Amazon’s CFO Szkutak Plans Retirement; Successor Named
Amazon.com’s SVP & CFO Thomas J. Szkutak, 53, will retire from the company in June 2015. Before joining Amazon.com, Szkutak served as CFO for GE Lighting. Prior to being named CFO of GE Lighting, Szkutak oversaw the GE Plastics finance operations for Europe, the Middle East, Africa and India. In addition, he was EVP of finance for GE Investments in Stamford, Connecticut.
Brian T. Olsavsky, 51, VP of Finance for the company’s global consumer business, will succeed Szkutak as CFO. Olsavsky joined Amazon in 2002 as VP of Finance and has held numerous financial leadership roles with global responsibility. Prior to joining Amazon, he was employed by Fisher Scientific International for 7 years in a variety of financial and business management roles.
eBay and PayPal Split; Board Member Resigns While New CEOs Appointed Along With Other Senior Leaders
eBay and PayPal are splitting as two separate publicly-traded companies. Marc Andreessen, 43, is resigning from the company’s board. Andreessen has served on eBay’s board for six years, joining in 2008. Following the board’s recent decision to separate eBay and PayPal, Andreessen said that now is the right time to step down. Andreessen’s firm, Andreessen Horowitz, has stakes in companies from taxi app Lyft to virtual reality hardware maker Oculus VR. He sits on the boards of Facebook, HP and Oculus, among others.
Both companies will get new CEOs as part of the deal, with eBay Marketplaces President Devin Wenig, 47, taking over at eBay, and AmEx President Dan Schulman, 56, leading PayPal.
Wenig has been President of Marketplaces Business Unit of eBay since 2011. Before this role, he most recently was CEO of Thomson Reuters markets. He also led the integration of Reuters and Thomson following the merger of the two companies.
Schulman joins PayPal from American Express, where he was president of the company’s Enterprise Growth Group. Prior to joining American Express Schulman has held senior executive and CEO roles at AT&T, Priceline and Virgin Mobile.
eBay Marketplaces appointed Steve Fisher as SVP and CTO. Fisher joins eBay from salesforce.com where he served as EVP, Technology. Prior to that, Fisher held engineering positions at Apple and AT&T Labs. He also founded and served as CEO for NotifyMe Networks, an interactive voice-alerting platform application service provider. eBay's SVP & CTO Mark Carges, resigned, in order to focus on a family matter.
Twitter's News Chief to Step Down
Vivian Schiller, head of News at Twitter, will be stepping down. Schiller worked with various news organizations on education initiatives and integration the social media service into news coverage. The former NBC executive, who was responsible for acting as a liaison between Twitter and news organizations, will be handing over the reins to Adam Sharp, who leads the government and elections team.
AOL Appoints President of Video and Studios; Goes Through Other Exec Changes
AOL appointed Dermot McCormack as President of Video and Studios. McCormack succeeds Ran Harnevo, who has left to pursue other opportunities, but will remain as Executive Producer of AOL’s first long-form Original Series, Connected. Prior to this McCormack has served Viacom where he was the head of Viacom’s Music & Logo’s Connect Content Group. Prior to joining Viacom, he held senior roles at Cablevision, Flooz.com and iVillage.com.
Matthew Kelpy resigned from AOL as Controller, Chief Accounting Officer and Treasurer. Kelpy became AOL’s controller and chief accounting officer in 2011. Before he joined AOL in 2005, he was with Deloitte & Touche from 1995 to 2005.
AOL appointed Susan Lyne to lead The BBG Fund, a new venture fund focused on early stage investments in women-led consumer internet start-ups. Lyne, who joined AOL in early 2013, previously was chairman and CEO of online fashion and luxury brand retailer Gilt Groupe and served as president, CEO and director of Martha Stewart Living Omnimedia. She also served in various positions at The Walt Disney Co.
Maureen Sullivan, President of Media Brands will continue to lead AOL.com as well as AOL’s lifestyle brands and money portfolio; Luke Beatty, President of Media Brands, will lead AOL’s technology, autos and entertainment properties as well as the Experimental Products team; and Arianna Huffington and Jimmy Maymann will continue to run The Huffington Post.
Euronet Worldwide Appoints Entrepreneur with Experience in Industry Leading Technology Solutions as Board Member
Electronic payment services company Euronet Worldwide appointed Mark R. Callegari to its Board. Callegari is the Founder and CEO of Callegenix, a leader in building illumination and microprocessor control systems. He also founded LightWild, a leader in LED lighting solutions; Tidestone Technologies, developer of Microsoft excel-based management reporting solutions; and Visual Components, developer of desktop software solutions for IT professionals.
DigitalGlobe Names Internal Finance Leader as Interim CFO
Fred Graffam will become Interim CFO at DigitalGlobe, replacing Yancey Spruill, who leaves, to become CFO at Providence Corporate Development Holding Company. Graffam has served as the company’s VP of Financial Planning & Analysis since mid-2013. Prior to joining DigitalGlobe, Graffam served as SVP of Finance – North America and Asia Pacific for Level 3 Communications, and spent 17 years with Comcast, serving as SVP of Comcast’s Beltway Region and SVP, Finance, West Division. He began his career in public accounting with Deloitte.
WebMD Appoints BabyCenter’s Senior Exec as EVP of Consumer Sales and Product Marketing
WebMD Health appointed Mike Fogarty, former SVP and global publisher at BabyCenter, as EVP of consumer sales and product marketing. Previously, Fogarty was EVP for the Kaboose Network of family websites that was acquired by Disney. He also spent 12 years at AOL and AOL Time Warner in a variety of leadership roles including VP of AOL Media Networks and Executive Director, Business Affairs & Development.
Millennial Media Appoints New Managed Media President
Millennial Media named Jason Kelly as President of the Company’s Managed Media business. Most recently, Kelly was CEO of Sociomantic, a company that helped some of the largest retailers with their e-commerce strategies through re-targeting and programmatic solutions. Sociomantic was recently acquired by Dunhumby, a UK-based company and Tesco subsidiary. Prior to Sociomantic, he held executive sales management positions at a number of leading global brands - including Google/Admeld, Time, RAPT (a Microsoft subsidiary) and Virgin America.
BET Networks Appoints Facebook Marketing Executive as Chief Digital Officer
Kay Madati, a former Facebook executive has been appointed as EVP and Chief Digital Officer of BET Networks, a division of Viacom. Prior to joining facebook in 2011 Madati has held marketing and operations roles in CNN Worldwide, Octagon Worldwide and BMW of North America.
Date Range: September 1st - October 20th