All articles tagged with #ceo succession
Goldman Sachs board discussions on replacing CEO David Solomon with John Waldron face a structural deadlock. While the bank is performing record-breaking, Solomon’s entrenched power and Waldron’s limited patience create a high-risk transition scenario.
Vishal Garg, founder and former CEO of Better.com who fired 900 employees on a Zoom call just before Christmas in 2021 and was ousted this year, is seeking to reclaim the top job as he touts a turnaround built on AI mortgage processing and partnerships with Neo Home Loans, Intuit, Coinbase and OpenAI; investors have pushed back as the stock slid after the leadership change, but Garg says he has enough board support and would work for $1 a year to restore profitability.
Macquarie Group Ltd. named Greg Ward its next chief executive officer, succeeding retiring Shemara Wikramanayake as the firm accelerates its retail banking expansion.
Macquarie Group named Greg Ward, its banking and financial services chief and former CFO, as the new CEO to succeed retiring Shemara Wikramanayake in November, signaling an internal, smooth transition as the firm expands overseas and grows its banking, commodities and renewables businesses; the board is also reviewing its audit process with KPMG amid governance scrutiny, and shares moved modestly on the news.
Marianne Lake, a longtime JPMorgan executive long viewed as a potential Dimon successor, resigned after Dimon chose two rivals for the top job. She reportedly left with about $50 million in unvested JPMorgan stock that would typically be forfeited upon departure, though an exception wasn’t confirmed. The move followed reports of a fraying relationship with Dimon and mixed internal assessments of her leadership, while Dimon is expected to remain CEO for roughly three more years before transitioning to executive chairman; no clear front-runner for the role was officially declared.
Fortune columnist Andrea Petrone argues that Tim Cook built Apple into a $4 trillion powerhouse by operating as an execution-focused, privacy-driven leader, but the AI era demands a different operating mode. The piece uses Cook’s transition toward John Ternus to illustrate how leaders must outgrow their past identities to fit a changing context, raising the central question: is the leader you’ve been the leader this moment needs?
Best Buy announced a leadership transition, naming Jason Bonfig, an internal executive, as the new chief executive officer while incumbent CEO Corie Barry steps down, signaling a notable shift in the retailer’s leadership and strategy.
Apple named its 51-year-old hardware engineering chief, John Ternus, as Tim Cook’s successor as CEO, with Cook stepping to executive chairman as the company moves to a leadership model focused on hardware expertise and AI-driven product strategy.
Tim Cook will step down as Apple CEO after nearly 15 years, becoming executive chairman in September; John Ternus, head of hardware engineering, will become CEO. Apple has prospered under Cook with iPhone-driven growth and services expansion, but now faces questions about sustaining innovation and leadership depth amid AI adoption and China-related challenges, while Srouji is promoted to chief hardware officer to bolster hardware development.
Apple announced Tim Cook will become executive chairman of the board and John Ternus will be Apple’s next CEO, effective September 1, 2026, with Cook remaining CEO through the summer to ensure a smooth transition. Arthur Levinson will become lead independent director and Ternus will join the board. The move comes after a long-planned succession and emphasizes Cook’s legacy of growth and privacy, while highlighting Ternus’s hardware leadership as Apple positions itself for the next chapter of innovation.
Disney’s handoff from Bob Iger to Josh D’Amaro unfolds as a remarkably drama-free, transparent transition, with key executives like Dana Walden staying in place and a stable new org chart signaling a steady path forward for the company.
Bob Iger steps down as Disney's CEO, with Josh D’Amaro taking over after a February 2 board vote and a March 18 handoff. Iger will stay on as Senior Advisor until December 31, 2026. D’Amaro, formerly head of Disney Experiences, is tasked with uniting creativity and technology across Disney’s brands, and the company announces additional leadership changes, including Dana Walden becoming President & Chief Creative Officer.
Kroger plans to name Greg Foran, a New Zealand-born former Walmart U.S. chief and ex-Air New Zealand CEO, as its next CEO, becoming Kroger's first outsider to lead. He would replace interim CEO Ron Sargent after Rodney McMullen's resignation following an internal ethics probe; an announcement could come as early as Feb. 9, per Wall Street Journal.
Disney names theme parks chief Josh D’Amaro as its next chief executive, replacing Bob Iger who will become a senior adviser; Dana Walden is named president and chief creative officer. D’Amaro will lead Disney’s 230,000-strong workforce, overseeing parks, studios and streaming strategy, with a pay package around $38.5 million and a board seat to follow after the March shareholder meeting.
The Walt Disney Company named Josh D’Amaro, currently head of Disney Experiences, as its next CEO, replacing Bob Iger on March 18; Iger will stay as a senior advisor until retiring on December 31. Dana Walden will report to D’Amaro as president and chief creative officer, focusing on storytelling and the content engine. The board’s decision caps a multi-year succession process as Disney navigates growth in parks and streaming amid broader industry challenges.