Group 1 - Lululemon is facing significant challenges in its core U.S. market, with comparable sales in the Americas declining by 5% in the third quarter, continuing a trend of decreasing relevance among consumers [1] - CEO Calvin McDonald will step down at the end of January 2024, and there is currently no clear succession plan in place as the board searches for a permanent replacement [2] - Activist investor Elliot Investment Management has acquired a stake worth over $1 billion in Lululemon and is advocating for former Ralph Lauren executive Jane Nielsen as the next CEO [4] Group 2 - Chip Wilson, the founder of Lululemon, is attempting to replace members of the board of directors, citing a lack of confidence in their ability to select a suitable CEO [5] - Wilson has nominated three independent directors with substantial product experience, which could enhance the board's capabilities [6] - Lululemon's stock has decreased by approximately 58% from its all-time high, despite a brief rally following the announcement of McDonald's resignation [7] Group 3 - The involvement of both Wilson and Elliot in the CEO search may complicate and prolong the process, highlighting the need for a CEO who can revitalize the company and its culture [8][9]

Key Takeaways Ryder System elevates John J. Diez as CEO effective March 31, 2026, replacing Robert E. Sanchez.R benefited from Sanchez's balanced growth that derisked operations and expanded dedicated transport.Ryder System tapped Diez, a 20-plus-year veteran, signaling continuity rather than a strategic shift.Ryder System (R) announced a well-planned chief executive officer (CEO) succession that ensures leadership continuity and minimizes execution risk. The incumbent CEO, Robert E. Sanchez, will retire on ...

Activist investor Elliott Management amassed a $1 billion stake in Lululemon Athletica as the battle for a new CEO of the yoga retailer heats up, according to a report.A week after Lululemon’s chief executive Calvin McDonald announced that he’s stepping down in January, at least two major investors in the Vancouver-based company are angling to install new leadership at the struggling athleisure company. 4 After seven years as CEO of Lululemon Calvin McDonald is stepping down in January. REUTERSNew York Ci ...

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Just days after Lululemon announced CEO Calvin McDonald would step down, Elliott Investment Management has acquired a more than $1 billion stake in the company and is pushing for former Ralph Lauren executive Jane Nielsen to become CEO of the activewear brand, according to a person familiar with the matter. Nielsen served as Ralph Lauren’s chief operat ...

Woodside Energy has moved quickly to stabilize leadership following the resignation of CEO and Managing Director Meg O’Neill, who is departing to become chief executive of bp p.l.c. The Australian oil and gas producer said senior executive Liz Westcott will step in as Acting CEO effective December 18, 2025, as the board launches a formal search for a permanent successor. Westcott, currently Executive Vice President and Chief Operating Officer for Woodside’s Australian operations, joined the company in mi ...

Leadership Change - Pandora has advanced its planned leadership change, with Berta de Pablos-Barbier set to take over as CEO on 1 January 2026, two months earlier than initially scheduled [1] - The transition process has been described as "exceptionally smooth" by chair Peter Ruzicka, leading to the updated timing [2] New CEO's Vision - Berta de Pablos-Barbier expressed her honor in leading Pandora into its next chapter, focusing on navigating current market turbulence and leveraging untapped opportunities for long-term growth [2] - The company aims to build a bigger Pandora as a full jewellery brand [2] New CMO Appointment - Jennie Farmer will become the new chief marketing officer (CMO) on 1 January 2026, bringing over 25 years of experience from global luxury and consumer brands [3] - Farmer's previous roles include senior positions at De Beers Jewellers and LVMH Estates & Wines, and she began her career in Procter & Gamble's prestige division [4] Transition of Leadership - Alexander Lacik will retire after nearly seven years as president and CEO, having joined Pandora in 2019 and led a significant turnaround for the company [4] - Lacik will continue to support the business as a special adviser to the board and executive leadership team until the Annual General Meeting on 11 March 2026 [5]

Leadership Transition - Corporate giants often face the challenge of finding a successor to a CEO considered irreplaceable [1] - Three strategies can assist in navigating this CEO succession dilemma [1]

Leadership Transition - Corporate giants often face the dilemma of finding a successor to a CEO considered peerless [1] - Three strategies can help companies in this leadership transition [1]

Core Viewpoint - Warren Buffett will step down as CEO of Berkshire Hathaway at the end of the year, with Greg Abel set to take over, raising questions about the company's future performance and stock value post-Buffett [1][2]. Group 1: Succession Planning - Succession planning has been a focus for years due to Buffett's age, with concerns about whether the next CEO can maintain the company's market-beating performance [3]. - Greg Abel has been confirmed as the successor, with a clear timeline for the transition, and is expected to uphold the company's culture and values [4]. Group 2: Market Position and Comparisons - Unlike tech companies that heavily rely on visionary CEOs, Berkshire Hathaway's steady and calculated approach may mitigate risks associated with the CEO change [5][6]. - The example of Apple post-Steve Jobs illustrates that a company can continue to thrive under new leadership, as Tim Cook has led Apple to a market cap of $4 trillion [6]. Group 3: Investment Perspective - Investors should focus on the business rather than just the individual CEO, as strong management teams and established policies can ensure continued success [7]. - Berkshire Hathaway's current trading at 16 times its trailing earnings is considered attractive compared to the S&P 500 average of around 26, suggesting it may be an undervalued long-term buy [10]. - There is potential for improvement in Berkshire's portfolio, which includes slow-growing companies, indicating that leadership changes could lead to better returns [9].

Core Insights - Apple is intensifying its CEO succession planning as Tim Cook, who recently turned 65, may exit as early as next year [1][5][15] - John Ternus, the head of hardware engineering, is emerging as the leading candidate to succeed Cook [2][11][6] Company Performance - Under Cook's leadership, Apple's market capitalization increased tenfold from approximately $350 billion in 2011 to $4 trillion today [9][14] - The company became the first publicly traded U.S. firm to reach a $1 trillion valuation in 2018 and crossed the $2 trillion mark in 2020 [9] Leadership Transition - Ternus has been with Apple since 2001, rising through the ranks to become a vice president and eventually joining the executive team [3][6] - Cook has emphasized the importance of internal succession, expressing a preference for a successor from within the company [15] Product and Service Growth - Cook has been credited with the successful launch of products like the Apple Watch and AirPods, as well as a significant pivot to services, which grew from under $3 billion in fiscal 2011 to over $96 billion in 2024 [12][17] - The services division provides a steady revenue stream to offset slowing iPhone growth [12] Future Outlook - Despite the intensified succession planning, Cook has indicated he is not in a hurry to leave, expressing his enjoyment of his role at Apple [15][16]