CEOs of Tomorrow

  1. CEOs of Tomorrow
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    CEOs of Tomorrow

    So far this year 493 chief executives have left their jobs, according to outplacement firm Challenger, Gray & Christmas. It’s likely that an equal number of boards have launched searches for a successor. But finding just the right replacement is tricky. Should the new leader execute the current strategy, or does the board believe there’s a need for a new vision? No wonder headhunters keep tabs on executives they see as strong candidates to run their own show. Some have held the CEO title before, others have strong international experience, and some are masters of strategy. We asked several headhunters to share with us the names of some of the executives to hit their radar.
  2. Candidates for the Corner Office
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    Candidates for the Corner Office

    Vindi Banga, 56
    Operating partner, Clayton, Dubilier & Rice

    A former top exec at Unilever, Vindi Banga resigned from the consumer goods giant in March 2010, about a year after Unilever's board chose Paul Polman as CEO. (The board picked Polman over Banga.) A few months later Banga joined the London office of private equity firm Clayton, Dubilier & Rice. Banga worked at Unilever for 33 years, most recently as president for global foods and home and personal care, where he oversaw all of Unilever's brands, including Dove and Lipton. He knows emerging markets, such as his native India, very well.
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    Candidates for the Corner Office

    John Compton, 50
    CEO, Americas Foods, Pepsico

    The son of entrepreneur parents and a graduate of the University of Tennessee, Compton started at PepsiCo right out of college, when a recruiter suggested he work at the company instead of in banking, his planned career. As head of the salty snacks division of Frito-Lay North America, he streamlined the ordering and delivery process. Since 2007, he has led PepsiCo Americas Foods, which accounts for 37 percent of company revenue and more than half its profit. Compton is viewed as a possible successor to PepsiCo's current CEO, Indra Nooyi.

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    Candidates for the Corner Office

    Brian Cornell, 52
    CEO, Sam’s Club

    Since leaving arts and crafts retailer Michael's Stores in 2009 to run Sam's Club, Wal-Mart's then-struggling warehouse club business, Cornell has turned the $50 billion unit around by recruiting new members and adding more fresh foods to the shelves. Same-store sales rose 4.2 percent last quarter. As an outsider, he's unlikely to succeed Wal-Mart CEO Mike Duke, which makes the former PepsiCo executive a top target of CEO headhunters.

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    Candidates for the Corner Office

    Terrie Curran, 42
    Senior vice-president, global women’s health, Merck

    An Australian by birth, Terrie Curran runs Merck’s $3.2 billion women’s health unit, which sells everything from contraception to hormone replacement therapy. She arrived at Merck when the merger with Schering Plough went through in November 2009 and helped employees integrate while developing a global strategy for women’s health products.

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    Candidates for the Corner Office

    Dave Donatelli, 46
    Executive vice-president, Hewlett-Packard

    In only two years at Hewlett-Packard, Dave Donatelli has made his mark. When second-quarter results were announced in April, revenue at Donatelli’s division, which sells servers, storage devices, and networking gear to corporate customers, was up 15 percent and his group’s operating margins jumped 13 percent. No wonder HP’s new CEO, Leo Apotheker, recently asked Donatelli to report directly to him. It was a promotion without the change in title. Donatelli moved to HP after 22 years at EMC, where his last position was president of the storage division.

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    Candidates for the Corner Office

    Brian Goff, 42
    Vice-president, primary care business unit, Novartis

    In 2010, Brian Goff led the move to sell the bladder drug Enablex to an Irish pharmaceutical company for $400 million. The market reacted favorably to a more streamlined Novartis. This year he led the effort to launch two new drugs to treat high blood pressure and inflammatory disease.

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    Candidates for the Corner Office

    Melanie Healey, 50
    Group vice-president for North America, Procter & Gamble

    As Procter & Gamble's group vice-president for North America, she oversees P&G's largest market, which accounts for about 40 percent of total company revenue. Big accomplishments include the launch of Tampax Pearl, as well as sanitary pads for developing nations. Healy, a native of Rio de Janeiro, has a deep understanding of international markets: She started at P&G in 1990 as a brand manager for Phebo soap sold in Brazil and also serves on the board of Bacardi.

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    Candidates for the Corner Office

    Thomas Hogan, 51
    Former executive vice-president, sales and marketing, Hewlett-Packard

    Thomas Hogan resigned from Hewlett-Packard in May after five years at the company. During his tenure, he tripled software revenue (mostly through acquisitions), positioning HP as a more comprehensive supplier of enterprise software. Before joining HP, Hogan was CEO of Vignette, a business software company.

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    Candidates for the Corner Office

    Mark Hurd, 54
    Co-president, Oracle

    As CEO of Hewlett-Packard, Mark Hurd became known for his cost-cutting skills. He left HP last August in the midst of a sexual harassment scandal. Last September, Oracle CEO Larry Ellison hired Hurd as a co-president and appointed him to the board.

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    Candidates for the Corner Office

    Mary Laschinger, 51
    Senior vice-president, International Paper

    Mary Laschinger handles North American distribution for International Paper. She has had plenty of international experience after five years of overseeing operations and joint ventures for Europe, Russia, the Middle East, and Africa.

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    Candidates for the Corner Office

    Andrew Mackenzie, 54
    Group executive, BHP Billiton

    A rare executive with extensive experience in mining as well as oil and gas, Mackenzie was recruited for a top spot at BHP Billiton from Rio Tinto, where he was chief executive of the diamonds and industrial minerals product group.

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    Candidates for the Corner Office

    Michael Pagano, 45
    Executive vice-president, City National Bank

    Michael Pagano’s star started to rise at Bank of America, where he oversaw a 25 percent profit surge as regional president for the southwest. At City National Bank, Pagano has expanded sales in the high net worth division by 50 percent in the past three and a half years.
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    Candidates for the Corner Office

    Michael Polk, 50
    President, global foods, home and personal care, Unilever

    When Michael Polk left Kraft Foods in 2003, company insiders were devastated, feeling as if Kraft’s future CEO had just walked out the door. With a Harvard MBA, a three-year stint at Procter & Gamble, and Asian experience on his résumé, Polk is an ideal corner-office candidate. Since June 2010 he has served as president of Unilever's global foods and home and personal care arm, overseeing the development of all the company's brands and product categories worldwide. He is also on the board of Newell Rubbermaid, which is searching for a CEO—and some recruiters say Polk might get it. (Newell Rubbermaid declined to comment.)

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    Candidates for the Corner Office

    Carol Roberts, 51
    Senior vice-president, industrial packaging, International Paper

    Carol Roberts is the first woman to run a paper mill for the company. She led the acquisition of Weyerhauser’s packaging business in 2008, which more than doubled the size of International Paper’s industrial packaging capability.

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    Candidates for the Corner Office

    Carlos Rodriguez, 46
    President and chief operating officer, Automatic Data Processing

    Heir apparent at Automatic Data Processing, Carlos Rodriguez was promoted to president and chief operating officer in June. He was president of ADP TotalSource, a unit he expanded into one of the largest employment agencies in the country.

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    Candidates for the Corner Office

    Arthur Rubinfeld, 57
    President, global development, Starbucks

    Arthur Rubinfeld was rehired by his old employer in February 2008. In his first tour, he helped define Starbucks during crucial years as the senior vice-president for real estate and store development. Rubinfeld was brought back with added responsibilities for selection, design, and concept of stores globally. Starbucks stock is up 87 percent since he rejoined the company.

    (Corrects spelling of Arthur Rubinfeld's last name)

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    Candidates for the Corner Office

    John Scaramuzzo, 47
    Senior vice-president, Smart Modular

    John Scaramuzzo has spent the past 23 years in storage design, most recently heading Smart Modular's storage business. In previous positions, he drove high-end innovation at disk-drive maker Maxtor. At Seagate, which acquired Maxtor, he made quality control an integral part of the design process.

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    Candidates for the Corner Office

    Ed Shirley, 54
    Vice-chairman, Procter & Gamble

    Vice-chairman of Procter & Gamble’s $27 billion beauty and grooming unit, which includes the Gillette and Pantene brands, Shirley will step down from his job in July and leave the company in January. Shirley joined P&G in 2005 when the company acquired Gillette, where he had worked for more than 25 years as CEO Jim Kilts' right-hand man. Considered unlikely to rise to CEO at P&G, given his outsider status, Shirley is highly sought by recruiters for his international sales and marketing experience.

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    Candidates for the Corner Office

    Stewart Stockdale, 48
    Executive vice-president, Western Union

    As president of Western Union’s global consumer financial services, Stewart Stockdale oversees nearly all the company’s business. What brought Stockdale to the attention of Western Union was his pioneering work with prepaid cards in the chief marketing position at Simon Property Group in 2002.

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    Candidates for the Corner Office

    Greg Summe, 54
    Managing director, Carlyle Group

    Greg Summe led PerkinElmer for more than a decade. During that time he shifted the company from a defense contractor to a business focused on diagnostics, DNA sequencing, and development of new drugs. He left PerkinElmer to launch a career in private equity, first with Goldman Sachs Capital Partners in 2008. and later with Carlyle in 2009.

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    Candidates for the Corner Office

    Rob Tarkoff, 42
    Senior vice-president, Adobe

    Rob Tarkoff joined Adobe in April 2007 and is seen as a likely successor to Adobe’s CEO, Shantanu Narayen. Tarkoff oversees Adobe's more than $1 billion digital enterprise business.

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    Candidates for the Corner Office

    Kweli Thompson, 37
    Vice-president, global marketing, Medtronics

    As director of clinical research at Medtronic’s vascular group, Thomspon brought a drug-releasing stent to market that brought in $81 million in revenue in the first three months. He moved up through the cardiovascular group to his current position, where he has worked on four product launches that resulted in record revenue and increased market share.

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    Candidates for the Corner Office

    Linda Yaccarino, 48
    Executive vice-president and chief operating officer, Turner Broadcasting

    Linda Yaccarino is behind a push at Turner Broadcasting to make advertising more contextual. The idea is to follow a driving scene in a movie with an ad for a car. She was promoted to her current position in January 2009 and oversaw the purchase of such popular shows as The Mentalist, The Big Bang Theory, Wipe-Out, and Hawaii Five-O.