The 10 Most Important Executive Moves This Week
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This week, Ferrari selected an unlikely CEO, GameStop found its CEO and CFO at Amazon, and Facebook lost its second major executive this year.
This week, Ferrari selected an unlikely CEO, GameStop found its CEO and CFO at Amazon, and Facebook lost its second major executive this year.
These are our top picks for the most important executive appointments and departures this week. For executive news updated daily, check out The Org's People on The Move.
1. GameStop Recruits its CEO and CFO From Amazon
After a months-long search, GameStop has a new CEO, Amazon’s Matt Furlong, who will step into the role on June 21. Alongside Furlong, the company also has recruited Mike Recupero, another Amazon exec, to serve as its new Chief Financial Officer, effective July 12.
2. Facebook Loses its Ads Boss, The Second Major Loss This Year
Carolyn Everson, the VP of Facebook’s Global Business Group, announced that she has left the company after more than a decade. Her role as the head of the Facebook's global business teams will temporarily be filled by its VP for Europe, Middle East, and Africa, Nicola Mendelsohn.
3. Twitter Furthers its African Ambitions With its Newest Board Member
Just a few months after its decision to establish presence in Africa, Twitter has further signaled its commitment to growing its reach on the continent by adding Mimi Alemayehou to its Board of Directors. Alemayehou joins the social media giant’s board alongside the departure of Jesse Cohn, a Partner at Elliott Management, one of Twitter’s largest shareholders.
4. Apple Lures Canoo Co-Founder to Work on its Secretive Car Project
Apple has made a major hire for its secretive automotive project, codenamed Project Titan by recruiting Canoo's Ulrich Kranz. According to Bloomberg, the Cupertino-based tech giant hired Kranz in the last few weeks and he will work with VP of Special Projects Doug Field, who now spearheads the car project.
5. Tesla Loses Key Executive and Head of Heavy Duty Trucking
Jerome Guillen, a veteran at Tesla and a key executive that was working on the Tesla Semi, a battery electric semi-truck, has left the company, as reported in a U.S. SEC filing on Monday. Guillen recently was moved to Head of Heavy Duty Trucking in March, a role that carried much less oversight than his previous one.
6. Magic Leap Purges Three Leaders and Rehires Another Amid C-Suite Remodel
Magic Leap no longer has its CTO, COO, and Chief Patent Officer, according to a report by Insider. Sources familiar with the matter told the news outlet that CTO Paul Greco and Chief Patent Officer David Lundmark will depart the augmented reality (AR) giant later this month, while COO Henk Vliestra will exit later in 2021.
7. HSBC Names Co-CEOs For Asia Pacific Unit
Effective immediately, HSBC has placed David Liao and Surendra Rosha in charge of its Asia Pacific division. The two new Co-CEOs take over from Peter Wong, who has announced his decision to retire and will transition to be the non-executive Chairman of HBAP.
8. Tech Exec Takes the Wheel as Ferrari’s CEO
Ferrari has a new CEO after former boss Louis Camilleri abbrupty announced he would step down after a bout of COVID-19 in December 2020. Now, Benedetto Vigna, a veteran tech executive will take one of the most coveted jobs in the automotive industry, effective September 1.
9. Jennifer Zephirin is Match Group’s First-Ever Head of Diversity, Equity, and Inclusion
Match Group named Jennifer Zephirin as its first-ever Head of Diversity, Equity, and Inclusion (DEI) today. Zephirin will report directly to the CEO Shar Dubey and will focus on developing racial and social equality across the company.
10. Poshmark CFO Anan Kashyap Stepping Down
Poshmark announced Monday that Chief Financial Officer Anan Kashyap will step down after five years with the company. Kashyap will officially leave his role in August after Poshmark’s second-quarter 10-Q filing is completed, and will remain in an advisory role through the end of the year.
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