All articles tagged with #succession
Fortune argues that Baby Boomers, by dominating jobs, owning most large homes, and aging in top roles, suppressed wages and constrained housing for younger Americans for decades; as Boomers retire, a tighter labor market, housing shortages, and weak leadership succession threaten the economy and compel institutions to reinvent transitions.
Stephen I. Miran has submitted his resignation from the Federal Reserve Board, effective when his successor is sworn in. He joined the Board in September 2025 to fill an unexpired term ending January 31, 2026; his prior roles include chairman of the Council of Economic Advisers under President Trump and senior positions in finance and policy. A copy of the resignation letter is attached.
Forbes highlights America’s biggest family-owned firms, showing how multi‑generational ownership and governance shape long-term strategy, succession planning, and resilience across industries beyond short-term quarterly results.
Shareholders at Berkshire Hathaway's annual meeting express cautious optimism about Greg Abel succeeding Warren Buffett, praising his operational background and Buffett's endorsement while noting Abel may not match Buffett's stagecraft; the gathering signals the official pivot to Abel's tenure as the conglomerate navigates inflation and affordability concerns while preserving Berkshire's long-term principles.
Powell’s term as Fed chair ends May 15, 2026, but the question now is whether he’ll stay on as a governor after a DOJ probe into the Fed’s renovation ends; insiders say he’s torn between leaving for a quieter life and guarding the Fed’s independence, with a smooth transition possible if he stays briefly to back incoming chair nominee Kevin Warsh, while Trump’s threats add political pressure.
NASCAR will appoint Steve O'Donnell as CEO, making him the first non-France family member to run the sport, while promoting Ben Kennedy to chief operating officer. Jim France remains chairman and majority owner. O'Donnell will oversee all operations, including racing series and tracks, and Kennedy will drive competition and business initiatives. The changes, announced ahead of a Talladega press conference, come after recent stability from new media deals and a revised playoff format.
Apple unveils a board-approved leadership transition: Tim Cook will become executive chairman and John Ternus will become CEO on September 1, 2026, with Cook staying on through the summer to ensure a smooth handoff; Arthur Levinson will become lead independent director and Ternus will join the board.
State media KCNA showed Kim Jong Un with his reportedly 13-year-old daughter Ju Ae driving an army tank, a display analysts say may indicate grooming her to succeed him. Ju Ae has recently appeared with her father at a firing range and a handgun shoot, though North Korean officials have not confirmed her name or age.
NFL owners will vote at the spring meeting in Phoenix on a Raiders succession plan that would allow Silver Lake co-CEO Egon Durban to purchase a majority stake from Mark Davis, potentially placing him as the future controlling owner. Durban already holds a minority stake (about 7.5%) and has been involved in the organization, with a second minority stake offered to limited partner Michael Meldman; Davis, who turned 71 and recently inherited his mother’s shares, has not indicated an intent to sell. The plan would require owners’ approval to finalize Durban as the new controlling owner if/when a sale occurs.
Bob Iger’s two-term leadership at Disney is depicted as deeply transformative: he orchestrated major acquisitions (Pixar, Marvel, Lucasfilm, Fox) and steered the shift to streaming, delivering long-term value while facing critiques over succession decisions and missteps like Maker Studios and the Fox deal. His 2022 return stabilized Disney, improved profitability, and left the company well‑positioned for Josh D’Amaro’s tenure, with Iger pursuing non‑Disney interests and board roles rather than full retirement.
Shantanu Narayen tells Adobe staff he will transition from the CEO role after a successor is named, remaining as chair to support the board and the next leader. He highlights Adobe’s growth from ~3,000 to 30,000 employees and revenue of about $25 billion, and emphasizes AI-driven opportunities as the company pursues its FY26 priorities. He notes the next era of creativity will be shaped by AI and new workflows, and invites employees to an upcoming meeting to discuss quarterly results and questions.
Mojtaba Khamenei, the late Ayatollah Ali Khamenei’s son, has long been seen as a potential successor; after his father’s death in an Israeli strike, his stock has risen amid Iran’s succession dynamics, despite having no official government post. He’s tied to Iran’s Revolutionary Guard networks and the regime’s wealth foundations, and could be a preferred candidate for shared leadership among hard-liners as the Assembly of Experts chooses the next supreme leader amid ongoing war and nuclear tensions.
AP outlines potential successors to Iran’s late Supreme Leader Ayatollah Ali Khamenei, naming Mojtaba Khamenei, Ayatollah Ali Reza Arafi, Hassan Rouhani, Hassan Khomeini and Mohammad Mehdi Mirbagheri as top contenders and noting debates over hereditary leadership while detailing each figure’s background and influence.
After Ayatollah Ali Khamenei’s death in US-Israeli air strikes, Iran faces a leadership vacuum. The Assembly of Experts, vetted by the Guardian Council, will elect a new supreme leader, with a temporary council to run state duties in the interim. Potential successors highlighted include Mojtaba Khamenei, Alireza Arafi, Mohammad Mehdi Mirbagheri, Gholam-Hossein Mohseni-Ejei, and Hassan Khomeini, reflecting a mix of hardline and reformist-backed figures.
Iran faces an unsettled path to a new supreme leader after Ayatollah Ali Khamenei's death, with the Assembly of Experts set to choose from contenders such as Mojtaba Khamenei, Alireza Arafi, Mohammad Mehdi Mirbagheri, Hassan Khomeini, and Hashem Hosseini Bushehri. Any successor must be a male cleric who meets constitutional requirements and shows loyalty to the Islamic Republic, but internal power dynamics and regional pressures could shape the outcome, and reformist clerics may be sidelined in the likelyگیری selection process.