Target's Incoming CEO Has Already Faced His First Management Test
Analyzing trends in leadership, company culture and the art of career building.
When a company needs a strategy refresh, it's relatively easy for a new chief executive officer to parachute in, point out the problems with past management and promise a different approach. But what happens when the incoming leader is a veteran insider whose predecessor is standing close by?
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
Silvaco Announces CEO Transition
Walden C. Rhines, Ph.D. appointed as new CEO following departure of Dr. Babak Taheri SANTA CLARA, Calif., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. ('Silvaco') (NASDAQ: SVCO), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced that Dr. Babak Taheri has left the company, effective August 19, 2025, following nearly seven years as Chief Executive Officer, during which he led the company through its initial public offering. The Board has appointed Walden 'Wally' C. Rhines, Ph.D., as the company's new Chief Executive Officer, effective immediately. 'It has been a great honor to work with the team and the board at Silvaco. I am very proud of our successful IPO and the sustained double-digit growth over several years. The 'One Silvaco' team has achieved many accomplishments,' said Dr. Babak Taheri. 'The dedicated team at Silvaco is well-positioned to continue executing its strategic vision and creating shareholder value.' 'Silvaco is at an exciting point in its market opportunity. We sit at the forefront of semiconductor design automation with a unique set of technology offerings and a strong pipeline of business opportunities,' said Rhines. 'On behalf of the Company and the Board, I would like to thank Babak for his leadership for nearly seven years and wish him the very best. I'm honored to step into this role and am committed to maximizing long-term value for our shareholders.' Rhines has served as a member of Silvaco's board of directors and as a member of the audit committee since September 2022. Since March 2020, he has served as President and Chief Executive Officer of Cornami, Inc., and is Chairman of the board of directors of Qorvo, Inc. (Nasdaq: QRVO). Rhines previously served CEO of Mentor Graphics Corporation from 1993 until its acquisition by Siemens in March 2017. Following the acquisition, Rhines served as President and Chief Executive Officer of Siemens EDA (formerly Mentor Graphics). Rhines holds a B.S.E. in engineering from the University of Michigan, an M.S. and Ph.D. in materials science and engineering from Stanford University, and a M.B.A. from the Southern Methodist University Cox School of Business. 'We are at an exciting point in Silvaco's trajectory, and I have the utmost confidence in Wally leading Silvaco through this next chapter. I also want to thank Babak who has been an incredible asset to the company and has played an instrumental role in all of our recent milestones, including our public listing and acquisitions," said Kathy Pesic, Co-Founder and Chair of the Board. About Silvaco Group, is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco's solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Egypt, Brazil, China, Japan, Korea, Taiwan, Singapore and Vietnam. Learn more at ContactsMedia Relations:Tiffany Behany, press@ Investor Relations:Greg McNiff, investors@ Sie sich an, um Ihr Portfolio aufzurufen.
Yahoo
35 minutes ago
- Yahoo
Silvaco Announces CEO Transition
Walden C. Rhines, Ph.D. appointed as new CEO following departure of Dr. Babak Taheri SANTA CLARA, Calif., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. ('Silvaco') (NASDAQ: SVCO), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced that Dr. Babak Taheri has left the company, effective August 19, 2025, following nearly seven years as Chief Executive Officer, during which he led the company through its initial public offering. The Board has appointed Walden 'Wally' C. Rhines, Ph.D., as the company's new Chief Executive Officer, effective immediately. 'It has been a great honor to work with the team and the board at Silvaco. I am very proud of our successful IPO and the sustained double-digit growth over several years. The 'One Silvaco' team has achieved many accomplishments,' said Dr. Babak Taheri. 'The dedicated team at Silvaco is well-positioned to continue executing its strategic vision and creating shareholder value.' 'Silvaco is at an exciting point in its market opportunity. We sit at the forefront of semiconductor design automation with a unique set of technology offerings and a strong pipeline of business opportunities,' said Rhines. 'On behalf of the Company and the Board, I would like to thank Babak for his leadership for nearly seven years and wish him the very best. I'm honored to step into this role and am committed to maximizing long-term value for our shareholders.' Rhines has served as a member of Silvaco's board of directors and as a member of the audit committee since September 2022. Since March 2020, he has served as President and Chief Executive Officer of Cornami, Inc., and is Chairman of the board of directors of Qorvo, Inc. (Nasdaq: QRVO). Rhines previously served CEO of Mentor Graphics Corporation from 1993 until its acquisition by Siemens in March 2017. Following the acquisition, Rhines served as President and Chief Executive Officer of Siemens EDA (formerly Mentor Graphics). Rhines holds a B.S.E. in engineering from the University of Michigan, an M.S. and Ph.D. in materials science and engineering from Stanford University, and a M.B.A. from the Southern Methodist University Cox School of Business. 'We are at an exciting point in Silvaco's trajectory, and I have the utmost confidence in Wally leading Silvaco through this next chapter. I also want to thank Babak who has been an incredible asset to the company and has played an instrumental role in all of our recent milestones, including our public listing and acquisitions," said Kathy Pesic, Co-Founder and Chair of the Board. About Silvaco Group, is a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation. Silvaco's solutions are used for semiconductor and photonics processes, devices, and systems development across display, power devices, automotive, memory, high performance compute, foundries, photonics, internet of things, and 5G/6G mobile markets for complex SoC design. Silvaco is headquartered in Santa Clara, California, and has a global presence with offices located in North America, Europe, Egypt, Brazil, China, Japan, Korea, Taiwan, Singapore and Vietnam. Learn more at ContactsMedia Relations:Tiffany Behany, press@ Investor Relations:Greg McNiff, investors@ in to access your portfolio
Yahoo
42 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures mixed as investors count down to Powell's speech
US stock futures were mixed as Wall Street readied for the main event of the week: Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium in Wyoming. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) ticked up 0.1%. Stocks swung last week as Fed policy predictions shifted. After July's Consumer Price Index (CPI) report showed inflation had increased at a pace that was in-line with analysts' expectations, rate-cut bets surged, sparking a two-day stock rally. However, a second check on inflation that week, July's Producer Price Index report, came in hotter-than-expected and abruptly threw cold water on rate-cut hopes and stocks' march higher. This week, more signs that a rate cut may not be imminent piled up. Minutes from the Federal Reserve's last meeting showed that the two officials who dissented from the decision to hold rates steady in July were largely alone in their opinion. The minutes also indicated inflation was more of a concern for officials than labor market weakness. Finally, two policymakers, Jeffrey Schmid and Beth Hammack, expressed wariness over a September rate cut on Thursday. Meanwhile, President Trump has continued a pressure campaign on the Federal Reserve, publicly bashing Powell and, more recently, calling for the resignation of Fed governor Lisa Cook for alleged mortgage fraud. His tariff policy also continues to evolve with its ultimate impact on inflation difficult to predict. Against this backdrop, Powell's speech has investors on edge. His remarks are set to not only shake up rate-cut bets but also shape monetary policy for years to come. Amid the countdown to his Jackson Hole remarks, stocks slipped on Thursday. Disappointing Walmart (WMT) earnings and hotter-than-expected jobless claims data contributed to a dip in sentiment. In after-hours trading, corporate earnings led to some companies seeing swings in their stock prices. Zoom (ZM) popped on an AI boost, and Ross Stores (ROST) jumped as shoppers seek discounts amid tariffs. Intuit (INTU) and Workday (WDAY), meanwhile, tumbled. Nvidia puts a pause on production of Chinese H20 chips Bloomberg reports: Read more here. Nvidia puts a pause on production of Chinese H20 chips Bloomberg reports: Read more here. Bloomberg reports: Read more here.
