Lauber to be appointed Chairman MILWAUKEE, Jan. 22, 2026 /PRNewswire/ -- The board of directors of WEC Energy Group (NYSE: WEC) today announced that consistent with the company's guidelines, Gale Klappa, 75, will not be standing for election and will retire from the board following the annual meeting in May. Klappa joined Wisconsin Energy as president in April 2003. He was elected to the company's board of directors in December 2003. From May 2004, Klappa served as chairman and chief executive officer of Wi ...

You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. Chris Tarrant is leaving his role as Sweetgreen’s chief development officer. His departure, originally reported by Bloomberg, was confirmed by the company, which shared in an email to Nation’s Restaurant News that he will remain with the company through the end of January to support a smooth transition.  “We're grateful for his contributions and are actively advancing a succession plan with a strong slate of candid ...

Leadership Changes - Teleflex Incorporated has appointed Stuart Randle as Interim President and CEO, succeeding Liam Kelly, who has stepped down from his roles [1] - Stephen Klasko has been appointed as Chairman of the Board [1][2] Revenue Outlook - The company has lowered its full-year revenue outlook for 2025 to a range of $3.270 billion to $3.278 billion, down from the previous guidance of $3.305 billion to $3.320 billion [3] - The revision is attributed to softer-than-expected demand for intra-aortic balloon pumps and catheters in the U.S. and Asia, delays in certain OEM purchase orders, and lower overall order volumes across parts of its portfolio [3] Strategic Focus - Teleflex is transitioning to a more focused, higher-growth organization following the announced sale of its Acute Care, Interventional Urology, and OEM businesses [3] - The Board believes this leadership transition is timely to best position the company for future growth [3]

Core Insights - Bang & Olufsen's CEO Kristian Teär has stepped down, with Nikolaj Wendelboe appointed as interim CEO while a search for a new CEO is underway [1][2] - The company aims to maintain its strategic direction and ambition to strengthen its position as a global leader in luxury audio despite the leadership change [2] - Preliminary financial results for Q2 and H1 of FY 2025/26 have been announced, indicating a decline in revenue but an increase in gross profit and gross margin [3][6] Leadership Change - Kristian Teär's leadership was pivotal during his tenure, especially through the COVID-19 pandemic, and he has been credited with strengthening the company's financial position [2][3] - The Board of Directors has determined that new leadership is necessary to guide the company through its next phase, approximately six months into a three-year mid-term plan [2] Financial Performance - Preliminary Q2 2025/26 reported revenue was DKK 676 million, a decline of 3.2% year-on-year, with a 5.5% increase in revenue from branded channels [6] - For H1 2025/26, reported revenue was DKK 1,119 million, down 3.9% year-on-year, with a decline of 3.5% in revenue from branded channels [6] - Gross profit for Q2 increased by DKK 17 million to DKK 391 million, with a gross margin increase of 4.2 percentage points to 57.9% [6] - The EBIT margin before special items for Q2 was -5.3%, compared to 1.7% in Q2 2024/25, while for H1 it was -5.3% against -0.4% in H1 2024/25 [6] - Free cash flow was reported at DKK -33 million for Q2 and DKK -168 million for H1 [6] Financial Outlook - The FY 2025/26 outlook for EBIT margin before special items remains unchanged at -3% to 1% [5] - Revenue growth outlook in local currencies has been narrowed to 1% to 5%, down from a previous range of 1% to 8% [6] - Free cash flow outlook has also been narrowed to DKK -100 million to -50 million, previously DKK -100 million to 0 million [6]

Core Viewpoint - The leadership transition at argenx SE is aimed at preparing the company for its next phase of growth, with Karen Massey stepping up as CEO and Tim Van Hauwermeiren becoming Chairman of the Board [1][2] Group 1: Leadership Changes - Karen Massey will transition from Chief Operating Officer to Chief Executive Officer and Executive Director [1] - Tim Van Hauwermeiren will move from Chief Executive Officer to Non-Executive Director and Chairman of the Board, succeeding Peter Verhaeghe, who is retiring [1][2] - The leadership changes are subject to shareholder approval at the Annual General Meeting scheduled for May 6, 2026 [1] Group 2: Strategic Vision - The leadership evolution is seen as a natural step towards a long-term future that is patient-focused and sustainable [2] - Tim Van Hauwermeiren expressed confidence in Karen Massey’s ability to lead the company forward, highlighting her impact since joining argenx [2] - Karen Massey emphasized her commitment to executing Vision 2030 and building a future-proof biotech company [2] Group 3: Company Overview - argenx is a global immunology company focused on improving the lives of individuals with severe autoimmune diseases [3] - The company collaborates with leading academic researchers through its Immunology Innovation Program to develop novel antibody-based medicines [3] - argenx is known for commercializing the first approved neonatal Fc receptor blocker and is exploring its potential in various serious autoimmune diseases [3]

Core Points - Swiss Properties Invest A/S announces Gert Mortensen as the new CEO effective January 1, 2026, succeeding Kirsten Sillehoved, who will remain on the Board [1] - The leadership transition aims to strengthen the company's growth and enhance investor relations [3] Company Background - Gert Mortensen has over 30 years of experience in mergers, acquisitions, divestitures, and capital raising, and has been a certified adviser on Nasdaq First North Growth Market since its inception in 2005 [2] - Prior to joining Swiss Properties Invest, Mortensen was a Partner at Baker Tilly Denmark, overseeing Baker Tilly Corporate Finance, and has held various partner and executive roles in strategic and financial advisory [2] Educational Qualifications - Gert Mortensen holds an M.Sc. in Economics from Copenhagen Business School and an MBA (cum laude) from SDA Bocconi in Milan [3]

Core Viewpoint - Warren Buffett is stepping down as CEO of Berkshire Hathaway, with Greg Abel taking over, but significant changes in company operations are not expected [1][2]. Company Leadership Transition - Greg Abel was chosen by Buffett not for his innovative vision but for his management skills, work ethic, and communication honesty, indicating continuity in leadership style [2][3]. - Buffett remains as chairman of the board, ensuring his influence continues within the company [3]. Financial Performance and Market Data - Berkshire Hathaway's current market capitalization is $1,098 billion, with a stock price of $508.94, reflecting a slight decrease of 0.81% [4][5]. - The company's gross margin stands at 24.85%, and there are no dividends currently offered [5]. Portfolio Management - Changes in the equity portfolio are anticipated, as portfolio managers Ted Weschler and Todd Combs will continue their roles despite Buffett's retirement [5].

Core Insights - Maple Donuts has appointed Greg Somerville as CEO, marking a significant leadership transition aimed at accelerating growth and market expansion [1][2][4] - Somerville brings extensive experience from previous roles in major companies, which is expected to enhance Maple Donuts' operational capabilities and customer relationships [3][4] Company Overview - Maple Donuts, founded in 1946 by the Burnside family, specializes in producing private-label doughnuts for retail and foodservice channels in the US [2] - The company is a portfolio entity of Swander Pace Capital, which acquired it in the summer of 2023 [2][4] Leadership Transition - The appointment of Greg Somerville is seen as a strategic milestone for Maple Donuts, with expectations for improved partnerships and market expansion [3][4] - Luke Burnside, the vice president for sales, emphasized Somerville's customer-first mindset and operational expertise as key to the company's growth [3] Future Prospects - The company is at an "exciting inflection point," with inquiries about potential new markets and customers as part of its expansion program [3] - Swander Pace Capital has not disclosed the financial terms of the acquisition, but it has a history of successful investments in various food-related companies [4][5]

Core Insights - Kemper Corporation has appointed C. Thomas Evans, Jr. as Interim CEO following the departure of Joseph P. Lacher, Jr. after nearly a decade in leadership [1][2] - Lacher will remain in an advisory role until the end of the year to assist with the transition, while the Board has initiated a search for a new CEO [2] - Evans has extensive experience with Kemper, having been with the company since 1992 and held multiple leadership positions [3] Leadership Transition - Joseph P. Lacher, Jr. has stepped down from his roles as President and CEO and will also leave the Board of Directors immediately [2] - Gerry Laderman, Chairman of the Board, expressed gratitude for Lacher's decade of leadership and support during challenging times, including the COVID-19 pandemic [4] - The Board is focused on finding a new CEO to lead Kemper into a phase of profitable growth and is confident in the current team's ability to execute strategic priorities [5] Future Outlook - Lacher expressed confidence in Kemper's potential for sustained, profitable growth and thanked stakeholders for their support during his tenure [5] - Evans emphasized his commitment to working closely with the Board and management team during the transition and highlighted Kemper's solid foundation and competitive advantages [5] - A financial update is expected during the third-quarter earnings call in early November [5]

Core Insights - Berkshire Hathaway, led by Warren Buffett, has made a significant move by acquiring Occidental Petroleum's chemical business for $9.7 billion in cash, marking Buffett's largest transaction since the acquisition of Alleghany [1][2] - This acquisition indicates a potential shift in strategy as Buffett prepares to step down as CEO, with Greg Abel set to take over, suggesting a new direction for the company [3][6] Company Strategy - The deal reflects Buffett's ongoing interest in Occidental Petroleum, where Berkshire Hathaway currently holds about one-third of the company, although Buffett has clarified that they will not acquire the entire firm [5][9] - The integration of Occidental's business into Berkshire's non-insurance operations may create synergies, particularly with Berkshire Hathaway Energy [4][6] Leadership Transition - Greg Abel, who will become CEO, is expected to steer the company differently than Buffett, potentially adopting a more aggressive investment strategy given the substantial cash reserves of over $300 billion [10][17] - The absence of Buffett's name in the press release signals a shift in leadership and strategy, raising questions about how Abel will manage capital allocation moving forward [2][11] Market Reaction - Following the announcement, Occidental Petroleum's stock experienced a decline, as investors interpreted the deal as a signal that Berkshire Hathaway would not pursue a full acquisition of the company [7][9] - Berkshire Hathaway's shares have performed well, up approximately 10% this year, although they have not outperformed the S&P 500 [11][12] Future Outlook - The transition from Buffett to Abel raises uncertainty about the future direction of Berkshire Hathaway, particularly regarding investment strategies and communication with investors [13][14] - Analysts are keen to observe how Abel's leadership will shape the company's identity, moving away from the Buffett-centric narrative that has defined it for decades [16][17]