Several distinguished corporations will ring in the brand new 12 months with a recent CEO who officially assumes the role on Latest Yr’s Day.
Corporate succession planning generally is a tumultuous process, and the changing of the calendar 12 months presents an easy opportunity for a corporation’s recent leadership to hit the bottom running from the outset of the 12 months.
Krispy Kreme, Morgan Stanley and Sherwin-Williams are among the many notable corporations that can have recent chief executives take the helm effective Jan. 1, 2024. Here’s a take a look at the three freshly minted CEOs.
Krispy Kreme
Popular doughnut chain Krispy Kreme is welcoming Josh Charlesworth as the brand new president and CEO of the corporate. Charlesworth takes over from Michael Tattersfield, who served as CEO from 2017 through 2023 and can remain on the corporate’s board as a senior adviser and brand ambassador as a part of Krispy Kreme’s succession plan.
Krispy Kreme is welcoming Josh Charlesworth as its recent CEO. Charlesworth succeeds Michael Tattersfield. (Photo Illustration by Justin Sullivan / Getty Images)
Tattersfield said in a press release he “couldn’t be happier to transition the CEO role to Josh” and added: “Transforming the Krispy Kreme brand and culture has been a highlight of my profession, and I’m truly grateful for our amazing Krispy Kremers who proceed to encourage me. Josh’s shared passion for the brand, our Krispy Kremers, and freakin’ awesome doughnuts gives me the utmost confidence in our continued success and I stay up for watching all he’ll accomplish.”
Krispy Kreme is welcoming Josh Charlesworth as its recent CEO. Charlesworth succeeds Michael Tattersfield. AFP via Getty Images
Charlesworth joined Krispy Kreme in 2017 and most recently served as the corporate’s global president and chief operating officer. He previously served as Krispy Kreme’s chief financial officer. He said it’s “each an honor and a privilege” to steer Krispy Kreme, adding: “Together, we’ll proceed to make incredible, fresh doughnuts conveniently available to increasingly more consumers around the globe.”
Morgan Stanley
Financial services and investment banking giant Morgan Stanley will welcome co-president Edward “Ted” Pick as its recent CEO effective on Jan. 1, when he will even join the firm’s board of directors. Pick succeeds James Gorman as Morgan Stanley’s CEO following Gorman’s announcement on the firm’s 2023 annual general shareholder meeting that he intended to step down.
Morgan Stanley’s incoming CEO Ted Pick. REUTERS
Gorman joined Morgan Stanley in 2006 and was elevated to CEO on Jan. 1, 2010, and he’ll transition to the role of executive chairman. He said in a press release that he worked with the board for several years to make sure an orderly transition and said the board’s “collection of Ted Pick is an excellent one.”
“Morgan Stanley is a storied institution, and I’m deeply honored to have been chosen to steer it,” Pick said. He added, “Because of James’ excellent leadership, our firm is now well-positioned to succeed across market cycles, and I’m excited concerning the opportunities for future growth.”
Sherwin-Williams
Heidi Petz will function Sherwin-Williams’ recent CEO, succeeding John Morikis. Christopher Sadowski
Sherwin-Williams – a pacesetter within the manufacture, development, distribution and sale of paint and coatings – named Heidi Petz as the corporate’s recent CEO effective Jan. 1, 2024. Petz has served as the corporate’s president and chief operating officer for the last two years and first joined the corporate in 2017 following Sherwin-Williams’ acquisition of Valspar.
Morikis said of his successor, “Heidi has been a useful member of my leadership team, demonstrating a record of driving growth and operational excellence that has generated increased value for our customers, shareholders and employees. With this transition, Heidi becomes only the tenth CEO within the 157-year history of the corporate.”
