Week in review: NBCUniversal, Away, Tesla, and more!
NBCUniversal CEO Steve Burke is expected to depart next year, Away CEO Steph Korey steps down amid criticism of fostering a toxic work culture and Tesla loses its third general counsel in the last year.
Every week we bring you an overview of the most important executive changes from around the world. This week, NBCUniversal CEO Steve Burke is expected to depart next year, Away CEO Steph Korey steps down amid criticism of fostering a toxic work culture and Tesla loses its third general counsel in the last year. Read more about this and other notable executive changes:
NBCUniversal CEO Steve Burke to Depart Next Year, Jeff Shell Expected to Succeed Him
NBCUniversal chief executive Steve Burke is expected to step down next year, and his most likely successor is Jeff Shell, who is now chairman of NBCUniversal Film and Entertainment according to Variety. Burke, who is also a senior vice president of NBCUniversal’s parent Comcast Corporation, has been planning his departure for a period of time, and in January unveiled a major shakeup of NBCUniversal’s top executive ranks that set up Shell to potentially replace him. Read more here.
Away CEO Steph Korey Steps Down Amid Criticism of Fostering Toxic Work Culture
Away, the trendy luggage brand that achieved unicorn status earlier this year with a valuation of $1.4 billion, said that its CEO and co-founder, Steph Korey, is stepping down. This comes just days after a report from The Verge highlighted the company’s toxic workplace culture and criticized Korey’s harsh treatment of employees citing several former company employees who described a culture of intimidation where employees were berated on public Slack channels. Read more here.
Tesla Loses its Third General Counsel in the Last Year
The executive exodus at Tesla continues as Jonathan Chang leaves the company to serve as general counsel at SambaNova, an AI chip start-up. Tesla has now lost three general counsels in the past year including Todd Maron who left the company in December 2018 and Dane Butswinkas who left the company in February 2019. Read more here.
Condé Nast Names Former Sotheby’s and Stitch Fix Executives to CFO and CMO Roles
Condé Nast has added new C-level executives to its leadership team after the appointment of Roger Lynch as CEO in April of this year. The company announced that Mike Goss, who was previously executive vice president and CFO of Sotheby’s, will be its new finance chief, and former Stitch Fix CMO, Deirdre Findlay, will assume the CMO role. Both Goss and Findlay will commence their position in January 2020. Read more here.
Salesforce Promotes Bret Taylor to President and COO
Salesforce announced that it is promoting Bret Taylor to president and chief operating officer of the company. Taylor has been the company’s president and chief product officer since November 2017. He joined Salesforce in 2016 when the company acquired Quip, the cloud-based word processing app that he co-founded with ex-Google tech lead Kevin Gibbs in 2012, for a reported $750 million. Read more here.
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