CEO

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Getting Longer in the Tooth: American CEOs

Firms navigating uncertainty and complexity seem to favor older, generalist leaders

(Newser) - The best offices in the company building are starting to look a lot more like the US Senate. A new working paper from the National Bureau of Economic Research finds that the average American CEO is now 61, up from the average of 20 years ago of about 51, and...

Now at Lululemon's Helm: the 'Obvious Choice'

Ex-Nike exec Heidi O'Neill steps in after share slump, leadership turbulence

(Newser) - Lululemon is betting its turnaround on a veteran of one its rivals. The Vancouver-based apparel company said on Wednesday that former Nike executive Heidi O'Neill will take over as CEO on Sept. 8, ending a monthslong leadership search after Calvin McDonald stepped down in January amid a steep share-price...

Best Buy CEO Corie Barry to Step Down

Veteran executive Jason Bonfig tapped as her successor to revive electronics retailer

(Newser) - A long-running insider is about to take the top job at Best Buy—and inherit a growth problem. The electronics chain said Wednesday that CEO Corie Barry will leave at the end of October, capping a five-year run marked by a pandemic-fueled boom followed by sluggish sales and underperforming stock....

Apple Names Hardware Chief John Ternus as New CEO

He will succeed Tim Cook in September

(Newser) - Apple is about to get its first new boss since shortly before Steve Jobs' death. The company said Monday that longtime hardware chief John Ternus will take over as CEO on Sept. 1, with current CEO Tim Cook shifting to executive chairman, CNBC reports. Cook, 65, will stay in the...

There Will Be No United- American Airlines Merger

United CEO had floated idea of joining forces with American, but American says it's not interested

(Newser) - Consumer advocates, politicians, and competitors aren't the only ones opposed to a huge American-United Airline merger—so, apparently, is American. The Wall Street Journal reports that, despite United CEO Scott Kirby's overtures to such a deal, its rival isn't on board. "American Airlines is not engaged...

After Disastrous Condolences, Air Canada CEO Is Retiring

Michael Rousseau's successor will have 'the ability to communicate in French,' says company

(Newser) - Air Canada's boss is heading for the exits after a language firestorm he couldn't put out—and presumably he'll use the newfound free time to take some French lessons. The airline said Monday that CEO Michael Rousseau will retire this fall, wrapping up nearly 20 years at...

Mall Empire Builder David Simon Dies at 64
Mall Empire Builder
David Simon Dead at 64
obituary
Mar 24, 2026 3:00 AM CDT

Mall Empire Builder David Simon Dead at 64

Longtime Simon Property Group chief executive built nation's largest mall empire

(Newser) - The man who spent decades betting Americans wouldn't give up the mall has died. David Simon , the hard-driving chief executive who turned his family's Indiana real-estate outfit into the country's dominant mall owner, died Sunday at 64 after being diagnosed with pancreatic cancer in 2024, the Wall ...

New Berkshire Boss Reassures Investors

Greg Abel stresses fortress balance sheet, cash reserves, no dividends in letter to shareholders

(Newser) - Berkshire Hathaway's new chief executive used his first letter to shareholders to tell them he plans to run the company much the way Warren Buffett did. Greg Abel, 63, wrote that he intends to keep Berkshire's conservative financial posture and disciplined investment approach "into perpetuity" while Buffett,...

Veteran Walmart Exec Is Kroger's New CEO

Former Walmart US chief Greg Foran tapped to steer post-Albertsons growth

(Newser) - Kroger is turning to a veteran of its biggest rival to steer the supermarket giant through a turbulent moment in food retail. The Cincinnati-based chain has named former Walmart executive Greg Foran as its new chief executive, effective immediately, ending an almost yearlong search that began after longtime CEO Rodney...

Bob Iger May Be Leaving Disney Earlier Than Expected

Sources tell Wall Street Journal that board will vote next week to name longtime chief's successor

(Newser) - Bob Iger appears poised to hand over Disney's top job sooner than expected, according to people familiar with his plans. The longtime chief executive has told associates he intends to step back from the CEO role and day-to-day operations ahead of his Dec. 31 contract end date, the Wall ...

Mike Lindell Takes First Step Toward a Minn. Governor Run
MyPillow CEO Makes
a Big Political Move
UPDATED
Dec 11, 2025 11:04 AM CST

MyPillow CEO Makes a Big Political Move

Mike Lindell announces Minnesota gubernatorial run, blasts 'rampant fraud' under Walz

(Newser) - Mike Lindell is officially running for governor of Minnesota. The MyPillow CEO made the announcement as expected Thursday, saying, "Those who know me know I'm up to the task," per NBC News . The Republican joins a crowded field looking to oust Democratic Gov. Tim Walz, who is...

Walmart Taps Insider to Succeed CEO McMillon
Walmart Is
Getting a
New CEO
Nov 14, 2025 8:45 AM CST

Walmart Is Getting a New CEO

John Furner will take over the role from Doug McMillon in February

(Newser) - Walmart CEO Doug McMillon will step down on Jan. 31, the company announced Friday, with the role set to be filled by John Furner, who currently serves as president and CEO of Walmart's US division. McMillon, who has spent his entire career at Walmart, will retire in early 2026,...

Buffett Tells Shareholders His Exit Plans

Berkshire Hathaway CEO is hurrying efforts to distribute his wealth

(Newser) - Warren Buffett, the 95-year-old CEO of Berkshire Hathaway, announced Monday in a letter to shareholders that he will be "going quiet" soon, invoking a Britishism to describe his plan for stepping down at the end of the year. And Buffett said he'll end his decades-long tradition of penning...

LendingTree Founder Doug Lebda Dies in ATV Crash

He 'was one of the greatest American entrepreneurs of his generation,' former NC governor says

(Newser) - Doug Lebda, founder and CEO of LendingTree, died in an all-terrain vehicle accident on Sunday, the Charlotte-based fintech company announced on Monday. Lebda, who established LendingTree in 1996, was 56. Known for connecting borrowers with lenders for mortgages, credit cards, and personal loans, LendingTree has grown into a notable...

Spotify Announces a Change at the Top
Spotify Announces
a Change at the Top
Sep 30, 2025 12:02 PM CDT

Spotify Announces a Change at the Top

Co-founder Daniel Ek to step down as CEO, though he will stay involved

(Newser) - Spotify's Daniel Ek is stepping aside as CEO after nearly 20 years, though he still plans to have a say in company business, reports the Wall Street Journal . The 42-year-old billionaire will become Spotify's executive chairman, weighing in on big-picture planning and capital moves. He will be...

CEO Gets 15 Years After Fatal Fire at Battery Plant

Aricell chief Park Soon-kwan's son also got a 15-year prison sentence after blaze that killed 23

(Newser) - The CEO of a lithium battery manufacturer in South Korea is headed to the clink after one of his company's factories went up in flames last year, killing 23. Park Soon-kwan, head of Aricell, was sentenced to 15 years behind bars on Tuesday, in what NBC News says is...

Eisner Questions Disney After Kimmel Suspension

Former CEO criticizes former company's response to political pressure over Kimmel's Kirk remarks

(Newser) - It's been almost a year and a half since Michael Eisner posted anything on his X account, but this week the ex-Disney CEO broke his silent streak, criticizing his former company's leadership for its decision to suspend Jimmy Kimmel's late-night show on ABC, which Disney owns....

How Jet Lag Factored Into This CEO's Downfall

Supplements probe forces out one of Japan's most high-profile CEOs

(Newser) - A quest to ease jet lag has toppled one of Japan's most prominent CEOs. Takeshi Niinami, the high-profile CEO of Suntory Holdings—the force behind Jim Beam since 2014—resigned Tuesday after a police investigation tied to supplements that he was set to receive. The 66-year-old executive elaborated...

Nestlé Ousts CEO Over Relationship

Chairman says investigation found Laurent Freixe violated company's code of conduct

(Newser) - Nestlé has removed Laurent Freixe as CEO after an internal investigation found he was involved in an undisclosed romantic relationship with a subordinate, the company announced Monday. The relationship violated Nestlé's code of conduct, the Wall Street Journal reports. "This was a necessary decision," Chairman...

Target Names New CEO Who's Coming in With 'Urgency'

COO Michael Fiddelke will take over for current chief exec Brian Cornell, stepping down Feb. 1

(Newser) - Target CEO Brian Cornell, who helped reenergize the company but has struggled to turn around weak sales in a more competitive retail landscape since the COVID pandemic, plans to step down on Feb. 1. Minneapolis-based Target Corp. said Wednesday that COO Michael Fiddelke, a 20-year company veteran, will succeed Cornell,...

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