Week in review: Nokia, Nordstrom, Gap, and more!

Anne Chou March 8, 2020
Week in review
Week in review

Nokia chief executive Rajeev Suri is stepping down after more than a decade in the leadership role, Erik Nordstrom is named as the sole CEO of Nordstrom, and Gap promotes the chief executive of its Old Navy brand to be its new CEO. Read more about this and other notable executive changes:

Nokia CEO Rajeev Suri to Step Down; Pekka Lundmark to Succeed Him

Nokia president and CEO Rajeev Suri is stepping down after more than a decade in the leadership role. He is succeeded by Pekka Lundmark, the chief executive of Fortum, a leading Finnish energy company. Read more here.

Erik Nordstrom Named as Sole CEO of Nordstrom Ending Co-President Structure

Nordstrom announced that Erick Nordstrom will be the sole chief executive officer of the company, ending an unconventional shared management structure. Read more here.

Gap Looks Within to Old Navy Boss to Take Over as CEO

Gap promoted Sonia Syngal, chief executive of its Old Navy brand, to be its new CEO, four months after the abrupt exit of then-CEO Art Peck. Read more here.

Saks Parent CEO Helena Foulkes to Step Down

Helena Foulkes, the CEO of Saks Fifth Avenue’s parent company Hudson’s Bay Co., is stepping down. Richard Baker, Hudson’s Bay executive chairman, will succeed Foulkes as chief executive. Read more here.

Western Digital Appoints Cisco Executive David Goeckeler as CEO

Western Digital tapped David Goeckeler, executive vice president and general manager of Cisco’s networking and security business, as its new CEO succeeding Steve Milligan. Read more here.

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