CEO Explainers

Freudenberg Medical, a leading global partner in the design, development, and manufacturing of medical devices and biopharma solutions, has announced a strategic leadership transition. Effective January 1, 2025, Michael McGee has stepped into the role of Chief Executive Officer, succeeding Dr. Mark Ostwald, who has transitioned to another leadership position...

Duke Energy Corp. has announced that CEO and board chair Lynn Good will retire on April 1, paving the way for Harry Sideris, a 29-year veteran of the company, to assume the top leadership role. Good has led the Charlotte-based energy giant since July 2013, during which time the company’s...

Clayco, a prominent design-build firm, has announced the retirement of its long-serving CEO, Russ Burns, effective December 31, 2024. After more than 17 years with the company, Burns will transition to the role of Chairman of the Board of Advisors, where he will continue to provide strategic guidance and expertise...

Italy's largest bank, Intesa Sanpaolo, has completed its first proprietary bitcoin trade, investing $1.03 million into the world's leading cryptocurrency, according to an internal memo. The document, which Reuters reviewed, revealed that the bank now owns 11 bitcoin as of January 13, 2025. Intesa launched a proprietary trading desk for...

United Spirits, the Indian subsidiary of global liquor giant Diageo, announced on Monday that Praveen Someshwar, the current CEO of HT Media, would take over as managing director and CEO, effective April 1. Someshwar is set to succeed Hina Nagarajan, who will transition to a position on Diageo's global executive...

The leadership at Sonos has undergone a dramatic shift as CEO Patrick Spence steps down following a tumultuous year marked by customer dissatisfaction and falling revenues. Spence, who spearheaded the rollout of a redesigned Sonos app in May 2024, faced widespread criticism as the app failed to meet expectations, leading...

Garanti BBVA Crypto Asset Trading Platform, a subsidiary of the Garanti BBVA Group, has announced a leadership change with Korcan Abalı stepping down as CEO and Onur Güven set to take over the role. Güven brings extensive experience in financial technology and digital assets, having held senior positions at several...

Jim Williamson has been named the acting Chief Executive Officer of Everest Group and has also joined the Bermudan company’s Board of Directors. His promotion comes in the wake of Juan C. Andrade’s departure, who had served as Everest’s President and CEO since 2020. Williamson’s tenure with Everest began in...

Serco Group plc (LON:SRP), a global provider of services to governments, has announced the upcoming retirement of Mark Irwin and the appointment of Anthony Kirby as Group Chief Executive designate. After 12 years with the company, Irwin informed the Board of his decision to retire and will officially step down...

Krista Halttunen, PhD, has been appointed as the inaugural CEO of Halton Group’s parent company, Halton Ventures. Her primary responsibility will be to transform Halton Ventures into an active and proficient owner, investor, and appealing partner for business development. Halton Ventures focuses on investments in startups, innovative solutions, and funds...