New year, new CEOs for these major companies

Published

5 months ago

January 3, 2024

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Several prominent companies will ring in the new year with a new CEO who officially assumes the role on New Years Day.

Corporate succession planning can be a tumultuous process, and the changing of the calendar year presents a straightforward opportunity for a companys new leadership to hit the ground running from the outset of the year.

Krispy Kreme, Morgan Stanley and Sherwin-Williams are among the notable companies that will have new chief executives take the helm effective Jan. 1, 2024. Heres a look at the three freshly minted CEOs.

Popular doughnut chain Krispy Kreme is welcoming Josh Charlesworth as the new president and CEO of the company. Charlesworth takes over from Michael Tattersfield, who served as CEO from 2017 through 2023 and will remain on the companys board as a senior adviser and brand ambassador as part of Krispy Kremes succession plan.

Krispy Kreme is welcoming Josh Charlesworth as its new 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 career, and I am truly grateful for our amazing Krispy Kremers who continue to inspire me. Joshs shared passion for the brand, our Krispy Kremers, and freakin awesome doughnuts gives me the utmost confidence in our continued success and I look forward to watching all hell accomplish.”

Charlesworth joined Krispy Kreme in 2017 and most recently served as the companys global president and chief operating officer. He previously served as Krispy Kremes chief financial officer. He said its “both an honor and a privilege” to lead Krispy Kreme, adding: “Together, we will continue to make fantastic, fresh doughnuts conveniently available to more and more consumers around the world.”

Financial services and investment banking giant Morgan Stanley will welcome co-president Edward “Ted” Pick as its new CEO effective on Jan. 1, when he will also join the firms board of directors. Pick succeeds James Gorman as Morgan Stanleys CEO following Gormans announcement at the firms 2023 annual general shareholder meeting that he intended to step down.

Gorman joined Morgan Stanley in 2006 and was elevated to CEO on Jan. 1, 2010, and he will transition to the role of executive chairman. He said in a press release that he worked with the board for several years to ensure an orderly transition and said the boards “selection of Ted Pick is an outstanding one.”

“Morgan Stanley is a storied institution, and I am deeply honored to have been chosen to lead it,” Pick said. He added, “Thanks to James excellent leadership, our firm is now well-positioned to succeed across market cycles, and I am excited about the opportunities for future growth.”

Sherwin-Williams a leader in the manufacture, development, distribution and sale of paint and coatings named Heidi Petz as the companys new CEO effective Jan. 1, 2024. Petz has served as the companys president and chief operating officer for the last two years and first joined the company in 2017 following Sherwin-Williams acquisition of Valspar.

Morikis said of his successor, “Heidi has been an invaluable 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 in the 157-year history of the company.”

Sports

Keys to the offseason: What’s next for the Bruins, Avs, other eliminated teams?

Published

59 mins ago

May 18, 2024

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Keys to the offseason: What's next for the Bruins, Avs, other eliminated teams?

Ryan S. Clark
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Ryan S. Clark

NHL reporter
Kristen Shilton
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Kristen Shilton

ESPN NHL reporter

May 18, 2024, 02:00 AM ET

The 2023-24 NHL regular season was an entertaining one, with races for playoff position, point and goal leaders, and major trophies all coming down to the bitter end.

But not every fan base got to enjoy all of it so much.

With eliminations piling up, it’s time to look ahead to the offseason. Clubs that didn’t quite hit the mark this season will use the draft, free agency and trades in an effort to be more competitive in 2024-25.

Read on for a look at what went wrong for each eliminated team, along with a breakdown of its biggest keys this offseason and realistic expectations for next season. Note that more teams will be added to this story as they are eliminated.

Note: Profiles for the Atlantic and Metro teams were written by Kristen Shilton, while Ryan S. Clark analyzed the Central and Pacific teams. Stats are collected from sites such as Natural Stat Trick, Hockey Reference and Evolving Hockey. Projected cap space per Cap Friendly. Dates listed with each team are when the entry was published.

Jump to a team:
ANA | ARI | BOS | BUF
CGY | CAR | CHI | COL
CBJ | DET | LA | MIN
MTL | NSH | NJ | NYI
OTT | PHI | PIT | SJ
SEA | STL | TB | TOR
VGK | WSH | WPG

World

Ron Benjamin: Body of Israeli hostage kidnapped during cycling trip on 7 October found in Gaza, IDF says

Published

2 hours ago

May 18, 2024

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Ron Benjamin: Body of Israeli hostage kidnapped during cycling trip on 7 October found in Gaza, IDF says

The body of an Israeli hostage who was captured by Hamas militants while on a cycling trip has been recovered from Gaza, the Israeli military has said.

The Hostages and Missing Families Forum said Ron Benjamin, 53, was riding his bike in the Kibbutz Be’eri in Israel when he was taken hostage during the 7 October attack.

The group said he was a “family man who loved cycling” and that he “used to go out for a ride every Saturday, just as he did on that fateful Saturday when he was taken hostage”.

It added: “Ron loved traveling in Israel and around the world, and he loved music.”

The Israeli military said on Saturday that Mr Benjamin’s body was recovered by its forces operating in Gaza.

Chief military spokesperson Rear Admiral Daniel Hagari said Mr Benjamin was “brutally murdered by Hamas terrorists at the Mefalsim Intersection, and his body was kidnapped to Gaza”.

Mr Hagari said Mr Benjamin were found along with three other murdered hostages whose repatriation was announced on Friday.

The remains of Itzhak Gelerenter, 56, Amit Buskila, 28, and Shani Louk, 22, were discovered in an overnight operation carried out by Israel’s military and intelligence agency Shin Bet, Mr Hagari said.

They were killed at the Nova music festival on the day of the Hamas attack.

The Israeli military, citing intelligence information, has said all four hostages were killed on 7 October.

They were among the 252 people seized by Hamas-led Palestinian gunmen during the attack.

This breaking news story is being updated and more details will be published shortly.

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You can receive breaking news alerts on a smartphone or tablet via the Sky News app. You can also follow @SkyNews on X or subscribe to our YouTube channel to keep up with the latest news.

Business

Marks & Spencer’s website and app go down

Published

3 hours ago

May 18, 2024

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Marks & Spencer's website and app go down

Marks & Spencer’s website and app has not been working for several hours, with a message telling shoppers “you can’t shop with us right now”.

“We’re working hard to be back online as soon as possible,” it adds.

All the menus and images have disappeared apart from one showing a model in a green jacket.

Customers trying to use the app got the message: “Sorry you can’t shop through the app right now. We’re busy making some planned changes, but will be back soon.”

The site is understood to have been down for several hours.

Replying to one customer on X, the retailer said: “We’re experiencing some technical issues but we are working on it.”

M&S is the latest high street name to have technical issues – last month some Sainsbury’s shoppers had problems with their online orders.

The outage comes a few days before M&S is expected to reveal a big jump in annual profits.

It’s been a successful year for the brand, with strong sales across the business following a turnaround plan that has included store closures and cost cutting.