All articles tagged with #leadership changes
Electronic Arts completed a $55 billion leveraged buyout led by Saudi Arabia's Public Investment Fund, taking the company private at $210 per share and delisting from NASDAQ. CEO Andrew Wilson named Cam Weber as chief studios officer and David Tinson as COO (and presidents) as part of a leadership overhaul to drive growth and innovation, including AI initiatives.
Alphabet’s DeepMind is undergoing a leadership shake-up: Demis Hassabis will become DeepMind chair and Alphabet chief scientist; Koray Kavukcuoglu will become DeepMind senior vice president; Jeff Dean and Sanjay Ghemawat are leaving to form Discovery Loop. The moves come as Alphabet reports strong AI-driven growth (latest quarter revenue up 82% to $24.77B) but Gemini 3.5 Pro delays and higher capex guidance (to about $195–$205B) weigh on sentiment, with GOOG stock falling roughly 4% on the news.
Microsoft’s latest round of layoffs hits ZeniMax Online Studios, triggering a leadership change: studio head Joseph Burba, ESO producer Susan Kath, game director Rich Lambert, and production director Ala Diaz were laid off; Josh Henderson will replace Burba with game director Nick Giacomini as part of a planned transition. The move comes as 213 positions are cut across ZeniMax Online Studios and ZeniMax Media, with additional senior roles affected.
Lucid Motors is cutting about 1,500 jobs (18%) and eliminating a second production shift at its Casa Grande, AZ plant as part of a broad restructuring under new CEO Silvio Napoli. The move follows a 12% layoff earlier this year and underscores ongoing demand and execution challenges in a cooling US EV market. The company expects roughly $158 million in annualized savings (with about $32 million in severance) and is banking on its Cosmos SUV to restore profitability, as leadership turnover continues to unfold.
Dolce & Gabbana staged a high-glamour Milan menswear show focused on excess to deflect from a £391m debt and management upheavals, marking the first show since Stefano Gabbana’s resignation as chair; the brand is weighing sale-and-leaseback of properties as it navigates a weak luxury market, while Paul Smith later highlighted a trend toward relaxed tailoring.
Xbox Game Studios announces the departure of long-time head Craig Duncan and chief of staff Louise O’Connor, with studios to report to Matt Booty until replacements are named, amid a broader push by CEO Asha Sharma to reset the business and consider job cuts.
CBS News appoints Nick Bilton, a documentarian and former NYT technology columnist, as the new executive producer of 60 Minutes, replacing Tanya Simon; the move comes amid broader changes at the show, including Cecilia Vega’s exit and Sharyn Alfonsi’s contract not renewed, as editor-in-chief Bari Weiss reshapes the series’ leadership and editorial direction.
Microsoft's Xbox appoints Matthew Ball as chief strategy officer and Scott Van Vliet as chief technology officer under new boss Asha Sharma, part of a broad leadership overhaul aimed at strengthening the console business and accelerating product development ahead of the Xbox Games Showcase 2026; Ball, who has warned that games face an 'attention war' against tech platforms such as gambling, crypto and adult content, will focus on the console strategy.
Microsoft’s Xbox has hired game-industry analyst Matthew Ball as chief strategy officer to shape its long-term plan, with Sharma noting Ball has been advising the team since day 10. The company also named Scott Van Vliet as CTO and promoted Chris Schnakenberg, marking the second leadership reshuffle in weeks as Xbox gears up for Showcase.
Takashi Tezuka, a longtime Nintendo developer behind Mario and other franchises, is retiring from his role as an executive officer; it’s not yet clear whether he’ll leave Nintendo entirely. Tezuka has been with Nintendo since 1984 and contributed to series such as The Legend of Zelda, Animal Crossing, and Pikmin. Nintendo also announced the retirement of three directors, with Yutaka Takenaga and Chika Saka expected to become new directors subject to shareholder approval, as part of its latest financial results.
Xbox chief Asha Sharma announces a leadership overhaul and begins winding down Gaming Copilot on consoles and mobile, stating the move to speed and community alignment. New CoreAI veterans are joinsm and existing leaders shift roles to sharpen focus on hardware, content, experiences, and services, as Microsoft aims to strengthen Game Pass and expand into new markets.
Billy Donovan has stepped down as Chicago Bulls head coach after six seasons, opting not to exercise his contract option as the club begins a broader front-office overhaul led by a new Head of Basketball Operations. Donovan said the decision would let the new leader build out the staff; he finishes with a 226-256 record and one playoff appearance. The Bulls are now conducting a GM search and will hire a coach under the new leadership.
Microsoft has quietly scrapped its 'This is an Xbox' marketing campaign following a leadership reshuffle, with Phil Spencer and Sarah Bond exiting and Asha Sharma taking over, and a 404 page and empty Xbox tag page point to the campaign's demise as the company advances Project Helix for the next-gen Xbox.
Disney Experiences named Thomas Mazloum incoming Chairman as Josh D’Amaro shifts to CEO of The Walt Disney Company. Mazloum will lead a portfolio including parks, cruises, and Imagineering, with Jill Estorino as President, Disneyland Resort; Tasia Filippatos as President, Disney Parks International; and Lisa Baldzicki as President, Disney Consumer Products, reporting to Mazloum. Transitions take effect March 18, 2026.
Kyndryl’s shares plunged about 55% after the company disclosed an internal accounting review, delays to regulatory filings and material weaknesses in internal controls; it also announced major leadership changes, naming Harsh Chugh interim CFO and Bhavna Doegar interim corporate controller as longtime finance leaders exited. Third-quarter revenue rose 3% to $3.86 billion and adjusted EPS was $0.52, both below expectations. Analysts maintain a Hold rating with a $28 price target, though outlook could shift after the news.