News

People on the move: Facebook, Tesla, and TripAdvisor

March 17, 2019
People On The Move
Source: The Org

Every week, we bring you an overview of the most important executive changes from around the world. Last week, Facebook announced another leadership reshuffle as the company’s Chief Product Officer, Chris Cox, is stepping down. Read more about this and other notable executive changes:

Facebook's Chief Product Officer is leaving the company
Chris Cox, Facebook's Chief Product Officer and key lieutenant of Mark Zuckerberg, is leaving the company amid a leadership reshuffle. The change comes following an announcement last week that the social media giant is shifting to a privacy-focused vision for social networking. The role of chief product officer will not be filled by anyone. Instead, the heads of Facebook, WhatsApp, Messenger, and Instagram will now report directly to Zuckerberg, which is an interesting move because it brings product decision power even closer to the CEO. Read more here.

Tesla promotes Vaibhav Taneja to Chief Accounting Officer
Vaibhav Taneja and Zachary Kirkhorn have been appointed Chief Accounting Officer and Chief Financial Officer respectively according to a securities filing by Tesla. Kirkhorn’s new role was mentioned during the company’s earnings call in January when Elon Musk announced that Deepak Ahuja would be retiring as CFO. Taneja will report to Kirkhorn in their new roles. Read more here.

TripAdvisor appoints two women to its Board of Directors
TripAdvisor has announced that Betsy L. Morgan and Trynka Shineman Blake were elected to its board of directors. The appointments will provide the board with additional industry, technology and marketing expertise to further the company's objectives. Read more here.

John Standley to step down as CEO of Rite Aid
Rite Aid has announced a major leadership reshuffle to "better align its structure with the Company’s operations and to reduce costs." In the past couple years, Rite Aid has seen multiple mergers fall through and the drugstore recently sold almost 2,000 stores to its long-time rival Walgreens. As part of the leadership transition, John Standley will step down as chief executive officer. The Board will promptly commence a search process for a new CEO, and Standley will remain CEO until the appointment of his successor. Read more here.

Walmart executive joins Coupang as General Counsel
Coupang has announced that Jay Jorgensen will join the company as General Counsel and Chief Compliance Officer. Jorgensen most recently served as the Global Chief Ethics & Compliance Officer of Walmart where he created the company’s first global program to manage regulatory compliance for the entire business. In 2016, the New York Stock Exchange Governance Services recognized that program as the “Best Governance, Risk and Compliance Program at a Large-Cap Company.” Read more here.

Check out our profile of Ghazaleh Mobkie, Vice President of Customer Success at Dixa, who was selected as “Rockstar of the Month" for March here. You can nominate someone for next month's Rockstar by emailing us at hello@theorg.com.

As always, please contact us if you want to be featured on The Org with an article about a new hire, promotion or personnel change at your company.

❤️ The Org Team