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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.

 

 

December 28, 2015

CEO Changes

On December 17, 2015, Alitalia appointed Cramer Ball as new member of its board of directors and he has been designated to be appointed as Chief Executive Officer in early March 2016.

Rick Rayford has retired as President and Chief Executive Officer of Brookshire Grocery Company. Chairman of the Board Bradley W. Brookshire was appointed to the additional role of CEO.

Former Government Officials Joining Corporate World

Dr. Charles I. Plosser was named to the Board of Governors of the Financial Industry Regulatory Authority (FINRA.)Plosser previously served as the President and Chief Executive Officer of the Federal Reserve Bank of Philadelphia from 2006 to 2015.

On December 17, 2015, The Financial Industry Regulatory Authority (FINRA) named Charles I. Plosser, former President of the Federal Reserve Bank of Philadelphia, to its Board of Governors.

On December 15, 2015, Deutsche Bank announced that Pascal Boillat will join the company in the newly-created role of Chief Information Officer (CIO) and Head of Operations, Corporate & Investment Banking on February 1, 2016.

Mergers and Acquisitions

On December 17, 2015 Avon Products, Inc. and Cerberus Capital Management announced a definitive agreement under which Cerberus will purchase an 80.1% interest in Avon North America. Avon North America will then be spun-off from Avon Products into a separate, privately-held company. The transaction is expected to close in the Spring of 2016.

On December 17, 2015, Avon Products, Inc. and Cerberus Capital Management announced a $605 Million Strategic Partnership To Drive Avon Shareholder Value. Under this agreement, Cerberus will purchase an 80.1% interest in Avon North America, which will be separated from Avon Products into a privately-held company.

On December 18, 2015, The Kroger Co. completed its acquisition of Roundy's, Inc.

On December 24, 2015, Bridgestone Americas, Inc. and The Pep Boys - Manny, Moe & Jack announced that they have amended their transaction agreement and Bridgestone Retail Operations, LLC has increased the offer price to acquire all the outstanding shares of common stock of Pep Boys from $15.50 per share to $17.00 per share in cash. The revised offer price of $17.00 per share provides approximately $84 million in additional cash consideration to Pep Boys shareholders.

On December 28, 2015, Intel Corporation completed its acquisition of Altera Corporation.

 


December 17, 2015

CEO Changes

BJ's Wholesale Club, Inc. announced the promotion of Christopher J. Baldwin, currently President and Chief Operating Officer, to President and Chief Executive Officer, effective February 1, 2016. He will succeed Laura J. Sen, who will become Non-Executive Chairman.

D. Christian “Chris” Koch was named Chief Executive Officer of Carlisle Companies Incorporated, effective January 1, 2016. He succeeds David A. Roberts, who will continue as Executive Chairman. Koch has served as President and Chief Operating Officer since 2014.

AMC Entertainment Holdings, Inc. appointed Adam M. Aron as its new Chief Executive Officer and President, effective January 4, 2016. He joins AMC from Starwood Hotels and Resorts Worldwide, Inc., where he currently serves as interim CEO. Craig R. Ramsey, AMC’s interim CEO and President, will remain with the company as Executive Vice President and Chief Financial Officer.

Thomas B. Mangas was named Chief Executive Officer of Starwood Hotels & Resorts Worldwide, Inc., effective December 31, 2015, replacing Adam M. Aron. Mangas joined Starwood as Executive Vice President and Chief Financial Officer last year, after serving as CEO of Armstrong Floor Products, a division of Armstrong World Industries, Inc.

BBX Capital Corporation announced that Alan B. Levan will resign as Chairman and Chief Executive Officer, effective December 22, 2015. He will be replaced on an acting basis by his son, Jarett S. Levan, who serves as BBX’s President. In September, a U.S. district judge ordered a two-year ban against Alan Levan serving as an officer or board member of a publicly traded company, after the Securities and Exchange Commission successfully sued him for securities and accounting fraud. Levan and BBX have appealed, but his motion to stay the District Court’s order, pending the outcome of the appeal, has been denied by the Eleventh Circuit Court of Appeals. 

Former Government Officials Joining Corporate World

Tyson Foods, Inc. appointed Mike Beebe to its board of directors. Beebe served as Governor of Arkansas from 2007 to 2015.

Nick Pearson has joined Google Inc. as Manager, Public Policy and Government Affairs. He previously served as Federal Government Relations Director at the Tennessee Valley Authority.

Mergers and Acquisitions

Sycamore Partners, a private equity firm, completed its acquisition of Belk, Inc. on December 10, 2015.

On December 11, 2015, E. I. du Pont de Nemours and Company (DuPont) and The Dow Chemical Companyannounced an agreement to merge, forming DowDuPont. After the merger is completed, the companies intend to separate DowDuPont into three independent, publicly traded companies through spin-offs: an agriculture company, a material science company, and a specialty products company. The DuPont-Dow merger is expected to be completed in the second half of 2016, pending regulatory and shareholder approvals. The spin-off transactions are expected to be completed 18 to 24 months thereafter.

On December 14, 2015, Newell Rubbermaid Inc. announced an agreement to acquire Jarden Corporation. The combined company will be named Newell Brands, with Newell Rubbermaid President and Chief Executive Officer Michael B. Polk serving as CEO. The transaction is expected to close in the second quarter of 2016.

UBM plc has agreed to sell PR Newswire to Cision for $841 million. The sale is expected to close late in the first quarter of 2016. 

On December 15, 2015, Global Payments Inc. announced an agreement to acquire Heartland Payment Systems, Inc. for $4.3 billion. The transaction is expected to be completed in Global Payments’ fiscal 2016 fourth quarter.

 

 

December 10, 2015

CEO Changes

PineBridge Investments LLC appointed Gregory A. Ehret, currently President of State Street Global Advisors, Inc., as its new Chief Executive Officer, effective January 25, 2016. Interim CEO Stephen Fitzgerald will remain with the company as Deputy Chairman. 

Janet Foutty was named Chairman and Chief Executive Officer of Deloitte Consulting LLP, effective January 1, 2016, succeeding Jim Moffatt. Foutty currently serves as Principal and Leader, Federal Government Services.

AM General, LLC named Richard A. “Andy” Hove as its new Chief Executive Officer. He succeeds Charles M. “Charlie” Hall, who is retiring. Hove is the former President of Oshkosh Defense and most recently served as President and CEO of HDT Global.

Khanh T. Tran, currently President of Pacific Life Insurance Company, was appointed Chief Executive Officer of Aviation Capital Group Corp., effective January 1, 2016. He will replace Denis P. Kalscheur, who will remain Vice Chairman until the end of 2016.

Mergers and Acquisitions

On December 4, 2015, Sequential Brands Group, Inc. completed its acquisition of Martha Stewart Living Omnimedia, Inc.

Keurig Green Mountain, Inc. has agreed to be acquired by JAB Holding Company for $13.9 billion.  The transaction is expected to close during the first quarter of 2016.

On December 7, 2015, NXP Semiconductors N.V. completed its acquisition of Freescale Semiconductor, Ltd. The combined company will operate under the NXP Semiconductors name.

On December 8, 2015, Premiere Global Services, Inc. (PGi) went private after it was acquired by funds managed or advised by Siris Capital Group, LLC. After the transaction was completed, PGi President Theodore P. Schrafft was promoted to Chief Executive Officer, succeeding company founder Boland T. Jones.


 

December 3, 2015

CEO Changes

Graphic Packaging Holding Company has appointed Michael P. Doss President and Chief Executive Officer, effective January 1, 2016. Doss currently serves as President and Chief Operating Officer. He succeeds David Scheible, who will remain Chairman of the Board until the annual meeting of stockholders on May 25, 2016.

Markel Corporation announced that Thomas S. Gayner, President and Chief Investment Officer, and Richard R. Whitt, III, President and Co-Chief Operating Officer, will become Co-Chief Executive Officers, effective January 1, 2016.  They will succeed Alan I. Kirshner, who will continue as Executive Chairman.

Gary Brown, currently President and Chief Operating Officer, has been promoted to Chief Executive Officer of McLarens, effective April 1, 2016. He will replace Vernon F. Chalfant, who remains Executive Chairman.

TCF Financial Corporation has named Craig R. Dahl as its new Chief Executive Officer, effective January 1, 2016, succeeding William A. Cooper. Dahl currently serves as Vice Chairman and President.

Lawrence E. Kurzius was named President and Chief Executive Officer of McCormick & Company, Incorporated, effective February 1, 2016.  He succeeds Alan D. Wilson, who will continue as Executive Chairman of the Board. Kurzius currently serves as President and Chief Operating Officer. 

Värde Partners, Inc. announced that Co-Chief Executive Officer and Co-Chief Investment Officer Marcia L. Page will transition to the role of Chairman, effective January 1, 2016. George G. Hicks will become the sole CEO and Chief Investment Officer thereafter.

Jennifer L. Sherman was named President and Chief Executive Officer of Federal Signal Corporation, effective January 1, 2016. Sherman has been the company’s Chief Operating Officer since 2014. She succeeds Dennis J. Martin, who will become Executive Chairman. Current Chairman James E. Goodwin will become Lead Independent Director.

Stuart Schuette was appointed Chief Executive Officer of American Tire Distributors, Inc., effective January 4, 2016. He will succeed William E. Berry, who is retiring. Schuette previously served as Chief Operating Officer of US Foods, Inc.

Former Government Officials Joining Corporate World

William A. LaPlante, Jr. was named Vice President of the Intelligence Portfolio within the National Security Engineering Center at The MITRE Corporation. He joins MITRE from the U.S. Department of Defense, where he was Assistant Secretary of the Air Force for Acquisition.

Mergers and Acquisitions

Petco Animal Supplies, Inc. has agreed to be acquired by CVC Capital Partners and the Canada Pension Plan Investment Board for $4.6 billion. The transaction is expected to close in early 2016.

Diebold, Incorporated has announced an agreement to acquire Wincor Nixdorf AG for $1.8 billion. Andy W. Mattes, Diebold’s President and Chief Executive Officer, will become CEO of the combined company, which will be named Diebold Nixdorf. Wincor Nixdorf CEO Eckard Heidloff will serve as President of Diebold Nixdorf.

On November 30, 2015, Fidelity National Information Services, Inc. (FIS) completed its acquisition of SunGard Data Systems Inc.

College Savings Bank was acquired by NexBank SSB on November 30, 2015. College Savings Bank will continue to operate under its own name as a division of NexBank.

Valley National Bancorp completed its acquisition of CNLBancshares, Inc. on December 1, 2015. CNLBank, CNL's principal subsidiary commercial bank, was merged into Valley National Bank.

On December 1, 2015, Korn/Ferry International completed its acquisition of Hay Group, Inc. and combined it with its Leadership and Talent Consulting (LTC) segment.

 


November 19, 2015

CEO Changes

Advance Auto Parts, Inc. appointed George E. Sherman, currently President, to the additional role of interim Chief Executive Officer, effective January 3, 2016. He will succeed Darren R. Jackson, who is retiring as CEO after eight years in the position.

SkyWest, Inc. President Russell “Chip” Childs has been promoted to Chief Executive Officer, effective January 1, 2016. He succeeds Jerry C. Atkin, who will remain with the company as Chairman of the Board.

Mark A. Beck was named President and Chief Executive Officer of JELD-WEN, Inc., effective November 30, 2015. He succeeds Kirk S. Hachigian, who will continue as Executive Chairman of the Board. Beck joins JELD-WEN from Danaher Corporation, where he serves as Executive Vice President overseeing the Water Quality and Dental Platforms.

Smithfield Foods, Inc. announced the retirement of Chief Executive Officer C. Larry Pope, effective December 31, 2015. President and Chief Operating Officer Kenneth M. Sullivan will replace Pope as CEO.

Saed Mohseni was named President and Chief Executive Officer of Bob Evans Farms, Inc., effective January 1, 2016. He will be stepping down as CEO of Bravo Brio Restaurant Group, Inc. on December 28, 2015. The CEO role at Bob Evans has been vacant since former chief executive Steven A. Davis resigned last December.

Former Government Officials Joining Corporate World

Former U.S. Senator Mary Landrieu (D-LA) was appointed to CenturyLink, Inc.’s board of directors this week. Landrieu served as Senator from 1997 to 2015.

Graham Holdings Company elected James H. Shelton, III to its board of directors. Shelton is a former Deputy Secretary at the U.S. Department of Education.

John Boles, former Assistant Director of the Federal Bureau of Investigation’s International Operations Division, was named Manager, International and Cyber Investigation at Regions Financial Corporation.

Mergers and Acquisitions

Marriott International, Inc. announced an agreement this week to acquire Starwood Hotels & Resorts Worldwide, Inc. for $12.2 billion. The merger will create the world’s largest hotel company. The transaction is expected to close in mid-2016, pending shareholder and regulatory approvals.

Air Liquide Group has agreed to acquire Airgas, Inc. for $13.4 billion. Airgas will become a wholly-owned subsidiary of Air Liquide after the transaction is completed.

Fairchild Semiconductor International Inc. has agreed to be acquired by ON Semiconductor Corporation for $2.4 billion. The transaction is expected to close late in the second quarter of 2016.

ConAgra Foods, Inc. announced a plan to separate the company into two independent public companies: Conagra Brands, Inc., composed of ConAgra’s consumer brands portfolio, and Lamb Weston, comprising ConAgra’s frozen potato business. Lamb Weston will be spun off to ConAgra Foods shareholders in a transaction that is expected to be completed in the fall of 2016.

 

 

November 12, 2015

CEO Changes

Graham Holdings Company has promoted Timothy O’Shaughnessy to President and Chief Executive Officer, succeeding Donald E. Graham, who will remain Chairman of the Board. O’Shaughnessy has been President since 2014 and previously served as CEO of LivingSocial, Inc. He is Donald Graham’s son-in-law.

TD Ameritrade Holding Corporation announced the retirement of Fredric J. Tomczyk as Chief Executive Officer, effective September 30, 2016. Tomczyk is stepping down as President on January 2, 2016 and will be replaced in that role by Timothy D. Hockey. Hockey, currently Group Head of Canadian Banking and Wealth Management at The Toronto-Dominion Bank, will become TD Ameritrade’s CEO on October 1, 2016.

Scania AB has appointed Henrik Henriksson as the new President and Chief Executive Officer, effective January 1, 2016, succeeding Per Hallberg. Henriksson currently serves as Executive Vice President and Head of Sales and Marketing.

Former Government Officials Joining Corporate World

Macy’s, Inc. has elected Francis S. Blake, former Chairman and Chief Executive Officer of The Home Depot, Inc., to its board of directors. Before joining Home Depot, Blake served as Deputy Secretary of the U.S. Department of Energyfrom 2001 to 2002.

Mergers and Acquisitions

On November 6, 2015, International Business Machines Corporation (IBM) completed its acquisition of Cleversafe, Inc. Cleversafe will become part of IBM’s Cloud business unit.

Weyerhaeuser Company and Plum Creek Timber Company, Inc. announced a merger agreement on November 8, 2015. The combined company will operate under the Weyerhaeuser name, with Doyle R. Simons continuing as President and Chief Executive Officer. Plum Creek CEO Rick R. Holley will become non-executive Chairman of Weyerhaeuser’s board of directors. The transaction is expected to be completed late in the first quarter or early in the second quarter of 2016.

On November 10, 2015, BorgWarner Inc. completed its acquisition of Remy International, Inc.

On November 11, 2015, Anheuser-Busch InBev (AB InBev) and SABMiller plc reached an agreement under which SABMiller will be acquired by AB InBev for around $107 billion. The merger is expected to be completed in the second half of 2016. In a related transaction, SABMiller has agreed to sell its 58% stake in MillerCoors to its joint venture partner, Molson Coors Brewing Company, for $12 billion.

On November 11, 2015, The Kroger Co. announced an agreement to acquire Roundy's, Inc. in a deal valued at $800 million. The transaction is expected to close by the end of 2015. Following the completion of the merger, Roundy’s will operate as a subsidiary of Kroger with its current management team in place.

 

 

November 5, 2015

CEO Changes

Groupon, Inc. has promoted Chief Operating Officer Rich Williams to Chief Executive Officer. He succeeds Eric P. Lefkofsky, who was named Chairman of the Board. Former Chairman Theodore J. "Ted" Leonsis has shifted to the role of Lead Independent Director.

Stephen Smith was named President and Chief Executive Officer of L.L.Bean, Inc., effective in February 2016. Smith, who will become L.L.Bean’s first outsider CEO, succeeds Christopher J. McCormick. He will be joining the company from Yihaodian, a Chinese e-commerce business owned by Wal-Mart Stores, Inc., where he serves as Chief Merchandising and Marketing Officer.

DSW Inc. announced the appointment of Roger L. Rawlins as Chief Executive Officer, effective January 1, 2016. Rawlins, currently Executive Vice President and Chief Innovation Officer, will succeed Michael R. MacDonald, who is retiring at the end of the year.

Glen E. Tellock has resigned as Chairman, President and Chief Executive Officer of The Manitowoc Company, Inc.Board member Kenneth W. Krueger was named interim Chairman, President and CEO.

FleishmanHillard Inc. has named John Saunders as its new President and Chief Executive Officer, succeeding David T. Senay. Saunders previously served as President of FleishmanHillard’s Europe, Middle East and Africa region.

Former Government Officials Joining Corporate World

MBIA Inc. has elected Lois A. Scott to its board of directors. Scott served as Chicago’s Chief Financial Officer from May 2011 to May 2015.

John C. “Chris” Inglis has joined FedEx Corporation’s board of directors. Inglis had a 28-year career at the National Security Agency, culminating in the role of Deputy Director.

PricewaterhouseCoopers LLP has named Sean M. Joyce, former Deputy Director of the Federal Bureau of Investigation, as the head of the firm’s Financial Crimes Unit. He was previously a Principal within the Advisory Practice.

Michael P. Jackson has joined PricewaterhouseCoopers LLP as a Senior Advisor within its Public Sector Practice. He served as Deputy Secretary of the U.S. Department of Homeland Security from 2005 to 2007.

Mergers and Acquisitions

On October 30, 2015, KeyCorp announced an agreement to acquire First Niagara Financial Group, Inc. for $4.1 billion. First Niagara will be integrated into KeyCorp after the merger is completed. The transaction is expected to close in the third quarter of 2016.

XPO Logistics, Inc. completed its acquisition of Con-way Inc. on October 30, 2015. Con-way’s operating businesses (Con-way Freight, Menlo Logistics, Con-way Truckload and Con-way Multimodal) will be rebranded as XPO Logistics.

Hewlett Packard Enterprise Company (HPE) completed its spin-off from Hewlett-Packard Company as an independent, publicly traded company on November 1, 2015. Hewlett-Packard Company, which was renamed HP Inc., is now focused on printing and personal systems products and is led by Dion Weisler. HPE comprises Hewlett-Packard Company’s former enterprise technology infrastructure, software and services businesses, with Meg Whitman at the helm.

On November 1, 2015, M&T Bank Corporation completed its acquisition of Hudson City Bancorp, Inc. Hudson City Bancorp and its Hudson City Savings Bank subsidiary have been merged into M&T.

On November 2, 2015, Royal Bank of Canada (RBC) announced the completion of its acquisition of City National Corporation. RBC will merge its U.S. Wealth Management unit into City National, with the combined business operating under the City National name and Russell Goldsmith continuing as CEO.

Jarden Corporation completed its acquisition of Jostens, Inc. on November 2, 2015. Jostens will operate under Jarden’s Outdoor Solutions segment.

Activision Blizzard, Inc. has agreed to acquire King Digital Entertainment plc for $5.9 billion. The transaction is expected to be completed by spring 2016, pending approval by King’s shareholders and by regulatory authorities.

 

 

October 29, 2015 

CEO Changes

Vince Holding Corp. named Brendan L. Hoffman as its new Chief Executive Officer. He replaced interim CEO Mark Brody, who remains on the board of directors. Hoffman served as CEO of The Bon-Ton Stores Inc. from 2012 to 2014.  

AK Steel Holding Corporation announced the retirement of James L. Wainscott as President and Chief Executive Officer, effective January 1, 2016. Wainscott, who will continue as non-executive Chairman of the Board, will be succeeded by Roger K. Newport, currently AK Steel’s Executive Vice President, Finance and Chief Financial Officer. In addition, Kirk W. Reich will be promoted from Executive Vice President, Manufacturing to President and Chief Operating Officer.

Anish Melwani was appointed Chairman and Chief Executive Officer of LVMH Inc., effective January 4, 2016. He will be joining the company from McKinsey & Company, where he is currently Director of the  Global Strategy and Corporate Finance Practice. Current LVMH Chairman Pauline J. Brown is resigning at the end of this year.

Barclays Bank PLC has appointed James E. “Jes” Staley as its new Group Chief Executive Officer, effective December 1, 2015. The position has been vacant since Antony Jenkins was ousted from the role in July. Staley joins Barclays from BlueMountain Capital Management LLC, where he currently serves as Managing Partner. He previously held several roles at JPMorgan Chase & Co., including CEO of the Investment Bank and CEO of J.P. Morgan Asset Management.

Chico's FAS, Inc. has named Shelley G. Broader President and Chief Executive Officer, effective December 1, 2015. She succeeds David F. Dyer, who will remain on the board of directors as Vice Chairman. Broader currently serves as President and CEO of the EMEA region of Wal-Mart Stores, Inc.

Jon Winkelried was appointed Co-Chief Executive Officer of TPG, effective in early November 2015. He will be sharing leadership duties with James G. Coulter, TPG’s Founding Partner and CEO. Winkelried was President and Co-Chief Operating Officer of The Goldman Sachs Group, Inc. from 2006 to 2009. He is currently Strategic Advisor and Partner at Thrive Capital.

Former Government Officials Joining Corporate World

Booz Allen Hamilton Holding Corporation has elected Melody C. Barnes to its board of directors. Barnes served in the Obama administration as Assistant to the President and Director of the Domestic Policy Council from 2009 to 2011. She is currently Vice Provost for Global Student Leadership Initiatives at New York University.

Rupali Das, currently Executive Medical Director of California’s Workers’ Compensation Division, will be joining Zenith Insurance Company as Senior Vice President and California Medical Director in January 2016.

Synopsys, Inc. has named Howard A. Schmidt as the company’s Security Advisor. Schmidt worked in the White House as Special Assistant to the President and Cybersecurity Coordinator from 2009 to 2012. He is currently a Partner at Ridge-Schmidt Cyber, LLC.

Mergers and Acquisitions

On October 26, 2015, Bridgestone Americas, Inc. announced an agreement to acquire The Pep Boys - Manny, Moe & Jack for $835 million. The transaction is expected to be completed in the beginning of 2016.

On October 27, 2015, Snyder's-Lance, Inc. signed an agreement to acquire Diamond Foods, Inc. for $1.91 billion. The merger is expected to be completed in early 2016, pending receipt of shareholder and regulatory approvals.

On October 28, 2015, OM Group, Inc. became a privately held company after it was acquired by funds affiliated with Apollo Global Management, LLC. Apollo then sold OM Group’s Electronic Chemicals and Photomasks businesses to Platform Specialty Products Corporation, immediately after the initial merger transaction was completed. OM Group is now focused on three businesses: Magnetic Technologies, Battery Technologies, and Advanced Organics. Apollo has appointed James R. Voss as the company’s new Chief Executive Officer, succeeding Joseph M. Scaminace.

On October 29, 2015, New York Community Bancorp, Inc. and Astoria Financial Corporation announced a $2 billion merger agreement. Astoria Financial and its Astoria Bank subsidiary will merge into New York Community Bancorp and New York Community Bank, respectively. After the merger is completed, Joseph R. Ficalora will continue to serve as President and Chief Executive Officer. Astoria CEO Monte N. Redman and Ralph Palleschi, Astoria’s Chairman, will join New York Community Bancorp’s board of directors. The transaction is expected to be completed in the fourth quarter of 2016, subject to shareholder and regulatory approval.

 

 

October 22, 2015

CEO Changes

Oscar Munoz, President and Chief Executive Officer of United Continental Holdings, Inc. and United Airlines, Inc.,suffered a heart attack on October 15, 2015. Executive Vice President and General Counsel Brett J. Hart will serve as acting CEO while Munoz is on medical leave.

The Sherwin-Williams Company has named John G. Morikis as the company’s next Chief Executive Officer, effective January 1, 2016. He succeeds Christopher M. Connor, who will remain Executive Chairman. Morikis has served as President and Chief Operating Officer since 2006.

Andres Lopez was appointed Chief Executive Officer of Owens-Illinois, Inc., effective January 1, 2016. Lopez, currently President, Glass Containers and Chief Operating Officer, will succeed Al Stroucken, who will continue as Executive Chairman of the Board until the annual shareholders meeting in May 2016.

Syngenta AG announced that Michael Mack will be stepping down as Chief Executive Officer at the end of October 2015. John Ramsay, Syngenta’s Chief Financial Officer, will serve as CEO on an interim basis.

CIT Group Inc. announced that John A. Thain will retire as Chief Executive Officer on March 31, 2016, but continue as Chairman of the Board. CIT board member Ellen R. Alemany will join the company’s management team as Vice Chairman, effective November 1, 2015. She will succeed Thain as CEO on April 1, 2016. Alemany previously served as Chairman and CEO of RBS Americas and of RBS Citizens Financial Group, Inc. at The Royal Bank of Scotland Group plc.

Mitch Snyder was appointed President and Chief Executive Officer of Bell Helicopter Textron Inc. He replaces John L. Garrison, Jr., who is joining Terex Corporation as President and CEO, effective November 2, 2015. Snyder most recently served as Bell Helicopter’s Executive Vice President of Military Programs.

Citrix Systems, Inc. named Executive Chairman Robert M. Calderoni as interim President and Chief Executive Officer, replacing Mark B. Templeton, who will serve as an advisor until the end of the year. Calderoni is the former Chairman and CEO of Ariba, Inc.

Former Government Officials Joining Corporate World

Kevin McGrann will be joining AT&T Inc. as Assistant Vice President, Federal Relations later this year, when he steps down as Executive Director of Team Boehner within the National Republican Congressional Committee.

Jonathan C. Coffin has joined VOX Global as Vice President in its Indianapolis office. He was most recently Associate Vice President, Communications and Chief of Staff at DePauw University. Coffin previously served as Press Secretary to former U.S. Representative Shelley Moore Capito (R-WV).

Mergers and Acquisitions

On October 21, 2015, Western Digital Corporation announced that it has agreed to acquire SanDisk Corporation in $19 billion deal. Western Digital President and Chief Executive Officer Stephen D. Milligan will continue to lead the combined company after the merger closes. SanDisk CEO Sanjay Mehrotra is expected to join Western Digital’s board of directors. The transaction is expected to be completed in the third quarter of 2016.

On October 21, 2015, Lam Research Corporation announced an agreement to acquire KLA-Tencor Corporation for $10.6 billion. The combined company will operate under the Lam Research name, with Martin B. Anstice remaining at the helm and a leadership team that draws from both companies. The acquisition is expected to be completed in mid-2016.

 

  

October 15, 2015

CEO Changes

Kay Krill stepped down as President and Chief Executive Officer of ANN INC., after ten years in the role, and was succeeded by Gary P. Muto, formerly President of ANN Brands. Krill was appointed to the board of Ascena Retail Group, Inc., which acquired ANN in August.

Klaus Zellmer was named President and Chief Executive Officer of Porsche Cars North America, Inc., effective November 1, 2015. He succeeds Detlev von Platen, who will be joining Porsche AG’s Executive Board to lead sales and marketing. Zellmer currently serves as Vice President, Overseas and Emerging Markets at Porsche AG.

Greif, Inc. announced the appointment of Peter G. Watson as President and Chief Executive Officer, effective November 1, 2015. Watson, currently Chief Operating Officer, succeeds David B. Fischer, who will assist with the management transition through the end of this year.

Robert F. Griffin resigned as Chief Executive Officer of Trump Entertainment Resorts, Inc. this week, after five years in the role. His successor has not been named yet.
 

Mergers and Acquisitions

 On October 8, 2015, TA Associates Management, L.P. announced an agreement to acquire Frank Russell Company’s asset management business (Russell Investments) from London Stock Exchange Group plc for $1.15 billion. TA Associates will be partnering with Reverence Capital Partners, which will make a minority investment in Russell Investments. The transaction is expected to be completed in the first half of 2016.

On October 12, 2015, EMC Corporation reached an agreement to be acquired by Dell Inc. in a $67 billion deal. Dell chief executive Michael S. Dell will remain Chairman and CEO of the combined company after the merger closes. The transaction is expected to be completed by October 2016, pending regulatory and EMC shareholder approval.

On October 13, 2015, Anheuser-Busch InBev (AB InBev) and SABMiller plc announced that they have reached an agreement in principle to merge. AB InBev has until October 28, 2015 to make a definitive takeover offer for SABMiller.

On October 13, 2015, International Business Machines Corporation (IBM) completed its $1 billion acquisition of Merge Healthcare Incorporated. Merge will operate under IBM’s new Watson Health business unit.

On October 14, 2015, Jarden Corporation announced an agreement to acquire Visant Holding Corp., the parent company of Jostens, Inc., for $1.5 billion. The transaction is expected to be completed in the fourth quarter of 2015.  

 


October 8, 2015

CEO Changes

SUPERVALU INC. announced that Sam K. Duncan will retire as President and Chief Executive Officer on February 29, 2016. His replacement has not been named yet. The board of directors said that it will consider both internal and external candidates as it searches for Duncan’s successor. 

Jack Dorsey was named the permanent Chief Executive Officer of Twitter, Inc. He had been serving as interim CEO since July, when Richard Costolo stepped down from the role. Dorsey will no longer serve as Twitter’s Chairman, but will continue as CEO of Square, Inc. 

The Wendy's Company announced that Emil J. Brolick plans to retire as President and Chief Executive Officer in May 2016, but will remain on the board of directors. Todd Penegor, currently Executive Vice President, Chief Financial Officer and International, is expected to succeed Brolick.

The TJX Companies, Inc. announced that President Ernie Herrman will be named to the additional role of Chief Executive Officer, effective January 31, 2016. He succeeds Carol Meyrowitz, who will remain with the company as Executive Chairman.

Former Government Officials Joining Corporate World

Demetrios Marantis, former Acting U.S. Trade Representative, was named Senior Vice President, Global Government Relations at Visa Inc. He joins the company from Square, Inc., where he served as Head of International Policy and Regulatory Affairs.

Gregg E. Berman has joined Ernst & Young LLP as a Principal for Market Risk and Data Analytics. He previously served as Associate Director of the Office of Analytics and Research in the U.S. Securities and Exchange Commission’s Trading and Markets Division.

Hyundai Motor Company appointed Christopher T. Spear as Vice President of Government Affairs. Spear served as Assistant Secretary for Policy in the U.S. Department of Labor during the George W. Bush administration. He joined Hyundai from American Trucking Associations, Inc., where he was Senior Vice President of Legislative Affairs.

Mergers and Acquisitions

On October 1, 2015, Liberty Interactive Corporation completed its acquisition of zulily, inc. Darrell Cavens remains President and Chief Executive Officer of zulily.

On October 2, 2015, Google Inc. completed its holding company reorganization. As a result, Alphabet Inc. became the new parent company of Google. Larry Page, formerly Chief Executive Officer of Google, is now CEO of Alphabet. Sundar Pichai, formerly Senior Vice President, Products, was promoted to CEO of Google.

On October 5, 2015, Skyworks Solutions, Inc. announced an agreement to acquire PMC-Sierra, Inc. for $2 billion. The transaction is expected to close in the first half of 2016, subject to receipt of regulatory and PMC shareholder approvals.

On October 7, 2015, Gannett Co., Inc. announced that it has agreed to acquire Journal Media Group, Inc. for $280 million. The transaction is expected to close in the first quarter of 2016.

  

 


October 1, 2015

CEO Changes

Matthias Müller was appointed Chief Executive Offer of Volkswagen AG, succeeding Martin Winterkorn, who resigned last week in the wake of the diesel emissions scandal. Müller previously served as Chairman, President and CEO of Porsche AG, a Volkswagen subsidiary. He was replaced in that role by Oliver Blume, who previously led production and logistics at Porsche.

Ralph Lauren will be stepping down as Chief Executive Officer of Ralph Lauren Corporation in November 2015, but will remain with the company as Executive Chairman and Chief Creative Officer. He will be succeeded by Stefan Larsson, Global President of Old Navy.

Academy, Ltd. (d/b/a Academy Sports + Outdoors) has named James Kevin "J.K." Symancyk, currently President of Meijer Inc., as its new President and Chief Executive Officer, effective November 2, 2015.  He succeeds Rodney Faldyn.

Former Government Officials Joining Corporate World

McDonald's Corporation named Jano Cabrera Senior Vice President of U.S. Communications, Global Media and Public Relations, effective October 15, 2015. He joins McDonald’s from Burson-Marsteller, where he is currently Executive Vice President. Cabrera previously served as a national spokesman for former Vice President Al Gore.

LPL Financial Holdings Inc. elected Viet D. Dinh to its board of directors. Dinh is a partner of Bancroft PLLC, as well as General Counsel for Strayer Education, Inc. He previously served as U.S. Assistant Attorney General for Legal Policy from 2001 to 2003. 

Allen W. Middleton, former Deputy Director of the Defense Health Agency, has joined Booz Allen Hamilton Inc. as an advisor. Middleton also previously served as Deputy Assistant Secretary of Defense for Health Budgets and Financial Policy.

Unisys Corporation appointed retired Army Brig. Gen. Frederick A. Henry as head of its Defense Information Systems Agency business. Henry served as Chief of Staff of the Defense Information Systems Agency from 2012 to 2014 and as Deputy Commander of the U.S. Army Network Enterprise Technology Command from 2010 to 2012.

Mergers and Acquisitions

On September 24, 2015, Korn/Ferry International announced a definitive agreement to acquire Hay Group. The transaction is expected to close before the end of 2015. Following the completion of the acquisition, Korn/Ferry will merge Hay Group with its Leadership and Talent Consulting (LTC) segment. The combined advisory business unit will operate under the Hay Group name, with Hay Group CEO Stephen Kaye remaining at the helm.

On September 29, 2015, Nassau Reinsurance Group Holdings L.P. announced an agreement to acquire The Phoenix Companies, Inc. The transaction is expected to close by early 2016, subject to approval by Phoenix shareholders and regulatory authorities. 

On October 1, 2015, Standard Pacific Corp. and The Ryland Group, Inc. completed their merger of equals, forming CalAtlantic Group, Inc. Former Ryland President and Chief Executive Officer Larry T. Nicholson serves as President and CEO of the combined company.

  

 

September 24, 2015

CEO Changes

Martin Winterkorn resigned as Chief Executive Officer of Volkswagen AG. The company will consider candidates to replace him at a Supervisory Board meeting scheduled for September 25th. In a statement issued by Winterkorn, he said: “As CEO I accept responsibility for the irregularities that have been found in diesel engines and have therefore requested the Supervisory Board to agree on terminating my function as CEO of the Volkswagen Group. I am doing this in the interests of the company even though I am not aware of any wrong doing on my part.”

Oshkosh Corporation announced the retirement of Chief Executive Officer Charles L. Szews, effective December 31, 2015. He will be succeeded by Wilson R. Jones, who has served as Oshkosh’s President and Chief Operating Officer since 2012. 

Wayne B. Goldberg has resigned as President and Chief Executive Officer of La Quinta Holdings Inc. Chief Financial Officer Keith A. Cline will serve as interim President and CEO while the board searches for Goldberg’s permanent replacement.

Education Management Corporation has appointed Chairman of the Board Mark A. McEachen as its new President and Chief Executive Officer, effective September 28, 2015. The position has been vacant since the departure of Edward H. West in late August. McEachen most recently served as President and CEO of The Dolan Company.

Silvano Cassano has stepped down as Chief Executive Officer of Alitalia. His responsibilities will be split between Chief Operations Officer Giancarlo Schisano and Chief Financial Officer Duncan Naysmith until a new CEO is appointed, with both reporting to Luca Cordero di Montezemolo, Alitalia’s Chairman of the Board.

EnerSys announced that John D. Craig will retire as Chief Executive Officer, effective March 31, 2016, and transition to the role of non-executive Chairman of the Board. President and Chief Operating Officer David M. Shaffer will take on the additional role of CEO on April 1, 2016.

Former Government Officials Joining Corporate World

Papa John's International, Inc. appointed Sonya E. Medina to its board of directors. Medina served in the Office of the First Lady as Special Assistant, and later as Deputy Assistant, to the President for Domestic Policy during the George W. Bush administration.

Mergers and Acquisitions

On September 20, 2015, Dialog Semiconductor announced an agreement to acquire Atmel Corporation for $4.6 billion. Dialog Chief Executive Officer Jalal Bagherli will continue to lead the combined company. The transaction is expected to close in the first quarter of calendar 2016, subject to shareholder and regulatory approval.

 

 

September 17, 2015

CEO Changes

99 Cents Only Stores LLC has named Geoffrey Covert, formerly Senior Vice President at The Kroger Company, as its new President and Chief Executive Officer. Covert replaces interim CEO Andrew Giancamilli, who remains Chairman of the Board.

Condé Nast Publications, Inc. announced that Robert A. Sauerberg will succeed Charles H. Townsend as Chief Executive Officer in January 2016, while retaining his current role as President. Townsend will remain with the company as Chairman of Condé Nast US.

Daniel Daviau was appointed President and Chief Executive Officer of Canaccord Genuity Group Inc., effective October 1, 2015. He succeeds David J. Kassie, who will continue as Executive Chairman. Daviau currently serves as CEO of North American Capital Markets.

MAN SE announced the resignation of Georg Pachta-Reyhofen as Chief Executive Officer, effective September 30, 2015. He will be succeeded by Joachim Drees, currently CEO of MAN Truck & Bus AG.

Former Government Officials Joining Corporate World

ClubCorp Holdings, Inc. has elected Margaret Spellings to its board of directors. Spellings, currently President of the George W. Bush Presidential Center, served as U.S. Secretary of Education from 2005 to 2009.

Mergers and Acquisitions

On September 17, 2015, Cablevision Systems Corporation announced that it has agreed to be acquired by Altice N.V. for $17.7 billon. The acquisition will include Cablevision’s media businesses, the Newsday Media Group and News 12 Networks. The transaction is expected to close in the first half of 2016, pending receipt of regulatory approvals.

On September 17, 2015, Expedia, Inc. completed its acquisition of Orbitz Worldwide, Inc. The transaction was completed a day after the U.S. Justice Department’s Antitrust Division said it would not block the deal, concluding that the merger is “unlikely to harm competition and consumers.”

Premiere Global Services, Inc. (PGi) has agreed to be acquired by private equity firm Siris Capital Group, LLC in a $1 billion deal. The transaction is expected to be completed by the end of February 2016, subject to shareholder and regulatory approval.

 

 

September 10, 2015

CEO Changes

United Continental Holdings, Inc., the parent company of United Airlines, named board member Oscar Munoz as its new President and Chief Executive Officer, replacing Jeff Smisek. Munoz previously served as President and Chief Operating Officer of CSX Corporation. Smisek was ousted in connection with a federal investigation into United’s dealings with the Port Authority of New York and New Jersey.

Scott L. Thompson, former Chairman, President and Chief Executive Officer of Dollar Thrifty Automotive Group, Inc.,was named Chairman, President and CEO of Tempur Sealy International, Inc. He replaces interim CEO W. Timothy “Tim” Yaggi, who will continue as Chief Operating Officer.

Jill Granoff resigned as Chief Executive Officer of Vince Holding Corp. She was succeeded on an interim basis by Mark E. Brody, a board member who had been serving as the company’s interim Chief Financial Officer and Treasurer. David Stefko, formerly Group CFO at Sun Capital Partners, has replaced Brody as interim CFO and Treasurer.

Former Government Officials Joining Corporate World

Dunkin' Brands Group, Inc. named Michael R. Shutley Vice President, Federal and State Government Affairs. He joined Dunkin’ from Brinker International, Inc., where he was Director, Government Relations. He previously served as Legislative Director for former U.S. Representative Ric Keller (R-FL, District 8).

Mergers and Acquisitions

On September 8, 2015, Meredith Corporation announced an agreement to be acquired by Media General, Inc. for $2.4 billion. The combined company will be known as Meredith Media General. Stephen M. Lacy, Meredith’s Chairman and Chief Executive Officer, will lead the combined company as CEO and President. J. Stewart Bryan III, current Media General Chairman, will be named Chairman of Meredith Media General. The transaction is expected to close by June 30, 2016, subject to shareholder and regulatory approvals.

On September 9, 2015, Twenty-First Century Fox, Inc. and the National Geographic Society announced a deal to expand the joint venture that owns and operates the National Geographic Channels. The transaction will create a new entity called National Geographic Partners, which will combine National Geographic’s television channels with its other assets, including magazines, books, digital media, travel, and e-commerce businesses. 21st Century Fox will own 73 percent of the expanded joint venture and the National Geographic Society will own 27 percent. Declan Moore, currently Chief Media Officer of National Geographic Society, will serve as Chief Executive Officer of National Geographic Partners. The transaction is expected to be completed later this year.

On September 9, 2015, XPO Logistics, Inc. announced an agreement to acquire Con-way Inc. in a $3 billion deal. XPO Chairman and Chief Executive Officer Bradley Jacobs will continue to lead the combined company. Douglas Stotlar, Con-way’s President and CEO, will serve as an independent advisor through the first quarter of 2016. The transaction is expected to close in October 2015.

 

 

September 3, 2015

CEO Changes

Werner Enterprises, Inc. appointed Clarence L. Werner, the company’s founder and Chairman, as its new Chief Executive Officer. He replaced Gregory L. Werner, who remains on the board of directors.

News Corporation announced the appointment of Rebekah Brooks as Chief Executive Officer of News UK, effective September 7, 2015, succeeding Mike Darcey. She previously held the same role from 2009 to 2011, when she resigned in the wake of the phone-hacking scandal involving newspapers published by the company. Brooks was cleared of all charges last year.

Former Government Officials Joining Corporate World

John D. Buchanan was named Executive Vice President, Legal Affairs at Comerica Incorporated. He joined the company from the Federal Reserve Bank of Dallas, where he served as Senior Vice President, General Counsel and Corporate Secretary.

Mergers and Acquisitions

On August 31, 2015, Danaher Corporation completed its acquisition of Pall Corporation. Lawrence D. Kingsley resigned as Chairman and Chief Executive Officer of Pall with the completion of the merger. Rainer Blair, Vice President and Group Executive at Danaher, became Pall’s new President and Chief Executive Officer.

On September 1, 2015, Cushman & Wakefield, Inc. completed its merger with DTZ. The combined company operates under the Cushman & Wakefield name. Brett White, formerly Executive Chairman of DTZ, was appointed Chairman and Chief Executive Officer of Cushman & Wakefield, replacing Edward C. Forst as CEO.

On September, 1, 2015, Sun Life Financial Inc. completed its purchase of Bentall Kennedy Group. Bentall Kennedy will continue to operate under its own brand and under its current management team, led by Chief Executive Officer Gary Whitelaw.

On September 3, 2015, Pfizer Inc. completed its acquisition of Hospira, Inc.

 

 

August 27, 2015

CEO Changes

Cinemark Holdings, Inc. named Mark D. Zoradi, former Chief Operating Officer of Dreamworks Animation SKG, Inc., as its new Chief Executive Officer. He succeeds Timothy Warner, who remains with the company as Executive Vice Chairman.

Mark E. Lucas stepped down as President and Chief Executive Officer of Imation Corp. and will remain with the company as a consultant until the end of this year. Board member Barry L. Kasoff will serve as interim President while the board searches for a new CEO.

QLogic Corporation announced the appointment of Christine King as Executive Chairman and Jean Hu as acting Chief Executive Officer following the resignation of President and CEO Prasad Rampalli. Hu will also continue in the role of Chief Financial Officer, while serving as CEO.

Eli Khouri was named President and Chief Executive Officer of Equity Office Management, LLC, effective upon Tom August’s retirement at the end of September 2015. Khouri joins Equity Office from Kilroy Realty Corporation, where he was Executive Vice President and Chief Investment Officer.

Former Government Officials Joining Corporate World

Christopher S. Lehane has joined Airbnb, Inc. as Head of Global Public Policy and Public Affairs. Lehane served as Special Assistant Counsel to President Bill Clinton and as Press Secretary for Al Gore during the 2000 presidential campaign.

Mergers and Acquisitions

On August 21, 2015, Ascena Retail Group, Inc. completed its acquisition of ANN INC., owner of the Ann Taylor, LOFT, and Lou & Grey brands. ANN will continue to operate as a wholly-owned subsidiary of Ascena.

On August 24, 2015, Belk, Inc. announced an agreement to be acquired by private equity firm Sycamore Partners for $3 billion. After the acquisition is completed, Tim Belk will remain Chief Executive Officer of Belk and the company will continue to be headquartered in Charlotte, NC. The transaction is expected to be completed in the fourth quarter of 2015.

On August 24, 2015, The Home Depot, Inc. completed its $1.625 billion acquisition of Interline Brands, Inc.

 

 

 

August 20, 2015

CEO Changes

Daniel J. Houston was appointed President and Chief Executive Officer of Principal Financial Group, Inc. this week, succeeding Larry D. Zimpleman, who continues as Executive Chairman. Houston, a 31-year veteran of the company, most recently served as President and Chief Operating Officer.

Edward H. West will be resigning as President and Chief Executive Officer of Education Management Corporation, effective August 28, 2015, to “pursue other interests.” The company will be led by an Office of the Chairman while the board conducts a search for a new CEO.

Leggett & Platt, Incorporated has named Karl G. Glassman, currently President and Chief Operating Officer, as its new Chief Executive Officer, effective January 1, 2016. Glassman will succeed David S. Haffner, who is retiring at the end of this year after serving as CEO since 2006.

Former Government Officials Joining Corporate World

Raymond W. Kelly, former Police Commissioner of New York City, was elected to The Hain Celestial Group, Inc.’s board of directors. Kelly also served as Commissioner of the U.S. Customs Service and as Undersecretary for Enforcement at the U.S. Treasury Department between his two stints as police commissioner. He joined Cushman & Wakefield, Inc. last year as President of Risk Management Services.

Mergers and Acquisitions

On August 13, 2015, Qualcomm Incorporated completed its $2.4 billion acquisition of CSR plc.

On August 14, 2015, Northwest Bancshares, Inc. completed its acquisition of LNB Bancorp, Inc., the parent company of The Lorain National Bank.   

On August 17, 2015, Liberty Interactive Corporation announced that it has agreed to acquire zulily, inc. for $2.4 billion. After the merger closes, zulily will remain based in Seattle, with Darrell Cavens remaining President and Chief Executive Officer. The transaction is expected to be completed during the fourth quarter of 2015.

On August 17, 2015, Affinia Group announced an agreement to be sold to MANN+HUMMEL, based in Ludwigsburg, Germany. Closing of the acquisition is subject to regulatory approval.

 

 

August 13, 2015

CEO Changes

Neil Cole stepped down as Chairman, President and Chief Executive Officer of Iconix Brand Group, Inc., but will remain with the company as a special advisor until September 30, 2015. Iconix board member F. Peter Cuneo was named Chairman and Interim CEO.

Joseph Natale stepped down as President and Chief Executive Officer of Telus Corporation and was replaced by Chairman Darren Entwistle, who had been the company’s CEO from 2000 to 2014. Richard H. Auchinleck succeeded Entwistle as Chairman. Natale’s resignation stemmed from his unwillingness to relocate to Western Canada, where Telus is headquartered. According to a company statement, “the Board determined that the Company would be best served by having its chief executive officer reside in the West.”

PR Newswire Association LLC appointed Robert A. Gray as its new Chief Executive Officer, succeeding Ninan Chacko. Gray previously served as Chief Financial Officer of PR Newswire's parent company, UBM plc.

Former Government Officials Joining Corporate World

Hilton Worldwide Holdings Inc. has elected Jon M. Huntsman, Jr. to its board of directors. Huntsman was the U.S. Ambassador to China from 2009 to 2011, and he served as Governor of Utah from 2005 to 2009.

Steven L. Antonakes was named Senior Vice President and Chief Compliance Officer of Eastern Bank this week. He joined the bank from the Consumer Financial Protection Bureau, where he served as served as Deputy Director and as the Associate Director for Supervision, Fair Lending and Enforcement.

Caitlin Hayden, former Special Assistant to the President and National Security Council Spokesperson, has joined Edelman’s Washington, DC office as Senior Vice President in the Media and Technology practices.

Ernst & Young LLP announced the appointment of Joe Huddleston, former Executive Director of the Multistate Tax Commission, as Executive Director in the firm’s National Indirect Tax group. Huddleston previously served as Commissioner for the Tennessee Department of Revenue and as Chief Financial Officer for the Metropolitan Government of the City of Nashville and Davidson County.

Mergers and Acquisitions

On August 6, 2015, CF Industries Holdings, Inc. announced an agreement to merge with OCI N.V.’s European, North American and Global Distribution businesses. CF will become a subsidiary of a new holding company domiciled in the United Kingdom. The new company will keep the CF name and operate under the leadership of CF’s management team, with executive offices in Deerfield, Illinois. The transaction is expected to close in 2016, subject to receipt of shareholder and regulatory approvals.

On August 10, 2015, Google Inc. announced that it plans to reorganize into a holding company structure later this year. A newly created company, Alphabet Inc., will become the parent of Google. The company’s other businesses, including Calico, Nest, Fiber, and Google X, will be managed separately from the Google business. Current Chief Executive Officer Larry Page will become CEO of Alphabet, and Sundar Pichai, currently Senior Vice President, Products, will take over as Google’s CEO.

On August 10, 2015, Berkshire Hathaway Inc. announced an agreement to acquire Precision Castparts Corp. The $37.2 billion deal is Berkshire’s largest acquisition to date. The transaction is expected to close during the first quarter of 2016, pending shareholder and regulatory approvals. 

On August 11, 2015, Symetra Financial Corporation entered into an agreement to be acquired by Sumitomo Life Insurance Company. After the merger closes, Symetra will become Sumitomo’s U.S. representative, maintaining its current management team, brand, and headquarters in Bellevue, Washington. The transaction is expected to close late in the first quarter or early in the second quarter of 2016, subject to the approval of Symetra's shareholders and regulators.

On August 12, 2015, Fidelity National Information Services, Inc. (FIS) announced an agreement to acquire SunGard Data Systems Inc. The acquisition is expected to close during the fourth quarter of 2015.

 

 

August 6, 2015 

CEO Changes

The Travelers Companies, Inc. announced that Alan D. Schnitzer will succeed Jay S. Fishman as Chief Executive Officer, effective December 1, 2015. Schnitzer currently serves as Chief Executive Officer of Business and International Insurance. Fishman, who is stepping down as CEO due to health issues, will remain with the company as Executive Chairman. In a letter to employees, Fishman wrote: “Given the progression of the symptoms I have been experiencing since informing all of you of my illness, it appears likely that I am dealing with a variant of Amyotrophic Lateral Sclerosis, or ALS. While this is a progressive disease, anyone who has seen me can tell you that I am more than able to play an active role in Travelers’ future.”

Outerwall Inc. appointed Erik E. Prusch as its new Chief Executive Officer, succeeding interim CEO Nora M. Denzel, who remains on the board of directors. Prusch previously served as President and CEO of Clearwire Corporation.

TGI Friday's Inc. announced that Nicholas P. Shepherd plans to step down as President and Chief Executive Officer in mid-October 2015. Chairman of the Board John Antioco will become interim CEO upon Shepherd’s departure.

W. R. Berkley Corporation announced that President and Chief Operating Officer W. Robert Berkley, Jr. will become Chief Executive Officer, effective October 31, 2015. He succeeds company founder William R. Berkley, who will remain as Executive Chairman.

Kevin M. Gilligan was named Chief Executive Officer of Appvion, Inc. Gilligan, formerly President of the Paper Division, succeeded Mark R. Richards, who will remain Chairman until his retirement at the end of this year.

NorthStar Asset Management Group Inc. (NSAM) promoted Albert Tylis from President to Chief Executive Officer. He succeeds David T. Hamamoto, who continues as Executive Chairman. Hamamoto will also step down as CEO of NorthStar Realty Finance Corp. (an affiliate of NSAM) on August 11, 2015, when Jonathan A. Langer joins the company as Executive Vice President of NSAM and CEO of NorthStar Realty Finance.

Former Government Officials Joining Corporate World

Keith D. Curry was elected to MBIA Inc.’s board of directors. Curry, a former mayor of Newport Beach, California, has served as a Newport Beach city council member since 2006.

Andrew C. “Skip” Hove, Jr., former Chairman of the Federal Deposit Insurance Corporation, was appointed Chairman of Great Western Bank’s board of directors this week.

Mergers and Acquisitions

On July 31, 2015, Taylor Corporation completed its acquisition of the assets of The Standard Register Company. Standard Register filed for Chapter 11 bankruptcy earlier this year, and Taylor was the successful bidder for the company’s assets at a bankruptcy auction held on June 19th.  

On August 1, 2015, BB&T Corporation completed its acquisition of Susquehanna Bancshares, Inc. Susquehanna’s primary subsidiary, Susquehanna Bank, has merged with and into Branch Banking and Trust Company, a subsidiary of BB&T.

On August 2, 2015, Barnes & Noble Education, Inc. completed its spin-off from Barnes & Noble Education, Inc. as an independent public company.

On August 3, 2015, PartnerRe Ltd. announced an agreement to be acquired by EXOR S.p.A. for $6.9 billion. PartnerRe has terminated its previous merger agreement with AXIS Capital Holdings Limited.

On August 3, 2015, CIT Group Inc. completed its acquisition of OneWest Bank N.A. As part of the transaction, OneWest Bank merged with CIT Bank to create CIT Bank, N.A. Joseph Otting, OneWest’s President and CEO, has joined CIT Group as Co-President and head of CIT Bank, N.A.

On August 3, 2015, 3M Company completed its acquisition of Capital Safety Group Ltd. from private equity firm KKR.

On August 3, 2015, Vista Outdoor Inc. completed its acquisition of CamelBak Products, LLC from Compass Diversified Holdings. Sally McCoy will remain CEO of CamelBak.

On August 3, 2015, Microchip Technology Incorporated completed its acquisition of Micrel, Incorporated.

On August 5, 2015, Tecumseh Products Company announced an agreement to be acquired by an affiliate of Mueller Industries, Inc. and Atlas Holdings LLC. After the acquisition closes, Tecumseh will remain a standalone, privately held business with its current senior management in place. The transaction is expected to be completed in the third quarter of 2015.

 

 

July 30, 2015

CEO Changes

The Procter & Gamble Company announced the appointment of David S. Taylor as its new President and Chief Executive Officer, effective November 1, 2015. Taylor, currently Group President of Global Beauty, Grooming and Health Care, will succeed A.G. Lafley, who will remain with the company as Executive Chairman.

Thomas C. Leppert is resigning as Chief Executive Officer of Kaplan, Inc. on August 21, 2015. Kaplan Chairman Andrew S. Rosen will succeed Leppert as CEO.

William Lyon Homes, Inc. announced the promotion of President and Chief Operating Officer Matthew R. Zaist to Co-Chief Executive Officer and President. Current chief executive William H. Lyon was named Vice Chairman of the Board, in addition to his Co-CEO role.

Timothy J. Donahue was named President and Chief Executive Officer of Crown Holdings, Inc., effective January 1, 2016. He succeeds John W. Conway, who will remain on the board as non-executive Chairman. Donahue has served as President and Chief Operating Officer since 2013.

First Interstate BancSystem, Inc. announced the appointment of Kevin P. Riley as President and Chief Executive Officer, effective September 23, 2015. Riley, currently Executive Vice President and Chief Financial Officer, will succeed Edward Garding, who is retiring.

Euramax Holdings, Inc. has named Richard C. Brown as its new President and Chief Executive Officer, effective August 10, 2015. Brown most recently served as Managing Director and Partner at Sun Capital Partners, Inc. He succeeds Hugh E. Sawyer, who had been serving as interim President.

Sonic Automotive, Inc. has promoted President and Chief Strategic Officer B. Scott Smith to Chief Executive Officer. He succeeds O. Bruton Smith, who remains Executive Chairman.

John P. Wallace, currently President, Operations and Technical Services at NBCUniversal, LLC, will be joining Deluxe Entertainment Services Inc. as President and Chief Executive Officer, effective in early September 2015. He will replace David Kassler, who will remain with the company during a transitional period.

Cullen/Frost Bankers, Inc. announced that Richard W. “Dick” Evans, Jr. will be retiring as Chairman and Chief Executive Officer on March 31, 2016. He will be succeeded by Cullen/Frost President Phillip D. Green.

Former Government Officials Joining Corporate World

Unisys Corporation announced the appointments of Mark A. Forman as Global Head of Unisys Public Sector and Jennifer L. Napper as Group Vice President, Department of Defense and Intelligence Group within Unisys Federal. Forman served as Administrator of the Office of E-Government and Information Technology in the George W. Bush administration. Napper had a 30-year career in the U.S. Army, culminating in the role of Director, J5 Plans and Policy Directorate for the U.S. Cyber Command within the Department of Defense.

Rohit Dewan was named Vice President, Investor Relations at Springleaf Holdings, Inc. He joined Springleaf from the Consumer Financial Protection Bureau, where he served as Program Manager within the Office of Supervision Examinations.

Mergers and Acquisitions

On July 22, 2015, The Home Depot, Inc. announced an agreement to acquire Interline Brands, Inc. for $1.625 billion. The transaction is expected to close during The Home Depot's fiscal third quarter, which ends on November 1, 2015.

On July 23, 2015, StanCorp Financial Group, Inc. announced that it has agreed to be acquired by Meiji Yasuda Life Insurance Company. StanCorp Chairman, President and Chief Executive Officer J. Gregory Ness will continue to lead the company, which will remain headquartered in Portland, OR, after the acquisition closes. The transaction is expected to close in the first quarter of 2016, pending receipt of regulatory approvals. 

On July 24, 2015, AT&T Inc. completed its acquisition of DIRECTV. Michael D. White has retired as DIRECTV’s Chairman, President and Chief Executive Officer. John T. Stankey, AT&T’s new CEO of AT&T Entertainment and Internet Services, will be responsible for leading the combined operations of DIRECTV and AT&T Home Solutions.

On July 29, 2015, Solvay S.A. announced an agreement to acquire Cytec Industries Inc. for $5.5 billion. The transaction is expected to close in the fourth quarter of 2015, subject to regulatory approvals and Cytec shareholders’ approval.

 

 

July 23, 2015

CEO Changes

AMC Entertainment Holdings, Inc. announced that Gerardo I. “Gerry” Lopez will be stepping down as Chief Executive Officer and President on August 6, 2015. Craig R. Ramsey, AMC’s Executive Vice President and Chief Financial Officer, was named interim President and CEO.

Kevin G. Keyes, President of Annaly Capital Management, Inc., was promoted to the additional role of Chief Executive Officer, effective September 30, 2015. He succeeds Wellington J. Denahan, who will continue as Chairman.

Quanex Building Products Corporation announced that F. Timothy Reese has been appointed President and Chief Executive Officer of its Mikron Industries subsidiary, effective July 27, 2015. He previously served as Senior Vice President, Operations at Trex Company, Inc.

Mergers and Acquisitions

On July 17, 2015,  GameStop Corp. completed its acquisition of Geeknet, Inc., the parent company of ThinkGeek and ThinkGeek Solutions.

On July 20, 2015, Lockheed Martin Corporation announced an agreement to acquire Sikorsky Aircraft from United Technologies Corporation for $9 billion. The transaction is expected to close by late fourth quarter 2015 or early first quarter 2016, subject to regulatory approvals.

On July 20, 2015, PayPal Holdings, Inc. completed its spin-off from eBay Inc. into an independent publicly-traded company.

 

 

July 16, 2015

CEO Changes

US Foods, Inc. named Pietro Satriano as its new President and Chief Executive Officer. He succeeded John A. Lederer, who will continue as an advisor to the company and its board. Satriano was previously US Foods’ Chief Merchandising Officer.

Steven J. Demetriou, former Chairman and Chief Executive Officer of Aleris Corporation, was appointed President and CEO of Jacobs Engineering Group Inc., effective August 17, 2015. The role had been vacant since Craig L. Martin retired at the end of last year. Noel G. Watson, who had been serving as Executive Chairman in the interim, will return to his non-executive Chairman position.

Aleris Corporation promoted Sean M. Stack to Chief Executive Officer, following the departure of Steven Demetriou. Stack had previously served as Executive Vice President and CEO of Aleris North America.

Dana Holding Corporation named James K. Kamsickas President and Chief Executive Officer, effective August 11, 2015. He succeeds Roger J. Wood, who will remain on the board of directors for a transitional period. Kamsickas will step down as President and CEO of International Automotive Components Group, S.A. and be replaced by Robert S. “Steve” Miller on August 6th.

Robert J. Myers will retire as Chief Executive Officer of Casey’s General Stores, Inc. on April 30, 2016, but remain on the board of directors. President and Chief Operating Officer Terry W. Handley will succeed Myers as CEO.

Guess?, Inc. has appointed Victor Herrero as its new Chief Executive Officer, effective August 1, 2015, succeeding company co-founder Paul Marciano. Herrero most recently served as Head of Asia Pacific for Inditex Group. Marciano will remain with the company as Chief Creative Officer and replace Maurice Marciano as Executive Chairman of the Board.

RentPath, LLC announced that Victor A. “Chip” Perry has been appointed President and Chief Executive Officer. Perry is the former CEO of AutoTrader.com.

Mergers and Acquisitions

On July 9, 2015, Coty Inc. announced an agreement to merge The Procter & Gamble Company’s fine fragrance, color cosmetics, and hair color businesses into Coty. The addition of P&G’s beauty business, which includes the COVERGIRL, Max Factor, and Clairol brands, is projected to double Coty’s revenues. The transaction is expected to be completed in the second half of 2016.

On July 13, 2015, Remy International, Inc. announced that it has agreed to be acquired by BorgWarner Inc. The transaction is expected to close in the fourth quarter of 2015, subject to approval from Remy’s shareholders, as well as receipt of regulatory clearances.

 

July 9, 2015 

CEO Changes

Ronald D. Boire, currently President and Chief Executive Officer of Sears Canada Inc., was named President and CEO of Barnes & Noble, Inc., effective September 8, 2015. He succeeds Michael P. Huseby, who will become Executive Chairman of Barnes & Noble Education, a new public company that will be spun off from Barnes & Noble, Inc. around the end of August.

Antony Jenkins was ousted as Group Chief Executive of Barclays Bank PLC this week. Board Chairman John McFarlane was appointed Executive Chairman, a role that will take full effect on July 17, 2015, after he steps down as Chairman of FirstGroup plc. Barclays’ executive committee members will report to McFarlane until a new CEO is named.

Paul D. Carrico has retired as President and Chief Executive Officer of Axiall Corporation. Timothy Mann, Jr., Axiall’s Executive Vice President of Strategy, General Counsel and Secretary, will serve as interim President and CEO.

Gilbane Building Company announced the appointment of Michael E. McKelvy as President and Chief Executive Officer, effective January 1, 2016, succeeding Thomas F. Gilbane, Jr., who will continue as Chairman. Currently President and Chief Operating Officer, McKelvy joined Gilbane in 2014 from CH2M HILL Companies, Ltd., where he was Executive Vice President and Chief Delivery Officer. 

Fifth Third Bancorp announced that Greg D. Carmichael, currently President and Chief Operating Officer, will be promoted to President and Chief Executive Officer, effective November 1, 2015. He will succeed Kevin T. Kabat, who will remain with the company as Executive Vice Chairman of the Board until his retirement in April 2016.

Hao Jiang was named Chief Executive Officer of eLong, Inc. He replaced Guangfu Cui, who will serve as a consultant to the company.

Former Government Officials Joining Corporate World

Linda Douglass will be joining Bloomberg L.P. as Global Head of Communications for Bloomberg Media Group in September 2015. She most recently served as Senior Vice President, Global Communications at The Atlantic. Douglass was the Director of Communications for the White House Office of Health Reform from 2009 to 2010. 

The Greenbrier Companies Inc. has elected retired U.S. Navy Admiral Thomas B. Fargo to its board of directors. Admiral Fargo served as Commander of the U.S. Pacific Command from 2002 until 2005.

Mergers and Acquisitions

On July 2, 2015, Kraft Foods Group, Inc. and H.J. Heinz Company completed their merger, forming The Kraft Heinz Company. Bernardo Hees, Chief Executive Officer of Heinz, serves as CEO of the combined company. Former Kraft Chairman and CEO John T. Cahill is now Vice Chairman of Kraft Heinz’s board of directors.

On July 2, 2015, Mondelēz International, Inc. and D.E Master Blenders 1753 B.V. combined their respective coffee businesses to create a new pure-play coffee company, Jacobs Douwe Egberts (JDE). D.E. Master Blenders Chief Executive Officer Pierre Laubies will lead JDE, which will be based in the Netherlands.

On July 3, 2015, Whirlpool Corporation completed its acquisition of American Dryer Corporation.

On July 6, 2015, Dollar Tree, Inc. completed its acquisition of Family Dollar Stores, Inc. Howard R. Levine, former Chairman and Chief Executive Officer of Family Dollar, has joined Dollar Tree’s board of directors.

On July 8, 2015, SS&C Technologies Holdings, Inc. completed its acquisition of Advent Software, Inc. Advent Software now operates as an independent business unit within SS&C.

 

 

July 2, 2015

CEO Changes

Joseph M. "Joey" Levin has been named Chief Executive Officer of IAC/InterActiveCorp. He had served as CEO, Search & Applications since 2012. Barry Diller, IAC’s previous principal executive officer, will maintain his Chairman and Senior Executive title.

Sears Hometown and Outlet Stores, Inc. has appointed William A. Powell as its new Chief Executive Officer and President, succeeding W. Bruce Johnson. Powell previously served as Senior Vice President and Chief Operating Officer.

Volt Information Sciences, Inc. announced on June 25, 2015 that Ronald Kochman has resigned as President and Chief Executive Officer. Michael D. Dean, current Chairman of the company, was appointed Interim President and CEO.

Former Government Officials Joining Corporate World

Lockheed Martin Corporation elected retired U.S. Air Force Gen. Bruce A. Carlson to its board of directors. Carlson served as Director of the National Reconnaissance Office in the U.S. Department of Defense from 2009 until 2012.

Richard W. Fisher has joined Barclays as Senior Advisor. He stepped down as President and Chief Executive Officer of the Federal Reserve Bank of Dallas in March 2015, after ten years in the role. Fisher was also elected to AT&T Inc.’s board of directors late last week.

Robert L. Burns has joined Deloitte & Touche LLP as a Director in its Banking and Securities Regulatory Practice. Burns joins Deloitte after 25 years with the Federal Deposit Insurance Corporation, where he served most recently as Acting Deputy Director of Complex Financial Institutions.

Mergers and Acquisitions

On June 29, 2015, Sysco Corporation announced the termination of its merger agreement with US Foods, Inc. The announcement came shortly after  the U.S. District Court in the District of Columbia granted the U.S. Federal Trade Commission’s request for a preliminary injunction to block the proposed merger. The FTC had charged that the merger would violate antitrust laws.

On June 29, 2015, TEGNA, Inc. (formerly known as Gannett Co., Inc.) completed the separation of its business into two independent publicly traded companies. Going forward, TEGNA will focus on its Broadcasting and Digital businesses, while Gannett Co., Inc. will focus on the Publishing businesses.

On June 30, 2015, Willis Group Holdings plc and Towers Watson & Co. announced an agreement to merge. Towers Watson Chairman and Chief Executive Officer John J. Haley will lead the combined company, Willis Towers Watson, as CEO. Willis chief executive Dominic Casserley will be President and Deputy CEO of the combined company. The transaction is expected to close by the end of this year, subject to receipt of regulatory and shareholder approvals.

On June 30, 2015, Siemens Energy, Inc., a subsidiary of Siemens AG, completed its acquisition of Dresser-Rand Group, Inc. Dresser-Rand President and Chief Executive Officer Vincent R. Volpe, Jr. will be resigning after a transition period.

On July 1, 2015, ACE Limited announced an agreement to acquire The Chubb Corporation for $28.3 billion. The combined company will be led by Evan G. Greenberg, current Chairman and Chief Executive Officer of ACE. John D. Finnegan, Chairman, President, and CEO of Chubb, will serve as Executive Vice Chairman for External Affairs of North America. The combined company will eventually operate globally under the Chubb name, with principal offices in Zurich. The transaction is expected to close during the first quarter of 2016, pending shareholder and regulatory approvals.

On July 1, 2015, Energizer completed the split of its Household Products and Personal Care businesses into two separate publicly-traded companies, Energizer Holdings, Inc. and Edgewell Personal Care Company.

On July 1, 2015, General Wireless Operations Inc., doing business as RadioShack, announced that it has closed on its purchase of the RadioShack brand. RadioShack Corporation changed its name to RS Legacy Corporation in late June to satisfy conditions of its purchase agreement with General Wireless.

 

 


June 25, 2015

CEO Changes

The Boeing Company named Dennis A. Muilenburg as its new President and Chief Executive Officer, effective July 1, 2015. He succeeds W. James “Jim” McNerney, Jr., who is stepping down after 10 years as CEO. McNerney will remain Chairman and continue as a company employee until his retirement at the end of February 2016. Muilenburg first joined Boeing as an engineering intern in 1985 and worked his way up to his current role as Vice Chairman, President and Chief Operating Officer.

W. Gregory “Greg” Lehmkuhl was appointed Chief Executive Officer of Lineage Logistics Holdings, LLC, effective in mid-July 2015. He will succeed William J. Hendricksen, who will become Vice Chairman. Lehmkuhl most recently served as Executive Vice President of Con-way Inc. and President of Con-Way Freight, Inc.

Colliers International Group Inc. appointed Jay S. Hennick Chief Executive Officer, following the resignation of President and CEO Douglas P. Frye. Hennick will continue as Chairman of Colliers. Chief Operating Officer Dylan E. Taylor was promoted to the additional role of President.

Lewis F. Von Thaer was named Chief Executive Officer of DynCorp International, Inc. and its parent company, Delta Tucker Holdings, Inc., effective July 6, 2015. Interim CEO James E. Geisler will become non-executive Chairman of the board of directors. Von Thaer joins DynCorp from Leidos Holdings, Inc., where he currently serves as President of the National Security Sector.

Standard Life plc announced the appointment of Keith Skeoch, currently Chief Executive Officer of Standard Life Investments Limited, as its new CEO, effective August 5, 2015. He will succeed David Nish, who is stepping down after six years as chief executive.

Robert L. Moody, Sr. stepped down as Chief Executive Officer of National Western Life Insurance Company this week, but will continue as Chairman of the Board. He was succeeded by his son Ross R. Moody, previously President and Chief Operating Officer, who now serves as President and interim CEO. 

Glacier Bancorp, Inc. announced the addition of Randall M. "Randy" Chesler as President of Glacier Bank. Michael J. “Mick” Blodnick, current President and Chief Executive Officer of Glacier Bancorp and CEO of Glacier Bank, will retire at the end of 2016, at which point it is expected that Chesler will succeed him as CEO.

CME Clearing Europe, CME Group Inc.'s European multi-asset class clearing house, announced the promotion of Tina Hasenpusch to Chief Executive Officer, replacing Lee Betsill.

Former Government Officials Joining Corporate World

Ernst & Young LLP announced the appointment of Heather C. Maloy as Tax Controversy Leader in its National Tax Department. She will be joining the firm from the Internal Revenue Service, where she currently serves as Commissioner for the Large Business and International Division.

Rafael Borrás was named Partner and Head of the Federal Civilian Practice at A.T. Kearney, Inc. Borrás previously served as Under Secretary for Management and Acting Deputy Secretary of the U.S. Department of Homeland Security.

Mergers and Acquisitions

On June 19, 2015, Taylor Corporation announced that it will acquire the assets of The Standard Register Company. The transaction is expected to be completed within 60 days, pending approval from the U.S. Bankruptcy Court in the District of Delaware.

On June 22, 2015, Martha Stewart Living Omnimedia, Inc. announced an agreement to be acquired by Sequential Brands Group, Inc. Martha Stewart will continue to serve as Chief Creative Officer and will be nominated to serve on Sequential’s board after the acquisition is completed. The transaction is expected to close in the second half of 2015, subject to shareholder approval.

On June 23, 2015, Verizon Communications Inc. completed its acquisition of AOL Inc. Timothy M. Armstrong continues as Chief Executive Officer of AOL, reporting to Marni M. Walden, Executive Vice President and President of Product Innovation and New Businesses at Verizon.

On June 24, 2015, Royal Ahold NV and Delhaize Group announced their intention to merge into a combined business. The transaction is expected to close by mid-2016.

 

 


June 18, 2015

CEO Changes

Twenty-First Century Fox, Inc. announced that Rupert Murdoch will be stepping down as Chief Executive Officer, effective July 1, 2015. He will share the title Executive Co-Chairman with his son Lachlan K. Murdoch, who currently serves on the board of directors as a non-executive Co-Chairman. His younger son, James R. Murdoch, will be promoted to CEO from his current Co-Chief Operating Officer role.

Richard Costolo will resign as Chief Executive Officer of Twitter, Inc. on July 1, 2015. He will be succeeded on an interim basis by company co-founder and Chairman Jack Dorsey. Dorsey, who previously served as Twitter’s chief executive from 2007 to 2008, will also continue to serve as CEO of Square, Inc.

Showtime Networks Inc. announced that David Nevins, currently President, will be promoted to the additional role of Chief Executive Officer, effective January 1, 2016. He succeeds Matthew C. Blank, who will remain Chairman.

Lawrence C. Nussdorf, formerly President and Chief Operating Officer, was named Chairman and Chief Executive Officer of Clark Enterprises, Inc. The position had been vacant since A. James Clark passed away earlier this year.

The Pep Boys – Manny, Moe & Jack announced the appointment of Scott P. Sider as its new Chief Executive Officer, replacing John Sweetwood, who has been serving as Interim CEO. Sider, who most recently served as Group President, Rent A Car Americas at Hertz, was also appointed to the company’s board of directors.

On June 17, 2015, Woolworths Limited announced that its Chief Executive Officer Grant O'Brien will retire, effective with the appointment of his replacement.

Former Government Officials Joining Corporate World

Margaret Cummisky, formerly a senior staff member for Senator Daniel K. Inouye and currently Assistant Secretary for Legislative and Intergovernmental Affairs with the U.S. Department of Commerce, will join Hawaiian Airlines as Managing Director of Federal Government Relations on June 27, 2015.

Mary L. Schapiro, former Chairman of the U.S. Securities and Exchange Commission, will join the board of directors of London Stock Exchange Group plc, effective July 1, 2015.

Mergers and Acquisitions

On June 12, 2015, Reynolds American Inc. completed its acquisition of Lorillard, Inc.

On June 14, 2015, Standard Pacific Corp. and The Ryland Group, Inc. announced that they have entered a definitive merger agreement in which Standard Pacific and Ryland will combine to create a single company. The transaction is expected to close early fall 2015.

On June 15, 2015, Cox Automotive, Inc. announced that it has agreed to acquire Dealertrack Technologies, Inc. in a $4 billion deal. The transaction is expected to close in the third quarter of 2015.

On June 15, 2015, CVS Health Corporation announced that it has entered into a definitive agreement to acquire Target Corporation's pharmacy and clinic businesses for approximately $1.9 billion. Target's pharmacies will be rebranded as CVS/pharmacy and its clinics will be rebranded as MinuteClinic. The transaction is expected to close around the end of 2015.

On June 16, 2015, QTS Realty Trust, Inc. successfully acquired Carpathia Hosting. Both companies will continue to operate through their current organizational structure while developing a long term integration plan. Peter Weber, former CEO of Carpathia, has joined QTS as Chief Product Officer.

On June 17, 2015, First Republic Bank announced that its First Republic Investment Management subsidiary will purchase Constellation Wealth Advisors, LLC for approximately $115 million. The transaction is expected to close in the third quarter of 2015.

 

 

 

June 11, 2015

CEO Changes

Deutsche Bank AG appointed John Cryan as Co-Chief Executive Officer, effective July 1, 2015, succeeding Anshu Jain. Once Jurgen Fitschen steps down as Co-CEO on May 19, 2016, Cryan will become the sole CEO of Deutsche Bank. Cryan most recently served as President for Europe at Temasek from 2012 to 2014.

Central Pacific Financial Corp. has appointed A. Catherine Ngo as its new President and Chief Executive Officer, effective July 1, 2015. Ngo, currently President and Chief Operating Officer, will succeed John C. Dean, who remains Executive Chairman.

Thomas Mepham was named Chief Executive Officer of Sequa Corporation. He succeeds David L. Squier, who continues as Executive Chairman. Mepham most recently served as Senior Vice President of Power, Controls & Sensing System for UTC Aerospace Systems, a business unit of United Technologies Corporation.

Glen A. Taylor stepped down as Chief Executive Officer of Taylor Corporation this week, but will remain Chairman of the Board. He was succeeded as CEO by his niece Deb Taylor.

Visteon Corporation has appointed Sachin Lawande as President and Chief Executive Officer, effective June 29, 2015, succeeding Timothy Leuliette. Lawande currently serves as Executive Vice President and President, Infotainment Division at Harman International Industries, Incorporated.

Former Government Officials Joining Corporate World

Robert L. Gibbs has joined McDonald's Corporation as Executive Vice President and Global Chief Communications Officer. Gibbs served as White House Press Secretary from 2009 to 2011.

Univision Communications Inc. named Jessica R. Herrera-Flanigan Executive Vice President, Government Relations and Public Policy. She joined Univision from Monument Policy Group, LLC, where she was a Partner. Before that, she served as Staff Director and General Counsel for the Committee on Homeland Security in the U.S. House of Representatives.

Elaine L. Chao has been elected to Ingersoll-Rand plc’s board of directors. Chao served as U.S. Secretary of Labor from 2001 to 2009.

Mergers and Acquisitions

On June 5, 2015, World Wide Technology, Inc. (WWT) announced its acquisition of Asynchrony, Inc. from Schafer Corporation. Asynchrony now operates as a business unit of WWT under the name Asynchrony Labs.

On June 10, 2015, Tokio Marine Holdings, Inc. announced an agreement to acquire HCC Insurance Holdings, Inc. in a $7.5 billion deal. The transaction is expected to close in the fourth quarter of 2015, subject to approval from HCC’s shareholders and regulatory authorities.

 

 

June 4, 2015

CEO Changes

Toys “R” Us, Inc. has named David A. Brandon as its new Chairman and Chief Executive Officer, effective July 1, 2015. He will succeed Antonio Urcelay, who is retiring. From 1999 to 2010, Brandon was CEO of Domino's Pizza, Inc., where he is still Chairman of the Board. He most recently served as Director of Intercollegiate Athletics at the University of Michigan.

NetJets Inc. has appointed Adam Johnson as its new Chairman and Chief Executive Officer, replacing Jordan Hansell, who left the company to become Executive Chairman of QuickInsured, LLC. Johnson was previously President of NetJets.

Mitchell E. Rudin was named Chief Executive Officer of Mack-Cali Realty Corporation. The CEO role had been vacant since Mitchell E. Hersh retired last month. Rudin most recently served as President and CEO of U.S. Commercial Operations at Brookfield Office Properties Inc.

CohnReznick LLP has elected Frank P. Longobardi, currently Regional Managing Partner for New England, as its next Chief Executive Officer, effective October 1, 2015. He will succeed Co-CEOs Kenneth E. Baggett and Thomas J. Marino, who will remain members of the Executive Board.

Keith D. Maio, who served as President and Chief Executive Officer of National Bank of Arizona, has been appointed Executive Vice President and Chief Banking Officer for Zions Bancorporation. He will retain the Chairman title for National Bank of Arizona. He has been replaced by Mark Young, who previously served as Executive Vice President and Executive Director of Real Estate at National Bank of Arizona.

Former Government Officials Joining Corporate World

Karyn G. Le Blanc has joined Stratacomm LLC as Senior Vice President of its Infrastructure Practice Group. Le Blanc formerly served as Communications Director for the District Department of Transportation (DDOT) in Washington, DC.

General Motors Company has named Andy York as Executive Director, Federal Affairs. He served as Chief of Staff to former U.S. Senator Mark Pryor (D-AR) from 2010 to 2015. In addition, Cherie Wilson, who was Legislative Assistant for former U.S. Representative Albert R. Wynn (D-MD), will join GM as Director, Federal Affairs.

Mergers and Acquisitions

On May 29, 2015, Harris Corporation completed its acquisition of Exelis Inc. The combined company is expected to have revenues of around $8 billion.

On May 29, 2015, Raytheon Company completed its joint venture transaction with Vista Equity Partners, combining its Raytheon Cyber Products business with Websense, Inc., a Vista Equity portfolio company. Raytheon owns 80.3 percent of the joint venture, which will temporarily be known as Raytheon|Websense and will continue to be led by Websense CEO John R. McCormack.

On June 1, 2015, Intel Corporation announced an agreement to acquire Altera Corporation in a deal valued at around $16.7 billion. Altera will become a business unit of Intel after the merger is completed. The transaction is expected to close in six to nine months, subject to regulatory and Altera shareholder approvals.

On June 1, 2015, OM Group, Inc. announced an agreement to be acquired by funds affiliated with Apollo Global Management, LLC. The deal excludes OM Group's Electronic Chemicals and Photomasks businesses, which will be acquired by Platform Specialty Products Corporation. The transactions are expected to be completed by the end of 2015, pending regulatory and OM Group shareholder approvals.

On June 1, 2015, FirstService Corporation completed its separation into two independent, publicly traded companies: Colliers International Group Inc. and FirstService Corporation, composed of FirstService Residential and FirstService Brands divisions. D. Scott Patterson, formerly President and Chief Operating Officer, now serves as FirstService’s Chief Executive Officer. Former CEO Jay S. Hennick, who remains on the FirstService board as Chairman, has joined Colliers as Executive Chairman. Douglas P. Frye will continue as President and CEO of Colliers.

On June 1, 2015, Marsh & McLennan Agency LLC (MMA) announced it has acquired MHBT Inc.

On June 2, 2015, GameStop Corp. announced an agreement to acquire Geeknet, Inc., the parent company of ThinkGeek and ThinkGeek Solutions. The acquisition is expected to close by the end of GameStop’s second quarter 2015. Geeknet has terminated its previous agreement to be acquired by Hot Topic, Inc., announced just last week.

 

 

 

May 28, 2015

CEO Changes

Dollar General Corporation has named Todd J. Vasos, currently Chief Operating Officer, as its new Chief Executive Officer, effective June 3, 2015. He succeeds Richard W. Dreiling, who will remain with the company as Senior Advisor and Chairman of the Board until January 29, 2016.

Perry Ellis International, Inc. announced that company founder George Feldenkreis will step down as Chief Executive Officer on January 30, 2016, and continue as Executive Chairman of the Board. He will be succeeded by his son Oscar Feldenkreis, who currently serves as President and Chief Operating Officer, as well as Vice Chairman of the Board.

David F. Dyer announced plans to retire as President and Chief Executive Officer of Chico's FAS, Inc. in the spring of 2016. He will remain on the board as Vice Chairman until the annual meeting of shareholders in June 2016. The company’s board is in the process of searching for Dyer’s successor.

Donald J. Heberle has been appointed the new Chief Executive Officer of BNY Mellon Wealth Management, succeeding current CEO Lawrence Hughes, effective June 30, 2015. Hughes will continue in an advisory role at BNY Mellon Investment Management.

On May 25, 2015, Stéphane Gonthier resigned from the role of Chief Executive Officer of 99 Cents Only Stores, with Andrew Giancamilli, Chairman of the company’s Board, replacing him as Interim CEO.

Mergers and Acquisitions

Lexmark International, Inc. completed its acquisition of Kofax Limited on May 21, 2015. Reynolds C. Bish, Chief Executive Officer of Kofax, has joined Lexmark as Vice President and as President of Lexmark Enterprise Software.

On May 26, 2015, Charter Communications, Inc. and Time Warner Cable Inc. announced an agreement to merge in a deal valued at $78.7 billion. Charter President and Chief Executive Officer Thomas M. Rutledge will continue to lead the combined company and is expected to be named to the additional role of Chairman of the Board. The transaction is expected to close by the end of 2015, subject to shareholder and regulatory approval.

On May 26, 2015, Hot Topic, Inc. announced an agreement to acquire Geeknet, Inc., the parent company of online retailer ThinkGeek. Geeknet will operate as a subsidiary of Hot Topic after the transaction closes.

On May 26, 2015, Reynolds American Inc. and Lorillard, Inc. announced that the U.S. Federal Trade Commission has voted to accept Reynolds’ proposed acquisition of Lorillard, and the transaction is expected to close by the end of June 2015.

On May 27, 2015, Valley National Bancorp announced an agreement to acquire CNLBancshares, Inc. The acquisition is expected to be completed in the fourth quarter of 2015, pending regulatory approvals and CNLBancshares shareholder approval.

On May 28, 2015, Avago Technologies Limited announced a deal to acquire Broadcom Corporation for $37 billion. Hock Tan, President and Chief Executive Officer of Avago, will serve as President and CEO of the combined company, which will operate under the name Broadcom Limited. The transaction is expected to close by the end of the first quarter of 2016, subject to receipt of regulatory and shareholder approvals.

 

 

 

May 21, 2015

CEO Changes

The Mosaic Company announced that James C. "Joc" O’Rourke, currently Executive Vice President, Operations and Chief Operating Officer, will succeed James T. Prokopanko as President and Chief Executive Officer, effective August 5, 2015. Prokopanko will then serve as Senior Advisor until January 4, 2016, when he retires.

Richard Lozyniak was named interim Chief Executive Officer of Heritage Home Group, LLC. He replaced Ira Glazer, who left the company. Lozyniak most recently served as CEO of North American Breweries.

Former Government Officials Joining Corporate World

SVB Financial Group appointed Mary John Miller to its board of directors. Miller was Under Secretary for Domestic Finance at the U.S. Department of the Treasury from 2012 to 2014.

Nathan Naylor has joined FleishmanHillard Inc.’s Washington, DC public affairs practice as Senior Vice President. Naylor served as Communications Director for the National Highway Traffic Safety Administration in the U.S. Department of Transportation from 2013 to 2014.

Mergers and Acquisitions

On May 14, 2015, UMB Financial Corporation received approval by the Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency for its acquisition of Marquette Financial Companies (MFC). The transactions are expected to close on May 31, 2015.

On May 15, 2015, ZF Friedrichshafen AG completed its acquisition of TRW Automotive Holdings Corp. TRW became a wholly-owned subsidiary of ZF and was renamed ZF TRW Automotive Holdings Corp.

On May 15, 2015, Genting Hong Kong Limited completed its acquisition of Crystal Cruises, Inc. from Nippon Yusen Kabushiki Kaisha (NYK). Edie Rodriguez, previously President and Chief Operating Officer, was promoted to President and Chief Executive Officer of Crystal Cruises.

On May 18, 2015, Ascena Retail Group, Inc. announced an agreement to acquire ANN INC. The merger will add Ann Taylor and LOFT to Ascena’s portfolio of brands, which currently includes Lane Bryant, Cacique, maurices, dressbarn, Catherines, and Justice. The transaction is expected to close in the second half of 2015, subject to receipt of regulatory and ANN shareholder approvals.

On May 18, 2015, Whirlpool Corporation announced has entered into an agreement to acquire American Dryer Corporation. The transaction is expected to close in early July 2015.

On May 19, 2015, Continental AG announced that it has agreed to acquire Elektrobit Automotive GmbH, a subsidiary of Elektrobit Corporation. The transaction is expected to close in the third quarter of 2015. Continental shareholders will vote on the transaction at an extraordinary general meeting on or around June 11, 2015.

 

  

May 14, 2015

CEO Changes

Church & Dwight Co., Inc. announced the promotion of Matthew T. Farrell, currently Chief Operating Officer and Chief Financial Officer, to Chief Executive Officer, effective January 1, 2016. He will succeed James R. Craigie, who will remain on the board of directors as non-executive Chairman. 

Gavin Hattersley was named interim Chief Executive Officer of MillerCoors LLC, effective upon current CEO Nicholas T. “Tom” Long’s retirement on June 30, 2015. Hattersley is Chief Financial Officer of Molson Coors Brewing Company, one of MillerCoors’ parent companies. 

Ryerson Holding Corporation has appointed Edward J. Lehner, Ryerson’s Executive Vice President and Chief Financial Officer, as President and Chief Executive Officer, effective June 1, 2015. He will succeed Michael C. Arnold, who is retiring at the end of this month. 

Mark A. Sarvary has stepped down from the role of President and CEO of Tempur Sealy International, Inc., effective May 12, 2015. W. Timothy "Tim" Yaggi, currently Chief Operating Officer, will serve as interim CEO until a replacement is announced. 

Former Government Officials Joining Corporate World

American Express Company elected former Utah Governor Michael O. Leavitt to its board of directors. After stepping down as governor, he served as Administrator of the Environmental Protection Agency from 2003 to 2005 and then as U.S. Secretary of Health and Human Services from 2005 to 2009.

Susan Schwab was elected to Marriott International, Inc.’s board of directors at the company’s annual shareholders’ meeting. She served as U.S. Trade Representative from 2006 to 2009 and as Deputy Trade Representative from 2005 to 2006.

Facebook, Inc. has appointed Kevin J. Martin as Vice President, Mobile and Global Access Policy. Martin served as Chairman of the Federal Communications Commission from 2005 to 2009.

Kent Chen was named Managing Director and Head of Asia Pacific Private Equity at Neuberger Berman. He joins the investment firm from the Hong Kong Monetary Authority, where he served as Deputy Chief Representative of the New York office. He also served as Advisor to the Executive Director for China at the International Monetary Fund.

Mergers and Acquisitions

Verizon Communications Inc. announced an agreement this week to acquire AOL Inc. for $4.4 billion. AOL Chairman and CEO Timothy M. Armstrong will continue to lead AOL’s operations after the acquisition closes. The transaction is expected to close this summer, subject to regulatory approvals.

On May 7, 2015, Microchip Technology Incorporated announced a definitive agreement to acquire Micrel, Incorporated. The acquisition is expected to close early in the third quarter of calendar 2015, subject to approval by Micrel's shareholders and regulatory approvals.

On May 11, 2015, Cushman & Wakefield, Inc. and DTZ announced a definitive agreement to merge. Brett White will become Chairman and Chief Executive Officer of the combined company, which will operate under the Cushman & Wakefield brand. DTZ CEO Tod Lickerman, will assume the role of President. The transaction is expected to close before the end of the year.

On May 11, 2015, Fiskars Corporation agreed to acquire WWRD Holdings Limited, which owns a portfolio of luxury brands, including Waterford, Wedgwood, Royal Doulton, Royal Albert and Rogaska. WWRD is a portfolio company of KPS Capital Partners, LP. The transaction is expected to close in the beginning of July 2015.

On May 13, 2015, Danaher Corporation announced an agreement to acquire Pall Corporation in a $13.8 billion deal. The transaction is expected to be completed around the end of 2015, subject to approval by Pall's shareholders and receipt of regulatory approvals.

 

 

 

May 7, 2015

CEO Changes

Cisco Systems, Inc. has named Chuck Robbins, currently Senior Vice President of Worldwide Operations, as its next Chief Executive Officer, effective July 26, 2015. He will succeed John T. Chambers, who has served as CEO since 1995. Chambers will remain with Cisco as Executive Chairman.

Kohler Co. announced that Herbert V. Kohler, Jr. will be stepping down as Chief Executive Officer on June 1, 2015, after serving in the role since 1972, but will continue as Executive Chairman. He will be succeeded by his son David Kohler, currently President and Chief Operating Officer.

Michael A. Wells has been appointed Group Chief Executive of Prudential plc, effective June 1, 2015. He will succeed Tidjane Thiam, who is leaving the company to become CEO of Credit Suisse Group AG. Wells is currently President and Chief Executive of Jackson National Life Insurance Company, a subsidiary of Prudential.

Follett Corporation has appointed board member Ray A. Griffith as its new President and Chief Executive Officer. He replaced Mary Lee Schneider, who has retired from the company. Griffith served as CEO of Ace Hardware Corporation from 2005 to 2013.

Board member Robert B. Aiken, Jr. was named interim President and Chief Executive Officer of United Stationers Inc., succeeding P. Cody Phipps, who has resigned to “pursue another opportunity.” Aiken most recently served as CEO of Feeding America. 

T. Rowe Price Group, Inc. has named William J. Stromberg as its next Chief Executive Officer and President, effective January 1, 2016. Stromberg, currently Vice President and Director, Global Equities and Global Equity Research, will succeed James A.C. Kennedy, who will remain on the board of directors until the company's annual meeting on April 27, 2016.

Alibaba Group Holding Limited announced the appointment of Daniel Zhang, currently Chief Operating Officer, as Chief Executive Officer, effective May 10, 2015. Zhang succeeds Jonathan Lu, who will remain on the board of directors as Vice Chairman.

Allianz Global Investors (AllianzGI) appointed Douglas Eu, currently Chief Executive Officer, Asia Pacific, as its new U.S. Chief Executive Officer, effective in 2016. He will succeed Brian Gaffney, who retires at the end of the 2015.

Former Government Officials Joining Corporate World

Vicky Waters has joined Ogilvy Public Relations Worldwide as Vice President and Leader of its West Coast Latino offering. She joined Ogilvy from the California Department of Parks and Recreation, where she served as Deputy Director of Public Affairs.

Mergers and Acquisitions

On May 1, 2015, XL Group plc completed its acquisition of Catlin Group Limited. The combined company operates under the XL Catlin brand name, with Michael S. McGavick continuing as Chief Executive Officer. Catlin Group CEO Stephen Catlin has joined XL Group as Executive Deputy Chairman.

On May 5, 2015, Avago Technologies Limited completed its acquisition of Emulex Corporation. Emulex is now a wholly-owned subsidiary of Avago, led by Hock E. Tan, Avago’s President and CEO.

On April 30, 2015, Boulevard Acquisition Corp. announced that it has entered into a definitive agreement with The Dow Chemical Company under which Boulevard will acquire AgroFresh, Dow's post-harvest specialty chemical business. Upon completion of the transaction, AgroFresh will become a stand-alone public company listed on NASDAQ.  Dow will retain a minority ownership stake in the company, and will be represented on the board of AgroFresh. Thomas Macphee, currently Vice President and Corporate Director for Dow, who had been responsible for AgroFresh, will be named Chief Executive Officer of AgroFresh. The transaction is expected to close in the third quarter of 2015 and is subject to approval by Boulevard's shareholders.

 

 

April 30, 2015

CEO Changes

Meritor, Inc. appointed Jeffrey A. "Jay" Craig as its new Chief Executive Officer, succeeding Ivor J. "Ike" Evans, who remains Executive Chairman. Craig previously served as Meritor’s President and Chief Operating Officer.

Former Government Officials Joining Corporate World

BAE Systems, Inc. has elected Ellen Tauscher to its board of directors. Tauscher served as Under Secretary for Arms Control and International Security and Special Envoy for Strategic Stability and Missile Defense at the U.S. State Department from 2009 to 2012. Before joining the Obama administration, she was a member of the U.S. House of Representatives, representing California's 10th Congressional District. 

Pacific Investment Management Company (PIMCO) announced the appointment of Ben S. Bernanke, former Chairman of the Federal Reserve System, as a senior advisor. 

The Boeing Company has named John P. Shannon as Vice President and Program Manager for the Space Launch System. Shannon’s 25-year career at NASA culminated in the role of Deputy Associate Administrator for Exploration Planning in the Human Exploration and Operations Mission Directorate.

Eric B. Beightel was named Associate Director, Federal Environmental Policy Practice at Parsons Brinckerhoff Inc. He joined Parsons Brinckerhoff from the U.S. Department of Transportation, where he served as Senior Environmental Policy Advisor in the Office of the Secretary.

Mergers and Acquisitions

On April 24, 2015, Comcast Corporation and Time Warner Cable Inc. terminated their $45 billion merger agreement. The Federal Communications Commission had recommended designating a hearing for the deal that would have likely doomed Comcast’s proposed acquisition of Time Warner Cable.

On April 24, 2015, Scholastic Corporation announced that it has entered into an agreement to sell its Educational Technology and Services (EdTech) business to Houghton Mifflin Harcourt Company (HMH) for $575 million. EdTech’s employees and management team, including its President Margery Mayer, are expected to remain with the business as part of HMH.  The transaction is expected to close in the second calendar quarter of 2015, subject to regulatory approvals and customary closing conditions. 

On April 27, 2015, Cap Gemini S.A. agreed to acquire iGATE Corporation for $4 billion. The transaction is expected to close in the second half of 2015, subject to regulatory approvals.

On April 27, 2015, WESCO International, Inc. announced that WESCO Distribution, Inc. has entered into a definitive agreement to acquire Hill Country Electric Supply. The closing is expected to occur in May 2015.

On April 28, 2015, XPO Logistics, Inc. and Norbert Dentressangle SA announced an agreement for XPO Logistics to acquire a majority interest in Norbert Dentressangle and launch a tender offer for the remaining shares. After the acquisition closes, Hervé Montjotin, Chairman of the Executive Board and Chief Executive Officer of Norbert Dentressangle, will serve as CEO of XPO's European business and President of the parent company. The transaction is expected to be completed in the second quarter of 2015.

 

 

 

April 23, 2015

CEO Changes

Coty Inc. has named Elio Leoni Sceti as its new Chief Executive Officer, effective July 1, 2015. Leoni Sceti currently serves as CEO of Iglo Foods Group Limited. Coty interim CEO Bart Becht will remain with the company as Chairman.

Martin Lundstedt, former President and Chief Executive Officer of Scania AB, was appointed President and CEO of AB Volvo, effective in October 2015. Volvo Chief Financial Officer Jan Gurander will serve as acting CEO in the interim.

KPMG LLP announced the election of Lynne M. Doughtie as its next Chairman and Chief Executive Officer, effective July 1, 2015. Doughtie is currently Vice Chair of KPMG’s Advisory business. She will succeed John B. Veihmeyer, who plans to shift his focus to his Global Chairman, KPMG International role.

W. Bruce Johnson, Chief Executive Officer and President of Sears Hometown and Outlet Stores, Inc., will be leaving the company on August 1, 2015. The company’s board has begun a search for Johnson’s replacement.

Euronext N.V. announced that Dominique Cerutti will be stepping down as Chief Executive Officer on July 15, 2015 to become Chairman and CEO of Altran. The board is in the process of searching for Cerutti’s successor.

Former Government Officials Joining Corporate World

Edelman announced the appointment of Jennifer Simon as Senior Vice President, Business + Social Purpose. Simon joins Edelman from the White House, where she served most recently as Director of International Affairs and Senior Policy Advisor for First Lady Michelle Obama.

Companies – Mergers and Acquisitions

Raytheon Company has entered into an agreement with Vista Equity Partners to merge Raytheon Cyber Products with Websense, a Vista portfolio company, to form a new joint venture. John R. McCormack, CEO of Websense, will lead the combined company. The transaction is expected to close in the second quarter of 2015, pending regulatory approvals.

On April 16, 2015, Magna International Inc. announced that it has signed an agreement to sell substantially all of its interiors operations to Grupo Antolin for approximately $525 million. The transaction is expected to close in the third quarter of 2015, subject to a number of customary conditions, including antitrust approvals.

 

 

April 16, 2015

CEO Changes

AB Acquisition LLC, the parent company of Albertson's LLC, New Albertson's, Inc., and Safeway Inc., has named Robert G. Miller Chief Executive Officer. Miller will also continue as Chairman, a role he assumed after AB Acquisition completed its acquisition of Safeway Inc. in January. Former CEO Robert L. Edwards will remain with the company as Vice Chairman.

Old Mutual plc has appointed Bruce Hemphill as its new Group Chief Executive, succeeding Julian Roberts. The appointment is expected to become effective in the fourth quarter of 2015. Hemphill currently serves as Chief Executive of Wealth, Insurance and Non-Bank Financial Services at Standard Bank Group Limited.

James H. Ross has resigned as President and Chief Executive Officer of Southwest Securities, Inc. He was succeeded by Robert W. Peterson, who will become President and Chief Operating Officer after Southwest Securities completes its integration with First Southwest Company, an investment banking firm owned by Southwest Securities’ parent company Hilltop Holdings Inc.

Mitsubishi UFJ Financial Group, Inc. appointed Stephen E. Cummings, a former UBS executive, as President and Chief Executive Officer of MUFG Union Bank, N.A. He replaces Masashi Oka who held the position on an interim basis. 

Former Government Officials Joining Corporate World

Former Massachusetts Governor Deval L. Patrick joined Bain Capital, LLC this week as Managing Director. He will be leading a new business focused on investments with “significant, measurable social impact.”

Citadel LLC announced that Ben S. Bernanke, former Chairman of the Federal Reserve System, will join the investment firm as a senior advisor. Bernanke will also continue in his current role as a Distinguished Fellow in Residence at The Brookings Institution’s Hutchins Center on Fiscal and Monetary Policy. 

Unisys Corporation has appointed Casey Coleman, former Chief Information Officer for the U.S. General Services Administration, as Group Vice President for Civilian Agencies, Unisys Federal. Coleman joins Unisys from AT&T Government Solutions, where she served as Client Executive Vice President. 

Ernst & Young LLP announced the appointment of retired U.S. Air Force Brigadier General Kevin J. Jacobsen as Executive Director, Fraud Investigations & Dispute Services. He previously served as Commander of the U.S. Air Force Office of Special Investigations.

Scott Overland joined PetSmart Inc. as Legislative Representative. He previously worked as a Communications Director for U.S. Rep. Jared Polis.

Mergers and Acquisitions

On April 15, 2015, Nokia Corporation and Alcatel-Lucent announced a plan to merge. The combined company is expected to operate under the Nokia brand, with headquarters in Finland and current Nokia CEO Rajeev Suri remaining at the helm. The transaction is expected to close in the first half of 2016, pending shareholder and regulatory approvals.

On April 14, 2015, Manulife Financial Corporation acquired New York Life’s Retirement Plan Services. The business will be combined with John Hancock Retirement Plan Services (JHRPS).

 

 

April 9, 2015

CEO Changes

Triumph Group, Inc. appointed company founder and Chairman Richard C. Ill as President and Chief Executive Officer, succeeding Jeffry D. Frisby, who is no longer with the company. Ill previously served as CEO from 1993 to 2009. Ralph E. “Ed” Eberhart replaced Richard Ill as Chairman of the board of directors.

Don A. Mattrick resigned as Chief Executive Officer of Zynga Inc. after two years in the role. Zynga founder and Chairman Mark Pincus was named CEO, a position he had previously held from 2007 to 2013.

Chiquita Brands International, Inc. announced the resignation of interim Chief Executive Officer Brian W. Kocher. Kocher had led the company since it was acquired by the Cutrale and Safra groups at the beginning of this year. Chiquita has not named a successor yet.

Former Government Officials Joining Corporate World

Sean Fitzpatrick has joined Ketchum Inc.’s Washington, DC office as Managing Account Supervisor. He most recently served as Press Secretary for U.S. Senator Pat Roberts (R-KS). 

Mergers and Acquisitions

On April 1, 2015, RadioShack Corporation completed the previously announced sale of 1,743 Company-owned stores and inventory to General Wireless Inc. and Sprint Solutions, Inc. The Company currently expects that all of its stores that have not been acquired by General Wireless in the sale and that will not be acquired by Office Depot Mexico will be closed by April 30, 2015. 

On April 7, 2015, GTECH S.p.A. completed its acquisition of International Game Technology. The combined company operates as International Game Technology PLC. Marco Sala, Chief Executive Officer of GTECH, will continue to lead the combined company. Former IGT CEO Patti S. Hart serves as Vice Chairman on the board of directors.

 

 

April 2, 2015

CEO Changes

Paul D. Reynolds, President and Chief Executive Officer of Canaccord Genuity Group Inc., passed away this week. The firm said that he died following “complications related to a health incident while competing in a triathlon.” Canaccord Genuity appointed its Chairman David J. Kassie to the additional role of CEO.

Michael E. LaRocco was named President and Chief Executive Officer of State Auto Financial Corporation and its parent company State Automobile Mutual Insurance Company, effective May 8, 2015. He will succeed Robert P. Restrepo, Jr., who will continue as Chairman until his retirement at the end of this year. LaRocco, a former CEO of Fireman's Fund Insurance Company, most recently served as President and CEO of The AssureStart Insurance Agency LLC.

WeiserMazars LLP appointed Victor Wahba as its new Chief Executive Officer, succeeding Douglas A. Phillips, who remains Chairman. Wahba was previously Partner-in-Charge of the firm’s New York Practice. 

Quiksilver, Inc. appointed Pierre Agnes as its new Chief Executive Officer. He replaces Andy Mooney, who is no longer with the company.

State Street Corporation named Ronald O’Hanley as Chief Executive Officer of State Street Global Advisors, Inc., effective at the beginning of April 2015. He succeeds Scott Powers, who is retiring from the company.

Heineken USA Inc. appointed Ronald den Elzen, the current Managing Director of Heineken Portugal, as Chief Executive Officer, effective July 1, 2015. He succeeds Rudolf (Dolf) van den Brink, who will lead Heineken Mexico. 

Former Government Officials Joining Corporate World

Ian Rayder has joined Cisco Systems, Inc. as Senior Manager, Government Affairs. He most recently served as Deputy Chief of Staff to U.S. Representative Debbie Wasserman Schultz (D-FL). 

Mergers and Acquisitions

On March 27, 2015, The Dow Chemical Company and Olin Corporation announced an agreement under which Dow Chemical will split off its U.S. Gulf Coast Chlor-Alkali and Vinyl, Global Chlorinated Organics and Global Epoxy businesses and merge those entities with Olin. The transaction will result in Dow shareholders receiving 50.5% of Olin’s shares, with current Olin stockholders owning the balance. Joseph Rupp will continue to lead Olin as CEO, with Dow employees joining the management team. The transaction is expected to close by the end of 2015, pending shareholder and regulatory approvals.  

On March 30, 2015, W. R. Berkley Corporation announced the combination of its U.S. broker market reinsurance units, Berkley Re America and Facultative ReSources, into a single operating unit that will trade under the Berkley Re America (BRAM) name. Jonathan A. Schriber has been named Chief Underwriting Officer of the Reinsurance Global segment and Joseph L. Sullivan has been named President of BRAM. 

On March 31, 2015, Charter Communications, Inc. announced a deal to acquire Bright House Networks, LLC for $10.4 billion. The business will be operated by a partnership between Charter and Advance/Newhouse Partnership (the parent company of Bright House), with Charter owning 73.7% of the partnership. Closing of the transaction is subject to shareholder and regulatory approval and is contingent on the completion of Charter's previously-announced transactions with Comcast.

On March 31, 2015, CBRE Group, Inc. announced that it has entered into a definitive agreement to acquire the Global WorkPlace Solutions (GWS) business of Johnson Controls, Inc. GWS will operate as part of CBRE’s Global Corporate Services (GCS) business. Upon closing, John Murphy, GWS’s President, will join CBRE as Global Chief Operating Officer, GCS. The transaction is expected to close in the late third quarter or early fourth quarter of 2015 and is subject to customary regulatory approvals. 

On April 1, 2015, The E.W. Scripps Company and Journal Communications merged their broadcast operations to create an expanded Scripps and spun off and merged their newspaper operations to form a new publicly traded company called Journal Media Group. Scripps will continue to trade under the symbol SSP (NYSE) and Journal Media Group will trade under the symbol JMG (NYSE).

 

 

 

March 26, 2015

CEO Changes

Cher Wang, Chairman and co-founder of HTC Corporation, was named to the additional role of Chief Executive Officer. She replaced Peter Chou, who has been appointed head of the new HTC Future Development Lab.

Rothschild Asset Management Inc. named Michael Woods Chief Executive Officer. Woods previously served as Head of the Americas, Global Client Group for Deutsche Asset & Wealth Management and CEO of DWS Investments.

Ally Financial Inc. appointed Diane Morais as Ally Bank’s new President and Chief Executive Officer. She replaces Barbara Yastine, who resigned from the company. 

Former Government Officials Joining Corporate World

David M. Walker has joined PricewaterhouseCoopers LLP as a senior strategic advisor in the Public Sector practice. Walker served as U.S. Comptroller General and head of the Government Accountability Office from 1998 to 2008.

Letitia A. Long, a 32-year veteran of the U.S. Department of Defense, was elected to Raytheon Company’s board of directors. Long most recently served as Director of the National Geospatial-Intelligence Agency from 2010 to 2014.

PepsiCo, Inc. elected Richard W. Fisher to its board of directors this week. Fisher was President and Chief Executive Officer of the Federal Reserve Bank of Dallas from 2005 to March 2015 and Deputy U.S. Trade Representative from 1997 to 2001.

Christopher Y. Russell has joined Liberty Mutual Insurance Company as Senior Public Affairs Officer. He most recently served on the staff of the U.S. House Financial Services Committee and as Senior Policy Advisor for U.S. Representative Scott Garrett.

Invesco Ltd. has nominated Nigel Sheinwald to serve on its board of directors, pending election at the annual shareholders meeting on May 14, 2015. He served as British Ambassador to the United States from 2007 to 2012. 

Mergers and Acquisitions

On March 23, 2015, The J. M. Smucker Company completed its $6 billion acquisition of Big Heart Pet Brands. David J. West, President and Chief Executive Officer of Big Heart Pet Brands, has joined J. M. Smucker as President, Big Heart Pet Food and Snacks.

On March 23, 2015, Citizens Financial Group, Inc. (CFG) announced that The Royal Bank of Scotland Group plc (RBS) has launched an underwritten public offering to sell Citizens Financial Group, Inc. common stock. Completion of the public offering is expected to reduce RBS’s ownership stake in CFG from 70.3 percent to under 50 percent.

On March 25, 2015, H.J. Heinz Company and Kraft Foods Group, Inc. announced an agreement to merge. The combined company will be called The Kraft Heinz Company and co-headquartered in Pittsburgh and the Chicago area. Bernardo Hees, Chief Executive Officer of Heinz, will serve as CEO of the combined company. Kraft Chairman and CEO John T. Cahill will become Vice Chairman. The merger is expected to close in the second half of 2015, pending shareholder and regulatory approvals.

 

 

March 19, 2015

CEO Changes

Sotheby’s appointed Thomas “Tad” Smith as its new President and Chief Executive Officer, effective March 31, 2015. He succeeds William F. Ruprecht, who has served as Chief Executive Officer since 2000.

Spectrum Brands Holdings, Inc. announced that Andreas Rouvé has been elected Chief Executive Officer, effective April 1, 2015. Mr. Rouvé ,who has served as Chief Operating Officer since February 2014, succeeds Dave Lumley, who is retiring from the company.

PineBridge Investments LLC announced that David Jiang has resigned as Chief Executive Officer, and that Stephen Fitzgerald, Deputy Chairman of the Board, has been appointed Interim Chief Executive Officer. Mr. Fitzgerald will continue as Deputy Chairman, a position he has held since 2013. 

FactSet Research Systems Inc. named Philip Snow, currently President, as its new Chief Executive Officer, effective July 1, 2015. He succeeds Philip A. Hadley, who will remain Chairman. FactSet also promoted Mark J. Hale to Chief Operating Officer, effective immediately. Hale was previously Senior Vice President and Director, Content Operations.

Mike McMullen, formerly President and Chief Operating Officer, was elected Chief Executive Officer of Agilent Technologies, Inc. this week. He replaced William P. Sullivan as part of a previously announced succession process. Sullivan will remain with the company as an advisor until his retirement on October 31, 2015.

Joseph Ucuzoglu was named Chairman and Chief Executive Officer of Deloitte & Touche LLP, succeeding Catherine Engelbert, who is now CEO of the firm’s parent company, Deloitte LLP. Ucuzoglu was previously National Managing Partner for Government, Regulatory and Professional Matters. 

Former Government Officials Joining Corporate World

Ellen Moran was appointed Executive Vice President and General Manager of Hill & Knowlton Strategies’ Washington office, effective March 23, 2015. Moran previously served as White House Communications Director for President Obama, as well as Chief of Staff and Chief Advisor to Secretary of Commerce Gary Locke. She joins Hill & Knowlton from Dewey Square Group, where she was a principal.

Former U.S. Representative Dave Camp (R-MI) has joined PricewaterhouseCoopers Washington National Tax Services as Senior Policy Advisor. Camp, who served as Chairman of the House Ways and Means Committee, retired from Congress at the beginning of the year. 

David B. Buckley was appointed Managing Director, Forensic Advisory Services and Leader, Federal Forensic at KPMG LLP. Buckley served as Inspector General for the Central Intelligence Agency from 2010 to 2015. 

Ernst & Young LLP announced this week that Sean Hailey, former Tax Advisor to the U.S. House of Representatives Committee on Ways and Means, has joined the firm as Partner, International Tax Services.

First Data Corporation appointed former U.S. Senator Bill Bradley (D-NJ) as Chairman of its newly formed International Advisory Board. Bradley is currently a managing director at Allen & Company LLC.

Mergers and Acquisitions

On March 12, 2015, Cypress Semiconductor Corporation completed its $5 billion acquisition of Spansion Inc. The combined company retains the Cypress name. John H. Kispert, formerly President and Chief Executive Officer of Spansion, has joined Cypress’ board. 

On March 13, 2015, Reynolds Group Holdings Limited closed the sale of its SIG Combibloc Group AG subsidiary to private equity firm Onex Corporation.

On March 18, 2015, Microsemi Corporation and Vitesse Semiconductor Corporation jointly announced that Microsemi has entered into a definitive agreement to acquire Vitesse. The transaction, valued at $389 million, is expected to close in Microsemi's fiscal third quarter, ending June 28, 2015.

 

 

 

March 12, 2015

CEO Changes

Carlson, Inc. announced that that Trudy A. Rautio will be retiring as President and Chief Executive Officer, effective May 1, 2015. Chief Operating Officer David P. Berg will be promoted to CEO of Carlson Hospitality, one of the company’s primary business segments. Douglas Anderson will continue to lead Carlson Wagonlit Travel, the company’s other business platform, as President and CEO. Both Berg and Anderson will report directly to the board of directors upon Rautio’s retirement.

Harbinger Group Inc. promoted President Omar M. Asali to the additional role of Chief Executive Officer this week. The CEO role had been vacant since Philip Falcone resigned last December. Harbinger also announced that the company has changed its name to HRG Group, Inc.

Credit Suisse Group AG announced that Brady W. Dougan will be stepping down as Chief Executive Officer at the end of June 2015. He will be succeeded by Tidjane Thiam, who currently serves as Group Chief Executive of Prudential plc.

Loomis, Sayles & Company, L.P. appointed current President Kevin Charleston as its new Chief Executive Officer, effective May 1, 2015. He succeeds Robert J. Blanding, who will continue as Chairman of the Board.

Former Government Officials Joining Corporate World

Daniel B. Poneman was named President and Chief Executive Officer of Centrus Energy Corp., effective March 31, 2015. Poneman served as Deputy Secretary and Chief Operating Officer of the U.S. Department of Energy from 2009 to 2014.

Porter Novelli promoted Cory Curtis, previously a senior counselor, to Managing Director, Seattle. Before joining Porter Novelli in 2013, Curtis was the Communications Director for former Washington State Governor Chris Gregoire.

Mark A. Angelson rejoined Quad/Graphics, Inc.’s board of directors this week. He previously resigned from the board in 2011 to become Deputy Mayor of Chicago.

Mergers and Acquisitions

On March 10, 2015, Berkshire Hathaway Inc. completed its acquisition of The Van Tuyl Group, Inc. Van Tuyl was renamed Berkshire Hathaway Automotive upon completion of the transaction. Jeffrey C. Rachor, formerly President, was named Chief Executive Officer of Berkshire Hathaway Automotive. Former Van Tuyl CEO Larry Van Tuyl now serves as Chairman.

Private equity firm BC Partners, Inc. acquired PetSmart, Inc. on March 11, 2015. PetSmart named Michael J. Massey as its new President and Chief Executive Officer, concurrent with the completion of its acquisition by BC Partners. Massey succeeds David K. Lenhardt, who has stepped down after serving as President, Chief Executive Officer, and member of the board since 2013.

 

 

March 5, 2015

CEO Changes

Norfolk Southern Corporation announced that President James A. Squires will be promoted to the additional role of Chief Executive Officer, effective June 1, 2015. He will succeed Charles W. "Wick" Moorman, who will remain with the company as Executive Chairman of the Board. Moorman has served as Norfolk Southern’s CEO since 2006. 

Daniel J. McCarthy has been named President and Chief Executive Officer of Frontier Communications Corporation, effective April 3, 2015. McCarthy, currently President and Chief Operating Officer, will succeed Maggie Wilderotter, who will continue as Executive Chairman of the Board. 

Kimco Realty Corporation announced the retirement of David B. Henry as Vice Chairman and Chief Executive Officer on January 1, 2016. President and Chief Operating Officer Conor C. Flynn will become CEO upon Henry’s retirement.

Standard Chartered PLC has appointed William Thomas Winters as its new Group Chief Executive, effective in June 2015. Winters, who will join the company on May 1st, succeeds Peter Sands. Winters previously served as Co-CEO of JPMorgan Chase & Co.’s investment bank. 

Reliance Steel & Aluminum Co. appointed its current President and Chief Operating Officer, Gregg J. Mollins as its new Chief Executive officer, effective May 20, 2015. He succeeds David H. Hannah, who will remain on the Company’s Board of Directors as Executive Chairman until July 2016. 

Santander Holdings USA, Inc. announced that Scott Powell has been named Chief Executive Officer of the company. He succeeds Roman Blanco, who will continue as Chief Executive Officer of Santander Bank, N.A.  

Former Government Officials Joining Corporate World

Jay Carney has joined Amazon.com, Inc. as Senior Vice President for Worldwide Corporate Affairs. Carney served as White House Press Secretary from 2011 to 2014.

Arbella Insurance Group has elected Joseph G. Murphy to its board of directors. Murphy was the Insurance Commissioner for Massachusetts from 2010 to 2014.  

Mergers and Acquisitions

Avago Technologies Limited has agreed to acquire Emulex Corporation through a tender offer for all of the outstanding shares of Emulex common stock. The transaction is expected to close in the second half of Avago’s fiscal year ending November 1, 2015, pending a successful tender offer, as well as receipt of regulatory approvals. 

On February 26, 2015, Engility Holdings, Inc. completed its $1.3 billion acquisition of TASC, Inc. Anthony Smeraglinolo continues as President and Chief Executive Officer of Engility. John P. Hynes, Jr., formerly President and CEO of TASC, has joined Engility as Chief Operating Officer. 

On February 27, 2015, BGC Partners, Inc. announced the successful completion of its tender offer for shares of GFI Group Inc. GFI now operates as a division of BGC, but will maintain its own brand. GFI Executive Chairman Michael Gooch and Chief Executive Officer Colin Heffron will continue in their current roles at GFI. 

On March 2, 2015, Hewlett-Packard Company announced an agreement to acquire Aruba Networks, Inc. in a $3 billion deal. The transaction is expected to close in the second half of HP’s fiscal year 2015, pending receipt of regulatory and Aruba stockholder approvals.

On March 3, 2015, Springleaf Holdings, Inc. announced a deal to acquire OneMain Financial from Citigroup Inc. for $4.25 billion. Springleaf President and CEO Jay N. Levine will lead the combined company, with Mary McDowell continuing as CEO of OneMain. The transaction is expected to close in the third quarter of 2015. After closing, Springleaf and OneMain will initially continue to operate as separate brands, with the plan of transitioning to the OneMain brand in mid-2016.

 

 

February 26, 2015

CEO Changes

DISH Network Corporation announced the retirement of President and Chief Executive Officer Joseph P. Clayton, effective March 31, 2015. DISH co-founder and Chairman Charles W. Ergen will succeed Clayton. Ergen had previously served as DISH Network’s President and CEO before Clayton took over the role in 2011. 

Oivind Lorentzen stepped down as Chief Executive Officer of SEACOR Holdings Inc. this week, but remains with the company as Vice Chairman. Executive Chairman Charles L. Fabrikant has assumed the additional role of CEO. 

Wm Morrison Supermarkets PLC has appointed David Potts as its new Chief Executive Officer, effective march 16, 2015. Morrison’s Chief Financial Officer has been serving as interim CEO since the departure of Dalton Philips earlier this month. Potts previously served as CEO, Asia at Tesco Plc. 

Andrew Penn has been named Chief Executive Officer of Telstra Corporation Limited, effective May 1, 2015. He will succeed David I. Thodey, who will retire in late August, following a transitional period. Penn currently serves as Telstra’s Chief Financial Officer and Group Executive International. 

Former Government Officials Joining Corporate World

Delta Air Lines, Inc. has elected Thomas E. Donilon to its board of directors. Donilon, currently Vice Chairman at O'Melveny & Myers LLP, served as National Security Advisor in the Obama administration from 2010 to 2013.

Ernst & Young LLP announced the appointment of Cathleen M. Koch as Principal and Americas Tax Policy Leader. Koch will join Ernst & Young from the Office of Senate Democratic Leader Harry Reid, where she serves as Chief Advisor on Tax and Economic Policy. 

Transamerica appointed Michael F. Consedine Senior Vice President, Deputy General Counsel and Executive Director of Government Affairs. Consedine was Insurance Commissioner for the Commonwealth of Pennsylvania from 2011 to 2015. 

Suzanne M. Vautrinot has been elected to the board of Wells Fargo & Company. Vautrinot, a retired U.S. Air Force Major General, held several leadership positions in the Air Force, serving most recently as Commander, 24th Air Force and Air Forces Cyber.  

Mergers and Acquisitions

On February 19, 2015, Ball Corporation announced an agreement to acquire Rexam PLC in an $8.4 billion deal. The company expects to obtain the necessary clearances to close the merger, including shareholder and regulatory approval, in the first half of 2016. 

On February 20, 2015, GFI Group Inc. announced that its board has reached an agreement to support BGC Partners, Inc.’s tender offer for all outstanding shares of GFI stock, ending BGC’s hostile takeover bid. The deal was announced after GFI’s shareholders rejected the company’s previous plan to merge with CME Group Inc. last month. GFI Chief Executive Officer Colin Heffron is expected to remain with the company, which will be operated as a division of BGC.

On February 23, 2015, AAR CORP. announced it had agreed to sell its Telair Cargo Group to TransDigm Group Incorporated. The sale is expected to close May 31, 2015.

 

 

February 19, 2015

CEO Changes

ConAgra Foods, Inc. named Sean M. Connolly, former President and Chief Executive Officer of The Hillshire Brands Company, as its new CEO, effective April 6, 2015. He succeeds Gary M. Rodkin, who will serve as an advisor to ConAgra until his retirement on May 31, 2015.  

Jill Soltau has been named President and Chief Executive Officer of Jo-Ann Stores, LLC, effective March 2, 2015. She joins the company from Shopko Stores, where she served most recently as President and Chief Merchandising Officer. Interim CEO James C. Kerr will remain with Jo-Ann Stores as Executive Vice President and Chief Financial Officer

Brightstar Corp. has appointed Jaymin B. Patel, currently President and Chief Executive Officer of GTECH Corporation, as its new President and CEO, effective March 30, 2015. The CEO role has been vacant since August 2014, when Brightstar founder Marcelo Claure left the company to become Chief Executive Officer of Sprint Corporation. Arturo Osorio, who led Brightstar on an interim basis, has stepped down as President and Chief Operating Officer.  

Scott W. Steffey has resigned as President and Chief Executive Officer of Career Education Corporation. Board Chairman and former NIKE, Inc. Chief Administrative Officer Ronald D. McCray will serve as interim President and CEO. 

Starwood Hotels & Resorts Worldwide, Inc. appointed board member Adam Aron as its interim Chief Executive Officer. He succeeds Frits van Paasschen, who has resigned but will continue with Starwood as a consultant to assist in the transition.

 Former Government Officials Joining Corporate World

Oshkosh Defense, LLC has named William K. Mooney Regional Vice President of International Business Development for the Middle East and North Africa. Mooney, a retired Army colonel, served in the U.S. Department of Defense as Assistant Deputy Director for the Joint Chiefs of Staff, J5, for the Middle East from 2012 to 2013. 

Wells Fargo & Company named Kathleen Martinez as Head of the People with Disabilities Segment, effective March 16, 2015. She joins Wells Fargo from the U.S. Department of Labor, where she serves as Assistant Secretary of the Office of Disability Employment Policy.

United Technologies Corporation has appointed Timothy J. McBride as Senior Vice President, Government Relations, effective March 2, 2015. He joins United Technologies from Covidien plc, where he was Vice President, Global Government Affairs. McBride served as Assistant Secretary of Commerce for Trade Development and later as Assistant to the President for Management and Administration during the George H.W. Bush administration. 

Vulcan Materials Company has elected Elaine L. Chao to its board of directors. Chao served as served as Secretary of the U.S. Department of Labor from 2001 to 2009.

David Pitofsky, formerly Deputy General Counsel and Deputy Chief Compliance Officer, was promoted to General Counsel and Chief Compliance Officer of News Corporation. Pitofsky served as Assistant U.S. Attorney in the Eastern District of New York from 1996 to 2005 and was Deputy Chief of the Criminal Division. 

Mergers and Acquisitions

On February 12, 2015, Expedia, Inc. announced an agreement to acquire Orbitz Worldwide, Inc. in a deal valued at $1.6 billion. Closing of the transaction is subject to approval from Orbitz shareholders, as well as receipt of regulatory approvals.

On February 12, 2015, The McClatchy Company announced plans to reorganize its corporate operations, including expanding its sales and marketing efforts and integrating McClatchy Interactive into the rest of the company. Beginning June 30, 2015, all employees with McClatchy Interactive, the company's digital division in Raleigh, N.C., will become part of other company operations, including technology, finance, digital revenue development and digital news. Mark Zieman will continue in an expanded role as Vice President of Operations with oversight of McClatchy's 29 local media properties, the corporate digital revenue development team and the corporate production team. Zieman will also oversee an expanded corporate advertising department and assist local markets with training, revenue growth strategies and new sales tools. In addition, Christian A. Hendricks will become Vice President of Products, Marketing and Innovation and assume oversight of audience development, business development, product management, mobile initiatives, marketing, corporate communications, and external partnerships and will continue his oversight of McClatchy's Tru Measure subsidiary.

 

 

Feburary 12, 2015

CEO Changes

Catherine Engelbert has been named Chief Executive Officer of Deloitte LLP, effective March 11, 2015. Engelbert, currently serving as Chairman and CEO of Deloitte & Touche LLP, will become the first female chief executive of a major U.S. audit and consulting firm. Interim CEO Frank Friedman will become Chief Operating Officer.

Christian A. Brickman, President and Chief Operating Officer of Sally Beauty Holdings, Inc., was promoted to Chief Executive Officer. He succeeded Gary G. Winterhalter, who remains with the company as Executive Chairman. 

Harley-Davidson, Inc. announced the appointment of Matthew S. Levatich as President and Chief Executive Officer, effective upon the retirement of current CEO Keith E. Wandell on May 1, 2015. Levatich has been President and Chief Operating Officer of Harley-Davidson Motor Company since 2009. 

Gary W. Loveman will be stepping down as President and Chief Executive Officer of Caesars Entertainment Corporation, effective July 1, 2015. He will remain in his Chairman role. Loveman will be succeeded by Mark P. Frissora, who has joined Caesars as CEO Designate. Frissora most recently served as Chairman and CEO of Hertz Global Holdings, Inc.

Golden Corral Corporation announced the appointment of Lance Trenary as President and Chief Executive Officer. He succeeded Theodore M. Fowler, who has retired after leading the company for over 25 years.

Union Pacific Corporation appointed Lance M. Fritz President and Chief Executive Officer. Fritz, formerly President and Chief Operating Officer, succeeded John J. Koraleski, who remains with the company as Executive Chairman.

SCA (Svenska Cellulosa AB) has appointed its President of Business Unit Consumer Goods Europe Magnus Groth as the new President and Chief Executive Officer of the Company, effective March 1, 2015. He succeeds Jan Johansson, who is stepping down.   

DDR Corp. promoted President and Chief Financial Officer David J. Oakes to Chief Executive Officer. The position had been vacant since Daniel B. Hurwitz stepped down as CEO at the end of 2014.

Former Government Officials Joining Corporate World

International Paper Company has elected William J. Burns, President of the Carnegie Endowment for International Peace, to its board of directors. Burns served in the U.S. State Department as Deputy Secretary from 2011 to 2014, Under Secretary for Political Affairs from 2008 to 2011, and as Ambassador to Russia from 2005 to 2008 

Financial Industry Regulatory Authority, Inc. (FINRA) announced the appointment of Erozan Kurtas as Head of Advanced Data Analytics and Senior Vice President, effective February 23, 2015. He will be joining FINRA from the U.S. Securities and Exchange Commission, where he currently serves as Assistant Director, Quantitative Analytics Unit in the Office of Compliance Inspections and Examinations.  

Mergers and Acquisitions

On February 5, 2015, RadioShack Corporation announced that it has signed an asset purchase agreement with General Wireless Inc., an affiliate of Standard General L.P. General Wireless has agreed to acquire between 1,500 and 2,400 of RadioShack's U.S. company-owned stores. In connection with the agreement, RadioShack has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware. The sale agreement is subject to court approval. The Company plans to close the remaining company-owned stores under an agreement with Hilco Merchant Resources.

On February 5, 2015, W. R. Grace & Co. announced that its board of directors has approved a plan to separate into two independent, publicly traded companies. The two companies, to be named prior to closing, will be “New Grace,” comprised of Grace’s Catalysts Technologies and Materials Technologies business segments (excluding the Darex packaging business), and “New GCP,” comprised of Grace’s Construction Products business segment and the Darex packaging business. The separation is expected to be completed in approximately 12 months. Upon completion of the transaction, New Grace will continue to be led by Fred Festa, Chairman and Chief Executive Officer, and Hudson La Force, Senior Vice President and Chief Financial Officer. Greg Poling, currently President and Chief Operating Officer of Grace, will lead New GCP as President and Chief Executive Officer. 

On February 6, 2015, Harris Corporation announced an agreement to acquire Exelis, Inc. in a $4.75 billion deal. The transaction is expected to close in June 2015, subject to regulatory and Exelis shareholder approval. 

On February 9, 2015, Alliant Techsystems Inc. (ATK) completed the spin-off of its Sporting Group business as a newly formed company named Vista Outdoor Inc., led by Mark W. DeYoung, former ATK President and Chief Executive Officer.  Following the spin-off, ATK and Orbital Sciences Corporation merged ATK’s Aerospace and Defense Groups with Orbital. The combined company’s name was changed to Orbital ATK, Inc. David W. Thompson, formerly Chairman, President and CEO of Orbital Sciences, leads Orbital ATK as President and CEO.

On February 10, 2015, FirstService Corporation announced a plan to separate FirstService into two independent publicly-traded companies: Colliers International and FirstService Corporation, which will be comprised of the current FirstService Residential and FirstService Brands divisions. The separation will be subject to regulatory, court and shareholder approvals. Douglas P. Frye, President and Chief Executive Officer of Colliers International, will retain his current role. D. Scott Patterson, currently President and Chief Operating Officer, will serve as CEO of FirstService Corporation.

 

 

 

February 5, 2015

CEO Changes

Lands' End, Inc. appointed Federica Marchionni, President of Dolce&Gabbana USA Inc.,  as its new Chief Executive Officer, effective February 17, 2015. She will succeed Edgar O. Huber, who is resigning from the company.

Tod E. Carpenter was named President and Chief Executive Officer of Donaldson Company, Inc., effective April 1, 2015. Carpenter, currently Chief Operating Officer, will succeed William M. Cook, who will remain Chairman of the Board. 

Ally Financial Inc. has named Jeffrey J. Brown Chief Executive Officer. Brown most recently served as President and Chief Executive Officer of Ally’s Dealer Financial Services business. He succeeds Michael A. Carpenter, who is retiring from the company. 

Dentsu Aegis Network appointed Robert Horler, Chief Executive Officer, Dentsu Aegis Network Northern Europe, to the role of Chief Executive Officer, Dentsu Network USA, effective April 2015.

Former Government Officials Joining Corporate World

Daniel F. Scandling has joined Ogilvy Public Relations Worldwide as Senior Vice President, Corporate and Public Affairs for Ogilvy Washington. Scandling most recently served as Chief of Staff and Press Secretary for recently retired U.S. Representative Frank R. Wolf (R-VA). 

AT&T Government Solutions, a division of AT&T Inc., has appointed Jill T. Singer as Vice President, National Security. Singer was Chief Information Officer of the U.S. Department of Defense’s National Reconnaissance Office from 2010 to 2013. 

Howard B. Glaser has been named President, Commercial Business at AM General, LLC. Glaser served as State Operations Director and Senior Policy Advisor to New York Governor Andrew Cuomo from 2011 to 2014. 

Mergers and Acquisitions

On January 30, 2015, AB Acquisition LLC, the parent company of Albertson’s, completed its acquisition of Safeway Inc. Robert L. Edwards, President and Chief Executive Officer of Safeway, became CEO of the combined company. He succeeded Robert G. Miller, who is now Executive Chairman.

Staples, Inc. announced an agreement this week to acquire Office Depot, Inc. in a $6.3 billion deal. After the merger closes, Staples will continue to be headquartered in Framingham, MA, with Ronald L. Sargent remaining as Chairman and Chief Executive Officer. The transaction is expected to be completed by the end of 2015, subject to antitrust and shareholder approval. 

Big Heart Pet Brands has agreed to be acquired by the J. M. Smucker Company for $5.8 billion. The transaction is expected to close by the end of Smucker’s current fiscal year, which ends on April 30, 2015. 

SS&C Technologies Holdings, Inc. has agreed to acquire Advent Software, Inc. for $2.7 billion. The transaction is expected to close in the second quarter of this year.

On February 2, 2015, Guggenheim Partners announced the sale of Guggenheim Global Trading (GGT) to an investor group led by GGT management. The new business will operate under the name of Deimos Asset Management and will retain the current senior management team of GGT, led by Loren Katzovitz and Patrick Hughes. Mark Standish, former Co-CEO of RBC Capital Markets, will also join Deimos as a Managing Partner.

 

 

January 29, 2015 

CEO Changes

McDonald's Corporation announced this week that Donald Thompson will step down as President and Chief Executive Officer on March 1, 2015. He will be succeeded by Senior Executive Vice President and Chief Brand Officer Steve Easterbrook. The management change comes after the fast food chain reported five straight quarters of declining same-store sales in the U.S.

Christopher A. Sinclair was named Chairman and Interim Chief Executive Officer of Mattel, Inc. this week, replacing Bryan G. Stockton. Sinclair, who served as Independent Lead Director on Mattel’s board, is the former CEO of Caribiner International, Inc., Quality Food, Inc., and Pepsi-Cola Company.

Bi-Lo Holdings, LLC has appointed Ian McLeod as its new President and Chief Executive Officer, effective March 2, 2015. He will succeed Randall Onstead. McLeod will join Bi-Lo from Wesfarmers Limited, where he currently serves as Group Commercial Director. 

Former Government Officials Joining Corporate World

Ball Aerospace and Technologies Corp. has named Michael J. Gazarik Director of Technology, effective March 2, 2015. He joins Ball Aerospace from NASA, where he served most recently as Associate Administrator for the Space Technology Mission Directorate.  

Mergers and Acquisitions

Royal Bank of Canada (RBC) has entered into an agreement to acquire City National Corporation in a transaction valued at $5.4 billion. The merger is expected to be completed in the fourth quarter of 2015. After the transaction closes, RBC will combine its U.S. Wealth Management business with City National, which will continue to be led by City National Chairman and CEO Russell D. Goldsmith. 

Rock-Tenn Company and MeadWestvaco Corporation (MWV) have agreed to merge, creating a company with combined net sales of $15.7 billion. Steven C. Voorhees, Chief Executive Officer of RockTenn, will become CEO of the combined company. MWV Chairman and CEO John A. Luke, Jr. will serve as non-executive Chairman of the Board. The transaction is expected to close in the second quarter of this year.

PartnerRe Ltd. has agreed to merge with AXIS Capital Holdings Limited. AXIS Capital chief executive Albert A. Benchimol will lead the combined company as CEO. Costas Miranthis has resigned as CEO of PartnerRe in connection with the merger announcement. PartnerRe board member David K. Zwiener will serve as interim CEO until the transaction has been completed. 

On January 22, 2015, Lindsay Corporation completed its acquisition of Elecsys Corporation. Elecsys will continue to be managed by its current executive team. 

On January 28, 2015, TE Connectivity Ltd. announced it has reached a definitive agreement to sell its Broadband Network Solutions (BNS) business unit to CommScope, Inc. for $3 billion. The transaction is expected to close by December 31, 2015, subject to regulatory approvals.

 

 

January 22, 2015

CEO Changes

Parker Hannifin Corporation announced the appointment of Thomas L. Williams as its new Chief Executive Officer, effective February 1, 2015. He will succeed Donald E. Washkewicz, who will remain Chairman of the Board. Williams currently serves as Executive Vice President and Operating Officer.

J. Scott Di Valerio has resigned as Chief Executive Officer of Outerwall Inc. Nora M. Denzel, a member of Outerwall’s board, will serve as interim CEO while the company searches for Di Valerio’s permanent successor.

Kellwood Company has promoted Chief Financial Officer Joseph J. Lombardi to Chief Executive Officer. He replaced Lynn Shanahan, who is returning to C2 Group LLC, a company she founded prior to joining Kellwood.

Martin Secco Arias, Chief Executive Officer of Marfrig Beef Southern Cone, was appointed CEO of Marfrig Global Foods S.A., effective February 16, 2015, succeeding Sergio Rial.

John V. Arabia, President of Sunstone Hotel Investors, Inc., was named to the additional role of Chief Executive Officer. He succeeds Kenneth E. Cruse, who left the company to pursue other opportunities.

The Scripps Howard Foundation appointed Liz Carter as its new President and Chief Executive Officer, effective April 1, 2015. She replaces Mike Philipps, who is retiring after a 40-year career in journalism and philanthropy.

Eagle Investment Systems LLC appointed Mal Cullen as its Chief Executive Officer. He succeeds John Lehner, who will serve as Chairman of the company.

Former Government Officials Joining Corporate World

Oracle Corporation appointed Leon Panetta to its board of directors this week. Panetta served as U.S. Secretary of Defense from 2011 to 2013 and as Director of the Central Intelligence Agency from 2009 to 2011.

Frank R. Jimenez was named the new General Counsel of Raytheon Company this week. He joined Raytheon from Bunge Limited, where he was General Counsel, Secretary and Managing Director, Corporate Affairs. Jimenez previously served as General Counsel of the U.S. Navy from 2006 to 2009.

Pacific Investment Management Company (PIMCO) announced the appointment of Gene Sperling as a consultant on U.S. economic policy. Sperling served as Director of the National Economic Council and Assistant to the President for Economic Policy during the Clinton and Obama administrations.

Northrop Grumman Corporation has named Brett B. Lambert Vice President of Corporate Strategy, effective January 26, 2015. Lambert was Deputy Assistant Secretary for Manufacturing and Industrial Base Policy in the U.S. Department of Defense from 2011 to 2013.

Mergers and Acquisitions

On January 15, 2015, Washington Prime Group Inc. completed its acquisition of Glimcher Realty Trust. The combined company operates under the name WP Glimcher. Michael P. Glimcher, formerly Chairman and Chief Executive Officer of Glimcher Realty Trust, was named Vice Chairman and CEO of WP Glimcher. Mark S. Ordan, Washington Prime Group’s President and CEO, became Executive Chairman of the combined company.

 

 

January 15, 2015

CEO Changes

Boise Cascade Company announced that Thomas K. Corrick, currently Chief Operating Officer, will be promoted to Chief Executive Officer, effective March 6, 2015. He will succeed Thomas E. Carlile, who is retiring after 42 years with the company and its predecessors. Carlile will continue to serve on Boise Cascade’s board of directors. 

ABM Industries Incorporated has named Scott Salmirs as its next President and Chief Executive Officer, effective March 31, 2015. Salmirs, currently serving as Executive Vice President, will succeed Henrik Slipsager, who will remain with ABM as a consultant through September 30, 2015.  

Former Government Officials Joining Corporate World

Alphonso Jackson was named Senior Advisor of First Data Corporation this week. Jackson served as U.S. Secretary of Housing and Urban Development from 2004 to 2008. He joined First Data from JPMorgan Chase & Co., where he was Vice Chairman of Mortgage Banking. 

Ernst & Young LLP announced the appointment of Jaime L. Eichen, former Chief Accountant for the Division of Investment Management at the U.S. Securities and Exchange Commission, as a Partner in the Professional Practice Group. Eichen previously served as a Senior Manager at Ernst & Young before joining the SEC in 2008.  

Mergers and Acquisitions

On January 12, 2015, Albemarle Corporation completed its $6.2 billion acquisition of Rockwood Holdings, Inc.

 

  

January 8, 2015

CEO Changes

This week, Jeremy M. Jacobs, Sr. stepped down as Chief Executive Officer of Delaware North Companies, Inc. after serving in the role since 1968. He remains Chairman of the company. Jacobs was succeeded by his sons Louis Jacobs and Jeremy Jacobs, Jr., who serve as Co-CEOs. His third son, Charlie Jacobs, was named Chief Executive Officer of Delaware North's Boston Holdings.

Daniel B. Hurwitz resigned as Chief Executive Officer of DDR Corp. on December 31, 2014, but will remain as a non-executive employee of the company until February 14, 2015. David J. Oakes, DDR’s President and Chief Financial Officer, was designated the company’s principal executive officer. 

Bruce A. Madnick was promoted to Chief Executive Officer of Friedman LLP this week. He had previously led the firm as Managing Partner. Friedman Partners Harriet Greenberg and Frederick R. Berk were elevated to Co-Managing Partners.

Former Government Officials Joining Corporate World

Deere & Company has elected recently retired U.S. Senator Michael O. Johanns (R-NE) to its board of directors. Johanns also served as Governor of Nebraska from 1999 to 2005 and Secretary of Agriculture from 2005 to 2007.

Douglas H. Shulman, Commissioner of the Internal Revenue Service from 2008 to 2012, was appointed Senior Executive Vice President and Global Head of Client Service Delivery at The Bank of New York Mellon Corporation (BNY Mellon).

Mortgage Guaranty Insurance Corporation (MGIC) has named the former Wisconsin Insurance Commissioner Dilweg to the newly created position of Senior Vice President, Government Relations. Dilweg most recently served as President of CMG Mortgage Insurance Company.

Mergers and Acquisitions

On January 1, 2015, Hilltop Holdings Inc. completed its acquisition of SWS Group, Inc. SWS President and Chief Executive Officer James H. Ross was appointed Vice Chairman of Hilltop’s broker-dealer business. 

On January 2, 2015, RF Micro Devices, Inc. and TriQuint Semiconductor, Inc. merged to form Qorvo, Inc. 

On January 2, 2015, BNY Mellon acquired Cutwater Asset Management Corp. from MBIA Inc.

On January 6, 205, Chiquita Brands International, Inc. was acquired by the Cutrale and Safra Groups and ceased to be a publicly traded company. Chiquita Chief Operating Officer Brian W. Kocher was named interim Chief Executive Officer, succeeding Edward F. Lonergan.

On January 7, 2015, Verso Paper Corp. completed its acquisition of NewPage Holdings Inc. Immediately following the merger, Verso Paper changed its name to Verso Corporation. David J. Paterson will continue to lead the combined company as President and Chief Executive Officer.

 

 

December 30, 2014

CEO Changes

Kraft Foods Group, Inc. announced the appointment of Chairman of the Board John T. Cahill to the additional role of Chief Executive Officer. He succeeded W. Anthony “Tony” Vernon, who will remain with Kraft as a senior advisor until March 31, 2015 and as a board member until the company’s next annual meeting in 2015. Cahill previously served as Chairman and CEO of The Pepsi Bottling Group, Inc.

Thales S.A. elected Patrice Caine to the position of Chief Executive Officer. He replaces Philippe Logak, who had served as Acting Chairman and Chief Executive Officer since the departure of Jean-Bernard Levy. Caine’s position is subject to confirmation by the next annual general meeting.

Diana N. Adams resigned as President and Chief Executive Officer of Ambac Financial Group, Inc., effective December 31, 2014. Board Co-Chair Nader Tavakoli was appointed interim President and CEO, effective January 1, 2015.

Former Government Officials Joining Corporate World

Ronnie Cho has joined MTV as Vice President of Public Affairs. Cho served as Associate Director of the White House Office of Public Engagement from 2011 to 2013.

Wal-Mart Stores, Inc. appointed Andrew Fitzpatrick as Senior Manager, State and Local Policy, Public Affairs and Government Relations. He most recently served as Legislative Director for U.S. Representative Bill Owens, beginning as a Legislative Assistant in 2013.   

Mergers and Acquisitions

The Pantry, Inc. has agreed to be acquired by Alimentation Couche-Tard Inc. in a deal valued at $1.7 billion. The transaction is expected to close in the first half of 2015, subject to shareholder and regulatory approvals.

 

 

December 19, 2014

CEO Changes

Windstream Holdings, Inc. has appointed Anthony W. Thomas, formerly President of Real Estate Investment Trust Operations, as its new President and Chief Executive Officer. He succeeded Jeffery R. Gardner, who will remain with the company as Senior Advisor to the CEO until February 1, 2015.

Unisys Corporation announced that it has named Peter A. Altabef as President, Chief Executive Officer, and Director of the Company, effective January 1, 2015. He replaces Interim Chief Executive Officer, Janet Haugen, who assumed the position after Chief Executive Officer J. Edward Coleman announced his departure from the Company in late November 2014. 

Hudson’s Bay Company announced that it has appointed Gerald L. Storch as Chief Executive Officer, effective January 6, 2015. Storch will be responsible for Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5th, Home Outfitters and HBC Digital. He succeeds Richard Baker, who will continue as Governor and Executive Chairman. Storch previously served as Chairman and CEO of Toys "R" Us, Inc. from 2006 to 2013.

Intelsat S.A. announced that current President and Chief Commercial Officer, Stephen Spengler, has been promoted to Deputy Chief Executive Officer. Under the company’s succession plan, Intelsat Chairman and Chief Executive Officer David McGlade will transition to the position of Executive Chairman, effective April 1, 2015, at which time Stephen Spengler will become Chief Executive Officer. David McGlade will have served as the Company’s Chief Executive Officer for 10 years.  

Epsilon Data Management, LLC announced that it has named its President, Andy Frawley, as Chief Executive Officer of the company. He replaces Bryan Kennedy, who will lead the combined Epsilon and Conversant entity, Conversant LLC.   

Steven A. Davis resigned as Chief Executive Officer of Bob Evans Farms, Inc., after eight years in the role. Bob Evans has established an interim Office of the Chief Executive to oversee the company while the board searches for Davis’ successor. Mark E. Hood, Chief Financial Officer, and J. Mike Townsley, President of Bob Evans Foods, serve as members of the Office of the Chief Executive.

MRV Communications, Inc. named Mark J. Bonney as its new President and Chief Executive Officer. Bonney, formerly Executive Vice President and Chief Financial Officer, replaced David Stehlin, who resigned from the company. 

Former Government Officials Joining Corporate World

Ford Motor Company appointed William E. Kennard to its board of directors, effective January 1, 2015. He served as Chairman of the Federal Communications Commission from 1997 to 2001 and as U.S. Representative to the European Union from 2009 to 2013.  

Mergers and Acquisitions

On December 11, 2014, Danaher Corporation announced the completion of its acquisition of Nobel Biocare Holding AG. 

On December 12, 2014, Burger King Worldwide, Inc. and Tim Hortons Inc. completed their merger, creating Restaurant Brands International Inc., a new publicly traded holding company headquartered in Canada. Burger King chief executive Daniel S. Schwartz leads Restaurant Brands as CEO.   

On, December 15, 2014, private equity firm Thoma Bravo, LLC completed its acquisition of Compuware Corporation. 

PetSmart, Inc. announced an agreement this week to be acquired by private equity firm BC Partners, Inc., in a transaction valued at $8.7 billion. The acquisition is expected to close in the first half of 2015.

 

 

December 11, 2014 

CEO Changes

Michael S. Jeffries retired as Chief Executive Officer of Abercrombie & Fitch Co. this week after 22 years in the role. Arthur C. Martinez, previously non-executive Chairman of the Board, was named Executive Chairman. He leads a newly established an Office of the Chairman, which will oversee the company while the board searches for a new CEO. 

Bayerische Motoren Werke AG (BMW) appointed Harald Krüger as its new Chairman of the Board of Management, effective May 13, 2015. He will succeed current BMW chief executive Norbert Reithofer, who will become Chairman of the Supervisory Board. Krüger currently oversees production as a member of BMW’s management board.

Viad Corp announced that its board of directors appointed Steven W. Moster as President, Chief Executive Officer, and member of the board. He will also continue in his current role as President of Global Experience Specialists, Inc., a Viad subsidiary. Moster succeeds Paul B. Dykstra, who has resigned as Chairman, President, and CEO.  

Former Government Officials Joining Corporate World

E*TRADE Financial Corporation appointed Shelley B. Leibowitz to its board of directors this week. Leibowitz served as Chief Information Officer for the World Bank from 2009 to 2012.

Mergers and Acquisitions

On December 4, 2014, Concur Technologies, Inc. was acquired by SAP SE’s U.S. subsidiary, SAP America, Inc. Concur became a wholly-owned subsidiary of SAP America, operating as a business unit within SAP led by its current management team.

On December 10, 2014, Alliance Data Systems Corporation acquired Conversant, Inc. Conversant now operates under Alliance Data’s Epsilon business.

  

 

December 4, 2014

CEO Changes

Hertz Global Holdings, Inc. appointed John P. Tague as its new President and Chief Executive Officer. Tague, a former President and Chief Operating Officer of United Air Lines, Inc., most recently served as served as Chairman and Chief Executive Officer of Cardinal Logistics Holdings. He replaced Brian P. MacDonald, who had served as Interim CEO since Mark Frissora stepped down as chief executive in September. MacDonald continues as President and CEO of Hertz Equipment Rental Corporation.

United Technologies Corporation (UTC) named Gregory J. Hayes President and Chief Executive Officer, following the retirement of Louis R. Chenevert as Chairman and CEO. Hayes previously served as Senior Vice President and Chief Financial Officer. Edward A. Kangas, UTC’s lead independent director, was elected non-executive Chairman of the board of directors. 

Craig L. Martin will retire as President and Chief Executive Officer of Jacobs Engineering Group Inc. on December 26, 2014. Board Chairman Noel G. Watson will serve as Executive Chairman until the company appoints a new CEO.  

Unisys Corporation announced that its board of directors appointed the company’s Chief Financial Officer, Janet Haugen, as interim Chief Executive Officer. She replaces J. Edward Coleman, who has stepped down as Chairman and CEO of the company. He has served in these positions since 2008. 

Philip A. Falcone stepped down as Chairman and Chief Executive Officer of Harbinger Group Inc. to focus on his other role as CEO of HC2 Holdings, Inc. Joseph S. Steinberg was appointed Chairman of the Board. Harbinger President Omar M. Asali will lead the management team while the company searches for a new chief executive. 

Christie's International plc announced that Steven P. Murphy will step down as Chief Executive Officer at the end of this year. He will be succeeded by Patricia Barbizet, who will also continue in her current role as Chairman.  

Former Government Officials Joining Corporate World

Deborah Parker Bailey, former Deputy Director of the Federal Reserve’s Banking Supervision and Regulation Division, has joined KPMG LLP as Managing Director, Regulatory Risk. 

Northrop Grumman Corporation named Rear Adm. Victor M. Beck as Communications Director for Military Aircraft Systems within its Aerospace Systems sector. Beck served as the U.S. Navy’s Vice Chief of Information from 2011 to 2013. 

Retired U.S. Air Force Brig. Gen. Richard S. Stapp was appointed Vice President of Technology Development for Northrop Grumman Aerospace Systems. Stapp joined Northrop Grumman from the U.S. Department of Defense, where he was Director, Office of Special Programs for Acquisition, Technology and Logistics.  

Mergers and Acquisitions

Cypress Semiconductor Corp. and Spansion, Inc. have agreed to merge in a $4 billion transaction. The combined company will operate under the Cypress Semiconductor name, with T. J. Rodgers continuing as Chief Executive Officer. Spansion Chairman H. Raymond Bingham will become non-executive Chairman of Cypress. 

On December 3, 2014, Northwestern Mutual Life Insurance Company completed a $2.7 billion sale of its subsidiary Frank Russell Company (also known as Russell Investments) to London Stock Exchange Group plc. 

NorthStar Realty Finance Corp. completed its $4 billion acquisition of Griffin-American Healthcare REIT II, Inc. on December 3, 2014.