Here are just a few of the interesting executive changes making headlines over this past week:
Barclays Issues Replacement Barclaycard CEO
European-based bank Barclays appointed Amer Sajed as the permanent CEO of its Barclaycard business. Sajed had been serving as the business’ interim CEO since Val Soranno Keating’s departure in May 2015. A longtime Barclays executive, Sajed previously led Barclaycard’s businesses in the UK and US; he joined from Citigroup in 2006. Sajed’s appointment is part of a succession of executive changes aimed at installing new leadership to turn around the bank’s stagnate business. This past December former JP Morgan Chase executive James Staley joined as Barclays’s CEO. Other recent appointments include former JPMorgan executives C. S. Venkatakrishnan as Barclays’s chief risk officer and Paul Compton as COO. Both are joining in May.
Yelp Names New CFO
Two months after it revealed CFO Rob Krolik was leaving, online business reviews company Yelp named Charles “Lanny” Baker as its new CFO. Baker, who brings years of leadership experience from other digital businesses, will join in May from ZipRealty. He had served as the online real estate brokerage firm’s president and CEO since 2010 and as CFO from 2008 to 2010. He’s also held the CFO role at employment site Monster Worldwide and sat on the boards of online vacation rental company HomeAway and media company XO Group. Outgoing CFO Krolik joined Yelp in 2011 and helped take the company public in 2012.
Malaysia Airlines CEO Departs before Schedule
Malaysia Airlines CEO Christoph Mueller announced he was resigning in September, nearly two years before his three-year contract expired. Mueller joined Malaysia Airlines in May 2015 to overhaul the carrier. During his short tenure, he cut 6,000 jobs and eliminated several routes. The company is searching for a successor to build on the groundwork laid by Mueller, who said he was leaving for personal reasons. Malaysia Airlines has struggled to recover since the 2014 disappearance of Flight 370 over the South China Sea and the crash of Flight 17 a few months later, which was shot down over Ukraine.
Look for more Executives on the Move next week!