DirectorMoves
Saturday, November 11, 2023 – Issue 1405
The Character of the Corporation 2023 November 30, 2023 @ The Metropolitan Club, New York City
Speakers: Jay Clayton, Glenn Hubbard, Ursula Burns, Mary Bush, Susan Salka, Michele Hooper, Herman Bulls, Nichelle Maynard-Elliott… Plus many more!
Director and CEO Moves
3M (NYSE: MMM) $50.6b MN Jeff Lavers departs as Grp Pres- Health Care Business Group re planned spin-off of business
Target (NYSE: TGT) $50.7b MN John Mulligan to retire as COO
Biogen (NASDAQ: BIIB) $33.5b MA Monish Patolawala joins Board CFO 3M Corp x- General Electric GE Healthcare CFO
Global Payments (NYSE: GPN) $28.6b GA Ms. Shannon Johnston promoted to Chief Info Officer was Chief Digital & Deputy Chief Info Officer succeeds Guido Sacchi
WEC Energy (NYSE: WEC) $25.1b WI Gale Klappa to be promoted to NonExCOB was COB
Turnover at the Top: Are Boards Ready? By Melanie C. Nohen
Turnover risk among senior leadership teams is a top concern in boardrooms, according to Corporate Board Member’s latest director survey, conducted in partnership with governance consultancy Farient Advisors. We asked directors what worries them most—and what they’re doing about it. Some insights.
Fair Isaac (NYSE: FICO) $23.3b MT Stephanie Covert departs as EVP Software
ResMed (NYSE: RMD) $21.1b CA Ms. Lucile Blaise promoted to SVP Strategy & BD / Robert Douglas departs as COO President
Twilio (NYSE: TWLO) $10.1b CA Ms. Elena Donio resigns as Pres- Twilio Data & Applications
Genpact (NYSE: G) $6.30b Bermuda Balkrishan Kalra promoted to Pres- CEO joins Board SVP Financial Srvs, Consumer & Healthcare businesses succeed Tiger Tyagarajan continues on Board
New Relic (NYSE: NEWR) $6.18b CA Acq by Francisco Partners & TPG x- BM- Lewis Cirne, Bill Staples, Ms. Hope Cochran, Ms. Susan Arthur, Pali Phalachandra Bhat, Ms. Anne DelSanto, Kevin Galligan, David Henshall, RK Mahendran, Takeshi Numoto
Since January 1, 2023: All Boards: Women +110 ~ Men -175: Boards Mkt Cap $5b+: Women +70 ~ Men -31
Comerica (NYSE: CMA) $5.43b TX Brian Goldman named Chief Risk Officer x- Citibank NA Head Ops Risk Institutional Clients Gp, Goldman Sachs succeeds Jay Oberg
PVH (NYSE: PVH) $4.67b NY Ms. Lea Rytz Goldman named Global Brand Pres- Tommy Hilfiger x- COS Mng Dir, Arket, H&M
EnerSys (NYSE: ENS) $3.58b PA Shawn O’Connell promoted to Pres- Energy Systems Global was Pres- Motive Power succeeds Andrew Zogby
Abercrombie & Fitch (NYSE: ANF) $3.36b OH Arturo Nunez joins Board BM- Estée Lauder Fndr CEO AIE Creative x- Nu Holdings Chief Mktg Officer, Apple, Nike, NBA
Worthington Industries (NYSE: WOR) $3.10b OH Board changes re spin-off of Worthington Steel / Andrew Rose, Billy Vickers, Paul Heller, Virgil Winland join Board succeed Carl Nelson, Ms. Mary Schiavo, Sidney Ribeau / PR
Adient (NYSE: ADNT) $3.04b Ireland Jerome Dorlack promoted to CEO joins Board was CFO x- Aptiv, Delphi Automotive, ZF Friedrichshafen succeeds Douglas Del Grosso
Links to Board & C-suite Openings: We track potential Board Openings Two-ways: Highlighted Companies are not compliant with Glass Lewis policy recommending 30% gender diversity. And Boards with Directors over 70 with no recent appointments.
Kohls (NYSE: KSS) $2.64b WI Adolfo Villagomez joins Board CEO Progress Residential x- Home Depot Chief Mktg Officer Online, McKinsey succeeds Peter Boneparth / Michael Bender promoted to COB
Revolution Medicines (NASDAQ: RVMD) $2.19b CA Ms. Sandra Horning joins Board CoFndr EQRx x- Roche Chief Medical Officer & Global Head Product Dev Roche via Acq EQRx
InvenTrust Properties (NYSE: IVT) $1.66b IL Julian Whitehurst promoted to COB x- National Retail Properties CEO BM succeeds Ms. Paula Saban continues on Board
Nextgen Healthcare (NASDAQ: NXGN) $1.61b CA Acq Thoma Bravo x- BM- Jeff Margolis, Craig Barbarosh, David Sides, George Bristol, Darnell Dent, Ms. Julie Klapstein, Ms. Geraldine McGinty, Morris Panner, Ms. Pamela Puryear
PROS (NYSE: PRO) $1.61b TX Ms. Cynthia Johnson joins Board SVP Global Solutions Sales ServiceNow x- Cisco VP Cloud Infrastructure & Software Grp
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Harmony Biosciences (NASDAQ: HRMY) $1.40b PA Peter Anastasiou joins Board CEO Capsida Biotherapeutics, x- Lundbeck Pharma Pres- NA
EQRx (NASDAQ: EQRX) $1.26b MA Acq by Revolution Medicines x- BM- Ms. Alexis Borisy, Ms. Amy Abernethy, Paul Berns, Jorge Conde, Ms. Kathryn Giusti, Ms. Sandra Horning, Clive Meanwell, Sam Merksamer, Ms. Melanie Nallicheri, Krishna Yeshwant
Avid Technology (NASDAQ: AVID) $1.19b MA Acq by STG PE firm x- BM- Christian Asmar, Robert Bakish, Ms. Paula Boggs, Ms. Elizabeth Daley, Ms. Nancy Hawthorne, Dan Silvers, John Wallace, Peter Westley
Sila Realty Trust (OTCMKTS: CVMCA) $1.06b FL Jason Reed departs as Chief Admin Officer
WisdomTree (NYSE: WT) $.942b NY Harold Singleton resigns from Board x- Lincoln Financial Mng Dir
Beazer Homes USA (NYSE: BZH) $.875b GA Ms. June Sauvaget, Ms. Alyssa Steele join Board / Sauvaget x- SunPower, Brex, Spotify / Steele CEO Rugs USA succeed Ms. Elizabeth Acton, David Spitz / Acton x- Comerica CFO / Spitz x- ChannelAdvisor CEO
Aditxt (NASDAQ: ADTX) $.829b VA Charles Nelson joins Board BM- Greenland Technologies x- Auerbach Pollack & Richardson, Drexel Burnham succeeds Namvar Kiaie resigns from Board
Intercept Pharmaceuticals (NASDAQ: ICPT) $.794b NJ Acq by Alfasigma SpA x- BM- Jerome Durso, Paolo Fundarò, Mark Pruzanski, Srinivas Akkaraju, Luca Benatti, Daniel Bradbury, Keith Gottesdiener, Ms. Nancy Miller-Rich, Ms. Dagmar Rosa-Bjorkeson, Gino Santini, Glenn Sblendorio
ScanSource (NASDAQ: SCSC) $.714b SC Charles Whitchurch retires from Board x- Zebra Technologies CFO
Consensus Cloud Solutions (NASDAQ: CCSI) $.441b CA Johnny Hecker promoted to Chief Revenue Officer continues as EVP Ops / John Nebergall departs as COO
Greenlight Capital Re (NASDAQ: GLRE) $.383b Cayman Isl Greg Richardson named CEO x- TransRe Chief Risk & Strategy Officer succeeds Simon Burton
Immunome (NASDAQ: IMNM) $.376b PA Jean-Jacques Bienaime joins Board BioMarin COB CEO BM- Incyte Corp
Sharecare (NASDAQ: SHCR) $.371b GA Brent Layton named CEO continues on Board x- Centene COO succeeds Jeff Arnold continues as ExCOB company- Fndr
Babcock & Wilcox Ent (NYSE: BW) $.205b OH Ms. Naomi Boness joins Board Sanford University CoMng Dir Hydrogen Initiative / Joseph Buckler departs as SVP Clean Energy
Alimera Sciences (NASDAQ: ALIM) $.178b GA Ms. Margaret Pax joins Board x- Thermo-Fisher VP Strategy, Innovation, Clinical Supply Chain / Re Velan Capital Agreement
CFO Moves
AppLovin (NASDAQ: APP) $13.9b CA Matthew Stumpf promoted to CFO was VP FP&A x- PwC succeeds Herald Chen resigns as President & CFO continues on Board
Ares Capital (NASDAQ: ARCC) $11.0b NY Scott Lem promoted to CFO was CAO Treasurer x- EY, Arthur Andersen succeeds Ms. Penni Roll
MarketAxess (NASDAQ: MKTX) $8.60b NY Chris Gerosa resigns as CFO
Adient (NYSE: ADNT) $3.04b Ireland Mark Oswald promoted to CFO was VP Treasurer, IR, Corp Communications x- GM, TRW, Ford succeeds Jerome Dorlack promoted to CEO
eXp World (NASDAQ: EXPI) $1.85b WA Jeff Whiteside resigns as CFO / Chief Collaboration Officer
Claros Mortgage Trust (NYSE: CMTG) $1.47b NY Jai Agarwal resigns as CFO
Malibu Boats (NASDAQ: MBUU) $.885b TN Bruce Beckman named CFO x- Entegris SVP Finance, General Mills
OneSpan (NASDAQ: OSPN) $.338b MA Jorge Martell promoted to CAO continues as CFO succeeds John Bosshart
Assertio (NASDAQ: ASRT) $.198b IL Ajay Patel promoted to CFO was CAO succeed Paul Schwichtenberg promoted to SVP Commercial
Assure (NASDAQ: IONM) $.001b CO John Price resigns as CFO
General Counsel Moves
Fox Corp (NASDAQ: FOXA) $14.1b NY Adam Ciongoli named CLO & Policy Officer x- Campbell Soup, Lincoln Financial GC, Willis Grp
Campbell Soup (NYSE: CPB) $11.9b NJ Adam Ciongoli retires as GC Chief Sustainability & Responsibility & Governance Officer
Text © copyright 2023: Published in 2023 by George Fleck all rights reserved. No portion of this report may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, mechanical, electronic, photocopying, recording, or otherwise without the written permission from the publisher.
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