Business
fromFortune
1 day agoCEO turnover is up, and boards are favoring experienced insiders who can hit the ground running | Fortune
CEO turnover is increasing, with a higher demand for experienced leaders who can quickly adapt and drive change.
In January 2025, Fortune Brands Innovations announced it was moving its company's portfolio from individual offices across the country to one central headquarters outside Chicago, which meant hundreds of employees would need to relocate, or else lose their jobs.
Tim Cook described John Ternus as 'a brilliant engineer and thinker who has spent the past 25 years building the Apple products our users love so much, obsessed with every detail, focused on every possible way we can make something better, bolder, more beautiful, and more meaningful.'
By 2019, it was operating in eight Indian metros, and by August 2021, it had expanded into quick commerce, launching Dunzo Daily to deliver essentials in 19 minutes or less. Customers liked the convenience that Dunzo provided, investors loved its growth, and the phrase 'Dunzo it' became a common idiom in India akin to 'Google it' in the U.S.