Quarter one is coming to an end, and many corporations are making changes. Today, Chief Executives Council will focus on 14 CEOs that have accepted new positions this past month.
Ally Financial Names Michael Rhodes as New CEO
Ally Financial Inc. announced that Michael G. Rhodes will be its new Chief Executive Officer, starting at the company on April 29, 2024. He will also be appointed as a member of Ally’s board of directors at that time. Rhodes most recently served as CEO of Discover Financial Services and was a member of the company’s board of directors. He additionally held the role of President of Discover Bank and sat on the Bank’s board of directors.
Shake Shack Names Rob Lynch as New CEO
Rob Lynch is leaving his role as CEO of Papa Johns to take on the same position at Shake Shack, effective May 20. Lynch succeeds Randy Garutti, who announced his intentions to retire in December after leading the company for more than two decades. Garutti will transition as an advisor in May to ensure a smooth transition.
Aston Martin Names Adrian Hallmark as New CEO
Adrian Hallmark, the experienced autos leader of Bentley, has been appointed as new chief executive officer of fellow British luxury automaker Aston Martin. The 61-year-old will start in his new role no later than Oct. 1, the company announced.
3M Names Bill Brown as New CEO
Chief Executive Mike Roman will hand off his role to an outsider as the manufacturer grapples with costly litigation and weak consumer spending. The company said it hired as its next chief executive Bill Brown, who previously led Florida-based defense contractor L3Harris Technologies. Roman, who has served as CEO since 2018, will become 3M’s executive chairman.
Agility Robotics Names Peggy Johnson as New CEO
Agility Robotics, the Corvallis, Ore.-based humanoid maker with a robot testing space and offices in Lawrenceville, announced that Peggy Johnson, a former Microsoft executive, will take over as CEO.
Microsoft Names Mustafa Suleyman as New CEO of AI
Microsoft added some big names to its AI leadership with the hiring of Mustafa Suleyman, the co-founder of DeepMind and a former Google vice president of artificial intelligence, to lead a new organization called Microsoft AI.
Allbirds Names Joe Vernachio as New CEO
Allbirds announced that Joe Vernachio, its current chief operating officer, would become its new chief executive and a board member, a move that will expand the size of the company’s board to eight members. He will succeed co-founder and current CEO Joey Zwillinger. Zwillinger will remain on the company’s board.
Hertz Names Gil West as New CEO
Stephen Scherr, a retired Goldman Sachs Group Inc. banker, is stepping down as Hertz’s CEO at the end of the month. He’ll be succeeded by Gil West, who served as chief operating officer at Delta DAL and the general manager of GM’s GM Cruise autonomous-driving unit.
Three Dog Brands, LLC Names Kristi Ross as New CEO
Three Dog Brands, LLC (“TDB”), a Topspin Consumer Partners portfolio company, is thrilled to announce that Kristi Ross has been appointed as the company’s new Chief Executive Officer. Kristi brings more than 25 years of leadership experience in pet care and consumer packaged goods.
Under Armour Names Kevin Plank as New CEO
Under Armour announced a CEO transition, with Stephanie Linnartz stepping down from the position after little more than a year in the role. Founder Kevin Plank will take the reins from her on April 1.
State Farm Names Jon Farney as New CEO
State Farm President Jon Farney has been selected as the company’s next Chief Executive Officer by the State Farm Mutual Board of Directors. Farney will formally begin his role on June 1. The announcement was shared by Chairman and retiring CEO Michael Tipsord.
ESPN-Fox-WBD Names Pete Distad as New CEO
The new sports streaming partnership among Disney’s ESPN, Warner Bros. Discovery, and Fox just found its new CEO: former Apple and Hulu executive Pete Distad. Distad, who most recently served as an executive at Apple for a decade following six years at Disney’s Hulu, will assume oversight of all aspects of the joint venture, including overall strategy, distribution, marketing, and sales.
Geisinger Names Terry Gilliland, MD, as New CEO
Terry Gilliland, MD, has been named the new president of Geisinger Health, and he’s going to get another title in the near future. Geisinger also announced that Gilliland will serve as the next chief executive officer of the Pennsylvania health system. He will succeed Jaewon Ryu as CEO when Ryu moves into the role of CEO of Risant Health.
Kraus-Anderson Cos. Inc. Names Peter Diessner as New CEO
Kraus-Anderson Cos. Inc. named its first new CEO in nearly 30 years. Bruce Engelsma, the chief executive of the real estate developer since 1997, is stepping down to make way for Peter Diessner. But the position is still staying in the family for a “third generation of leadership,” per Engelsma.
Additional CEO’s on the Move
CEO’s on the Move – February 2024
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