Revolut’s chief financial officer has stepped down two years after joining the British FinTech. Mikko Salovaara’s resignation was due to “personal reasons,” a company spokesperson told PYMNTS Thursday (May 11). “I am grateful for the opportunity to serve as group CFO at Revolut and remain...
General Motors (GM) has named former Apple executive Mike Abbott to lead a new software organization. As executive vice president, software, Abbott will lead a team that will bring together three software functions within the company that are currently distinct, GM said in a Tuesday...
Shopify is letting go more than 2,000 workers amid a renewed focus on eCommerce. The company announced Thursday (May 4) that it was reducing the size of its operations by 20% as it sells its logistics unit to Flexport. In a memo to employees, CEO Tobias Lütke said that “this...
Payments technology firm Global Payments has named a new chief executive. Jeff Sloan, who has held the CEO post for nearly 10 years, announced his departure Monday (May 1), with Chief Operating Officer Cameron M. Bready set to take his place. “It has been the...
Lyft will reduce its staff by 26% as the rideshare service looks to bring down costs. The company said last week it would “significantly reduce” the size of its employee base, and it revealed just how significant Thursday (April 27), saying in a regulatory filing...
Fanatics has appointed Deborah Crawford as senior vice president, head of investor relations. In her new role, which is a newly created position at Fanatics, Crawford will focus on the firm’s relationships with current and future shareholders, the online sports platform said in a Thursday...
GoodRx has appointed former GoDaddy CEO Scott Wagner as interim CEO, effective Tuesday (April 25). Wagner succeeds GoodRx’s former co-CEOs, the company’s co-founders Doug Hirsch and Trevor Bezdek, who have transitioned to new roles as chief mission officer and chairman, respectively, the digital healthcare platform said...
Wells Fargo has named Saul Van Beurden CEO of Consumer & Small Business Banking. Van Beurden will succeed Mary Mack on May 15, as Mack will retire from the company this summer after nearly four decades with the company and seven years leading Consumer & Small Business Banking (CSBB), Wells...
A weeklong, multipart series of layoffs and other changes reportedly impacted hundreds of McDonald’s employees. As part of its restructuring, the quick-service restaurant (QSR) chain laid off hundreds of corporate employees, reduced the compensation packages of others and closed field offices, The Wall Street Journal...