The age of uncertainty for CEOs
The chief executives of some of Europe’s top companies are on the way out. In recent weeks there has been a flurry of departures from the C-suite.
This week Shell announced Ben van Beurden will step down at the end of this year after nearly a decade at the helm. Elsewhere consumer goods company Reckitt Benckiser said recently Laxman Narasimhan is leaving, only to take up the top job at coffee giant Starbucks.
Philips, the Dutch health conglomerate, said its chief Frans van Houten will depart the company after a product recall cut its market value by more than half over the past year. Adidas, the German sports goods maker, said its boss Kasper Rørsted would depart next year before his contract runs out. Credit Suisse and Rolls-Royce have also announced the appointments of their new bosses.
This story originally appeared on: Financial Times - Author:Anjli Raval
