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Factbox-Recent leadership changes at global consumer goods companies
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Factbox-Recent leadership changes at global consumer goods companies
Nov 24, 2025 7:08 AM

(Reuters) -Kohl's Corp named retail veteran Michael Bender as its permanent CEO on Monday, in the company's fourth appointment to the top job in three years.

Bender was named interim CEO in May after the company fired Ashley Buchanan after just 100 days in the role, following an investigation finding he had pushed for deals with a vendor with whom he had a personal relationship.

Bender takes the post as the department store operator tries to turn weak sales around amid stiff competition from e-commerce firms and big-box retailers.

The move is the latest in a string of leadership changes sweeping through the retail sector as companies tackle tariff pressures, an uncertain economy and a choppy consumer spending backdrop.

Here are some examples of major CEO changes among global consumer goods companies in the past year.

Company Date of Details

Announcement

Kohl's November 24, Kohl's Corp

Corp 2025 named

retail veteran

Michael Bender as its permanent

CEO, after he served as the

interim chief since May.

Bender replaced

Ashley Buchanan, former CEO who

was

fired

for personal

relationship with a vendor.

Walmart ( WMT ) November 14, The company said Doug McMillon,

2025 who has been heading the retail

bellwether since 2014, will

retire in January 2026.

John Furner,

McMillon's successor, currently

serves as CEO of Walmart U.S.

and has held leadership roles

at the company.

Nestle  August 23, Nestle dismissed its CEO,

2025 Laurent Freixe, a year after

appointing him, following an

investigation into an

undisclosed romantic

relationship with a direct

subordinate that breached the

company's code of conduct.

Freixe was replaced by Philipp

Navratil, CEO of Nestle

Nespresso, on September 1.

Target ( TGT ) August 20, The retailer named longtime

2025 company veteran Michael

Fiddelke as its CEO, replacing

retail industry bigwig Brian

Cornell, effective February 1,

2026.

Procter & July 28, 2025 Procter & Gamble ( PG ) CEO said CEO

Gamble  Jon Moeller is stepping away

from the role, to be succeeded

by Chief Operating Officer

Shailesh Jejurikar.

Diageo   July 16, 2025 The Johnnie Walker whisky and

Guinness beer maker's CEO,

Debra Crew, stepped down after

two years in the job, with

finance chief Nik Jhangiani

taking over in the interim.

Kenvue  July 14, 2025 The Band-Aid and Tylenol maker

fired its CEO Thibaut Mongon,

laying what some investors

expect will be the groundwork

for an eventual sale of the

entire company or pieces of it,

and named director Kirk Perry

as interim CEO.

Hindustan July 10, 2025 Hindustan Unilever named Priya

Unilever  Nair as managing director and

CEO, replacing Rohit Jawa well

before the completion of his

five-year term as the company's

chief.

Hershey  July 8, 2025 Hershey named burger chain

Wendy's chief Kirk Tanner as

its CEO, effective August 18,

replacing Michele Buck, who is

set to retire.

Stanley June 30, 2025 The power tools maker appointed

Black & operations chief Christopher

Decker  Nelson as its next CEO and

President, effective October 1,

succeeding Donald Allan Jr.,

who is set to retire.

Unilever  February 25, The company ousted chief

2025 executive Hein Schumacher,

replacing him with finance

chief Fernando Fernandez.

(Reporting by Neil J Kanatt and Sanskriti Shekhar in Bengaluru; Editing by Alan Barona, Andrea Ricci, Anil D'Silva and Sahal Muhammed)

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