In 2024, there were 134 unplanned CEO departures at Russell 3000 companies, the most in recent memory. And according to a recent Bloomberg analysis, the price of a CEO transition can be staggering. Let's break down the cost of firing your CEO.Step one, you have to pay the person who was ousted. The median payment to forced out CEOs in 2024 was $6.7% million. This includes payouts for unvested stock awards and other equity based compensation.Step two, you have to pay the incoming CEO. The median signon payme ...

Group 1 - Wendy's CEO Kirk Tanner is stepping down after approximately 14 months in his role and will become the CEO of The Hershey Company starting August 18 [2][4] - Tanner succeeds Michele Buck, who has been CEO of The Hershey Company for seven years and will assist Tanner in a senior advisory role during the transition [4] - Wendy's has appointed Ken Cook, the current CFO, as interim CEO while searching for a permanent replacement [5] Group 2 - Wendy's is facing challenges, including a nearly 31% decline in stock value since the beginning of the year, attributed to fewer sales [8] - Analysts indicate that Tanner's departure comes at a difficult time for Wendy's, as the chain has underperformed compared to its peers [7] - The Hershey Company is also experiencing increased costs due to tariffs and high cocoa prices, although analysts believe significant changes are not necessary for stabilization [10]

Core Viewpoint - D-BOX Technologies Inc. announces the resignation of CEO Sébastien Mailhot and the appointment of Naveen Prasad as interim CEO, effective June 10, 2025, aiming for a smooth transition and continued financial progress [1][3][5]. Group 1: Leadership Transition - Sébastien Mailhot is stepping down after achieving significant financial milestones, contributing to revenue growth and improved profitability during his tenure [2][3]. - Naveen Prasad, with over 25 years of experience in media and technology, will take over as interim CEO, bringing a strong background in driving growth and organizational change [4][5]. - The Board expresses confidence in Prasad's ability to strengthen operational effectiveness and guide the next phase of the Corporation's evolution [5]. Group 2: New Board Appointment - Lori Vaudry Tersigni has been appointed as an independent director, bringing extensive operational and leadership experience from her previous roles at Morneau Shepell and CIBC [6]. Group 3: Financial Outlook - D-BOX is expected to release its financial results for the fourth quarter and full fiscal year ended March 31, 2025, on June 10, 2025 [7].