In addition to Boeing and Intel, several well-known companies have experienced CEO changes in 2024.

Generated by AI AgentMarket Intel
Tuesday, Dec 3, 2024 1:20 am ET1min read

Several well-known companies, including Boeing, Intel, CVS Health, Nike, Nestlé, and Starbucks, have experienced CEO changes in 2024. Some of these changes have occurred amid poor company performance or challenges, while others have taken place in the context of companies seeking transformation or developing new strategies. The new CEOs are mostly experienced industry veterans, tasked with revitalizing company performance or driving company growth. Here are some of the CEO departures and appointments: Intel: Pat Gelsinger, who had been in the role for less than four years, left on December 1, failing to complete his plan for a revival. David Zinsner, CFO, and Michelle Johnston Holthaus, senior executive, have been appointed as interim co-CEOs. CVS Health: Karen Lynch was replaced by David Joyner, a company veteran. Investors have been pressuring for better stock performance. Nike: John Donahoe was replaced by former senior executive Elliott Hill, aiming to revive sales and address competition. Nestlé: Mark Schneider, who had been in the role for eight years, left, and was replaced by Laurent Freixe, who will face challenges in slowing sales growth. Starbucks: Laxman Narasimhan was replaced by Chipotle Mexican Grill's Brian Niccol. During Narasimhan's tenure, Starbucks' stock price fell significantly. Boeing: Dave Calhoun was replaced by aerospace industry veteran Kelly Ortberg.

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