2. Chris Young - Young resigns as Head of Business Development for Microsoft’s venture fund M12. Under Young’s leadership, the tech goliath acquired video game publisher Activision Blizzard for $68.7 billion and invested in tech startups Outreach, PsiQuantum, Innovaccer, etc. Young also spearheaded the securement of Microsoft as Netflix’s sole partner for their ad-supported tiers and fostered relations with OpenAI in artificial intelligence research. Young leaves a big hole in the ranks at Microsoft.
3. Rachel Ferdinando - Former President of PepsiCo Foods Canada gets promoted to CEO of PepsiCo Foods U.S. Ferdinando will assume leadership of the $21 billion snack division that houses American treasured snack brands such as Lays, Cheetos, Doritos, Fritos, etc. With the $1.2 billion acquisition of Siete Foods, the Mexican food brand, and the full ownership of Sabra and Obela, refrigerated dip and spread brands, Pepsi Foods U.S. is diversifying its portfolio. A new CEO is the perfect combo.
4. Ivica Krolo - The German phenom sandal company, Birkenstock, appoints Ivica Krolo as the new CFO effective February 1. Previous partner and CEO of EMH Partners, Krolo has a solid background in finance, auditing, taxation, and legal & corporate administration. The 250-year-old newly public company, known for its contoured footbed, exceeded expectations as it reported its highest quarterly revenue earnings in Q3 of 2024 at €565 million ($625 million).
5. Mary Beth Laughton - Largest co-op in the US, outdoor gear and apparel company REI, hires new CEO Mary Beth Laughton ahead of 2025 and 2026 plans to expand store locations in 6 states. Laughton’s experience packs a punch as a previous REI board member, CEO of Athleta, Head of Nike global direct-to-consumer, and more. Eric Artz retires his gear after a 12-year history with the company, 6 of those serving as President & CEO.
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Tags: The Org