Electra.aero, a company developing hybrid-electric aircraft, has appointed B. Marc Allen as its new CEO. Allen brings extensive experience from his career at Boeing, including roles in strategy, finance, and international operations. With over 2,000 orders for its 9-seat aircraft, Electra aims to become a global leader in sustainable air travel.
Chipotle Mexican Grill has accelerated its CFO transition, moving up Adam Rymer’s appointment to October 1st following the departure of CEO Brian Niccol to Starbucks. This comes as Chipotle navigates a period of both positive and negative headlines, including the launch of a new menu item and labor disputes.
Blink Charging Co. (BLNK) announced that its CEO, Brendan Jones, will retire in January 2025 after five years with the company. COO Michael Battaglia will succeed Jones as CEO, while Jones will remain on the board and as an advisor until July 2025. The announcement comes as Blink reported weaker-than-expected second-quarter results, including a revenue miss and a lowered full-year guidance.
Polestar Automotive Holding UK PLC (PSNY) announced that Michael Lohscheller will take over as CEO, effective October 1, 2024. This news comes amidst a challenging period for the electric car company, with its stock plummeting over 70% in the past year. Lohscheller, known for his leadership roles at Opel, VinFast, and Nikola, aims to expand Polestar’s global presence and strengthen its position in the premium electric vehicle market.
Vale SA, a global mining giant, has selected its Chief Financial Officer, Gustavo Pimenta, as its new CEO, following a tumultuous succession process marked by board conflicts and political pressure. Pimenta’s appointment, effective January 2025, comes after the resignation of two independent board members who voiced concerns about political interference in the selection process.
Tan Mei Phing, a seasoned professional with over 12 years of experience at MyCEB, has been appointed as the Acting Chief Executive Officer. With a strong track record in the business events sector and extensive industry knowledge, Tan is well-equipped to lead MyCEB into its next phase of growth and enhance Malaysia’s reputation as a leading destination for business events.
Ethan Evans, a former Amazon VP, has sparked controversy online by claiming the CEO of a startup he worked for seduced his wife in retaliation for his pushback at work. The claim has led to speculation and a surprising twist from someone claiming to be Evans’ ex-wife.
Grayscale Investments, the cryptocurrency asset manager, has appointed Peter Mintzberg as its new CEO. Mintzberg brings decades of experience from traditional finance giants like Goldman Sachs and BlackRock, aiming to steer Grayscale through the increasingly competitive crypto landscape. His arrival follows Grayscale’s successful conversion of its Bitcoin trust into an ETF, but the company now faces stiff competition from established financial institutions like BlackRock and Fidelity.
Starbucks’ new CEO, Brian Niccol, will work remotely from Southern California, highlighting the evolving workplace landscape after the COVID-19 pandemic. This arrangement contrasts with the return-to-office policies implemented by many companies, including Starbucks itself.
Sonos’s recent app update caused widespread disruption and frustration among its users. While CEO Patrick Spence has accepted responsibility, some argue that a leadership change is necessary to regain customer trust and ensure the company’s future success.
