C-Suite Transitions

C-Suite Transitions – Ben van Beurden Bids Adieu To Shell After 40 Years

C-Suite Transitions – Ben van Beurden Bids Adieu To Shell After 40 Years

After over 40 years with the company, Chief Executive Officer Ben van Beurden of one of the world’s largest integrated energy companies, Shell (SHEL), announced that he will be retiring at the end of this year. Wael Sawan, the company’s head of gas and renewables, will take over as Ben van Beurden’s successor. As an integrated energy company, Shell operates in the upstream (production of oil and natural gas), midstream ...

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C-Suite Transitions – Management Shakeups At Shopify and Peloton

C-Suite Transitions – Management Shakeups At Shopify and Peloton

There was a significant increase in C-Suite transitions last week. Shopify (SHOP) Tobias Lütke and Scott Lake created Shopify (SHOP) a global Canadian e-commerce business, in 2006 after failing to launch Snowdevil, an online store for snowboarding gear. Lütke, a computer programmer, decided to create his own e-commerce platform for the internet business because the available e-commerce platforms weren’t good enough. Snowdevil was released after two months of development. Shopify ...

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C-Suite Transitions – Laxman Narasimhan Named CEO Of Starbucks

C-Suite Transitions – Laxman Narasimhan Named CEO Of Starbucks

With over 34,948 stores in 80 countries, Starbucks (SBUX) is the world’s largest coffee chain with its headquarters in Seattle, Washington. The company was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker. Current interim CEO Howard Schultz has been with the company for over four decades and this is his third stint as CEO. Mr. Schultz retired from Starbucks in 2018 but rejoined as interim chief executive officer ...

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C-Suite Transitions – Interim CFO Grant Brown Appointed as Chief Financial Officer of Qorvo

C-Suite Transitions – Interim CFO Grant Brown Appointed as Chief Financial Officer of Qorvo

Qorvo Inc. (QRVO) Headquartered in Greensboro, North Carolina, Qorvo was created by the merger of TriQuint Semiconductor and RF Micro Devices. Qorvo is a semiconductor company, that designs, manufactures, and supplies radio-frequency systems for wireless, wired, and power markets internationally. On August 3, 2022, Qorvo reported results for the fiscal 2023 first quarter ended July 2, 2022. According to the press release, on a GAAP basis, revenue for Qorvo’s fiscal 2023 first quarter was ...

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C-Suite Transitions – Former Ulta Beauty CEO Mary Dillon Named New CEO Of Foot Locker

C-Suite Transitions – Former Ulta Beauty CEO Mary Dillon Named New CEO Of Foot Locker

Retail is a notoriously difficult industry for investors. Fickle consumer tastes, competition from other brick-and-mortar as well as e-commerce retailers, high employee turnover and low margins are some of the issues management teams at retailers face. There are however some rockstar retail CEOs that have managed to buck the trend. Hubert Joly, the former CEO of Best Buy (BBY) comes to mind considering his outstanding performance during much of the ...

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C-Suite Transitions – Multiple Leadership Changes At Cardinal Health

C-Suite Transitions – Multiple Leadership Changes At Cardinal Health

If you have ever looked at the large drug distributors as potential investments, McKesson (MCK), AmerisourceBergen (ABC) and Cardinal Health (CAH), you were probably struck by the fact that these companies have small single digit gross margins and net margins are even tinier, usually under 1%. What these companies lack in margins, they often make up in volume as they generate a lot of revenue from their numerous divisions. For example, ...

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Introducing C-Suite Transitions on Inside Arbitrage

Introducing C-Suite Transitions on Inside Arbitrage

One determining factor that has a huge influence on a company’s trajectory is the company’s leadership team. Whether it is a country, a local municipality or a publicly traded company, the leadership team and especially the Chief Executive at the top have a huge influence on outcomes. Given short tenures for publicly traded company CEOs and especially CFOs, we are launching a new strategy at InsideArbitrage to track not just ...

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