Which 10 CEOs or business leaders are leading successful turnaround efforts for their companies?
1. Brian Chesky – CEO of Airbnb: Chesky led a successful turnaround effort for Airbnb during the COVID-19 pandemic by pivoting the company’s focus from short-term rentals to longer-term stays, adapting to changing travel demands and ensuring sustained revenue.
2. Mary Barra – CEO of General Motors: Barra implemented a successful turnaround at General Motors by streamlining operations, focusing on higher-margin vehicles, and investing in electric and autonomous vehicles to stay competitive in the rapidly changing automotive industry.
3. Satya Nadella – CEO of Microsoft: Nadella executed a successful turnaround for Microsoft by shifting the company’s focus from software licenses to cloud-based services, leading to significant revenue growth and market dominance in the cloud computing market.
4. Ginni Rometty – Former CEO of IBM: Rometty led a successful turnaround effort for IBM by driving the company’s transformation into a cloud and AI-focused business, divesting low-growth divisions, and making strategic acquisitions to position IBM for future growth.
5. Herbert Diess – CEO of Volkswagen Group: Diess has been leading a successful turnaround effort at Volkswagen by focusing on electric and autonomous vehicles, streamlining operations, and investing in new technologies to regain consumer trust after the emissions scandal.
6. Hubert Joly – Former CEO of Best Buy: Joly orchestrated a remarkable turnaround for Best Buy by revamping its online presence, improving customer service, optimizing operations, and enhancing product offerings, resulting in increased sales and profitability.
7. Ajay Banga – Former CEO of Mastercard: Banga led a successful turnaround effort at Mastercard by transforming the company into a technology-focused payments platform, expanding its global footprint, and driving innovation to remain competitive in a rapidly evolving digital payments landscape.
8. Kevin Johnson – CEO of Starbucks: Johnson implemented a successful turnaround strategy for Starbucks by revitalizing the company’s brand, improving operational efficiency, expanding delivery options, and investing in digital initiatives to enhance customer experience and combat competition.
9. Alan Jope – CEO of Unilever: Jope has been leading a successful turnaround effort at Unilever by focusing on sustainable and purpose-driven brands, divesting underperforming divisions, and investing in digital capabilities to meet changing consumer preferences and drive growth.
10. Jim Hackett – Former CEO of Ford Motor Company: Hackett implemented a successful turnaround strategy at Ford by accelerating the development of electric and autonomous vehicles, focusing on SUVs and trucks, restructuring operations, and cutting costs to improve profitability.
