Walmart announced a series of executive changes on Friday as John Furner prepares to take over as CEO of the world's largest retailer on February 1, ‌replacing Doug McMillon.The moves ‌aim to maintain the Bentonville, Arkansas-based retailer's growth momentum and bellwether position in the industry by promoting four longtime executives and expanding their responsibilities. David ‌Guggina will become CEO of Walmart's largest division, Walmart U.S., replacing Furner in that role. Currently serving as chief ...

This story was originally published on MedTech Dive. To receive daily news and insights, subscribe to our free daily MedTech Dive newsletter. Name: Matt Osberg New title: CFO, Inspire Medical Systems Previous title: CFO, Apogee Enterprises Inspire Medical Systems has appointed Matt Osberg as CFO, filling a vacancy created when Rick Buchholz left at the end of last year. The obstructive sleep apnea company revealed Buchholz’s plans and began searching for a replacement in August. Buchholz agreed to continu ...

Hilton Food Group has introduced a new regional leadership structure, appointing two chief operating officers for its Eastern and Western operations. In a statement today (8 January), the UK-headquartered private-label supplier said the changes “reflect the ongoing structure and development” of the company. The move follows changes at the top level of the London-listed business. Former chief executive Steve Murrells left the group in late November, around two years after his predecessor, Philip Heffer, ...

Core Viewpoint - BP is appointing Meg O'Neill as its new CEO, marking the fourth leadership change in six years, indicating a focus on continuity rather than a shift in strategic direction [2][4]. Leadership Changes - Meg O'Neill will take over as CEO on April 1, 2025, succeeding Murray Auchincloss, who served for less than two years [2][5]. - Auchincloss, who was previously CFO, attempted to reverse the previous CEO Bernard Looney's strategy and refocus on core gas and oil operations while addressing the company's significant debt [4][7]. Strategic Focus - The leadership change reflects a need for a more aggressive approach in the U.S. market and a commitment to reducing debt, particularly in light of pressures from activist investors like Elliott Management [7][8]. - O'Neill's experience at Woodside Energy, particularly in expanding LNG assets, is seen as beneficial for BP's strategic direction [7]. Financial Performance - BP's share price has increased by 56% over the past five years, despite challenges such as low oil prices, with Brent crude currently trading around $60 per barrel [9].

This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. Dive Brief: BP has appointed oil industry veteran Meg O’Neill as its next CEO, effective April 1, 2026, the fueling giant and convenience retailer announced Wednesday evening. Murray Auchincloss, who has been BP’s chief executive since January 2024, is stepping down effective Thursday. Carol Howle, BP’s executive vice president, supply, trading and shipping, will ...

Group 1 - Netflix has appointed Dani Dudeck as the new chief communications officer, effective mid-January [1] - Rachel Whetstone, the former chief communications officer, left Netflix in October 2024 after serving since 2018 [1] - The company is entering a critical period where effective messaging will be essential, particularly regarding a potential acquisition of Warner Bros. [2] Group 2 - Dudeck expressed enthusiasm about joining Netflix, highlighting the company's cultural impact and creativity [3] - Prior to joining Netflix, Dudeck held senior roles at Instacart, Zynga, and MySpace, showcasing her extensive experience in communications [3] - The departure of Whetstone and Dean Garfield, VP of Public Policy, indicates a shift in the company's communications strategy [1]

Core Insights - Ulta Beauty has appointed Christopher DelOrefice as the new Chief Financial Officer, effective December 5, following the departure of former CFO Paula Oyibo in June [3][7] - The company is undergoing significant leadership changes, including the appointment of a new CEO, Kecia Steelman, and other key executives, as part of its strategy to enhance performance and stakeholder value [4][5] Company Performance - Ulta Beauty reported a 9.3% year-over-year increase in Q2 net sales, reaching $2.8 billion, and raised its full-year guidance in August [5][6] - The growth is partly attributed to the acquisition of U.K. retailer Space NK, marking a significant global expansion for Ulta [5] Executive Background - Christopher DelOrefice joins Ulta from Becton Dickinson & Company, where he served as CFO since 2021, and has over 20 years of experience at Johnson & Johnson [7] - DelOrefice's compensation package includes an annual base salary of $980,000 and a sign-on cash payment of $1 million [7]

Core Viewpoint - Amcor PLC has appointed Stephen R. Scherger as the new CFO, reaffirming its financial outlook for fiscal year 2026 while experiencing a slight increase in share price during pre-market trading [1][5]. Leadership Changes - Stephen R. Scherger, previously CFO of Graphic Packaging Holding Co., will assume the role of executive vice president and CFO effective November 10 [2]. - Scherger has a strong background in the packaging industry, having doubled net sales to nearly $9 billion and tripled net income at his previous company [2]. - He replaces Michael Casamento, who served as CFO for 10 years and is returning to Australia but will remain an advisor until June 30, 2026 [4]. Compensation Details - Scherger's compensation includes a $1 million annual base salary, a $500,000 sign-on bonus, and $2.3 million in retention equity [4]. Financial Outlook - Amcor reaffirmed its guidance for fiscal year 2026, expecting adjusted earnings per share (EPS) between 80 and 83 cents, indicating a 12-17% growth on a constant currency basis [5]. - Free cash flow for fiscal 2026 is projected to be between $1.8 billion and $1.9 billion, with first-quarter adjusted EPS expected to be in the range of 18 to 20 cents [6]. Stock Performance - Over the past year, Amcor's stock has declined by 29.55%, with a market capitalization of $18.05 billion and an average daily trading volume of 21.17 million shares [8]. - The stock has a price-to-earnings (P/E) ratio of 24.43 and offers a dividend yield of 6.52% [8].

Core Points - Comcast has appointed Michael J. Cavanagh as co-CEO alongside current chairman and CEO Brian L. Roberts, effective January [1][2] - Cavanagh has been with Comcast since 2015, previously serving as CFO and president, and is recognized for his collaborative leadership style [2][3] - The leadership transition aims to support Comcast's strategic pivot to drive growth across its diverse media and broadband services [3][4] Company Overview - Comcast is the world's second-largest broadcasting and cable television provider, owning NBCUniversal and various streaming products under brands like NBC, Telemundo, Universal, and Peacock [4] - The company also provides WiFi and broadband services through Xfinity, Comcast Business, and Sky [5] - Recently, Comcast announced a spin-off of its cable-oriented NBCUniversal outlets, including NBC News and the Peacock streaming service, following Disney's acquisition of Comcast's stake in Hulu [5] Leadership Background - Cavanagh previously co-led the corporate investment division at JPMorgan Chase and served as its CFO during the 2008 financial crisis, showcasing his financial acumen [3][4] - Roberts expressed confidence in Cavanagh's ability to lead the company during a transformative period in the media industry [3][4] Industry Context - Comcast's leadership changes follow a trend in the industry, as seen with Oracle's recent appointment of dual CEOs [6] - The company is also undergoing branding changes, such as the rebranding of MSNBC to "My Source News Opinion World" as part of its spin-off into a new media company, Versant [6]

Core Insights - Nestlé's Chairman Paul Bulcke will resign on October 1, following the recent firing of CEO Laurent Freixe, indicating ongoing leadership instability at the company [1][2][3] Leadership Changes - Bulcke, who has been chairman since 2017, was initially set to leave in April 2024 but decided to step down earlier due to investor pressure regarding the company's performance [2] - Vice Chair Pablo Isla will take over as chairman after Bulcke's departure [2] - The company appointed Philipp Navratil, head of Nespresso, as the new CEO, marking the third CEO change in just over a year [3][4] Company Performance - Nestlé has faced sluggish sales in recent years attributed to internal missteps and reduced consumer spending due to inflation [5] - The company's shares have declined by 35% since the beginning of 2022, reflecting investor concerns over its performance and strategic direction [5]