David E. will be relinquishing his role following the successful handling of 2023’s financials. The position of CEO will be filled by Ian B., with Raj N. assuming responsibility for GB&I and Roger L. overseeing international. Concurrently, the second phase of Velocity will be initiated.
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Have heard rumors of a major reorganization in March. Anyone else heard this?
Anyone else hear about further layoffs spring 2024 to court pharma and take out costs?
Any update
I do not think that David will ever retire or step down, he just got himself the Gulfstream private jet, living a luxurious life... Why leave all that behind?
Why HR? Seems pretty lean from what I can see. After removing layers last year I don't see where there's "fat" to cut from any org
Selling stocks is fine, price is good. I am more interested in Velocity 2 and which departments will be impacted. My guess is HR.
It’s not the first time this year that ILT members sell their stocks. In May there have been a lot larger sell outs.
Interesting, let’s see if something is communicated in the tow hall coming up.
Any thoughts?
There might be a bigger shift...
Also, Raj sold his 3000 Alcon RSUs today, worth $250,500.00. Just the LTI from April 9, 2020 (1 year anniversary of the Alcon spin-off). You can check the pdf here: https://investor.alcon.com/financials/sec-filings/sec-filings-details/default.aspx?FilingId=16879235
Seems very plausible, probably happening right before Christmas..