Week in review
Every week we bring you an overview of the most important executive changes from around the world. This week, Google co-founders Larry Page and Sergey Brin stepped down from their executive roles at the online giant’s parent company, United Airlines CEO Oscar Munoz will leave the role in May and be succeeded by Scott Kirby, and Expedia’s CEO and CFO resign in a surprise leadership shakeup as Barry Diller takes over. Read more about this and other notable executive changes:
Google Co-Founders Larry Page and Sergey Brin Relinquish Management Roles
Google co-founders Larry Page and Sergey Brin announced in a joint letter published to Google’s public blog that they have relinquished their executive roles at the internet giant’s parent company Alphabet to Google’s current CEO Sundar Pichai. While Page and Brin are stepping back from the day-to-day management of the company in their respective roles as chief executive officer and president, they will retain their board seats and still jointly control a majority of the voting power over company decisions. Read more here.
Oscar Munoz to Step Down as CEO of United Airlines
United Airlines announced that CEO Oscar Munoz will be stepping down in May after almost five years at the company handing over the reins to the company’s president, Scott Kirby, a veteran of the airlines industry. Munoz will transition to the role of executive chairman of United’s board of directors in May 2020. Read more here.
Expedia CEO and CFO Quit in Clash with Barry Diller and the Board
Expedia Group Inc.’s CEO Mark Okerstrom and CFO Alan Pickerill have resigned effective immediately after a disagreement with Expedia Chairman Barry Diller and the board over the company’s strategy as it attempted to reorganize its portfolio of brands last year. Expedia said that Diller and Vice Chairman Peter Kern will oversee the company’s day-to-day operations while the board focuses on the long-term leadership plan. Read more here.
Wells Fargo Hire New Chief Operating Officer Scott Powell
Wells Fargo & Co. announced that Scott Powell will step into the chief operating officer role on December 9, and report directly to CEO and President Charles Scharf. Powell was most recently CEO of Banco Santander Holdings USA and CEO of Santander Consumer USA Holdings where he oversaw its turnaround, including addressing regulatory issues, implementing operational controls and boosting profitability. Read more here.
LinkedIn's Chief People Officer Resigns Over Compliance Issues
Christina Hall has resigned as Chief People Officer at LinkedIn because of an internal “compliance” issue. According to a Bloomberg report, which cited sources familiar with the matter, Hall resigned after breaking internal compliance rules but the details are not public yet. Read more here.
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