Executive Moves

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CEO moves in March 2021 - Highlights

  1. Walgreens Boots Alliance named Rosalind Brewer as its new CEO. She succeeds Stefano Pessina who remains actively involved with the company and transitions to the role of Executive Chairman. Rosalind Brewer’s appointment makes her currently the only female CEO of a Dow Jones company, the only black CEO of a Dow Jones company, and the only black female CEO of a Fortune 500 company (only the second permanent appointment ever, after Ursula Burns of XEROX CORP).
  2. Danone. Embattled CEO Emmanuel Faber was forced to depart after being the target of an activist campaign. Artisan Partners and Bluebell Capital Partners requested Faber’s removal as Danone’s performance has struggled compared to peers like Unilever and Nestle. Danone replaced Faber with two Interim Co-CEOs: Véronique Penchienati-Bosetta who will head Danone International and Shane Grant who will head Danone North America. Véronique Penchienati-Bosetta becomes the first woman to hold a CEO role in Danone and is a veteran of the company, having joined in 1999. Shane Grant joined Danone in 2020 and spent most of his previous career at Coca-Cola, where he joined in 2000.
  3. Apollo Global Management. Leon Black, one of the co-founders and leaders of Apollo since the nineties, abruptly resigned amid controversy over his ties to disgraced financier Jeffrey Epstein. Black had been under pressure for a few years over his ties and publicly stated that Epstein never invested in any of Apollo’s private equity funds. Black later issued a public apology for payments of tens of millions of dollars for consulting and professional services to Epstein. Apollo’s new CEO is Marc Rowan, who is also a co-founder of Apollo and has been involved with the firm since the early nineties.
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