Pins matching tag:Succession

Inditex's board approved Marta Ortega Pérez as non-executive chairwoman, effective 1 April 2022, and named Óscar García Maceiras chief executive with immediate effect, completing a generational handover from longtime executive chairman Pablo Isla.

H&M Group's board appointed Daniel Ervér, the 18-year company veteran running its flagship H&M brand, as president and chief executive, succeeding Helena Helmersson, who stepped down after four years in the role.

On 13 August 2024 Starbucks named Chipotle chairman and CEO Brian Niccol as chairman and chief executive, replacing Laxman Narasimhan, who stepped down immediately; Niccol started on 9 September 2024.

Michele Buck, Hershey's chairman and CEO, a 20-year Hershey veteran who took the top job in 2017, told the board she would retire by June 30, 2026. A board committee began an external and internal search for her successor.

On 15 April 2025 Caterpillar announced that COO Joe Creed would succeed Jim Umpleby as CEO and join the board on 1 May, with Umpleby becoming executive chairman.

LVMH shareholders approved raising the company's chairman-and-CEO age limit from 80 to 85 with 99.18% of the vote, clearing Bernard Arnault, then 76, to keep running the group without having named a successor.

On 29 July 2025 Novo Nordisk appointed Maziar Mike Doustdar, head of International Operations, as president and CEO from 7 August 2025, succeeding Lars Fruergaard Jørgensen after 34 years with the company.

On 20 August 2025 Target's board elected chief operating officer Michael Fiddelke as its next CEO, effective 1 February 2026, with Brian Cornell moving to executive chair.

On 29 September 2025 GSK appointed Chief Commercial Officer Luke Miels as CEO Designate, to take over from Dame Emma Walmsley and join the board on 1 January 2026.

On 30 September 2025 Spotify announced that founder Daniel Ek will become executive chairman on 1 January 2026, with co-presidents Gustav Soderstrom and Alex Norstrom becoming co-CEOs.

On 9 October 2025 PepsiCo named Steve Schmitt, CFO of Walmart U.S., as Executive Vice President and CFO effective 10 November 2025, succeeding Jamie Caulfield, who is retiring after more than 30 years.

On 10 November 2025 Warren Buffett converted 1,800 Class A shares into 2.7 million Class B shares for four family foundations, and in his Thanksgiving letter said he would stop writing Berkshire's annual report.

On 14 November 2025 Walmart's board elected John Furner, 51, to succeed Doug McMillon as President and CEO effective 1 February 2026; McMillon retires on 31 January 2026 after more than a decade in the job.

On 8 December 2025 Berkshire Hathaway announced Nancy Pierce as Geico CEO, Charles Chang as CFO from 1 June 2026, Adam Johnson as president of its consumer businesses, and the exit of Todd Combs to JPMorgan.

On 1 January 2026 Greg Abel became President and CEO of Berkshire Hathaway, succeeding Warren Buffett after 60 years; Buffett remains chairman and Abel's annual cash salary is US$25 million.

On 3 February 2026 Disney's board announced it had unanimously elected Disney Experiences chairman Josh D'Amaro as CEO, effective at the 18 March 2026 annual meeting. Dana Walden was named president and chief creative officer.

On 12 February 2026 Sanofi's board said it would not renew Paul Hudson, whose last day as CEO was 17 February, and named Merck KGaA chief Belén Garijo to succeed him after the 29 April shareholder meeting.

Associated British Foods confirmed Eoin Tonge, its finance director who had run Primark on an interim basis since Paul Marchant's March 2025 exit, as the retailer's permanent chief executive, alongside a new chief commercial officer role.

Wilmar's lead independent director defended the risk committee he chairs over the China and Indonesia cases and won 95.9% of votes; Kuok Khoon Hong said he would retire if a suitable successor emerged.

On 1 May 2026, the eve of his first annual meeting as Berkshire Hathaway CEO, Greg Abel told CNBC's Becky Quick on Squawk Box about risk management, inflation, the stock portfolio and his runway in the job.

On 6 May 2026 Lockheed Martin announced that Aeronautics president Greg Ulmer would retire and Skunk Works head Orlando "OJ" Sanchez Jr. would succeed him on 1 June.

On 2 June 2026 Texas Instruments said Julie Knecht, its chief accounting officer, would become chief financial officer on 1 August 2026, succeeding Rafael Lizardi, who retires after 25 years with the company.

Geely Automobile Holdings announced on 17 August 2026 that founder Li Shufu resigns as chairman effective 18 August and becomes honorary chairman for life, with Andy An as chairman and Jerry Gan as chief executive.

On 3 September 2026 Adobe announced that Anil Chakravarthy, president of its Customer Experience Orchestration business, will become president and CEO on 1 December 2026, with Shantanu Narayen moving to executive chair.