Stellantis and Intel heads resign, adding to record-breaking CEO step-downs this year

A record number of CEOs have left their roles in 2024, according to an analysis by a career transitioning firm. Stellantis and Intel's CEOs contributed to the trend this week as the companies face declining stock prices. Andy Challenger, senior vice president of Challenger, Gray & Christmas, joins "The Daily Report" to discuss.

Topics

Intel CEO Pat Gelsinger Steps Down Amid Chipmaker’s Struggles

Pat Gelsinger stepped down after nearly four years at the helm of the onetime highflying company, Intel said Monday.
The New York Times - 1d
Why Making the Same Decisions Over and Over Led Stellantis’ CEO to Resign

The departure of Carlos Tavares from the automotive giant he helped create follows his inability to move on from previously successful strategies when faced with new, shifting challenges.
Inc. - 1d
Mollie Marcoux Samaan stepping down as LPGA commissioner after 3 1/2 years of record prize money

Mollie Marcoux Samaan is leaving after more than three years as LPGA commissioner
ABC News - 1d
Prudential Financial CEO Charles Lowrey to Step Down

Andrew Sullivan, head of international businesses and global investment management, will succeed him.
The Wall Street Journal - 20h
Intel considers an outside CEO, taps headhunters, sources say

Intel is considering tapping an outside hire as CEO, a nearly unprecedented occurrence, as the company reels from the ouster of Pat Gelsinger.
CNBC - 23h
How Stellantis CEO's Cost-Cutting Mantra Cost Him His Job

Carlos Tavares’s abrupt exit from the Jeep maker came amid concerns over his renewed efficiency drive.
The Wall Street Journal - 1d
Intel CEO Gelsinger Retires as Chipmaker Names Interim Co-CEOs

David Zinsner and Michelle Johnston Holthaus were named interim co-leaders after the boomerang executive, who returned to the company in 2021, left the top job.
Inc. - 1d
Jim Cramer says AMD stock is a buy on Intel's CEO shakeup — 'It's winning'

Pat Gelsinger's retirement from Intel will only help Club holding and longtime rival AMD, Jim Cramer said Monday.
CNBC - 2d
Intel CEO Pat Gelsinger ousted by board after disastrous performance

Intel announced Monday that CEO Pat Gelsinger has retired from the company, effective Dec. 1.
CNBC - 1d

Stellantis and Intel heads resign, adding to record-breaking CEO step-downs this year

Topics

Related

Intel CEO Pat Gelsinger Steps Down Amid Chipmaker’s Struggles

Why Making the Same Decisions Over and Over Led Stellantis’ CEO to Resign

Mollie Marcoux Samaan stepping down as LPGA commissioner after 3 1/2 years of record prize money

Prudential Financial CEO Charles Lowrey to Step Down

Intel considers an outside CEO, taps headhunters, sources say

How Stellantis CEO's Cost-Cutting Mantra Cost Him His Job

Intel CEO Gelsinger Retires as Chipmaker Names Interim Co-CEOs

Jim Cramer says AMD stock is a buy on Intel's CEO shakeup — 'It's winning'

Intel CEO Pat Gelsinger ousted by board after disastrous performance

More from CBS News

Mitt Romney criticizes those who "tear at our unity" in Senate farewell speech

Dec 4: CBS News 24/7, 10am ET

How to sleep, breathe and drink water better, according to an expert

Latest news on UnitedHealthcare CEO shot dead in New York City

Trump taps billionaire private astronaut Jared Isaacman as next NASA chief