Executive Moves

Executive Moves You Should Know About This Week (February 3, 2025)

By Taylor-Dayne Davis

Last updated: Feb 7, 2025

Each week we explore some of the top executive moves across every industry and highlight them here. This week, we look at changes to the leadership team at Sony, Amazon, TD Bank and more.

Sony

Multinational tech conglomerate Sony is set to undergo a whirlwind of executive changes. As Kenichiro Yoshida steps down from his 7-year tenure as CEO, previous CFO Hiroki Totoki will assume the role effective April 1. Totoki has a 38-year history with the global consumer electronics manufacturer and will lead its strategic growth in entertainment by leveraging its intellectual property.

Amazon

Buechel’s job description suddenly covers a larger scope as he bumps up to VP of Amazon’s Worldwide Grocery Stores, which includes Amazon Go and Amazon Fresh, while remaining CEO of Whole Foods. During Buechel’s leadership as CEO of Whole Foods, he expanded the organic, high-quality market chain to over 535 locations and catapulted record sales growth.

TD Bank

From anti-money laundering failures, a record $3.1 billion penalty payout, insufficient employee training, and negligent transaction monitoring, TD Bank has a list of scandals trailing behind its name. With a board overhaul and 5 members exiting, the infamous financial services corporation speeds up the appointment of new CEO, Raymond Chun, hoping to turn over a new leaf. Following an 89% pay cut, Bharat Masrani will retire, failing to salvage the bank’s image.

Coursera

Coursera, the online learning platform, hires new CEO Greg Hart. Jeff Maggioncalda will retire on Feb 3. Hart comes from a 23-year career at Amazon, leading the launch of Alexa/Echo organizations and previously serving as CPO and later COO of Compass, the residential real estate brokerage. Hart will receive a $590,000 base salary, and have access to bonus options as he also serves on the board.

Signify

Following a 6.6% drop in sales, Signify's CEO will step down after the Annual General Meeting of Shareholders (AGM) in April. The energy-efficient lighting company has been under Rondolat’s leadership since it became public under the Euronext Amsterdam stock exchange in 2016. After its IPO, Rondolat led the rebrand from Phillips Lighting to the household Signify brand and repositioned Signify in the sustainable lighting industry for cities, businesses, and consumers. Eric represents the longest-serving leader in the publicly traded lighting manufacturing sector with a 13-year tenure.

Doublecheck

Doublecheck appoints Ashwin Rangan as the new CEO, following the departure of co-CEOs Joel Schwartz and Bill Amelio. The innovative solution to old banking practices, Doublecheck, notifies customers of insufficient funds and provides several payment options to prevent overdraft status and the additional fees that come with it. Rangan comes from ICANN, the non-profit that manages global domain names, IP addresses, and root servers on the Internet. He brings a wealth of experience in AI, scaling businesses, leading acquisitions, and hitting revenue goals.

NetApp

Intelligent data infrastructure company NetApp announces Wissam Jabre as Executive Vice President and CFO. The data storage and cloud management platform projects to cut half its scope 1, 2, and 3 emissions by 2030 as global electricity consumption has risen with the continued building of data centers to test AI models. Jabre will aid financially in this mission as he brings 20 years of experience leading finance organizations. Jabre recently held the CFO position at Western Digital Corporation, where he led financial reporting, internal audits, investor relations, etc.

Wells Fargo

Jon Weiss steps down from the co-CEO role of Corporate Investment Banking at Wells Fargo. With a 20-year legacy, starting at the financial services giant in 2005, Weiss is set to retire on June 1. Weiss’ exit is perfectly planned on a high note with his prominent achievements being increasing the net income of the CIB to 40% and revenue to 35%. The bank’s long-running fake accounts scandal, however, has opened up again as three executives were fined $10 million, $7 million, and $1.5 million earlier this month for their involvement.

Takeda

Japanese pharma company Takeda gets new CEO in response to shares being down 10%. CEO Christophe Weber steps down after 12 years, and Julie Kim steps up. Kim joined Takeda as president of the U.S. business unit during the $62 million acquisition of Shire Pharmaceuticals in 2019. Kim will be one of the few women to lead a Japanese pharma company.

L3Harris

Global aerospace and defense technology company, L3Harris, promotes Ken Bedingfield as President of the Aerojet Rocketdyne unit, effective today. Bedingfield, who previously served as CEO at Epirus, the defense tech company, succeeds Ross Niebergall and will continue with his responsibilities as CFO. Recently delivering three new Iver4 580 underwater vehicles to the Royal Navy, L3Harris continues to support navy operations that scan U.S. and international waters for safe military shipping navigation.


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