Here are just a few of the interesting executive changes making headlines over this past week:
Nestlé Plans Ahead for Change at the Top
Food-and-drink titan Nestlé displayed in a recent announcement the sort of orderly and well-planned change in the boardroom befitting its global brand. Its septuagenarian chairman, Peter Brabeck-Letmathe, will be retiring, come April 2017, having spent just short of a half-century with the company and more than 10 years as CEO and later chairman. Current CEO Paul Bulcke will step away after eight years in that position and become chairman at the turn of the year. At the same time, newcomer Ulf Schneider, currently CEO of Fresenius Group, will fill the top executive post for Nestlé after 13 years heading the medical-equipment maker.
Honeywell Prepares for Changes Down the Line
On this side of the ocean, industrial conglomerate Honeywell is also making long-range plans for a change in the highest executive spot. At the end of next March, chairman and CEO David Cote will relinquish the latter designation but stay as chair for another year. Taking over from Cote in 2017 will be current president and COO Darius Adamczyk. He has only held that post for a few months but occupied other division presidencies since 2008. Cote has been in his current positions since 2002.
Walmart Canada Finds New CEO
North of the border, discount chain Walmart Canada announced the same sort of change at the top but on more traditional, shorter notice. A few weeks ago news came that current president and CEO Dirk Van den Berghe would be transferred by the company’s behemoth parent in mid-August to become the head of operations in China as well as the rest of Asia after two years leading the Canadian business. This week’s news is that Van den Berghe’s replacement at that time will be present COO Lee Tappenden. He has also had international experience with Walmart (in Japan) and has worked mainly in merchandising.
Look for more Executives on the Move next week!