eBay
Peggy Alford is back at eBay. This time as CFO after two heavyweight runs at PayPal, a seat on Meta’s board since 2019, and a stint as President and GM at Rent.com, rounding out a resume built for marketplace moves. She’ll take over from Steve Priest, who’s stepping down after five years. Her scheduled return lands as eBay reports net revenues of $2.58 billion, which exceeded projections. The platform also expanded its [Klarna] “buy now, pay later” play across Europe and debuted its first AI-powered shopping agent to help users find that just-right deal. Read More
Berkshire Hathaway
Warren Buffett shockingly hands over the CEO reins at Berkshire Hathaway, the trillion dollar holding company he’s led for six decades, but don’t call it a farewell tour just yet. The board unanimously voted for him to remain chairman, while Greg Abel—the steady hand behind Berkshire’s non-insurance empire—steps in as CEO by year’s end. Through Berkshire, Buffett owns a bite of 189 companies, and while shares dipped over 5% on the news, they quickly stabilized—a sign Wall Street sees the move as classic Buffett: calculated, quiet, and already priced in. Read More
Amazon
Amazon’s global real estate chief, Shannon Loew, is checking out after less than two years. He took over day-to-day operations in early 2024 following the retirement of longtime leader John Schoettler. Loew oversaw a sprawling 65 million-square-foot workplace portfolio across 70 countries, and his exit comes as Amazon doubles down on office expansion in major cities like New York to support its return-to-office push. Read More
National Security
President Trump removed National Security Adviser Michael Waltz, the first senior adviser to be swapped out, citing concerns over his approach to Iran and issues with unauthorized coordination with Israeli officials. Waltz’s mishandling of a sensitive communication, known as “Signalgate,” also contributed to his departure. Secretary of State Marco Rubio will temporarily assume the role. Read More
11x
Hasan Sukkar is stepping down as CEO of AI startup 11x, which builds AI agents for sales teams. The company has faced negative press over a faulty product, a lawsuit attempt over unaffiliated customer logos on its site, and a toxic workplace. CTO Prabhav Jain will take over, as the company, backed by $70M from firms like Benchmark and a16z, works to address legal threats and mounting scrutiny. With culture concerns swirling, 11x is in damage control mode. Read More
Kohl's
Kohl’s has fired CEO Ashley Buchanan following an internal investigation into conflicts of interest involving vendor transactions. Buchanan, previous Michael’s CEO, directed business to a personal contact under favorable terms and secured a consulting deal without disclosing the relationship, violating company ethics. Michael Bender, Kohl’s chairman, is now interim CEO as the company searches for a permanent replacement. Read More
Tenable
Tenable just brought in cybersecurity heavyweight Eric Doerr as Chief Product Officer to lead its global product strategy. With nearly three decades of experience at Microsoft and Google Cloud, Doerr’s hire signals a sharpened focus as Tenable preps a major upgrade to its Tenable One platform. Expect product innovation—and competitive heat—in the cybersecurity arms race. Read More
Nike
Nike President Heidi O’Neill is passing the baton as part of a leadership shake-up under new CEO Elliott Hill. O’Neill, a 24-year Nike veteran, helped launch Nike Women’s and led the Consumer & Marketplace division. Hill, now calling the shots on product and brand marketing integration, is setting the course for Nike’s next play. Read More
Optum
Optum, a subsidiary of UnitedHealth Group, is shaking up its leadership ranks with CEO Heather Cianfrocco transitioning into an Executive Vice President role at UnitedHealth Group. Patrick Conway takes the helm as Optum’s new CEO, while Trip Hofer, formerly of AbleTo, will lead Optum Health’s Behavioral Health Solutions. Read More
AffiniPay
AffiniPay has tapped Leslie Witt as its new Chief Product Officer to steer the company’s product strategy. Witt, with over 20 years of experience, previously held senior roles at Headspace and Intuit. She’ll now focus on enhancing products like LawPay, MyCase, and CPACharge, driving the next phase of growth for AffiniPay’s suite of solutions. Read More
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