Week in review
This week, the government released data showing that the U.S. economy in the first quarter shrank at its fastest pace since the 2008 recession as the coronavirus pandemic shut down large parts of the country.
While much of executive hiring remains on hold, some companies such as UiPath and Monzo filled vacancies in leadership roles that are critical to helping it successfully navigate the economic crisis. Read more about this and other notable executive changes.
Uber’s CTO Resigns as the Company Reportedly Considers Major Layoffs
Uber’s chief technology officer and longest serving executive, Thuan Pham, resigned as the company reportedly considers laying off 20% of its employees to help it survive the coronavirus pandemic. Read more here.
Monzo Appoints American Express Executive Sujata Bhatia as New COO
Sujata Bhatia, a former American Express executive in Europe, joins Monzo as its new chief operating officer at an unstable time for many fintech companies amid the coronavirus crisis. Read more here.
UiPath Appoints VMware and Microsoft Executive Thomas Hansen as Chief Revenue Officer
Robotics process automation company UiPath appointed former VMware and Microsoft executive Thomas Hansen as its new chief revenue officer, where he will lead worldwide sales. Read more here.
PG&E Details Plan to Overhaul Board as it Emerges From Bankruptcy
PG&E detailed a planned overhaul of its board of directors in order to gain the support of California Gov. Gavin Newsom for its plan to exit bankruptcy in the coming months. Read more here.
Bed Bath & Beyond Appoints a New CFO, Digital Chief and Chief Legal Officer Amid its Turnaround Effort
Bed Bath & Beyond named former Avon finance chief, Gustavo Arnal, as its new CFO amid its ongoing $1 billion turnaround plan. The company also appointed a new chief digital officer, among other executives. Read more here.