Fox Factory's CEO Exits on the Same Day the Outlook Shrinks
Mike Dennison stepped down as Fox Factory reported a third-quarter miss and cut its full-year forecast, and director Douglas Grimm took over as interim CEO.
Leaders & Executives
Kroger CEO Takes Aim at Layers, Handoffs and Overhead
Kroger plans to remove about 3,000 corporate jobs over three years as its new CEO tries to strip out excess layers and move resources closer to customers.
Bausch + Lomb Swaps CEOs Overnight, and Investors Blink
Brent Saunders left Bausch + Lomb by mutual agreement with the board, and chairman Thomas Appio took over as interim CEO effective immediately, while the shares slid more than 7%.
HubSpot Flattens Its Hierarchy and Rebuilds Teams Around Customers
HubSpot is cutting about 7% of its staff, reducing management layers and reorganizing product teams around customer outcomes rather than separate product Hubs.
Herbalife's CEO Hands Over the Keys After a Turnaround Run
Stephan Gratziani leaves the top job at Herbalife on October 31, and long-serving finance chief John DeSimone steps in as interim CEO while the board looks for a permanent leader.
Uber Trims 3,300 Roles and a Fifth of Its Managers
Uber is cutting about 10% of its global workforce to strip out management layers, halve its tiny teams and pull almost everyone back to the office.