#csuitechange

BP is reorganizing @ C-level and is announcing a mega structural shake-up. New CEO announced a shift to Upstream/Downstream operating models replacing the current P&O/G&LCE/C&P structure...The prior CEO was sacked for lying to the board, had benefits clawed back, sued, then saw the lawsuit go quiet while he landed a plum director role at a Middle East-backed equity firm that promptly signed a BP JV... Wow...

She’s doing such an incredible job in china that rumor has it she is already being promoted to CEO and will oust EH out of the role!
Good riddance eh welcome CS!

Chief Transformation Officer - gone. Head of Future Forward rollout - gone.

No doubt Stephanie will tell us that future forward has been a roaring success and the transformation of our business is complete - so nothing left to do for the bold leaders of the future forward program as they ride triumphantly into the sunset.

So...Serafin's departure email just hit. Was in there for less than a year, and just moved to San Antonio. Clyde left a dingle berry of a mess from Op Model AND move to Guidewire. If you objected to the simultaneous switch, you were labeled as "not a team player". But when you watch senior officers leaving on their own, it is acceptable to not be a kool aid drinker. Here we go again with switching gears/strategy as new 'direction' is given. A years worth of work thrown away. Missed family events were for nothing.

Hopefully an announcement next week. This is beyond ridiculous. Under qualified and incompetent knucklehead.

Good move to replace Barry as the CEO. She mismanaged the company in many ways.
Do you expect more layoffs when Bonfig takes over as CEO?

If Apple can get a new CEO, why can't Q?

Another new Chief Strategy Officer coming in from the outside to replace the last external head of Strategy who was anything but strategic. And shocker... he worked at Bain at one time. How many former consultants do we need? All these external hires have ki-led our culture, stifled upward mobility in the org, added cost, and add another person who just does not get what made CDW great (at one time).

This is going to be interesting to watch. Any predictions on how this'll affect the rest of us?

Tim Cook resigns... 5 months notice

Apple announces new CEO

Hans Vestberg fired ... 6 hour notice

Verizon hires Temp CEO

Hmmm?

Is it true?

And about half of the people was for it and the other half against it.

Now, it seems like 90 percent for letting go EH and about 10 percent against it.

I don't know what 10 percent against letting EH go is thinking about!! Unless they are management dwelling around this site to make sure that anything against EH and Nike gets muffled!!

Contractor Barton Malow, keeping its eye on the future and preparing for innovation in its organization, has given four executives — two of whom were members of the company’s C-suite — additional responsibilities.

https://www.constructiondive.com/news/barton-malow-c-suite-executive-changes-innovation/815289/

Anyone want to start a pool who is the next C Suite to either leave or get forced out?
Make your guess of who, and what quarter (or month if you're bold) you think it happens.

With all the layoffs and the CFO leaving to “prioritize family matters” is something big coming? I remember someone here saying last year that the company was going to be sold in April. Maybe that’s true? Maybe it’ll be split into smaller companies like kidney co.

Anyone know why Denise is leaving as CFO? Concerning as I felt her financial transparency was refreshing.

After CEO departure the layoff 2026 will be MASSIVE

https://www.reddit.com/r/EverHint/comments/1rs2mwi/adobes_38_collapse_ceo_exits_an_overgrown_empire/

The executive joined The Walt Disney Company in June 2022, and her departure anticipates a C-suite shakeup when Josh D’Amaro becomes CEO next month.

https://wdwnt.com/2026/02/chief-communications-officer-kristina-schake-to-leave-walt-disney-company-next-month/

There's no way IBM won't feel some residual effect from this.

https://www.wsj.com/business/c-suite/kyndryl-finance-chief-wyshner-leaves-amid-accounting-review-167cd93d

The company also cut its guidance for the year after posting third-quarter results below Wall Street expectations

By: Colin Kellaher and Elias Schisgall
Updated Feb. 9, 2026 10:19 am ET

Shares of Kyndryl KD Holdings lost more than half their value after the company’s chief financial officer left amid a review of accounting practices following an inquiry from the Securities and Exchange Commission

The information-technology-services infrastructure provider on Monday said finance chief David Wyshner had left the company, along with general counsel, Edward Sebold. The company also cut its guidance for the year after posting third-quarter results below Wall Street expectations.

Shares were down nearly 57% in recent trading to $10.18.

The New York-based company said its audit committee was reviewing its cash-management practices and related disclosures, including regarding the drivers of its adjusted free-cash-flow metric, as well as the efficacy of its internal control over financial reporting, according to a filing with the SEC. The review came after the SEC’s enforcement division requested certain documents from the company.

Kyndryl said that while it doesn’t expect the review to result in a restatement or other impact to its financial statements, it will delay filing its quarterly report with the SEC and expects to report material weaknesses in its internal control over financial reporting for fiscal 2025 and the first three quarters of fiscal 2026.

The company said it needs more time to finalize its quarterly report, which covers the fiscal third quarter ended Dec. 31, adding that it is developing a remediation plan that it will outline in the report.

Kyndryl Chief Executive Martin Schroeter declined to comment further on the company’s earnings call. “The fact is we just can’t comment until the examination is complete,” he said. “The teams are working expeditiously so we can share a remediation plan.”

He added that the company’s fiscal 2028 goals remain intact.

For its latest quarter, Kyndryl posted an adjusted profit of 52 cents a share on revenue of $3.86 billion, shy of the 60 cents a share and $3.89 billion, respectively, that analysts had penciled in.

The company said it now expects its full-year revenue to fall by 2% to 3% in constant currency, after previously forecasting a 1% rise. It also cut its full-year guidance for adjusted pretax income and free cash flow.

Harsh Chugh, Kyndryl’s global head of practices, corporate development and administration, has stepped in as interim chief financial officer, and Mark Ringes, deputy general counsel since 2024, will serve as interim general counsel. Both appointments went into effect Feb. 5.

Both Wyshner and Sebold had been in their posts at Kyndryl since 2021, the year the company was spun off from IBM.

T Mobile never had a terrible CTO like John Saw. He has destroyed our organization to a shell of what it was under the previous CTOs. We have lost serious talent and expertise under his leadership.
When he was CTO of Sprint, he almost drove that company to bankruptcy with poor decisions and leadership. After that fiasco, why is he still CTO at T Mobile?
Fire John Saw and save T Mobile.

Credible estimates are that 10-15% of employees (7,000-10,000 people) will be laid off over the next several months, with the process beginning today (1/29). Cigna is in the mess we’re in because we:

1) have no actual long-term strategy,
2) have significantly under-invested in our systems and products for years, focusing only on short term earnings, and
3) have let our operating expenses get too high, primarily due to the systems inefficiencies caused by #2.

The CEO, President, and CFO are directly accountable for all three factors. Yet it is all of us who are paying the price for poor, out-of-touch leadership, incompetence and personal greed (prioritizing short-term stock price performance over long-term company viability to maximize their own incentive compensation).

The main reason cited for all the layoffs is that our expenses are out of control. Hmm… who was the CFO the majority of the last 5 years while that was happening? Oh right, it was Brian Evanko. So he let it get out of control - and then got promoted to president?? It was maddening to hear him tell us in the December town hall that our expenses were out of control, as if he had no idea how it happened and it was a surprise to him. The lack of self-awareness and accountability was stunning.

In 2024 David Cordani made more than $23 million and Brian Evanko made over $10 million. Since the odds are very low that they’ll get fired by the Board of Directors for chronic mis-management, does anyone want to bet that at least their 2025 bonuses and incentive awards will get cut as part of the overall cost cutting and poor company performance?
Hmmm, no? Me either. I expect they’ll just reward themselves with more massive bonuses and stock awards rather than being held accountable for the situation they put the company in.

Good luck to both those who will lose their jobs and those who will be left behind to try to salvage this mess with far fewer resources and devastatingly low morale. We’ll each know which group we’re in soon.

James McGourlay is no longer in my org charts. Have we a new CEO finally?

CC is gone by the end of the year.

Shell has announced that Robin Mooldijk, President of Projects and Technology, will step down effective February 28, 2026.

Following his departure, Shell’s executive committee will be reduced in size, with no immediate successor named for the role. The Projects and Technology function oversees project delivery, engineering, and technology across Shell’s global portfolio.

Shell stated that the change is part of its ongoing leadership updates and organizational management.

I guess anything is better than Ramon. Or ram. Just gotta outlast whatever time it takes for them to kick RL to the curb.

Meanwhile, KO's CEO to step down:
https://www.fooddive.com/news/coca-cola-chief-james-quincy-exits-after-9-years/807630/

"Wells Fargo Names Saul Van Beurden to Lead Artificial Intelligence; Kleber Santos to Expand Responsibilities and Serve as Co-CEO of Consumer Banking and Lending with Van Beurden"

cannot be good for TK, previous AI cheerleader.

See Ram’s email? Rat’s are fleeing the sinking ship.

Discuss.

That's all.

I feel like I haven't seen this many execs decide to step down with no announcement of a new position somewhere else. If these were retirements, would they be announced as retirements? Or would they say "stepping down" and "spend time with my family" and keep retirement under wraps? Has this many step downs happened at HP before.

JS has been dismissed and alot of new faces from brightspeed and verizon have joined.

Another executive leaving the dumpster fire.

This is a surprise. I wonder what will happen to Finance. I heard a lot of NYC jobs are going to lower cost locations.

https://finance.yahoo.com/news/citi-cfo-mason-to-step-down-after-ceo-frasers-power-consolidation-135104516.html

are you surprised or not

Be expecting a “thank you email” soon…

well well well, that was short lived.

our manager even put down having a DUI as one of our goals for this year in order to please leadership.

very sad news!

https://www.healthcaredive.com/news/optum-health-names-new-ceo/805670/