From Walmart to Nestle, CEO churn sweeps global consumer goods makers
In 2025, several global consumer goods companies announced major CEO changes. Kraft Heinz appointed Steve Cahillane as CEO ahead of a planned split. Unilever replaced Hein Schumacher with Fernando Fernandez. Stanley Black & Decker, Hershey, Hindustan Unilever, Kenvue, Diageo, Procter & Gamble, Target, Nestle, Walmart, Kohl's Corp, Coca-Cola, Altria, and Lululemon Athletica also made significant leadership changes, reflecting a trend of CEO churn in the industry.