In 2018, a number of high-profile CEOs at major global companies stepped down for various reasons. Some were forced out, while others resigned

Others resigned after guiding their companies to relative stability, and one passed away. We don’t claim to list everyone who changed seats at the head of the table in 2018,

But these were some of the most notable departures.

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Kevin Systrom (Instagram)

In 2006, while a senior at Stanford University, Kevin Systrom was offered a position at (Facebook) by Mark

Zuckerberg, the founder and CEO of the then-rising social network. As is widely known, he turned down the offer and chose to stay in college.

Despite passing up the opportunity, 34-year-old Systrom ended up at (Facebook) after all—but on his own terms. In

2012, he sold his fast-growing photo-sharing network, (Instagram), to the social media giant for $1 billion, earning himself $400 million

dollars on the day of the sale, based on his 40% stake.

Last September, Instagram CEO Systrom and his co-founder, Mike Krieger, announced that they would step down from the company.

Amid reported tensions with Zuckerberg, Systrom remained with the company for six years after Instagram’s acquisition and played a key role in

attracting revenue-generating advertising campaigns to the company, as well as helping it reach younger demographics at a time when young people are moving away

عن (Facebook).

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Indra Nooyi (Pepsi)

Last October, big business lost one of its few female CEOs when Indra Nooyi resigned from PepsiCo,

after 12 years in the top job.

Nooyi, 63, who will remain PepsiCo’s chair through early 2019, spent 24 years with the company and led it in its efforts

to evolve with the changing food industry, which is increasingly focused on healthier products.

 

Despite negative reactions and criticism from some Investors industry observers over her focus on expanding PepsiCo’s presence in the healthy-food category,

Nooyi’s results during her tenure outweighed her critics’ objections. She leaves the company with annual revenue of $63.5 billion—up from $35 billion in

the year she began her role as CEO in 2006—and PepsiCo’s share price has nearly doubled over that time.

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Matthias Müller, (Volkswagen)

When Matthias Müller became CEO of Volkswagen in 2015, he was appointed to replace Martin Winterkorn, who

had been in charge when the company was found to have installed software in its vehicles to cheat emissions tests. The scandal embarrassed the

well-known German automaker and cost the company more than $15 billion in fines and compensation.

In spring 2018, the world’s largest automaker announced that Müller would step down. He was replaced by Volkswagen’s brand chief,

هربرت ديس.

Under Müller, who had previously served as CEO of Volkswagen subsidiary Porsche, Volkswagen invested heavily

in developing electric vehicles and tried to reform the company’s management structure. During his tenure, the company retained its title as the world’s largest automaker,

and saw its profit margin grow.

Müller, 64, earned $12 million in compensation last year. In March, Volkswagen’s board voted

to give him a 40% pay raise. Despite his resignation, he will continue to receive his salary through 2020.

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Lloyd Blankfein, (Goldman Sachs)

After 12 years at the helm of Goldman Sachs, CEO Lloyd Blankfein announced his resignation in early 2018. He was replaced by the company’s president

and chief operating officer, David Solomon.

Blankfein, 64, held several positions within the company, including vice chairman, president and chief operating officer. Blankfein succeeded

رقم 47 على قائمة فوربس لأقوي الشخصيات في العالم لـ2018، وقال في رسالة وداع لزملائه “عندما تكون الأوقات صعبة، لا يمكنك الرحيل،

وعندما تكون الأوقات أفضل، فأنت لا ترغب في الرحيل”.

Blankfein’s final days at the company were clouded by disappointment over Goldman Sachs’ share price, which was down 33% from the previous year,

its steepest decline, which came last fall amid growing controversy over allegations that the company was linked to a scheme to launder $2.7 billion from

a Malaysian fund several years ago.

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Ian Read, (Pfizer)

After eight years at the helm of one of the world’s largest pharmaceutical companies, Ian Read announced that he would step down as CEO of Pfizer. Read was the

A company man, he joined the pharmaceutical giant in 1978 as an operations auditor. In the years that followed, he held several positions, including CFO of

Pfizer Mexico, country manager in Brazil, head of its international pharmaceuticals group, and head of the group’s biopharmaceutical business.

مستوي العالم.

During Read’s tenure as CEO, he pursued overseas acquisitions to help Pfizer avoid U.S. tax penalties. Read,

who was 65, was unsuccessful, allowing targets such as AstraZeneca and Allergan to slip away, while he was vilified by

American politicians for his efforts.

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Les Moonves, (CBS)

CBS’s Les Moonves made headlines when more than ten women came forward accusing the CEO of misconduct and sexual assault,

Dating back to the 1980s and detailed in a series of news media reports, the allegations were denied by 68-year-old Moonves,

and in September, the CBS board forced him to step down, making him the latest high-profile figure in entertainment to be brought down

by allegations of misconduct.

In December, CBS announced that Moonves would not receive a cent of his $120 million severance package, which he was entitled to

under his contract, after an internal investigation found that he had violated company policy. However, Moonves is far from destitute: the former CEO’s

fortune is estimated at $800 million, of which $500 million came from selling CBS shares.

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Sergio Marchionne, (Fiat-Chrysler)

In the summer of 2018, the automotive industry lost a true giant when Fiat Chrysler CEO Sergio Marchionne died at the age of

66 from complications following shoulder surgery.

Highlights of Marchionne’s career include leading the comebacks of both Fiat and Chrysler. He took the helm at Fiat as its CEO

in 2004. He then astutely acquired Chrysler in 2009 for virtually nothing, after it emerged from bankruptcy,

and today the company formed by their merger under his leadership is worth ten times what it was when he took charge.

Forbes contributor Ed Garsten, who worked with Chrysler both before and after Marchionne took over the company, recalls the arrival of the CEO

التنفيذي الراحل إلى المشهد، والتعزيز الإيجابي الذي أعطاه لموظفيه الجدد في خطابه الأول في شركة (Chrysler)، ويكتب غارستين “في غضون

about 30 minutes, in his gravelly, accented voice, Marchionne came forward to say the words that made the past two years seem to disappear, conveying a message of hope,

ووعد، وفوز، بأننا جميعا في ذلك معاً، يتخللها القليل من الفلسفة، باللغة السواحلية”.

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Martin Sorrell, (WPP)

WPP, one of the world’s largest advertising and marketing companies, lost its CEO and founder, Martin Sorrell, this year. He had led

the company for 33 years.

Sorrell’s departure came amid vague allegations of misconduct, prompting WPP’s board to hire an outside law firm to investigate its chairman

The executive, and the investigation’s findings were never disclosed. Sorrell later resigned and was replaced by the company’s chief operating officer, Mark Read.

Sorrell, 73, a British entrepreneurial icon, took over WPP in the mid-1980s, turning it into a holding company

قابضة لإمبراطوريته التسويقية المخططة، وقد كان في السابق المدير المالي لشركة الدعاية، (Saatchi & Saatchi)، وضمنت استراتيجيته

of making acquisitions through hostile takeovers drove WPP’s rapid growth—and mounting debt—over the years. Last year, the conglomerate generated nearly $19.3 billion in revenue,

and Sorrell himself earned $68 million.

But Sorrell’s business career wasn’t over. Shortly after resigning from WPP, he began getting his latest venture off the ground: a services company

Etisalat names (S4).

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Brian Krzanich, (Intel)

(Intel) celebrated its 50th year in business this year and bid farewell to its CEO of five years, Brian Krzanich, who was ousted after it was revealed

that he had a consensual relationship with a subordinate colleague, violating company policy. He was replaced by the company’s CFO, Robert H. Swan.

Krzanich, 58, began his career at (Intel) in 1982 as an engineer at a chip factory in New Mexico. Over the years, he held

a number of positions at the tech giant, including chief operating officer. Krzanich was a member of Donald Trump’s American Manufacturing Council, which

included Elon Musk of (Tesla), as well as Kevin Plank and Michael Dell of (Under Armour). He resigned from the council following Trump’s response to

“تجمع توحيد الحقوق” في عام 2017، والذي أدى إلى وفاة أحد المتظاهرين المعارضين، وإصابة العديد.

Last November, Krzanich announced that he had found a new job, taking the role of CEO at software company CDK Global,

which is based in Illinois.

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Bob Sauerberg, (Condé Nast)

Condé Nast announced in November that its CEO, Bob Sauerberg, would step down once a suitable replacement was found,

His departure comes just a few months after Sauerberg outlined a plan to return the publishing group to financial solvency within two years, and the company says

Condé Nast will stick to Sauerberg’s plan.

Swerberg’s successor will take on a more powerful role, overseeing both Condé Nast and Condé Nast International, operations that have traditionally been led

by two different CEOs.

Swerberg joined the company in 2005, was named president five years later, became CEO in January 2016, and launched

Condé Nast Entertainment during his tenure as head of the company.