GitLab Cuts Jobs and Flattens Org as It Pivots to AI‑driven "Agentic Era"
GitLab said it will trim its workforce and reorganise its R&D into roughly 60 autonomous teams, triggering a 7% after‑hours share decline. The restructuring, slated for completion by June 1, is framed as a move into the “agentic era” of AI‑assisted software engineering.
Mayo Clinic CEO to Step Down at Year’s End
Mayo Clinic announced that CEO Dr. Gianrico Farrugia will step down at the end of 2026 after an eight‑year tenure. The board will likely select a new president and CEO in November, with the successor assuming the role on Jan. 1, 2027....
Apricorn Appoints Jeanclaude Toma as Chief Executive Officer
Apricorn, a maker of quantum‑resistant, hardware‑encrypted external storage, announced Jeanclaude Toma as its new chief executive officer. Toma joins the company with more than 25 years of leadership in IT infrastructure, data storage and semiconductor businesses. He will steer Apricorn’s...
The Right Leadership Call, Built in Advance
The article contrasts Johnson & Johnson’s 1982 Tylenol crisis response with later mishandlings by BP and Boeing, highlighting how a pre‑written corporate credo and strong character enabled J&J to protect consumers first and recover market share. J&J spent $100 million to...
Tekken Legend Katsuhiro Harada Launches VS Studio with SNK
Katsuhiro Harada, the longtime Tekken producer, has departed Bandai Namco after more than three decades and founded VS Studio, a Tokyo‑based studio backed by SNK. The move pairs Harada’s fighting‑game pedigree with SNK’s historic franchises, setting up a fresh competitive...
BuzzFeed Shares Surge 113% as Allen Family Digital Takes Majority Stake for $120 Million
BuzzFeed’s stock jumped 113% after Allen Family Digital agreed to purchase a 52% controlling stake for $120 million, appointing media entrepreneur Byron Allen as chairman and CEO while founder Jonah Peretti moves to lead BuzzFeed AI. The deal, structured with $20 million...
Altman Defends OpenAI For‑Profit Shift as Musk Sues, Spotlight on $13B Microsoft Backing
OpenAI CEO Sam Altman spent four hours on the stand in Oakland, defending the 2019 conversion of OpenAI from a nonprofit to a for‑profit entity backed by Microsoft’s $13 billion investment. Musk’s lawsuit seeks $150 billion in damages, accusing Altman of misusing...
Origo Fonder Brings in Peter Eliasson as CEO
Swedish boutique Origo Fonder announced that Peter Eliasson will replace founder Stefan Roos as chief executive officer. Roos will step back to concentrate on investment management and the firm’s portfolio strategy. Eliasson arrives with close to three decades of experience...
Howden Appoints Alaric Lee CEO in Hong Kong
Howden announced that Alaric Lee will assume the role of Chief Executive Officer for its Hong Kong operations on July 1, 2026, succeeding Alfred Sham. Sham will relocate to Singapore to serve as Chief Strategy Officer, Asia, overseeing growth initiatives...
Condé Nast CEO Roger Lynch on AI, the Met Gala and His Secret Succession Plan
In this episode, Peter Kafka talks with Condé Nast CEO Roger Lynch about how the company is reinventing itself beyond traditional magazines. Lynch explains the strategic focus on cultural events like the Met Gala, the rapid growth of digital subscriptions, commerce...
Delivery Hero CEO Niklas Ostberg Prepares to Step Down
Delivery Hero founder and CEO Niklas Ostberg will step down after 15 years, with a successor search slated to conclude by March 31 2027 and the transition completed by year‑end. The move aligns with a strategic review that emphasizes deeper market penetration,...
Cynthia Zhang Elevated to CEO of PHD China
Omnicom Media’s PHD agency has elevated Cynthia Zhang to CEO of its China operation. Zhang, a former COO with more than two decades in media and marketing, has been with PHD since 2021 and is credited with deepening client relationships...
American Express CEO Scraps Unit‑Based Bonus, Ties Pay to Company‑wide Performance
American Express chief executive Stephen Squeri has eliminated the bank’s long‑standing unit‑based bonus system, replacing it with a company‑wide incentive tied to earnings per share, revenue growth and shareholder return. The change aims to shift senior leaders from competing for...
C3 AI Founder Thomas Siebel Returns as CEO Amid $498M Loss
C3.ai announced that founder Thomas M. Siebel resumed the chief executive role on May 8, 2026, as the company posted a $498.5 million GAAP loss for fiscal 2026. The leadership shift comes alongside a $135 million annual cost‑saving plan and a $575 million...
CGI Names Tim Hurlebaus CEO as AI Concerns Hit Share Price
CGI announced Tim Hurlebaus as its new President and Chief Executive Officer, succeeding founder François Boulanger. The leadership change comes as the company’s stock has slipped on worries that AI could disrupt its business model, prompting the board to seek...
Mayo Clinic to Undergo Leadership Transition, Honoring Dr. Gianrico Farrugia’s Transformational Impact
Mayo Clinic announced a leadership transition, with longtime CEO Dr. Gianrico Farrugia stepping down after five years to become chair of the board. Dr. John Noseworthy will assume the chief executive role on July 1, 2026. Farrugia’s tenure is credited...
Vinted’s Manifest Destiny
Thomas Plantenga took over Vinted in 2017 when the Lithuanian resale marketplace was cash‑strapped after years of aggressive growth. He rejected a $250 million takeover bid from Naspers, opting instead to raise €25 million (about $27 million) to keep the company independent. Plantenga...
Eagle Bancorp Hires Western Alliance Executive as Next CEO
Eagle Bancorp announced that Stephen Curley, a 16‑year veteran of Western Alliance, will become its president and chief executive officer on July 6, succeeding retiring chair Susan Riel. Curley previously served as Western Alliance’s chief banking officer, overseeing corporate finance, municipal...
Charles & Chase Koch on How They Quietly Built a $150B Empire
In this hour‑plus interview, Charles and Chase Koch walk through the evolution of Koch Industries from a modest 300‑employee oil‑gathering firm in the 1960s to a private conglomerate worth roughly $150 billion, operating in energy, chemicals, agriculture, consumer products, and technology...
Under Armour Sees Another Weak Year as North America Struggles, Shares Slump
Under Armour warned that fiscal 2027 revenue will likely slip, marking a fourth consecutive year of sales decline, and projected adjusted profit per share of just 8‑12 cents, far below the 23‑cent consensus. The company extended its restructuring program, now...
AI‑Powered ‘Megamanagers’ Emerge as Coinbase Ditches Pure Managers
Coinbase CEO Brian Armstrong announced a 14% workforce reduction and the elimination of “pure managers,” prompting tech firms to adopt AI‑augmented “megamanagers.” The shift expands spans of control, raises direct reports from 10.9 to 12.1 on average, and threatens employee...
Gallagher Appoints Ana Matarranz as CEO of Spain, Boosting European Growth
Gallagher announced Ana Matarranz as chief executive officer of its Spanish operations. The veteran broker brings more than 20 years of insurance and consulting experience, positioning Gallagher to accelerate growth in a market seen as ripe for expansion. The move...
EBay Rejects GameStop’s Acquisition Offer
eBay’s board formally rejected GameStop CEO Ryan Cohen’s unsolicited proposal to acquire the marketplace, calling the offer neither credible nor attractive. Cohen valued eBay at about $55.5 billion but could only account for under $30 billion in funding, creating a sizable financing...
Why Great Founders Know When to Step Back
Great founders often step back sooner than expected, recognizing that sustainable growth hinges on strong teams. Sam Calagione, founder of Dogfish Head, attributes the brewery’s rise to hiring complementary talent and granting them autonomy. The article argues that early delegation...
Nvidia’s Huang Wants to Sell Chips to China. Trump Has Other Priorities.
Nvidia CEO Jensen Huang will not join President Donald Trump on the administration’s upcoming trip to China, according to media reports. The omission suggests the White House is scaling back efforts to open the Chinese market for U.S. semiconductor firms....
HL7 CEO Rachel Dunscombe: Going From Specifications to Scaling Up
Rachel Dunscombe, HL7’s new CEO, used the WEDI spring keynote to shift the conversation from drafting specifications to scaling interoperable solutions. She highlighted the role of FHIR accelerators such as Gravity, Codex, Vulcan and Helios in turning standards into real‑world...
Lithia Motors Reorganizes Dealerships as Part of Productivity Push
Lithia Motors, the United States’ largest auto dealer, is overhauling its dealership structure to drive more output from the same workforce. The company is centralizing back‑office functions, merging sales and finance‑and‑insurance roles, and expanding manager oversight to cover multiple stores,...
Peraso's Q1 Revenue Plummets to $1M as Asian Supplier Delays Hit Shipments
Peraso Inc. reported first‑quarter 2026 net revenue of $1 million, a 66% decline from the prior quarter, after an Asia‑based supplier disrupted shipments of its millimeter‑wave and legacy memory chips. The company said it has now secured alternative sources and expects...
Inside Saks Global's Four-Month Bankruptcy Sprint
In this bonus BOF episode, CEO Geoffroy Van Remdonk walks through Saks Global’s rapid four‑month Chapter 11 restructuring, detailing how $1.2 billion of new liquidity and a $500 million exit‑funding package enabled the company to restore vendor trust, repurchase inventory, and slim down its...
Dutch Bros Posts 30% Revenue Jump as Energy Drinks Fuel Growth
Dutch Bros reported a 30% year‑over‑year revenue increase in Q1 FY2026, outpacing rivals like Starbucks. The surge is tied to the chain’s aggressive expansion of its proprietary energy‑drink portfolio, including the long‑running Rebel line and the newly launched Myst Energy...
Hycroft Mining Elevates CEO Diane R. Garrett to Executive Chairman, Retains CEO Role
Hycroft Mining Holding Corp. announced that CEO Diane R. Garrett will also serve as Executive Chairman, a move designed to tighten governance and accelerate the company's growth plan. The board will add three independent directors and the firm expects further...
ZoomInfo Beats Q1 Forecast, Posts $310M Revenue, but Lowers Full-Year Outlook
ZoomInfo posted Q1 2026 revenue of $310 million, a 1.5% year‑over‑year increase that topped the high end of its guidance. The B2B data SaaS firm also announced a revised FY 2026 revenue range of $1.185‑$1.205 billion, reflecting a 4% midpoint decline, and...
Veeam CEO: We Have Defined A Missing ‘Data AI Trust Layer’
Veeam CEO Anand Eswaran announced a new “data AI trust layer” at VeeamON 2026, a unified fabric that sits between data/analytics and AI models to combine security, privacy, compliance, governance and resilience. The company also launched a Data and AI Trust...
Sanjay Mehrotra: From NAND Inventor To
Sanjay Mehrotra legendary LinkedIn work experience: > co-invents tech for NAND flash memory > co-founds SanDisk and runs for 28 years > sells SanDisk to Western Digital for $19B in 2016 > becomes Micron Technology in CEO in 2017 and market cap since grown...
Long Lake Executes First AI‑Driven $6.3B Take‑Private
Long Lake did the world's first (to my knowledge) AI-driven take private of a public company -$6.3B acquisition -100 year old Amex Global Business travel -Plan to transform it with AI Spoke w CEO Alex Taubman on @NoPriorsPod about it in his first...
City and Guilds Foundation Appoints First Permanent Chief
Ben Blackledge, former chief of WorldSkills UK, has been appointed the first permanent chief executive of the City and Guilds Foundation. He will transition to the role after overseeing the UK’s participation in WorldSkills Shanghai, succeeding interim chief Mike Adamson....
How Much Power Did Microsoft Have Over OpenAI?
Microsoft CEO Satya Nadella testified in the high‑profile Elon Musk v. OpenAI trial, addressing how deeply Microsoft is intertwined with OpenAI’s operations. He described the relationship as being “below, above, around” the AI startup, underscoring Microsoft’s $13 billion investment and integrated product...
AI Is a Leadership Problem, Not a Technology Problem
Todd James argues that AI’s biggest obstacle is not technology but leadership. Executives are investing in pilots and models but often cannot show a direct impact on the profit and loss statement. He identifies three critical levers—P&L relevance, decision‑making velocity,...
Trump Is Taking More than a Dozen U.S. Executives to China. Jensen Huang Isn’t One of Them
President Donald Trump is traveling to Beijing with a delegation of more than a dozen U.S. executives, but Nvidia CEO Jensen Huang will not join them. Huang has made several trips to China over the past 18 months, yet his...
Wall Street Wrap: Humana CEO Says “the Priority Is Not Growth”
Humana CEO Jim Rechtin reaffirmed that the insurer’s top priority is hitting a 3% net‑profit margin by 2028, pushing member retention ahead of growth. The company is trimming benefits to offset modest Medicare‑Medicaid rate hikes while integrating recent acquisitions, including...
Another SCCE-HCCA CEO Sacked
The Society of Corporate Compliance & Ethics (SCCE) and the Health Care Compliance Association (HCCA) have removed joint CEO Garth Jordan after only eight months, naming co‑founder Odell Guyton as interim CEO. Jordan, who came from the American Animal Hospital...
WebAI Adds Oura CEO Tom Hale to Board, Boosting Sovereign AI Credibility
webAI announced the appointment of Oura CEO Tom Hale to its board of directors, underscoring the AI platform’s focus on privacy‑first, edge‑based intelligence. The move brings more than three decades of technology leadership to a company positioning itself as a...
Former DB Cargo CEO Sigrid Nikutta Joins NEXRAIL Board
Former DB Cargo chief Sigrid Nikutta has joined the board of NEXRAIL, a Rotterdam‑based locomotive leasing firm, after departing the German rail operator in late 2025. Nikutta’s tenure at DB Cargo featured digital upgrades and modest market‑share gains amid intense...
Satair Acquires Unical Aviation and Ecube, Forming Global USM Powerhouse
Satair, an Airbus subsidiary, has completed the acquisition of Unical Aviation and its subsidiary ecube, forging a global leader in used serviceable material (USM) and aircraft lifecycle solutions. Financial terms were not disclosed, but the deal expands Satair’s footprint across...
Is Heidi O’Neill Exactly What Lululemon Needs?
Heidi O’Neill, a 30‑year Nike veteran who oversaw women’s apparel and DTC operations, has been named Lululemon’s new CEO. The appointment sparked mixed reactions, with analysts questioning her lack of CEO experience and founder Chip Wilson expressing disappointment. Lululemon’s shares...
MEMX’s Kellner Sees Tech Clients – and Rivals – as Growth Engine for Options Push
MEMX CEO Kellner says the firm will tap technology companies and even rival exchanges as the primary engine for expanding its options business. The strategy arrives as the broader derivatives market eyes new product launches, including a compute futures market...
Havas Play Ushers in New Senior Team to Drive Growth
Havas Play UK has reshaped its senior leadership with an all‑female lineup to fuel its culture‑first growth strategy. Charlie Hugill is promoted to chief client officer, Maria Panayi joins as head of culture, and Hannah Liu‑Sherman becomes managing partner overseeing...
5 Rookie Mistakes That Could Get You Fired as a First-Time CEO
First‑time CEOs often stumble on five common pitfalls that can shorten their tenure. These include unclear priorities, reluctance to delegate, poor personal boundaries, weak board relationships, and operating in isolation. The article draws on executive‑coach experience to illustrate how each...
Ouai Names Susan Kim CEO
Ouai, the Procter & Gamble‑owned hair‑care label founded by celebrity stylist Jen Atkin, announced Susan Kim as its new chief executive effective May 19. Kim, who led Kopari and held senior roles at Huda Beauty and Benefit Cosmetics, will steer the...
Delivery Hero Chief to Step Down Amid Activist Pressure
Delivery Hero’s chief executive, Niklas Östberg, announced his resignation after mounting pressure from activist investor Cevian Capital, which has called for a strategic review and cost reductions. The board appointed the company’s CFO as interim chief executive while a permanent...