Here are just a few of the interesting executive changes making headlines over this past week:
The Reign of Two Coming to End for Whole Foods
Elite grocery retailer Whole Foods Market recently announced that co-founder John Mackey will become the sole CEO of the company at the end of 2016. A CEO partnership has been in place over the past six years, but with the recent decline in sales and increased competition of upstart rivals, Whole Foods has decided to transition co-CEO Walter Robb into the role of senior advisor and board member. While Robb, co-leader for six years, has effectively helped to grow Whole Foods from 12 to 464 stores over the past 25 years of his employ, in an effort to simplify operations and turn the company around, Mackey will have full control moving forward. The grocer announced simultaneously that longtime CFO Glenda Flanagan will retire next September.
Herbalife Shakes It Up during Recovery
Nutrition and weight management company Herbalife has announced that Michael Johnson will step down from his current role as CEO of Herbalife and become chairman. Current COO Richard Goudis will become Johnson’s successor in June 2017 as part of a preplanned transition. Johnson has been CEO since 2003 and proved pivotal during trying times for the company, which have included an investigation by the FTC questioning Herbalife’s operations. As the company attempts to rebuild following the agreement to pay a settlement totaling $200 million to the FTC, there is speculation surrounding the sudden change of leaders as the company moves forward. Goudis has been with Herbalife for 12 years and also held leadership positions with Rexall Sundown and GNC. The board looks to Goudis to build Herbalife’s employee base and help the company recover.
Third CEO a Charm for Viacom
Viacom recently announced that Robert Bakish will succeed interim president and CEO Tom Dooley. He will be the cable and broadcasting company’s third CEO in less than three months following the ouster of CEO Phillipe Dauman by media tycoon Sumner Redstone. Bakish joined the Viacom team in 1997 and has served as president and CEO of Viacom International Media Networks and its predecessor MTV Networks International since 2007. He has also held leadership positions with Viacom Enterprises and MTV Networks. Given Bakish’s extensive industry experience and the proposed merger of Viacom and CBS, Viacom hopes he will lead the company toward growth.
Look for more Executives on the Move next week!
Laurie Rahn works on the Global Customer Experience team with a primary focus on ensuring data quality and maintaining key business relationships by supporting high-profile accounts within the telecommunications, technology, and strategic national industries. She holds a BA in journalism with a minor in public relations from the University of Texas at Austin. Laurie has been with Dun & Bradstreet for six years and has also worked for IBM and Sears Holdings.