Latest news with #CEOChange
Yahoo
26-07-2025
- Business
- Yahoo
Suzy Monford steps down as CEO of Heritage Grocers Group
You can find original article here Supermarketnews. Subscribe to our free daily Supermarketnews newsletter. Hispanic grocer Heritage Grocers Group announced Thursday that after eight months in the role, Suzy Monford is stepping down from her position as CEO and chairperson. Industry veteran David Hirz, who most recently served as president and CEO of Smart & Final, was named chairman of the board, and a group of senior leaders at the company will take over CEO duties while Heritage searches for a replacement. Hirz has served on the board for the last year, Heritage said. 'These changes will support the company's core mission of serving its communities, long-term growth and continued operational excellence,' the company said in a press release. 'Suzy Monford has stepped down from her role as Chairperson and Chief Executive Officer to pursue other opportunities.' The new CEO executive team includes: Prabash Coswatte, chief operating officer Leticia Espinoza, chief administrative officer and general counsel Matthew Holt, chief financial officer Frank Ingraffia, chief transformation officer and chief executive officer of Tony's Fresh Market 'Throughout my time on Heritage's Board, I have seen firsthand the strength of Heritage's value proposition and customer loyalty across our banners,' Hirz said in a press release. 'We have a unique ability to serve communities with authenticity — and we're committed to carrying that forward. The Heritage Board thanks Suzy for her contributions during her time with the company. I look forward to supporting our team members and the outstanding leaders in the office of the CEO who will help guide Heritage forward while we search for the right leader who shares our passion for customer service and community for the long-term.' Ontario, Calif.-based Heritage Grocers Group operates 115 stores across California, Texas, Nevada, Arizona, Kansas, and Illinois under the banners Cardenas Markets (58), El Rancho Supermercado (29), Tony's Fresh Market (21), and Los Altos Ranch Market (7). Prior to joining Heritage in late November, Monford served as CEO of the global retail consulting firm, Food Sport International. Prior to her time in that role, she spent less than a year at PCC Community Markets and a little over a year at Kroger, serving as VP of Fresh and later as group VP of Ecommerce New Markets. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Business
- Yahoo
Domino's Australia Shares Sink as CEO Plans Exit After One Year
(Bloomberg) -- Shares of Domino's Pizza Enterprises Ltd. tumbled to their lowest since 2013 after the company said Group Chief Executive Officer and Managing Director Mark van Dyck will step down after just one year in the role. Struggling Downtowns Are Looking to Lure New Crowds Sprawl Is Still Not the Answer California Exempts Building Projects From Environmental Law The stock fell as much as 26% in Sydney on Wednesday after the Brisbane, Australia-based company said Van Dyck will leave in December. Billionaire fast food magnate Jack Cowin has been appointed interim executive chairman effective immediately, according to an exchange statement. 'This announcement is a surprise and adds to the uncertainty' at a time when Domino's is attempting to reset its business, Morgan Stanley analysts wrote in a note. The departure comes after an overhaul of the firm's global leadership in the past year. Van Dyck succeeded CEO and Managing Director Don Meij, who had been with Domino's for almost 40 years, in November. Cowin is the company's biggest shareholder and was already its chairman. He is also the chairman and managing director of CFAL Group, operator of the Hungry Jack's chain, which holds the master franchise for Burger King in Australia. The board is undertaking a global search process for a new group CEO, it said in a statement. Van Dyck oversaw the closure of 205 underperforming stores in Europe, Japan, Australia and New Zealand. 'With a clear strategy and strong team in place, I believe the time will be right at the end of this calendar year to hand over to the next CEO,' Van Dyck said in the statement. The company's ANZ CEO Kerri Hayman will step down in August, it said in May. (Updates share price move, adds analyst comments in 3rd paragraph) SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too How to Steal a House America's Top Consumer-Sentiment Economist Is Worried China's Homegrown Jewelry Superstar Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Business
- Yahoo
Domino's Australia Shares Sink as CEO Plans Exit After One Year
(Bloomberg) -- Shares of Domino's Pizza Enterprises Ltd. tumbled to their lowest since 2013 after the company said Group Chief Executive Officer and Managing Director Mark van Dyck will step down after just one year in the role. Struggling Downtowns Are Looking to Lure New Crowds Sprawl Is Still Not the Answer California Exempts Building Projects From Environmental Law The stock fell as much as 26% in Sydney on Wednesday after the Brisbane, Australia-based company said Van Dyck will leave in December. Billionaire fast food magnate Jack Cowin has been appointed interim executive chairman effective immediately, according to an exchange statement. 'This announcement is a surprise and adds to the uncertainty' at a time when Domino's is attempting to reset its business, Morgan Stanley analysts wrote in a note. The departure comes after an overhaul of the firm's global leadership in the past year. Van Dyck succeeded CEO and Managing Director Don Meij, who had been with Domino's for almost 40 years, in November. Cowin is the company's biggest shareholder and was already its chairman. He is also the chairman and managing director of CFAL Group, operator of the Hungry Jack's chain, which holds the master franchise for Burger King in Australia. The board is undertaking a global search process for a new group CEO, it said in a statement. Van Dyck oversaw the closure of 205 underperforming stores in Europe, Japan, Australia and New Zealand. 'With a clear strategy and strong team in place, I believe the time will be right at the end of this calendar year to hand over to the next CEO,' Van Dyck said in the statement. The company's ANZ CEO Kerri Hayman will step down in August, it said in May. (Updates share price move, adds analyst comments in 3rd paragraph) SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too How to Steal a House America's Top Consumer-Sentiment Economist Is Worried China's Homegrown Jewelry Superstar Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
02-07-2025
- Business
- Bloomberg
Domino's Shares Drop After CEO Says He'll Exit One Year Into Job
Shares of Domino's Pizza Enterprises Ltd. tumbled to their lowest since 2014 after the company said Group Chief Executive Officer and Managing Director Mark van Dyck will step down after just one year in the role. The stock fell as much as 19% in Sydney on Wednesday after the Brisbane, Australia-based company said Van Dyck will leave in December. Billionaire fast food magnate Jack Cowin has been appointed interim executive chairman effective immediately, according to an exchange statement.
Daily Mail
27-06-2025
- Automotive
- Daily Mail
Nissan Armada Nismo gets performance makeover
A family-moving SUV just got a performance makeover. The internet doesn't appear sold. Nissan is rolling out a sport-tuned version of its high-rolling, three-row Armada SUV, a near-luxury set of wheels that already starts at $60,000. The new trim is called the Armada Nismo — it's set to hit dealerships lots this fall. It's also hugely important for an automaker that recently posted flagging sales and a CEO change . The standard Armada got a full redesign for this year, swapping its aging V8 engine for a more efficient and powerful V6. The style reboot features a boxier look with width-spanning LED taillights, extra chrome, and a plush seven- or eight-seat interior. Now, Nissan is cranking up the attitude. The Nismo trim adds red interior and exterior accents, reworked lower body panels, and a squatter stance. Under the hood, the Nismo gets a 35-horsepower bump and tweaked valves that deepen the exhaust sounds — but only if you spring for premium fuel. 'Armada NISMO expands the Armada family to connect with drivers who share a passion for excitement, performance, and bold, sports-inspired design,' a product spokesperson told While Nissan hasn't revealed pricing yet, current Armada trims range from $59,000 to $82,000. That positions the Nismo squarely in the territory of premium family SUVs — a growing, lucrative market segment in the US, where large vehicles continue to dominate new car sales. But the launch comes at a tricky time for the automaker. Nissan has faced shrinking profits, leadership shakeups, and ongoing headwinds from President Donald Trump's 25 percent automotive tariffs — a policy that affects models like the Japan-produced Armada . Nissan has been in big trouble for months. In November, executives at the company warned the automaker only had '12 months' of cash on hand to survive . Its financial position comes after turmoil in the C-suite. Carlos Ghosn, the former CEO who helped revive the company in the 2000s, was arrested in 2018 by authorities in Tokyo. They believed the executive misused company assets. Ghosn was flown out of the country in a plane's cargo in 2019. He has remained in Lebanon since. In his absence, the company had an aging portfolio with old transmission technology. The cars were built at dozens of factories around the world, leaving the company extremely susceptible to global onshoring trends. A leadership vacuum appeared at the company after his legal turmoils. Makoto Uchida, a Japanese executive, took over, but was ousted after six years. Ivan Espinosa took over as top boss earlier this year. Despite selling the fifth-most cars in the US last year, Moody's, a credit agency, downranked Nissan to 'junk' status earlier this year .
