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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
Mar 10, 2026 10:08 PM

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)

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