What changed
Michael C. Colwell will become president and chief operating officer on October 1, 2026, and president, chief executive officer, and a director on January 2, 2027. Jeffrey L. Powell will remain CEO through January 2, 2027, then become executive chairman. Jonathan W. Painter will cease serving as chairman and director on January 2, 2027.
Why it matters
Michael C. Colwell will become president and chief operating officer on October 1, 2026, and president, chief executive officer, and a director on January 2, 2027. Jeffrey L. Powell will remain CEO th