Leadership Change in the S&P500

Who is leaving?

• Li Haslett Chen has departed from the Warner Bros. Discovery (WBD) Board of Directors. "

Who is stepping up?

• Anthony J. Noto joined the WBD Board on January 8, 2025. He brings over two decades of leadership experience in media, technology, and finance, including roles at SoFi, Twitter, and Goldman Sachs. " "
• Joseph (Joey) Levin will join the Board on February 1, 2025. He has extensive experience in digital media and commerce, having served as CEO of IAC and led multiple strategic transactions. " "

Why?

• The appointments follow a comprehensive search process to enhance the Board with leaders who bring fresh perspectives and expertise in driving growth, innovation, and shareholder value. "

Jim Williamson has been appointed as the Acting Chief Executive Officer (CEO) of Everest Group, Ltd. ("Everest") and has also joined the Board of Directors. This change was disclosed in a filing on January 8, 2025. Williamson will receive an additional stipend of $25,000 per month during his tenure as Acting CEO, effective January 13, 2025. " "

Daniel Pinto is leaving his role as President and Chief Operating Officer of JPMorgan Chase, effective June 30, 2025, as he plans to retire at the end of 2026. He will continue to serve as Vice Chairman, advising on key projects and client relationships. " " Jennifer Piepszak has been appointed as the new Chief Operating Officer, effective immediately. She will manage various corporate functions and oversee global corporate centers. " Doug Petno will succeed Piepszak as Co-Chief Executive Officer of the Commercial & Investment Bank, and John Simmons will take over Petno's previous role. "

Edward Screven is leaving Oracle Corporation after 38 years, having served as Executive Vice President and Chief Corporate Architect. He announced his intention to retire by the end of February 2025. Reason for leaving: Retirement. Transition: He will assist in the transition of his duties until his retirement and will continue to represent Oracle on the Board of Directors of Ampere Computing Holdings LLC. "

Andrew Archambault, President of U.S. Refreshment Beverages at Keurig Dr Pepper (KDP), has resigned effective January 13, 2025. He will remain with the company until January 31, 2025, to assist with the transition. Archambault is leaving to pursue an opportunity outside the company. "

Who is leaving?

• Lynn Good, the current Chair and CEO of Duke Energy, is retiring effective April 1, 2025. Her departure is not due to any disagreements with the company. " "

Why?

• Lynn Good is retiring after more than two decades with Duke Energy, including 11 years as CEO, during which she transformed the company into a leading regulated utility. " "

Who is stepping up?

• Harry Sideris, a 29-year veteran of Duke Energy, will become the new President and CEO and join the Board of Directors, effective April 1, 2025. " "
• Ted Craver, currently the Lead Independent Director, will become the Independent Chair of the Board of Directors, also effective April 1, 2025. "

Who is leaving? Hugh S. 'Beau' Cummins III, Vice Chair and Chief Operating Officer of Truist Financial Corporation, is resigning effective immediately due to material changes in his responsibilities following strategic initiatives. "

Why? His resignation qualifies as 'Good Reason' under Truist's severance plan, entitling him to specific benefits. "

Who is stepping up? Kristin Lesher, Senior Executive Vice President and Chief Wholesale Banking Officer, will manage the enterprise payments business. Michael B. Maguire, Senior Executive Vice President and Chief Financial Officer, will take over Cummins' other responsibilities. "

Who's Leaving: David G. Harris, Executive Vice President and Chief Corporate Development Officer, is leaving Devon Energy. His position is being eliminated effective February 10, 2025. He will assist with the transition until then and is eligible for a severance package, including a lump-sum payment and accelerated vesting of long-term incentives. "

Why: The company decided to eliminate his position as part of organizational changes. "

Who's Stepping Up:

• Thomas J. Hellman will become Senior Vice President, E&P Operations, effective January 20, 2025. He will oversee drilling, completions, and other operational teams. " "
• John D. Raines will become Senior Vice President, E&P Asset Management, effective February 8, 2025. He will manage business units and regulatory teams. "

Departure: Lawrence Gatta, Jr. is stepping down as Chief Merchandising Officer—Family Dollar at the end of fiscal year 2024. Reason: No specific reason provided, but he will support the company's strategic review of the Family Dollar segment. Successor: Not mentioned. "

Julie Brandt is leaving her role as Vice President and President, Building Solutions North America, to become Vice President and President, Global Field Operations. Nathan Manning is stepping up to take over her previous position as Vice President and President, Building Solutions North America. This transition is part of the company's initiatives to drive simplification and growth and is effective immediately. "

Who is leaving:

• Sally W. Crawford: Retiring from the Board after 17 years of service. Her decision is unrelated to any disagreements with management or the Board. "
• Scott T. Garrett: Reaching the retirement age as per the company's Corporate Governance Guidelines and will not be re-nominated. "

Why:

• Sally W. Crawford is retiring voluntarily after long service. "
• Scott T. Garrett is stepping down due to reaching the mandatory retirement age. "

Who is stepping up:

• The Board size will be reduced to eight directors following these departures. "

Who is leaving? Byron Jeffers is transitioning from his role as Vice President, Global Controller and Chief Accounting Officer to become Vice President, Treasurer, and Head of Investor Relations at First Solar.

Why? The company has appointed Nathan Theurer as the new Vice President, Global Controller, and Chief Accounting Officer, effective January 6, 2025, as part of an internal restructuring.

Who is stepping up? Nathan Theurer, who has been with First Solar since 2014 and previously served as Corporate Controller, is stepping into the role of Vice President, Global Controller, and Chief Accounting Officer. "

Priya Aiyar is leaving American Airlines to pursue a similar role outside the airline industry. Bruce Wark has been named as the Interim Chief Legal Officer. He has extensive experience with the airline, having joined in 1993 and most recently serving as Senior Vice President and Deputy General Counsel. "

Ronald S. Lauder is retiring from the Board of Directors of The Estée Lauder Companies Inc., effective January 10, 2025. His decision to retire is not due to any disagreements with the company. He will continue as Chairman of Clinique Laboratories LLC. Eric Zinterhofer has been elected as a Class II director to replace Mr. Lauder. Mr. Zinterhofer is a Founding Partner of Searchlight Capital Partners and has extensive experience in private equity. "

Who is leaving? No one is leaving at this time.

Who is stepping up? Pamela L. Spikner has been appointed as Senior Vice President, Chief Accounting Officer, and Controller of BD, effective January 20, 2025. She will take over as the company's principal accounting officer after the filing of the Form 10-Q for the quarter ending December 31, 2024. " "

Why? Pamela Spikner's appointment is based on her 25+ years of expertise in corporate finance and accounting, including leadership roles at R1 RCM, Exelon Corporation, and Hill-Rom Holdings. She is recognized for her ability to lead high-performing teams and her deep knowledge of financial reporting and compliance. " "

Tammy Romo is leaving her position as Executive Vice President & Chief Financial Officer of Southwest Airlines, effective April 1, 2025. Linda Rutherford is also resigning from her role as Chief Administration Officer, effective the same date. Both are retiring after long tenures with the company. Southwest Airlines will begin a search for Romo's replacement. " "

Ford Tamer is leaving Teradyne, Inc. as he has been appointed as the CEO of Lattice Semiconductor Corporation. His departure is not due to any disagreement with Teradyne's Board or management. He will serve until the 2025 Annual Meeting in May. "

Who is leaving? Juan C. Andrade, President and CEO of Everest Group, is stepping down to pursue a new role as CEO of a financial services firm. " "

Why? Andrade is leaving to take on a new opportunity in the financial services sector. "

Who is stepping up? Jim Williamson, previously Executive Vice President and COO, has been appointed Acting CEO and a member of the Board of Directors, effective January 8, 2025. " "

Who is leaving? Bhavesh (Bob) V. Patel, a Director at Halliburton, has decided not to stand for re-election and will retire early to pursue other opportunities. He will remain in his role until May 21, 2025, when his term ends. "

Why? His decision is personal and not due to any disagreements with Halliburton's operations, policies, or practices. "

Who is stepping up? No successor has been announced yet. "

Daniel K. Schlanger, the Executive Vice President and Chief Financial Officer of Crown Castle Inc. (CCI), will step down effective March 31, 2025. This qualifies as a 'Qualifying Termination' under his severance agreement, making him eligible for specific payments and benefits. "

No information about a successor has been provided in the documents.

Randy Lentz is leaving his position as CEO of Medallion Midstream to become the Executive Vice President and Chief Operating Officer at ONEOK. Sheridan C. Swords is stepping up to the newly created position of Executive Vice President and Chief Commercial Officer at ONEOK. These appointments are effective immediately as of January 6, 2025. " "

Who is leaving? Charles E. Zebula, the current Executive Vice President and Chief Financial Officer of AEP, is stepping down from his role effective January 19, 2025. He will transition to the role of Senior Advisor to the CEO until his retirement in March 2025. " "

Why is he leaving? Zebula is retiring after more than 25 years of service at AEP. His transition to an advisory role ensures a smooth handover of responsibilities. " "

Who is stepping up? Trevor I. Mihalik has been elected as the new Executive Vice President and Chief Financial Officer, effective January 20, 2025. Mihalik brings over 34 years of experience in the energy industry, including leadership roles at Sempra and other major companies. " " "

Eugene M. Noel is leaving his current position as Executive Vice President and President of the U.S. Tower Division to become the Executive Vice President and Chief Operating Officer of American Tower Corporation, effective January 13, 2025. This is a newly created global position aimed at overseeing the company's global operations and IT to drive operational efficiency and enhance customer service. " " Richard Rossi will step up to replace Mr. Noel as the Executive Vice President and President, U.S. Tower, also effective January 13, 2025. Mr. Rossi has been with the company since 2001 and has held various leadership roles. " "

Who is leaving: Mr. Alwyn Dawkins, Executive Vice President, Global Business Sales at Gartner, Inc., is stepping down effective January 6, 2025, due to his retirement. He will remain with the company until at least March 31, 2025, to ensure a smooth transition.

Why: His departure is connected to his retirement, and there is no disagreement with the company regarding strategy, financials, or business practices.

Who is stepping up: The document does not specify who will take over Mr. Dawkins' responsibilities at this time. "

Dave Kimbell is retiring as CEO of Ulta Beauty after an 11-year tenure. Kecia Steelman will step up as the new President and CEO, effective January 6, 2025. Kimbell will remain as an advisor until June 28, 2025. " "

Who's leaving?

• Eric Roegner, previously President of Amcor Rigid Packaging, has transitioned to the role of Executive Vice President, Integration and Special Projects, effective January 1, 2025. He no longer serves as an executive officer of the company. "

Why?

• This change is part of a strategic initiative to leverage Mr. Roegner's expertise in closures and containers for the integration with Berry Global. "

Who's stepping up?

• Rodrigo Lecot has been appointed as Interim President, Amcor Rigid Packaging, effective January 1, 2025. "

Who is leaving: Ms. Andrea DeMarco, President of Regent Seven Seas Cruises, is stepping down from her role.

Why: Her departure is in connection with the appointment of Mr. Jason Montague as Chief Luxury Officer.

Who is stepping up: Mr. Jason Montague will assume the role of Chief Luxury Officer, effective February 17, 2025. Additionally, Mr. Frank A. Del Rio, President of Oceania Cruises, will report to Mr. Montague. "

Vincent Clancy is joining the CBRE Board of Directors. He is the CEO and Chair of Turner & Townsend, which has been a majority-owned subsidiary of CBRE since 2021. Clancy has been with Turner & Townsend since 1989 and has led the company to significant growth. Under his leadership, the company's revenue increased from $225 million in 2008 to over $1.9 billion in 2023. Clancy's appointment follows the completion of CBRE's plan to combine its project management business with Turner & Townsend, creating a unified project management business. " "

Who is leaving? Luca Maestri, Apple’s Chief Financial Officer, has stepped down as part of a planned transition.

Why? This is part of Apple’s previously announced CFO transition plan.

Who is stepping up? Kevan Parekh has been appointed as the new Senior Vice President and Chief Financial Officer, effective January 1, 2025. He has been with Apple since 2013 and previously held roles such as Vice President of Financial Planning and Analysis and Vice President of Finance for Sales, Marketing, and Retail. "

Departures and Promotions at Welltower Inc.:

• Nikhil Chaudhri has been promoted to Co-President & Chief Investment Officer. He previously served as Executive Vice President – Chief Investment Officer and has been with Welltower for nearly a decade, overseeing significant global capital deployment. "

• Tim McHugh has been promoted to Co-President & Chief Financial Officer. He joined Welltower in 2016 and has been instrumental in strengthening the company's balance sheet. "

• John Burkart has been promoted to Vice Chairman & Chief Operating Officer. He joined Welltower in 2021 and has driven significant structural changes within the company. "

• Matthew McQueen has been promoted to Chief Legal Officer. He has been with Welltower since 2015, providing critical guidance on global transactions and strategic direction. "

• John Olympitis has been promoted to Executive Vice President – Head of Corporate Development. He has been with Welltower since 2015, leading business development and relationship management functions. "

• Edward Cheung has been promoted to Executive Vice President – International Investments, overseeing the company's offices in Toronto and London. "

• Patrick Keppenne has been promoted to Senior Vice President – Investments, leading critical equity, debt, and mezzanine transactions. "

Rachel Pyles and Walter Hearn are leaving ANSYS, Inc. due to the merger with Synopsys, Inc. They are receiving accelerated vesting of their restricted stock units to mitigate tax impacts. Rachel Pyles will receive 11,186 shares, and Walter Hearn will receive 19,539 shares. This is part of a strategy to preserve tax deductions and reduce potential excise taxes. "

Thomas P. Werner is stepping down as President and CEO of Lamb Weston Holdings, Inc. on January 3, 2025. He will transition to a non-executive role as a Special Advisor until August 31, 2025 " " . Michael J. Smith will succeed him as the new President and CEO, effective the same date. Smith has been with the company since 2011, most recently serving as Chief Operating Officer " .

Stephen Luczo is leaving the Board of Directors of Morgan Stanley, effective December 31, 2024, due to personal reasons. His departure is not related to any disagreements with the company. With his resignation and the previously announced retirement of Mr. Gorman, the Board will reduce its size from 15 to 13 directors starting January 1, 2025 " .

Departure and Appointment at Expedia Group: Julie Whalen is stepping down as Chief Financial Officer (CFO) of Expedia Group. Scott Schenkel has been appointed as the new CFO, effective after the company files its Annual Report for the fiscal year ending December 31, 2024, which is expected around February 7, 2025. Reason for Change: The transition is part of a planned succession to ensure a smooth handover of responsibilities " " .

Christopher Kuehn has been elected to the Celanese Corporation Board of Directors, effective January 1, 2025. He is currently the Executive Vice President and Chief Financial Officer of Trane Technologies plc. Kuehn will serve on the Board until the 2025 Annual Meeting of Shareholders and will be a member of the Audit Committee " " .

Departures: Roger W. Ferguson, Jr., John Davidson, and Christina Gold will not stand for reelection at the 2025 Annual Meeting. Their decisions are not due to disagreements with the company " . Gary Hu will step down from the Board on December 31, 2024, also without any disagreements " .

Appointments: Kevin O’Byrne will succeed Mr. Ferguson as Chair of the Board, subject to re-election " . Cynthia Jamison, Dr. Mehmood Khan, and Vincent Intrieri will join the Board effective January 1, 2025 " .

Michael C. Creedon, Jr. has been appointed as the permanent Chief Executive Officer of Dollar Tree, Inc., effective immediately. He had been serving as the interim CEO since November 2024, succeeding Rick Dreiling. Creedon joined Dollar Tree in 2022 as Chief Operating Officer and has been recognized for his strategic vision and leadership skills. The Board of Directors unanimously supports his appointment, emphasizing his deep understanding of the business and his ability to lead the company towards growth and success " " .

Leaving: Lorrie Norrington has announced she will not stand for re-election at Autodesk's 2025 Annual Meeting of Stockholders " .

Stepping Up: John T. Cahill and Ram Krishnan have been appointed to the Board of Directors, effective immediately. John Cahill is the former Chairman and CEO of Kraft Foods, and Ram Krishnan is the Executive Vice President and COO of Emerson " " .

Transition: Elizabeth Rafael will transition to an Advisor role, assisting with the onboarding of the new CFO, while continuing as a Board member " .

David I. Goulden is leaving his role as Chief Financial Officer at Booking Holdings Inc. He will transition to a part-time role as Executive Vice President of Finance from January 1, 2025, to March 31, 2025. During this period, he will receive a base salary of $315,000 annually. His equity awards will not vest after this period " " .

Leo H. Suggs is leaving the Board of Directors of Old Dominion Freight Line, Inc. He has decided to retire at the end of his current term and will not stand for re-election at the 2025 Annual Meeting of Shareholders. His decision to retire is not due to any disagreement with the company " .

Leaving: All previous board members, including Michael J. Barber, Steven K. Barg, J. Martin Carroll, Rolf Classon, Frank A. D’Amelio, John J. Greisch, Gregory T. Lucier, Alessandro Maselli, Donald E. Morel, Jr., Stephanie Okey, Michelle R. Ryan, and Jack Stahl, have ceased to be directors due to the merger " .

Stepping Up: Alessandro Maselli remains as President and CEO, and John J. Greisch continues on the board " .

Reason: The changes are due to the completion of a merger with Novo Holdings, which acquired Catalent " .

Who is leaving: No departures were mentioned in the documents.

Who is stepping up: June Yang has been appointed as an independent director on the Board of MSCI Inc., effective December 17, 2024. She brings extensive experience in cloud computing and artificial intelligence from her previous role as Vice President at Google Cloud Inc. " " .

Why: Her appointment is aimed at leveraging her expertise to advance MSCI's strategic vision and enhance their tools for clients in the global investment community " .

Ashima Ghei has been appointed as the new Chief Financial Officer of Broadridge Financial Solutions, effective immediately. She has been serving as the Interim CFO since July 1, 2024, and has played a crucial role in advancing the company's financial strategy. Ghei joined Broadridge in January 2022 and has a strong background, including an 18-year career at American Express " " .

Helene Gayle is leaving her position as a director at The Coca-Cola Company. She retired effective December 13, 2024, after serving since 2013. Reason for leaving: Retirement. No successor has been announced yet " " .

Lynne Harkel-Rumford, Executive Vice President and Chief Human Resources Officer at CNP, is retiring on February 3, 2025. Her departure is not due to any disagreements with the company " . Dean Seavers has been appointed to the Board of Directors, effective December 31, 2024, filling the vacancy left by Barry T. Smitherman's resignation. Seavers brings extensive experience in the utility, safety, and security industries " " .

John F. Wilson is transitioning from Vice Chairman to Executive Chairman of the Board, effective January 1, 2025. Gary W. Rollins will move from Executive Chairman to Executive Chairman Emeritus. Wilson will receive a $500,000 restricted stock grant and a $600,000 annual salary starting January 1, 2025. Rollins will maintain his current salary but will not receive equity or performance-based cash incentives " .

Kevin K. Buckbee is leaving his role as Senior Vice President, Controller at AbbVie, planning to retire effective March 1, 2025. David R. Purdue will step up as the new Senior Vice President, Controller on the same date. Purdue has been with AbbVie since 2003 and has held various finance roles " .

Michael W. Duffy is leaving his position as Senior Vice President, Chief Accounting and Risk Officer at Hilton Worldwide Holdings Inc. to pursue an opportunity outside the company. His departure is effective February 7, 2025, and is not due to any disagreement with the company " . Misha Moylan will step up to assume the responsibilities of the principal accounting officer in the role of Senior Vice President, Chief Accounting Officer. Moylan has been with the company since 2010 and has served as head of Internal Audit since September 2019 " .

Laurie Brlas is leaving the Board of Directors of Constellation Energy Corporation, effective December 31, 2024. She is retiring after a successful tenure, having provided strategic and financial insight that was instrumental in the company's performance since its spinoff in 2022 " " . Eileen Paterson and Peter Oppenheimer are stepping up as new Class III directors, effective December 16, 2024. Paterson brings operational experience and leadership from her roles in aerospace and energy sectors, while Oppenheimer offers financial expertise from his tenure at Goldman Sachs and Apple " " .

Who's Leaving: Mr. Jeffrey B. Guldner is stepping down as Chairman of the Board, President, and CEO of Pinnacle West and APS, effective April 1, 2025. He will become a non-officer special advisor to the CEO.

Who's Stepping Up: Mr. Theodore N. Geisler will replace Mr. Guldner as Chairman of the Board, President, and CEO of Pinnacle West and APS, effective April 1, 2025.

Reason for Change: The document does not specify the reason for Mr. Guldner's transition to a non-officer special advisor role " .

Jeff Guldner is retiring as Chairman and CEO of Pinnacle West and APS on March 31, 2025. He will remain as a non-executive advisor until March 2026 to ensure a smooth transition. Ted Geisler will step up as the new Chairman and CEO effective April 1, 2025. Geisler has been with APS since 2001 and has served as President since 2022 " " .

Dr. James H. Thompson, the Chief Technology Officer (CTO) of Qualcomm Technologies, Inc., is leaving his position effective February 3, 2025. He announced his intention to retire on December 10, 2024. Dr. Thompson will continue with the company in an advisory role post-retirement. Dr. Baaziz Achour, currently the Deputy CTO, will step up as the CTO-elect immediately and will officially take over as CTO upon Dr. Thompson's retirement " .

Dominick Zarcone is leaving LKQ Corporation as he has decided not to stand for re-election and will retire from the Board when his term expires in connection with the Company’s 2025 Annual Meeting " " . James S. Metcalf is stepping up as a new independent director, effective December 11, 2024, as part of the Board’s ongoing refreshment process " " .

Pierre R. Brondeau is leaving his position as Chairman and Chief Executive Officer of FMC Corporation. The departure is part of an executive severance plan adopted by the company's Compensation Committee. Andrew D. Sandifer will remain as Executive Vice President and Chief Financial Officer, with his existing severance agreement still in effect. The plan includes severance benefits for executives terminated without cause or for good reason, with different terms depending on whether the termination occurs during a change in control period " .

Leaving: Marie T. Gallagher, current Senior Vice President and Controller (Principal Accounting Officer), is retiring on May 3, 2025.

Stepping Up: Christine E. Tammara, currently Senior Vice President, Controller, PepsiCo Beverages North America, will take over as Senior Vice President and Controller (Principal Accounting Officer) of PepsiCo, effective upon Gallagher's retirement " .

Todd R. Hubbard is leaving his position as Vice President of Global Financial Services at PACCAR due to retirement after 17 years of service. His retirement will be effective on February 14, 2025 " . Craig R. Gryniewicz has been elected to succeed him as Vice President of Global Financial Services. Mr. Gryniewicz previously served as President of PACCAR Financial Corp. " .

Roger W. Jenkins is leaving his role as CEO of Murphy Oil Corporation to join the Boards of Directors at Regions Financial Corp. and Regions Bank, effective January 1, 2025. He will serve on the Risk and Technology Committees. Jenkins is recognized for his strategic leadership and alignment with Regions' values, which include a customer-first approach and strong governance " " .

Who is leaving: Glenn Richter, the current Executive Vice President, Chief Financial Officer of International Flavors & Fragrances Inc. (IFF), is retiring effective December 31, 2024.

Who is stepping up: Michael DeVeau has been appointed as the new Executive Vice President, Chief Financial Officer, effective January 1, 2025.

Important details: Michael DeVeau has been with IFF since 2009, holding various senior finance leadership roles. His appointment includes a base salary of $700,000, an annual bonus target of 90% of his base salary, and a long-term incentive plan grant with a target value of $2,200,000, totaling $3,530,000 " .

H. Eric Bolton, Jr. is retiring as CEO of MAA, effective March 31, 2025. His retirement is part of a planned succession and not due to any disagreements with the company " . A. Bradley Hill will step up as the new President and CEO, effective April 1, 2025. He is currently the President and Chief Investment Officer of MAA " .

Paul C. Reilly is stepping down as CEO of Raymond James Financial, Inc. on February 20, 2025, transitioning to an Executive Chair role. Paul M. Shoukry will step up as the new CEO. This transition is part of a previously-disclosed leadership succession plan " " .

Brad Cerepak, Senior Vice President and Chief Financial Officer of Dover Corporation, is retiring on January 31, 2025. Chris Woenker, currently CFO of Dover's Engineered Products and Climate & Sustainability Technologies segments, will succeed him. Woenker has been with Dover since 2013 and has held various financial leadership roles, demonstrating strong acumen and leadership " " .

Lori J. Ryerkerk is stepping down as CEO and President of Celanese Corporation, effective immediately prior to January 1, 2025. Scott A. Richardson will take over as the new CEO and President. He has been with Celanese since 2005 and has held various leadership roles, including Chief Operating Officer and Chief Financial Officer. Edward G. Galante will become the Chair of the Board " " .

Vincent R. Ciruzzi, Chief Development Officer of Alexandria Real Estate Equities, Inc., is resigning effective December 31, 2024, after nearly 30 years of service. The company has not announced a successor yet " .

Richard E. Muncrief is retiring as President and CEO of Devon Energy Corporation, effective March 1, 2025. His decision is not due to any disagreement with the company. Clay M. Gaspar will step up as the new President and CEO. Gaspar is currently the Executive Vice President and COO. His new compensation includes a $1,000,000 base salary and a 130% target bonus of the base salary, effective upon his appointment " .

Frank Bisignano, Chairman, President, and CEO of Fiserv, has been nominated by President-elect Donald J. Trump to serve as Commissioner of the Social Security Administration. His appointment is pending confirmation by the U.S. Senate. Until then, he will continue in his current roles at Fiserv. The company has a long-term succession plan in place to select his successor " " .

Adam Gallistel and Andy Glanzman have been named Co-Chief Executive Officers of CBRE Investment Management. Gallistel will focus on investment strategy and performance, joining from GIC on April 1, 2025. Glanzman will handle business strategy and operations, effective immediately. Daniel Queenan, the previous CEO of Real Estate Investments, will now lead the Trammell Crow Company as CEO " " .

Departure: Diana W. Reid has resigned from the Board of Directors of Welltower Inc. on December 3, 2024. Her resignation is due to her new role as the CEO of Freddie Mac, not because of any disagreement with Welltower.

Board Changes: Following her departure, the size of the Board has been reduced to nine directors " .

Karen E. Hartsfield is retiring from her role as Senior Vice President, General Counsel, and Corporate Secretary at Atmos Energy Corporation. She will transition to a Senior Advisor position after December 31, 2024. Jessica Bateman Pulliam will step up to fill her position starting January 1, 2025. Ms. Bateman Pulliam is joining from Baker Botts L.L.P., where she was a partner and co-chair of the Securities and Shareholder Litigation Group " " .

Departure: Senthil Kumar, Senior Executive Vice President and Chief Risk Officer, is leaving his position. The terms of his departure are consistent with the company's policies.

Reason: The document does not specify the reason for Senthil Kumar's departure.

Stepping Up: Rajashree Datta will join as Deputy Chief Risk Officer on December 15, 2024, and will succeed Senthil Kumar as Chief Risk Officer in the first half of 2025 " .

Departures and Appointments at Etsy:

• Rachel Glaser is retiring as Chief Financial Officer, effective December 31, 2024. She will remain as an advisor until June 30, 2025. Lanny Baker will succeed her as CFO, bringing extensive experience from Eventbrite and Yelp " " .

• Raina Moskowitz is leaving her role as Chief Operating and Marketing Officer to become a CEO at another company. Brad Minor, currently Chief Brand Officer, will step up as Chief Marketing Officer " " .

• Rachana Kumar, Chief Technology Officer, is departing to pursue new opportunities. Interim leadership will be provided by two vice presidents of engineering while a search for her successor is underway " " .

• Kruti Patel Goyal has been appointed as President and Chief Growth Officer, effective January 1, 2025. She will continue as CEO of Depop until March 31, 2025, during her transition " " .

Eric Meurice and Steve Sanghi have been appointed to Intel's board of directors, effective immediately. Eric Meurice is the former president and CEO of ASML Holding N.V., and Steve Sanghi is the chairman and interim CEO of Microchip Technology Inc. Both are recognized for their extensive experience and leadership in the semiconductor industry. They will serve as independent directors, bringing valuable perspectives to Intel as it focuses on enhancing market competitiveness and financial performance " " .

Winne Y. Park is leaving her position as a director at Dollar Tree, Inc. She resigned effective immediately on December 2, 2024. Her departure is not due to any disagreement with the company's operations, policies, or practices " .

Richard D. Parsons is leaving the Board of Directors of The Estée Lauder Companies Inc. due to health reasons, effective immediately. He has been a Board member since 1999 and was part of the Nominating and ESG Committee and the Compensation Committee " .

Jeffrey A. Davis is stepping down as Chief Financial Officer of Dollar Tree, Inc. He will remain with the company until the filing of its Annual Report on Form 10-K in March 2025 to ensure a smooth transition. His departure is not due to any disagreement with the company " " . The company has initiated an external search for his successor " .

Roselyn R. Bar, Executive Vice President, General Counsel, and Corporate Secretary of Martin Marietta Materials, Inc., has announced her decision to retire in the second half of 2025 " .

Andrew Sullivan is appointed as the next CEO of Prudential Financial, effective March 31, 2025. He is currently the Executive Vice President and Head of International Businesses and Global Investment Management. Caroline Feeney will become the Global Head of Insurance and Retirement, a newly created position, effective the same date. Charles F. Lowrey will continue as Executive Chairman for 18 months. Robert Falzon, Vice Chair, will retire after 42 years with the firm, effective July 11, 2025 " " .

Kevin O'Connor is leaving his position as Senior Vice President and Chief Legal Officer at Carrier Global Corporation. He is stepping down with an expected departure date of January 1, 2025. Francesca Campbell has been appointed to take over his role as the new Senior Vice President and Chief Legal Officer " .

Mark A. Clouse is leaving his position as President and CEO of Campbell's to become President of the NFL's Washington Commanders. He will retire from Campbell's effective January 31, 2025 " " . Clouse has been a transformational leader since 2019, significantly reshaping the company's portfolio and driving growth " . Mick J. Beekhuizen will step up as the new President and CEO, effective February 1, 2025. Beekhuizen has been with Campbell's since 2019, serving as Executive Vice President and President of Meals & Beverages " " .

Vinzenz Gruber is retiring as Executive Vice President and President, Europe, at Mondelēz International, effective April 1, 2025. Volker Kuhn will step up to replace him, joining the company on January 6, 2025, to ensure a smooth transition. Kuhn brings extensive experience from Reckitt and Procter & Gamble, where he led significant growth and transformation initiatives " " " .

Gayle Littleton is stepping down as Executive Vice President, Chief Legal Officer, and Corporate Secretary of Exelon, effective January 1, 2025. She will serve as a Special Advisor to the CEO until March 31, 2025. Colette Honorable will take over as Chief Legal Officer and Corporate Secretary. Honorable will also continue her role in leading federal policy, regulatory affairs, and corporate giving for Exelon " " .

Susan Diamond is leaving her role as Chief Financial Officer (CFO) of Humana Inc. to pursue personal and professional goals. She will transition from her current role on January 10, 2025, and will serve in an advisory capacity until the end of 2025 " " . Celeste Mellet will step up as the new CFO, effective January 11, 2025. Mellet is currently the CFO of Global Infrastructure Partners and has extensive experience in financial management " " .

Tom Panther, the Chief Financial Officer of Corpay, is leaving the company effective March 15, 2025. He is departing to join the National Christian Foundation as their CFO. The decision to leave is not due to any disputes with Corpay. The company has started an executive search for a new CFO " " .

Patrick Gelsinger has resigned as CEO of Intel, effective December 1, 2024. He will receive a severance package as part of a Retirement and Separation Agreement " . Michelle Johnston Holthaus and David Zinsner have been appointed as interim Co-CEOs. Holthaus is also the CEO of Intel Products, a newly created position " . Frank Yeary has been named interim Executive Chair to oversee the search for a new CEO " .

Diane Leopold is leaving her role as Executive Vice President, Chief Operating Officer, and President – Contracted Energy at Dominion Energy, Inc. She will retire effective June 1, 2025, and transition from her role effective January 1, 2025. Edward H. Baine will take over responsibility for the company's utility operations, becoming President – Utility Operations and Dominion Energy Virginia. Eric S. Carr will assume responsibility for the Contracted Energy operating segment, becoming Chief Nuclear Officer and President – Nuclear Operations and Contracted Energy " .

Ellen Whittemore is leaving her role as Executive Vice President, General Counsel, and Secretary of Wynn Resorts, Limited. She will transition to the role of Executive Vice President until her retirement on January 31, 2025. Jacqui Krum is stepping up as the new Executive Vice President, General Counsel, and Secretary, effective December 1, 2024 " .

Lawrence E. Kurzius is leaving his role as Executive Chairman of McCormick & Company, effective December 31, 2024. He will remain on the Board as a non-executive director until the 2025 Annual Meeting of Stockholders, where he will not stand for re-election. The reason for his departure is his decision to retire, aligning with the company's succession plan and his personal retirement plans " " . Brendan Foley, currently the President and CEO, will step up to succeed Mr. Kurzius as Chairman of the Board, effective January 1, 2025. Mr. Foley has been with McCormick for 10 years and has held various leadership roles " " .

Stuart Aitken, Senior Vice President and Chief Merchant and Marketing Officer at The Kroger Co., is leaving his position effective January 1, 2025. He is resigning to pursue other professional opportunities " .

Peter M. Wilver is leaving the Board of Directors of Baxter International Inc. for personal reasons, effective December 31, 2024. Jeffrey A. Craig will step up as the chairperson of the Audit Committee following Wilver's departure. Craig is a former CEO and President of Meritor, Inc. " .

Who is leaving: All directors and officers of Marathon have ceased their positions due to the merger with ConocoPhillips. This was not due to any disagreements with the company " .

Why: The changes are a result of the merger agreement between Marathon and ConocoPhillips, where Marathon became a wholly-owned subsidiary of ConocoPhillips " .

Who is stepping up: The directors and officers of Merger Sub, a subsidiary of ConocoPhillips, have become the new directors and officers of Marathon " .

Michael McMurray is retiring as CFO of LyondellBasell effective March 1, 2025. He will be succeeded by Agustin Izquierdo, currently the Senior Vice President, Olefins & Polyolefins Americas & Refining. McMurray will continue in an advisory role until his full retirement in March 2026. Izquierdo's extensive experience at BASF and Morgan Stanley positions him well for this role " " .

Paul A. Camuti, Executive Vice President and Chief Technology and Sustainability Officer of Trane Technologies, is retiring effective December 31, 2024. His departure is not due to any disagreements with the company. The company appreciates his 13 years of service and wishes him well in retirement " .

Brian McKeon is retiring as CFO of IDEXX effective June 1, 2025. Andrew Emerson will step up as the new CFO on March 1, 2025. McKeon will serve as EVP and Special Advisor until his retirement to ensure a smooth transition. Emerson, with nearly 20 years of financial experience, has been with IDEXX since 2015 and has led the finance organization for the Companion Animal Group " " .

Stephen J. Muscato is leaving his position as Executive Vice President and President of Vistra Wholesale Operations & Development effective January 1, 2025. He will retire from Vistra Corp. on or about April 1, 2025. His responsibilities will be assumed by current members of the leadership team to ensure a smooth transition " .

Lawrence V. Jackson is retiring from the Board of Directors of Assurant, Inc., effective at the company's 2025 annual meeting of stockholders. Paget L. Alves is resigning from the Board, effective January 15, 2025, to become CEO of Sorenson. Kevin Warren has been appointed to the Board and will join the Compensation and Talent Committee, effective January 15, 2025. Warren brings extensive experience from his previous roles at UPS and Xerox " " .

Gregory Bryant is leaving his position as Executive Vice President and President of Business Units at Analog Devices, Inc. to explore other opportunities. He will remain with the company until March 31, 2025, to assist with the transition. His departure is not due to any disagreement with the company " . Martin Cotter has been appointed as Senior Vice President, Vertical Business Units, effective December 1, 2024. He will oversee the company's vertical business units and has been with the company for over 35 years " .

Ganesh Moorthy is retiring as CEO and President of Microchip Technology Incorporated. Steve Sanghi is stepping up as the interim CEO and President, effective November 18, 2024. Mr. Sanghi will also continue to serve as Chair of the Board. The Board has decreased in size from 7 to 6 directors following Mr. Moorthy's retirement " .

Glenn Eisenberg is leaving his role as Chief Financial Officer (CFO) at Labcorp. He is retiring and will step down on December 2, 2024. He will remain as a Special Advisor to the CEO until April 2025 to ensure a smooth transition and assist with strategic initiatives " " .

Julia Wang will step up as the new CFO starting December 2, 2024. She brings extensive experience from her previous roles at BeiGene, Alexion Pharmaceuticals, Quest Diagnostics, Johnson & Johnson, and PepsiCo " " .

David H.Y. Ho and Matthew H. Paull are retiring from the Board of Directors of Air Products and Chemicals, Inc. They will not seek re-election at the 2025 Annual Meeting. There are no disagreements with the company that led to their decision " . Bob Patel and Alfred Stern are nominated as new independent directors. Patel brings 35 years of experience in the global chemicals and materials industry, while Stern has 29 years of experience in leading global energy and chemicals companies " " .

Leaving: No executives are reported to be leaving.

Stepping Up: J. David Joyner has been appointed as President and CEO, and Prem S. Shah has been appointed as Executive Vice President and Group President. Additionally, Leslie Norwalk, Larry Robbins, Guy Sansone, and Doug Shulman have been appointed to the Board of Directors " " .

Why: The appointments follow productive discussions with Glenview Capital Management to drive greater financial and operational performance and to enhance the company's strategic focus " .

Jeffrey S. Berkes is leaving his position as President and Chief Operating Officer of Federal Realty Investment Trust, effective December 31, 2024. The company will not fill this role. Donald C. Wood, the current CEO, will also take on the role of President " .

Oreste Donzella, Executive Vice President and Chief Strategy Officer of KLA Corporation, will transition to a part-time senior advisor role starting April 14, 2025. He will remain in his current position until April 13, 2025, to assist with the transition of his duties. No immediate changes to his employment terms will occur until then. No successor has been announced yet " .

John G. Morikis is retiring as Executive Chairman of Sherwin-Williams effective December 31, 2024. He will remain on the Board until April 2025. Heidi G. Petz, currently President and CEO, will become Chair of the Board starting January 1, 2025. Jane M. Cronin, Senior Vice President – Enterprise Finance, is also retiring on December 31, 2024. J. Paul Lang will step up as SVP – Enterprise Finance & Chief Accounting Officer on January 1, 2025 " " .

Deanna Strable is stepping up as the next President and CEO of Principal Financial Group, effective January 7, 2025. She succeeds Dan Houston, who will continue as Executive Chair of the Board. Strable has been with the company since 1990 and has held various leadership roles, including CFO and President of U.S. Insurance Solutions. Dan Houston is retiring from his CEO position but will remain involved as Executive Chairman " " .

Clarke R. Starnes III is retiring as Vice Chair and Chief Risk Officer of Truist Financial Corporation after a 42-year career. Brad Bender, a 20-year veteran of Truist, is stepping up as the new Chief Risk Officer. Bender will oversee risk management, regulatory relations, and financial crimes functions, among other responsibilities. Starnes will remain as a Senior Advisor until April 30, 2025, to ensure a smooth transition " " .

Kelly A. Ayotte is leaving the board of directors of Blackstone Inc. Reason: She was elected as governor of New Hampshire. Effective Date: November 14, 2024. Impact: The size of the Board will be reduced from nine members to eight members " .

Russell Hagen is retiring as Weyerhaeuser's Senior Vice President and Chief Development Officer at the end of 2024. Paul Hossain will step up to replace him, effective January 1, 2025. Hossain is currently the Vice President of Natural Resources and Climate Solutions at Weyerhaeuser. Hagen will remain as a strategic advisor during the transition " " .

Leaving:

• Ester Banque, currently Executive Vice President and President, U.S. Operations, will leave to pursue other opportunities. She will serve in an advisory capacity until early 2025 to ensure a smooth transition " " .
• Wafaa Mamilli, currently Executive Vice President, Chief Digital & Technology Officer and Group President for China, Brazil and Precision Animal Health, will leave in early 2025 to pursue an external opportunity " " .

Stepping Up:

• Jamie Brannan has been appointed to the newly created role of Executive Vice President and Chief Commercial Officer, overseeing all commercial markets globally " " .
• Jared Shriver has been promoted to President, U.S. Operations, effective immediately, and will report to Mr. Brannan " " .
• Keith Sarbaugh has been promoted to Executive Vice President and Chief Digital & Technology Officer, effective immediately " " .

Robert J. Ott, the Senior Vice President and Corporate Controller of TE Connectivity, is retiring effective January 3, 2025. Reuben M. Shaffer has been appointed to succeed him. Mr. Shaffer has been with the company since 2008, holding various roles, most recently as Vice President, Assistant Corporate Controller " .

Nicholas Daddario is leaving his position as Chief Accounting Officer at GoDaddy Inc. due to a restructuring within the company's accounting department. His employment concluded on November 6, 2024, but he will assist with the transition until December 13, 2024 " . Phontip Palitwanon has been appointed as the new Chief Accounting Officer. She has been with the company for nine years, previously serving as Vice President, Finance and Vice President, Corporate Controller " .

Ken C. Hicks is leaving Avery Dennison Corporation to focus on his new role as President and Chief Executive Officer at PetSmart LLC. His resignation was effective immediately and was not due to any disagreement with the company " .

Joseph R. Massaro is stepping down from his position as Chief Financial Officer to lead the Engineered Components Group. William T. Presley will step down from his role as Vice Chairman and Chief Operating Officer on November 22, 2024, to pursue other opportunities. Varun Laroyia will assume the role of Executive Vice President and Chief Financial Officer effective November 8, 2024 " " .

Rick McVey is leaving his position as Executive Chairman of the Board of Directors at MarketAxess, effective December 31, 2024. His retirement is not due to any disagreement with the company. He will continue to serve as Chairman of the Board of Directors of MarketAxess Limited, the company's international holding company " " . Carlos Hernandez will step up as the new Chairman of the Board, effective January 1, 2025. Mr. Hernandez is an independent director and has previously served as a Director from 2006 to 2019 and rejoined the Board in September 2023 " " .

Christopher Wellborn is retiring as President and Chief Operating Officer of Mohawk Industries, effective February 1, 2025. He will continue as a senior advisor and Vice Chair of the Board to ensure a smooth transition " " . Paul De Cock will succeed him as President and COO. De Cock has led the Flooring North America segment since 2018 and has extensive industry experience " " . Ken Walma will join the company on November 11, 2024, and will take over as President of the Flooring North America segment on February 1, 2025 " " .

Mojdeh Poul is leaving the board of directors of Stanley Black & Decker, Inc. She will not stand for re-election at the 2025 Annual Meeting due to her new role as the forthcoming Chief Executive Officer of Integra LifeSciences Holdings Corporation. Her departure is related to employment terms with Integra and not due to any disagreements with Stanley Black & Decker " .

Mark Wallace, Senior Vice President and Chief Customer Officer at Keysight, is retiring by the end of May 2025 for personal reasons. He has been in his current role since September 2022 and with the company since November 2016 as Senior Vice President of Worldwide Sales. No successor has been announced yet " .

John Panikar is leaving his position as Executive Vice President-APAC at Linde, effective November 1, 2024, as he plans to retire on March 31, 2025, after 33 years with the company. Binod Patwari will step up as the new Senior Vice President-APAC, taking over Mr. Panikar's responsibilities for the APAC region " .

Who is leaving: Chief Financial Officer Luca Maestri.

Why: Transitioning from his role on January 1, 2025, but will continue to lead Corporate Services teams.

Who is stepping up: Kevan Parekh, Apple’s Vice President of Financial Planning and Analysis, will become Chief Financial Officer and join the executive team " .

Bruce Sewell is leaving his position as Apple's Senior Vice President, General Counsel, and Secretary. He is retiring at the end of the year. Katherine Adams will step up to succeed him as General Counsel and Senior Vice President, effective November 13, 2017 " .