Disney's CEO is out. Here are the most notable CEO departures of 2020 so far.
Mandy Ginsberg, the CEO of the company that oversees Tinder, Hinge, OKCupid, and Match, announced on January 28 that she's stepping down after 14 years, citing personal reasons.
Disney said on January 31 that Hulu CEO Randy Freer would be departing, with no direct replacement and company leaders reporting to Disney's Kevin Mayer. In late February, Hulu's Chief Marketing Officer Kelly Campbell was promoted to president of Hulu.
Source: Business Insider
Adam Bierman, CEO, and co-founder of the cannabis company MedMen, stepped down on February 1, after a steep decline in its share price over the last year. It also laid off 40% of its corporate workforce at the end of 2019.
Source: Business Insider, Business Insider
Terry Booth, the CEO of Aurora Cannabis, announced he was stepping down and retiring on February 6. Several struggling Canadian cannabis companies have shifted leadership roles lately — this is just the latest.
Source: Business Insider
Tidjane Thiam, CEO of Credit Suisse, resigned on February 6 after the company got caught stalking a former employee through a private investigator.
Source: Business Insider
Les Wexner, CEO of L Brands, a retail company that includes Victoria's Secret and Bath & Body Works, stepped down on February 20 after almost 60 years. He was the longest-tenured CEO of any Fortune 500 company at the time.
Source: Business Insider
Tyler Haney, founder and CEO of the clothing brand Outdoor Voices, stepped down on February 21, following a tough year. The clothing brand reportedly lost around $2 million a month in 2019. Haney left the company altogether several days later.
Source: Business Insider, Business Insider
Fastly CEO Artur Bergman said on February 22 he would leave the position, less than a year after the internet infrastructure company went public. He said it was because he's a stronger developer than he is a company leader.
Source: Business Insider
Keith Block, co-CEO of Salesforce, left the position on February 25, which surprised industry watchers, who thought Block might eventually take over from founder Marc Benioff as sole CEO.
Source: Business Insider
Bob Iger, CEO of Disney, stepped down on February 25. He had held the role since 2005 and renewed his contract in 2017.
Source: Business Insider
Ginni Rometty, CEO of IBM, is departing in April after eight years of leading the company through a difficult transition period.
Source: Business Insider
Although it was announced in 2019, T-Mobile's CEO John Legere is scheduled to step down in May 2020. During his 7-year run, T-Mobile's share price increased from $12 to nearly $80.
Source: Business Insider
LinkedIn CEO Jeff Weiner is stepping down in June after 11 years of running the company.
Source: Business Insider
Mastercard CEO Ajay Banga is set to step down in early 2021 after more than a decade running the company.
Source: Business Insider
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