Thibaut gone
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Was wondering why the stock was getting a small bump this morning. Either way a pretty blunt departure message. He’ll get to avoid giving the Q2 earnings call.
Thibaut aside, the rest of the message clearly suggests more major changes coming soon.
Should have happened two years ago along with his rube or clown (however you see it) tillet
It was necessary. The people who got us “here” will not be the ones to get us “there.” We need competitive products and competitive channeling in an era where premium brands are not purchased at Walmarts anymore.
Need to get rid of the regime. Total expensive hacks, who’s going to want to lead this sinking ship? Turn around or break up ceo, you’ll know approach based on profile the board brings on.
The whole group needs to go honestly, including the regional group presidents. Not sure who I would keep if I were starting this from scratch. Pull the proverbial band-aid off and start making meaningful changes now!! These are great brands that need great leadership and vision. The products aren't the problem. Their performance is a reflection of the leadership they have been managed under.
Sadly, he is a very nice man who had his board "managing" him from day one. They kept information from him and threatened those who spoke up with poor performance reviews or forced them out. It is still on him, though; as a CEO, you need to be relentless about facts, data, and real strategies backed by execution, not just PowerPoint presentations.
Two year tax agreement window with J&J ends in August that prevented a takeover. Now we have a P&G guy to decide what price P&G will buy us for.... The good thing about that is that P&G will keep everyone for a few years as they work out who is worth moving to Ohio. (that wont be many)
He was the head of consumer for nearly 8 years - the board wasn’t around until the last two; all the while the company has sputtered along.This all falls on his shoulders. The ring leader the circus he set up
and now we play the waiting game to see which company our emails will change to
I was recently riffed, wonder if thibauts going to take advantage of the employeee resources. The guy only worked at 2 companies his entire career. Great job board, sorry current employees, you’re on your way out soon.
lol gold. Enjoy the view on the way down.Exclusive Drone Footage from Summit HQ:
Hi Thibault, nice to see you here.
In all seriousness, the only reason consumer "succeeded" as a part of JnJ was because the savings leveraged from the size and shared resources of corporate made up for the horrendous processes, ridiculous execution, and stupidly risk-averse culture. Kenvue was never going to thrive after the separation without major operational and culture shifts, neither of which had any chance of happening with legacy JnJ leadership running things. Anyone with 2 brain cells to rub together could see that.
JnJ and Joaquin just wanted someone bland and boring, someone who wouldn't rock the boat and crater the share price before they could legally dump their position. The company, brands, employees, and loyal customers be damned.
It would've been nice for the employees and people who care about this company and the brands and the people who buy the products for leadership to have given us a chance to succeed right after separation. This would've meant cleaning house and appointing bold, new leadership, but our path was solidified when they chose Thibault and the ineptitude that filtered down from there...
He’s already scrubbed from the website. Very 1984. Imagine getting fired over the weekend and every issue blamed on you. Good riddens but you’re still a multimillionaire.