For 2018, some business leaders fear that the greatest innovations could also prove to be the greatest threats to current business models. Protiviti recently released a report of the top risks for 2018 based off of a survey of more than 700 c-suite executives and board members.
Joe Tarantino is the CEO of Proviti. He joins Cheddar to break down the findings. Tarantino explains that the chief issues include disruptive innovation, digitalization, cyber threats and shifts in corporate culture.
Protiviti was named a 'Best Places to Work in 2018' by the Glassdoor Employees' Choice Award. Tarantino said it is an award the company is proud of and not one they take lightly.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
