Here are just a few of the interesting executive changes making headlines over this past week:
Disney’s COO Sees No Sign of Promotion, Moves On
More than a year ago, longtime Walt Disney veteran Tom Staggs took on the COO role at the entertainment conglomerate and was immediately seen as the heir apparent to CEO Bob Iger, whose term of office expires in two years. His having held the CFO post as well for 11 years helped make Staggs seem the natural candidate for the top post. Last week, however, he took himself out of the running and announced plans to step down from the #2 position next month and leave Disney altogether in September. Word is that Staggs asked the Disney board for clear indication that the promotion would be forthcoming and didn’t receive it. He then decided to seek his fortunes outside the Magic Kingdom.
PulteGroup’s CEO Gives Year’s Notice
Richard Dugas has been CEO at homebuilder PulteGroup since 2003 and chairman since 2009. He’s been with the company for more than two decades and been a big part of its becoming one of the largest construction businesses in the US during that period. Just barely 50, Dugas is hardly at retirement age, but he announced last week that he is stepping down from both positions in May 2017, giving the board plenty of time to seek a successor. The Pulte family, which still holds a lot of influence on the board, is said to have pushed for the leadership change.
At AngioDynamics, A Speedier Change of the Guard
Medical instrument manufacturer AngioDynamics has introduced a new CEO, James Clemmer, effective immediately. He takes the place of Joseph DeVivo, who held the post for five years and wanted a change of focus. Clemmer held until recently a top slot at Covidien plc, an Irish medical-device company acquired last year by Medtronic.
Look for more Executives on the Move next week!