Fubo (FUBO) terminated CEO David Gandler after a 77% one-year slide — the sharpest signal in a week with 17 CEO changes and 16 CFO changes.
Activity Pulse — CEO/CFO & Board Transitions
Counts of role transitions across all tracked public companies. YoY compares the trailing 12 months against the 12 months before that.
| Role | This Week | MTD | Last 12 Mo. | Prior 12 Mo. | YoY |
|---|---|---|---|---|---|
| CEO transitions | 5 | 26 | 492 | 464 | +6.0% |
| CFO transitions | 8 | 26 | 702 | 747 | -6.0% |
| Director adds | 20 | 76 | 2,712 | 2,736 | -0.9% |
| Director exits | 48 | 85 | 2,974 | 2,869 | +3.7% |
Underperformance Turns Succession Defensive
Terminations Beat Euphemisms
FuboTV (FUBO) terminated David Gandler‘s CEO employment and put Alisa Bowen in the seat on July 9. This was not succession theater. Shares fell 77% over the past year while the S&P gained 20%, the board rates D, and the company screens as HIGH activist risk after six director exits in five years.
Cyclical Handoffs Carry the Bill
Dow (DOW) elevated Karen Carter to CEO effective July 1. She inherits a C- board and a company at HIGH activist risk, with shares that collapsed 70% from their May 2022 peak and remain down 52.5% over five years.
DOW INC (DOW)Basic Materials
$20.5B · 1Y TSR +0.4% · board C- · activist HIGH
5Y max drawdown: 70.1% (peak 2022-05-23 → trough 2025-10-06)
Karen S. Carter has been appointed as Chief Executive Officer of Dow Inc., effective July 1, 2026, with an increase in her compensation including salary and incentive awards.
Sempra (SRE) moved Justin Bird from Sempra Infrastructure CEO to CFO and sent Karen Sedgwick to lead Southern California Gas. The utility looks steadier on one-year TSR, but the stock collapsed 62% from its September 2022 peak, and the company screens as HIGH activist risk.
SEMPRA (SRE)Utilities
$61.9B · 1Y TSR +30.7% · board B- · activist HIGH
5Y max drawdown: 62.1% (peak 2022-09-05 → trough 2025-03-31)
On July 6, 2026, Justin C. Bird was appointed as the Executive Vice President and Chief Financial Officer, transitioning from the role of Chief Executive Officer of Sempra Infrastructure, while Karen L. Sedgwick is transitioning to Chief Executive Officer and President of Southern California Gas Company.
Energy Builds From Strength
HF Sinclair (DINO) appointed Steven Ledbetter president and COO, while Valerie Pompa took a growth and transformation president role. Ledbetter brings prior Shell Midstream CEO experience, and the stock has recovered from a 58% collapse off its November 2022 peak to a five-year high.
HF SINCLAIR CORP (DINO)Energy
$14.0B · 1Y TSR +79.6% · board A- · activist ELEVATED
5Y max drawdown: 57.6% (peak 2022-11-21 → trough 2025-03-31)
On July 6, 2026, HF Sinclair Corporation appointed Steven Ledbetter as President and Chief Operating Officer and Valerie Pompa as President, Growth, Technology and Transformation, while Franklin Myers remains as CEO.
Franklin Myers, 73, remains CEO rather than placeholder chair. He also sits on Comfort Systems (FIX)‘s board after 21.5 years, giving DINO’s governance footprint a seasoned, not especially fresh, look.
Other C-Suite And Board
CEO Transitions
- Perrigo (PRGO) tapped Albert Manzone as interim CEO after a 58% one-year drop, leaving a C- board to reset credibility.
- BellRing Brands (BRBR) named Michael Axelrod CEO as shares fell 79% in a year, even with no director exits in five years.
CFO Transitions
- Ultra Clean (UCTT) hired Michael Keogh as CFO into strength: shares surged 331% in a year, far beyond the S&P.
- United Natural Foods (UNFI) named Alfredo Luchini CFO, its second finance chief in three years, after a 108% one-year rally.
Board / Director Changes
- LifeStance Health (LFST) swapped one director for three after five exits in five years; Jeffrey Rhodes drew 86.8% support in 2024.
- MasTec (MTZ) added Manuel Miranda, also on CenterPoint Energy’s board, while its longest director tenure sits at 32 years.
Sector Turnover Rates — Where the Churn Concentrates
Share of each sector’s public companies that saw a CEO or CFO transition in the window. Cells colored on each column’s actual min-max spread — darker = more activity, not better or worse. (Industry-typical CEO turnover runs ~10–15% annually; a low rate may indicate stability or stagnation.)
| Sector | # Co. | CEO · 30D | CEO · 1Y | CFO · 30D | CFO · 1Y |
|---|---|---|---|---|---|
| Consumer Defensive | 155 | 5.2% | 26.5% | 1.9% | 24.5% |
| Energy | 130 | 2.3% | 19.2% | 3.1% | 23.8% |
| Basic Materials | 171 | 3.5% | 17.5% | 3.5% | 21.6% |
| Consumer Cyclical | 355 | 2.8% | 16.3% | 3.4% | 23.9% |
| Industrials | 420 | 3.3% | 14.8% | 1.9% | 21.0% |
| Technology | 483 | 1.4% | 14.5% | 3.3% | 21.5% |
| Healthcare | 790 | 1.9% | 14.4% | 3.0% | 20.6% |
| Communication Services | 129 | 0.0% | 13.2% | 2.3% | 14.7% |
| Financial Services | 554 | 2.2% | 12.5% | 2.2% | 13.7% |
| Real Estate | 223 | 0.9% | 9.0% | 1.8% | 14.3% |
Beyond the headline
Consumer Defensive Ran Hot
Consumer Defensive was the hottest C-suite sector with five CEO/CFO transitions, a split tape that paired strength at United Natural Foods (UNFI) with pressure at BellRing Brands (BRBR) and Perrigo (PRGO).
Energy— 1 company
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$14.0B · +79.6% 1Y · Board A- · ELEVATED activist risk
On July 6, 2026, HF Sinclair Corporation appointed Steven Ledbetter as President and Chief Operating Officer and Valerie Pompa as President, Growth, Technology and Transformation, while Franklin Myers remains as CEO.(view source)
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Utilities— 1 company
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$61.9B · +30.7% 1Y · Board B- · HIGH activist risk
On July 6, 2026, Justin C. Bird was appointed as the Executive Vice President and Chief Financial Officer, transitioning from the role of Chief Executive Officer of Sempra Infrastructure, while Karen L. Sedgwick is transitioning to Chief Executive Officer and President of Southern California Gas Company.(view source)
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Basic Materials— 4 companies
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$20.5B · +0.4% 1Y · Board C- · HIGH activist risk
Karen S. Carter has been appointed as Chief Executive Officer of Dow Inc., effective July 1, 2026, with an increase in her compensation including salary and incentive awards.(view source)
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$665.3M · +89.6% 1Y · Board C- · LOW activist risk
The fiscal 2026 AIP award payouts were approved for several named executive officers including Mark A. Smith as CEO, Neal S. Shah as CFO, and Scott Honan as COO, along with their respective award amounts.(view source)
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$256.4M · -49.4% 1Y · Board D · HIGH activist risk
Robert J. Willette was terminated from his position as CEO of enCore Energy Corp. effective April 20, 2026, and a Separation Agreement was executed on July 8, 2026.(view source)
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$2.6B · +16.6% 1Y · Board C- · ELEVATED activist risk
On June 30, 2026, Steven Dassing resigned from his position as Vice President, Corporate Controller and Principal Accounting Officer, effective July 22, 2026, and Mr. Coler will take over as Principal Accounting Officer from that date.(view source)
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Communication Services— 3 companies
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$1.0B · -77.3% 1Y · Board D · HIGH activist risk
On July 9, 2026, Alisa Bowen was appointed as CEO of FuboTV, while David Gandler’s employment as CEO was terminated and he resigned from the Board.(view source)
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$196.4B · -20.4% 1Y · Board B- · HIGH activist risk
Chris Sambar is appointed as Chief Enterprise Officer, André Almeida transitions to Chief Marketing, Brand, and Broadband Officer, Michael J. Katz is exiting as Chief Business and Product Officer, and Dr. John Saw’s role is expanding.(view source)
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$257.2M · -61.4% 1Y · Board D · HIGH activist risk
Austin Kaplicer is resigning as Chief Accounting Officer, effective August 6, 2026, with Scott Jakalow being promoted to the role on the same date; additionally, Julie Hoarau is designated as Principal Accounting Officer, effective August 6, 2026.(view source)
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Healthcare— 20 companies
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$30.4B · +133.5% 1Y · Board C- · HIGH activist risk
On July 6, 2026, Michael McDonnell was appointed as a Class II Director of Moderna, effective July 8, 2026, while David Rubenstein transitioned from the Audit Committee to the Nominating and Corporate Governance Committee.(view source)
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$40.4B · +74.3% 1Y · Board B+ · LOW activist risk
Monica Bertagnolli is resigning from the Board of Directors of Natera, Inc. effective July 1, 2026, due to her new position with the National Academy of Medicine.(view source)
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$1.4B · -58.5% 1Y · Board C- · HIGH activist risk
On June 7, 2026, Albert A. Manzone was appointed as the Interim President and Chief Executive Officer of Perrigo Company plc, with an employment agreement effective on July 3, 2026.(view source)
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$5.4B · +258.1% 1Y · Board B · LOW activist risk
On July 6, 2026, Sandra Calvin announced her retirement as Chief Accounting Officer, and John Torell will transition into that role as her successor.(view source)
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$4.2B · +127.4% 1Y · Board C · ELEVATED activist risk
On July 2, 2026, Jeffrey Rhodes exited the Board of Directors, and Thurman Justice, Lori Goltermann, and Safwan Shabab entered the Board of Directors in his place.(view source)
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$2.5B · +16.0% 1Y · Board D · HIGH activist risk
On July 9, 2026, Biohaven Ltd. announced leadership transitions for Bruce Car and David Pirman, effective July 13, 2026.(view source)
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$2.2B · +72.7% 1Y · Board C- · LOW activist risk
Lynn Seely, M.D. was appointed as a new Class III Director of AbCellera Biologics Inc., effective June 30, 2026.(view source)
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$1.1B · -61.1% 1Y · Board C · HIGH activist risk
On July 6, 2026, Andrew Levin, M.D., Ph.D. resigned as a Director of Vor Biopharma Inc., and on July 7, 2026, David Zaccardelli, Pharm.D. was appointed as a Director to fill the vacancy left by Dr. Levin’s departure.(view source)
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$782.5M · -56.0% 1Y · Board B- · ELEVATED activist risk
On July 7, 2026, Donn Casale was appointed CEO and a Class III director, replacing Richard Lowenthal who was terminated without cause.(view source)
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$3.0B · +75.3% 1Y · Board C · ELEVATED activist risk
William Turner is transitioning to Special Advisor for Regulatory Affairs while Nancy Bowman is entering as Chief Regulatory Officer at Vera Therapeutics, Inc.(view source)
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$723.7M · +6.2% 1Y · Board D · HIGH activist risk
On July 3, 2026, Jeremy Bender, Ph.D., M.B.A., was unanimously appointed as a Class II director of Aura Biosciences, Inc., effective July 7, 2026, increasing the Board size from six to seven members.(view source)
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$12.8B · -11.1% 1Y · Board C · HIGH activist risk
On July 6, 2026, Julie Coletti resigned as Executive Vice President, Chief Legal and Regulatory Officer of Align Technology to join Illumina, Inc. as Chief Legal Officer, effective August 1, 2026.(view source)
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$3.5B · +31.0% 1Y · Board C · HIGH activist risk
On July 6, 2026, Shawn Morris resigned from his position as a member of the Board of Directors of Privia Health Group, Inc., effective immediately.(view source)
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$53.7B · — 1Y · Board UN · LOW activist risk
On July 7, 2026, Stephen L. Miller announced his retirement as Chief Operating Officer of Medline Inc., effective August 30, 2026.(view source)
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$500.1M · +8.8% 1Y · Board D · ELEVATED activist risk
Christopher M. Smith resigned from the Board of Pacific Biosciences effective immediately on July 8, 2026.(view source)
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$47.3M · -71.1% 1Y · Board C- · ELEVATED activist risk
Effective July 7, 2026, Hyperion DeFi, Inc. entered into new employment agreements with Hyunsu Jung, David Knox, and Robert Rubenstein.(view source)
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$2.6M · -59.4% 1Y · Board D · HIGH activist risk
John Spencer is appointed as the Chief Financial Officer of Oragenics, Inc., effective July 1, 2026.(view source)
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$12.7M · — 1Y · Board D · ELEVATED activist risk
Dr. Joe Xiao was appointed to the Board of Directors of Picard Medical, effective June 23, 2026, and also joined the Compensation and Nominating and Corporate Governance Committees.(view source)
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$20.2M · -56.7% 1Y · Board C- · ELEVATED activist risk
On June 30, 2026, Longeveron Inc. appointed Marie Washburn as Senior Vice President and CFO, effective July 13, 2026, following the resignation of Lisa Locklear who will step down from her role on July 10, 2026. Additionally, Dr. Arjun ‘JJ’ Desai was appointed to the Board of Directors on July 2, 2026.(view source)
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$4.5M · -93.5% 1Y · Board D · HIGH activist risk
On July 2, 2026, Matt Link exited from the Board of Directors, while Kathleen Rubins, Ph.D., entered as a Class III director on July 8, 2026.(view source)
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Consumer Cyclical— 6 companies
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$560.3M · +336.1% 1Y · Board A · LOW activist risk
On July 1, 2026, XMax Inc. approved salary increases and amendments to employment agreements for executives Xiaohua Lu, Yizhou Zhao, and Jeffery Chuang.(view source)
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$2.6B · +21.5% 1Y · Board C- · LOW activist risk
Frank Scognamiglio has been appointed as Corporate Vice President, Chief Accounting Officer effective July 9, 2026, succeeding Christopher Caridi who will remain as Senior Vice President until his retirement in April 2027.(view source)
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$1.2B · +56.9% 1Y · Board B+ · LOW activist risk
On July 6, 2026, Liquidity Services, Inc. announced the retirement of Novelette Murray as Chief Human Resources Officer and the appointment of Karen Fascenda as her successor, effective the same day.(view source)
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$1.4B · +35.3% 1Y · Board C- · ELEVATED activist risk
In connection with the Merger, several individuals exited the board while four were appointed as new directors effective as of the Effective Time.(view source)
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$6.1B · +0.6% 1Y · Board C- · ELEVATED activist risk
Courtney Mather has resigned from the Board of Directors of Caesars Entertainment, effective July 6, 2026.(view source)
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$17.9M · -90.3% 1Y · Board D · HIGH activist risk
On July 6, 2026, Aleksandr Zhandov was appointed Chief Operating Officer and Deputy Chief Executive Officer at Sadot Group Inc.(view source)
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Technology— 9 companies
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$4.8B · +331.3% 1Y · Board A- · LOW activist risk
Michael Keogh will become the Chief Financial Officer of Ultra Clean Holdings, Inc., effective August 5, 2026.(view source)
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$32.9B · -77.4% 1Y · Board C · HIGH activist risk
Jeanine Montgomery retired as the Vice President & Chief Accounting Officer, and Andrew Kang was designated as the principal accounting officer.(view source)
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$27.5B · -69.8% 1Y · Board C- · HIGH activist risk
On July 7, 2026, Dhivya Suryadevara resigned as President of Fiserv, while Andrew Gelb and Srini Krish were appointed as interim leaders of the Financial Solutions business.(view source)
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$40.8B · +120.5% 1Y · Board A- · LOW activist risk
On July 6, 2026, Jason Phillips announced his retirement from his position at Celestica Inc., and Steven Dorwart succeeded him as President, Connectivity and Cloud Solutions, effective immediately.(view source)
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$2.7B · -71.8% 1Y · Board B- · HIGH activist risk
Kyndryl Holdings, Inc. appointed Ellen Johnson as Chief Financial Officer and Andrew Bonzani as General Counsel and Secretary, both effective July 1, 2026.(view source)
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$6.6B · -39.8% 1Y · Board C · HIGH activist risk
On July 8, 2026, Paycom Software, Inc. appointed Craig E. Boelte and William Kerber to its Board of Directors, increasing the board size from six to eight directors.(view source)
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$507.3M · -38.6% 1Y · Board C- · ELEVATED activist risk
Cynthia Paul has been elected as a Class I director on Yext, Inc.’s Board, effective July 7, 2026, to fill a vacancy.(view source)
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$2.3B · +24.3% 1Y · Board B · LOW activist risk
On July 6, 2026, John M. Lutz was appointed to the Board of Directors, increasing the Board size from eight to nine directors.(view source)
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$14.2M · -75.3% 1Y · Board C- · HIGH activist risk
Michael D. Hill is retiring as CFO effective July 27, 2026, and David Tamez is appointed as Interim CFO effective the same date.(view source)
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Consumer Defensive— 5 companies
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$2.9B · +108.1% 1Y · Board A- · LOW activist risk
On July 7, 2026, United Natural Foods, Inc. announced multiple personnel changes, including appointments of new executives and a transition of a current executive.(view source)
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$1.4B · -78.9% 1Y · Board C- · ELEVATED activist risk
On July 8, 2026, Michael Axelrod was appointed as President and CEO of BellRing Brands, succeeding Darcy H. Davenport, who is retiring and transitioning to an advisor role.(view source)
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$282.4B · +5.5% 1Y · Board A- · LOW activist risk
Massimo Andolina will become Group CFO effective August 1, 2026, succeeding Emmanuel Babeau, who will transition to Strategic Advisor until March 31, 2027.(view source)
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$8.6B · -19.7% 1Y · Board C- · ELEVATED activist risk
Robert Austin is exiting the role of principal operating officer effective July 7, 2026, while Eric Foss is entering the role of principal operating officer on the same date.(view source)
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$41.8M · -93.5% 1Y · Board D · HIGH activist risk
On July 3, 2026, Jolie Kahn exited her role as Chief Executive Officer of AVAX One Technology Ltd., and Peter Wylie Jr. is entering the role of interim CEO while continuing as Chief Operating Officer.(view source)
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Industrials— 9 companies
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$30.4B · +127.2% 1Y · Board A · LOW activist risk
On June 30, 2026, Mr. Manuel Benito Miranda was appointed as a Class II director and to the Compensation Committee of the Board of Directors.(view source)
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$12.9B · +124.7% 1Y · Board A- · LOW activist risk
Mr. Carl R. Christenson was elected as a Class A director of Moog Inc., effective July 1, 2026.(view source)
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$1.3B · +21.2% 1Y · Board B+ · LOW activist risk
On July 8, 2026, Mr. Richard Soloway transitioned from Chairman and CEO to Founder and Executive Chairman, while Mr. Kevin Buchel transitioned from President and COO to CEO and President.(view source)
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$759.3M · +140.4% 1Y · Board B+ · LOW activist risk
On July 7, 2026, Park Aerospace Corp. terminated Cory Nickel as Senior Vice President and General Manager and appointed John Jamieson to the same role.(view source)
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$26.2B · -40.5% 1Y · Board B- · HIGH activist risk
On July 8, 2026, Copart announced the appointment of Jane Pocock as the new President effective August 1, 2026, transitioning from her role as CEO of Copart’s United Kingdom operations.(view source)
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$2.0B · -27.6% 1Y · Board C · HIGH activist risk
Greg Lucas is joining Alamo Group Inc. as Vice President, Corporate Controller and Chief Accounting Officer, replacing Agnes Kamps as the principal accounting officer; Kamps remains as CFO.(view source)
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$6.0B · +12.2% 1Y · Board C · ELEVATED activist risk
On July 6, 2026, Mr. Robert A. Nerbonne and Ms. Cathy T. McCarthy resigned from their positions as Directors of the Company to serve on the Board of Directors of Midera, while Mr. Matthew R. Fuchsen resigned as Chief Development Officer of the Company to become Chief Strategy Officer of Midera.(view source)
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$39.3M · -36.2% 1Y · Board D · ELEVATED activist risk
On July 2, 2026, Mike Schmidt resigned as CEO and Director of Nixxy, Inc., while David Kratochvil was appointed as the new CEO and will continue as a member of the Board.(view source)
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$35.7M · +2.1% 1Y · Board C · HIGH activist risk
On July 1, 2026, Charles Weiser was appointed Chief Financial Officer of 374Water Inc., and Adrienne Anderson resigned from her role as Interim Chief Financial Officer.(view source)
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Financial Services— 11 companies
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$128.2B · -13.0% 1Y · Board C · ELEVATED activist risk
Steven Kemps is retiring from his role as Executive Vice President, Chief Legal Officer effective December 31, 2026, and will transition to the role of Special Advisor to the CEO if a successor is appointed before his retirement date.(view source)
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$41.7B · -57.6% 1Y · Board D · ELEVATED activist risk
On July 8, 2026, Paul Grewal announced his intention to step down as Chief Legal Officer and Secretary, effective July 31, 2026, while Molly Abraham is expected to be appointed as General Counsel and Secretary.(view source)
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$15.1B · +20.2% 1Y · Board C+ · HIGH activist risk
Laura Cockrill was appointed as the Executive Vice President and Chief Financial Officer of Reinsurance Group of America, transitioning from her previous role as Chief Strategy Officer, effective June 22, 2026.(view source)
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$4.7B · -14.7% 1Y · Board C · HIGH activist risk
Andrew M. Alper is retiring from the Board of Directors effective July 7, 2026, while Kathy Elsesser is being appointed to the Board of Directors and the Compensation Committee effective July 7, 2026.(view source)
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$1.2B · +13.8% 1Y · Board C- · LOW activist risk
Neelam Patel is exiting as CFO on July 6, 2026, with Neil Adler entering as CFO on July 9, 2026.(view source)
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$3.8B · +32.0% 1Y · Board C · ELEVATED activist risk
Mr. Kirk D. Jensen’s employment as Executive Vice President and General Counsel/Corporate Secretary was terminated involuntarily effective July 9, 2026.(view source)
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$1.4B · +12.7% 1Y · Board C- · ELEVATED activist risk
H. Charles Maddy, III is retiring as President of Burke & Herbert Financial Services Corp. and Burke & Herbert Bank & Trust Company effective June 30, 2026.(view source)
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$1.2B · +23.0% 1Y · Board B+ · LOW activist risk
Effective July 7, 2026, John Williams, Jr. resigned from the Board of Directors of Old Second Bancorp, Inc.(view source)
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$991.4M · +42.1% 1Y · Board B- · LOW activist risk
Gary Olson is resigning from the Board of Directors of CNB Financial Corporation and its subsidiary, effective July 31, 2026.(view source)
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$907.8M · +28.8% 1Y · Board C+ · LOW activist risk
Camden National Corporation appointed Katherine W. Brunelle as Executive Vice President, Chief Credit Officer, effective July 1, 2026, succeeding Ryan A. Smith, who has been named Executive Vice President, Commercial Banking.(view source)
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$89.9M · -39.1% 1Y · Board D · HIGH activist risk
On July 6, 2026, Sui Group Holdings Limited appointed Ms. Kristina Campbell as a Director and Chair of the Audit Committee.(view source)
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Real Estate— 4 companies
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$56.1B · +15.1% 1Y · Board B · LOW activist risk
Chris Sambar resigned as Chief Operating Officer of Public Storage effective at the end of July to join T-Mobile as Chief Enterprise Officer.(view source)
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$148.7M · -13.7% 1Y · Board C- · HIGH activist risk
On July 1, 2026, Adam Metz continues to serve as Chief Executive Officer and President of Seritage Growth Properties under an amended and restated employment agreement.(view source)
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$5.4M · -87.2% 1Y · Board D · HIGH activist risk
On July 1, 2026, James D. Burnham resigned from the Board of Directors and was employed as Director of Growth & M&A at RenX Enterprises Corp.(view source)
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$3.4M · -17.4% 1Y · Board D · LOW activist risk
On July 6, 2026, Brent Morrison was appointed as an independent trustee of Power REIT, effective immediately.(view source)
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Activist risk and board ratings are derived from Boardroom Alpha’s proprietary scoring. Activist risk is forward-looking — a quantitative estimate of likelihood of activist engagement, not a current campaign. Board ratings reflect the average tenure-quality score of focal directors. TSR and S&P 500 spreads are annualized.