Latest news with #CEOtransition
Yahoo
5 days ago
- Business
- Yahoo
Protecht CEO transition marks new chapter in company's growth journey
SYDNEY, June 17, 2025 /PRNewswire/ -- Protecht, a global leader in enterprise risk management software, today announces that David Bergmark will be stepping down from his role as Chief Executive Officer, effective 1 July, following more than seven years in the role and over 25 years with Protecht as a co-founder. During his tenure as CEO, David has overseen the company's successful expansion into the UK and USA, led significant growth, and recently guided the business through a major investment from PSG, marking a new chapter in the company's evolution. "I'm incredibly proud of everything our team has accomplished over the past 25 years," said David Bergmark. "From humble beginnings to becoming a global leader in enterprise risk management, we've built something truly special. This transition is a natural step forward for Protecht, and I'm confident we are well positioned for even greater success in the years ahead." David will remain actively involved in the business, taking on the role of Director and Strategic Advisor, and will continue to contribute to the areas he is most passionate about, particularly product innovation and customer relationships. David will also remain a member of the Board of Directors. From 1 July, Jason Phillips, Protecht's current Chief Operating Officer, will step into the role of CEO. With over four years at Protecht, Jason has played a pivotal role in scaling the business and driving its international expansion. He brings deep expertise in strategic operations, SaaS growth, and aligning teams across global markets to deliver strong customer outcomes. "I'm excited to continue working with our customers to make risk management more accessible and impactful across their organisations," said Jason Phillips, incoming CEO. "Our focus on innovation, particularly through AI-driven capabilities, will ensure we keep delivering solutions that help customers stay ahead in an increasingly complex risk environment. I'm honoured to lead Protecht into this next phase of growth." About Protecht With offices in Sydney, Los Angeles, and London, Protecht Group provides innovative risk management solutions, including the Protecht ERM (enterprise risk management) platform. Trusted by organizations across government, financial services, education, and other industries, Protecht empowers businesses to manage risk holistically, transitioning from spreadsheets and manual processes to efficient, integrated systems. View original content to download multimedia: SOURCE Protecht Group Sign in to access your portfolio
Forbes
5 days ago
- Business
- Forbes
20 Tips For Facilitating CEO Transitions
When a new CEO steps into the spotlight, internal communications teams play a pivotal role in shaping how the transition is perceived across the organization. The first impression employees form of their new leader often comes through the messages you craft, so timing, tone and transparency matter. A smooth transition is all about timely announcements, plenty of team interactions and creating space for trust to grow. To that end, 20 Forbes Communications Council members share practical steps you can take to guide your organization through this change in leadership. Internal comms pros can communicate, connect and collaborate. It's imperative to communicate clearly and promptly with employees. Engage with teams and allocate time for the CEO to meet with employees face-to-face. Jump into team meetings and articulate the objectives clearly. Activate the 100-day campaign where updates are scheduled every week for the first 100 days to communicate progress and strategy. - Alanood Aldhaher, American University of Sharjah Create a 90-day plan for socializing the new CEO within the company. This should include a listening tour and other opportunities for employees to provide feedback. Have the CEO reflect on what they are hearing. Employees will want to know how their lives will change under the new leader—giving them a voice throughout the transition will make them feel more included on any changes. - Patrick Holmes, Veteran Benefits Guide When a new CEO joins, there should be a series of proactive digital and physical touchpoints to introduce the leader personally, as well as communicate the leader's vision for the company. This will build trust and help align the organization under the new leadership. - Krystle Craycraft, NyTex Partners The first 90 days are key for visibility, listening and two-way communication. Plan events such as company town halls and other opportunities for employees to ask the new CEO questions about their approach and strategy for the business. Ensure the CEO is visible and responsive in internal communications as they ramp up. - Sheryl Seitz, C4 Ventures Emphasize an employee-first approach. I've seen too many employees find out about a new CEO from the front pages. Media coverage should be concurrent with internal announcements. There also must be clear messaging about the implications for the company, the various departments and employees. The internal communications team should continue to push management to prioritize relaying information. - Andrew Frank, KARV Forbes Communications Council is an invitation-only community for executives in successful public relations, media strategy, creative and advertising agencies. Do I qualify? A new CEO is a powerful opportunity to align employees with the vision of the company's leadership and to help each individual see how their role contributes to that success. But nature hates a vacuum, so move quickly to help the new CEO articulate and communicate that vision—also look for ways to help employees feel they know the new CEO as a human being and not just a title. - Elizabeth Baskin, Tribe, Inc. Connect the new CEO to the front line and middle management with every opportunity. When the CEO visits a company site for orientation, set up small meet-and-greet groups with informal agendas. Make it a listening tour more than anything else. This gives employees more direct access to the new chief executive while providing diverse insights from employees to the CEO. - Mark Dollins, North Star Communications Consulting One of the most overlooked but powerful steps internal comms can take is to narrate the transition in real time. Don't just announce the new CEO. Tell the story as it unfolds. Explain: Why did the change happen? What did the process look like? What can employees expect next? This builds transparency, reduces speculation and brings people along instead of leaving them behind. - Sara Payne, Inprela Communications When a new CEO joins, one thing that really helps is introducing him or her in a genuine, relatable way. Share who this person is, what they stand for and what they're excited to bring to the company. A short video, a Q&A or even a casual town hall goes a long way. It helps people feel included, reduces uncertainty and sets the tone for a smooth transition. - Luciana Cemerka, TP A new CEO's arrival is like launching a new brand, especially in turnarounds. Given that CEO hiring and performance oversight are core board duties, the board must be visible in the CEO rollout and ensure that marketing, communications, and HR lead with clarity. Starbucks got this right as Board Chair Mellody Hobson and CEO Brian Niccol modeled a high-trust launch that protected brand and stakeholder value. - Toby Wong, Toby Wong Consulting Shared context lowers stress levels. So, start by planning a live, all-hands AMA within the first few days of the new CEO's arrival, where staff submit questions anonymously and comms crafts candid replies linking the leader's vision to existing culture. Quick and empathetic transparency can turn uncertainty into collective momentum. - Jamie Elkaleh, Bitget Wallet Give the new CEO a voice before they ever speak. Share a playlist, a handwritten note or a photo of their hiking trip. Humanizing them through unconventional signals builds curiosity and trust faster than polished bios ever could. It makes the transition feel personal, not procedural. - Cade Collister, Metova There's already a lot of great advice out there on this topic. However, it is based on the assumption that internal comms pros are fully looped in. The most essential step to take during a new CEO transition is to make sure internal comms are engaged from the very early stages all the way through the transition period. Be a partner in the process and bring everyone along on the journey. - Barnaby Pung, Merit Network Schedule listening sessions for the new CEO within the first 30 days with as many key constituents as possible. Any time there is a change at that level, people get nervous. Change is inevitable since they didn't bring in the new person to just keep the status quo, but the agenda will be better absorbed if people feel like they got the opportunity to be heard. - Ted Hong, Solera Health Focus the messaging on why this CEO is the right fit for the future. Highlight their strengths, vision and what they bring to the table. When internal comms leads with excitement and clarity, not fear of change, it builds confidence, aligns teams faster and sets a positive tone for the transition. - Prateek Panda, Partner early with the CEO to craft a clear, authentic introduction plan, one that shares their vision, values and communication style. This builds trust, reduces uncertainty and sets the tone for transparency and alignment from day one. - Cody Gillund, Grounded Growth Studio Don't treat a new CEO's arrival like a top-secret operation! Internal comms pros should prioritize transparent and proactive communication from the moment the announcement is made. This upfront approach combats rumors and anxiety, fosters a sense of inclusion and allows employees to start aligning with the new leadership's vision from day one. - Patrick Ward, NanoGlobals Don't fall into the "100 days" trap. Great CEOs manage for the next decade, not the next few months. Think through the strategic positioning of everything you ask the CEO to say or do, and imagine how it will age over the years. - Bob Pearson, The Next Practices Group When a new CEO steps in, one of the best things internal communications can do is help the team understand that change is coming, and that's not bad. It starts with honest, human messaging that sets the tone: New leadership means fresh vision, and yes, our way of working might shift. But we don't lose our footing if we stay open and aligned. We grow together. - Rich Bornstein, Bornstein Media Employees are generally wary of uncertainty. Proactively sharing key aspects of a succession plan even before the CEO officially joins the team is an important step that internal comms pros can take to ensure a smooth transition. Addressing questions like "why now?" and "what does the transition mean for the company?" are just as important as who. The first two can be shared well in advance to reduce uncertainty. - Rekha Thomas, Path Forward Marketing
Reuters
6 days ago
- Business
- Reuters
CEO moves between industries
June 16 (Reuters) - Gucci owner Kering ( opens new tab is set to hire Renault ( opens new tab Chief Executive Luca de Meo, five sources told Reuters on Monday, in a move that will see de Meo pivot from the automotive to the luxury sector. Below are examples of other CEOs who switched industries, along with the stories of how they fared: To: Apple (AAPL.O), opens new tab (Technology) From: Burberry (BRBY.L), opens new tab (Luxury fashion) Ahrendts became Senior Vice President of Retail at Apple in 2014 after previously holding the CEO position at luxury fashion retailer Burberry. Ahrendts became one of Apple's top-paid executives and led a redesign of the company's retail stores before leaving Apple in 2019. To: Walgreens Boots Alliance (WBA.O), opens new tab (Healthcare retail) From: Starbucks (SBUX.O), opens new tab (Food and beverage retail) Brewer became CEO of Walgreens Boots Alliance in 2021, joining the company after a five-year stint at Starbucks. During Brewer's tenure at Walgreens its stock fell roughly 47% as the company tried to broaden its reach as a healthcare provider and struggled with the sharp decline in demand for COVID tests and vaccines. Brewer stepped down from Walgreens in 2023. To: IBM (IBM.N), opens new tab (Technology) From: RJR Nabisco (Consumer goods) Gerstner moved to IBM from RJR Nabisco in 1993 after stints at American Express and the consultancy firm McKinsey. He is credited with radically changing the culture and focus of the business while slashing expenses, selling assets and repurchasing stock. Gerstner retired as CEO of IBM in 2002, with stock some 800% higher than when he had started. To: J.C. Penney (Retail) From: Apple (Technology) Johnson moved to J.C. Penney from Apple in 2011. The company faced severe sales declines the following year, falling 25 percent in the first year of Johnson's plan to revamp the business, which did away with the coupons that brought in loyal shoppers and aimed to refashion stores into collections of branded boutiques. Johnson was fired in 2013. To: Uber (UBER.N), opens new tab (Ride sharing) From: Expedia (EXPE.O), opens new tab (Online travel) Khosrowshahi left Expedia, where he had been CEO since 2005, for Uber in 2017. He inherited a difficult situation from his predecessor Travis Kalanick including lawsuits, a U.S. Department of Justice investigation into possible violations of bribery laws and allegations of sexual harassment. To: Ford (F.N), opens new tab (Automotive) From: Boeing (BA.N), opens new tab (Aerospace) Mulally became CEO and President of Ford in 2006 after serving as CEO of Boeing's commercial aircraft division from 1998 to 2006. He is credited with a revamp of Ford that helped the company weather some of the risks of the 2008 financial crisis better than competitors such as General Motors (GM.N), opens new tab and Chrysler. To: Starbucks (Food and beverage retail) From: Reckitt Benckiser (RKT.L), opens new tab (Consumer health) Narasimhan moved to Starbucks from Reckitt Benckiser in 2022. He had previously held positions at PepsiCo after a 19-year stint at consultancy firm McKinsey. Narasimhan was brought in to "reinvent" Starbucks amid increased competition and weakening demand in the U.S. and China. Instead, its stock price faltered during his year-and-a-half-long tenure, losing around one-quarter of its value. To: Home Depot (HD.N), opens new tab (Home improvement retail) From: General Electric (GE.N), opens new tab (Industrial) Nardelli moved to Home Depot from General Electric in 2000 despite having no prior experience in retail. He resigned from Home Depot in 2007, becoming chairman and CEO of automotive company Chrysler later that year. He announced his departure from Chrysler in 2009 on the same day as the company filed for Chapter 11 bankruptcy. To: PepsiCo (PEP.O), opens new tab (Food and beverage) From: ABB (ABBN.S), opens new tab (Electrical engineering) Nooyi joined PepsiCo in 1994 as senior vice president for strategic planning and rose through the ranks to become CEO in 2006, remaining in the position for 12 years. To: Nike (NKE.N), opens new tab (Apparel and footwear) From: S.C. Johnson (Consumer goods) Perez moved to Nike from an eight-year tenure as CEO and President of S.C. Johnson in 2004. In January 2006 he announced he was leaving Nike due to disagreements with Nike co-founder Phil Knight on how the company should be run. To: Apple (Technology) From: PepsiCo (Food and beverage) Sculley moved to Apple from PepsiCo in 1983. He spent a decade at Apple before relinquishing the post as CEO in 1993, leaving the position of chairman as well later that year. To: UPS (UPS.N), opens new tab (Logistics and transportation) From: Home Depot (Home improvement retail) Tome was named CEO of UPS in 2020 after her retirement from the role of CFO at Home Depot in 2019. She had worked at Home Depot for 24 years and had been on the board of UPS since 2003. To: eBay (EBAY.O), opens new tab (E-commerce) From: Hasbro (HAS.O), opens new tab (Toys and entertainment) Whitman joined eBay from Hasbro when the company was in its infancy in 1998. Whitman moved from eBay to the more hardware-focused technology company Hewlett-Packard in 2011. In 2018 she became CEO of short-form content app company Quibi, which wound down its operations in 2020 after failing to attract subscribers.
Bloomberg
09-06-2025
- Business
- Bloomberg
Ken Moelis Plans to Step Down as CEO of His Investment Bank
Ken Moelis, who became one of the most recognizable dealmakers on Wall Street in his four-decade career, will step down as CEO of his boutique investment bank effective Oct. 1. The 66-year-old banker will take on the role of executive chairman at Moelis & Co., the company said in a statement Monday. Co-President Navid Mahmoodzadegan will become chief executive officer and join the bank's board.
Daily Mail
04-06-2025
- Business
- Daily Mail
List of JPMorgan candidates to eventually replace CEO Dimon
JPMorgan Chase is making moves behind the scenes to eventually replace its longtime CEO Jamie Dimon, who is expected to retire within five years. Dimon, 69, indicated in a Monday interview with Fox Business that he intends to step away from America's largest consumer bank in 'several years,' adding that he loves the job. On Tuesday, Bloomberg reported that JPMorgan put Marianne Lake in charge of strategic growth and the firm's international consumer bank. Doug Petno and Troy Rohrbaugh, who together lead JPMorgan's commercial and investment banking operations, are also vying for the top job. What Petno has going for him is his length of service. He's been at the bank for 35 years and has held numerous roles at the company. By comparison, Lake has been at JPMorgan for 25 years, while Rohrbaugh has been there for 20 years. Jenn Piepszak was a real possibility to become CEO several months ago. She effectively took herself out of the running when she accepted the COO job in January. Piepszak replaced former COO Daniel Pinto, who will serve as the company's president until he retires in 2026. Pinto, too, was once considered someone who could step into the CEO role, as he previously assumed those responsibilities when Dimon had to undergo emergency heart surgery in 2020. Mary Erdoes, CEO of asset and wealth management, is considered a dark horse in the leadership race. She has been at the firm for nearly 30 years. JPMorgan could surprise everyone and go with an outside hire, but that is very unlikely. Daily Mail reached out to the bank for comment. In April, the bank's Board of Directors identified potential successors to Dimon and all of them were internal candidates. Dimon himself was an internal hire. In 2000, he became the CEO of Bank One, overseeing that firm's operations until it merged with JPMorgan in 2004. He was first selected to be COO at JPMorgan before being hired as CEO in December 2005. All this jockeying at JPMorgan comes as Dimon made a headline-grabbing appearance Friday at the inaugural Regan National Economic Forum, where he talked with his usual brash candor about today's hot-button political issues. On a panel with CNBC's Morgan Brennan, he sounded the alarm about the ballooning national debt and warned that if the United States doesn't take its role as the world's sole superpower seriously, the US dollar could cease being the world reserve currency. He also advanced the idea that leaders at every level of government are bungling the country's future. 'The amount of mismanagement is extraordinary - by state, by city, for pensions, and that stuff is going to kill us,' he said. All these statements and more got Brennan to ask Dimon whether he'd consider running for office, a question that got many in the audience to gasp. 'What would be the scenario that you would entertain to consider public service?' she asked. Dimon paused for a beat, then said, 'Alright, ready? I'll tell you. If I thought I could really win, which I don't think I could.' That response apparently caught the eye of Jeffrey Sonnenfeld, a professor at the Yale School of Management, who wrote a lengthy article about why Dimon could be a dynamic choice to be the next president. Anthony Scaramucci, a financier who served as White House communications director for 10 days in 2017 before being fired by Trump, posted about Sonnenfeld's Tuesday piece in Fortune Magazine , calling it 'spot on.' Sonnenfeld argued that Dimon is a commanding presence and a sensible moderate who could, if he decided to run as a Democrat, unite a party that is in complete disarray. The conventional wisdom is that the Democrats are largely without a true leader after Vice President Kamala Harris lost to Donald Trump in November. A CNN/Gallup poll released on Sunday seems to bear that out, with just 16 percent of Americans believing the Democratic party has strong leaders. Sonnenfeld also cast Dimon as an unapologetic truth-teller even when it doesn't suit him, writing that this is a 'rare quality found only in the best leaders.' As an example, he pointed to a leaked recording of Dimon at a company town hall , where he launched into a foul-mouthed rant against employees who wanted to continue working from home. Dimon also has a realistic claim to the centrist label, Sonnenfeld wrote, as he criticized both Democrats and Republicans. Although Dimon, a registered Democrat, continues to praise Trump for growing the economy in his first term, he hasn't been shy to slam the president for his Liberation Day tariffs and his decision to establish a strategic bitcoin reserve. In January 2024, he was far more conciliatory, saying, 'Take a step back, be honest. He was kind of right about NATO, kind of right on immigration. He grew the economy quite well. Trade tax reform worked. He was right about some of China.' Back then, he was warning that Democrats' incendiary rhetoric about Trump and MAGA could cost them the upcoming election. Whether or not the Democrats' approach to Trump supporters was the main factor in them losing, the fact is, Trump cruised to a second term relatively handily. Sonnenfeld wrote that Dimon could be the antidote to Trumpism, essentially saying that while Trump plays the role of a titan of industry, Dimon is the real deal. He pointed to Trump's multiple business bankruptcies, despite inheriting nearly half a billion from his father, Fred Trump.
