Here are just a few of the interesting executive changes making headlines over this past week:
Changes at Top of Delta Air Take Effect
Back in February, major US carrier Delta Air Lines announced that CEO Richard Anderson, nearly a decade in the position, would be stepping down the first week of May. He stays on in Atlanta, however, as the company’s chairman, replacing Dan Carp, who remains a director. The new top exec is former president Ed Bastian, with six years in that role; EVP Glen Hauenstein replaces Bastian as president. Anderson has won much praise over the years for turning Delta into an admired and profitable airline.
Molson Coors Hoists a New CFO
At the end of March, world-class beer maker Molson Coors Brewing poured out the news that it was hiring a new CFO, effective early May. He’s Mauricio Restrepo, who comes on board from Beam Suntory, though he was CFO with the distiller less than two years. Before that, he spent nearly 10 years with SABMiller in charge of finances for large regional units. Restrepo replaces David Heede, who moves on to Europe as a regional head of finance for the American brewer.
Porsche Exec Linked to VW Scandal Resigns
In the continuing saga known as the Volkswagen emissions scandal, another head has rolled, this time in the ranks of VW subsidiary Porsche Automobil. Wolfgang Hatz, the head of Porsche’s R&D and a member of the governing executive board, resigned suddenly after being connected in the press for several months to VW’s troubles. Hatz was suspended from his position back in September. Even though internal investigations hadn’t found any evidence of his being connected to the cheating at the heart of the affair, which also involved some Porsche and Audi models, in the end Hatz found the cloud hanging over him untenable and decided to leave his post.
Look for more Executives on the Move next week!