Sunday, December 22

Tag: Resign

TikTok CEO resigns within 90 days
News

TikTok CEO resigns within 90 days

HongKong, Aug 27th, 2020: TikTok CEO Kevin Mayer resigned amid US pressure for its Chinese owner to sell the popular video app, which the White House says is a security risk. In a letter to employees, Mayer said that his decision to leave comes after the "political environment has sharply changed". His resignation follows President Donald Trump's order to ban TikTok unless its parent company, ByteDance, sells its US operations to an American company within 90 days. "I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for," he said in the letter. "Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decide...
Bill Gates Leaves Microsoft Board
News

Bill Gates Leaves Microsoft Board

Microsoft announced that co-founder Bill Gates has left its board of directors to devote more time to philanthropy. The 64-year-old stopped being involved in day-to-day operations at the firm more than a decade ago, turning his attention to the foundation he launched with his wife, Melinda. Gates served as chairman of Microsoft's board of directors until early in 2014 and has now stepped away entirely, according to the Redmond-based technology giant. "It's been a tremendous honor and privilege to have worked with and learned from Bill over the years," Microsoft chief executive and company veteran Satya Nadella said in a release. "Bill founded our company with a belief in the democratizing force of software and a passion to solve society's most pressing challenges, and Microsoft...
Disney CEO Resigns from Apple’s board of directors
News

Disney CEO Resigns from Apple’s board of directors

SAN FRANCISCO, 16th Sept 2019- Disney CEO Bob Iger has resigned from Apple's board of directors as the two companies are preparing to launch online streaming services. According to an Apple to the US Securities and Exchange Commission (SEC), Iger quit on September 10, the day Apple announced price and release date of its streaming service. "I have the utmost respect for Tim Cook, his team at Apple and for my fellow board members," Iger said in a statement, published by The Hollywood Reporter. "Apple is one of the world's most admired companies, known for the quality and integrity of its products and people, and I am forever grateful to have served as a member of the company's board," he said. Iger first joined Apple's board in 2011, a month after the death of Apple CEO Steve ...
Blizzard co-founder Mike Morhaime is Stepping Down
News

Blizzard co-founder Mike Morhaime is Stepping Down

The popular gaming company Bizzard that created game titles like World of Warcraft, Overwatch, and Hearthstone is getting new leadership and its co-founder Mike Morhaime is stepping down. After leading the company for 27 long years, Blizzard President Mike Morhaime is stepping down from the company he co-founded back in 1991 when it was called Silicon and Synapse. J. Allen Brack, previously Senior Vice President and Executive Producer on WoW, will replace Morhaime and now lead the company. Brack has been working with Blizzard since 2006. In a letter about the transition, Brack also mentioned that Blizzard co-founder (and the original lead designer of WoW) Allen Adham will be joining the company’s executive team to “oversee development of several new games.” Adham left Blizzard in 2004...
Know Why Zomato Base President Resigned Within 8 Months of Joining
BUSINESS

Know Why Zomato Base President Resigned Within 8 Months of Joining

Within eight months of joining Zomato's cloud based point-of-sale system, Zomato Base, its President Samir Kuckreja has stepped down from his post. The news was first reported by The Economics Times.  Samir's exit comes after a month of Deepak Gulati's resignation,  who was working as the Chief Operating Office of online restaurant discovering and food ordering app Zomato. Kuckreja joined the firm in February, 2017 to head its PoS Business and was planning to scale up the business in the long term. Kuckreja, while confirming the development said it was a change in Zomato’s plan regarding its long-term strategy for Zomato Base which was one of the key reasons for his exit. “The original idea was that Zomato Base would become one of the key verticals which would drive revenues in 2-...
Softbank Chairman Nikesh Arora Quits , #Nexit Trends on Twitter
News

Softbank Chairman Nikesh Arora Quits , #Nexit Trends on Twitter

In line with trending terms like "Brexit" and "Rexit", now Twitterati have coined a new expression "Nexit" after India-born Nikesh Arora announced his surprise resignation as President and COO at SoftBank. For the past several days, two words Brexit and Rexit have been trending. Brexit in short stands for Britains possible exit from the European Union, while Rexit word came up after RBI Governor Raghuram Rajan decided against seeking a second term. On Twitter, Aroras surprise exit was being referred as #Nexit, in line with the trending terms -- #Rexit (Rajan deciding not to take a second term) and #Brexit (Britains possible exit from the EU). India-born Nikesh Arora, President and COO at Japanese conglomerate SoftBank, today said he is stepping down from his role as Masayoshi ...