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Week in Review: October 15, 2018

October 15, 2018
Week in review
Week in review

Square’s CFO is leaving to be the CEO of Nextdoor, Lyft taps Obama’s transportation secretary and Sears’ top spokesman bails as reports emerge of a potential bankruptcy filing.

Every Monday, we bring our members a digest of the most important executive changes from the previous week. Let us know about executive changes at contact@theorg.com so we can include them in next week’s update!

Square's CFO is leaving to be CEO of Nextdoor
Square Chief Financial Officer Sarah Friar is leaving the $32 billion payments company to take a new role leading neighborhood social network Nextdoor as CEO. Friar, who first joined Square in 2012, led the company through its initial public offering in 2015. She'll stay at the company through December.

Source: Business Insider

Org chart: Square

Lyft taps Obama’s transportation secretary to lead policy and advise founders
Lyft has hired Anthony Foxx, who served as President Barack Obama’s transportation secretary from 2013 to 2017, to lead its policy efforts. Foxx, who was formerly the mayor of Charlotte, North Carolina, is officially the chief policy officer and senior advisor to Lyft’s founders, Lyft President John Zimmer and Lyft CEO Logan Green.

Source: TechCrunch

Org chart: Lyft

VW of America Names Audi Chief Scott Keogh To Be New CEO
Volkswagen of America has named a new chief executive–Scott Keogh who has led the company’s North American Audi division–to lead the German automaker’s business in America following a much publicized mega-billion-dollar diesel engine scandal that has damaged the brand worldwide.

Source: Forbes

Org chart: VW of America

Starbucks taps Hyatt's Patrick Grismer as new chief financial officer
Starbucks tapped Hyatt Hotels’ Chief Financial Officer Patrick Grismer to replace retiring CFO Scott Maw, effective Nov. 30. Grismer has more than 25 years of experience working for companies like Hyatt, Yum Brands and Disney. He began his career as a management consultant with Price Waterhouse. Maw, who's been with the company for seven years, will remain on as a consultant to Starbucks through March 2019.

Source: CNBC

Org chart: Starbucks

Sears' top spokesman jumps ship as reports emerge of a potential bankruptcy filing
Sears' top spokesman exited the company just days before reports emerged of a possible bankruptcy filing. Chris Brathwaite left his position as Sears' vice president of media relations and corporate communications last week after more than a decade with the company. Brathwaite's departure comes as Sears, which also owns Kmart, is said to be preparing for a bankruptcy filing that could come as soon as this week.

Source: Business Insider

Org chart: Sears