Planned, I'm sure they all were offered and took voluntary retirement packages. They have been trying to merge food and bev forever, so you don't need two presidents of "food and bev" to do that.
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Yep leaving before the big bloodletting.
It’s a good start.
Reggie Haith, was one of them to leave
How much longer with the stagnant stock price be tolerated before Ramon is pushed out?
Ramon isn’t leaving on his own. He is the highest paid CPG CEO. His pay is 140% of the industry average. He continues to receive +20% increases in his total comp every year.
Another in a long list of executives leaving the company - which started about a year ago with Hugh Johnson dipping out. Turnover in the executive ranks is expected but this past year seemed like more than usual.
Other major names who left within the last year - Todd Kaplan (CMO), Kirk Tanner (CEO Beverage), Mike Del Pozzo (President Gatorade), Kalen Thornton (VP Sports & Entertainment Marketing), among others.
Would not be surprised one bit if Ramon dips out and Ram is elevated.
The OP is probably referring to:
"Target on Thursday announced the appointment of longtime PepsiCo vet Jim Lee as its chief financial officer, one of several recent executive moves made by the Minneapolis-based retailer.
Lee, who succeeds Chief Operating Officer Michael Fiddelke, will be responsible for financial planning and analysis, finance capabilities, internal audit, accounting, investor relations, treasury, tax, risk, financial products and services, and corporate development. Fiddelke, who had held the finance post since 2019, was named COO early this year.
Lee brings more than 25 years of experience in finance, strategy, team, and culture leadership at PepsiCo. Most recently as the company’s deputy chief financial officer, he oversaw its global tax, treasury, investor relations, and environmental, social, and governance reporting functions, and led the finance teams for PepsiCo’s international business, comprising about $35 billion in revenue."
Rats live in the dark places and see the rising water first to be able to jump ship.
Division Level or Sector Level?