Content about Succession planning

January 23, 2013

PetSmart announced its planned management succession plan. The company said that following its annual shareholders meeting on June 14, 2013, current president and COO David K. Lenhardt will be promoted to CEO and simultaneously join the board of directors.

Phoenix -- PetSmart on Tuesday announced its planned management succession plan. The company said that following its annual shareholders meeting on June 14, 2013, current president and COO David K. Lenhardt will be promoted to CEO and simultaneously join the board of directors. At that time, current chairman and CEO Bob Moran will vacate the CEO's chair and become executive chairman.

October 19, 2012

Lowe's Cos. is seeking to hire two senior executives that could play a role in its CEO succession plan, according to the Associated Press.

New York -- Lowe's Cos. is seeking to hire two senior executives that could play a role in its CEO succession plan, according to the Associated Press.

The chain is looking for a chief merchandising officer and a head of supply chain. The positions were left vacant in May due to a reorganization.

Lowe’s is looking both internally and externally, the report said.

 

September 27, 2012

Tractor Supply Co. said that, as part of its planned management succession, current president and COO Gregory Sandfort will assume the role of president and CEO, effective Jan. 1.

Brentwood, Tenn. -- Tractor Supply Co. said Thursday that, as part of its planned management succession, current president and COO Gregory Sandfort will assume the role of president and CEO, effective Jan. 1. He will also be appointed to the board of directors at that time.

Current chairman and CEO James Wright will be appointed executive chairman of the board with a one-year term.

Prior to his tenure at Tractor Supply, Sandfort was president and COO of Michaels Stores.

June 16, 2011

A poll from the Society of Human Resource Management, released Thursday, showed that the number of U.S. organizations with a formal succession plan in place decreased during the past five years from 29% in 2006 to 23% in 2011.

Alexandria, Va. -- A poll from the Society of Human Resource Management, released Thursday, showed that the number of U.S. organizations with a formal succession plan in place decreased during the past five years from 29% in 2006 to 23% in 2011.

While less than a quarter of businesses have a formal plan in place, the numbers improve when informal plans are considered. More than one-third, or 38%, of human resources professionals said their organization currently has an informal succession plan or process in place (up from 29% in 2006).

March 7, 2011

This year has already seen a reshuffling at the top of several large retailers, including Gap, CVS and Wal-Mart, and more changes are expected. 


March 31, 2008

Quite possibly the most popular person at the second annual Main & Wall conference...