This was announced 07/30/26 so it’s pretty old news and not sure why it’s posted.
For anyone unsure of the differences, here they:
Hierarchy: The CEO reports directly to the board of directors. The president usually reports to the CEO.
Focus: The CEO plans long-term strategy, shapes the company vision, and handles big-picture goals. The president oversees short-term execution, internal leadership, and day-to-day operations.
External vs. Internal: The CEO acts as the public face of the company for investors, media, and shareholders. The president focuses inward, managing internal teams, department heads, and daily workflow.
Combined Roles: In smaller companies, one person often holds both the CEO and president titles. In larger corporations, the roles are split, and the president often functions similarly to a Chief Operating Officer (COO).
So it looks like Raul is still the boss.