In 2021, Amazon, Microsoft, Intel, Qualcomm, Saifushi, Infineon, Twitter, Johnson & Johnson, Merck, Warber United, Marriott, Sands, Siemens, Emerson, Cummins, Barclays, UBS, AB InBev, Danone, L'Oréal, Beiersdorf, Inditex, Chanel, Hasbro, Ferrari, Bosch, Shell, Rio Tinto, Glencore, Saint-Gobain and other corporate giants have undergone top management changes.
technology
Amazon
Amazon.com founder Jeff Bezos officially stepped down as Amazon's chief executive on July 5, a position hefty over from andy Jassy. Andy Jassy has been with Amazon since 1997 and previously served as CEO of Amazon Cloud Services. People who worked closely with Jassi for years described him as soft-spoken and approachable. Jassie is an avid sports and music lover who likes to wear jeans to work and occasionally appears in restaurants near Amazon's Seattle campus.
Bezos will continue to work for the company after leaving office and serve as executive chairman of the board of directors. Since founding Amazon in 1994, Bezos has served as Amazon's CEO, during which time he became the richest man in the world. He flagged that he would continue to be "involved in important Amazon projects," but would focus most of his efforts on his personal climate change initiatives and the space exploration companies he owns, Blue Origin and The Washington Post.
Microsoft
Microsoft said its chief executive, Satya Nadella, would also serve as chairman. This is the second year in a row that Microsoft's board of directors has changed significantly; in 2020, Microsoft co-founder Bill Gates announced his resignation three months after he was re-elected as a director. Nadella took over as CEO of Microsoft in 2014 and successfully led the software giant's transformation, betting on the cloud computing business and achieving strong growth. He made Microsoft the second-largest company in the United States by market capitalization, after Apple. Microsoft also appointed former chairman John Thompson as lead independent director.
Intel
Intel CEO Bob Swan left on Feb. 15, and VMware CEO Pat Gelsinger became Shreb's successor as Intel's eighth CEO. Shreb began his role as Intel's CFO in 2016 and was officially named CEO of Intel in January 2019. The departure of Sribo means that he has become the shortest-serving Ceo of Intel. During his time at Intel, Pat Kissinger became Intel's first CTO, led several microprocessor projects, and had excellent leadership experience at Intel. After leaving Intel, he joined EMC as President and Chief Operating Officer of EMC's Information Infrastructure Products and became CEO of VMware in 2012.
Qualcomm
Qualcomm's Board of Directors unanimously selected Cristiano Amon to succeed Steve Mollenkopf as the company's chief executive officer, effective June 30, 2021. Previously, Mollenkopf had informed Qualcomm's board of directors that he had decided to retire and resign as CEO after 26 years of service at the company. Amon has been with Qualcomm since 1995 as its president. To ensure a smooth transition, Morenkopf will continue to serve as a strategic advisor to Qualcomm for a period of time. Cristiano Amon officially took office as CEO on June 30, and he became the fourth CEO in Qualcomm's history at the age of 36.
Salesforce
Salesforce, a provider of CRM software services, announced that it has been promoted to co-CEO of Bret Taylor, president and chief operating officer (COO). Previously, Taylor had just been named chairman of the board by Twitter. Taylor joined Salesforce in 2016. At the time, Salesforce bought productivity software startup Quip for $412 million, with Taylor co-founder. Taylor has since been quickly promoted to president and COO of Salesforce.
Infineon
Semiconductor maker Infineon announced that the company's Supervisory Board has decided to appoint incumbent COO Jochen Hanebeck as the new CEO, officially taking office on April 1, 2022. Jochen Hanebeck's CEO contract lasts until March 31, 2027, when he was given a five-year term. Jochen Hanebeck, who has been with Infineon for 27 years, has experienced several key leadership positions before joining in Thefineon Management Committee as COO in 2016. Jochen Hanebeck will take over as CEO from Reinhard Ploss.
OSRAM
OSRAM has appointed Ingo Bank as its new CEO until April 2023. At the same time, Ingo Bank will also be the CFO of ams. Ingo Bank's predecessor, Olaf Berlien, left on Feb. 28.
Cadence
Chen Liwu, the current CEO of Cadence, became the company's executive chairman on December 15, 2021, with Anirudh Devgan as the company's CEO. Board Chairman John Shoven was appointed Lead Independent Director. In 2009, Chen Liwu became CEO of Cadence, and during his tenure, the company's revenue increased from less than $1 billion to nearly $3 billion, and the stock price rose by more than 3200%. Anirudh Devgan has served as President of Cadence since 2017. Liwu Chen and Anirudh Devgan will continue to work closely together to continue the company's four consecutive years of strong growth and business achievements.
Jack Dorsey resigned as Twitter's CEO. After Dorsey left, Parag Agrawal, Twitter's chief technology officer (CTO), took over as CEO. Dorsey will remain a member of Twitter's board until his term expires at the 2022 shareholders' meeting. Dorsey previously served as ceo of both Twitter and Square.
Yahoo
Yahoo CEO Guru Gowrappan resigned as CEO and was succeeded by Jim Lanzone, CEO of dating app Tinder, which went into effect on Sept. 27. Private equity firm Apollo Global Management has completed its acquisition of Yahoo from Verizon in a deal worth about $5 billion. Ranpan Gu will be transferred to Apollo Global Management as a senior consultant.
medical
Johnson & Johnson
Joaquin Duato, vice chairman of Johnson & Johnson's executive committee, became CEO from Jan. 3, replacing Alex Gorsky, who has been in charge for nine years. Gorskey, 61, will be the executive chairman of Johnson & Johnson. Under Gorsky's leadership, Johnson & Johnson's market capitalization grew from nearly $180 billion to more than $470 billion, and the stock price rose more than 170 percent. Gorski said in a statement that he would focus more on his family for "health reasons", which is a suitable transition time for both the company and himself.
Merck (MSD)
Kenneth C. Frazier stepped down as CEO of U.S. drugmaker MSD on July 1 and was replaced by robert M. Davis, the company's former chief financial officer. Fraser will continue to serve as Executive Chairman of Merck's Board of Directors, and the transition period will be decided by the Board.
Bidy (BD)
Bidie (BD. Tom Polen, CEO and President of Becton, Dickinson and Company, serves as Chairman of BD, effective April 28, 2021. Polen succeeds Vincent A. Forlenza, who retired from BD. Polen joined BD in 1999 and has held various leadership positions in several business units. He was appointed President of BD in April 2017, Chief Operating Officer (COO) in October 2018 and Chief Executive Officer (CEO) in January 2020.
Fresenius Kabi
Mats Henriksson, Chairman of the Board and CEO of Fresenius Kabi, will resign from the company and Michael Sen will succeed him as fresenius Kabi's new CEO and join the Fresenius Group Management Committee with effect from April 12, 2021. Michael Sen has held a number of management positions since joining Siemens in 1996, serving as Chief Financial Officer of Siemens Healthcare from 2008 to 2015, then joining Eon, a well-known German energy company, as Chief Financial Officer, and in 2017 he returned to the Siemens Management Committee to take charge of Siemens Healthcare and Energy.
Surround
Cerner, an American electronic medical records company, announced that David Feinberg, vice president of Google Health, became ceo and president of the company in October, replacing current CEO Brent Shafer. Feinberg has been leading Google's healthcare program since 2018. After he joined Google, Google created his current position specifically. Feinberg's departure suggests that Google may be re-evaluating whether to continue to develop new products through Google Health to break into the trillion-dollar medtech market.
Walgreens Boots Alliance
The Walgreens Boots Alliance, the largest U.S. pharmacy chain, has appointed Roz Brewer as its new CEO, succeeding Stefano Pessina, effective March 15. Brewer thus became the only current black female CEO of a Fortune 500 company. As one of TheWoboLian's largest individual investors, Pessina plans to remain on the company's board of directors as executive chairman.
Hotel, leisure, aviation
Las Vegas Sands
The board of directors of Las Vegas Sands, which lost founder Sheldon Adelson, appointed Rob Goldstein, 65, as CEO and chairman. Until then, Edson had been the company's sole CEO, which he founded in 1989. On January 11, 2021, Ederson died at the age of 87 from complications from treatment of non-Hodgkin lymphoma. Goldstein was previously the company's chief operating officer and president. He joined Sands about 25 years ago and has been involved in important projects such as The Venetian.
Marriott International
Marriott International's Board of Directors announced that Anthony Capuano has been appointed CEO of the company and has joined the Board. He previously served as President of Marriott International's Global Development, Design and Operations Services Group. Marriott International's Board of Directors also announced that Stephanie Linnartz has been appointed president of the company. She previously served as President of Marriott's Consumer Operations, Technology and Emerging BusinessEs Group. The appointment of Mr. Capuano and Ms. Linnartz comes from the tragic death of Arne Sorenson, former CEO and President of Marriott International, on February 15, 2021.
Southwest Airlines
Southwest Airlines announced that Chairman and CEO Gary Kelly will transition to early 2022 as the company's executive chairman and hold that role until at least 2026. At the same time, Robert Jordan, the company's executive vice president of enterprise services, will succeed Gary Kelly as CEO on February 1, 2022, and will also join the company's board of directors.
Industrial, electrical, mechanical
Siemens
Joe Kaeser, president and CEO of Siemens, who has served the company for more than 40 years, bids farewell to Siemens. Roland Busch becomes the new President and CEO of Siemens AG. This marks the successful completion of the succession process for its management. The next-generation management team led by Boleren includes CFO Ralf P. Thomas, Chief Human Resources Officer Judith Wiese, Cedrik Neike, who oversees the Digital Industries Group, and Matthias Rebellius, who runs the Smart Infrastructure Group.
Emerson
Emerson, a global leader in technology and industrial software, announced that its CHIEF Executive Officer, David N. Farr, officially retired on February 5, 2021. Lal Karsanbhai, currently CEO of Emerson's Automated Solutions Platform, will take over as Emerson's new CEO and join the Board of Directors. Fan Dawei was appointed CEO of Emerson in 2000 and Chairman of the Board of Directors since 2004. He will step down as Chairman on May 4, 2021. Under Fan Dawei's leadership, Emerson has transformed from a component manufacturer to a leader in industrial software.
Cummins
Cummins announced that today's Chief Operating Officer, Tony Satterthwaite, will become Vice Chairman of Cummins and Jennifer Rumsey, currently President of the Parts Division, will succeed Song tengming as President and Chief Operating Officer of Cummins, an appointment effective March 1, 2021.
Finance, investment
Barclays
Barclays said ceo Jes Staley decided to resign after being investigated over ties to American billionaire financier Jeffrey Epstein. American billionaire financier Epstein was arrested in July 2019 on child sex trafficking charges and hanged himself a month later in Manhattan federal prison. Staley has been at the helm of Barclays since late 2015. Prior to that, he worked at JPMorgan Chase & Co. for more than 30 years as head of its investment banking division. Barclays said the investigation did not find that Stree "saw or knew of any crimes Epstein was suspected of."
UBS Group
UBS Group appointed Colm Kelleher, a former Morgan Stanley executive, to succeed Axel Weber as UBS's next chairman, putting the Wall Street celebrity to oversee the Swiss bank. Keller, who spent 30 years at Morgan Stanley, left in June 2019 as president of Morgan Stanley. During the 2008 financial crisis, he held positions such as Morgan Stanley's Chief Financial Officer. If elected at the general meeting, Kyler will succeed Weber as Chairman of UBS on 6 April 2022.
Danske Bank
Danske Bank, Denmark's largest bank, announced that its chief executive, Chris Vogelzang, would be replaced after the former ABN AMRO executive was the target of an anti-money laundering investigation in the Netherlands. Vogelzang has been CEO of Danske Bank for less than two years, and his position will be replaced by the bank's risk management chief, Carsten Egeriis, who will become Danske Bank's fourth CEO in less than three years.
Apollo Global Management
Billionaire Leon Black, co-founder of Apollo Global Management, resigned as chairman of the investment giant. The surprise move was the latest example of a governance overhaul set off after Black's relationship with disreputable financier Jeffrey Epstein was exposed. Apollo said co-founder Marc Rowan has officially taken over the title of CEO from Black.
T. Rowe Price Group
T. Rowe Price Group, one of the world's largest fund managers with $1.62 trillion in assets, replaced its chief executive after only five years in office and appointed an insider to take over the role. President Rob Sharps will succeed Bill Stromberg, who plans to retire on December 31 after 35 years at the company. Sharps will become Chairman of the Management Board, join the Company's Board of Directors and serve as President.
KKR
KKR & Co. appointed Joe Bae and Scott Nuttall as co-CEOs, with co-founders Henry Kravis and George Roberts continuing to serve as executive chair of the board. The transition of leadership takes effect immediately. At the same time, the company announced a corporate restructuring and KKR & Co. will merge with KKR Holdings. KKR Holdings is an entity through which certain current and former employees hold interests in KKR & Co. If approved, the restructuring transaction is expected to close in 2022.
Food, consumer goods
ABInbev
Michel Doukeris, the new CEO of ABInbev, the world's largest brewer, officially took office on July 1. On May 6, AB InBev announced that its CEO, Carlos Brito, will end his 15-year tenure and step down on July 1 to be replaced by Deng Mingxiao, the current head of North American operations. Mingxiao Deng served as President of AB InBev China in 2010 and President of Asia Pacific since 2013, making China one of Budweiser's fastest growing markets. Subsequently, he moved to headquarters as Group Chief Sales Officer and thereafter president of North America.
Danone
French food conglomerate Danone announced major adjustments, with Van stepping down as chairman of the board and chief executive officer. The Board of Directors has appointed Gilles Schnepp as Chairman of the Board with immediate effect. Danone announced that Antoine de Saint-Affrique has succeeded Van as CEO. The appointment took effect on 15 September. Previously, he was CEO of the Swiss chocolate company Barry Callebaut since October 2015 and held a number of senior positions at Unilever.
L'oreal Group (L'oreal)
L'oreal's Board of Directors proposes to appoint Nicolas Hieronimus as a director at the Annual General Meeting of Shareholders on 20 April 2021. From 1 May 2021, he will officially succeed Jean PaulAgon as the new CEO of L'Oréal Group. Meanwhile, Angong will no longer hold the positions of chairman and CEO, but will be appointed chairman of the board.
Beiersdorf
Stefan de Loecker, ceo of Nivea maker Beiersdorf, left on June 30, a position taken over by board member Vincent Warnery from May. Vincent Warnery has been a member of Beiersdorf's Executive Board since February 2017 and was responsible for the Eutherin, Hansaplast and Lyperney brands.
Clothing, luxury goods, toys
Inditex
Spanish clothing giant Zara's parent company, Inditex, announced that Marta Ortega, 37, daughter of its founder, Amancio Ortega, will become the company's chairman, succeeding Pablo Isla, 57, effective April 1, 2022. The company also announced the appointment of Oscar Garcia Maceiras as CEO, succeeding Carlos Crespo, effective immediately. Marta's father, Amancio Ortega, 85, is Inditex's largest shareholder, holding a 59 percent stake.
Chanel
French luxury conglomerate Chanel has announced the appointment of former Unilever executive Leena Nair as the brand's new CEO. Previously, the position of CEO of Chanel had been vacant for six years. Leena Nair will officially take up her new role at Chanel at the end of January 2022. Born in India, Leena Nair has been with Unilever for 30 years, most recently as chief human resources officer and member of the Unilever Executive Committee. Chanel also said that Alain Wertheimer, who co-owns the brand with her brother Gerald, will serve as Chanel's global executive chairman.
Hugo Boss
Daniel Grieder, the new CEO of Hugo Boss, has officially taken office and will explore more potential of the brand in a sustainable way in the future. Daniel Grieder, a veteran of Tommy Hilfiger for over 20 years, became CEO of Tommy Hilfiger in 2008 and has extensive experience in shaping and managing luxury brands.
Hasbro
U.S. toy maker Hasbro said the company's chief executive, Brian Goldner, died at the age of 58. Goldner has been Hasbro's CEO since 2008. He joined the company in 2000 and became Chairman of Hasbro's Board of Directors in 2015. Rich Stoddart, who serves as lead independent director of Hasbro's board of directors, was appointed interim CEO while Goldner was on sick leave.
Automotive and Aerospace Defense
Stellantis
The merger of PSA and Fiat Chrysler Automobiles (FCA) was officially completed on January 16, resulting in the merger of a new group: Stellantis. Carlos Tavares, currently CEO of PSA Automotive Group, serves as CEO of Stellantis Group.
Ferrari
Ferrari appointed Benedetto Vigna as its new CEO to fill the vacancy for six months. Wigner, a former EXECUTIVE at STMicrolectronics, joined Ferrari on September 1 to succeed Louis Camilleri, who resigned for personal reasons.
Bosch Group (Bosch)
The Bosch Group embarked on a new major round of management reforms, with CEO Volkmar Denner leaving at the end of the year. Since becoming the group leader in 2012, Dunal has led Bosch's most arduous transformation of the new four modernizations. Although his contract with Bosch will not expire until mid-2022, he will turn 65 by November 2021 and will continue to serve the company as a consultant after leaving. Bosch's new CEO will be Stefan Hartung, 55, who previously headed the group's mobility division. The departure of many executives, such as Dunal, coincided with a critical period of great change in the automotive industry.
Vitesco Technologies
Vitesco Technologies has appointed Siegfried Wolf as chairman. On September 16, powertrain supplier Weipan Technologies will be officially spun off from Continental. On September 7, Weipan Technology announced the specification of the spin-off plan.
MAHLE Group
On March 8, MAHLE Group, a German manufacturer of pistons, air conditioners and filters, announced the termination of its employment contract with The current CEO, Jrg Stratmann, who has only been in service for three years. The vacancy for MAHLE CEO will be temporarily replaced by incumbent Chief Financial Officer Michael Frick and will patiently seek a successor to Jr Stratmann. Jrg Stratmann, who has worked for companies such as Siemens and Continental, took over the MAHLE Group seal from Wolf-Henning Scheider, the current president of ZF, in early 2018.
Safran
Safran's Board of Directors has appointed Olivier Andries as CEO of Safran for a term beginning January 1, 2021. The 58-year-old Anders, who holds degrees from the Ecole Polytechnique and the Ecole Nationale Supérieure des Mines, joined Safran in 2008 as CEO of Turbomeca (now Safran Helicopter Engines), CEO of Safran Aircraft Engines and Executive Vice President of Safran.
Energy chemicals and others
Shell
Royal Dutch Shell has appointed Andrew Mackenzie as its new chairman, with current chairman Chad Holliday stepping down on May 18. Andrew Mackenzie joined Shell's Board of Directors in October 2020 and has extensive experience in the energy, petrochemical and resources sectors, serving as CEO of the BHP Group from 2013 to 2019. From 2004 to 2007, he was Head of Industrial Minerals and Diamonds at Rio Tinto. Prior to that, during his 22-year career at BP, he held senior leadership positions in exploration, research and development and chemicals.
LyondellBasell
LyondellBasell announced that the Board of Directors has appointed Neste President and CEO Peter Vanacker as its new CHIEF Executive Officer. Vanacker will succeed Bhavesh V." Bob" Patel's position, who stepped down from the company on December 31, 2021, as previously announced. Vanacker will take office by June 2022, after meeting the notification period under his current employment agreement, at which time he will also join the Company's Board of Directors. The Board also announced that Kenneth (Ken) Lane will serve as interim CEO after Patel leaves office.
Rio Tinto
Rio Tinto decided to replace Simon Thompson with outgoing Canadian ambassador to China, Dominic Barton, as chairman of the world's second-largest mining company by market capitalization. Mr. Bao has been with McKinsey for more than 30 years, where he has held positions including Global Managing Partner and Head of Asia. Rio Tinto said Bao would join Rio Tinto's board on 4 April 2022 and would be appointed chairman after the Australian general meeting on 5 May. Thompson will leave the board on May 5. Thompson has been a member of Rio Tinto's board of directors since 2014 and has been chairman for four years.
Glencore
Global commodities trading giant Glencore has announced the appointment of veteran miner Kalidas Madhavpeddi as new chairman, completing a series of changes in the company's leadership. Madua Pedy has worked in the mining industry for more than 40 years and was CEO of Lomolybdenum International, the international division of the China Rock Molybdenum Group, for 10 years. This latest appointment concludes the restructuring of Glencore's top management over the past few years. Previously, Gary Nagle succeeded billionaire Ivan Glasenberg as CEO.
Anglo American
Anglo American has announced that Duncan Wanblad has succeeded Mark Cutifani as Global CEO, effective as of the Annual General Meeting on 19 April 2022.
Saint-Gobain
The Board of Directors of Saint-Gobain unanimously decided to appoint Benoit Bazin as Group Chief Executive Officer, effective July 1, 2021. Pierre-Andre de Chalendar will continue to serve as Chairman of the Group's Board of Directors.
The above is our summary of the top level changes in some large European and American companies in 2021, welcome to add content in the message.