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Succession Planning

All articles tagged with #succession planning

Goldman Sachs Denies Specific Timeline for David Solomon’s Succession Despite Reports of 2027 Transition
business14 days ago

Goldman Sachs Denies Specific Timeline for David Solomon’s Succession Despite Reports of 2027 Transition

Goldman Sachs has rejected claims that a definitive timeline exists for CEO David Solomon to step down, despite reports that his deputy John Waldron could take over as early as 2027 or 2028. While the Wall Street Journal and New York Post suggest the board is finalizing a succession plan, a Goldman spokesperson characterized specific timing assertions as speculation. Waldron, who has served as president and chief operating officer since 2018, is widely viewed as the heir apparent, bolstered by recent retention bonuses and a board seat. The potential transition would trigger a significant leadership shuffle, with finance chief Denis Coleman already absorbing some operational duties and other senior executives vying for the newly vacant president role.

via Financial Times|
#business#corporate-governance#david-solomon
Booster Boomer CEOs Refuse to Retire, Sparking a Corporate Succession Crunch
business1 month ago

Booster Boomer CEOs Refuse to Retire, Sparking a Corporate Succession Crunch

Boomer executives are clinging to top jobs longer than expected, with 42% of CEOs aged 60+ as firms lean on older leaders to steer through crises. This slow turnover, coupled with weak succession planning, could create a leadership gap when Boomers retire and may push Gen X or Millennials into C‑suite roles before they’re ready. External CEO hires have surged and pay has climbed, signaling a creeping succession crunch across corporate America.

via New York Post|
#baby-boomers#business#c-suite
Lakers Stake Dispute Highlights Estate-Planning Lessons for the Wealthy
business1 month ago

Lakers Stake Dispute Highlights Estate-Planning Lessons for the Wealthy

Jeanie Buss has sought to block a sale of the family’s Lakers stake as five of six siblings push to monetize the share held in a trust that uses a 'last man standing' provision. The dispute underscores how such clauses can strain family relationships and complicate succession in multigenerational enterprises. Lawyers suggest smoothing transitions with strategies like using life insurance to compensate heirs, consolidating control under a single trustee or a pot trust with independent oversight, and rethinking who governs a family business. The case also foreshadows broader tensions as a large wealth transfer accelerates across generations.

via CNBC|
#business#buss-family#estate-planning
Holland Lays Groundwork for Spider-Man’s Next Act
entertainment2 months ago

Holland Lays Groundwork for Spider-Man’s Next Act

Tom Holland says there’s a clear, five-year plan in place for passing the Spider-Man baton to his successor, developed since filming Spider-Man: No Way Home. He described having a concrete vision for the next chapter and mentoring the next Spider-Man, with Miles Morales eyed as a potential live-action successor and Holland eager to help set up that transition.

via Variety|
#entertainment#miles-morales#spider-man
JPMorgan Succession Narrows to Two Male Front-Runners as Female Contenders Exit
business3 months ago

JPMorgan Succession Narrows to Two Male Front-Runners as Female Contenders Exit

JPMorgan named Doug Petno and Troy Rohrbaugh co-presidents, effectively becoming frontrunners to succeed Jamie Dimon and narrowing the succession field from a slate of female contenders to an all-male pair; Marianne Lake's retirement removes a top candidate, leaving Mary Erdoes as the remaining explicitly named contender, while analysts say Dimon is likely to stay on as CEO for several more years.

via Business Insider|
#business#co-presidents#jamie-dimon
JPMorgan Narrows Succession Race as Top Leaders Shift Ahead of Dimon’s Exit
business3 months ago

JPMorgan Narrows Succession Race as Top Leaders Shift Ahead of Dimon’s Exit

JPMorgan Chase announced a major leadership reshuffle as it moves its succession planning for Jamie Dimon forward: Doug Petno and Troy Rohrbaugh were elevated to co-presidents of the bank’s commercial and investment banking unit, with Petno set to become sole CEO of that unit and Rohrbaugh to take over Marianne Lake’s consumer-banking role (Lake staying on briefly to aid the transition). The board also granted $30 million retention awards to both Petno and Rohrbaugh, underscoring the belief that the race to succeed Dimon has narrowed to these two executives. Dimon remains executive chairman and has signaled he plans to stay for several more years.

via Yahoo Finance|
#business#doug-petno#jamie-dimon
JPMorgan Sets Up Dimon Succession With Dual Co-Presidents
business3 months ago

JPMorgan Sets Up Dimon Succession With Dual Co-Presidents

JPMorgan named Doug Petno and Troy Rohrbaugh as co-presidents, with Petno becoming CEO of the Commercial & Investment Bank and Rohrbaugh CEO of Consumer & Community Banking, while Marianne Lake retires; the move is part of ongoing succession planning for Jamie Dimon, who could begin transitioning as early as this year but no date has been set.

via New York Post|
#business#co-presidents#commercial-and-investment-bank
Replacing Pep Guardiola: City’s Challenge to Repeat the Unfollowable
sports4 months ago

Replacing Pep Guardiola: City’s Challenge to Repeat the Unfollowable

Pep Guardiola has reshaped Manchester City into a global powerhouse, forging a club culture and trophy haul that makes his exit one of football’s most daunting tasks to follow. The piece argues City’s best path forward lies in continuity and smart internal positioning, with Enzo Maresca and other high-profile candidates in the mix, but warns that matching Guardiola’s impact will be extraordinarily difficult and may be virtually impossible to replicate.

via The New York Times|
#enzo-maresca#manchester-city#pep-guardiola
Disney’s Executive Duo Gets a New Script: D’Amaro to CEO Path, Walden Expands Creative Command
business8 months ago

Disney’s Executive Duo Gets a New Script: D’Amaro to CEO Path, Walden Expands Creative Command

Disney is reshaping its leadership: Josh D’Amaro is positioned to report to Bob Iger as the future CEO, while Dana Walden takes a broadened role as president and chief creative officer overseeing Disney’s TV/film studios and streaming (excluding ESPN). Walden will also act as a close advisor to D’Amaro, signaling a two-pronged approach to run Disney’s entertainment and experiences, with a focus on guiding production, streaming profitability, and navigating industry disruption as the company balances parks, media, and new technologies.

via Variety|
#business#dana-walden#disney
The rise of co-CEOs: sharing the top job to balance growth and life
business9 months ago

The rise of co-CEOs: sharing the top job to balance growth and life

More companies are appointing co-CEOs to share decision-making, reduce hubris, and enable leaders to balance work with family. The share of co-CEO roles among Russell 3000 firms grew from 11 in 2015 to 24 in 2024, with examples including Oracle, Comcast, Spotify and Netflix. While the model can harness complementary strengths and aid succession planning, it can also invite power struggles and misalignment, so it tends to work best for independent units or established partnerships. Cases such as Board Intelligence and Enfuce illustrate how co-CEO arrangements can support time off and family commitments, but the model is not yet mainstream as a long-term solution; many co-CEO pairs eventually split or transition to sole leadership. Burnout remains a concern for top executives, and governance considerations surrounding two leaders continue to be debated.

via BBC|
#burnout#business#co-ceo
Tesla Prepares for Leadership Changes Amid $1 Trillion Pay Controversy
business11 months ago

Tesla Prepares for Leadership Changes Amid $1 Trillion Pay Controversy

Tesla is preparing internal successors for Elon Musk if shareholders reject his $1 trillion pay package, with Musk hinting at a possible exit or shift to other ventures like SpaceX or xAI. The company is campaigning for support ahead of the November 6 shareholder meeting, where the pay plan and investment in Musk's AI firm xAI will be voted on. If the proposal fails, Tesla has a 'Plan B' with internal leadership options, including a potential co-leadership model.

via Nasdaq|
#business#elon-musk#pay-proposal