Vanessa Pappas, chief operating officer at Chinese-owned video-sharing platform TikTok, is stepping down from her position after nearly five years with the company. The announcement comes at a crucial time for TikTok as it faces scrutiny worldwide over security concerns due to its Chinese ownership....
Visa has appointed Chris Suh to succeed Vasant Prabhu as chief financial officer (CFO). Suh joins the company from Electronic Arts (EA), where he was CFO, and will serve as Visa’s CFO designate from July 10 until assuming full responsibility for the role Aug. 1, Visa said in a Tuesday (June 20) press release....
Apparel and footwear company VF Corp has named Logitech CEO Bracken Darrell as its next president and chief executive officer. “We conducted an extensive search and determined that Bracken has all the attributes to excel in this role. He is a transformational and visionary business...
Stitch Fix’s search for a CEO is over. The online personal style platform on Wednesday (June 14) announced it has named Matt Baer, former chief customer and digital officer at Macy’s, to serve as its new chief executive. He replaces interim CEO Katrina Lake, the...
U.K. FinTech GoCardless is slashing 15% of its workforce as it tries to reach profitability. The company announced the job cuts on its website Tuesday (June 13), saying it wanted to shift its focus to the core areas of its business. “We have now finalized...
Grubhub is the latest food delivery service to cut jobs amid ongoing pressures on its industry. The company announced Monday (June 12) that it is reducing staffing levels by 15%, a move that will impact about 400 employees. The decision to conduct layoffs was born...
The head of Goldman Sachs Group’s FinTech unit is taking a leave of absence. Stephanie Cohen, global head of the firm’s Platform Solutions unit and a management committee member, is doing so for family reasons, according to two company memos shared with PYMNTS. In one, Cohen...
USDC-issuer Circle has named a former regulator as its new chief legal officer. Heath Tarbert, one-time chairman of the Commodity Futures Trading Commission (CFTC), will become Circle’s new legal chief and head of corporate affairs July 1, the company announced in a news release Thursday...
GameStop has removed its CEO and elected Ryan Cohen executive chairman. Cohen was elected to the role by the video game retailer’s board of directors, effective immediately, and will be responsible for capital allocation and overseeing management, GameStop said in a Wednesday (June 7) press release....