Clark resigned, handing the reins back to founder and “executive chair” Ryan Petersen after just one year on the job. But all signs point to strategic differences with the company’s former CEO and current “executive chair” Stefano Pessina. Which raises the question: What is an “executive chair”? And if the executive chair is a former CEO, does the new one really have freedom to pursue change? Some takeaways: The executive chair position is on the rise—up 50% over the last decade.

Source: Forbes September 07, 2023 21:14 UTC