In the midst of posting another blockbuster quarter, Amazon dropped the bombshell news that founder and CEO Jeff Bezos is stepping out of the top role in Q3 to become executive chairman. He will be replaced as CEO by AWS head Andy Jassy. Bezos started the $1.6 trillion company as a bookseller on the nascent internet in 1994.
The CEOs of both Under Armour and Nike are stepping down from their respective roles, amid an unprecedented wave of top departures, including in retail and ecommerce. Here is why both CEOs are leaving their posts.
Steven Temares, CEO of Bed Bath & Beyond since 2003, is stepping in the midst of pressure from three activist investors with a 5% stake as the company struggles against larger competitors offering cheaper private label brands.
Best Buy announced that Corie Barry, its chief financial and strategic transformation officer, will be the company’s new CEO, effective June 11. This makes Barry the first woman to serve in this role in the company. Learn more about the leadership changes at Best Buy.
David Kornberg, president and CEO of Columbus, OH-based retail chain Express, is stepping down from his job and relinquishing his seat on the board of directors, staying on in transition through Feb. 21, after a disappointing holiday season.
Barnes & Noble has fired CEO Demos Parneros for unspecified “violations of company policies” after just 14 months into a turnaround role, the company announced.
Gap Inc. appointed Neil Fiske, as its new CEO and president of its Gap Brand effective July 20. He will serve on the company’s senior leadership team, reporting to Art Peck president and CEO of Gap Inc. See what other leadership positions Fiske has held in his career and how it will benefit the Gap brand.
A year after acquiring Chewy.com for $3.4 billion to expand its ecommerce capabilities, PetSmart has added a new CEO to turn around performance at its 1,600 retail stores. See who PetSmart appointed and how it will benefit the brand.
Hudson’s Bay Company announced that its Board of Directors has appointed Helena Foulkes as Chief Executive Officer, effective February 19, 2018. See what responsibilities Foulkes will have upon taking the role of CEO.
lululemon athletica inc. announced that Laurent Potdevin has resigned as CEO and as a member of the company’s Board of Directors, effective immediately. See what other corporate changes are being made within the company with Potdevin’s departure.