#ceo-transitions

#ceo-transitions

Driving the news: Walmart said Friday that McMillon, CEO since 2014, would step aside early next year in favor of long-time lieutenant John Furner. The Financial Times reported late Friday night that Apple's board is accelerating plans to replace Cook, CEO since 2011, as early as next year. Disney is working toward replacing Iger as CEO (again) early next year, and he's been more vocal about the coming change in recent days, discussing his impending exit on a British podcast.

More than 40% of outgoing S&P 500 CEOs assumed board chair roles within a year of stepping down, according to a 2023 study by Spencer Stuart. David Gau is president and head of operations for PPC. David joined PPC in 2014 and previously served as chief operating officer, an operating partner and co-head of the manufactured products sector team. David joined PPC after a 30-year career building and operating multinational organizations.