People on the move: Airbnb, Bed Bath & Beyond, Impossible Foods, and more!
Every week, we bring you an overview of the most important executive changes from around the world. This week, the former SVP of Retail and Online Stores for Apple, Angela Ahrendts, has joined Airbnb’s board of directors. Read more about this and other notable executive changes.
Angela Ahrendts joins Airbnb's board of directors
Airbnb announced in a blog post that Angela Ahrendts has joined the company's board as the third independent non-affiliated Board Member, joining Ken Chenault and Ann Mather. Ahrendts recently left Apple where she oversaw global retail and created a seamless customer experience by integrating the company’s physical and digital businesses across its online store, app and more than 500 retail stores. Read more here.
Steven Temares steps down as CEO of Bed Bath & Beyond
Bed Bath & Beyond announced that Steven Temares has stepped down as Chief Executive Officer and resigned from the board of Bed Bath & Beyond. A group of activist investors — Legion Partners, Macellum Capital Management, and Ancora Advisors — released a brutal presentation in late April slamming Bed Bath & Beyond's leadership for everything from executive compensation to clutter in stores' aisle. Read more here.
Impossible Foods hires Sheetal Shah as SVP of Product and Operations
Impossible Foods announced today the hiring of tech industry veteran Sheetal Shah as Senior Vice President, Product and Operations. The company makes meat from plants – with a much smaller environmental footprint than meat from animals. Burger King recently announced the nationwide roll-out of the "Impossible Whopper" which makes it the first meat replacement patty to roll out with one of the largest fast food chains. Read more here.
Lockheed Martin names new SVP of Communications
Lockheed Martin, the global security and aerospace company that employs approximately 105,000 people worldwide, has appointed Dean Acosta as senior vice president, Communications, effective May 20, 2019. Acosta was most recently Chief Communications Officer for Resideo, a smart home technology company, where he led employee and executive communications, media relations, social media and public affairs. Read more here.
UST Global names Krishna Sudheendra as CEO
UST Global, a leading multinational digital and tech services firm, has announced that Krishna Sudheendra, the company's former President & CFO, has been named CEO. Sajan Pillai is retiring as CEO but will stay on the Board of Directors for the next year in support of a successful transition. The company became a unicorn last year when it raised $250 million from Temasek, Singapore’s sovereign wealth fund. Read more here.
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❤️ The Org Team