Week in review: Groupon, Facebook, Under Armour, and more

Anne Chou
Week in review

Week in review

As the coronavirus pandemic continues to upend the global economy, its impact is being felt in industries well beyond the hardest hit – travel, restaurants and hospitality, and across the spectrum of the workforce from blue-collar to white-collar workers. At the top, executives at a number of major companies have agreed to cuts, freezes or forfeitures of salaries and bonuses in recent weeks to help mitigate the consequences of the coronavirus crisis, and in a show of solidarity to employees.

The slowdown in executive movement that we saw last week continued this week, with the notable moves of the week all being departures.

This week, Groupon saw a C-suite shakeup, another high-ranking C-suite executive is leaving Under Armour, and Facebook’s board had another surprise departure. Read more about this and other notable executive changes:

Groupon C-Suite Shakeup with Both CEO and COO Stepping Down

Groupon chief executive Rich Williams stepped down and will be replaced on an interim basis by a company insider. Steve Krenzer is also leaving his role as chief operating officer. Read more here.

Under Armour Chief Product Officer Kevin Eskridge to Step Down

Longtime Under Armour executive, Kevin Eskridge, will step down as chief product officer of the Baltimore-based sportswear company this summer to pursue other interests. Read more here.

Another Reshuffle for Facebook’s Board

Facebook’s board suffered its fifth exit in a year with the surprise departure of Jeffrey Zients, a businessman and former economic advisor to President Obama. Read more here.

Avis General Counsel Michael Tucker Leaves the Company

Avis Budget Group General Counsel Michael Tucker is leaving the company after 10 years in the role, and will be replaced by Avis corporate secretary Jean Sera. Read more here.

Meri Williams Steps Down as CTO of Digital Bank Monzo

Meri Williams has stepped down as the chief technology officer of fast-growing, U.K. challenger bank Monzo. Co-founder and former CTO Jonas Templestein will reportedly step back into the role. Read more here.

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