The 10 Most Important Executive Moves This Week
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This week, Starbucks selected a new board chair, MSNBC appointed the First Black President of a Major News Network, Snap got a new board member, and Procter & Gamble announced a new CFO.
This week, Starbucks selected a new board chair, MSNBC appointed the First Black President of a Major News Network, Snap got a new board member, and Procter & Gamble announced a new CFO.
These are our top picks for the most important executive appointments and departures this week. For executive news updated daily, check out The Org's People on The Move.
1. Starbucks Selects New Board Chair as It Reimagines Its Future
Starbucks has named Mellody Hobson as the Non-Executive Chair of the company’s Board of Directors. Hobson will take the reins from her longtime colleague Myron E. Ullman, III in March 2021. Ullman has served on Starbucks’ board since 2003 and been its chair since 2018.
2. MSNBC’s Rashida Jones to Make History as First Black President of a Major News Network
Rashida Jones will make history as the first black executive to run a major cable news network following widespread reports that she will take over as President at MSNBC. Jones will replace Phil Griffin, who joined MSNBC in 1996 and has been at the helm of the network since 2008.
3. P&G Announces CFO Transition Amid Record Growth
Procter & Gamble’s North American SVP of Baby Care, Andre Schulten, has been elevated to CFO of the company. Effective March 1, 2021, Schulten will take the role off the hands of Jon Moeller, who currently holds both the Chief Operating Officer and CFO titles.
4. Zalando's Co-CEO to Leave the Booming Online Fashion Marketplace in 2021
Europe’s largest online fashion and lifestyle marketplace is losing one of its three co-CEOs. Rubin Ritter, who has led Zalando alongside Robert Gentz and David Schneider since 2010, announced that he intends to step away from the company to allow his wife to pursue her career.
5. Cigna Announces New CFO as Part of a Wider Executive Refresh
Cigna announced six executive major shakeups on Wednesday, as the company gears up to accelerate growth. The largest announcement was that company veteran Brian Evanko has been promoted to be the company’s new Chief Financial Officer.
6. Snap Adds Finance Expertise With New Board Member
Snap announced it has a brand new board member, Hello Sunshine exec Liz Jenkins, effective immediately. Jenkins, a seasoned executive, will serve on the company’s audit committee.
7. Ferrari Boss Steps Down Abruptly
Louis Camilleri, the top executive at Ferrari, has retired with immediate effect, according to a statement from the company. Camilleri, who cited personal reasons for his departure, will also vacate his position on the storied Italian sports car maker’s board of directors.
8. Revlon Re-Hires 14-Year Company Vet to Spearhead Marketing
Revlon has a new Chief Marketing Officer, Martine Williamson, a name that should be familiar to long-time company insiders. Williamson is on her second stint working at the beauty giant, but this time she will report directly to the company’s President and CEO, Debra Perelman.
9. Betterment Appoints Unlikely New CEO as Founder Steps Away
Betterment CEO Jon Stein announced he will step down from his leadership role at the fintech company he founded in 2010. Stein will be replaced at the top of the company by former media executive Sarah Kirshbaum Levy.
10. Alteryx Adds New Chief Customer Officer To Scale Customer Base
Alteryx named Matthew Stauble as its new Chief Customer Officer to help take the computer software company’s customer support and management teams to the next level. Stauble replaces the company’s co-founder, Olivia Duane Adams, who will become Chief Advocacy Officer.
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