Michael Fiddelke, chief operating officer, to succeed Brian Cornell as chief executive officer and join Target's Board of Directors Cornell, chair and chief executive officer, to serve as executive chair of Target's Board of Directors Appointments effective Feb. 1, 2026MINNEAPOLIS, Aug. 20, 2025 /PRNewswire/ -- Target Corporation (NYSE: TGT) today announced the company's Board of Directors has unanimously elected Michael Fiddelke, chief operating officer, to succeed Brian Cornell as chief executive office ...

Core Viewpoint - Alamo Group Inc. has announced the appointment of Robert P. Hureau as the new President and CEO, effective September 2, 2025, succeeding Jeffery A. Leonard, who is retiring after serving since 2021 [1][4]. Company Overview - Alamo Group is a leader in the design, manufacture, distribution, and service of high-quality equipment for vegetation management, infrastructure maintenance, and other applications [5]. - The company was founded in 1969 and has approximately 3,800 employees, operating 27 plants across North America, Europe, Australia, and Brazil as of June 30, 2025 [5]. Leadership Background - Robert P. Hureau has extensive leadership experience in the industrial and life science sectors, with a proven track record in scaling businesses and delivering significant returns [1][2]. - Prior to joining Alamo Group, Hureau served as CEO of American Trailer World, where he successfully merged two businesses, executed numerous acquisitions, and led the sale of its aftermarket parts distribution business [2][3]. - Hureau has also held executive positions at Pharmaceutical Product Development and Sensata Technologies, focusing on financial leadership [3]. Board's Perspective - The Board of Directors expressed confidence in Hureau's relevant experience and leadership capabilities to guide Alamo Group in its next growth phase [4]. - Hureau expressed enthusiasm about joining Alamo Group, highlighting the company's strong business model and talented management team [4].

Core Insights - Shares of Novo Nordisk (NVO) increased by 5% on June 10 due to news that activist hedge fund Parvus Asset Management is building a stake in the company to influence the appointment of a new CEO [1][9] - The company's previous CEO, Lars Fruergaard Jørgensen, stepped down following a mutual agreement with the board amid market challenges and a decline in share price [2][3] - Year-to-date, Novo Nordisk's shares have decreased by 6.7%, contrasting with the industry's growth of 3.1% [4] Company Developments - Novo Nordisk's semaglutide products, including Ozempic and Wegovy, have gained significant market traction, with Wegovy recently receiving FDA approval to reduce heart disease risk [6] - Upcoming presentations at the American Diabetes Association (ADA) 85th Scientific Sessions will include data from the STEP UP trial for a higher dose of Wegovy and full results from phase III REDEFINE studies on CagriSema [7][8] - The company is also set to present data on the pipeline candidate amycretin, showcasing its commitment to obesity innovation [10] Competitive Landscape - Novo Nordisk faces intense competition in the obesity market from Eli Lilly (LLY), which has seen success with its obesity drugs [11] - To address competitive pressures, Novo Nordisk is developing new obesity treatments and has submitted a regulatory application for oral semaglutide 25 mg for obesity, with a decision expected around year-end [12]

Core Viewpoint - Novo Nordisk is undergoing a leadership change with Lars Fruergaard Jørgensen stepping down as CEO, amid recent market challenges and a decline in share price since mid-2024 [2][3][4]. Group 1: Leadership Changes - Lars Fruergaard Jørgensen will continue as CEO temporarily to ensure a smooth transition to new leadership while a search for his successor is ongoing [2][4]. - Lars Rebien Sørensen, chair of the Novo Nordisk Foundation, will join the Novo Nordisk Board as an observer, with plans to be nominated for election as a board member in 2026 [5][8]. - The decision for a CEO succession was made jointly by the Novo Nordisk Board and Lars Fruergaard Jørgensen, reflecting the best interests of the company and its shareholders [4][6]. Group 2: Company Performance - Under Lars Fruergaard Jørgensen's leadership over the past eight years, Novo Nordisk's sales, profits, and share price have nearly tripled [3][7]. - The company has established itself as a leader in diabetes care and has diversified into other serious chronic diseases [7][8]. Group 3: Future Outlook - The Novo Nordisk Board remains confident in the company's strategy and business plans despite the leadership changes [6]. - The Novo Nordisk Foundation, which controls 77% of the votes in the company, is actively involved in the governance and strategic direction of Novo Nordisk [12].

Core Viewpoint - Harley-Davidson emphasizes the importance of its Board's skills and experience in selecting the next CEO and driving future growth, while criticizing H Partners' campaign as harmful and disingenuous, potentially jeopardizing shareholder value [1][3][4]. Group 1: Board and Management - The Board and management are dedicated to preserving Harley-Davidson's legacy and are actively transforming the business to enhance shareholder value [2]. - Each Director nominee possesses critical skills and institutional knowledge necessary for selecting a strong CEO, with experience in leadership, manufacturing, and successful business transformations [6][9]. - The current Board has a well-defined CEO search process and is committed to governance best practices, ensuring a smooth leadership transition [19][30]. Group 2: H Partners' Campaign - H Partners has been accused of launching a misleading campaign that undermines the Board's efforts and shareholder interests, particularly after their preferred CEO candidate did not gain majority support [4][19]. - The campaign is characterized as lacking constructive solutions and primarily aimed at gaining control over the Board rather than benefiting shareholders [15][19]. - H Partners previously supported the current CEO and Board decisions, raising questions about the motivations behind their recent actions [3][19]. Group 3: Company Performance - Despite facing one of the most challenging operating environments in its history, Harley-Davidson has outperformed its peers, with operating margins of 13% and free cash flow as a percentage of EBITDA at 70% [19][30]. - Recent product upgrades have led to a 12% increase in retail sales for certain models through the first nine months of 2023, indicating successful management execution [20].

Core Viewpoint - Tesla and CEO Elon Musk are refuting a report that claimed the company's board is actively searching for a successor, emphasizing their confidence in Musk's leadership despite recent challenges [1][4][5]. Financial Performance - Tesla reported a significant decline in revenue and net income for Q1 2025, with total revenue falling 9% year-over-year to $19.34 billion, missing analyst forecasts of $21.11 billion [6][9]. - Revenue from Tesla's core automotive business dropped 20% to $14 billion, attributed to lower average selling prices, increased sales incentives, and temporary factory shutdowns [8][9]. - Net income plummeted 71% to $409 million, or 12 cents per share, compared to $1.39 billion, or 41 cents per share, during the same period last year [9]. Market Reaction - The report about a potential CEO search led to an immediate reaction from investors, causing Tesla's stock to drop as much as 3% in after-hours trading before partially recovering [2][13]. - Since the beginning of 2025, Tesla shares have decreased by over 30%, reflecting investor concerns regarding the company's margins and Musk's divided focus due to his involvement in other initiatives [11]. Board's Position - Tesla's board chair, Robyn Denholm, publicly denounced the report as false and reiterated the board's confidence in Musk's ability to lead the company [4][5][12]. - Despite the challenges, the board has no current plans to search for a new CEO, signaling stability in leadership for the time being [12].

Core Viewpoint - Tesla's board and CEO Elon Musk strongly refuted a Wall Street Journal report suggesting that the board was searching for a new CEO due to concerns over Musk's involvement in the Trump administration and the company's declining stock price [1][2][3]. Group 1: Board's Response - Tesla Chair Robyn Denholm labeled the Wall Street Journal report as "absolutely false" and stated that the board had communicated this to the publication prior to the article's release [3]. - Denholm affirmed Musk's position as CEO and expressed the board's confidence in his ability to lead the company's growth plans [4]. Group 2: Musk's Commitment - During a recent earnings call, Musk indicated he would be dedicating significantly more time to Tesla starting next month, although he did not fully commit to stepping back from his government role [5]. - Musk mentioned he would continue to allocate one to two days per week to government matters as long as the President desired his involvement [5].

Core Viewpoint - Tesla has denied a report claiming that its board sought to replace Elon Musk as CEO amid declining car sales and backlash against his political activities [1][2][5]. Group 1: Board and Leadership - Robyn Denholm, Tesla's board chair, stated that the report about contacting recruitment firms for a CEO search is false and that the board is confident in Musk's leadership [1][2]. - The report suggested that some board members may have acted independently in seeking a successor, but it remains unclear if this was a collective board action [4]. Group 2: Financial Performance - Tesla reported a significant profit drop of 71% in Q1 2023, with profits falling to $409 million from $1.39 billion in the same period in 2022 [6]. - The company's stock has declined, losing about 25% of its market value this year [6]. Group 3: Political Context and Market Reaction - Musk's political activities, including his support for the far-right Alternative for Germany (AfD) party, have led to backlash and protests, impacting sales in key markets [5]. - Concerns have been raised regarding Musk's time management, as he oversees multiple companies, including SpaceX and X (formerly Twitter) [8].

Core Viewpoint - Goldman Sachs shareholders approved substantial pay packages, including $160 million in retention bonuses for CEO David Solomon and President John Waldron, despite recommendations against such compensation from proxy adviser Glass Lewis [1][2][3]. Compensation Approval - The approval for executive compensation received 66% support from shareholders, a decrease from 86% the previous year, indicating growing concerns over pay alignment with performance [3][4]. - The retention bonuses for Solomon and Waldron are designed to secure their leadership roles, with the bonuses vesting over five years [3][5]. Financial Performance - Goldman Sachs reported a significant increase in earnings per share, reaching $40.54 in 2024, a 77% rise from the previous year, attributed to a rebound in deal-making and record equities revenue [5]. Economic Outlook - CEO Solomon highlighted the uncertain economic outlook, emphasizing the importance of feedback from various stakeholders to foster economic certainty and long-term growth [6]. Shareholder Proposals - Shareholders voted against all individual proposals, including one aimed at eliminating "discriminatory" diversity, equity, and inclusion goals related to compensation [8][12]. - Goldman Sachs clarified that meeting diversity hiring or promotion goals does not influence compensation decisions for senior management [9]. Succession Planning - The board's actions suggest that Waldron is positioned as a likely successor to Solomon, reflecting ongoing CEO succession discussions across major financial institutions [3][10].