Here are just a few of the interesting executive changes making headlines over this past week:
AIG’s CEO Resigns but Stays On a While
At über-insurance firm American International Group, the two-year holder of the top exec’s office, Peter Hancock, has announced his imminent departure as president and CEO. He joined the company in 2010 as an EVP. But with no one yet found, even on an interim basis, to take over from Hancock, he has agreed to stick around until his successor is chosen. AIG has staggered in recent years from being practically a poster child for the financial ills that led to the Great Recession through a drastic reorganization to continued trouble in finding its footing.
Nu Skin Layers a CFO Along with New CEO
Early in the week Ritch Wood took over as CEO at cosmetics maker Nu Skin Enterprises from Truman Hunt, who was raised to vice chairman, a move heralded last December. Wood had been the company’s CFO for 14 years. This week word came that his replacement had been secured. The new CFO is Mark Lawrence, who has worked in recent years for Amazon and Brocade Communications. Nu Skin has long-standing connections to the Church of Jesus Christ of Latter-Day Saints; Hunt stepped out of the executive suite to take on a mission for the church.
Interserve Looks a Half-Year Ahead
British construction and site services provider Interserve Plc is taking a long-term view in its look for a new CEO. The stand-in for outgoing head exec Adrian Ringrose has been found but won’t be taking his place until September. She’s Debbie White, presently a division leader with foodservice provider Sodexo. White has worked at Sodexo for a dozen years, about the same period that Ringrose has been leading Interserve. She’s also worked in various positions at AstraZeneca and PricewaterhouseCoopers.
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.