Nike, Under Armour, McDonald's, and Gap have all announced CEO departures. Here's the next generation of CEOs tasked with saving the retail industry.
- There has been a lot of movement at the very top of retail companies lately.
- In just the last few weeks, Gap, Nike, Under Armour, and McDonald's all announced that their CEOs would be departing their posts.
- Some of these companies are struggling with sales while others are dealing with controversy.
- Here is the next generation of retail CEOs who will replace them.
Lots of retail CEOs are on their way out right now.
Through October, more than 1,332 CEOs have stepped down this year, according to staffing firm Challenger, Gray & Christmas, Inc.McDonald's announced on November 3 that CEO Steve Easterbrook was fired after he had a relationship with another employee. On November 7, Gap Inc. announced that CEO Art Peck would be stepping down following another quarter of slumping sales.
These departures come amid a slew of recent exits in the retail sector. Under Armour announced in late October that its founder, Kevin Plank, would be stepping down from his position as CEO and becoming executive chairman and brand chief. A few hours later, a similar decision was announced for Nike CEO Mark Parker.
Barneys New York CEO Daniella Vitale also stepped down after the department store was sold to Authentic Brands Group on November 1.
Amid the departures, some replacements have already been named.
Here are the new CEOs taking the helm of some of the biggest retail brands in the US.