Volkswagen Weighs 50,000 More Job Cuts to Reduce Costs
Volkswagen is weighing about 50,000 additional job reductions. The figure, disclosed in an internal staff memo, is a planning calculation rather than a final layoff order and could raise the company’s total planned reductions to
Why Experienced CFOs Are Commanding Bigger Pay Packages
Companies pursuing major business transformations are placing greater value on chief financial officers with experience leading large public organizations through
AGC Worldwide Sales Leadership Expands With Two Co-Heads
AGC worldwide sales leadership has been strengthened with the appointment of Nat McCormick and Diane Ferrandez as Co-Heads of Worldwide
Apple’s CEO Succession Sparks Focus on Executive Visibility
Apple CEO succession has become the focus of discussion after Apple’s leadership transition brought attention to the growing expectation that
American Hospital Association Names Steve Walsh CEO
American Hospital Association has named Steve Walsh as its next president and chief executive officer, setting up a fall
AI Takes Center Stage at 2026 Allen & Company Sun Valley Conference
The Allen & Company Sun Valley Conference opened in Sun Valley, Idaho, with artificial intelligence emerging as the leading topic among chief executives and senior business leaders attending the invitation-only
Heineken Appoints Rafael Oliveira as New Chief Executive
Rafael Oliveira CEO plans at Heineken were confirmed after the brewer announced that the current head of JDE Peet’s will take over as chief executive, becoming the first external candidate
Johnson & Johnson CEO Details Long-Term Oncology Growth Plan
Johnson & Johnson’s long-term plan to strengthen its position in oncology took center stage this week as Chief Executive Officer Joaquin Duato presented a strategy centered on business expansion, artificial
Executive Governance Lessons From Honda’s CEO Power Struggle
The leadership dispute surrounding Honda Motor Co. Chief Executive Toshihiro Mibe has drawn attention to how major companies manage pressure from former leaders when strategy, performance, and board authority intersect.
Jensen Huang Highlights AI and Quantum Computing Opportunities
Jensen Huang highlighted AI infrastructure, enterprise technology, and quantum computing as significant areas of opportunity during recent industry discussions, drawing attention from corporate leaders, technology executives, and investors evaluating the
Why Experienced CFOs Are Commanding Bigger Pay Packages
Companies pursuing major business transformations are placing greater value on chief financial officers with experience leading large public organizations through periods of operational change. Recent coverage from Fortune and
AGC Worldwide Sales Leadership Expands With Two Co-Heads
AGC worldwide sales leadership has been strengthened with the appointment of Nat McCormick and Diane Ferrandez as Co-Heads of Worldwide Sales and Distribution, effective immediately. The executive appointments place
Kroger Giant Eagle Acquisition: Kroger Agrees to $1.65 Billion Grocery Expansion
Kroger Giant Eagle acquisition entered a new phase after Kroger announced a $1.65 billion agreement to acquire Giant Eagle, adding
Kohl’s Names Elliott Rodgers as Chief Operating Officer
Kohl’s chief operating officer appointment expanded the retailer’s executive leadership team after the company selected former Foot Locker executive Elliott
Shutterstock CEO Transition: Interim Leader Named After Paul Hennessy Exit
Shutterstock announced that CEO Paul Hennessy has stepped down with immediate effect, weeks after its planned merger with Getty Images was terminated. CFO Rik Powell will serve as interim CEO while continuing in his finance role as the board begins the search for a permanent chief executive. Key Takeaways Paul Hennessy stepped down as Shutterstock CEO and board member with immediate effect. CFO Rik Powell was appointed interim CEO while retaining his responsibilities as chief financial officer. Shutterstock said Hennessy’s departure was not related to disagreements over company operations, policies or practices. The leadership change follows the termination of Shutterstock’s proposed merger with Getty Images. The board plans to engage an adviser to assist with the search for a permanent CEO. The Shutterstock CEO transition began immediately after the company announced that Paul Hennessy had stepped down as chief executive officer and a member of the board of directors. The company also confirmed that Chief Financial Officer Rik Powell has assumed the role of interim CEO while continuing to serve as CFO. The leadership change comes weeks after Shutterstock ended its planned merger with Getty Images, marking a significant governance development for the company. The company stated in a regulatory filing that Hennessy’s departure was effective immediately. Shutterstock also said the decision was not the result of any disagreement between Hennessy and the company regarding its operations, policies or practices. At the same time, the board confirmed it intends to begin a formal search for a permanent chief executive. What Happened in the Shutterstock CEO Transition? Timeline of the leadership announcement Shutterstock announced the executive leadership change on July 13, confirming that Paul Hennessy had resigned from both his position as chief executive officer and his seat on the company’s board. To ensure continuity, the company appointed Rik Powell as
How Ferrari and Lamborghini CEOs Are Taking Opposite EV Leadership Paths
Ferrari’s first fully electric passenger car, the Luce, entered public view in May 2026 and quickly became a subject of
Estée Lauder Merger Talks With Puig End Before Major Deal
Estée Lauder Companies and Puig have ended merger discussions that could have reshaped the prestige beauty sector, closing a closely
Shutterstock CEO Transition: Interim Leader Named After Paul Hennessy Exit
Shutterstock announced that CEO Paul Hennessy has stepped down with immediate effect, weeks after its planned merger with Getty Images was terminated. CFO Rik Powell
David Zaslav CEO Pay Hits $165 Million Amid Investor Pushback
David Zaslav received compensation valued at about $165 million for 2025, according to Warner Bros. Discovery’s 2026 proxy statement. The package drew a sharp shareholder
Founder Exit Planning Expands Beyond Financial Preparation
Business succession planning is moving beyond valuation, taxes, and transaction terms as advisers urge founders to prepare for the personal
Snap CEO Evan Spiegel and KORA CEO Miranda Kerr Help Erase $550M in Medical Debt
Snap CEO Evan Spiegel and KORA Organics CEO Miranda Kerr are tied to a medical debt relief effort that will
OpenAI CEO Sam Altman Talks Future of AI Development
OpenAI CEO Sam Altman discussed AI development, superintelligence, the Stargate project, and the future of human intelligence during a recent
Jane Fraser Recognized for Leadership During Citigroup Overhaul
Jane Fraser received recognition for her leadership at Citigroup after several years of directing one of the largest restructuring efforts
Banana Republic Appoints Donald Kohler as CEO
Banana Republic has named Donald Kohler as its next Global Brand President and Chief Executive Officer, placing a seasoned apparel
Rivian CEO Pay Hits $403mn, Filing Shows
Rivian CEO pay reaches $403 million, filing shows, as the electric vehicle company disclosed that chief executive RJ Scaringe received
Levi Strauss CEO Michelle Gass Drives Strategic Growth Beyond Denim
Levi Strauss & Co., the iconic 173-year-old denim brand, is undergoing a significant transformation under the leadership of CEO Michelle
Ocado Confirms CEO Succession Timeline for Tim Steiner
Ocado has confirmed its long-term CEO succession plan, stating that co-founder Tim Steiner will remain chief executive through the start of the 2028 financial year
Fortune Brands Appoints Jesse Singh as New Chief Executive
Fortune Brands Innovations has announced the Fortune Brands Jesse Singh CEO appointment after completing a board-led executive search. The
Domino’s Names Joe Jordan as Next Chief Executive Officer
Joe Jordan CEO plans at Domino’s moved into focus this week after the company confirmed a leadership transition that will
Ericsson Appoints Per Narvinger as New Chief Executive
Per Narvinger will take over leadership of Ericsson after the telecommunications company announced that current chief executive Börje Ekholm plans
SEI Appoints Sneha Shah as Chief AI Strategist
SEI Chief AI Strategist appointments expanded on as the Pennsylvania-based financial technology and investment services company announced a series of
Berkshire Hathaway Announces $8.5 Billion Taylor Morrison Deal
Berkshire Hathaway Taylor Morrison deal entered a new phase after the companies announced a definitive agreement under which Taylor Morrison
Cybersecurity Surpasses All Other Business Risks for CEOs in Latest Survey
Corporate leaders report a shift in risk priorities, with cybersecurity concerns overtaking traditional business pressures. Studies and industry surveys indicate
Euronext Begins Search for Stéphane Boujnah’s Successor
Euronext CEO succession planning moved into focus this week after the pan-European stock exchange operator initiated a process to identify
Anthony Attia to Lead Australian Securities Exchange
Anthony Attia will leave Euronext to become chief executive officer of the Australian Securities Exchange, marking a major leadership transition
Target CEO Michael Fiddelke Outlines Turnaround Plans
Target CEO Michael Fiddelke said the retailer is focusing on operational improvements, merchandising adjustments, and customer experience initiatives as the