Here are just a few of the interesting executive changes making headlines over this past week:
New CEO to Take Power at PG&E
California utility giant PG&E made the announcement that it has chosen a new president and CEO to take the position next March. She’s Geisha Williams, currently president of electric at subsidiary Pacific Gas and Electric, a post she’s held since last year; Williams has been with PG&E for about a decade. Vacating the top spot is Tony Earley, who’s been on the job for five years; he will remain as chairman of PG&E’s board. When these changes transpire next year, Nick Stavropoulos, currently president of gas at the subsidiary, will take the unified presidency along with the COO position at Pacific Gas and Electric.
Nasdaq Trades Hands at Top Post
Leading floorless stock exchange Nasdaq will be ushering in a new CEO along with the new year. She’s Adena Friedman, who presently serves as president and COO at the security trader. Friedman joined Nasdaq in 1993 and served as CFO for more than a year before leaving in 2011 for the same post with The Carlyle Group. Then she returned to Nasdaq in 2014 and the next year filled her current slot. Present officeholder Bob Greifeld has been CEO since 2003; he will become chairman of the exchange, replacing Borje Ekholm, who also steps down in January.
SEC Head to Step Down
The chair of the US Securities and Exchange Commission, Mary Jo White, divulged her plans to leave the agency that regulates the nation’s securities trading at the end of President Obama’s administration in January. She has an additional three years to go on her appointed term, but the resignation clears the way for the new president to set a new path for overseeing Wall Street. White, who took office in 2013, had previously spent several years as a federal prosecutor, including about a decade as US attorney for the district centered on New York City.
Recap of the Selection of the Government’s Top Exec
In the 58th consecutive quadrennial presidential election since the nation’s founding, Republican Donald Trump, chairman and president of The Trump Organization, defeated Democrat Hillary Clinton, former US senator and secretary of state. It was the first time in more than a century that both major-party candidates were private citizens, neither of them a current government official. It was also the fourth time since 1876 that a candidate won the popular vote but lost the electoral count (the Democrat was the losing aspirant in each case). Trump, at 70 the oldest person to take the office, becomes the 45th president on January 20, replacing Barack Obama, the third president in a row to serve for eight years.
Look for more Executives on the Move next week!
John Willis has been an editor at Hoover’s/Dun & Bradstreet for more than two decades. He mainly polishes up others’ writing but occasionally adds, then edits, his own words in Executive on the Move blog posts.