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Hertz CEO steps down following Tesla EV purchase debacle
Following a disastrous misadventure with EVs, Hertz's CEO Stephen Scherr is stepping down.
Unity CEO John Riccitiello stepping down, effective immediately
Unity game developer said that John Riccitiello will step down as president and CEO of the company.
Elon Musk will find someone else to run Twitter, according to his poll
A decisive majority of Twitter users have voted "Yes" to Elon Musk's poll about whether he should step down as CEO.
Bob Iger is returning as Disney CEO in a dramatic shakeup
Bob Iger is returning as Disney CEO in a massive leadership shakeup, with current CEO Bob Chapek stepping down.
Peloton is replacing its CEO and cutting around 2,800 jobs
Peloton is trying stem to its financial struggles by replacing its CEO, overhauling the board and laying off around 20 percent of its corporate workforce
Spotify's CEO doesn't believe the platform has editorial responsibility over podcasts
Spotify CEO says the company shouldn't have editorial responsibility over podcasts.
Intel CEO Bob Swan steps down after just two years on the job
Bob Swan will step down on February 15th.
TikTok CEO Kevin Mayer quits just three months after taking the job
TikTok CEO Kevin Mayer has resigned, after leaving Disney to take the job in May of this year.
Bose appoints its first female CEO
Bose names Lila Snyder as CEO, making her one of tech's few female CEOs.
Uber warns of temporary California shut down if it has to reclassify drivers
Uber CEO says the company may suspend service in California if the court doesn't rule in its favor.
Magic Leap appoints Microsoft exec Peggy Johnson as its new CEO
Johnson has also held a number of leadership roles at Qualcomm.
Disney CEO Bob Iger steps down after getting Disney+ off the ground
After guiding Disney through the acquisition of Fox and launching its direct-to-consumer efforts that center around Disney+, ESPN+ and Hulu, CEO Bob Iger is stepping down from his post. "Effective immediately," former Disney Parks Chairman Bob Chapek is taking over and will report to Iger while he serves as executive chairman and leads "creative endeavors" through the end of his contract next year. In a statement announcing the move, Iger said ""With the successful launch of Disney's direct-to-consumer businesses and the integration of Twenty-First Century Fox well underway, I believe this is the optimal time to transition to a new CEO." As far as Chapek's experience, he's worked there for more than two decades, and the press release notes that he spearheaded the infamous "Disney Vault" strategy for handling its iconic films as they were released for home viewing on VHS, DVD and Blu-ray. Asked on a call with investors about the timing of the move, Iger said that it made sense to turn over day-to-day management of the company to Chapek so that he can use his remaining time to focus on creative aspects of the company. According to him, the move wasn't accelerated "for any particular reason." With Chapek continuing to report to Iger, it doesn't seem like things materially change at Disney much right now, but the move is announced right after the company revealed Disney+ has already grown to over 26 million subscribers. It's also preparing to launch widely in Europe, and we're still months out from the arrival of The Mandalorian season two and tons of Baby Yoda merchandise.
Samsung appoints Roh Tae-moon as its new smartphone CEO
Samsung Electronics has named Roh Tae-moon CEO of its key smartphone division, according to Bloomberg. He'll take over the position from DJ Koh, who will continue to head up Samsung's IT and mobile and communication arms. Roh is Samsung's third CEO in the last dozen years, as Koh was appointed in 2015 while Koh's predecessor JK Shin held the job for around six years.
The tech CEOs' year of reckoning
It wasn't so long ago that tech CEOs and their wares were changing the world. In fact, we heard that quite often: This or that "innovation" will make the planet a better place. Silicon Valley was clearly getting high on its own supply as it ramped up the hype that the earth was a wasteland until the titans of tech had graced us with an easier way to post a filtered photo or share our thoughts on the finale of Lost.
LG's mobile head is now the company's CEO
LG is giving its executive lineup a massive overhaul yet again. Brian Kwon, who's currently leading LG's Mobile Communications and Home Entertainment companies, will officially become the company's CEO on December 1st. Kwon used to be LG's TV chief until he was brought in to head up its troubled mobile business in another shakeup that happened in 2018. Now that he's taking the highest seat in the company, his former positions will be filled by Park Hyoung-sei (as Home Entertainment Company president) and Morris Lee (as the Mobile Communications Company president).
LG Display's TV and phone screens struggle against cheaper Chinese rivals
Unable to compete with the glut of cheaper Chinese LCD panels, LG Display has replaced its chief executive and is looking to cut jobs. Early this week, the South Korean company held an emergency board meeting to accept the resignation of Han Sang-beom and appoint LG Chem President Jeong Ho-young as the new CEO, Reuters reports. According to Financial Times, the company has also revealed a voluntary redundancy program in an attempt to reduce its domestic workforce.
HTC has a new CEO
HTC announced that it has appointed a former executive from telecom giant Orange, Yves Maitre, as its new CEO. The company said that current chief Cher Wang will step down while remaining chairperson of the company. Wang took over the position from Peter Chou back in 2015.
Faraday Future's new CEO hails from BMW's i8 team
The reports were true: Faraday Future is changing CEOs. The automotive startup's CEO Jia Yueting has stepped down and will be replaced by Dr. Carsten Breitfeld (above), the former head of BMW's i8 development program and the co-founder of rival EV maker Byton. The choice isn't entirely coming out of the blue, according to Breitfeld. He has apparently known Yueting for "a number of years" and even talked about the possibility of joining the company in the past. Yueting's "vision for how the mobility eco-system will transform the industry" played a significant role in the decision to join, Breitfeld said.
Tim Cook: WSJ report on Jony Ive is 'absurd'
A lengthy Wall Street Journal article described design chief Jony Ive leaving Apple as a process that started long before it was announced last week, and specifically linked it to issues with CEO Tim Cook. The article claimed Ive was "dispirited" by Cook's lack of interest in design -- particularly in comparison to Steve Jobs -- and now Cook has responded in an email to NBC News reporter Dylan Byers.
