Key Takeaways
- The CEO of LPL Financial, Dan Arnold, was fired Tuesday for allegedly making statements to employees that violated its code of conduct.
- Arnold joins a group of CEOs who have been dismissed or replaced so far this year, for reasons ranging from misconduct to performance issues.
- Other well-known companies that have announced a CEO change this year include Boeing, Nike, Starbucks, and Norfolk Southern.
LPL Financial Holdings (LPLA) on Tuesday announced the firing of 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Dan Arnold, who joins a growing list of company leaders who have been dismissed this year for miscond💙uct, underperformance, or other issues.
LPL Financial said that Arnold made unspecified comments to employees that violated its "commitment to a respectful workplace." Chief Growth Officer Rich Steinmeier was named interim CEO of the financial services company, effective immediately.
Here are four other🌼 companies that have made a CEO change so far this year.
Boeing
After numerous 澳洲幸运5官方开奖结果体彩网:safety issues and 澳洲幸运5官方开奖结果体彩网:investigations from regulators and law enforcement, Boeing (BA) 澳洲幸运5官方开奖结果体彩网:announced in March that CEO Dave Calhoun would leave the airplane maker at the end of 2024. Calhoun was 澳洲幸运5官方开奖结果体彩网:replaced by Kelly Ortberg, a former engineer and executive at other aerospace companies, in August.
Starbucks
澳洲幸运5官方开奖结果体彩网:Facing declining sales at 澳洲幸运5官方开奖结果体彩网:home and abroad, Starbucks (SBUX) made a surprise CEO change in August when it 澳洲幸运5官方开奖结果体彩网:hired Brian Niccol away from Chipotle Mexican Grill (CMG) to 澳洲幸运5官方开奖结果体彩网:lead its turnaround effort. Laxman Narasimhan was ousted after 澳洲幸运5官方开奖结果体彩网:just over a year in the top job at the coffee chain.
Nike
Nike (NKE) 澳洲幸运5官方开🐼奖结果体彩网:announced a leadership change last🍎 month, with longtime executive Elliott Hill, who retired in 2020, set to take over as CEO from John Donahoe on Oct. 14. 澳洲幸运5官方开奖结果体彩网:Analysts welcomed the move, and said a company veteran leading Nike should help it better 澳洲幸运5官方开奖结果体彩网:face a number of issues, including including concern💎s about the "newness" of its products, rising competition, and persistent headwinds in China.
Norfolk Southern
Norfolk Southern (NSC) last month announced the termination of Alan Shaw "for cause, effective immediately," 澳洲幸运5官方开奖结果体彩网:days after reports emerged that its CEO had engaged in an inappropriate workplace relationship with the freight railroad's legal chief, who was also dismissed. 澳洲幸运5官方开奖结果体彩网:Norfolk Southern said the relationship violated company policies, and tapped 澳洲幸运5官方开奖结果体彩网:Chief Financial Officer (CFO) Mark George to take over the top post.