Anna Marie Presutti, a seasoned tourism industry leader, has been appointed as the new President and CEO of San Francisco Travel, the city’s official destination marketing organization. Presutti, who previously served as interim CEO, brings over two decades of experience to the role and is committed to restoring the city’s convention business and promoting its diverse attractions.
Starbucks CEO Brian Niccol has issued a statement outlining the company’s approach to unionization and announced plans to revamp the in-store experience. The company is working with Workers United to create a framework for single-store contracts and emphasizes a commitment to engaging constructively with unions. While facing falling sales and increased unionization efforts, Starbucks is also looking to return to its core values of community and in-store experience.
CRH PLC announced that CEO Albert Manifold will retire at the end of 2024, and will be succeeded by Jim Mintern, the company’s Chief Financial Officer. Manifold joined CRH in 1998 and became CEO in 2014. Mintern has been CRH’s CFO since 2021.
Stellantis, the Italian automaker, is searching for a new CEO to replace Carlos Tavares, whose contract expires in 2026. This comes amidst a period of declining profits and criticism from both dealers and the UAW union. The company is facing challenges in North America, with shrinking market share and operational issues, leading to a significant drop in profits for the first half of 2024.
Melissa DaSilva, a veteran travel industry leader, has been appointed as the interim CEO of TTC Tour Brands, taking over from Gavin Tollman. DaSilva’s extensive experience and leadership will guide the company through a period of transition as it prepares for a change in ownership later this year.
Meta CEO Mark Zuckerberg has recently been seen sporting luxurious watches and designer attire, a noticeable departure from his usual casual style. This shift has sparked speculation about the reason behind this change and its potential impact on Meta’s brand image.
Nike Inc. has appointed Elliott Hill as its new CEO, sparking optimism among investors due to his extensive experience and understanding of the company’s culture. Analysts are cautiously optimistic, believing Hill’s appointment could lead to a turnaround, but acknowledging the challenges Nike faces with stalled revenue growth and increasing competition. They are eager to see Hill’s plans for reviving the brand and driving future growth at the upcoming Investor Day in November.
Nike Inc. (NKE) has appointed veteran executive Elliott Hill as its new CEO, aiming to revive sales by mending relationships with key retail partners. Hill’s appointment comes as John Donahoe steps down after focusing on direct-to-consumer sales, a strategy criticized for alienating retailers. Nike aims to regain market share by emphasizing performance products and introducing budget-friendly sneakers, signaling a renewed focus on its retail network.
Nike shares soared in after-hours trading on Thursday following the announcement of a CEO transition. Longtime Nike veteran Elliott Hill will take the helm as president and CEO, effective October 14th, replacing John Donahoe who is retiring. Hill’s experience and leadership style, coupled with his deep understanding of Nike’s industry and partners, were cited as key factors in his selection.
Toronto-Dominion Bank (TD) announced the retirement of its long-serving CEO, Bharat Masrani, and the appointment of Raymond Chun as his successor. The transition comes amidst ongoing investigations into money-laundering controls at TD’s US branches and the fallout from a failed acquisition.
