Week in review: Alphabet, British Airways, Lululemon, and more!
Google parent Alphabet’s chief legal officer David Drummond is leaving the company amid an investigation of his conduct, Willie Walsh, the CEO of International Airlines Group, the owner of British Airways and Iberia, is stepping down, and Lululemon names former Nike and Uber executive Nikki Neuburger as its first chief brand officer.
Every week we bring you an overview of the most important executive changes from around the world. This week, David Drummond resigned from Google's parent company Alphabet following sexual misconduct allegations by current and former executives. Read more about this and other notable executive changes:
Alphabet’s Legal Chief is Leaving the Company After Questions About Conduct
Google parent Alphabet’s chief legal officer David Drummond is retiring from the company, according to a SEC filing dated January 8. Drummond, one of the highest paid executives at the company who has been with Google/Alphabet for nearly 20 years, said he would retire at the end of the month. He was paid 47 million dollars in 2018, according to the latest proxy. Read more here.
Chief Executive of British Airway’s Parent Company Willie Walsh to Step Down
Willie Walsh, the chief executive of International Airlines Group (IAG), the owner of British Airways and Iberia, is stepping down after 15 years as the head of the company. Walsh will retire as chief executive on March 26 and relinquish his IAG board seat at the end of June. Luis Gallego, the chief executive of Iberia since 2014, will succeed Walsh. Read more here.
Lululemon Names Former Nike Exec Nikki Neuburger as Chief Brand Officer
Lululemon announced that it has named Nikki Neuburger as its chief brand officer, effective January 20. In this newly created role, Neuburger will be responsible for elevating the brand and leading its marketing, creative, communications and sustainability functions. Read more here.
Gannett CFO Alison Engel to Exit at the End of First Quarter Following Merger
Gannett Co. announced that Alison Engel would be stepping down as chief financial officer at the end of the first quarter to pursue other opportunities. The company’s current treasurer, Mark Maring, is expected to lead the finance function after Engel’s departure until a new CFO is appointed. Read more here.
Juul Appoints New Interim CFO as Current CFO is Tapped to Lead Restructuring Effort
E-cigarette maker Juul Labs has appointed a new interim chief financial officer as it moves Guy Cartwright, who was named Juul’s CFO in October, into a new role leading the embattled e-cigarette company’s $1 billion restructuring effort. Read more here.
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