Palatine, Illinois-based Weber, the iconic smoker, barbecue grill, cookware, and accessories manufacturer and distributor, has announced a reorganization and a major change in management driven by post-pandemic market and financial conditions.
The company replaced CEO Chris Scherzinger with current Chief Technology Officer and former Royal Dutch Shell senior executive Alan Matula as interim CEO while the company conducts a search for a permanent CEO.
Further details of an operational reorganization and a reduction in force are forthcoming on August 15, 2022, when the company reports its fiscal third-quarter results.
As with all CEO replacements, it is inevitable for the new executive team to severely reduce expenses, especially headcounts, to signal their value to the Board and Wall Street.
According to a company spokesperson, “We are taking decisive action to better position Weber to navigate historic macroeconomic challenges, including inflationary and supply chain pressures that are impacting consumer confidence, spending patterns, and margins.”
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?