Boardroom Alpha provides in-depth analytics and tracking of all public company executives and officers. Below is a rundown of select CEO moves made in October, the first of a now monthly series. Get a demo today to see how you can receive real-time alerts and in-depth analytics.
Ford Motor Company (F)
“Making the C.E.O. change now could be viewed as Ford is ready to move faster, more aggressively”.
Evolent Health (EVH)
Seth Blackley started as CEO of Evolent Health ( (EVH) - Get Report) after being announced this past summer. He replaced Frank Williams (D). This comes amidst an agreement from earlier this year for Evolent to spin off significant assets like the Passport Health Plan.
Tyson Foods (TSN)
Samuel D Banks Jr. started as CEO of Tyson Foods ( (TSN) - Get Report) after being announced this past summer. He replaced Noel White (C). Banks’ background in technology and healthcare, working at Google and as a healthcare investor gave Tyson leadership confidence he was best suited for the job
“In April, we elevated Shankh to the roles of Vice Chair and COO with the intent that he would ultimately succeed Tom as CEO. We have the utmost confidence in Shankh’s strategic vision and leadership”
Amalgamated Bank (AMAL)
[Mestrich] “leaves the bank with a deep and capable leadership team, and, as shown by preliminary [third-quarter] earnings … in a position of strength”
Interpublic Group of Companies (IPG)
Interpublic Group of Companies ( (IPG) - Get Report) announced Michael I Roth (B+) will relinquish his position as CEO January 1st, 2021 and become executive chairman of the board. He will be replaced by his chosen successor Philippe Krakowsky, an IPG veteran of 18 years.
Moody’s Corporation (MCO)
Moody’s Corporation ( (MCO) - Get Report) announced Ray W McDaniel (C+) will relinquish his position as CEO January 1st, 2021 and become non-executive chairman of the board. He will be replaced by Robert Fauber.
“Today’s announcement is the result of a thoughtful and deliberate planning process that will allow Rob to move seamlessly into his new role as CEO”
TCF Financial Corporation (TCF)
TCF Financial Corporation ( (TCF) - Get Report) announced the retirement of Craig R Dahl (D). He will be replaced by David Provost (C-). This succession plan comes on the heels of a successful merger with Chemical Bank this past summer
American Insurance Group (AIG)
NantkWest ( (NK) - Get Report) CEO Patrick Soon-Shiong (F) stepped down. He was replaced by Richard Adcock. Billionaire Shoon-shiong still remains executive chairman and majority shareholder of the biotech start up, but may not have had the time required of a CEO
Synalloy Corporation (SYNL)
Synalloy Corporation ( (SYNL) - Get Report) announced CEO Craig C Bram (B-) will step down, effective November 9th, 2020. Christopher Hutter will be interim CEO. This move follows failed takeover attempts this past summer
Ecolab ( (ECL) - Get Report) announced CEO Douglas M Baker (C+) will step down, effective January 1st, 2021. He will be replaced by Christophe Beck. After increasing Ecolab’s market capitalization by a factor of 8 during his tenure, Baker was able to select his preferred successor in Beck.
FirstEnergy Corporation (FE)
FirstEnergy Corporation ( (FE) - Get Report) fired CEO Charles E Jones (C). He will be replaced in the interim by President Steven E Strah (A). Jones and other senior executives were terminated after a bribery scandal.
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