Some of the Most Legendary CEOs in Corporate America Are Retiring

There is a changing of the guard in Corporate America.

Source THE STREET

By Brian Sozzi   Dec 9, 2016 9:43 AM EST

Nothing lasts forever, even for seemingly invincible titans of Corporate America.

As we exit the old year, some of the biggest names and some of the most transformational CEOs around are handing over their coveted jobs to hand-picked successors. While these battled-tested Baby Boomer executives aren’t completely vanishing from their companies, the announcements do represent a changing of the guard to a new generation.

TheStreet takes a brief look at several CEO transitions underway.

Coca-Cola (KO)

The beverage giant is the latest to announce a transition in the corner office, saying Friday that long-time CEO Muhtar Kent will step down as CEO effective May 1, 2017. He will remain chairman. Taking over for Kent as CEO will be Chief Operating Officer James Quincey (who TheStreetrecently interviewed in the above video).

Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.A) (BRK.B) and a long-time Coke shareholder, said, “As chairman and CEO, Muhtar has been an excellent steward of Coca-Cola’s business over the last eight years and I am thankful for the leadership he has provided to put in place the right vision, strategy and thoughtful succession plan for long-term success.” He added, “I know James and like him, and believe the company has made a smart investment in its future with his selection.”

As TheStreet reported back in August last year, the ascendance of Quincey, 51, to the CEO role was more likely than not given his global resume.

Quincey was promoted to the operating chief position in August 2015 from president of Coke’s European operations. At the time, Coke hadn’t had a COO since 2007, signifying the importance of Quincey’s promotion.

Quincey joined Coca-Cola in 1996 as a director in its Latin American group. From then until 2005, Quincey rose through the ranks in Coca-Cola’s Latin America operations, finishing up as president of Coke’s Mexico division. From October 2008 to January 2013, he served as president of Coke’s Northwest Europe and Nordics business unit before being appointed European president in 2013 as part of an organizational shakeup.

“I will focus on long-term strategy, developing robust talent and our innovation pipeline,” said Coca-Cola Chairman and CEO Muhtar Kent said in August 2015 in response to a question by TheStreeton how his day-to-day role would change with Quincey serving as COO. Kent’s comment, at the time, sounded more like a veteran executive readying to transition to a chairman role, handing off the baton to a worthy successor. As it turns out, that was the case.

Since then, Quincey has focused on Coke’s growth strategies, overseeing the execution of an ongoing billion-dollar restructuring plan, marketing and building out Coke’s portfolio of brands.


THINGS THAT MAKE YOU GO HMMMM: A List of Legislators LEAVING the U.S. CONGRESS and U.S. SENATE by Retiring, Running for Other Office, RESIGNING, or Not Running Again

Source for Senators   Senate.gov
Source for Congressional members   CNN
By Adam LevyWade Payson-Denney and Ashley Killough, CNN

Updated 2:58 PM ET, Mon December 4, 2017

Washington (CNN)This fall has seen a steady stream of Republican House members announcing their plans to resign, retire or run for another office.

As moderate Republican members Dave Reichert and Charlie Dent prepare to leave Congress, conservatives want stronger allies in their seats, while Democrats see an opportunity to flip them.

Democrats need to pick up 24 seats to retake the majority from Republicans, who’ve maintained control of the House since 2011.

The campaign committees on both sides are eying the 23 Republicans defending districts that Hillary Clinton won, and the 12 held by Democrats in districts that President Donald Trump won as vulnerable seats to flip.

While midterm elections are historically tough for the party of the President in power, it’s too early to tell how things will unfold next year.

US Representatives Leaving Congress

Retiring

Rep. Sam Johnson (R, TX-3) via press release on 1/6/17
Rep. Lynn Jenkins (R, KS-2); via Facebook post on 1/25/17
Rep. Ileana Ros-Lehtinen (R, FL-27); told the Miami Herald on 4/30/17
Rep. John J. Duncan Jr. (R, TN-2); told local media on 7/31/17
Rep. Niki Tsongas (D, MA-3); via press release on 8/9/17
Rep. Dave Reichert (R, WA-9) via press release on 9/6/17
Rep. Charlie Dent (R, PA-15) via press release on 9/7/17
Rep. Dave Trott (R, MI-11), via press release on 9/11/17
Rep. Carol Shea-Porter (D, NH-1), via statement on 10/6/17
Rep. Jeb Hensarling (R, TX-5), via email to supporters on 10/31/2017
Rep. Lamar Smith (R, TX-21), via statement on 11/2/2017
Rep. Frank LoBiondo (R, NJ-2), via statement on 11/7/2017
Rep. Ted Poe (R, TX-2), via Facebook on 11/7/17
Rep. Bob Goodlatte (R, VA-6) via social media and statement on 11/9/17
Rep. Gene Green (D, TX-29) via local media on 11/13/17
Rep. Luis Gutiérrez (D, IL-4) at press conference on 11/28/17
Rep. Joe Barton (R, TX-6) to Dallas Morning News on 11/30/17
Rep. Sander Levin (D, MI-9) via Detroit Free Press on 12/2/17

Resigned or ResigningQmark Alarm 1 Thinks That Make You Go Hmmm

Rep. Jason Chaffetz (R, UT-3); left House on 6/30/17 to become a Fox News contributor (Republican Rep. Jim Curtis won the special election November 7 and was sworn in last month)

Rep. Tim Murphy (R, PA-18), announced via statement on 10/4/17, will leave on 10/21/17 (Special election TBA)

Rep. Pat Tiberi (R, OH-12), announced via statement on 10/19/17, will leave “by January 31, 2018” (Special election TBA)

Rep. John Conyers (D, MI), announced via talk news radio 12/05/17Jerk Thinks That Make You Go Hmmm

Running for Other Office

Running for President
Rep. John Delaney (D, MD-6); announced via The Washington Post on 7/31/17
Running for Governor
Rep. Kristi Noem (R, SD-AL); via YouTube on 11/14/16
Rep. Michelle Lujan Grisham (D, NM-1); via Youtube on 12/13/16
Rep. James Renacci (R, OH-16); via campaign video on 3/20/17
Rep. Tim Walz (D, MN-1); via local newspaper on 3/27/17
Rep. Raul Labrador (R, ID-1); via local media on 5/9/17
Rep. Jared Polis (D, CO-2); told Denver Post on 6/11/17
Rep. Steve Pearce (R, NM-2); told Albuquerque Journal on 7/10/17
Rep. Diane Black (R, TN-6); via Facebook post on 8/2/17
Rep. Colleen Hanabusa (D, HI-1); via release on 9/1/17
Running for the Senate
Rep. Beto O’Rourke (D, TX-16); announced in El Paso on 3/31/17
Rep. Evan Jenkins (R, WV-3); via web video on 5/8/17
Rep. Jacky Rosen (D, NV-3); via The Nevada Independent on 7/5/17
Rep. Luke Messer (R, IN-6); via tweet on 7/26/17
Rep. Todd Rokita (R, IN-4); via YouTube on 8/9/17
Rep. Lou Barletta (R, PA-11); via campaign video on 8/29/17
Rep. Kyrsten Sinema (D, AZ-9) via YouTube video on 9/28/17
Rep. Marsha Blackburn (R, TN-7), via online video 10/5/17

Senators Retiring or ResigningQmark Alarm 1 Thinks That Make You Go Hmmm

Senator Bob Corker (R-Tennessee), Retiring 2018
Senator Jeff Flake (R-Arizona), Retiring 2018
Senator Al Franken (D-Minnesota), announced Resignation 12/07/17
Senator John McCain (RINO-Arizona), suffering from a brain tumor due to a lack of adrenochrome and a guilty conscience due to how he gets his adrenochrome

Rats Jumping Ship USS Congress


BALLOTPEDIA’S List of U.S. Congress incumbents who are not running for re-election in 2018

Source   BALLOTPEDIA

This lists the incumbent members of the 115th U.S. Congress who are not running for re-election in the 2018 Congressional elections (both U.S. Senate and U.S. House).

U.S. Senate members
  • Democratic Party 0 Democrats
  • Republican Party 2 Republicans
Name: Party: Current office:
Bob Corker Ends.png Republican Tennessee
Jeff Flake Ends.png Republican Arizona
U.S. House members

As of December 10, 2017, a total of 36 representatives will not seek re-election to their U.S. House districts.

Party breakdown:
Democratic Party 13 Democratic members of the U.S. House
and
Republican Party 23 Republican members of the U.S. House

Incumbents retiring from public office
  • Democratic Party 6 Democrats
  • Republican Party 13 Republicans
Name: Party: Current office:
Bob Goodlatte Ends.png Republican Virginia, District 6
Carol Shea-Porter Electiondot.png Democratic New Hampshire, District 1
Charles W. Dent Ends.png Republican Pennsylvania, District 15
Dave Reichert Ends.png Republican Washington, District 8
David Trott Ends.png Republican Michigan, District 11
Frank LoBiondo Ends.png Republican New Jersey, District 2
Gene Green Electiondot.png Democratic Texas, District 29
Ileana Ros-Lehtinen Ends.png Republican Florida, District 27
Jeb Hensarling Ends.png Republican Texas, District 5
Joe Barton Ends.png Republican Texas, District 6
John Delaney Electiondot.png Democratic Maryland, District 6
John J. Duncan, Jr. Ends.png Republican Tennessee, District 2
Lamar Smith Ends.png Republican Texas, District 21
Luis V. Gutierrez Electiondot.png Democratic Illinois, District 4
Lynn Jenkins Ends.png Republican Kansas, District 2
Niki Tsongas Electiondot.png Democratic Massachusetts, District 3
Sam Johnson Ends.png Republican Texas, District 3
Sandy Levin Electiondot.png Democratic Michigan, District 9
Ted Poe Ends.png Republican Texas, District 2
Incumbents seeking other offices
U.S. House members seeking a seat in the U.S. Senate

Democratic Party 3 Democrats
Republican Party 5 Republicans

Name: Party: Current office:
Beto O’Rourke Electiondot.png Democratic Texas, District 16
Evan Jenkins Ends.png Republican West Virginia, District 3
Jacky Rosen Electiondot.png Democratic Nevada, District 3
Kyrsten Sinema Electiondot.png Democratic Arizona, District 9
Lou Barletta Ends.png Republican Pennsylvania, District 11
Luke Messer Ends.png Republican Indiana, District 6
Marsha Blackburn Ends.png Republican Tennessee, District 7
Todd Rokita Ends.png Republican Indiana, District 4
U.S. House members running for governor

Democratic Party 4 Democrats
Republican Party 5 Republicans

Name: Party: Current office:
Colleen Hanabusa Electiondot.png Democratic Hawaii, District 1
Diane Black Ends.png Republican Tennessee, District 6
Jared Polis Electiondot.png Democratic Colorado, District 2
James B. Renacci Ends.png Republican Ohio, District 16
Kristi L. Noem Ends.png Republican South Dakota, At-Large District
Michelle Lujan Grisham Electiondot.png Democratic New Mexico, District 1
Raul R. Labrador Ends.png Republican Idaho, District 1
Steve Pearce Ends.png Republican New Mexico, District 2
Tim Walz Electiondot.png Democratic Minnesota, District 1
Congressional incumbents who left office early or have announced upcoming resignations
Name: Party: Most recent office:
Al Franken Electiondot.png Democratic U.S. Senate, Minnesota
Jason Chaffetz Ends.png Republican U.S. House, Utah, District 3
Jeff Sessions Ends.png Republican U.S. Attorney General
John Conyers, Jr. Electiondot.png Democratic U.S. House, Michigan, District 13
Michael “Mick” Mulvaney Ends.png Republican Director of the U.S. Office of Management and Budget
Mike Pompeo Ends.png Republican Director of the CIA
Patrick J. Tiberi Ends.png Republican U.S. House, Ohio, District 12
Ryan Zinke Ends.png Republican U.S. Secretary of the Interior
Tim Murphy Ends.png Republican U.S. House, Pennsylvania, District 18
Tom Price Ends.png Republican Former Secretary of Health and Human Services
Trent Franks Ends.png Republican U.S. House, Arizona, District 8
Xavier Becerra Electiondot.png Democratic Attorney General of California
See also

Qmark 1 Thinks That Make You Go Hmmm Original Finger to Head Meme

MORE THINGS THAT MAKE YOU GO HMMMM

THINGS THAT MAKE YOU GO HMMMM: What if the Atlanta Airport Blackout was to Keep the Deep State Operatives from Fleeing the Country?