Weekly Executive & Director Moves (Nov 25)

by | Nov 25, 2022

Boardroom Alpha provides in-depth analytics and tracking of all public company executives and officers. Below is a rundown of people moves made at notable companies this past week. Get a demo today to see how you can receive real-time alerts and in-depth analytics.

Moves in this Issue

CEO

AERI, DIS, HZN, IE, MKL, MKTW, PACW, SYM, TEVA, ULBI

CFO

AERI, BOCN, D, IE, PACW

Directors

AGS, ALKT, ANF, BOCN, CCRN, CLR, CMCT, DBI, DIS, EFSC, FND, FXLV, GEG, HZN, IE, INTC, IVC, KRBP, LAUR, MDU, MKL, MKTW, MTD, PHUN, PLRX, RBCAA, SOFO, SRT, SYM, TEVA, U, ULBI, VECO, WAT, WCN, WEJO, WNC

Highlights

  • Walt Disney Co. (DIS) with the stunner of the week as Bob Iger returns as CEO to take over from his failed successor Bob Chapek. A little bit of boardroom drama as CFO Christine McCarthy reportedly helped persuade the board to make a change
  • Terry Gohl resigned as CEO at Horizon Global (HZN) with Board Chair John C Kennedy being appointed interim CEO as the company conducts a broader search and remains focused on strategic alternatives
  • Barbara Novick, a Co-Founder of BlackRock Inc. (BLK), will join the board of Intel Inc. (INTC) in December

CEO Moves

HORIZON GLOBAL CORP (HZN)
Leaving: CEO – Terry Gohl ( 3.2 yrs; -43.4% TSR)
Replaced by: John C Kennedy

Mr. Kennedy, age 64 was appointed to the Board in April 2019, and has served as Chair of the Board since his appointment. Mr. Kennedy is currently president and chief executive officer of Autocam Medical, a privately held contract manufacturer of precision-machined implants and instruments for surgical applications, which he founded in 2005. Mr. Kennedy previously served as the president and ch…read full bio

IVANHOE ELECTRIC INC (IE)
Leaving: CEO – Robert Jct Friedland ( .4 yrs; 25.3% TSR)
Replaced by: Taylor Melvin

Mr. Melvin has over 20 years of experience in the natural resources sector as a senior corporate development professional and investment banker. He was most recently Vice President, Corporate Development for Freeport McMoRan Inc. (NYSE: FCX), a leading international mining company focused on copper, headquartered in Arizona. Prior to joining Freeport-McMoRan in 2008, Mr. Melvin was an Executive…read full bio

MARKEL CORP (MKL)
Leaving: CEO – Richard R Whitt III ( 6.9 yrs; 4.8% TSR)
Replaced by: Resigned as Co-CEO


MARKETWISE INC (MKTW)
Leaving: CEO – Mark Arnold ( 1.3 yrs; -64.4% TSR)
Replaced by: Stephen D Sjuggerud

Dr. Sjuggerud joined the Company in 2001 and is the editor of our True Wealth franchise of publications. He has served as a member of our Board of Directors since July 2021. Dr. Sjuggerud has published investment research continuously since 1996, and prior to that, was a stockbroker, a vice president of a global mutual fund, and worked for a New York hedge-fund with $900 million in assets under ma…read full bio

PACWEST BANCORP (PACW)
Leaving: CEO – Matthew P Wagner ( 17.6 yrs; .2% TSR)
Replaced by: W Taylor Paul

PAUL W. TAYLOR Mr. Taylor was chief executive officer, president and director of Opus Bank, a California-chartered bank, which subsequently merged into Pacific Premier Bank, a California-chartered bank, from 2019 until 2020. He was chief executive officer, president and director of Guaranty Bancorp, a publicly traded financial institution, and chief executive officer and chairman of the board of d…read full bio

SYMBOTIC INC (SYM)
Leaving: CEO – Michael J Loparco ( .4 yrs; 18.2% TSR)
Replaced by: Richard B Cohen

Richard B. Cohen, Chairman, President and Chief Product Officer Effective as of the Closing, Mr. Cohen was elected as a Director of the Company and the Board appointed him as President and Chief Product Officer. Mr. Cohen served as Chairman of Warehouse from December 2006 and as President of Symbotic LLC from November 2017 until the Closing. Mr. Cohen served as Chief Executive Officer of Symbotic …read full bio

WALT DISNEY CO (DIS)
Leaving: CEO – Robert Chapek ( 2.8 yrs; -12.3% TSR)
Replaced by: Robert A Iger

ROBERT A. IGER CHAIRMAN AND CHIEF EXECUTIVE OFFICER, THE WALT DISNEY COMPANY Mr. Iger, 68, contributes to the mix of experience and qualifications the Board seeks to maintain primarily through his position as Chairman and Chief Executive Officer of the Company and his long experience with the business of the Company. As Chairman and Chief Executive Officer and as a result of the experience he gain…read full bio

CFO Moves

BLUE OCEAN ACQUISITION CORP (BOCN)
Leaving: CFO – Ankur Manglik ( 1.0 yrs; 1.3% TSR)
Replaced by: Matt Lasov

Matt Lasov is an accomplished finance and strategy executive in the professional services and technology industries, with a strong track record of growing and operating businesses globally. From October 2021 through July 2022, Mr. Lasov served as the Chief Strategy Officer at ConsumerDirect, a financial technology company in the money, credit, and privacy spaces. Prior to ConsumerDirect, from Febr…read full bio

DOMINION ENERGY INC (D)
Leaving: CFO – James R Chapman ( 4.0 yrs; .8% TSR)
Replaced by: Steven D. Ridge

Mr. Ridge, age 42, has served as Vice President and General Manager–Western Distribution of the Company and its subsidiaries since October 2021. Prior to that, Mr. Ridge served as Vice President – Investor Relations from April 2019 to September 2021 and Director – Investor Relations from October 2017 to March 2019. From March 2014 to September 2017, Mr. Ridge he…read full bio

IVANHOE ELECTRIC INC (IE)
Leaving: CFO – Catherine Anne Barone ( .6 yrs; 25.3% TSR)
Replaced by: Quentin Markin

Mr. Markin is a seasoned mining lawyer with 24 years’ experience, all with the Canadian firm Stikeman Elliott LLP, where he has been a partner since 2008. Over his career, he has lived and practiced in the world’s mining centers – Sydney, London, Vancouver and Toronto. Mr. Markin’s practice focused on M&A, project development and financing matters for mining companies globally and has been recogni…read full bio

Director Joins

CREATIVE MEDIA & COMMUNITY TRUST CORP (CMCT)
John Hope Bryant

Mr. Bryant is chairman and chief executive officer of Bryant Group Ventures and The Promise Homes Company (“TPHC”), the largest for-profit minority-controlled owner of institutional-quality, single-family residential rental homes in the U.S. Bryant founded TPHC as a start-up idea in t…read full bio

CROSS COUNTRY HEALTHCARE INC (CCRN)
Venkat Bhamidipati

Mr. Bhamidipati, 56, was most recently Executive Vice President and the Chief Financial Officer of McAfee where he helped lead their IPO and oversaw the finance, IT, and security operations and teams that support McAfee’s business worldwide. Prior to McAfee, Venkat was an Executive Vice Pre…read full bio

INTEL CORP (INTC)
Barbara Novick

Ms. Novick, 62, co-founded BlackRock, Inc. in 1988 and continued as its Vice Chairman until February 2021 when she transitioned to Senior Advisor. From 1988 to 2009, Ms. Novick headed the Global Account Management Group at Blackrock and oversaw global business development, mar…read full bio

IVANHOE ELECTRIC INC (IE)
Taylor Melvin

Mr. Melvin has over 20 years of experience in the natural resources sector as a senior corporate development professional and investment banker. He was most recently Vice President, Corporate Development for Freeport McMoRan Inc. (NYSE: FCX), a leading international mining company focused on copp…read full bio

MDU RESOURCES GROUP INC (MDU)
German Carmona Alvarez

Carmona is global president, applied intelligence, at John Wood Group PLC, which provides consulting, project management and engineering solutions to the energy and built environment industries. His previous experience includes executive positions with Neoris, Cemex and the Boston Consult…read full bio

PHUNWARE INC (PHUN)
Russell Buyse

Mr. Buyse, age 58, currently serves as Chief Operating Officer of GlobaliD, a company focused on building a future where people control every aspect of their digital identity. From December 2019 to December 2020, he served as Client Se…read full bio

WABASH NATIONAL CORP (WNC)
Sudhanshu Shekhar Priyadarshi

Mr. Priyadarshi was the Senior Vice President and Chief Financial Officer of Vista Outdoor Inc., a designer, manufacturer, and marketer of outdoor sports and recreation products, from April 2020 until November 2022. Prior to joining the Company, Mr. Priyadarshi served as the Chief Financial Offic…read full bio

WALT DISNEY CO (DIS)
Robert A Iger

ROBERT A. IGER CHAIRMAN AND CHIEF EXECUTIVE OFFICER, THE WALT DISNEY COMPANY Mr. Iger, 68, contributes to the mix of experience and qualifications the Board seeks to maintain primarily through his position as Chairman and Chief Executive Officer of the Company and his long experience with the busine…read full bio

WALT DISNEY CO (DIS)
Carolyn Everson

Ms. Everson most recently served as President of Instacart. Prior to that role, she was Vice President of the Global Business Group at Facebook, now known as Meta, where she led the global marketing solutions team focused on top strategic accounts and global agencies, as well as media strategy,…read full bio

WATERS CORP (WAT)
Daniel J Brennan

In his current role as Executive Vice President and Chief Financial Officer of Boston Scientific Corporation, Mr. Brennan is responsible for several company functions, including global controllership, global internal audit, corporate finance, treasury, corporate tax, investor relations, and …read full bio

WATERS CORP (WAT)
Mark P Vergnano

Mr. Vergnano currently serves as a Partner at Sea Shell Partners. He previously served as the Chairman, President and Chief Executive Officer of The Chemours Company. Prior to that, he held roles of increasing responsibility at E.I. Dupont De Nemours & Company, cul…read full bio

ZENDESK INC (ZEN)
John Geschke

JOHN GESCHKE 52 Chief of Staff Mr. Geschke has served as our Chief of Staff since November 2019 and served as our Chief Legal Officer from May 2017 to January 2021. Mr. Geschke served as our Senior Vice President, Administration from October 2015 to November 2019 and as our General Counsel and Secre…read full bio

Director Exits

ABERCROMBIE & FITCH CO (ANF)
Terry Lee Burman ( 8.8 yrs; -3.7% TSR)
Committees: Executive

ALKAMI TECHNOLOGY INC (ALKT)
Michael D Hansen ( 1.7 yrs; -52.3% TSR)

ALKAMI TECHNOLOGY INC (ALKT)
Merline Saintil ( 1.7 yrs; -52.3% TSR)

BLUE OCEAN ACQUISITION CORP (BOCN)
Ankur Manglik ( 1.0 yrs; 1.3% TSR)

CONTINENTAL RESOURCES INC (CLR)
John T McNabb II ( 12.5 yrs; 10.0% TSR)
Committees: Audit, Compensation, Nominating (and Governance), Nominating, Environmental, Social & Governance

CONTINENTAL RESOURCES INC (CLR)
Mark E Monroe ( 21.0 yrs; 16.3% TSR)
Committees: Audit, Compensation, Nominating (and Governance), Nominating, Environmental, Social & Governance

CONTINENTAL RESOURCES INC (CLR)
Ellis L McCain ( 16.3% TSR)
Committees: Audit, Compensation, Nominating, Environmental, Social & Governance

CONTINENTAL RESOURCES INC (CLR)
Timothy Garth Taylor ( 3.0 yrs; 37.4% TSR)
Committees: Audit, Compensation

CONTINENTAL RESOURCES INC (CLR)
William B Berry ( 8.5 yrs; 1.8% TSR)
Committees: Audit, Compensation, Nominating (and Governance)

CONTINENTAL RESOURCES INC (CLR)
Shelly Lambertz ( 4.8 yrs; 9.4% TSR)
Committees: Nominating (and Governance), Nominating, Environmental, Social & Governance

ENTERPRISE FINANCIAL SERVICES CORP (EFSC)
Tony Scavuzzo ( 3.7 yrs; 5.9% TSR)
Committees: Compensation, Risk

F45 TRAINING HOLDINGS INC (FXLV)
Chris Payne ( 1.3 yrs; -70.0% TSR)

FLOOR & DECOR HOLDINGS INC (FND)
Kathleen Scarlett ( 2.8 yrs; 14.9% TSR)
Committees: Compensation

GREAT ELM GROUP INC (GEG)
Thomas S Harbin ( 5.1 yrs; -10.0% TSR)
Committees: Audit

HORIZON GLOBAL CORP (HZN)
Terry Gohl ( 3.2 yrs; -43.4% TSR)

INVACARE CORP (IVC)
Susan H Alexander ( 5.9 yrs; -38.7% TSR)
Committees: Nominating (and Governance), Regulatory and Compliance

KIROMIC BIOPHARMA INC (KRBP)
Francis X Tirelli ( .8 yrs; -86.9% TSR)

LAUREATE EDUCATION INC (LAUR)
William L Cornog ( 5.8 yrs; 8.5% TSR)
Committees: Compensation, Nominating (and Governance)

MARKEL CORP (MKL)
Richard R Whitt III ( 6.3 yrs; 4.3% TSR)

MARKETWISE INC (MKTW)
Mark Arnold ( 1.3 yrs; -64.4% TSR)

METTLER TOLEDO INTERNATIONAL INC (MTD)
Oliver A Filliol ( 14.3 yrs; 23.6% TSR)

PLAYAGS INC (AGS)
Daniel Evan Cohen ( 5.5 yrs; -21.0% TSR)

PLAYAGS INC (AGS)
David Sambur ( 5.0 yrs; -21.0% TSR)

PLIANT THERAPEUTICS INC (PLRX)
Neil Exter ( 7.4 yrs; -7.3% TSR)
Committees: Compensation

REPUBLIC BANCORP INC (RBCAA)
Craig Greenberg ( 10.0% TSR)
Committees: Audit, Compensation, Nominating (and Governance)

SONIC FOUNDRY INC (SOFO)
Frederick H Kopko Jr ( 26.9 yrs; -13.4% TSR)

STARTEK INC (SRT)
Julie Schoenfeld ( 3.8 yrs; -15.2% TSR)
Committees: Audit, Compensation

SYMBOTIC INC (SYM)
Michael J Loparco ( .4 yrs; 18.2% TSR)

TEVA PHARMACEUTICAL INDUSTRIES LTD (TEVA)
Kare Schultz ( 5.1 yrs; -9.8% TSR)

ULTRALIFE CORP (ULBI)
Michael D Popielec ( 11.9 yrs; -2.1% TSR)

UNITY SOFTWARE INC (U)
Alyssa Henry ( 4.1 yrs; -38.2% TSR)

WALT DISNEY CO (DIS)
Robert Chapek ( 2.6 yrs; -1.3% TSR)
Committees: Executive

WEJO GROUP LTD (WEJO)
Alan Masarek ( 1.0 yrs; -88.5% TSR)

<a href="https://www.boardroomalpha.com/author/draps/" target="_self">David Drapkin</a>

David Drapkin

Spent his formative years at Goldman Sachs and now embraces the start-up life in NYC. A long suffering Oakland (Las Vegas) Raiders fan and graduate of the Wharton School at the University of Pennsylvania. Semi-professional go-kart racer waiting for his shot.

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