#ceo-succession

#ceo-succession

Lowman will remain on APM's board of directors, a company news release confirmed. As part of the transition, Payant will assume the role of chairman of the board while maintaining oversight of the company's strategic direction. Dustin Sheppard, who currently serves as APM's president, will step into the role of CEO and succeed Payant. Sheppard has been credited with advancing operational efficiency, driving strategic initiatives and strengthening APM's culture of collaboration during his tenure.

"CEOs often hesitate to bring [succession] up to the board. They don't want to lose their standing, and so we end up at a standstill," Bargmann said.

Doug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers,

Doug was a visionary leader whose relentless drive, innovation and passion transformed the financial services landscape, touching the lives of millions of consumers,

At McKinsey, recruits rotate across industries and geographies, dissecting sprawling problems and creating and defending solutions before skeptical executives. General Electric built its reputation on world-class management programs that groomed future chiefs through exacting operating roles. PepsiCo and Procter & Gamble are legendary for giving young managers full P&L responsibility early and demanding sharp marketing instincts. JPMorgan Chase exposes rising leaders to complex global markets, risk management, and high-stakes client relationships.

GSK tells investors: Luke is a highly respected, experienced global biopharma leader, having worked at senior levels in the US, Europe and Asia, at AstraZeneca, Roche and Sanofi-Aventis, prior to joining GSK. This experience, and significant contribution to GSK, mean he is exceptionally well-qualified to lead the company, and to deliver the patient and shareholder value inherent in the company's future ambitions.

During his 24-year career at Molson Coors, Goyal has been a driving force behind many of the company's most successful recent ventures, serving in executive roles across information technology, finance and strategy. He started in Golden, Colo., at Coors Brewing Co. and has held several global leadership roles such as chief information officer for Molson Coors in the UK and chief financial officer for Molson Coors in India.

Opendoor's stock surged by 429% in one week, driven by meme stock subreddits, but fell by nearly 50% shortly after, indicating market volatility.

"CEO succession is the board's No. 1 job. In my experience, across hundreds of companies, businesses rise or fall with decisions on CEO succession."