Business Executives

Amazon has announced that its founder Jeff Bezos will step down as CEO during the third quarter of 2021 and will be replaced by Amazon Web Services (AWS) CEO Andy Jassy. Bezos will take on the role of executive chairman of Amazon’s board.

“I’m excited to announce that this Q3 I’ll transition to Executive Chair of the Amazon Board and Andy Jassy will become CEO,” Bezos wrote in a letter to employees obtained by CNBC. “In the Exec Chair role, I intend to focus my energies and attention on new products and early initiatives."

Channing Dungey, former President of ABC Entertainment, will take over as chairwoman of Warner Bros. Television Group. Dungey will replace the veteran television executive Peter Roth, who will step down next year.

Ten days ago it was announced Channing Dungey had stepped down as VP Original Content and head of drama at Netflix after 20 months at the streamer.

Dungey will start her tenure early next year and will report to Ann Sarnoff, chief executive of Warner Media Studios and Networks Group.

McDonald’s is suing its former CEO, Steve Easterbrook, for allegedly lying during the company’s internal probe into his behaviour. The company requires Easterbrook to return about $40 million paid to him as his exit package.

The board terminated Easterbrook in November for having a consensual relationship with an employee, but the company now alleges that the former CEO had sexual relationships with three employees in the year before his ouster.

According to the complaint, "The investigation confirmed that the alleged relationship had occurred and revealed that it had been a non-physical, consensual relationship involving texting and video calls."

A study by the Zeppelin University in Friedrichshafen shows that public companies have 19,7 female managers. That is an increase of 0.4 percent over the previous year. So only 432 of the total of 2196 management positions in public companies are filled by women.

The study shows that on average only 22% of female applicants are placed on vacant positions.The city of Offenbach in Hesse is remarkable, as it has 56.5 percent women in the top floors of municipal companies. 1469 public companies such as public utilities or hospitals in 69 cities were examined.