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Facebook's hiring plans; Twitter's new board member; Red Hat's new CEO

S&P Global Market Intelligence presents a weekly rundown of high-level executive and director changes in the global technology, media and communications industries.

Top news

SNL Image

Paul Cormier
Source: Red Hat

* Facebook Inc. plans to hire 10,000 more employees by the end of 2020 while keeping its current workforce, CNBC reported, citing COO Sheryl Sandberg. The new hires will work for the company's engineering and product teams.

* Twitter Inc. appointed Elliott Management Corp. partner Jesse Cohn to its board of directors as part of a cooperation agreement with the activist investor. Cohn will become a Class II director, and his term will expire at Twitter's 2021 annual meeting of stockholders.

* Open-source software company Red Hat Inc. named Paul Cormier president and CEO. Cormier replaced Jim Whitehurst, who is now president of Red Hat's parent entity IBM Corp. Cormier was formerly Red Hat's president of products and technologies.

The Americas

* Will Lewis is stepping down as CEO of Dow Jones & Co. Inc. and publisher of The Wall Street Journal. Lewis will continue to work with his team through the current COVID-19 crisis for the next month. The company will name a successor in the coming weeks.

* In other IBM news, Martin Schroeter, senior vice president, global markets, global financing, marketing and communications, will retire from the company on June 30 after 28 years with the company.

* Françoise Brougher stepped down as COO of Pinterest Inc. The company's CFO, Todd Morgenfeld, will assume Brougher's responsibilities.

* Charles Geschke will not stand for reelection to Adobe Inc.'s board of directors at the company's 2020 annual meeting of shareholders. Geschke will become a director emeritus and continue to participate in board activities.

* Gannett Co. Inc. appointed Douglas Horne as CFO and chief accounting officer of the company. He replaces former CFO Alison Engel, who left Gannett at the end of the first quarter. Most recently, Horne was global controller for The We Co. from May 2019 until November 2019.

* Steven Campbell, executive vice president, chief administrative officer and a director of United States Cellular Corp., will retire, effective June 19. Campbell will continue as a director of the company until his term expires at its May 19 annual meeting of shareholders.

* Jacqueline Reses resigned as a director of Intelsat SA because of her duties and responsibilities as an executive at Square Inc. Intelsat said her resignation is not due to any disagreement with the company on any matter related to its operations, policies or practices.

* Naveen Chopra will resign from Vonage Holdings Corp.'s board of directors at its 2020 annual meeting of shareholders. Chopra has been a director since 2014 and his resignation did not result from any disagreement with Vonage, the company disclosed.

* The Walt Disney Co. will furlough employees "whose jobs aren't necessary at this time," starting April 19, amid the impact of the coronavirus pandemic on business operations, reported April 2. In a memo, Disney said the affected employees will remain Disney employees throughout the "temporary, short-term" furlough period and get full benefits, including healthcare and compensation through the recently announced economic relief package.

Europe, Middle East and Africa

* Dentsu Group Inc. unit Dentsu Aegis Network Ltd. named Wendy Clark global CEO, effective September 2020. Clark earlier stepped down as CEO of Omnicom Group Inc.-owned advertising and marketing network DDB Worldwide. Current DDB Worldwide Chairman Chuck Brymer will become the company's interim head.

* Rhodri Williams stepped in as chair of Welsh public broadcaster S4C for a four-year term.

* German media company ProSiebenSat.1 Media SE named Antonella Mei-Pochtler as a supervisory board member, effective April 13.

* VEON Ltd. appointed Serkan Okandan group CFO, effective May 1. The company also named Alexander Torbakhov CEO of its mobile operator unit, Beeline Russia.

* Cybersecurity company Kaspersky Lab ZAO named Mikhail Pribochiy the new managing director of its operations in Russia, the CIS or former Soviet Union countries and the Baltic states, Telecompaper reported April 3.

* Romain Bausch stepped down as chairman of Luxembourg-based satellite operator SES SA, but will remain on the board as an independent director. SES' board elected Frank Esser its new chairman.

* Italian towers operator Infrastrutture Wireless Italiane SpA named Emanuele Tournon chairman and Giovanni Ferigo CEO. The company also appointed Diego Galli CFO.


* Grab Holdings Inc. named Peter Oey CFO of the company. Oey joins the Southeast Asian ride-hailing app from legal technology solutions provider LegalZoom, where he was finance chief.

* Malaysian video streaming platform iFlix Sdn. Bhd. will lay off more than 50 employees across its operations amid uncertainties due to the coronavirus pandemic and an upcoming debt deadline, Variety reported, citing a company statement.

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