Several prominent companies will ring in the new year with a new CEO officially taking over on New Year’s Day.
Corporate succession planning can be a tumultuous process, and the turn of the calendar year presents a direct opportunity for a company’s new leadership to hit the ground running at the beginning of the year.
Krispy Kreme, Morgan Stanley and Sherwin-Williams are among the notable companies that will have new CEOs taking the helm starting January 1, 2024. Here’s a look at the three newly appointed CEOs.
Krispy Kreme
Popular donut chain Krispy Kreme welcomes Josh Charlesworth as the company’s new president and CEO. Charlesworth replaces Michael Tattersfield, who served as CEO from 2017 to 2023 and will remain on the company’s board of directors as a senior advisor and brand ambassador as part of Krispy Kreme’s succession plan.
Krispy Kreme welcomes Josh Charlesworth as its new CEO. Charlesworth succeeds Michael Tattersfield. (Photo Illustration by Justin Sullivan/Getty Images)
Tattersfield said in a press release that he “couldn’t be happier to transition the CEO role to Josh,” adding, “Transforming the Krispy Kreme brand and culture has been a highlight of my career, and I’m truly grateful for our amazing Krispy Kremers.” who continue to inspire me. “Josh’s shared passion for the brand, our Krispy Kremers and our incredible donuts gives me the utmost confidence in our continued success and I look forward to seeing all he will accomplish.”
Krispy Kreme welcomes Josh Charlesworth as its new CEO. Charlesworth succeeds Michael Tattersfield. AFP via Getty Images
Charlesworth joined Krispy Kreme in 2017 and most recently served as the company’s global president and chief operating officer. He previously served as chief financial officer of Krispy Kreme. He said it is “an honor and a privilege” to lead Krispy Kreme, adding: “Together, we will continue to make fresh, fantastic donuts that are conveniently available to more and more consumers around the world.”
Morgan Stanley
Financial services and investment banking giant Morgan Stanley will welcome co-chairman Edward “Ted” Pick as its new CEO effective January 1, when he will also join the firm’s board of directors. Pick succeeds James Gorman as CEO of Morgan Stanley following Gorman’s announcement at the company’s 2023 annual general meeting of shareholders that he intended to resign.
Ted Pick, incoming CEO of Morgan Stanley. REUTERS
Gorman joined Morgan Stanley in 2006 and was promoted to CEO on January 1, 2010, and will move to the role of Executive Chairman. He said in a news release that he worked with the board for several years to ensure an orderly transition and said the board’s “selection of Ted Pick is outstanding.”
“Morgan Stanley is a historic institution and I am deeply honored to have been chosen to lead it,” Pick said. He added: “Thanks to James’ excellent leadership, our company is now well positioned to succeed in all market cycles and I am excited about the opportunities for future growth.”
Sherwin-Williams
Heidi Petz will be the new CEO of Sherwin-Williams, succeeding John Morikis. Christopher Sadowski
Sherwin-Williams, a leader in the manufacture, development, distribution and sale of paints and coatings, named Heidi Petz as the company’s new CEO, effective January 1, 2024. Petz has served as president and chief operating officer of the company for the past two years and first joined the company in 2017 following Sherwin-Williams’ acquisition of Valspar.
Morikis said of her successor: “Heidi has been an invaluable member of my leadership team, demonstrating a track record of driving growth and operational excellence that has generated greater value for our customers, shareholders and employees. “With this transition, Heidi becomes just the 10th CEO in the company’s 157-year history.”
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Source: vtt.edu.vn