All articles tagged with #board of directors
New York Jets owner Woody Johnson has acquired a minority stake in Aston Martin's Formula 1 team and will join the outfit's board as vice chairman, citing appreciation for the team's history and Lawrence Stroll's strategic vision.
Industry insiders are buzzing that American Airlines could bring back former CEO Doug Parker to replace current chief Robert Isom, but observers say Parker would not fix American’s underlying problems and a genuine turnaround likely requires an outsider with a bold vision; some industry figures have floated Ben Smith from Air France-KLM as a potential candidate, while noting the board’s historical preference for internal promotion.
SpaceX shares fell 8% after a three‑day rally tied to its IPO, with the stock up over 40% since debut; the company briefly vaulted to among the world’s most valuable, with a market cap near $2.52 trillion, topping Amazon and briefly Microsoft. Roelof Botha joined SpaceX’s board as an independent director and audit committee member. Musk retains control with over 82% of voting rights, limiting outside influence, and he floated a target of about $1 trillion in revenue by 2030.
lululemon announced a cooperation agreement with founder Chip Wilson (about 8.7% stake) to refresh its board, adding Laura Gentile (ex-ESPN CMO) and Marc Maurer (ex-On Co-CEO) after the 2026 annual meeting, with a further product/brand expert director to join by October 1, 2026. The deal includes standstill and voting provisions for ~18 months, and lululemon will donate to Kitsilano Beach instead of expense reimbursement. The changes accompany leadership transition toward incoming CEO Heidi O’Neill as the company aims to strengthen brand health, reaccelerate growth, and boost shareholder value.
Shivon Zilis testified in the OpenAI lawsuit, detailing her OpenAI board role, a complex relationship with Elon Musk, and how she served as a bridge between Musk and OpenAI’s co-founders, while stressing loyalty to AI for humanity and noting confidentiality around Musk’s sperm donation.
Netflix founder Reed Hastings is stepping down from the company's board and will not seek reelection at the June annual meeting to devote more time to his philanthropic efforts. He had reduced his day-to-day responsibilities in 2023 to executive chairman, while Ted Sarandos and Greg Peters lead Netflix as it grows with new revenue streams like advertising and merchandise. Hastings is also pursuing other ventures, including a stake in Utah's Powder Mountain ski resort.
Lululemon announced the appointment of Chip Bergh, former Levi Strauss & Co. CEO, to its Board of Directors as part of ongoing board refreshment. Bergh will stand for election at the 2026 annual meeting, replacing David Mussafer who will not seek re‑election. The company touts Bergh’s brand and retail leadership, notes that five independent directors have joined the board in the last five years, and emphasizes continued CEO succession planning and long‑term growth strategy. Bergh’s background includes 28 years at Procter & Gamble and board roles at HP Inc., e.l.f. Beauty, and Pinterest.
Lululemon is in a corporate power struggle as founder Chip Wilson battles the board while interim co-CEOs Meghan Frank and Andre Maestrini push a turnaround to revive a waning yoga-pants empire, pursuing faster product cycles, store upgrades, and diversification beyond yoga amid competition from Alo Yoga and Vuori, with Elliott Investment Management pressing for a new CEO and potential board changes.
Steven Sharif, the creative director of Ashes Of Creation, resigned in protest over ethical disagreements with the company's board; shortly after, senior leadership followed and multiple staff were laid off under WARN notices, casting doubt on the MMO's future as it remains in Steam Early Access.
Former Nintendo of America president Doug Bowser has joined Hasbro's board of directors alongside Carla Vernon, former CEO of The Honest Company, bringing brand-building and consumer-experience expertise to support Hasbro's Playing To Win strategy.
Doug Bowser, former Nintendo of America president, has joined Hasbro's board of directors alongside Carla Vernón of The Honest Company; Hasbro says his leadership in consumer brands and franchises will support long-term growth as Nintendo appoints Devon Pritchard as its new NoA president and COO.
Tesla's Chair Robyn Denholm warns shareholders that CEO Elon Musk may leave if his proposed $1 trillion performance-based compensation plan is rejected, emphasizing its importance for Musk's continued leadership and Tesla's future growth, amid opposition from proxy advisers and scrutiny over board independence.
Skydance Media announced a new board for the upcoming Paramount merger, featuring notable industry leaders including former Paramount CEO Sherry Lansing and Oracle CEO Safra Catz, to guide the company's future growth and strategy.
Skydance Media announced the new board of directors for the merged company Paramount Skydance, which will include notable figures such as Sherry Lansing, Safra Katz, and Gerry Cardinale, with David Ellison set to be the chairman and CEO, following the completion of the merger with Paramount Global.
Comcast announced the formation of a new independent media company, Versant Media Group, which will include NBCUniversal's cable networks and digital assets, with a planned spin-off by the end of 2025. The company will have a new board of directors featuring notable executives and industry leaders, and Comcast's CEO Brian Roberts will retain a significant voting interest but will not serve on the board.