Match Group
Co-founder and 9-year CEO of Seattle-based real estate company Zillow is appointed CEO of online dating parent company Match Group. The dating giant houses household brands such as Tinder, Match.com, OkCupid, and Hinge. Spencer Rascoff, who also founded Hotwire, the travel website, acquired by Expedia for $700 million, has been a board member of Match Group since March 2024. Following lower-than-expected revenue projections, citing lackluster guidance, Bernard Kim was immediately replaced. Talk about a harsh breakup.
Shake Shack
Shake Shack hires two new executives and announces an internal promotion following plans to open 1,500 new locations this year. Longtime CMO also plans to exit in March. Steph So, former Senior Vice President of Digital Experience, is promoted to Chief Growth Officer. Her responsibilities include overseeing promo strategies, consumer analytics, and culinary innovation. Nancy Combs, the new Senior Vice President of Culinary and Calendar Innovation, will report to So. Combs brings experience from Papa John's and Inspire Brands. The fast-casual restaurant chain also welcomes Luke DeRouen as the new Chief Communications Officer.
Jeep
Parent company Stellantis has named Bob Bronderdorf CEO of the Jeep Brand. Bronderdorf will take over from Antonio Filosa as he remains the COO for the Americas, which covers the Jeep, Ram, Dodge, and Chrysler brands under the leading global automaker. Previously serving as the SVP of Jeep North America, Bronderdorf’s leadership grew Jeep’s market share by 16% and reduced inventory by 30%.
Esteé Lauder
Esteé Lauder names Michael Bowes as its first Chief People Officer, effective April 1. Bowes replaces Michael O’Hare, EVP and Chief Human Resources Officer, who will retire after 13 years with ELC. Before joining ELC in 2015, Bowes held senior talent management and HR business partner roles for retail brands Tommy Hilfiger, Coach, Saks Fifth Avenue, etc. Bowes gets thrown into the fire as 5,800 - 7,000 employees will be laid off following a 6% drop in Q2 sales for the fiscal year 2025.
MoneyGram
MoneyGram hires former eBay and Klarna exec Luke Tuttle as its new CTO. Tuttle will oversee product development and engineering while paving new ways to implement blockchain and other technologies. The US payments firm made this move after hiring its CEO only 3 months earlier, following the data breach scandal of customers’ sensitive data back in September, which opened up a lawsuit last month that the money transfer company is now battling the effects of.
Nokia
The once-dominant leader in the global smartphone market, Nokia, pivoted to developing and selling 5G technology and making revenue through licensing its various patents. Following Pat Gelsinger’s exit from Intel, Justin Hotard is the second high-level exec to depart from the struggling chipmaker. Hotard currently serves as Chief of the data center and AI unit but will step down effective April 1 for his new role as CEO of Nokia. Shares are already up 1.6% in response as Hotard marks the first American CEO of the Finnish network equipment company.
Mastercard
Payment network processor giant Mastercard welcomes Susan Muigai as the new Chief People Officer. Muigai previously served as EVP of Human Resources at TransUnion, one of the three major credit bureaus in the U.S., where she transformed HR strategy and people culture. Having also held senior leadership roles at Walmart U.S., Canada, and India, Muigai will be responsible for Mastercard’s organization, its talent acquisition, compensation, and benefits effective April 7.
Mitiga
Mitiga makes some changes following its recent series B funding round of $30 million, led by SYN Ventures last month. The cloud threat detection company hired Charlie Thomas as the new CEO, and the previous founding CEO is now the Chief Business Officer, focusing on European expansion. Thomas joins from Deepwatch, the award-winning cybersecurity company that specializes in managed detection and response.
Baxter
José (Joe) E. Almeida will retire after a 9-year tenure at Baxter, the leading MedTech company. Global investment firm °ä²¹°ù±ô²â±ô±ð’s acquisition of Baxter Kidney Care Segment is set to close in early 2025 for a cash deal of $3.8 billion. As a result, Baxter Kidney Care Segment was launched as a standalone company, Vantive. As the search for a new permanent CEO is underway, Independent Director Brent Shafer will fill in on an interim basis.
Hyzon Motors
Parker Meets abruptly resigns as CEO of Hyzon Motors. The sudden exit precedes a shareholder meeting that would discuss the dissolution of the company. Dr. Christian Mohrdieck is set as President and Acting CEO, effective immediately. The hydrogen fuel cell truck manufacturer has faced multiple financial difficulties and, as a result, closed several of its overseas offices. The final direction is liquidation and dissolution, which has led to mass layoffs as the manufacturer struggles to find another alternative to rebound from its dismal cash burn rate.
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