Famous Brands Who’s CEO Stepped Down In 2020-21
One of the richest personalities on the planet Amazon’s founder and CEO, Jeff Bezos, is all set to step down from his post later this year. He will finally roll down curtains to a role that he cherished for 30 long years. The news has left many people around the globe shell shocked, but this is one such reality everyone has to digest. As per reports, he will be replaced in the summer by Andy Jassy, who runs Amazon’s cloud-computing business.
Well, he isn’t the only entrepreneur who stepped down from his post in 2020-21. There have been other personalities as well who have stepped down from their posts in 2020-21. They might not have got the same news revolving around them like Bezos but have stepped-down without the public noticing. We have compiled ten such names in this post, and without wasting any further time, let us start with the compilation.
10 Brands Who’s CEO Stepped Down
Disney’s long time CEO Bob Iger stepped down from his position on 25th February 2020, before the global pandemic lockdown. Iger may have stepped down as Disney’s CEO but will continue as the executive chairman of the company until early 2021. He has got replaced by Bob Chapek, who was the chairman of Disney Parks, Products and Experience.
One of the perennial multinational technology and consulting companies around the globe, IBM, announced on 30th January 2020 that Ginni Rometty would step down as the company’s CEO. She has got replaced by Arvind Krishna, an Indian-American business executive. He previously ran IBM’s cloud computing business. This switch took place in April 2020.
LinkedIn’s CEO Jeff Weiner was also among the noticeable names who stepped down from his post last year on 5th February. He served LinkedIn for 11 years before moving into the position of executive chairman within the company. Former senior vice-president of LinkedIn Ryan Roslansky was named the new CEO who started his role on 1st June.
America’s leading video subscription on-demand service Hulu’s former CEO, Rany Freer, left his post on 31st January 2020. Freer’s departure was announced by Disney, which consolidates Hulu with its other streaming operations like Disney plus and ESPN plus.
Salesforce and Vlocity
Keith Block, who served as the co-CEO of Salesforce for almost a year and a half, stepped down from his position last year on February 25th. However, his partner Marc Benioff is still relishing his role as the CEO of the company.
Metro-Goldwyn-Mayer is one of the prominent names in film and TV production, whose CEO Jim Murren stepped down from his position on February 12 last year. He got replaced by Bill Hornbuckle, who previously served as the company’s president and chief operating officer.
Well, the news of Volkswagen CEO Herbert Diess no longer providing his service is partly true. However, he is still the CEO of Volkswagen Group, but no longer the CEO of Volkswagen Brand, as per CNBC. Ralf Brandstaetter is now the Chief operating officer of Volkswagen Brand.
Harley Davidson is yet another renowned name on this list whose now-former CEO Matt Levatich stepped down from his position on Feb 28th last year after serving for 26 long years. The two-wheeler company shares fell 46% since Levatich took charge. As o now, the announcement of a permanent CEO is yet to be made, however, Jochen Zeitz, a board member, is both the acting president and CEO now.
Mastercard also made an announcement last year on February 25th that its CEO India’s Ajay Banga will vacate his post at the start of next year (i.e. 2021). The news came out via Reuters, who also revealed that the next CEO would be Michael Miebach, the chief product officer.
Match Group (owner of Tinder/OK Cupid/Hinge)
Match Group, which owns dating apps like Hinge, Tinder, and OK Cupid has also made this list. The group’s CEO Mandy Ginsberg, stepped down from her post last year on 28th January. She cited the reason for her stepping down as she was going through personal challenges like surgery and destruction of her home that got hit by a tornado in October 2019. As of now, former Tinder chief operating officer Shar Dubey took over the role of CEO in March 2020.
Suggested: Top 10 Most Valuable Indian Brands
Time to wrap up:
Amazon’s CEO Jeff Bezos stepping down is one shocking news. However, many weren’t aware that like Bezos, other influential personalities also stepped down from their respective positions. Apart from the names mentioned here, Microsoft, Uber Eats, eBay, Nestle, WeWork, etc- did not lose their CEOs in 2020-21, but decided to change them in 2019 itself. Whose decision to step down surprised you the most? Mention the names in the comment section below.
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