Home Depot Inc.’s promotion of Craig Menear to president of its U.S. retail division is part of a succession plan for Chief Executive Officer Frank Blake, according to a person with knowledge of the situation.
Archer-Daniels-Midland Co. Chief Operating Officer Juan Luciano took on the additional role of president, a title previously held by the current chairman and chief executive officer of the world’s largest corn processor.
Billionaire John Malone has set his succession plans in motion by giving the chief executive officers of Discovery Communications Inc. and Liberty Global Plc the right to buy his stakes should he decide to sell.
Natural Gas Partners, part of an investment firm backed by Carlyle Group LP, is preparing to seek $4.5 billion for a private-equity fund after co-founder David Albin scaled back his role as part of succession planning, two people familiar with the matter said.
Abercrombie & Fitch Co. separated its chairman and chief executive officer roles almost two months after activist investor Engaged Capital LLC urged the teen- clothing retailer to start a search for a new CEO.