Adidas, Warner Music and Starbucks. All new CEOs set to take office in 2023
Quartz has compiled a list of top management changes in large international groups. Here are the new CEOs in 2023
They are called CEO, Chief Executive Officer. We call them CEOs. They are the managers who command companies , the temporary decision makers appointed from above to stay on top. The American online journal Quartz , dedicated to economic and financial information, has drawn up a list of changes at the top of the major international groups . There are, among others, Adidas, Under Armour, Warner Music, Maersk, Penguin Random House.
NEW YEAR, NEW CEOS
According to the author of the article, Ananya Bhattacharya, "changes in leadership show that a company needs new energy and new vision, but they can also be worrying". Because strategies, horizons, organizational lines and team reshuffles can be turned upside down. All with possible repercussions, not only social and in terms of production within the company, but also financial ones on the markets.
“But a smooth transition is possible if CEOs take the time to understand their role, listen to and learn from other executives and subordinates, and forge a clear strategy,” Bhattacharya says.
THE ROLE OF CEOS TODAY
However, not everything should be simplified on the figure of the CEO . Who nowadays manages the company, the board of directors, keeps the shareholders at bay and raises the reputation of the company. But try to make this play out within the wider reality, so much so that according to a Korn Ferry survey , 86% of ads see an increasingly close relationship between the company and an external company.
Furthermore, according to the Harvard Business Review , for CEOs "the skills needed to be successful extend beyond traditional command and control tactics to things like influencing without formal authority". And here then is that today's ad "also manages the ecosystem in which their business operates". Customers, suppliers, partners, competitors, governments and their local community.
There are still few managing directors who have already fully adhered to these new "duties", but it is also a transitional phase that must be accompanied.
THE NEW APPOINTMENTS FOR 2023, FROM ADIDAS TO STARBUCKS
Starting from Adidas, which from next year will also be the new technical sponsor of the Italian men's national football team, the new CEO is Bjørn Gulden and takes the place of Kasper Rørsted after nine years in the rival company Puma. Dove has helped rocket sales to over $5 billion annually. Gulden is a former professional soccer player and also acted as CEO at Pandora and Deichmann SE. Now what awaits him? For Quartz, he will have to deal with “launching Yeezy sneakers without Ye, ex Kanye West, being tied to them. Recovering from the slowdown in China due to boycotts and the resurgence of covid. Tackling inventory arrears in western markets, grappling with high inflation”.
In logistics, Maersk will instead be led by Vincent Clerc after the leadership of Søren Skou. Who has already welcomed his successor explaining that “the company has achieved excellent results in recent years. We have never been stronger financially and have an inspiring and visionary plan for the continuation of our global integrator strategy that will drive Maersk for many years to come.”
Robert Kyncl will be the new CEO at Warner Music Group. Ed "is poised to earn $15 million in his first year on the job, depending on performance goals." Not a bad start, after an important past. In fact, Kyncl was YouTube's Chief Business Officer for twelve years.
THE (POSITIVE) CASE OF UNDER ARMOR AND THE OTHER CHOICES AT THE TOP
Going back to sports, the choice of Under Armor is just as interesting. Because the new CEO (starting next February 27) will be Stephanie Linnartz. According to Quartz, it is important by virtue of the anomaly this appointment represents, “in the sea of incoming CEOs who are almost all men: this is not a deviation from the standards of the corporate world. After all, only 6% of CEOs of S&P 500 companies are women. Fortune 500 companies are also largely run by men."
Gender prejudices, the weight of responsibilities and the difficulties of managing work and family are among the factors hindering women's rise to the top. "A study has shown that women tend to be older and have to demonstrate more experience than their male counterparts to obtain a position in the corner office," reports the American portal. Which also mentions another fact: "women occupy top positions for a shorter period of time: the permanence of women in top positions is on average 6.3 years, against 8.4 years for men, as demonstrated by the data from the research company exechange, which compared 20 female CEOs and 300 male departing CEOs”.
Finally, 2023 will bring with it the renewal of the top management of Starbucks, Salesforce, Visa, Shell and Thai Airways. For a year to keep an eye on from the point of view of the evolution of the garments of the big companies.
Article published on policymakermag.it
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/adidas-warner-music-e-starbucks-tutti-i-nuovi-ceo-che-si-insedieranno-nel-2023/ on Sun, 01 Jan 2023 06:12:11 +0000.