Elon Musk has reportedly tapped ex-Morgan Stanley banker Anthony Armstrong to serve as xAI’s CFO. That’s according to a report late Monday (Oct. 6) by the Financial Times (FT), which notes that this is the latest executive shake-up at the artificial intelligence (AI) company. According...
Treasury Secretary Scott Bessent appointed Social Security Administration Commissioner Frank Bisignano to serve in an additional role: the newly created position of CEO of the IRS. Bisignano will continue to serve as commissioner of the SSA. In his role as CEO of the IRS, Bisignano...
Verizon appointed its independent lead director and former PayPal Holdings CEO Dan Schulman as CEO, effective immediately, saying he will lead the company’s “new chapter of growth.” Schulman succeeds Hans Vestberg, who will serve as a special advisor through Oct. 4, 2026, and as a...
DailyPay has appointed its executive chairman, Nelson Chai, as its new CEO. Chai succeeds Stacy Greiner, who will continue to serve as an advisor, the company said in a Wednesday (Oct. 1) press release. This leadership transition comes at a time when DailyPay has expanded...
Spotify’s chief executive is leaving that job as the streaming music platform names co-CEOs. Daniel Ek, who founded the Swedish company 19 years ago, announced his pending departure in a message shared with employees Tuesday (Sept. 30). He will transition to company chairman, with Alex...
Marqeta, a card issuing platform that enables embedded finance solutions, announced Tuesday (Sept. 9) the appointment of Mike Milotich as its CEO and a director, effective immediately. Milotich has served in this position on an interim basis since February, a role he held concurrently with...
OpenAI Chief Product Officer Kevin Weil is taking on a new role inside the company that goes beyond product development: He is learning to be an AI researcher while building an internal group, “OpenAI for Science.” The move comes as former Instacart CEO Fidji Simo...
HSBC has disclosed a leadership transition in its U.S. operations. Lisa McGeough stepped down from her role as president and CEO of the United States and U.S. head of banking “to pursue new opportunities outside HSBC,” the bank said in a Friday (Aug. 29) filing...
Nubank has appointed FinTech veteran Armando Herrera to lead its Mexican operation, Nu Mexico, as CEO, effective Sept. 2. Herrera succeeds Iván Canales, who is on parental leave and will remain a contributor to Nu Mexico, the digital financial services platform said in a Wednesday...