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2025-04-20 03:54
Market watchers, throughout the week, observed several Wall Street executives stepping up for new roles as part of leadership reshuffling.
Meanwhile, some companies such as Caterpillar, Lockheed Martin and APA added new positions to steer growth prospects.
Here are some of the recent management changes that took place during the week:
Caterpillar (NYSE:CAT) said that Joseph Creed was promoted to CEO from his previous role as COO, effective May 1. He will succeed James Umpleby, who is stepping down as CEO after more than eight years in the role, and will become executive chairman of the board.
Lockheed Martin (NYSE:LMT) has announced the appointment of Evan Scott as the company's senior vice president and CFO, succeeding Jesus "Jay" Malave, who advised the company that he is pursuing other opportunities.
APA Corporation (NASDAQ:APA) has announced the promotion of Ben Rodgers to the post of executive vice president and CFO, effective May 12.
Arrowhead Pharmaceuticals (ARWR) said that Ken Myszkowski has notified the company of his decision to retire as CFO of the company, effective as of May 13, 2025.
Molson Coors (TAP) chief executive Gavin Hattersley announced his plan to retire as CEO and member of the board at the end of this year after serving 6 years at the helm of the beverage company.
Enovix (ENVX) has appointed Ryan Benton as CFO.
Alkermes plc (ALKS) has announced that its CFO, Iain M. Brown, passed away on April 14, 2025, after a battle with cancer. The interim principal financial officer Blair C. Jackson and interim principal accounting officer Samuel J. Parisi will continue to serve in these roles during the search for a successor to Brown as CFO.
Lithia & Driveway (LAD) has announced that Adam Chamberlain will transition from his current role as Executive Vice President and COO effective June 1, 2025, to join Mercedes-Benz as CEO of Mercedes-Benz USA.
Galapagos NV (GLPG) has said that its CFO and COO, Thad Huston, will depart effective as of August 1, 2025.
The Federal Reserve Bank of Philadelphia named Anna Paulson as its next president and CEO, succeeding Patrick Harker, whose term ends June 30, 2025, the district reserve bank said on Thursday.