#executive-succession

#executive-succession

My focus will be on delivering exceptional value to our brokers while continuing to position Stellar MLS to lead as the industry evolves. Prior to assuming his new role as CEO, Fairley served as the MLS's chief operations officer. Fairley has been a member of Stellar MLS's leadership team for nearly two decades, joining the MLS in 2005 and has served as COO since 2017.

A few days earlier, on Sept 29, Comcast said that its sitting CEO Brian Roberts will be joined by Michael Cavanagh, former president, in January. (The arrangement is being read as part of a succession plan.) And at Oracle a week before, ex-CEO Safra Catz moved into the vice-chair role, and was replaced by Clay Magouyrk, former head of Oracle Cloud Infrastructure, and Mike Sicilia, who previously ran Oracle Industries.

Nestle has dismissed its chief executive, Laurent Freixe, after an investigation into an undisclosed romantic relationship with a subordinate that was found to have breached its code of business conduct. The Swiss-headquartered multinational named Philipp Navratil as his replacement. Nestle said Freixe's departure after 40 years at the company followed an investigation overseen by its chair, Paul Bulcke, and lead independent director, Pablo Isla, with the support of outside counsel, into the relationship with a direct subordinate in breach of company's conduct code.