U.S. public companies announced 327 chief executive changes this year through November, according to outplacement firm Challenger, Gray & Christmas. That’s more than in any other year since at least 2010, when the firm first started tracking the turnover. It’s also an 8.6% increase from last year. Turnover included CEOs at U.S. companies that have long dominated their industries — like Boeing, Nike and Starbucks.
Calhoun himself was appointed in the last days of 2019 to succeed ex-CEO Dennis Muilenburg, who was ousted for his handling of the aftermath of two fatal crashes of Boeing’s 737 Max in 2018 and 2019. Calhoun was succeeded in August by Kelly Ortberg, a three-decade aerospace veteran and former Rockwell Collins CEO, whom Boeing plucked out of retirement in Florida to steady the company.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
From Nike to Intel, CEO departures at U.S. companies hit a record this yearCEO exits at U.S. public companies were a record in 2024 as they faced competitive and strategic challenges.
Source: NBCDFW - 🏆 288. / 63 Read more »
Nike Shares Fall Despite Earnings Beat as CEO Predicts Revenue DeclineNike's stock price dropped despite beating earnings estimates for the quarter. CEO John Donahoe warned investors that revenue is expected to decline in double digits during the next quarter, citing a need to refocus on its core athletic offerings and reduce promotional activities.
Source: nypost - 🏆 91. / 67 Read more »
Nike CEO Faces Tough Challenge as Company Battles Sales DeclineNike's new CEO, Matthew Hill, is facing a major challenge as the company grapples with a sales decline. Analysts predict a significant drop in sales and profits, attributed to Nike's efforts to revamp its product assortment by scaling back on popular but overexposed franchises. This strategy, while aimed at restoring the brand's coolness, has led to short-term pressure on sales, impacting retailers like Foot Locker. Hill's task extends beyond product strategy to reviving Nike's innovation, strengthening relationships with wholesalers, and fostering a positive company culture after recent layoffs.
Source: CNBC - 🏆 12. / 72 Read more »