Here are just a few of the interesting executive changes making headlines over this past week:
Kirkland Lake Gold Finds a New CEO Prospect after Resignation
Gold producer Kirkland Lake Gold announced this month that its CEO, George Ogilvie, resigned. Ogilvie, who’s been at Kirkland Lake’s helm since 2013, provided no reason publicly for his resignation. He’ll be succeeded by Tony Makuch, president of Canadian operations at Tahoe Resources and former CEO of Lake Shore Gold (acquired by Tahoe Resources in 2016). In 2015 Kirkland Lake Gold’s revenue was down 41% from 2014 and its net income fell a disappointing 68%.
Hanesbrands Changes Its CEO
This month Hanesbrands CEO Richard Noll announced he is stepping down in October. Noll, who will stay on as chairman, has led the company since it spun off from consumer goods manufacturer Sara Lee in 2006 and began life as a stand-alone public company. Noll will be succeeded by Hanes COO Gerald Evans. Evans has served in various leadership roles at the company, including president, international and other Hanesbrands division president roles. A Hanes vet, Evans has held other leadership positions at Hanesbrands and at its Sara Lee-owned predecessor company since the late 1990s.
After Six-Month CMO Search, Kimberly-Clark Promotes from Within
Scott Usitalo, president of Kimberly-Clark’s family care business in North America, was named the company’s next chief marketing officer. Usitalo succeeds Clive Sirkin, who left the consumer products manufacturer in December 2015 to join food giant Kellogg. Prior to joining Kimberly-Clark in 2008, Usitalo spent 24 years at rival Procter & Gamble, where he served in a number of marketing and brand management leadership positions.
Look for more Executives on the Move next week!