Week in review: Groupon, Facebook, Under Armour, and more
As the coronavirus pandemic continues to upend the global economy, its impact is being felt in industries well beyond the hardest hit – travel, restaurants and hospitality, and across the spectrum of the workforce from blue-collar to white-collar workers. At the top, executives at a number of major companies have agreed to cuts, freezes or forfeitures of salaries and bonuses in recent weeks to help mitigate the consequences of the coronavirus crisis, and in a show of solidarity to employees.
The slowdown in executive movement that we saw last week continued this week, with the notable moves of the week all being departures.
This week, Groupon saw a C-suite shakeup, another high-ranking C-suite executive is leaving Under Armour, and Facebook’s board had another surprise departure. Read more about this and other notable executive changes:
Groupon C-Suite Shakeup with Both CEO and COO Stepping Down
Under Armour Chief Product Officer Kevin Eskridge to Step Down
Another Reshuffle for Facebook’s Board
Avis General Counsel Michael Tucker Leaves the Company
Meri Williams Steps Down as CTO of Digital Bank Monzo
Meri Williams has stepped down as the chief technology officer of fast-growing, U.K. challenger bank Monzo. Co-founder and former CTO Jonas Templestein will reportedly step back into the role. Read more here.