Here are just a few of the interesting executive changes making headlines over this past week:
Syngenta Gets New Ownership Along with New CFO
Agrochemical giant Syngenta has appointed a new CFO. Current CFO John Ramsay has decided to step down on September 30. He will be replaced by Mark Patrick, a 23-year company veteran. The CFO transition comes hard on the heels of an announcement that the world’s largest agrochemical company will soon be acquired by China National Chemical Corp. for $43 billion. ChemChina is looking to maintain the majority of Syngenta’s current structure, and current CEO Erik Fyrwald is said to be thinking of expanding the company’s operations to include genetically modified organisms.
Tegna Spins Off Two New CEOs
Media company TEGNA (formerly Gannett’s broadcast and digital media branch) announced that its current CEO will retire in mid-2017. Gracia Martore plans to spin off Tegna’s digital jewel in the crown, Cars.com, the second-largest classified web site for auto vehicle sales. Once the spinoff is complete, Tegna’s current media president Dave Lougee will become its CEO. Alex Vetter will be the CEO of the new Cars.com spinoff.
Hormel Foods Encases Its New CEO
Prepared foods conglomerate Hormel Foods is appointing a new CEO effective October 31. Jeffrey Ettinger is retiring and being replaced by James Snee, the current president and COO. Ettinger will continue to serve as the chairman for Hormel’s board. He was initially hired at Hormel in 1989 and held a plethora of job titles from senior attorney and product manager to treasurer and president of Hormel’s Jennie-O turkey subsidiary. Ettinger has held the CEO role for a decade. Snee has been president and COO since October 2015 and, like Ettinger, has also been with the company in a variety of roles since 1989.
Look for more Executives on the Move next week!
Linet Krouse is a SWAT Editor for Hoover’s. Previously, she performed quality assurance for Dun & Bradstreet’s global customer operations. Before joining D&B, Linet’s work experience includes customer service, property management, and benefits administration.