The 10 Most Important Executive Moves This Week

George PaulPeople on the Move
Trish Donnelly

Trish Donnelly is named CEO of PVH Americas. Image Source: PVH Corp.

This week, a top McDonald's leader said he would step down after 50 years, Monzo hired a US CEO, Goldman Sachs snagged a former Stripe exec to lead its D2C efforts, and SoundCloud added a former Spotify exec to its board.

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. Charlie Strong Leaves McDonald's After 50 Years at the Company

McDonald USA's Chief Field Officer, Charlie Strong, will be retiring after more than 50 years at the company. Strong led strategy, talent, and brand development at McDonalds. He helped deliver long term growth strategies for over 5,700 restaurants in the United States and became zone president in 2014.

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2. Eli Lilly CFO Resigns After Investigation Reveals 'Inappropriate Communication' with Employees

Eli Lilly and Co CFO Josh Smiley has resigned after allegations of “an inappropriate personal relationship” with another Lilly employee prompted an investigation. The American pharmaceutical company announced on Tuesday that Anat Ashkenazi will be stepping into the CFO role.

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3. U.K. Challenger Bank, Monzo, Appoints New U.S. CEO

Monzo, a British challenger bank with almost 5M users, has appointed Carol Nelson as their new U.S. CEO. After announcing their ambitions to expand operations in the U.S. in 2019, Monzo has since only seen a tentative soft launch of their product. Their U.S. team consists only of ten people, supporting a handful of customers. By bringing Nelson to its team, the company hopes to scale its customer base in the U.S.

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4. Fox News Retains CEO Who Turned the Network’s Culture Around

Suzanne Scott the CEO of Fox News Media, which encompasses the company’s flagship Fox News Channel and Fox Business Network, has signed a new multi-year contract to remain in her current role. Scott, who reports directly to Lachlan Murdoch, the Executive Chairman and CEO of the Fox Corporation, first assumed the role as the network’s first female CEO in May 2018.

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5. Goldman Sachs Snags Former Stripe Exec as D2C Leader

Goldman Sachs has hired Swati Bhatia to lead its direct-to-consumer (D2C) business, according to Reuters. Bhatia, a payments veteran, will report to Omer Ismail, the Goldman Sachs partner in charge of the investment bank’s consumer banking business.

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6. P&G Appoints Boeing Executive to Its Board of Directors

Proctor & Gamble announced Wednesday that B. Marc Allen will be appointed to its Board of Directors. Allen currently works as the chief strategy officer and senior vice president of strategy and corporate development at Boeing. His board position will go into effect immediately.

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7. PVH Americas Names Industry Veteran Trish Donnelly as New CEO

Trish Donnelly will be joining PVH Americas as the new Chief Executive Officer. She will be reporting to Chief Executive Officer Stefan Larsson. The new regional approach of management has been adopted from PVH’s European structure. Donnelly will be responsible for leading the company’s North America-based brands including Calvin Klein and Tommy Hilfiger.

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8. The Associated Press Promotes Chief Revenue Officer to COO

The Associated Press promoted chief revenue officer Daisy Veerasingham to executive vice president and chief operating officer on Wednesday. Veerasingham will be responsible for overseeing all AP departments, including the company’s news, business and technology operations. All of these departments will report jointly to her and president and CEO Gary Pruitt.

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9. SoundCloud Adds Former Spotify Exec to Its Board

SoundCloud announced that it has added Troy Carter, a veteran music industry executive, to its Board of Directors. As a member of SoundCloud’s board, Carter will serve as a strategic advisor to CEO Michael Weissman and the rest of the board on music industry topics such as new business models, artist development, and artist services.

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10. Alteryx Adds New Product Chief to Make Machine Learning and AI More Accessible

Alteryx has appointed Suresh Vittal as its new Chief Product Officer, placing him in charge of the company’s Product Management, Engineering, and Development organizations. When Vittal begins his new role on February 22 he will report directly to CEO Mark Anderson.

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