Posts Tagged ‘estate’
by Jeffrey Clark on April 10, 2012
It happens all the time. A CEO is facing two or more positions a succession plan against each other with a winner and the other is likely to leave the company CEO competing offers.
There was a long and Karadzic succession saga after the retirement of Jack Welch of GE. The race is between James McNerny, Bob Nardelli and Jeff Immelt, all internal candidates from within the ranks of GE. Immelt has finally prevailed and is always the position of President and CEO. But Bob Nardelli left to become CEO of Home Depot and Chrysler while McNerney became CEO of 3 m and Boeing. Even in our industry, the trend is common. Chris Viehbacher has lost the race to succeed JP Garnier at Glaxosmithkline Andrew Witty. Witty is President & CEO of GSK. Viehbacher left to run Sanofi.
Thus, after losing the race to succeed Bill Weldon as CEO of Johnson & Johnson 60 days ago, Sheri McCoy resigned to become CEO of Avon.
McCoy as its new Chief Executive took advantage of vendor products cosmetics fighting Monday. The announcement put an end to a four-month search to replace embattled CEO Andrea Jung, who came under fire for not braking the company refuses and conclude an investigation into corruption.
The movement ends a year 30 to McCoy in J J & and continues the promotion of Alex Gorsky Weldon to succeed. Focusing on pharmaceuticals and consumer products, the movement of the Avon is not surprising, especially for a strong CEO candidate. Your time is singular; However, in the Avon, recently rejected an offer of $10 (b) of Coty, a small manufacturer of cosmetics.
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