Executive Moves You Should Know About This Week (March 12, 2025)

Snowflake

Following Chris Degnan’s retirement, Gannon is appointed as the new CRO of the AI Data Cloud company, Snowflake. Gannon joins from VMware by Broadcom, where he served as the President of the Americas and integrated sales functions in a highly competitive market. At the cloud-based storage, computing, and data analytics platform, Gannon will lead go-to-market and overall revenue strategy. CEO Sridhar Ramaswamy bids Degnan farewell as the first salesperson at Snowflake and recognizes his impact as the company earned $3.4 billion in revenue last year. The cloud platform continues to improve its data with its recent partnership with JPX Market Innovation & Research, Inc. Later this month, Snowflake’s product offerings will expand to J-Quants Pro datasets, JPX’s first set of rich and varied data services.

Asana

Founded in 2008 by Facebook (now Meta) co-founder/engineer Dustin Moskovitz and engineer Justin Rosenstein, the leading work management platform, Asana reported a 10% year-over-year sales growth to $188.3 million in their Q4 earnings report released 3 days ago. The workflow and team optimization platform services 85% of Fortune 100 companies such as Dell Technologies and Amazon, and connects with over 300+ integrations. Along with its Q4 earnings report, CEO Dustin Moskovitz announced his retirement from the company and his plans to transition to chair of the board with a focus on AI strategy and vision. With Moskovitz owning more than half of the company (53%) in both class A and B holdings, analysts are concerned this could endanger growth plans. A search for Moskovitz’s replacement is underway as the board hires an executive search firm to get the job done.

7-Eleven

With Alimentation Couche-Tard Inc.’s $47.5 billion acquisition looming, 7-Eleven parent company Seven & i Holdings Co. answers with a firing of its current CEO, plans to buy back $13.6 billion of its shares and to split its U.S stores into a separate publicly traded company by the end of 2026. The Japanese-owned convenience store chain hires its first non-Japanese CEO, Stephen Dacus. The outsider has a tall task of convincing stakeholders the company is well off without the bid offered by their rival. Dacus is fluent in both English and Japanese and joins from being a director on the board. Additional plans to fend off Couche-Tard include axing the underperforming retail business. However, Bloomberg still reports that 7-Eleven's valuation misses the mark by 22%, even if shares lift by 6.1% with buying back plans.

Nissan

The $60 billion Honda-Nissan merger falls through in a messy argument about corporate structure. With Nissan wanting more of an equal partnership instead of being owned and turned into a subsidiary of Honda, the two companies called it quits in a string of heated negotiations. CEO Makoto Uchida steps down amid the pressure of the failed merger. Honda’s shift in partnership terms also stemmed from Nissan not being transparent about how much of a downward spiral its sales and revenue plunged. Nissan’s global vehicle sales have dropped 7.8% year-over-year, profits fell by 90%, and the company reports a net loss of 80 billion yen (542,567,840.00 USD) for the fiscal year ending this month. New CEO Ivan Espinosa has a long road ahead in turning this sinking ship around.

Fortive

Ex-Expedia CEO Mark Okerstrom is the new CFO of Washington-based tech conglomerate Fortive. 9-year vet Chuck E. McLaughlin will retire effective March 24th. Amid market volatility related to increased tariffs and data releases, the workflow solution company experienced a downturn in net income and a share price drop. Despite this trend, Fortive is gearing up to present at J.P Morgan’s 2025 Industrials Conference. King Luther Capital Management Corp also boosts confidence and acquires 14,683 shares, topping off its investment to a whopping $43,847,000 million, 0.17% of the company. Amundi also increased its portfolio in Fortive shares, rounding out its investment to $137,036,000, 0.51% of the company. Analysts deem the company a “moderate-buy” at this stage.

Creatopy

AI-powered ad generation start-up Creatopy hires Tammy Nam as the new CEO. Nam previously held COO and CMO roles at the AI design tool platform Picsart and previously served as the CEO at Viki, the Rakuten-owned streaming service geared towards Asian entertainment. Founded in 2021, the fast-moving start-up boasts a series A round raise of $10 million, co-led by 3VC and Point Nine, last year, and claims a 400% increase in mid-market and enterprise revenue. Nam highlights Creatopy’s ability to land notable companies like NASCAR and The Economist and players in the banking and pharma space.

Amazon

Following Amazon’s $3.9 billion acquisition of One Medical, Trent Green was named CEO in Sept. 2023. Green’s less than 2-year stint as CEO of Amazon’s primary healthcare company ends as he swaps out the giant for the publicly traded National Research Corp.(NRC Health) company. Green will officially start as CEO on June 1st.

Microsoft

Microsoft AI welcomes Umesh Shankar as Corporate Vice President of Engineering. Shankar joins from a 19-year career at Google—serving as a chief technologist and security engineer for Google Cloud. At Microsoft, Shankar will spearhead ethical AI integration across all services.

Udemy

Following the departure of CEO Greg Brown, the online learning and teaching platform Udemy appoints board member Hugo Sarrazin as the new CEO effective immediately. Sarrazin joins from serving as President and Chief Product and Technology Officer at UKG, the human capital management company, and has a 26-year tenure at McKinsey & Company where he co-founded the global management consulting firm’s digital labs and design units. Sarrazin brings extensive generative AI experience and joins at a time when Q4 earnings exceeded analysts' projections.

Zoopla

The UK residential property software company Zoopla re-hires Paul Whitehead. He previously served as the Chief Strategy Officer and subsequently moved to an advisory role on the board. Whitehead is appointed as the new CEO. Before his time at Zoopla, he held COO and CEO roles at Cazoo, the online automotive marketplace, and brings a wealth of digital and marketplace knowledge.

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