---
title: "Consumer Cos Down, but Not by Much, as Fuel Fears Subside — Consumer Roundup"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290616200.md"
description: "Consumer stocks dipped slightly as moderating fuel prices offset risk aversion. Heineken appointed Rafael Oliveira as CEO, ending leadership uncertainty. Avis Budget will collect $650 million from shareholder Pentwater Capital to resolve stock volatility disputes. Nike shares rose after appointing former Pfizer executive David Denton as its new CFO."
datetime: "2026-06-23T22:52:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290616200.md)
  - [en](https://longbridge.com/en/news/290616200.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290616200.md)
generator: "portal-rs"
---

# Consumer Cos Down, but Not by Much, as Fuel Fears Subside — Consumer Roundup

Consumer companies fell, but not by as much as the broad market, as a moderation in fuel prices offset a flight from risky sectors.

Heineken named Rafael Oliveira as its next chief executive officer, ending a period of uncertainty at the top of the world's second-largest brewer. 

Avis Budget said it would collect $650 million from one of its major shareholders, Pentwater Capital Management, to resolve an unusual spat in which it accused the hedge fund of fueling volatility in its stock. 

Nike shares ticked up in late trading after the sneaker maker appointed Pfizer executive David Denton as its next chief financial officer. 

Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

June 23, 2026 18:42 ET (22:42 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**