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February 23, 2017

CEO Changes

BAE Systems plc named Charles Woodburn, currently Chief Operating Officer, as its next Chief Executive Officer, effective July 1, 2017. He succeeds Ian King, who is retiring at the end of June.
 
Brad Grey is stepping down as Chairman and Chief Executive Officer of Paramount Pictures Corporation, but will remain at the company for a transitional period. Viacom, Paramount’s parent company, has begun a search for Mr. Grey’s successor.
 
Carlos Ghosn will step down as Co-Chief Executive Officer of Nissan Motor Co., effective April 1, 2017, but continue as Chairman of the Board. Co-CEO Hiroto Saikawa will become Nissan’s sole Chief Executive Officer.
 
Teleflex Incorporated announced the retirement of Benson Smith as Chief Executive Officer, effective December 31, 2017. He will be succeeded by Liam Kelly, currently President and Chief Operating Officer. Mr. Smith will remain with Teleflex as Chairman of the Board.
 
Pierre Karl Péladeau was named President and Chief Executive Officer of Quebecor Inc., returning to a role he had previously held from 1999 to 2013. He replaced Pierre Dion, who remains with the company as a board member and as Chairman of the Board of Quebecor Media.
 
Radial, Inc. named Matthew J. Espe as its Chief Executive Officer. Mr. Espe is a former CEO of GE Lighting, IKON Office Solutions, Inc., and Ricoh Americas Corporation. He served most recently as President and CEO of Armstrong World Industries Inc.
 
Interface, Inc. appointed Jay D. Gould Chief Executive Officer, effective March 3, 2017. Mr. Gould, currently President and Chief Operating Officer, will succeed Daniel T. Hendrix, who will remain as Chairman of the Board.
 
John Fowle was promoted from Chief Underwriting Officer to Chief Executive Officer of Chaucer Syndicates, Ltd., a subsidiary of The Hanover Insurance Group, Inc. He replaced Johan Slabbert, who has left the company. 
 
 
Former Government Officials Joining Corporate World
 
David S. Kim was named Vice President of Government Affairs at Hyundai Motor Company. Mr. Kim previously served as Deputy Administrator of the Federal Highway Administration.
 
Kristina Schake, former Director of Communications for former First Lady Michelle Obama, will join Instagram in March 2017 to lead its communications team. Ms. Schake served most recently as Deputy Communications Director for Hillary Clinton’s presidential campaign.
 
Bryan Lanza, Deputy Communications Director for President Donald Trump's Transition Team, has joined lobbying and public affairs firm Mercury as Managing Director.
 
Marni Goldberg, former Director of Public Affairs at the U.S. Department of Commerce, has joined Visa Inc. as Senior Director, Public Affairs.
 
 
Mergers and Acquisitions
 
Restaurant Brands International Inc.,owner of the Burger King and Tim Hortons brands, has agreed to acquire Popeyes Louisiana Kitchen, Inc. for $1.8 billion. The merger is expected to be completed by early April 2017.
 
B. Riley Financial, Inc. has agreed to acquire FBR & Co. in a $160.1 million transaction. The deal is expected to be completed during the second quarter of 2017. FBR Chairman and Chief Executive Officer Richard Hendrix will lead the combined investment banking and brokerage business as CEO after the merger closes.
 
Teleflex Incorporated completed its $1 billion acquisition of Vascular Solutions, Inc. on February 17, 2017.

 

 

 

 

February 16, 2017

CEO Changes

Houghton Mifflin Harcourt Company named John J. “Jack” Lynch, Jr. as its new President and Chief Executive Officer, effective no later than April 11, 2017. He replaces L. Gordon Crovitz, a board member who has been serving as interim CEO since September 2016. Mr. Lynch served most recently as CEO of Renaissance Learning.
 
Jason Providakes was appointed President and Chief Executive Officer of The MITRE Corporation, effective March 6, 2017. He succeeds Alfred Grasso, who will remain on the board of trustees. Dr. Providakes currently serves as Senior Vice President and General Manager of MITRE's Center for Connected Government.
 
Radian Group Inc. named Richard G. Thornberry Chief Executive Officer, effective March 6, 2017. He succeeds S.A. Ibrahim, who is retiring. Mr. Thornberry previously served as Chairman and Chief Executive Officer of NexSpring Group, LLC.
 
 
Former Government Officials Joining Corporate World
 
International Paper Company elected Kathryn D. Sullivan to its board of directors, effective March 1, 2017. Dr. Sullivan worked at the U.S. Department of Commerce from 2011 to 2017, serving as Undersecretary of Commerce for Oceans and Atmosphere, as well as Administrator of the National Oceanic and Atmospheric Administration, among other roles.
 
Jason Weller will be joining Land O'Lakes, Inc.’s SUSTAIN division as Senior Director of Sustainability, effective February 27, 2017. He served as Chief of the Natural Resources Conservation Service at the U.S. Department of Agriculture from 2012 to 2017.
 
L3 Technologies, Inc. appointed retired Rear Admiral Gary W. Rosholt as Vice President of Middle East Operations. Mr. Rosholt, a former U.S. Navy SEAL, served as the Deputy Commanding General for Special Operations Command, U.S. Central Command, as well as Senior Defense Official and Defense Attaché with the U.S. Embassy in Abu Dhabi.
 
Susan Lagana has joined Burson-Marsteller as Managing Director, U.S. Public Affairs and Crisis Practice. She previously served as Acting Director of the Office of Public Affairs in the U.S. Department of Transportation.
 
Luke Bolar, former Chief of Staff to U.S. Senator David Vitter, has joined Edelman as Senior Vice President within its Energy group.
 
 
Mergers and Acquisitions
 
Mead Johnson Nutrition Company has agreed to be acquired by Reckitt Benckiser Group plc in a $17.9 billion deal. The merger is expected to be completed during the third quarter of 2017. Mead Johnson will operate as a new division of Reckitt Benckiser after the transaction closes.
 
Lennar Corporation completed its $643 million acquisition of WCI Communities, Inc. on February 10, 2017.

 

 

 

 

February 9, 2017

CEO Changes

Frederic Cumenal resigned as Chief Executive Officer of Tiffany & Co. this week. Chairman of the Board Michael J. Kowalski was named interim CEO, returning to a role he previously held from 1999 to 2015.
 
Carl Bass stepped down as President and Chief Executive Officer of Autodesk, Inc., but remains with the company as a special advisor and board member. Amar Hanspal, Senior Vice President and Chief Product Officer, and Andrew Anagnost, Senior Vice President and Chief Marketing Officer, will serve as interim Co-CEOs until a permanent chief executive is named.
 
Flowserve Corporation named R. Scott Rowe as its new President and Chief Executive Officer, effective April 1, 2017. He will succeed Mark Blinn, who is retiring. Mr. Rowe will join the company from Schlumberger Limited, where he currently serves as President of the Cameron Group.
 
W. Robert “Bob” Reum, Chairman, President, and Chief Executive Officer of AMSTED Industries Incorporated, passed away on February 5, 2017.
 
 
Former Government Officials Joining Corporate World
 
David Vitter, who served as a U.S. Senator for Louisiana from 2005 to 2017, has joined Mercury as Co-Chairman. The lobbying firm also hired Al Simpson as Managing Director. Mr. Simpson recently stepped down as Chief of Staff for Congressman Mick Mulvaney.
 
Brian Hawthorne was named Director of Communications and Development at the PenFed Foundation, which is affiliated with Pentagon Federal Credit Union. Mr. Hawthorne previously worked at the U.S. Department of Veterans Affairs, where he served as Senior Advisor to the Secretary for Strategic Messaging and White House Liaison.
 
 
 

 

 

February 2, 2017

CEO Changes

Ralph Lauren Corporation announced the departure of Chief Executive Officer Stefan Larsson, effective May 1, 2017. No replacement has been named yet. In a company statement, Executive Chairman and Chief Creative Officer Ralph Lauren said that he and Mr. Larsson “have different views on how to evolve the creative and consumer-facing parts of the business. After many conversations with one another, and our Board of Directors, we have agreed to part ways.”
 
Office Depot, Inc. named Gerry P. Smith as its new Chief Executive Officer, effective February 27, 2017. He succeeds Roland C. Smith, who is retiring from the company. Gerry Smith will join Office Depot from Lenovo Group, where he currently serves as Executive Vice President and Chief Operating Officer.
 
François Locoh-Donou was appointed President and Chief Executive Officer of F5 Networks, Inc., effective April 3, 2017. He currently serves as Senior Vice President and Chief Operating Officer of Ciena Corporation. Mr. Locoh-Donou will succeed John McAdam, who will remain on the board of directors.
 
Publicis Groupe announced the appointment of Arthur Sadoun as Chairman and Chief Executive Officer, effective June 1, 2017, succeeding Maurice Lévy. Mr. Sadoun currently serves as CEO of Publicis Communications. Mr. Lévy will become Chairman of the Supervisory Board, pending shareholder approval at the annual general meeting at the end of May.
 
Thomas E. Salmon was named Chief Executive Officer of Berry Plastics Group, Inc., effective February 3, 2017. He succeeds Jonathan D. Rich, who will remain with the company as Executive Chairman. Mr. Salmon currently serves as President and Chief Operating Officer
 
Tenneco Inc. named Brian Kesseler as its new Chief Executive Officer, effective May 17, 2017. He will succeed Gregg Sherrill, who will continue as Executive Chairman. Mr. Kesseler currently serves as Tenneco’s Chief Operating Officer.
 
 
Former Government Officials Joining Corporate World
 
Josh Drobnyk will join the Financial Industry Regulatory Authority (FINRA) as Senior Vice President, Corporate Communications on February 6th. Mr. Drobnyk served as Principal Deputy Assistant Secretary for Public Affairs at the U.S. Department of the Treasury until last month.
 
Deloitte Consulting LLP named Dave Mader Chief Strategy Officer, Civilian Sector within its federal government practice. Mr. Mader served as Controller of the Office of Management and Budget from 2014 to 2017.
 
Heather Foster, former Advisor to President Obama in the White House Office of Public Engagement, has joined Widmeyer Communications as Vice President, Widmeyer Education. She most recently served as founding Partner and Director of Strategic Partnerships at My Brother's Keeper Alliance.
 
 
Mergers and Acquisitions
 
Keysight Technologies, Inc. has agreed to acquire Ixia in a $1.6 billion deal. The transaction is expected to be completed by the end of October 2017.
 
Koch Industries, Inc. completed its acquisition of Guardian Industries Corp. on February 1, 2017.
 
Apollo Education Group, Inc. went private on February 1, 2017, after it was acquired by a consortium of investors including The Vistria Group, LLC and funds affiliated with Apollo Global Management, LLC.

 

 

 

January 26, 2017

CEO Changes

The McClatchy Company named board member Craig I. Forman as its new President and Chief Executive Officer, succeeding Patrick J. Talamantes. Mr. Forman, a former reporter and bureau chief for the Wall Street Journal, previously served as President of EarthLink’s consumer access and audience business.
 
Peter Liguori will be stepping down as President and Chief Executive Officer of Tribune Media Company in the first week of March, after the company releases its 2016 fourth quarter and full-year earnings. Tribune board member Peter M. Kern will serve as interim CEO. Mr. Kern is a Managing Partner of InterMedia Partners, a private equity firm.
 
Scott Hayward was named Chief Executive Officer of Grantham, Mayo, Van Otterloo & Co. LLC (GMO), effective February 13, 2017. He will replace interim CEO Peg McGetrick, who will remain on GMO’s board of directors. Mr. Hayward formerly served as CEO of Quantitative Management Associates LLC.
 
 
Former Government Officials Joining Corporate World
 
Gregory J. Dean, Jr. will be joining the Financial Industry Regulatory Authority (FINRA) as Senior Vice President for the Office of Government Affairs on January 30, 2017. Mr. Dean is currently Senior Director, Regulatory and Government Affairs at the Royal Bank of Canada. Before joining the private sector, he worked in a variety of roles on Capitol Hill, serving most recently as Chief Counsel for the Committee on the Budget in the U.S. Senate.
 
Northwestern Mutual Life Insurance Company announced the appointment of Christopher Gahan as Vice President, Federal Relations and head of its Washington, D.C. office. Mr. Gahan served as Chief of Staff to U.S. Senator Pat Toomey from 2011 until the beginning of this year. Before that, he was Chief of Staff to Sen. Judd Gregg.
 
Lennar Corporation named Donna Shalala to its board of directors this week. Dr. Shalala served as the U.S. Secretary of Health and Human Services from 1993 until 2001 and is currently President of the Clinton Foundation.
 
 
Mergers and Acquisitions
 
Icahn Enterprises L.P. completed its acquisition of Federal-Mogul Holdings Corporation on January 23, 2017. Federal-Mogul now operates as a wholly owned subsidiary of Icahn Enterprises.
 
Bob Evans Farms, Inc. has agreed to sell Bob Evans Restaurants to Golden Gate Capital for $565 million. After the transaction closes, the company will be focused on its BEF Foods business, and Mike Townsley, President of BEF Foods, will become President and Chief Executive Officer of Bob Evans.
 
United Rentals, Inc. has agreed to acquire NES Rentals Holdings II, Inc. for $965 million. The transaction is expected to close early in the second quarter of 2017.
 
 
 
 
 

January 19, 2017

CEO Changes

Mattel, Inc. named Margaret H. “Margo” Georgiadis as its new Chief Executive Officer, effective February 8, 2017. She succeeds Christopher A. Sinclair, who will remain with the company as Executive Chairman of the Board. Ms. Georgiadis joins Mattel from Google Inc., where she has served as President, Americas since 2011.
 
Andy Cecere, President and Chief Operating Officer of U.S. Bancorp, will be promoted to Chief Executive Officer on April 18, 2017. He will succeed Richard Davis, who will continue as Executive Chairman.
 
Christopher & Banks Corporation appointed Joel Waller interim President and Chief Executive Officer, replacing LuAnn Via. Mr. Waller, a former president of the company, had previously served as interim CEO in 2012. He has also held chief executive roles at The Wet Seal, Inc. and Wilsons Leather. Christopher & Banks elected Kent Kleeberger as Board Chair, replacing Lisa Wardell, who resigned from the board of directors.
 
 
Former Government Officials Joining Corporate World
 
 Raytheon Company elected retired United States Navy admiral James A. "Sandy" Winnefeld, Jr. to its board of directors. Adm. Winnefeld served as Vice Chairman of the Joint Chiefs of Staff from 2011 to 2015.
 
 
Mergers and Acquisitions
 
Luxottica Group S.p.A. and Essilor announced a $49 billion merger agreement on January 16, 2017. Leonardo Del Vecchio, Luxottica’s Executive Chairman, will serve as Executive Chairman and Chief Executive Officer of the combined company, which will be named EssilorLuxottica. Essilor Chairman and CEO Hubert Sagnières will become Executive Vice Chairman and Deputy CEO of EssilorLuxottica. The transaction is expected to be completed in the second half of 2017.
 
British American Tobacco p.l.c. has agreed to acquire the 57.8% of Reynolds American Inc. stock that it does not currently own for $49 billion. The deal is expected to close in the third quarter of 2017, subject to shareholder and regulatory approval.
 
On January 17, 2017, Crown Castle International Corp. completed its $1.5 billion acquisition of FiberNet from NextEra Energy, Inc.
 
On January 19, 2017, China Oceanwide Holdings Group Co., Ltd. and IDG Capital announced an agreement to acquire International Data Group, Inc. (IDG). After the transaction closes, China Oceanwide will become the owner of IDG’s operating businesses, including International Data Corporation (IDC) and IDG Communications. IDG Capital will become the controlling shareholder of IDG Ventures. IDG will maintain its headquarters in Boston, Massachusetts under the leadership of its current management team. The deal, which been cleared by the Committee on Foreign Investment in the United States (CFIUS), is expected to close in the first quarter of 2017.
 
 
 
 
 

January 12, 2017

CEO Changes

Rosalind G. Brewer will retire as President and Chief Executive Officer of Sam’s Club, a division of Wal-Mart Stores, Inc., effective February 1, 2017. She will be succeeded by John Furner, who currently serves as Executive Vice President and Chief Merchandising Officer of Sam’s Club.
 
Verso Corporation named B. Christopher DiSantis as its new Chief Executive Officer, effective February 1, 2017. Mr. DiSantis has been serving as CEO of H-D Advanced Manufacturing Company since 2012. The CEO position at Verso has been vacant since the retirement of David J. Paterson at the end of August 2016. Peter H. Kesser, who has led the company as interim President, will remain with Verso as Senior Vice President, General Counsel and Secretary.
 
Mark Thom was named Chief Executive Officer of MiTek Industries, Inc., succeeding Tom Manenti. Mr. Manenti will remain with the company as Executive Chairman until he retires in January 2018. Mr. Thom, a former Group President at Tyco Healthcare, has been serving as a leadership consultant to MiTek.
 
Washington Federal, Inc. announced that Roy M. Whitehead will step down as Chief Executive Officer, effective April 1, 2017, and continue as Executive Chairman. Brent Beardall, currently President and Chief Banking Officer, will be promoted to President and CEO.
 
 
Mergers and Acquisitions
 
Mars, Incorporated has agreed to acquire pet healthcare provider VCA Inc. in a $9.1 billion deal. After the merger is completed, VCA will operate as an independent business unit within the Mars Petcare division, with VCA chief executive Bob Antin remaining at the helm. The transaction is expected to close in the third quarter of 2017.
 
On January 10, 2017, Colony Capital, Inc., NorthStar Asset Management Group Inc. and NorthStar Realty Finance Corp. merged to form Colony NorthStar, Inc. Richard B. Saltzman, President and CEO of Colony Capital, leads the newly combined firm.

 

 

 

January 5, 2017

CEO Changes

On December 30, 2016, HCP, Inc.’s board of directors formally elected Tom Herzog as Chief Executive Officer, as part of a succession plan that was first announced in November. He replaced Mike McKee, who continues as Executive Chairman. Mr. Herzog previously served as the company’s Chief Financial Officer. Justin Hutchens, Executive Vice President and Chief Investment Officer, was also elected as President.
 
 
Mergers and Acquisitions
 
Xerox Corporation completed the spin-off of Conduent Incorporated, its business process services business, at the end of 2016. Xerox is now focused on document technology and services. Jeffrey Jacobson, formerly President of Xerox Technology, succeeded Ursula M. Burns as Chief Executive Officer with the completion of the separation. Ms. Burns remains with the company as Chairman of the Board. Ashok Vemuri leads the newly independent Conduent as CEO.
 
On January 3, 2017, Hilton Worldwide Holdings Inc. completed the spin-off of Park Hotels & Resorts Inc., its real estate business, into a publicly traded real estate investment trust. It also spun off its timeshare business, Hilton Grand Vacations Inc., as a separate publicly traded company.
 
Gartner, Inc. has agreed to acquire CEB Inc. for $2.6 billion. The merger is expected to be completed in the first half of 2017.

 

 

 

December 29, 2016

CEO Changes

Hershey named Michele Buck as new Chief Executive Officer. 

 

 

 

December 22, 2016

CEO Changes

The Priceline Group Inc. named Glenn Fogel Chief Executive Officer, effective January 1, 2017. He replaces interim CEO Jeff Boyd, who will remain with the company as Executive Chairman. Mr. Fogel currently serves as Executive Vice President, Corporate Development and Head of Worldwide Strategy and Planning.
 
Jerome Griffith was named Chief Executive Officer of Lands' End, Inc., effective March 6, 2017. He most recently served as President and CEO of Tumi Holdings, Inc. until August 2016, when Tumi was sold to Samsonite International S.A. Joseph Boitano and James Gooch will continue as to serve as interim Co-CEOs until Mr. Griffith joins Lands’ End next year.
 
Pier 1 Imports, Inc. appointed Terry London Interim President and Chief Executive Officer, effective January 1, 2017, replacing Alex W. Smith. Mr. London currently serves as non-executive Chairman of the Board.
 
Host Hotels & Resorts, Inc. announced that W. Edward “Ed” Walter will be stepping down as President and Chief Executive Officer, effective December 31, 2016. He will be succeeded by James F. Risoleo, Executive Vice President and Managing Director of Investments, West Coast and Europe.
 
Sean Menke was named President and Chief Executive Officer of Sabre Corporation, effective December 31, 2016. He succeeds Tom Klein, who is leaving the company. Mr. Menke currently serves as Executive Vice President of Sabre and President of Sabre Travel Network.
 
Chunghwa Telecom Co., Ltd. appointed Yu Cheng as Chairman and Chief Executive Officer, succeeding Lih-Shyng Tsai. Mr. Cheng, a former CEO of Contemporary Taiwan Development Foundation, joined Chunghwa Telecom as Director in August 2016.
 
Hyundai Motor America appointed W. Gerald “Jerry” Flannery as interim President and Chief Executive Officer on December 21, 2016. He succeeds Dave Zuchowski who will be leaving the company.
 
Reinsurance Group of America, Incorporated appointed Anna Manning as Chief Executive Officer, effective January 1, 2017. She succeeds A. Greig Woodring, who will officially retire on December 31, 2016. 
 
 
Mergers and Acquisitions
 
Linde AG and Praxair, Inc. announced a plan to combine in a merger of equals, creating a new holding company with revenues of around $30 billion. Praxair Chairman and CEO Steve Angel will serve as chief executive of the combined company, which will retain the Linde name. Wolfgang Reitzle, Linde’s Supervisory Board Chairman, will become Chairman of the new company’s board of directors.
 
Fairfax Financial Holdings Limited has agreed to acquire Allied World Assurance Company Holdings, AG for $4.9 billion. The merger is expected to close in the second quarter of 2017, subject to shareholder and regulatory approval.
 
AMC Entertainment Holdings, Inc. completed its acquisition of Carmike Cinemas, Inc. for approximately $1.1 billion on December 21, 2016.
 
 
 

December 15, 2016

CEO Changes

The Coca-Cola Company announced that James Quincey, a 20-year veteran of the company, will succeed Muhtar Kent as Chief Executive Officer, effective May 1, 2017. Mr. Kent will remain as Chairman of the Board of Directors. Mr. Quincey currently serves as President and Chief Operating Officer.
 
Kathryn V. Marinello was named President and Chief Executive Officer of Hertz Global Holdings, Inc., effective January 3, 2017. She succeeds John Tague, who is retiring. Ms. Marinello, currently a Senior Advisor of Ares Management LLC, previously served as CEO of Stream Global Services, Inc. and Ceridian Corporation.
 
Monty Moran stepped down as Co-Chief Executive Officer of Chipotle Mexican Grill, Inc. this week. Company founder Steve Ells will now serve as the sole CEO, while retaining his Chairman role.
 
Guillaume Cerutti was appointed Chief Executive Officer of Christie's International plc, effective January 1, 2017. He replaces Patricia Barbizet, who will become Vice Chairman. Mr. Cerutti currently serves as President of the company’s Europe, Middle East, Russia and India operations.
 
Titan International, Inc. promoted its President Paul G. Reitz to the additional role of Chief Executive Officer, effective January 1, 2017. He succeeds Maurice M. Taylor, Jr., who will continue as Chairman.
 
BMC Software, Inc. named Peter Leav as its new President and Chief Executive Officer, succeeding Bob Beauchamp, who continues as Chairman. Mr. Leav served as President and CEO of Polycom, Inc. from 2013 to September 2016.
 
Ramesh Srinivasan was appointed President and Chief Executive Officer of Agilysys, Inc., effective January 3, 2017, replacing James Dennedy. Mr. Srinivasan served most recently as CEO of Ooyala.
 
Cable One, Inc. named Julie Laulis President and Chief Executive Officer, effective January 1, 2017. Ms. Laulis, currently President and Chief Operating Officer, succeeds Tom Might, who will continue with the company as Executive Chairman.
 

Former Government Officials Joining Corporate World

Northrop Grumman Corporation elected Gen. Mark A. Welsh, III (USAF ret.) to its board of directors. Gen. Welsh served as Chief of Staff of the U.S. Air Force from 2012 to 2016. He is currently Dean of the George Bush School of Government and Public Service at Texas A&M University.
 
 
Mergers and Acquisitions
 
Microsoft Corporation completed its $26 billion acquisition of LinkedIn Corporation on December 8, 2016. Jeff Weiner will continue in his role as LinkedIn’s CEO.
 
Lions Gate Entertainment Corp. (Lionsgate) closed on its $4.4 billion acquisition of Starz on December 8, 2016. Starz will operate as a subsidiary of Lionsgate, with Chris Albrecht continuing as President and CEO.
 
On December 14, 2016, Alaska Air Group, Inc. completed its acquisition of Virgin America, Inc. Ben Minicucci, President and Chief Operating Officer of Alaska Airlines, has replaced C. David Cush as CEO of Virgin America.
 
 
 

December 8, 2016

CEO Changes

Starbucks Corporation announced that Howard Schultz is stepping down as Chief Executive Officer, effective April 3, 2017. In his new role as Executive Chairman, Mr. Schultz will turn his focus to the development of the company’s new upscale retail format, Starbucks Reserve. President and Chief Operating Officer Kevin Johnson will succeed Mr. Schultz as CEO.
 
Fruit of the Loom, Inc. named Melissa Burgess-Taylor as its new Chairman and Chief Executive Officer, succeeding Rick Medlin, who died last week. Ms. Burgess-Taylor previously served as Senior Vice President of Brand Management and Sales.
 
Bali Padda was appointed Chief Executive Officer of the LEGO Group, effective January 1, 2017. He succeeds Jørgen Vig Knudstorp, who will be leading the new LEGO Brand Group. Mr. Padda currently serves as Chief Operations Officer.
 
Nu Skin Enterprises, Inc. announced that President and Chief Executive Officer Truman Hunt will be stepping down in mid-2017 to serve in a three-year leadership assignment for The Church of Jesus Christ of Latter-day Saints. Chief Financial Officer Ritch Wood will take over as CEO, and Ryan Napierski, currently President of Global Sales and Operations, will be promoted to President of Nu Skin.
 
CompuCom Systems, Inc. named Dan Stone Chief Executive Officer. He replaced Don Doctor, who will remain on the company’s board of directors. Mr. Stone previously served as Executive Vice President and President, End-User Enablement.
 
Nicole Piccinini Pesco was named Chief Executive Officer of The Save Mart Companies. Ms. Pesco, previously serving as Co-President and Chief Strategy and Branding Officer, had led the company (along with co-presidents Greg Hill and Steve Junqueiro) since her father Robert Piccinini stepped down as CEO in September 2014, a few months prior to his death in March 2015.
 
Meijer, Inc. announced that President Rick Keyes will assume the additional role of Chief Executive Officer, effective January 1, 2017. He succeeds Hank Meijer, who will remain with the company as Executive Chairman. Mr. Keyes’s promotion marks a break in tradition for the company, which has previously reserved the CEO role for Meijer family members.
 
Charles L. Prow was appointed President and Chief Executive Officer of Vectrus, Inc., succeeding Kenneth W. Hunzeker, who has retired. Mr. Prow previously served in several roles at IBM Corporation, including General Manager, Global Government Industry.
 

Former Government Officials Joining Corporate World

Pentagon Federal Credit Union announced that Bruce E. Kasold will be joining the Pentagon Federal Credit Union Foundation as Chief Operating Officer, effective January 16, 2017. Mr. Kasold, a judge of the U.S. Court of Appeals for Veterans Claims, served as Chief Judge from 2010 to 2015.
 
 
Mergers and Acquisitions
 
On December 1, 2016, G-III Apparel Group, Ltd. completed its acquisition of Donna Karan International, Inc., bringing Donna Karan and DKNY into its portfolio of brands.
 
Parker Hannifin Corporation announced an agreement to acquire and CLARCOR Inc. for $4.3 billion. CLARCOR will be merged with Parker’s Filtration Group. The transaction is expected close during the first quarter of Parker’s fiscal year 2018.
 
China’s HNA Group Co., Ltd. completed its $6 billion acquisition of Ingram Micro Inc. on December 5, 2016. Ingram Micro will continue to be headquartered in Irvine, California, under the leadership of CEO Alan Monié.

 

 

December 1, 2016

CEO Changes

Monster Worldwide, Inc. promoted President and Chief Operating Officer Mark Stoever to Chief Executive Officer. He succeeds Tim Yates, who is leaving the company.  The management transition comes a month after Randstad Holding nv completed its acquisition of Monster.
 
Rick Medlin, President and Chief Executive Officer of Fruit of the Loom, Inc., died on November 27th. Mr. Medlin, who had served as CEO since 2010, died of natural causes, according to a company statement. The company is in the process of identifying an interim CEO.
 
Siemens Corporation, Siemens AG’s principal U.S. subsidiary, announced the appointment of Lisa Davis as Chair and Chief Executive Officer, effective January 1, 2017. She succeeds Eric Spiegel, who will be leaving the company at the end of this year. Ms. Davis, a member of Siemens AG’s Managing Board, leads the company’s energy operations and has oversight of the Americas region.
 

Former Government Officials Joining Corporate World

Mitch Daniels, Governor of Indiana from 2005 to 2013, was elected to Norfolk Southern Corporation’s board of directors. Mr. Daniels currently serves as President of Purdue University. The company also named Marcela E. Donadio, former Americas Oil & Gas Sector Leader at Ernst & Young, to its board.
 
 
Mergers and Acquisitions
 
Lexmark International, Inc. was acquired by a consortium of investors led by Apex Technology Co., Ltd. and PAG Asia Capital on November 29, 2016. Paul Rooke stepped down as Chairman and Chief Executive Officer following the completion of the going-private transaction. David Reeder, formerly Vice President and Chief Financial Officer, was named President and CEO.
 
Perella Weinberg Partners and Tudor, Pickering, Holt & Co. completed their merger on December 1, 2016. The combined firm will retain the Perella Weinberg Partners name, with Tudor, Pickering, Holt & Co. operating as the firm’s energy practice.

 

 

November 23, 2016

CEO Changes

Cable & Wireless Communications Plc, a recently-acquired subsidiary of Liberty Global plc, has announced that John Reid has been named CEO effective November 7, 2016, since being named interim CEO earlier in the year.
 
AptarGroup, Inc. named Stephan Tanda as President and Chief Executive Officer, effective February 1, 2017, succeeding Stephen Hagge. On the effective date, Mr. Tanda will also be appointed to the company’s Board of Directors. Mr. Tanda will join the company from Royal DSM N.V., where he currently serves as a Member of the Managing Board of Directors. Mr. Hagge will remain with the company as a member of its Board of Directors.
 
CEO of Tyson Foods, Inc. Donnie Smith announced his retirement at the end of the year. He will be replaced by current company President, Tom Hayes. Hayes will remain President until the end of the year. 
 
 
Mergers and Acquisitions
 
Boral Limited agreed to acquire Headwaters Inc. for $1.86 billion. The transaction is expected to close in mid-2017.
 
Symantec announced plans to acquire LifeLock for $2.3 billion. The deal is expected to close in the first calendar quarter of 2017. 
 
 
 

November 17, 2016

CEO Changes

Nasdaq, Inc. named Adena Friedman President and Chief Executive Officer, effective January 1, 2017, succeeding Bob Greifeld. Ms. Friedman currently serves as President and Chief Operating Officer. Mr. Greifeld will remain with the company as Chairman of the Board, replacing Börje Ekholm, who will become President and CEO of Ericsson on January 16, 2017.
 
The E.W. Scripps Company announced that Rich Boehne will retire as President and Chief Executive Officer in the second half of 2017, but will continue as Chairman. The company also promoted Chief Digital Officer Adam Symson to Chief Operating Officer. Mr. Symson is expected to succeed Mr. Boehne as CEO.
 
Damian Gammell, currently serving as Chief Operating Officer, was named Chief Executive Officer of Coca-Cola European Partners plc, effective December 28, 2016. He succeeds John Brock, who is retiring seven months after Coca-Cola Enterprises, Inc., Coca-Cola Iberian Partners S.A.U., and Coca-Cola Erfrischungsgetränke GmbH merged to form Coca-Cola European Partners. Mr. Gammell is the former CEO of Anadolu EFES and Coca-Cola Icecek.
 
CME Group Inc. named Terry Duffy Chairman and Chief Executive Officer, succeeding Phupinder Gill, who is retiring at the end of the year following a transition period. Mr. Duffy previously served as Executive Chairman and President. In a related move, Chief Commercial Officer Bryan Durkin was promoted to President.
 
Catalina Marketing Corporation appointed Andrew S. Heyman as its new Chief Executive Officer. He replaces interim CEO Greg Delaney, who will remain on the board of directors. Mr. Heyman joins Catalina from NCR Corporation, where he served as Senior Vice President and President of NCR Financial Services.
 
Tom Herzog was named Chief Executive Officer of HCP, Inc., effective January 1, 2017. He will replace interim President and CEO Mike McKee, who will continue as Executive Chairman. Mr. Herzog currently serves as Executive Vice President and Chief Financial Officer. HCP also promoted Chief Investment Officer Justin Hutchens to President, effective at the beginning of 2017.
 

Former Government Officials Joining Corporate World

The MITRE Corporation elected John J. Hamre as Chairman of the Board of Trustees, succeeding former U.S. Senator Charles S. Robb. Mr. Hamre served as Deputy Secretary of the U.S. Department of Defense from 1997 to 2000. MITRE also named Mike Rogers and Cathy E. Minehan to its board. Ms. Minehan was President and CEO of the Federal Reserve Bank of Boston from 1994 to 2007. She currently serves as Managing Director of Arlington Advisory Partners, LLC. Mike Rogers was a member of the U.S. House of Representatives from 2001 to 2015, representing Michigan’s eighth Congressional district. He stepped down this week as National Security Lead of President-Elect Donald Trump’s transition team.
 
Michael Brosnan was named to CIT Group Inc.’s board of directors. Mr. Brosnan served in several roles at the Office of the Comptroller of the Currency within the U.S. Treasury Department, culminating as Examiner-in-Charge for Midsize Bank Supervision.
 
 
Mergers and Acquisitions
 
Samsung Electronics Co. Ltd. agreed to acquire Harman International Industries, Incorporated for $8 billion. After the merger closes, Harman will operate as an independent subsidiary of Samsung, with its current management team in place, including CEO Dinesh Paliwal. The transaction is expected to be completed in mid-2017, subject to shareholder and regulatory approval.
 
Siemens has agreed to acquire Mentor Graphics Corporation in a $4.5 billion deal. The transaction is expected to close in the second quarter of 2017.
 
On November 9, 2016, Lamb Weston Holdings, Inc. completed its spin-off from ConAgra Foods, Inc. as an independent, publicly traded company. ConAgra Foods changed its name to Conagra Brands, Inc. with the completion of the separation.
 
Perella Weinberg Partners announced an agreement to combine with Tudor, Pickering, Holt & Co. (TPH) to create a firm with more than $12 billion in assets under management. TPH will operate as Perella Weinberg’s energy practice after the transaction is completed. The merger is expected to close in the fourth quarter of 2016. 

 

 

November 10, 2016

CEO Changes

Compagnie Financière Richemont SA announced the retirement of Chief Executive Officer Richard Lepeu, effective March 31, 2017. The company, which did not name a new CEO, said that Johann Rupert will continue as Executive Chairman. Georges Kern, CEO of IWC Schaffhausen, will be promoted to Head of Watchmaking, Marketing and Digital, and Jérôme Lambert, CEO of Montblanc, will become Head of Operations. Richemont also announced the retirement of Chief Financial Officer Gary Saage, effective July 31, 2017. He will be succeeded by Burkhart Grund, currently serving as Deputy CFO.

 
Mergers and Acquisitions

On November 7, 2016, Verizon Communications Inc. completed its $2.4 billion acquisition of Fleetmatics Group PLC. Fleetmatics will become part of the Verizon Telematics business.

Oracle Corporation completed its acquisition of NetSuite Inc. on November 7, 2016.

Danaher Corporation completed its acquisition of Cepheid Inc. on November 4, 2016.

 
 

 

November 3, 2016

This Week: Viacom, Inc. named Robert Bakish Acting President and Chief Executive Officer, effective November 15, 2016.

CEO Changes

Viacom Inc. named Robert Bakish acting President and Chief Executive Officer, effective November 15, 2016, replacing Thomas Dooley, who is leaving the company. Mr. Dooley has served as interim President and CEO since last August, when Philippe Dauman was ousted as Viacom’s chief executive. Mr. Bakish was also promoted from his previous role as President and CEO of Viacom International Media Networks to head of the newly formed Viacom Global Entertainment Group.
 
Sinclair Broadcast Group, Inc. announced the promotion of Chief Financial Officer Christopher Ripley to President and Chief Executive Officer, effective January 1, 2017. He succeeds David Smith, who will remain with Sinclair as Executive Chairman. In a related move, Lucy Rutishauser, Senior Vice President, Corporate Finance and Treasurer, will replace Mr. Ripley as CFO, while continuing as Treasurer.
 
Whole Foods Market, Inc. announced that Walter Robb will be stepping down as Co-Chief Executive Officer at the end of this year. Whole Foods co-founder and current Co-CEO John Mackey will become the company’s sole chief executive. Mr. Robb will remain with the company as a senior advisor, board member, and as Chairman of Whole Kids Foundation and Whole Cities Foundation.
 

Former Government Officials Joining Corporate World

David Trulio was named Vice President for International Government Affairs, Operations, and Regional Executive for Latin America at Lockheed Martin International. Mr. Trulio worked in the White House as Special Assistant to the President and Executive Secretary of the Homeland Security Council from 2006 to 2008. He most recently served as Director of Operations at Raytheon International, Inc.
 
Mark Doms has joined Nomura as Managing Director and Senior Economist. Mr. Doms served as Under Secretary for Economic Affairs at the U.S. Department of Commerce from 2013 to 2015.
 
 
Mergers and Acquisitions
 
CenturyLink, Inc. has agreed to acquire Level 3 Communications, Inc. in a $34 billion deal. CenturyLink chief executive Glen Post will continue as President and CEO after the merger closes. Sunit Patel, Executive Vice President and Chief Financial Officer of Level 3, will become CFO of the combined company. The transaction is expected to be completed by the end of the third quarter 2017, subject to shareholder and regulatory approval.
 
American Axle & Manufacturing Holdings, Inc. (AAM) announced an agreement to acquire Metaldyne Performance Group Inc. (MPG) for $1.6 billion. George Thanopoulos, Chief Executive Officer of MPG, will join AAM’s board of directors after the merger is completed. The transaction is expected to close in the first half of 2017.
 
On November 1, 2016, Randstad Holding nv completed its $429 million acquisition of Monster Worldwide, Inc. Monster will continue to operate independently under its own name.
 
Aon plc’s Aon Risk Solutions business completed its acquisition of Stroz Friedberg on November 1, 2016. Stroz Friedberg CEO Michael Patsalos-Fox was named CEO and Co-Chair of Aon's new Cyber Solutions Group.
 
Hewlett Packard Enterprise Company completed its acquisition of Silicon Graphics International Corp.(SGI) on November 1, 2016.
 
Several companies completed spin-offs this week. On October 31stAdient plc and Quality Care Properties, Inc. were spun off as independent, publicly traded corporations from Johnson Controls International plc and HCP, Inc. respectively. Yum China Holdings, Inc. completed its separation from Yum! Brands, Inc. on November 1st
 
 
 

October 27, 2016

This Week: Retired U.S. Army General Jack Keane was named Executive Chairman of AM General LLC

CEO Changes

Ericsson named board member Börje Ekholm as its new President and Chief Executive Officer, effective January 16, 2017, replacing interim CEO Jan Frykhammar. Mr. Ekholm most recently served as CEO of Patricia Industries. Before that, he was President and CEO of Investor AB from 2005 and 2015.
 
Harland Clarke Holdings Corp. announced the appointment of Victor Nichols as its next Chief Executive Officer, effective January 1, 2017. He succeeds Charles T. “Chuck” Dawson, who will remain with the company as Chairman of the Board. Mr. Nichols currently serves as CEO of Valassis, a subsidiary of Harland Clarke Holdings.
 

Former Government Officials Joining Corporate World

Paul M. O’Brien was named Vice President of Ethics and Compliance at TK Holdings, Inc. (THK), a subsidiary of Takata Corporation. Mr. O’Brien joins Takata from the U.S. Department of Justice, where he served most recently as Deputy Assistant Attorney General in the Criminal Division. In a press release, TKH President Kevin M. Kennedy indicated that the hiring of Mr. O’Brien was part of an effort to “continue our efforts to further strengthen our compliance culture.” Takata’s faulty airbags have been at the center of over 100 million car recalls.
 
James C. Trainor, Jr. has joined Aon Risk Solutions, a division of Aon plc, as Senior Vice President, Cyber Solutions Group. He joined Aon after a 20-year career with the Federal Bureau of Investigation, where he served most recently as Assistant Director of the Cyber Division.
 
Delaware North Companies, Inc. announced the appointment of William J. Hochul, Jr. as its new General Counsel. Mr. Hochul has served as U.S. Attorney for the Western District of New York since 2010 and will be leaving the Department of Justice on October 28th.
 
Retired U.S. Army General Jack Keane was named Executive Chairman of AM General LLC. General Keane served as Vice Chief of Staff of the Army from 1999 to 2003.
 
 
Mergers and Acquisitions
 
AT&T Inc. reached an agreement to acquire Time Warner Inc. for $85.4 billion in a deal that will bring together AT&T’s TV, mobile and broadband capabilities with Time Warner’s content. The merger is expected to be completed before the end of 2017, subject to approval by Time Warner shareholders. The transaction, which is already facing political opposition, will also need to clear steep regulatory hurdles.
 
TD Ameritrade Holding Corporation has agreed to acquire Scottrade Financial Services, Inc. in a $4 billion deal. As part of the agreement, The Toronto-Dominion Bank (TD Bank Group) will buy Scottrade Bank from Scottrade Financial Services for $1.3 billion. The transactions are expected to close by September 30, 2017. Scottrade Founder and CEO Rodger Riney will join TD Ameritrade’s board after the merger is completed.
 
Qualcomm Incorporated announced a deal to NXP Semiconductors N.V. for $47 billion. The combined company is projected to have annual revenues exceeding $30 billion. The merger is expected to be completed by the end of 2017. 
 
Genworth Financial, Inc. announced an agreement to be acquired by China Oceanwide Holdings Group Co., Ltd. for $2.7 billion. After the merger closes, Genworth will operate as an independent subsidiary of China Oceanwide, led by its current management team. The transaction is expected to be completed by the middle of 2017.
 
Rockwell Collins, Inc. has entered into an agreement to acquire B/E Aerospace, Inc. for $8.3 billion. The merger is expected to be completed in the spring of 2017. After the transaction closes, Werner Lieberherr, CEO of B/E Aerospace, will join Rockwell Collins as Executive Vice President and Chief Operating Officer of a new aircraft interior systems division.
 
 
 

October 20, 2016

CEO Changes

Visa Inc. named board member Alfred F. Kelly, Jr. as its new Chief Executive Officer, effective December 1, 2016. He succeeds Charlie Scharf, who is resigning “because he could no longer spend the time in San Francisco necessary to do the job effectively,” according to a company press release. Mr. Kelly will join Visa’s leadership team on October 31st as CEO designate. He previously served as President of American Express Company from 2007 to 2010.
 
Debra A. Crew was appointed President and Chief Executive Officer of Reynolds American Inc., effective January 1, 2016, succeeding Susan M. Cameron, who will remain with the company as Executive Chairman. Ms. Crew currently serves as President and Chief Operating Officer of R.J. Reynolds Tobacco Company, a subsidiary of Reynolds American.
 
Sharp Corporation named Doug Albregts President and Chief Executive Officer of its Sharp Electronics Corporation subsidiary, replacing Toshiyuki Osawa. Mr. Albregts will also maintain his current role as President of Sharp Imaging and Information Company of America.
 
John P. Bilbrey announced plans to retire as President and Chief Executive Officer of The Hershey Company, effective July 1, 2017. He will continue as non-executive Chairman following his retirement. Hershey’s board of directors has begun the process of searching for Mr. Bilbrey’s successor.
 
Rob Stringer, currently Chairman and Chief Executive Officer of Columbia Records, was promoted to CEO of Sony Music Entertainment Inc., effective April 2017. He will succeed Doug Morris, who will continue as Chairman.
 
Milliken & Company named its Chairman J. Harold Chandler to the additional roles of President and Chief Executive Officer. He replaced Joseph M. Salley, who resigned after eight years as President and CEO.
 
United States Aviation Underwriters, Inc. announced that Chairman and Chief Executive Officer David L. McKay will be retiring on April 3, 2016.  John T. Brogan, currently President and Chief Operating Officer, will take over as President and CEO of the company following Mr. McKay’s retirement.
 
Haldex AB announced that Bo Annvik will be resigning as President and Chief Executive Officer to become CEO of Indutrade. Mr. Annvik’s departure date hasn’t been determined yet, but he will continue in his current role for no more than six months.
 

Former Government Officials Joining Corporate World

Christopher Mellen has joined BDO Consulting as Director in its Technology Advisory Services practice. Mr. Mellen previously served in the White House as Director of Information Risk Management.
 
Mergers and Acquisitions
 
SUPERVALU has agreed to sell its Save-A-Lot business to private equity firm Onex Corporation for $1.365 billion. The transaction is expected to be completed by January 31, 2017, pending receipt of regulatory approvals.

 

October 13, 2016

CEO Changes

John G. Stumpf resigned as Chairman and Chief Executive Officer of Wells Fargo & Company just over a month after the company was fined $185 million for illegal sales practices. Timothy J. Sloan, Wells Fargo’s President and Chief Operating Officer, was named President and CEO. Stephen W. Sanger, the bank’s newly named Chairman, said in a press release that Mr. Stumpf “believes new leadership at this time is appropriate to guide Wells Fargo through its current challenges and take the Company forward.”
 
Steven E. Rendle was named Chief Executive Officer of VF Corporation, effective January 1, 2017. Mr. Rendle, currently serving as President and Chief Operating Officer, will succeed Eric C. Wiseman, who will continue as Executive Chairman.
 
CIBC Mellon named Steven R. Wolff as its new President and Chief Executive Officer, effective November 14, 2016. He succeeds Thomas S. Monahan, who is retiring. Mr. Wolff currently serves as President and CEO of Nova Scotia Pension Services Corporation and will be stepping down from that role on October 28th

Former Government Officials Joining Corporate World

Brad Carson joined The Boston Consulting Group (BCG) as a Senior Advisor to its Public Sector Practice. Mr. Carson served as Acting Under Secretary of Defense for Personnel and Readiness from April 2015 until June 2016. He also served in the U.S. House of Representatives from 2001 to 2005, representing Oklahoma’s 2nd Congressional District.
 
Mergers and Acquisitions

On October 11, 2016, Molson Coors Brewing Company completed its $12 billion acquisition of SABMiller plc’s 58% stake in MillerCoors LLC. MillerCoors was formed in 2008 as a joint venture between Molson and SABMiller.

Stroz Friedberg Inc. has agreed to be acquired by Aon Risk Solutions, a division of Aon plc. After the acquisition closes, Stroz Friedberg CEO Michael Patsalos-Fox will become CEO of Aon's Cyber Solutions Group. He will also serve as Co-Chair of the group, alongside John Bruno, Aon's Executive Vice President of Enterprise Innovation and Chief Information Officer.
 
KLA-Tencor Corporation and Lam Research Corporation terminated their $10.6 billion merger agreement on October 5, 2016. The deal was scrapped after the U.S. Department of Justice raised antitrust concerns. 

 

October 6, 2016

Former Government Officials Joining Corporate World

Alion Science and Technology Corporation named Christopher Zember as its new Chief Technology Officer. Zember will be joining the company from the U.S. Department of Defense, where he serves as Director of the Center for Technology and National Security Policy.
 
Mergers and Acquisitions
 
International Business Machines Corporation (IBM) has agreed to acquire Promontory Financial Group, which will operate as a subsidiary of IBM. The acquisition is expected to be completed in late 2016.
 
Cabela’s Incorporated has agreed to be acquired by Bass Pro Shops, Inc. for $5.5 billion. The combined company will be privately held, with Bass Pro Shops Chief Executive Officer Johnny Morris remaining at the helm. The merger is expected to close in the first half of 2017.

 

September 29, 2016

CEO Changes

Linda K. Zecher resigned as President and Chief Executive Officer of Houghton Mifflin Harcourt Company(HMH). She was replaced by former Wall Street Journal Publisher L. Gordon Crovitz, who will serve as interim CEO. Crovitz has served as a member of HMH’s board since 2012.
 
USG Corporation named Jennifer F. Scanlon President and Chief Executive Officer, effective November 1, 2016. She succeeds James S. Metcalf, who is retiring at the end of October. Steven F. Leer, USG’s Lead Director, will replace Metcalf as Chairman of the Board.
 
Lands’ End, Inc. announced the resignation of Federica Marchionni as President and Chief Executive Officer, after less than two years in the role. Joseph M. Boitano and James F. Gooch were named interim Co-CEOs. Boitano is Lands’ End’s Executive Vice President and Chief Merchandising and Design Officer. Gooch, who currently serves as Executive Vice President and Chief Operating and Financial Officer, is a former CEO of RadioShack Corporation.
 
Brad Weston was appointed Chief Executive Officer of Petco Animal Supplies, Inc., effective February 1, 2017. He will succeed James M. Myers, who will continue as Chairman. Weston currently serves as President and Chief Merchant.
 
 
Mergers and Acquisitions
 
Marriott International, Inc. completed its acquisition of Starwood Hotels & Resorts Worldwide, Inc. on September 23, 2016. Three former Starwood board members, Bruce Duncan, Eric Hippeau and Aylwin Lewis, have joined Marriott’s board of directors.
 
CBOE Holdings, Inc. has agreed to acquire Bats Global Markets, Inc. for $3.2 billion. The merger is expected to be completed in the first half of 2017. Edward T. Tilly will continue as CBOE’s Chief Executive Officer after the transaction closes. Bats CEO Chris Concannon will replace Edward L. Provost as the combined company’s President and Chief Operating Officer.
 
Chemtura Corporation has agreed to be acquired by LANXESS AG in a $2.5 billion deal. The transaction is expected to be completed around mid-2017, subject to Chemtura shareholder and regulatory approvals.
 
Outerwall Inc. went private this week, after it was acquired by funds affiliated with private equity firm Apollo Global Management, LLC. Erik E. Prusch stepped down as Chief Executive Officer of Outerwall. The company’s new owner plans to manage Outerwall’s three operating segments as distinct businesses. Galen C. Smith, Outerwall’s Chief Financial Officer, was named CEO of Redbox. Coinstar President James H. Gaherity was promoted to CEO of the business, and David D. Maquera was promoted from President to CEO of ecoATM.
 
Private equity firm Siris Capital Group, LLC completed its acquisition of Polycom, Inc. on September 27, 2016. Mary McDowell, an Executive Partner at Siris Capital, has replaced Peter A. Leav as Polycom’s Chief Executive Officer.

 

September 22, 2016

CEO Changes

Benchmark Electronics, Inc. named board member Paul J. Tufano as its new President and Chief Executive Officer. Tufano, a former Chief Financial Officer and Chief Operating Officer of Alcatel-Lucent Group, replaced Gayla J. Delly, who has left the company.

Scott Freidheim resigned as President and Chief Executive Officer of CDI Corp. Michael Castleman, CDI’s Chief Financial Officer, was promoted to President. He will also serve as interim CEO while the board searches for Freidheim’s permanent successor.

KapStone Paper and Packaging Corporation announced that Roger W. Stone will step down as Chief Executive Officer, effective January 1, 2017, and continue as Executive Chairman. Matthew S. Kaplan, currently President and Chief Operating Officer, will succeed Stone as CEO while remaining as President. 

Univision Communications Inc. named Raju Narisetti Chief Executive Officer of Gizmodo Media Group (GMG), formerly known as Gawker Media. Narisetti, currently Senior Vice President of Strategy at News Corporation, will join GMG in late October. 

 

Former Government Officials Joining Corporate World

John Boehner was elected to Reynolds American Inc.’s board of directors. Boehner served as Speaker of the U.S. House of Representatives from 2011 to 2015.

 

Mergers and Acquisitions

Steinhoff International Holdings N.V. completed its acquisition of Mattress Firm Holding Corp. on September 16, 2016. Mattress Firm will operate as a subsidiary of Steinhoff, with Steve Stagner continuing as Executive Chairman and Ken Murphy remaining President and CEO.

ON Semiconductor Corporation completed its $2.4 billion acquisition of Fairchild Semiconductor International, Inc.on September 19, 2016.

Eldorado Resorts, Inc. has agreed to acquire Isle of Capri Casinos, Inc. in a $1.7 billion deal. The merger is expected to close in the second quarter of 2017.  Two Isle of Capri board members will join Eldorado’s board after the transaction is completed.

Lennar Corporation has agreed to acquire WCI Communities, Inc. for $643 million. Under the agreement, WCI will have a 35-day window to shop for better offers from other buyers. Assuming that Lennar’s offer stands, the transaction is expected to close shortly after WCI shareholders vote on the agreement in December 2016 or January 2017.

 

 

September 15, 2016

CEO Changes

Rich Battista was named President and Chief Executive Officer of Time Inc., replacing Joe Ripp, who remains with the company as Executive Chairman. Battista previously served as Executive Vice President and President, Brands. He has held CEO positions at other companies, including Gemstar-TV Guide International, Inc. and Mandalay Sports Media, Inc.
 
CGI Group Inc. named George D. Schindler, currently President and Chief Operating Officer, as President and Chief Executive Officer, effective October 1, 2016. He succeeds Michael E. Roach, who is retiring, but will remain on the CGI board of directors.
 
PulteGroup, Inc. promoted its President Ryan R. Marshall to Chief Executive Officer. He succeeds Richard J. Dugas, Jr., who will remain Executive Chairman until the 2017 annual meeting of shareholders.
 
Thomas F. Gunkel is retiring as Chief Executive Officer of M.A. Mortenson Company at the end of this year, after 34 years with the company. Daniel Johnson, currently President, will be elevated to President and CEO on January 1, 2017.
 
Swift Transportation Company announced the retirement of company founder and Chief Executive Officer Jerry Moyes, effective December 31, 2016. President and Chief Operating Officer Richard Stocking was named President and Co-CEO and will share the CEO role with Moyes through the end of the year. Moyes will continue as a board member and become Founder and Chairman Emeritus following his retirement.
 
Karl A. Roessner was named Chief Executive Officer of E*TRADE Financial Corporation, replacing Paul T. Idzik, who has left the company. Roessner previously served as E*TRADE’s Executive Vice President, General Counsel and Corporate Secretary.
 
Hilltop Holdings Inc. named Alan B. White and Jeremy B. Ford as Co-Chief Executive Officers. Ford, who had been the company’s sole chief executive, will now focus on corporate functions as President and Co-CEO. White previously served as Vice Chairman, as well as CEO of Hilltop’s PlainsCapital Corporation subsidiary, which is being folded into the parent company. As Vice Chairman and Co-CEO, White will be focused on the operations of Hilltop’s operating subsidiaries.
 
Weight Watchers International, Inc. announced the resignation of Chief Executive Officer James R. Chambers, effective September 30, 2016. Until a new CEO is named, the company will be led by an interim Office of the Chief Executive Officer, comprising Chief Financial Officer Nicholas Hotchkin and board members Thilo Semmelbauer and Christopher Sobecki.
 
Former Government Officials Joining Corporate World
 
Ira “Gus” Hunt was named head of the cybersecurity practice at Accenture Federal Services. Hunt retired in 2013 from the CIA, where he served as Chief Technology Officer.
 
Rachel J. Racusen will be joining Snapchat, Inc. as Director, Communications on September 19th. She joins Snapchat from the White House, where she served as Strategic Communications Advisor.
 
Mergers and Acquisitions
 
Bayer AG reached a deal this week to acquire Monsanto Company for $66 billion. After the merger closes, the combined Seeds & Traits and North American commercial business will be based in St. Louis, MO, where Monsanto is headquartered. The Crop Protection and Crop Science businesses will be based in Germany. The transaction is expected to close by the end of 2017, pending receipt of Monsanto shareholder approval and regulatory approvals.
 
Renesas Electronics Corporation has agreed to acquire Intersil Corporation for $3.2 billion. The acquisition is expected to be completed in the first half of 2017.

 

September 8, 2016

CEO Changes

James P. Snee was named President and Chief Executive Officer of Hormel Foods Corporation, effective October 31, 2016. Snee, currently serving as President and Chief Operating Officer, succeeds Jeffrey M. Ettinger, who will remain Chairman.
 
Dean Foods Company named Ralph Scozzafava, Executive Vice President and Chief Operating Officer, as its next Chief Executive Officer, effective January 1, 2017. He will succeed Gregg A. Tanner, who will serve as an advisor until the annual stockholders meeting in May 2017.
 
TEGNA Inc. announced a plan to spin off Cars.com as an independent publicly traded company. The separation is expected to be completed in the first half of 2017. TEGNA President and CEO Gracia C. Martore plans to retire once the spin-off is completed. She will be succeeded by David T. Lougee, currently President of TEGNA Media. Alex Vetter will continue  in his current role as President and CEO of Cars.com.
 
Tower International, Inc. promoted James C. Gouin to President on September 1st and announced that he will succeed Mark M. Malcolm as Chief Executive Officer, effective January 1, 2017.  Jeffrey L. Kersten, formerly Senior Vice President and Corporate Controller, replaced Gouin as Tower’s Executive Vice President and Chief Financial Officer.
 
Robert J. Moore was appointed Chief Executive Officer of Cetera Financial Group, Inc., effective September 12, 2016. He succeeds R. Lawrence "Larry" Roth, who will become a consultant to the new CEO. Moore currently serves as Chairman of the Board.
 
Morningstar, Inc. named Kunal Kapoor as its next Chief Executive Officer, effective January 1, 2017.  Kapoor, currently serving as President, will succeed company founder Joseph Mansueto, who will remain with Morningstar as Executive Chairman.
 
Polycom, Inc. announced the appointment of Mary McDowell as Chief Executive Officer, succeeding Peter A. Leav. The management transition will become effective after Siris Capital Group, LLC completes its pending acquisition of Polycom. McDowell is an Executive Partner at Siris Capital.
 
Alex W. Smith will be stepping down as President and Chief Executive Officer of Pier 1 Imports, Inc., effective December 31, 2016. The company’s board is in the process of searching for Smith’s replacement.
 
Former Government Officials Joining Corporate World
 
Lt. Gen. Charles R. "C.R." Davis, USAF (Ret) has joined L-3 Communications Corporation as Senior Vice President, Strategy, Aerospace Systems. Davis, who retired from the U.S. Air Force in 2014, served as Military Deputy in the Office of the Assistant Secretary of the Air Force for Acquisition. He most recently served as President and Chief Executive Officer of Seabury Global Aerospace & Defense Consulting.
 
Charter Communications, Inc. named Elizabeth Biley Andrion Senior Vice President, Regulatory Affairs. She previously spent 10 years working at the Federal Communications Commission, where she served as Deputy Chief of the Office of Strategic Planning and Policy Analysis.
 
Mergers and Acquisitions
 
Johnson Controls, Inc. and Tyco International plc completed their merger on September 2, 2016, forming Johnson Controls International plc. Johnson Controls CEO Alex A. Molinaroli continues to lead the combined company.
 
Dell Inc. (now known as Dell Technologies Inc.) completed its acquisition of EMC Corporation on September 7, 2016. EMC now serves as the combined company’s enterprise business segment, operating under the name Dell EMC.
 
Revlon, Inc. completed its acquisition of Elizabeth Arden, Inc. on September 7, 2016. Revlon expects to appoint Elizabeth Arden  Chairman and CEO E. Scott Beattie to its board of directors as a non-executive Vice Chairman.
 
Danaher Corporation has agreed to acquire Cepheid for $4 billion. The acquisition is expected to be completed around the end of 2016. Cepheid will join Danaher’s Diagnostics business segment after the merger closes.

 

September 1, 2016

CEO Changes

Fred's Inc. named Michael K. Bloom as its new Chief Executive Officer. He succeeds Jerry A. Shore, who will continue as an advisor until February 2017 and remain on the company’s board of directors thereafter. Bloom previously served as President and Chief Operating Officer of Fred’s.
 
Bernard B. Silverstone will retire as Chairman and Chief Executive Officer of Ford Motor Credit Companyon October 1, 2016, after 37 years with the company. He will be succeeded by Chief Operating Officer Joy Falotico, who was also promoted to Group Vice President of Ford Credit’s parent company, Ford Motor Company.
 
Christine Hurtsellers was named Chief Executive Officer of Voya Investment Management, succeeding Jeffrey T. Becker, who left Voya to become Chairman and CEO of Jennison Associates, LLC. Hurtsellers previously served as Chief Investment Officer of Fixed Income and was replaced in that role by Matt Toms, formerly Head of Public Fixed Income.
 
Former Government Officials Joining Corporate World
 
Michael L. Davis has joined T. Rowe Price as Head of Defined Contribution Plan Specialists for its Institutional business. Davis previously served as Deputy Assistant Secretary at the Employee Benefits Security Administration in the U.S. Department of Labor from 2009 to 2012. His most recent role was Director, Institutional Client Relations at Calvert Investments, Inc.   
 
Mergers and Acquisitions
 
Westlake Chemical Corporation completed its $3.8 billion acquisition of Axiall Corporation on August 31, 2016. The combined company is expected to generate revenues of over $7 billion.
 
Aleris Corporation has agreed to be acquired by Zhongwang USA LLC, which is owned by Liu Zhongtian, founder of China Zhongwang Holdings Limited. Aleris will retain its current management team and continue to operate independently at its headquarters in Cleveland, Ohio. The $2.3 billion acquisition is expected to be completed in the first quarter of 2017.
 
Melrose Industries PLC completed its acquisition of Nortek, Inc. on August 31, 2016. Nortek now operates as a subsidiary of Melrose.

 

August 25, 2016

CEO Changes

The battle for control over Viacom Inc. finally came to an end, with Sumner M. Redstone and his daughter Shari E. Redstone (Viacom’s Chairman Emeritus and Vice Chairman respectively) emerging as the victors. Philippe P. Dauman agreed to step down as President and Chief Executive Officer, but will continue as Non-Executive Chairman until September 13, 2016. Chief Operating Officer Thomas E. Dooley will serve as interim President and CEO through September 30th. In a concession to the other side of the governance fight, the five directors whom the Redstones had attempted to oust are keeping their seats on the board. The Redstones’ five preferred candidates were also elected to Viacom’s board.
 
A. Schulman, Inc. Chairman Joseph M. Gingo was named to the additional roles of Chief Executive Officer and President. He replaced Bernard Rzepka, who has resigned from the company. Gingo previously served as A. Schulman’s CEO from 2008 to 2014.
 
Pin Tai was appointed Chief Executive Officer and President of Cathay General Bancorp, effective September 30, 2016. He succeeds Dunson K. Cheng, who will continue as Executive Chairman. Tai will also be promoted to CEO of Cathay Bank, where he is currently President.
 
ARRIS International plc named Bruce McClelland as its new Chief Executive Officer, effective September 1, 2016. McClelland, currently serving as President, Network & Cloud and Global Services, succeeds Robert J. Stanzione, who will remain Executive Chairman.
 
Jones Lang LaSalle Incorporated (JLL) promoted its President Christian Ulbrich to the additional role of Chief Executive Officer, effective October 1, 2016, succeeding Colin Dyer. Dyer will remain on JLL’s board until the 2017 annual shareholders meeting and continue as an advisor until the end of 2017.
 
Office Depot, Inc. announced that Roland C. Smith plans to retire as Chief Executive Officer once his successor is named, but will continue as Chairman of the Board. The company expects to name a new CEO by the end of the first quarter of 2017.
 
Mergers and Acquisitions
 
On August 22, 2016, Comcast Corporation announced that its NBCUniversal division has completed its acquisition of DreamWorks Animation SKG, Inc.
 
Alimentation Couche-Tard Inc. agreed to acquire CST Brands, Inc. in a $4.4 billion deal. The merger is expected to be completed in early 2017.
 
Cardinal Financial Corporation, the holding company for Cardinal Bank, has agreed to be acquired by United Bankshares, Inc. Under the agreement, Cardinal Bank will be merged into United’s Virginia chartered bank, United Bank. The transaction is expected to be completed in mid-2017.

 

August 11, 2016

CEO Changes

Scientific Games Corporation named Kevin M. Sheehan, former Chief Executive Officer and President of Norwegian Cruise Line, as its new CEO and President. He succeeds Gavin Isaacs, who remains with the company as Vice Chairman of the Board of Directors.
 
Donald G. “DG” Macpherson was named Chief Executive Officer of W.W. Grainger, Inc., effective October 1, 2016.  He will succeed James T. “Jim” Ryan, who will continue as Chairman of the Board. Macpherson has served as Chief Operating Officer since August 2015.
 
Guitar Center, Inc. announced that Darrell Webb will retire as Chief Executive Officer once his successor is named. Guitar Center President Ron Japinga is expected to be promoted to CEO.
 
David J. Paterson is retiring as Chairman of the Board and Chief Executive Officer of Verso Corporation, effective August 31, 2016. Lead independent director Robert M. Amen will succeed Paterson as Chairman, but a new CEO has not been named yet. Verso will be led by an Office of the Chief Executive until a new CEO is identified. On September 1st, the following executives will join the Office of the Chief Executive: Allen J. Campbell (Senior Vice President and Chief Financial Officer), Michael A. Weinhold (Senior Vice President of Sales, Marketing and Product Development), Peter H. Kesser (Senior Vice President, General Counsel and Secretary), and Adam St. John (Senior Vice President of Manufacturing).
 
Hassane El-Khoury was named President and Chief Executive Officer of Cypress Semiconductor Corporation, filling a role that has been vacant since former CEO T.J. Rodgers stepped down in April 2016. El-Khoury previously served as Executive Vice President, Programmable Systems Division and Software.
 
Bridgestone Golf, Inc. appointed Angel Ilagan as its new President and Chief Executive Officer. Ilagan previously served as Executive Vice President and Chief Marketing Officer of Vera Bradley.
 
Former Government Officials Joining Corporate World
 
AAR CORP. named Marcus D. Jadotte as its new Vice President of Public Affairs. Jadotte joins AAR from the U.S. Department of Commerce, where he was Assistant Secretary of Commerce for Industry and Analysis for the International Trade Administration.
 
Mergers and Acquisitions
 
Wal-Mart Stores, Inc. announced a deal to acquire Jet.com, Inc. for $3 billion in an attempt to challenge Amazon’s dominance in e-commerce. Walmart.com and Jet will continue to operate as separate brands after the acquisition closes. The transaction is expected to be completed later this year.
 
Monster Worldwide, Inc. has agreed to be acquired by Randstad Holding nv for $429 million. Monster will continue to operate independently under its own name after the merger closes. The acquisition is expected to be completed in the fourth quarter of 2016.
 
Steinhoff International Holdings N.V. has reached a deal to acquire Mattress Firm Holding Corp. for $2.4 billion. Mattress Firm will become a subsidiary of Steinhoff, with Ken Murphy continuing as President and CEO. Steve Sanger, Mattress Firm’s Executive Chairman, will join Steinhoff’s executive committee. The merger is expected to close by the end of the third quarter of 2016.
 
Gannett Co., Inc. completed its acquisition of ReachLocal, Inc. on August 9, 2016.

 

August 5, 2016

CEO Changes

First Industrial Realty Trust, Inc. named Peter E. Baccile President, effective September 29, 2016. He will succeed Bruce W. Duncan as Chief Executive Officer on December 1, 2016, with Mr. Duncan continuing as Chairman. Mr. Baccile will join the company from UBS Securities, LLC, where he is Joint Global Head of the Real Estate, Lodging and Leisure Group.
 
Ross H. Bierkan was appointed President and Chief Executive Officer of RLJ Lodging Trust. He had been serving in the role on an interim basis since May 2016, when Thomas J. Baltimore, Jr. left the company to join Hilton Worldwide Holdings Inc. RLJ also promoted Chief Financial Officer Leslie D. Hale to the additional role of Chief Operating Officer.
 
Timothy G. NeCastro took over as Chief Executive Officer of Erie Indemnity Company on August 1, 2016, succeeding Terrence W. Cavanaugh, who will remain as President until December 31, 2016. Mr. NeCastro served as Senior Vice President and Regional Officer, West Region prior to his appointment as CEO-designate in May 2016.
 
Mergers and Acquisitions
 
KeyCorp completed its acquisition of First Niagara Financial Group, Inc. on July 29, 2016. First Niagara has been merged into KeyCorp and no longer exists as a separate corporation. The merger of First Niagara Bank into KeyBank, which requires approval from the Office of the Comptroller of the Currency, is expected in the fourth quarter of this year.
 
Verizon Communications Inc. announced an agreement to acquire Fleetmatics Group PLC for $2.4 billion. This is the latest in a series of deals to expand Verizon’s telematics business. The acquisition is expected to be completed in the fourth quarter of 2016.

 

July 28, 2016

CEO Changes

GNC Holdings, Inc. appointed board member Robert F. Moran as interim Chief Executive Officer, replacing Michael G. Archbold, who has left the company. Moran previously served as CEO of PetSmart, Inc. from 2009 to 2013.
 
Hans Vestberg stepped down as President and Chief Executive Officer of Ericsson this week. Jan Frykhammar, Executive Vice President and Chief Financial Officer, will serve as CEO until a permanent successor to Vestberg is identified. Vice President and Group Treasurer Carl Mellander was named acting CFO.
 
James M. Loree was named President and Chief Executive Officer of Stanley Black & Decker, Inc., effective August 1, 2016. He succeeds John F. Lundgren, who will remain Chairman of the Board until the end of 2016. Loree currently serves as President and Chief Operating Officer.
 
Coty Inc. announced the appointment of Camillo Pane as Chief Executive Officer, effective after Coty completes its acquisition of The Procter & Gamble Company's specialty beauty business. Pane, currently Executive Vice President of Category Development, will succeed interim CEO Bart Becht, who will continue as Chairman of the Board.
 
Gordon Knapp was named President and Chief Executive Officer of Bridgestone Americas, Inc., effective September 1, 2016. He succeeds Gary Garfield, who is retiring at the end of this year, following a transition period. Chief Financial Officer William Thompson will replace Knapp as Bridgestone Americas’ Chief Operating Officer.
 
Former Government Officials Joining Corporate World
 
Univision Communications Inc. named Diego Rodriguez to the to the newly-created role of Chief Global Security Officer. Rodriguez, a 26-year veteran of the Federal Bureau of Investigation, most recently served as Assistant Director-in-Charge of the FBI’s New York Division.
 
Mergers and Acquisitions
 
Verizon Communications Inc. has agreed to acquire Yahoo! Inc.’s operating business for $4.8 billion. Yahoo will be integrated with Verizon’s AOL business after the merger closes. The transaction is expected to be completed in the first quarter of 2017.
 
On July 24, 2016, Ahold and Delhaize Group completed their merger, forming Ahold Delhaize. Ahold chief executive Dick Boer leads the combined company as CEO.
 
Oracle Corporation hasannounced an agreement to acquire NetSuite Inc. for$9.3 billion. The transaction is expected to close later this year.
 
Joy Global Inc. has agreed to be acquired by Komatsu America Corp., a subsidiary of Komatsu Ltd., in a $3.7 billion deal. The transaction is expected to close by mid-2017.
 
Analog Devices, Inc. announced an agreement to acquire Linear Technology Corporation for $14.8 billion. The transaction is expected to be completed in first half of 2017.
 
Outerwall Inc. has agreed to be acquired by affiliates of private equity firm Apollo Global Management, LLC in a $1.6 billion deal. Outerwall will become a privately held company after the transaction is completed. The acquisition is expected to close during the third quarter of 2016.
 
VIZIO, Inc. has agreed to be acquired by LeEco for $2 billion. VIZIO’s hardware and software businesses will operate as a subsidiary of LeEco, while its data business, Inscape, will be spun off as a separate, privately held company. The transaction is expected to close during the fourth quarter of 2016.

 

July 22, 2016

CEO Changes

Alaska Air Group, Inc. announced the appointment of Ben Minicucci as Chief Executive Officer of Virgin America, Inc., succeeding David Cush. The appointment will become effective after Alaska Air Group completes its acquisition of Virgin America. Minicucci will also continue in his current roles as Chief Operating Officer and President of Alaska Airlines.
 
Phillip A. Reinsch was named President and Chief Executive Officer of Capstead Mortgage Corporation, replacing Andrew F. Jacobs. Reinsch previously served as the company’s Executive Vice President, Chief Financial Officer, Secretary and Treasurer.
 
Pacific Investment Management Company (PIMCO) named Emmanuel “Manny” Roman as its new Chief Executive Officer, effective November 1, 2016, succeeding Douglas M. Hodge, who will remain with the firm as Managing Director and Senior Advisor. Roman will step down from his current role as CEO of Man Group plc on August 31st. Luke Ellis, currently Man Group’s President, will be promoted to CEO.
 
Richard M. Olson was named President and Chief Executive Officer of The Toro Company, effective November 1, 2016. He succeeds Michael J. Hoffman, will continue as Chairman. Olson, a 30-year veteran of Toro, currently serves as President and Chief Operating Officer.
 
Former Government Officials Joining Corporate World
 
Airbnb, Inc. has hired former U.S. Attorney General Eric Holder as an advisor to work on the company’s initiative to “fight bias and discrimination” within the Airbnb platform. Holder will help Airbnb develop an anti-discrimination policy.
 
Mergers and Acquisitions
 
The Kroger Co. announced an agreement for Axium Pharmacy Holdings, Inc. to acquire Modern HC Holdings, Inc. (ModernHEALTH). The combined company will operate as a subsidiary of Kroger under the leadership of Domenic A. Meffe, ModernHEALTH’s Chief Executive Officer.

 

July 14, 2016

CEO Changes

Burberry Group plc announced that Marco Gobbetti will be joining the company as Chief Executive Officer in 2017, succeeding Christopher Bailey, who will become President and Chief Creative Officer. Gobbetti is currently Chairman and CEO of Céline.
 
Thomas F. August was named President and Chief Executive Officer of DDR Corp., replacing David J. Oakes. August, who is also Chairman of the Board of DCT Industrial Trust Inc., joined DDR’s board of directors earlier this year. He previously served as President and CEO of Equity Office Property Trust from 2010 to 2015.
 
Avnet, Inc. appointed William J. Amelio interim Chief Executive Officer, succeeding Richard P. Hamada, who has left the company. Amelio, a current Avnet board member, most recently served as President and CEO of CHC Group Ltd.
 
HCP, Inc. Executive Chairman Michael D. McKee was named to the additional role of interim President and Chief Executive Officer. He replaced Lauralee E. Martin, who has left the company. McKee served as CEO of Bentall Kennedy U.S. from 2010 to 2016.
 
B. Kevin Turner, currently Chief Operating Officer of Microsoft Corporation, was appointed Chief Executive Officer of Citadel Securities LLC. Turner will be leaving Microsoft at the end of July.
 
Former Government Officials Joining Corporate World
 
Linda S. Miller has joined Grant Thornton LLP as Director, Public Sector Fraud Risk Assessment. Miller most recently served as Assistant Director of Forensic Audits and Investigative Service at the U.S. Government Accountability Office.
 
Cameron French, former Deputy Assistant Secretary for Public Affairs in the U.S. Department of Housing and Urban Development, has joined Burson-Marsteller as Director, Public Affairs and Crisis.
 
Mergers and Acquisitions
 
On July 12, 2016, IHS Inc. and Markit Ltd. merged to form IHS Markit Ltd. Jerre L. Stead, Chairman and CEO of IHS, now holds the same title at the combined company.
 
Danone has agreed to acquire The WhiteWave Foods Company for $12.5 billion. The transaction is expected to close by the end of 2016, subject to the approval of WhiteWave’s shareholders and receipt of regulatory approvals.
 
AMC Entertainment Holdings, Inc. has agreed to acquire Odeon & UCI Cinemas Group from private equity firm Terra Firma. The transaction is expected to be completed in the fourth quarter of 2016. AMC will become the world’s largest movie theatre company after the merger closes.
 
Shiseido Americas Corporation completed its acquisition of Gurwitch Products, LLC from Alticor Inc. on July 12, 2016. Gurwitch’s portfolio of brands includes Laura Mercier and RéVive.

 

July 1, 2016

CEO Changes

Xerox Corporation announced that Jeffrey Jacobson will become Chief Executive Officer after the company completes its planned separation into two publicly traded companies, expected to be completed by the end of this year. He will succeed Ursula M. Burns, who will remain as Chairman of Xerox, post-separation. Jacobson currently serves as Corporate Executive Vice President and President, Xerox Technology.
 
Ulf Mark Schneider was appointed Chief Executive Officer of Nestlé S.A., effective January 1, 2017. He succeeds Paul Bulcke, who will become Chairman, pending election at the next annual general meeting on April 6, 2017. Schneider served as CEO of Fresenius Management SE until the end of June.
 
Toshihiro Suzuki, previously President and Chief Operating Officer, was promoted to Chief Executive Officer of Suzuki Motor Corporation. He succeeds his father, Osamu Suzuki, who remains Chairman.
 
Belk, Inc. named Lisa M. Harper as its new Chief Executive Officer, effective July 5, 2016. She succeeds Thomas M. “Tim” Belk, Jr., who will remain on the board of directors. Harper joins the company from Hot Topic, Inc., where she has served as CEO since 2011.
 
Peter Bellew was appointed Group Managing Director and Chief Executive Officer of Malaysia Airlines Berhad, replacing Christoph Mueller. Bellew previously served as the airline’s Chief Operating Officer.
 
UniCredit S.p.A. named Jean Pierre Mustier as its new Chief Executive Officer, effective July 12, 2016, succeeding Federico Ghizzoni. Mustier is currently a Partner at Tikehau Capital.
 
Former Government Officials Joining Corporate World
 
Michelle Patron has joined Microsoft Corporation as Director of Sustainability Policy. She previously served as Special Assistant to President Obama and Senior Director for Energy and Climate Change on the National Security Council.
 
Alphabet Inc. appointed Roger W. Ferguson, Jr., President and Chief Executive Officer of TIAA, to its board of directors. Ferguson served as Vice Chairman of the U.S. Federal Reserve System’s Board of Governors from 1999 to 2006.
 
Mergers and Acquisitions
 
Lions Gate Entertainment Corp. has agreed to acquire Starz, LLC for $4.4 billion. The merger is expected to close by the end of this year.

Canadian Imperial Bank of Commerce (CIBC) has agreed to acquire PrivateBancorp, Inc. in a $3.8 billion deal. The transaction is expected to be completed in the first quarter of 2017. After the merger closes, Larry Richman will remain President and CEO of PrivateBancorp and join CIBC as Head of the bank’s U.S. Region.
 
Ball Corporation completed its $6.1 billion acquisition of Rexam PLC on June 30, 2016.

 

June 23, 2016

CEO Changes

Umpqua Holdings Corporation announced that Raymond P. Davis will step down as President and Chief Executive Officer, effective January 1, 2017, and become Executive Chair of the board of directors. He will be succeeded by Cort L. O’Haver, who currently serves as President of Umpqua Bank.
 
Joseph D. Russell, Jr., Chief Executive Officer of PS Business Parks, Inc., was named President of Public Storage, effective July 1, 2016. Maria R. Hawthorne, currently President of PS Business Parks, will succeed Russell as CEO.
 
ModusLink Global Solutions, Inc. named James R. Henderson Chief Executive Officer, replacing interim CEO Warren G. Lichtenstein, who was appointed Executive Chairman. Henderson will also continue as CEO of the company’s principal operating subsidiary, ModusLink Corporation.
 
Michael P. Glimcher resigned as Vice Chairman and Chief Executive Officer of WP Glimcher Inc. Board member Louis G. Conforti was named interim CEO. The company also announced plans to change its name to back to its former name, Washington Prime Group Inc., pending a shareholder vote at its annual meeting scheduled for August 30, 2016.
 
Former Government Officials Joining Corporate World
 
Tribune Publishing Company, now known as tronc, Inc., appointed David T. Dreier, Chairman of the Annenberg-Dreier Commission, to its board of directors. Dreier was a member of the U.S. House of Representatives from 1981 to 2013.
 
Blain K. Rethmeier, former Managing Partner at Strategic Action Public Affairs, has joined Edelman as Managing Director of its West Coast Crisis and Risk practice. Rethmeier served as Special Assistant to the President for Communications during the George W. Bush administration. 
 
Mergers and Acquisitions
 
Revlon, Inc. has agreed to acquire Elizabeth Arden, Inc. for $870 million. The merger is expected to close by the end of 2016. E. Scott Beattie, Chairman, President and CEO of Elizabeth Arden, will join Revlon’s board as non-executive Vice Chairman after the transaction is completed.
 
Cision Inc. completed its acquisition of PR Newswire Association LLC from UBM plc on June 17, 2016. Cision Chief Executive Officer Peter Granat has replaced Robert A. Gray as head of PR Newswire.
 
Nassau Reinsurance Group Holdings, L.P. completed its acquisition of The Phoenix Companies, Inc. on June 20, 2016. Phillip J. Gass, Nassau Re’s Chief Executive Officer, has replaced James D. Wehr as Phoenix’s CEO.
 
On June 21, 2016, Altice N.V. completed its acquisition of Cablevision Systems Corporation, which included Cablevision's media businesses, the Newsday Media Group and News 12 Networks. Cablevision was then combined with Suddenlink to form Altice USA. Dexter Goei, President of Altice N.V., was named Chairman and Chief Executive Officer of Altice USA.

 

June 16, 2016

CEO Changes

Hanesbrands Inc. named Gerald W. Evans Jr., currently Chief Operating Officer, as its new Chief Executive Officer, effective October 1, 2016. He succeeds Richard A. Noll, who will remain with the company as Executive Chairman.
 
The Financial Industry Regulatory Authority (FINRA) appointed Robert W. Cook as President and Chief Executive Officer, effective in the second half of 2016, succeeding Richard G. Ketchum. Cook is a Partner at Cleary Gottlieb Steen & Hamilton LLP. Before joining the law firm, he served as Director of the Division of Trading and Markets at the U.S. Securities and Exchange Commission.
 
Former Government Officials Joining Corporate World
 
Michael K. Lempke was named Vice President, Energy Programs at Newport News Shipbuilding, a division of Huntington Ingalls Industries, Inc. Lempke served as Associate Principal Deputy Administrator for the National Nuclear Security Administration in the U.S. Department of Energy from 2012 to 2014.
 
Mergers and Acquisitions
 
Microsoft Corporation announced an agreement to acquire LinkedIn Corporation for $26.2 billion. LinkedIn will continue to operate independently after the merger closes, with Jeff Weiner remaining as Chief Executive Officer. The transaction is expected to close later this year, subject to approval by LinkedIn's shareholders.
 
Axiall Corporation has agreed to be acquired by Westlake Chemical Corporation for $3.8 billion. The merger is expected to be completed by the fourth quarter of 2016.
 
Cavium, Inc. has agreed to acquire QLogic Corporation in a $1.36 billion deal. The transaction is expected to close in the third quarter of 2016.

 

June 9, 2016

CEO Changes

Thomas C. Gentile, III was named President and Chief Executive Officer of Spirit AeroSystems Holdings, Inc., effective July 31, 2016. He succeeds Larry A. Lawson, who is retiring. Gentile currently serves as Executive Vice President and Chief Operating Officer.
 
The Priceline Group Inc. named Brett Keller interim Chief Executive Officer of its Priceline.com subsidiary. Keller, formerly Priceline.com’s Chief Operating Officer, replaced Paul J. Hennessy.
 
Canadian National Railway Company (CN) appointed Luc Jobin as its new President and Chief Executive Officer, effective July 1, 2016, succeeding Claude Mongeau. Jobin has served as Executive Vice President and Chief Financial Officer of CN since 2009.
 
Osamu Suzuki will step down as Chief Executive Officer of Suzuki Motor Corporation on June 29, 2016, but will continue as Chairman. The management change was made in response to the company’s admission last month of flaws in its fuel efficiency tests.
 
Walter Investment Management Corp. named George M. Awad Executive Chairman and interim Chief Executive Officer, effective June 30, 2016. He replaces Denmar J. Dixon as CEO and Daniel G. Beltzman as Chairman. Awad, currently a principal at Gibraltar Capital, previously held several roles at Citigroup, Inc., including Chief Executive Officer of Consumer Finance.
 
Former Government Officials Joining Corporate World
 
Retired U.S. Army General Lloyd J. Austin, III will join United Technologies Corporation’s board of directors, effective September 1, 2016. Austin retired earlier this year as Commander of the U.S. Central Command, after serving nearly 41 years in the military.
 
Thomas Bishop has joined BAE Systems, Inc. as Director of Legislative Affairs. He previously served as a professional staff member on the U.S. Senate Appropriations Subcommittee on Homeland Security.
 
Mergers and Acquisitions
 
NorthStar Asset Management Group Inc.Colony Capital, Inc. and NorthStar Realty Finance Corp. have agreed to a merger of equals. The new company will be named Colony NorthStar, Inc., with Richard B. Saltzman, Chief Executive Officer and President of Colony Capital, serving as CEO. The transaction is expected to close during the first quarter of 2017, subject to regulatory and shareholder approvals.
 
On June 3, 2016, United Bankshares, Inc. completed its acquisition of Bank of Georgetown, which was merged into the company’s United Bank subsidiary. Michael P. Fitzgerald, former Chairman, President and CEO of Bank of Georgetown, joined United Bankshares as a board member and was named Vice Chairman of United Bank.
 
On June 9, 2016, WL Ross Holding Corp. completed its acquisition of Nexeo Solutions Holdings, LLC. WL Ross Holding has changed its name to Nexeo Solutions, Inc. in connection with the merger.

 

June 2, 2016

CEO Changes

The Wendy's Company named Todd Penegor Chief Executive Officer, replacing Emil Brolick, as part of a planned succession process. Penegor, who also continues as President, transitioned his former Chief Financial Officer duties to Gunther Plosch. Brolick remains on the company’s board of directors.
 
David Powers was appointed Chief Executive Officer of Deckers Outdoor Corporation, succeeding Angel Martinez, who continues as Chairman. Powers previously served as the company’s President.
 
Staples, Inc. announced that Ron Sargent will step down as Chief Executive Officer, effective after the company’s annual shareholders meeting on June 14, 2016. He will remain non-executive Chairman until January 28, 2017. Shira Goodman, President of North America Operations, will serve as interim CEO.
 
Brendan Bechtel, currently President and Operating Officer, was named Chief Executive Officer of Bechtel Group, Inc., effective September 1, 2016. He succeeds Bill Dudley, who will remain with the company as Vice Chairman.
 
Robert P. Oeler retired as Chief Executive Officer of Dollar Bank on May 31, 2016, but remains as Chairman of the Board. Dollar Bank President Jim McQuade was promoted to the additional role of CEO.
 
Timothy G. NeCastro was appointed President and Chief Executive Officer-Designate of Erie Indemnity Company. He will succeed Terrence W. Cavanaugh, who is planning to retire at the end of 2016. NeCastro previously served as Senior Vice President and Regional Officer, West Region.
 
Hemlock Semiconductor named Mark Bassett Chairman and Chief Executive Officer, replacing Denise Beachy. Bassett previously served as Global Vice President of The Dow Chemical Company’s Polyurethanes business.
 
Alan Whitman took over as Chairman and Chief Executive Officer of Baker Tilly Virchow Krause, LLP on June 1, 2016, after serving as CEO-Elect since last year. He succeeds Tim Christen.
 
Former Government Officials Joining Corporate World
 
Kathleen A. Zadareky was named the head of investor and regulatory strategy for SunTrust Mortgage, Inc. She joined SunTrust from the U.S. Department of Housing and Urban Development, where she served as Deputy Assistant Secretary for Single Family Housing.
 
Retired Army General John F. Campbell was appointed to BAE Systems, Inc.’s board of directors. His 37-year military career culminated in the role of Commander of the International Security Assistance Force and U.S. Forces in Afghanistan. Before that, he served as Vice Chief of Staff of the Army from 2013 to 2014.
 
Mergers and Acquisitions
 
US Foods Holding Corp. launched its initial public offering and began trading on the New York Stock Exchange on May 26, 2016.
 
On May 28, 2016, Coca-Cola Enterprises, Inc.Coca-Cola Iberian Partners S.A.U., and Coca-Cola Erfrischungsgetränke GmbH completed their merger to form Coca-Cola European Partners plc. Coca-Cola Enterprises Chairman and CEO John F. Brock leads the new company as Chief Executive Officer.
 
Waste Connections, Inc. and Progressive Waste Solutions Ltd. completed their merger on June 1, 2016. The combined company operates under the Waste Connections name.
 
eLong, Inc. completed its going-private transaction on June 1, 2016 and ceased trading on the NASDAQ Global Select Market.
 
On June 1, 2016, TA Associates Management, L.P. completed its acquisition of Russell Investments from London Stock Exchange Group plc.

 

 

May 26, 2016

CEO Changes

DeVry Education Group Inc. named board member Lisa W. Wardell as its new President and Chief Executive Officer, replacing Daniel M. Hamburger, who has left the company. Wardell previously served as Executive Vice President and Chief Operating Officer of The RLJ Companies.
 
Waddell & Reed Financial, Inc. announced that Henry J. Herrmann will retire as Chief Executive Officer, effective August 1, 2016. He will remain with the company as non-executive Chairman of the Board. Senior Vice President and Chief Investment Officer Philip J. Sanders will succeed Herrmann as CEO and continue as Chief Investment Officer.
 
Mergers and Acquisitions
 
Hewlett Packard Enterprise Company announced plans to spin off and merge its Enterprise Services business with Computer Sciences Corporation (CSC). J. Michael “Mike” Lawrie, currently President and Chief Executive Officer of CSC, will become Chairman, President and CEO of the new company. The transaction is expected to be completed by March 31, 2017.
 
Air Liquide completed its acquisition of Airgas, Inc. on May 23, 2016.
 
FedEx Corporation completed its acquisition of TNT Express N.V. on May 25, 2016.
 
CF Industries Holdings, Inc. terminated its planned merger with OCI N.V.’s European, North American and Global Distribution businesses this week. CF Industries said that the decision was made in light of the U.S. Treasury’s new regulations, announced last month, aimed at limiting corporate tax inversions.

 

 

May 19, 2016

CEO Changes

The Progressive Corporation announced the appointment of Tricia Griffith as its new President and Chief Executive Officer, effective July 1, 2016. She succeeds Glenn M. Renwick, who will continue as Executive Chairman. Griffith currently serves as Personal Lines Chief Operating Officer.
 
Joseph M. Zubretsky, former Senior Executive Vice President and head of the Healthagen business at Aetna Inc., was named President and Chief Executive Officer of The Hanover Insurance Group, Inc., effective June 20, 2016. He succeeds Frederick H. Eppinger, who is retiring.
 
Skyworks Solutions, Inc. promoted its President Liam K. Griffin to Chief Executive Officer. He succeeds David J. Aldrich, who was named Executive Chairman.
 
Gregory Delaney was named interim Chief Executive Officer of Catalina Marketing Corporation, replacing Jamie P. Egasti, who remains with the company as Vice Chairman. Delaney, a Catalina board member, previously served as Chief Operating Officer of Acosta Sales and Marketing Company.
 
Hugo Boss AG appointed Mark Langer as Chairman of the Managing Board and Chief Executive Officer. The position had been vacant since the departure of Claus-Dietrich Lahrs in February. Langer previously served as the company’s Chief Financial Officer.
 
Mike Jurecki was named Chief Executive Officer of FordDirect, effective June 6, 2016. He replaces interim CEO Valerie Fuller, who will continue as Chief Operating Officer. Jurecki has served as CEO of RouteOne LLC since 2002.
 
Royce & Associates, LP announced that Christopher D. Clark will succeed Charles M. Royce as Chief Executive Officer, effective July 1, 2016. Clark will also continue in his current roles as President and Co-Chief Investment Officer. Royce will remain with the firm as Chairman and Portfolio Manager.
 
Former Government Officials Joining Corporate World
 
Travis Considine has joined Hill+Knowlton Strategies as Vice President, Public Affairs in its Austin office. Considine was former Texas Governor Rick Perry’s Deputy Press Secretary, and later went on to serve as Press Secretary for Perry’s 2016 presidential campaign.
 
Perella Weinberg Partners LP appointed Susan C. Schwab to its Advisory Board. Schwab served as US Trade Representative from 2006 to 2009.
 
Mergers and Acquisitions
 
Charter Communications, Inc. and Time Warner Cable Inc. completed their merger on May 18, 2016. In a related transaction, Charter also completed its acquisition of Bright House Networks, LLC from Advance/Newhouse Partnership.
 
Western Digital Corporation completed its acquisition of SanDisk Corporation on May 12, 2016.
 
  

May 12, 2016

CEO Changes

Kansas City Southern named Patrick J. Ottensmeyer as its new Chief Executive Officer, effective July 1, 2016. He will also retain his current President title. Ottensmeyer succeeds David L. Starling, who will serve as Senior Advisor to the CEO until his retirement on December 31, 2016 and as a board member until May 2017.
 
Former Government Officials Joining Corporate World
 
Diane Rinaldo has joined SAP America, Inc. as Director, Government Relations. She previously served as a staff member on the U.S. House Permanent Select Committee on Intelligence.
 
Huntington Bancshares Incorporated elected former National Security Agency Deputy Director John C. “Chris” Inglis to its board of directors.
 
Mergers and Acquisitions
 
Computer Sciences Corporation (CSC) completed its acquisition of Xchanging plc on May 5, 2016.
 
Staples, Inc. and Office Depot, Inc. announced that they will terminate their merger agreement, effective May 16, 2016. The decision came after the U.S. District Court in the District of Columbia granted the Federal Trade Commission’s (FTC) request for a preliminary injunction to block Staples’ proposed acquisition of Office Depot.
 
  

May 5, 2016

CEO Changes

Darren R. Huston resigned as President and Chief Executive Officer of The Priceline Group Inc. following a board investigation, which found that his personal relationship with a Priceline employee violated the company’s code of conduct. Chairman Jeffery H. Boyd was named interim CEO and President.
 
Syngenta AG named J. Erik Fyrwald as its new Chief Executive Officer, effective June 1, 2016, replacing interim CEO John Ramsay. Fyrwald will join the company from Univar Inc., where he currently serves as President and CEO.
 
Stephen D. Newlin was appointed as the new President and Chief Executive Officer of Univar Inc., effective May 31, 2016. Newlin, a Univar board member, will be stepping down as Executive Chairman of PolyOne Corporation on May 12th.
 
Amedeo Felisa has retired as Chief Executive Officer of Ferrari N.V. He was succeeded by Sergio Marchionne, who adds the CEO title to his current Chairman role. Marchionne also serves as CEO of Fiat Chrysler Automobiles N.V.
 
Air France-KLM named Jean-Marc Janaillac as its new Chairman and Chief Executive Officer, succeeding Alexandre de Juniac, who will be leaving the company by July 31, 2016. Janaillac currently serves as Chairman and CEO of Transdev.
 
Central Garden & Pet Company appointed board member George C. Roeth as its new President and Chief Executive Officer, effective June 1, 2016. He succeeds John R. Ranelli, who will remain with the company as a senior advisor and board member. Roeth most recently served as Executive Vice President and Chief Operating Officer at The Clorox Company.
 
Matthew P. Moynahan was appointed Chief Executive Officer of Forcepoint, LLC, replacing interim CEO James M. Hagan, who remains with the company as Chief Operating Officer. Moynahan previously served as President of Arbor Networks, Inc.
 
T.J. Rodgers has stepped down as President and Chief Executive Officer of Cypress Semiconductor Corporation. He remains on the company’s board and will continue to work on technical projects. An interim Office of the CEO, consisting of four executive vice presidents, has been established while the company searches for a permanent successor.
 
Teradata Corporation appointed Victor L. Lund President and Chief Executive Officer, replacing Michael F. Koehler. Lund has served as a Teradata board member since 2007.
 
Epson America, Inc. named Keith Kratzberg as its new President and Chief Executive Officer, effective July 1, 2016. Kratzberg, currently Senior Vice President, Sales and Marketing, will succeed John D. Lang, who is retiring on June 30th.
 
Former Government Officials Joining Corporate World
 
Weber Shandwick announced the appointment of Andrew “Drew” O’Brien as Executive Vice President, Global Partnerships within its Global Corporate practice. O’Brien joins the firm from the U.S. State Department, where he was Special Representative for Global Partnerships in the Secretary of State’s Office of Global Partnerships.
 
Former New York State Assemblyman Paul A. Tokasz was named Administrative Vice President, Government Relations at M&T Bank Corporation. Tokasz served as New York State Assembly Majority Leader from 2001 to 2006. He joined M&T from Patricia Lynch Associates Inc., where he was a Partner.
 
Mergers and Acquisitions
 
Comcast Corporation’s NBCUniversal unit has agreed to acquire DreamWorks Animation SKG, Inc. DreamWorks will operate under the Universal Filmed Entertainment Group after the acquisition is completed. The transaction is expected to close by the end of 2016.
 
Oracle Corporation has agreed to acquire Opower, Inc. in a $532 million deal. The transaction is expected to close in 2016.
 
On May 2, 2016, Legg Mason, Inc. completed a deal combining its Permal Group Inc. subsidiary with EnTrust Capital, forming EnTrustPermal. Legg Mason now owns 65% of EnTrustPermal, which is led by Gregg S. Hymowitz as Chairman and Chief Executive Officer.
 
United Online, Inc. has agreed to be acquired by B. Riley Financial, Inc. for $170 million. The merger is expected to close in the third quarter of 2016.
 
  

April 28, 2016

CEO Changes

Pinnacle Foods Inc. named Mark A. Clouse, currently Mondelez International, Inc.’s Executive Vice President and Chief Commercial Officer, as its new Chief Executive Officer, effective May 23, 2016. He replaces Robert J. Gamgort, who is leaving the company at the end of April to become President and CEO of Keurig Green Mountain, Inc. Pinnacle Chief Financial Officer Craig Steeneck will serve as interim CEO until Clouse’s start date.
Paul D. Donahue, President of Genuine Parts Company, will be promoted to President and Chief Executive Officer, effective May 1, 2016. He succeeds Thomas C. Gallagher, who will continue as Chairman of the Board.
 
NIKE Inc. appointed Davide Grasso  as President and Chief Executive Officer of its Converse Inc. subsidiary, replacing James Calhoun. Grasso previously served as NIKE’s Chief Marketing Officer.
 
Connie Partoyan was promoted from President to Chief Executive Officer of The Direct Impact Company, a subsidiary of Burson-Marsteller. She previously served as Chief of Staff for Congresswoman Cathy McMorris Rodgers (R-WA) prior to joining Direct Impact.
 
Thomas J. Baltimore, Jr. resigned as President and Chief Executive Officer of RLJ Lodging Trust, effective May 11, 2016. He will be joining Hilton Worldwide Holdings Inc. on May 16th to become CEO of the planned real estate investment trust that will be spun off from Hilton later this year. Ross H. Bierkan, RLJ’s Chief Investment Officer and Executive Vice President, will serve as interim CEO.
 
Mergers and Acquisitions
 
Global Payments Inc. completed its acquisition of Heartland Payment Systems, Inc. on April 25, 2016. The combined company operates under the Global Payments name.
 
On April 25, 2016, eBay Enterprise and Innotrac Corporation, a Sterling Partners portfolio company, combined to form Radial. Tobias Hartmann, formerly Vice President and General Manager, Enterprise Solutions for eBay Enterprise, serves as President of Radial.
 
  

April 21, 2016

CEO Changes

Rockwell Automation, Inc. appointed Blake D. Moret as its new President and Chief Executive Officer, effective July 1, 2016. He succeeds Keith D. Nosbusch, who will remain Chairman. Moret has served as Senior Vice President, Control Products and Solutions since 2011.

W. Timothy “Tim” Yaggi, former Chief Operating Officer of Tempur Sealy International, Inc., was named President and Chief Executive Officer of Pella Corporation, effective May 9, 2016. Pella’s Chairman, Adam Farver, has been serving as interim President and CEO.

Great-West Lifeco Inc. announced the retirement of Bill Kyle as Chief Executive Officer of its Irish Life Group Limitedsubsidiary, effective June 30, 2016. David Harney, currently Managing Director, Corporate Business, will succeed Kyle as CEO. 

Former Government Officials Joining Corporate World

BAE Systems, Inc. has appointed Jonathan W. Greenert to its board of directors. Greenert, a retired U.S. Navy admiral, served as Chief of Naval Operations from 2011 to 2015.

Steve Bosack will be joining Pentagon Federal Credit Union as Special Advisor to President and CEO James Schenck, effective May 23, 2016. Bosack currently works at the National Credit Union Administration, where he serves as Chief of Staff to Chairman Deborah Matz.

Janice Mays, Democratic Chief Counsel at the U.S. House Committee on Ways and Means, will be joining PricewaterhouseCoopers Washington National Tax Services as Managing Director, Tax Policy Services, effective July 1, 2016.  

Mergers and Acquisitions

Newell Rubbermaid Inc. completed its acquisition of Jarden Corporation on April 15, 2016. Newell Rubbermaid was renamed Newell Brands Inc. following the completion of the merger.

McGraw Hill Financial, Inc. has agreed to sell its J.D. Power and Associates business to XIO Group, a global alternative investments firm, for $1.1 billion. The transaction is expected to close during the third quarter of 2016.

Follett Corporation announced its acquisition of Baker & Taylor on April 18, 2016. Baker & Taylor President and CEO George F. Coe will continue to lead the company in an expanded role as Follett Group President, Baker & Taylor and Follett School Solutions.

Lexmark International, Inc. has agreed to be acquired by a consortium led by Apex Technology Co. Ltd. and PAG Asia Capital in a $3.6 billion deal. The transaction, expected to close in the second half of 2016, requires shareholder and regulatory approval, including approval from the Committee on Foreign Investment in the United States (CFIUS).

On April 18, 2016,  White Mountains Insurance Group, Ltd. completed the sale of Sirius International Insurance Group, Ltd. to a subsidiary of China Minsheng Investment Corp., Ltd.  

 
  

April 14, 2016

CEO Changes

Fiduciary Trust Company International named John M. Dowd as its new Chief Executive Officer, replacing interim CEO William Y. Yun. Dowd previously served as Senior Managing Director, Northeast Region at Wells Fargo Private Bank.
 
Per H. Utnegaard resigned as Chairman of the Executive Board at Bilfinger SE, effective April 30, 2016. Chief Financial Officer Axel Salzmann will replace Utnegaard as CEO on an interim basis.
 
Former Government Officials Joining Corporate World
 
David Stoudt has joined Booz Allen Hamilton Inc. as Senior Executive Advisor and Fellow. Stoudt previously served as Senior Director, Naval Capabilities and Readiness in the Office of the Deputy Under Secretary of the Navy.
  
Mergers and Acquisitions
 
Gannett Co., Inc. completed its acquisition of Journal Media Group, Inc. on April 8, 2016.
 
International Business Machines Corporation’s IBM Watson Group completed its $2.6 billion acquisition of Truven Health Analytics on April 8, 2016.
 
On April 13, 2016, Legg Mason, Inc. completed its acquisition of an 82% equity interest in Clarion Partners, LLC. Clarion’s previous majority owner was Lightyear Capital LLC.
 
  

April 7, 2016

CEO Changes

Shawn Morin, President and Chief Operating Officer of Ingram Content Group Inc., has been promoted to Chief Executive Officer and President. He succeeds John R. Ingram, who remains Chairman.
 
RentPath, LLC named Marc P. Lefar as its new President and Chief Executive Officer. Interim CEO Kim R. Payne remains with the company as Senior Vice President and Chief Financial Officer. Lefar previously served as CEO of Vonage Holdings Corp. from 2008 to 2014.
 
Thomas R. Greco was appointed Chief Executive Officer of Advance Auto Parts, Inc., effective April 11, 2016. He joins the company from Frito-Lay North America, Inc., where he has served as CEO since 2011. Interim CEO George E. Sherman will continue as President of Advance Auto Parts.
 
Mutual of America Life Insurance Company named its President John R. Greed to the additional role of Chief Executive Officer. He succeeds Thomas J. Moran, who remains Chairman of Mutual of America.
 
Former Government Officials Joining Corporate World
 
Daniel Christenson has joined PepsiCo, Inc. as Director, Federal Government Relations and Regulatory Affairs. He served as Deputy Chief of Staff at the U.S. Department of Agriculture from 2014 to 2016.
 
Union Pacific Corporation has elected Jane H. Lute to its board of directors. She served as Deputy Secretary of the U.S. Department of Homeland Security from 2009 to 2013.
  
Mergers and Acquisitions
 
Thermo Fisher Scientific completed its $1.3 billion acquisition of Affymetrix, Inc. on March 31, 2016.
 
Alaska Air Group, Inc. announced an agreement to acquire Virgin America, Inc. for $2.6 billion. The combined company will be based in Seattle and led by Bradley D. Tilden, Chairman and CEO of Alaska Air Group. The merger is expected to be completed by January 1, 2017, subject to regulatory approval and approval by Virgin America shareholders.
 
Microchip Technology Incorporated completed its acquisition of Atmel Corporation on April 4, 2016.
 
On April 4, 2016, Armstrong Flooring, Inc. completed its spin-off from Armstrong World Industries, Inc. as an independent, publicly traded company.
 
  

March 31, 2016

CEO Changes

PartnerRe Ltd. promoted its President Emmanuel Clarke to the additional role of Chief Executive Officer. Clarke replaced Mario Bonaccorso, who served briefly as interim CEO following the completion of EXOR S.p.A.’s acquisition of PartnerRe earlier this month.
 
James W. Lanning was named President and Chief Executive Officer of Ingles Markets, Incorporated. Lanning, formerly President and Chief Operating Officer, succeeded Robert P. Ingle, II, who remains with the company as Chairman of the Board.
 
Pandora Media, Inc. appointed Tim Westergren, the company’s founder, as its new Chief Executive Officer. Westergren, who had been serving as a board member, succeeded Brian McAndrews as CEO. James M.P. Feuille replaced McAndrews as Chairman of the Board.
 
Fabian T. Garcia was named President and Chief Executive Officer of Revlon, Inc., effective April 15, 2016. He joins Revlon from Colgate-Palmolive Company, where he serves as Chief Operating Officer, Global Innovation & Growth and Europe, South Pacific and Hill's Pet Nutrition. The CEO position at Revlon has been vacant since Lorenzo Delpani resigned at the beginning of March.
 
Eric D. Strafel was named President and Chief Executive Officer of Aviall, Inc. He succeeded Edward P. Dolanski, who joined Aviall’s parent company earlier this month as President, Global Services and Support at Boeing Defense, Space & Security. Strafel previously served as Vice President, Boeing Defense, Space & Security Autonomous Systems for Boeing Military Aircraft.
 
ModusLink Global Solutions, Inc. named Warren G. Lichtenstein as its interim Chief Executive Officer, replacing John J. Boucher. Lichtenstein will also continue as Chairman of the Board. James R. Henderson, former CEO of School Specialty, Inc., was named CEO of the company’s principal subsidiary, ModusLink Corporation.
  
Mergers and Acquisitions
 
Foxconn Technology Group and Sharp Corporation have announced a strategic alliance deal under which Foxconn will acquire a 66% stake in Sharp for $3.5 billion.
 
  

March 24, 2016

CEO Changes

Tamara Ingram was named Chief Executive Officer of J. Walter Thompson Company (JWT). She replaced Gustavo Martinez, who was accused of sexist and racist behavior in a lawsuit filed by JWT Chief Communications Officer Erin Johnson. Ingram previously served as Chief Client Team Officer at JWT’s parent company, WPP plc.
 
American Capital Agency Corp. named Gary D. Kain, President and Chief Investment Officer, to the additional role of Chief Executive Officer. He succeeds Malon Wilkus as CEO. Alvin N. Puryear has replaced Wilkus as Chairman of the Board.
 
Philippe Donnet, Country Manager for Italy, was promoted to Group Chief Executive Officer and Managing Director of Assicurazioni Generali, S.p.A. He succeeds Generali Chairman Gabriele Galateri di Genola, who had been serving as interim CEO since the departure of Mario Greco in February.
 
Henri de Castries will step down as Chairman and Chief Executive Officer of AXA on September 1, 2016. He will be succeeded as CEO by Thomas Buberl, who was promoted to Deputy CEO from his previous role as CEO of AXA Germany. Deputy CEO Denis Duverne was named non-executive Chairman of the Board, effective September 1, 2016.
 
William Lyon Homes announced the transition of Vice Chairman and Co-Chief Executive Officer William H. Lyon to the role of Executive Chairman, succeeding his father William Lyon, who was named Chairman Emeritus. Co-CEO Matthew R. Zaist will now serve as President and CEO.
 
Robert J. Gamgort was appointed Chief Executive Officer of Keurig Green Mountain, Inc., effective May 2, 2016. He succeeds Brian Kelley, who will remain with the company as Vice Chairman of the Board. Gamgort will join Keurig from Pinnacle Foods Inc., where he currently serves as CEO. Pinnacle Foods is currently searching for Gamgort’s replacement.
 
Former Government Officials Joining Corporate World
 
Brian R. Besanceney was named Senior Vice President and Chief Communications Officer at Wal-Mart Stores, Inc., effective April 1, 2016. He joins Walmart from The Walt Disney Company, where he was Senior Vice President, Walt Disney World Public Affairs and Worldwide Government and Industry Relations. Before joining Disney, Besanceney served as Deputy Chief of Staff for Planning at the U.S. State Department from 2006 to 2009.
 
Neelie Kroes has been elected to salesforce.com, inc.’s board of directors, effective May 1, 2016. Kroes served as a European Commissioner from 2004 to 2009 and as Vice President of the European Commission from 2010 to 2014.
 
Mergers and Acquisitions
 
EXOR S.p.A. completed its acquisition of PartnerRe Ltd. on March 18, 2016.
 
The Sherwin-Williams Company announced an agreement to acquire The Valspar Corporation for $11.3 billion. The transaction is expected to close by the first quarter of 2017, subject to regulatory and Valspar shareholder approval.
 
WL Ross Holdings Corp. (WLRH) has agreed to acquire Nexeo Solutions Holdings, LLC from private equity firm TPG, which will retain a 35 percent ownership stake in Nexeo. After the transaction is completed, WLRH will change its name to Nexeo Solutions, Inc. The merger is expected to close in the second quarter of 2016, subject to regulatory and WLRH stockholder approval.
 
Cisco Systems, Inc. completed its acquisition of Jasper Technologies, Inc. on March 22, 2016.

  

March 17, 2016

CEO Changes

Cabot Corporation named Sean D. Keohane as its new President and Chief Executive Officer. He succeeds Patrick M. Prevost, who remains with the company as an advisor and board member. Keohane most recently served as Executive Vice President and President of Cabot’s Reinforcement Materials Segment.
 
Nandita Bakhshi was appointed President and Chief Executive Officer-designate of Bank of the West, effective April 1, 2016. She most recently served as Executive Vice President and Head, Direct Channels at TD Bank, N.A. Bakhshi will succeed J. Michael Shepherd as President and CEO on June 1, 2016. Shepherd will remain Chairman and also take on a new role for the parent company BNP Paribas, serving as Chairman of BNP Paribas USA, a new holding company for BNP Paribas’ U.S. subsidiaries.
 
Former Government Officials Joining Corporate World
 
PacWest Bancorp named Stanley R. Ivie as its new Executive Vice President and Chief Risk Officer. He most recently worked at the Federal Deposit Insurance Corporation, where he was Regional Director of the San Francisco Office within the Division of Risk Management Supervision.
 
Coryann Stefansson has joined BlackRock, Inc. as a Managing Director in its Financial Markets Advisory division. She previously served as Associate Director of Banking Supervision and Regulation at the Federal Reserve System’s Board of Governors.
 
Matthew Wojtkun, former Press Secretary for U.S. Representative Nita M. Lowey (D-NY-17), has joined public relations firm Powell Tate as a Vice President.
 
Mergers and Acquisitions
 
Nasdaq, Inc. has entered into an agreement to acquire International Securities Exchange from Deutsche Börse Group. The transaction is expected to close in the second half of 2016.

  

March 10, 2016

CEO Changes

Commerzbank AG named Martin Zielke Chairman of the Board of Managing Directors (the functional equivalent of a CEO), effective May 1, 2016. Zielke, who currently serves as Managing Director, will succeed Martin Blessing.
 
Mark T. Smucker, currently President, Consumer and Natural Foods, was appointed President and Chief Executive Officer of The J.M. Smucker Company, effective May 1, 2016. He will succeed Richard K. Smucker, who will become Executive Chairman of the Board. 
 
Mutual of America Life Insurance Company promoted its President, John R. Greed, to the additional role of Chief Executive Officer, effective April 1, 2016. He succeeds Thomas J. Moran, who will remain with the company as Chairman.
 
Former Government Officials Joining Corporate World
 
Unisys Corporation has appointed William Searcy III as head of its new Justice, Law Enforcement and Border Security initiative. Searcy, a 20-year veteran of the FBI, served as Deputy Assistant Director, as well as Acting Assistant Director, of the FBI’s Information Technology Infrastructure Division.
 
Mergers and Acquisitions
 
On March 3, 2016, an investor group led by JAB Holding Company completed its acquisition of Keurig Green Mountain, Inc. As a result, Keurig Green Mountain became privately owned.
 
AMC Entertainment Holdings, Inc. has agreed to acquired Carmike Cinemas, Inc. in a deal valued at $1.1 billion. The transaction is expected to be completed by the end of 2016, subject to regulatory approval and approval by Carmike’s shareholders.
 
Manitowoc Foodservice, Inc. completed its spin-off  from The Manitowoc Company, Inc. as an independent, publicly traded company on March 4, 2016.
 
On March 7, 2016, Meiji Yasuda Life Insurance Company completed its acquisition of StanCorp Financial Group, Inc.

  


March 3, 2016

CEO Changes

Mitchell R. Butier was named President and Chief Executive Officer of Avery Dennison Corporation, effective May 1, 2016. He succeeds Dean Scarborough, who will remain with the company as Executive Chairman. Butier has been Avery Dennison’s President and Chief Operating Officer since 2014. 

Olin Corporation has appointed John E. Fischer, currently President and Chief Operating Officer, as its President and Chief Executive Officer, effective May 1, 2016. He will succeed Joseph D. Rupp, who will remain Chairman. 

Lorenzo Delpani has resigned as President and Chief Executive Officer of Revlon, Inc. He remains on the board of directors and will serve as a paid advisor to the company. A new CEO has not been announced yet, but Gianni Pieraccioni, Executive Vice President and Global President of the Revlon Consumer Division, was promoted to Chief Operating Officer. 

Engility Holdings, Inc. named board member Lynn A. Dugle as its new Chief Executive Officer, effective March 21, 2016, succeeding Anthony Smeraglinolo. Dugle previously served as President of Intelligence, Information and Services at Raytheon Company. 

Brad MacAfee was appointed Chief Executive Officer of Porter Novelli, replacing Karen van Bergen, who has been named Chief Executive Officer of Omnicom Public Relations Group. MacAfee previously served as Senior Partner and President of Porter Novelli’s North America region.
 
Former Government Officials Joining Corporate World
 
Krysta Harden has joined E. I. du Pont de Nemours and Company (DuPont) as Vice President, Public Policy and Chief Sustainability Officer. Harden most recently served as Deputy Secretary of the U.S. Department of Agriculture.
 
Mergers and Acquisitions
 
Snyder's-Lance, Inc. completed its acquisition of Diamond Foods, Inc. on February 29, 2016.
 
On March 1, 2016, Avon Products, Inc. completed the separation of its North America business into a privately held company named New Avon LLC. The new company is majority owned by Cerberus Capital Management, L.P.
 
Hachette Book Group has agreed to acquire Perseus Books Group’s publishing business. After the transaction is completed, Susan Weinberg will join Hachette’s Executive Management Board as Senior Vice President and Publisher of Perseus Books. 

 

February 25, 2016

CEO Changes

Justin C. Dearborn was named Chief Executive Officer of Tribune Publishing Company, replacingJohn H. “Jack” Griffin, Jr. Dearborn most recently served as Chief Executive Officer of Merge Healthcare, Inc.
 
Cooper Tire & Rubber Company appointed Bradley E. Hughes, currently Senior Vice President and Chief Operating Officer, as its next President and Chief Executive Officer, effective August 31, 2016. He succeeds Roy V. Armes, who is retiring.
 
Manny Mashouf was named Chief Executive Officer of bebe stores, inc., resuming a role he previously held from 1976 to 2004 and from 2009 to 2013. He replaced Jim Wiggett, who is no longer with the company. Mashouf will also continue to serve as Chairman.
 
John N. Haugh, former President of Sun, Luxury and Retail Services for Luxottica Retail, N.A., was named President of Iconix Brand Group, Inc. He will become Chief Executive Officer on April 1, 2016, replacing interim CEO F. Peter Cuneo, who will remain with the company as Executive Chairman. 

 

Level 3 Communications, Inc. announced that President and Chief Executive Officer Jeff K. Storey will be on medical leave for approximately two months, in order to recover from surgery related to a heart condition. Sunit S. Patel, Executive Vice President and Chief Financial Officer, will take on the additional role of interim CEO.

Former Government Officials Joining Corporate World

Peter R. Orszag was named Managing Director and Vice Chairman of Investment Banking at Lazard Ltd, effective May 16, 2016. He joins Lazard from Citigroup Inc., where he serves as Vice Chairman of Corporate and Investment Banking and Chairman of the Financial Strategy and Solutions Group. Orszag was the Director of the Office of Management and Budget in the Obama Administration from 2009 until 2010. Before that, he served as Director of the Congressional Budget Office from 2007 to 2008. 

Ocwen Financial Corporation appointed Carol J. Galante to its board of directors. Her appointment will become effective the day after Ocwen files its annual report with the Securities and Exchange Commission. Galante served as Assistant Secretary for Housing/Federal Housing Administration Commissioner at the U.S. Department of Housing and Urban Development in the Obama Administration.

Mergers and Acquisitions

Weyerhaeuser Company completed its acquisition of Plum Creek Timber Company, Inc. on February 19, 2016.
 
Activision Blizzard, Inc. completed its acquisition of King Digital Entertainment plc on February 23, 2016. King will continue to operate under the leadership of Chief Executive Officer Riccardo Zacconi. 

Newport Corporation has agreed to be acquired by MKS Instruments, Inc. The merger is expected to close in the second quarter of 2016. 

 

 


February 18, 2016

CEO Changes

Dennis L. May stepped down as President and Chief Executive Officer of hhgregg, Inc. Robert J. Riesbeck, hhgregg’s Chief Financial Officer, was named interim President and CEO. He will also continue to serve as the company’s CFO.

Healthcare Realty Trust Incorporated announced the appointment of Todd J. Meredith as President and Chief Executive Officer, effective December 30, 2016. He will succeed David R. Emery, who will remain with the company as Executive Chairman for a five-year term. Meredith has served as Executive Vice President of Investments since 2011.

Former Government Officials Joining Corporate World

Gary F. Locke, former Governor of Washington, was appointed to AMC Entertainment Holdings, Inc.’s board of directors. Locke also served as the U.S. Secretary of Commerce from 2009 to 2011 and as U.S. Ambassador to China from 2011 to 2014.

Mergers and Acquisitions

The ADT Corporation has agreed to be acquired by private equity firm Apollo Global Management, LLC. Under the deal, ADT will merge with Protection 1 (an Apollo portfolio company), with the combined business operating under the ADT brand name. The transaction is expected to be completed by June 2016.

Ingram Micro Inc. has agreed to be acquired by Tianjin Tianhai Investment Company, Ltd. for $6 billion. After the merger closes, Ingram Micro will become a part of HNA Group, with the current executive team, including CEO Alain Monié, remaining with the company. 

 

 

February 11, 2016

CEO Changes

Lisa Dolly, currently Chief Operating Officer, was named Chief Executive Officer of Pershing LLC, effective February 16, 2016. She succeeds Ronald DeCicco, who will serve as an executive advisor.

Black Box Corporation appointed E.C. Sykes as its new President and Chief Executive Officer, effective February 29, 2016, succeeding Michael McAndrew. Sykes most recently served as President and CEO of Switch Lighting.

Michael Wolf was ousted as President and Chief Executive Officer of Swedbank AB by the bank’s board of directors. Birgitte Bonnesen, Head of Swedish Banking, was named acting CEO.

Assicurazioni Generali, S.p.A. appointed Gabriele Galateri di Genola, the company’s Chairman, as interim Chief Executive Officer. He replaces Mario Greco, who is joining Zurich Insurance Group Ltd as CEO on May 1, 2016.

Former Government Officials Joining Corporate World

Aida M. Alvarez, former Administrator of the United States Small Business Administration, was elected to HP Inc.’s board of directors.

Mergers and Acquisitions

Apollo Education Group, Inc. has agreed to be acquired by a consortium of investors including The Vistria Group, LLC, funds affiliated with Apollo Global Management, LLC, and Najafi Companies. The going-private transaction is expected to be completed by the end of August 2016. Tony Miller, Chief Operating Officer and Partner of The Vistria Group and former Deputy Secretary of the U.S. Department of Education, will become Apollo Education’s Chairman of the Board after the acquisition closes.

 

 

February 4, 2016

CEO Changes

Delta Air Lines, Inc. announced the promotion of Edward H. Bastian to Chief Executive Officer, effective May 2, 2016. He succeeds Richard H. Anderson, who will become Executive Chairman. Bastian will be succeeded in his current role as President by Glen W. Hauenstein, Delta’s Executive Vice President and Chief Revenue Officer.

Ronald M. DeFeo was named President and Chief Executive Officer of Kennametal Inc., replacing Donald A. Nolan, who has left the company. DeFeo, a Kennametal board member, previously served as Chairman and CEO of Terex Corporation.

SUPERVALU INC. appointed Mark Gross as its new President and Chief Executive Officer, effective February 5, 2016. He succeeds Sam K. Duncan, who will serve as a special advisor to the board of directors until his retirement on February 29, 2016. Gross most recently served as President of Surry Investment Advisors, LLC.

Richard E. Holbrook will be retiring as Chairman and Chief Executive Officer of Eastern Bank Corporation on December 31, 2016. He will be succeeded by Robert F. Rivers, Eastern Bank’s President and Chief Operating Officer, on January 1, 2017.

Dirk Fuehrer was named Chief Executive Officer of Worldhotels, effective February 15, 2016, replacing Kristin Intress, who is leaving the company. Fuehrer was formerly Chief Commercial Officer at Steigenberger Hotel Group.

Former Government Officials Joining Corporate World

Alexander N.M. Niejelow was appointed Senior Vice President, Public Policy at MasterCard International Incorporated, effective February 8, 2016. Niejelow most recently served as Director for Cybersecurity Policy on President Obama’s National Security Council, as well as Chief of Staff to the U.S. Intellectual Property Enforcement Coordinator.

Mergers and Acquisitions

Xerox Corporation has announced a plan to separate the company into two independent, publicly traded companies: a Document Technology company and a Business Process Outsourcing (BPO) company. Xerox expects to complete the separation by the end of 2016.

Berkshire Hathaway Inc. completed its acquisition of Precision Castparts Corp. on January 29, 2016.

Sumitomo Life Insurance Company completed its acquisition of Symetra Financial Corporation on February 1, 2016.

VITAC Corporation was acquired by The Gores Group, LLC, a global investment firm, on February 2, 2016. VITAC was previously owned by Merrill Corporation.

On February 3, 2016, private equity firm Liberty Hall Capital Partners announced its acquisition of AIM Aerospace Inc.

 

 

January 28, 2016

CEO Changes

RCS Capital Corporation appointed board member Bradley E. Scher as its new Chief Executive Officer. Scher is the managing member of Ocean Ridge Capital Advisors, LLC, an independent consulting firm. He replaced R. Lawrence “Larry” Roth, who remains CEO of Cetera Financial Group, Inc, a subsidiary of RCS Capital.

Mario Greco, currently Chief Executive Officer of Assicurazioni Generali, S.p.A., was named CEO of Zurich Insurance Group Ltd, effective May 1, 2016. He succeeds interim CEO Tom de Swaan, who will remain Chairman. Greco previously served as Zurich’s CEO of General Insurance before joining Generali. 

Former Government Officials Joining Corporate World

Nkechi “Payton” Iheme has joined Facebook, Inc. as Public Policy Manager. She previously served as Senior Policy Advisor for Communication Technology in the National Security and International Affairs Division of the White House Office of Science and Technology Policy.

Mergers and Acquisitions

Johnson Controls, Inc. and Tyco International Ltd. have agreed to merge. The combined company will be domiciled in Ireland and renamed Johnson Controls plc. Johnson Controls CEO Alex Molinaroli will initially serve as Chairman and CEO of the merged company, with Tyco chief executive George R. Oliver in the role of President and Chief Operating Officer. After 18 months, Oliver will take over as CEO. The transaction is expected to close by the end of fiscal year 2016.

Huntington Bancshares Incorporated has agreed to acquire FirstMerit Corporation for $3.4 billion. The acquisition is expected to be completed in the third quarter of 2016.

Lockheed Martin Corporation has agreed to separate and combine its Information Systems & Global Solutions (IS&GS) business with Leidos Holdings Inc. The transaction is expected to close in the second half of 2016. 

 


January 21, 2016

CEO Changes

Henkel AG & Co. KGaA appointed Hans van Bylen, currently Executive Vice President of Beauty Care, as its new Chief Executive Officer, effective May 1, 2016. He succeeds Kasper Rorsted, who is leaving the company after eight years as CEO.

John Seifert was named Chief Executive Officer of Ogilvy & Mather Worldwide, succeeding Miles Young, who will remain Chairman until September 1, 2016. Seifert will continue in his current role as Chairman and CEO of Ogilvy & Mather North America.

Golub Corporation, the parent company of Price Chopper and Market 32 grocery stores, has promoted President and Chief Operating Officer Scott Grimmett to Chief Executive Officer. He succeeds Jerel T. “Jerry” Golub, who was named Vice Chairman of the Board.

Kirill Tatarinov, former Executive Vice President, Microsoft Business Solutions Division at Microsoft Corporation, was appointed President and Chief Executive Officer of Citrix Systems, Inc., effective January 25, 2016. He replaces interim CEO Robert M. Calderoni, who remains Executive Chairman.

Former Government Officials Joining Corporate World

Samuel A. Scales has joined Ford Motor Company as Manager of Government Affairs. He previously served as Director of Coalitions and Member Services at the U.S. House Committee on Natural Resources.

Mergers and Acquisitions

On January 14, 2016, ACE Limited completed its acquisition of The Chubb Corporation and subsequently changed its name to Chubb Limited.

Pinnacle Foods Inc. completed its acquisition of Boulder Brands, Inc. on January 15, 2016.

On January 15, 2016, Equinix, Inc. completed its $3.8 billion acquisition of TelecityGroup plc.

Waste Connections, Inc. and Progressive Waste Solutions Ltd. have agreed to merge. Waste Connections' current management team will lead the combined company, which will be headquartered in Texas and domiciled in Canada. The transaction is expected to close in the second quarter of 2016.

 

 

January 14, 2016

CEO Changes

Jonas Samuelson was appointed President and Chief Executive Officer of Electrolux, effective February 1, 2016, succeeding Keith R. McLoughlin. Samuelson is currently Executive Vice President and Head of Major Appliances Europe, Middle East and Africa.

United Online, Inc. named Jeff Goldstein, former President of PriceGrabber, as its interim Chief Executive Officer. Howard G. Phanstiel, the company’s Chairman of the Board, had been serving as Principal Executive Officer since former CEO Francis Lobo resigned last November.

Robert Palleschi, currently Global Head of Full Service Brands at Hilton Worldwide, Inc., was named President and Chief Executive Officer of TGI Friday’s Inc., effective February 8, 2016. He replaces John Antioco, who has been serving as interim CEO since Nicholas P. Shepherd’s departure in October 2015. Antioco will continue as Chairman of the Board.

William E. “Ed” Crenshaw announced his retirement as Chief Executive Officer of Publix Super Markets, Inc., effective April 30, 2016. He will remain with the company as Chairman of the Board. Randall T. “Todd” Jones, currently serving as President, will be promoted to the additional role of CEO. 

Former Government Officials Joining Corporate World

CGI Group Inc. named Stanley L. Sims as its new Chief Security Officer. Sims joined CGI from the U.S. Department of Defense, where he served as Director of the Defense Security Service.

Caroline M. Atkinson will be joining Google Inc. as Head of Global Public Policy in March 2016. She previously served as President Obama’s Deputy National Security Advisor for International Economics.

Mergers and Acquisitions

Hudson’s Bay Company has agreed to acquire Gilt Groupe, Inc. for $250 million. The transaction is expected to close around February 1, 2016.

Thermo Fisher Scientific Inc. has agreed to acquire Affymetrix Inc. for $1.3 billion. The transaction is expected to be completed by the end of the second quarter of 2016, pending receipt of Affymetrix shareholder and regulatory approvals.

Southern Wine & Spirits of America, Inc. and Glazer's, Inc. have agreed to merge to create Southern Glazer's Wine and Spirits, LLC. Wayne E. Chaplin, Southern’s President and Chief Executive Officer, will serve as CEO of the combined company. The merger is expected to be completed in the second quarter of 2016.

Nokia Corporation completed its acquisition of Alcatel-Lucent on January 14, 2016.

 

 

January 7, 2016

CEO Changes

Peter J. Van Helden was named President and Chief Executive Officer of Stater Bros. Markets, succeeding Jack H. Brown, who remains Executive Chairman. Van Helden previously served as President and Chief Operating Officer.

Triumph Group, Inc. appointed Daniel J. Crowley, former President of Integrated Defense Systems at Raytheon Company, as its new President and Chief Executive Officer. He succeeded Richard C. Ill, who remains on the board of directors.

Robert W. Baird & Co., Incorporated promoted its President, Steven G. Booth, to the additional role of Chief Executive Officer. He succeeds Paul E. Purcell, who will continue as Chairman.

Andrew J. England, former Executive Vice President and Chief Marketing Officer of MillerCoors LLC, was named Chief Executive Officer of National CineMedia, Inc. He replaces Kurt C. Hall, who will serve as an advisor to the company’s CEO and board for the next two years.

Marc J. Bolland will be stepping down as Chief Executive Officer of Marks and Spencer Group plc on April 2, 2016. He will be succeeded by Steve Rowe, currently Executive Director, General Merchandise.

Former Government Officials Joining Corporate World

Linda Kroening has joined Ernst & Young LLP as Executive Director, Tax Policy and Controversy. Kroening is a 28-year veteran of the Internal Revenue Service, serving most recently as Division Counsel, Large Business and International in the Office of the Chief Counsel.

Mergers and Acquisitions

On December 31, 2015, Arden Asset Management LLC was acquired by Aberdeen Asset Management Inc.

Prosperity Bancshares, Inc. completed its acquisition of Tradition Bancshares, Inc. on January 1, 2016.

On January 4, 2016, ARRIS Group, Inc. completed its acquisition of Pace plc. ARRIS is now known as ARRIS International plc.

On January 4, 2016, Willis Group Holdings Public Limited Company and Towers Watson & Co. merged to form Willis Towers Watson Public Limited Company. Towers Watson Chief Executive Officer John J. Haley serves as CEO of the combined company. Willis Group CEO Dominic Casserley was named President and Deputy CEO.