Dec 10 (Reuters) - Coca-Cola named insider Henrique Braun as its new CEO on Wednesday, as packaged food companies try to adjust their strategies to consumers looking for healthier and more affordable drinks and snacks.
Braun, currently chief operating officer, will succeed James Quincey, who is stepping down after nine years at the helm.
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 of the major CEO changes among global consumer goods companies in the past year.
Company Date of Details
Announcement
Coca-Cola December 10, Coca-Cola
2025 named
insider Henrique
Braun as its new CEO,
replacing James Quincey,
effective March 31.
Kohl's November 24, Kohl's Corp named retail
Corp 2025 veteran Michael Bender as its
permanent CEO, after he
served as the interim chief
since May.
Bender replaced Ashley
Buchanan, who was fired for a
personal relationship with a
vendor.
Walmart ( WMT ) November 14, The company said Doug
2025 McMillon, 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 ) said CEO Jon
Gamble 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
Unilever Priya 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
Black & appointed operations chief
Decker Christopher 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 Andrea Ricci, Anil D'Silva and Alan Barona)