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(Reuters) – Home-renting company Airbnb Inc on Monday hired Amazon.com Inc (AMZN.O) veteran Dave Stephenson as chief financial officer (CFO), ahead of a widely anticipated initial public offering next year best customized cufflinks uk sale. Stephenson’s departure was followed by the exit of another Amazon veteran, Jason Warnick, who is leaving the e-commerce giant to become CFO at online brokerage startup Robinhood. Stephenson will start in early January, Airbnb said in a statement here, and will replace Laurence Tosi, who left the company in February..
Stephenson, a who has worked at Amazon for 17 years, was most recently vice president and CFO of the online retailer’s worldwide consumer organization, which is responsible for all of Amazon’s global website sales including its Prime service. Airbnb, valued by private investors at $31 billion, has in recent months turned to new services and offerings to fuel growth, adding luxury vacation homes and hotels to its platform best customized cufflinks uk sale. Robinhood said here Warnick will join the company next week, after spending nearly 20 years at Amazon – most recently vice president of finance and chief of staff to the CFO..
DETROIT (Reuters) – General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce because of a declining market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles. GM’s actions add up to the biggest restructuring for the U.S. No. 1 carmaker since its bankruptcy a decade ago, and mark a turning point for the North American auto industry. U.S best customized cufflinks uk sale. automakers have enjoyed nearly a decade of prosperity since the 2008-2009 financial crisis and the government bailouts of GM and the former Chrysler Corp..
GM’s announcement immediately drew criticism from U.S. President Donald Trump, highlighting the political risks facing GM. He demanded the automaker find a new vehicle to build in Ohio and added that he had told GM Chief Executive Mary Barra he was unhappy with her decision to cut production at an Ohio factory best customized cufflinks uk sale. Ohio will be a key state in the 2020 presidential campaign. “I have no doubt that in the not too distant future, they’ll put something else. They better put something else in,” Trump, who has pushed for more manufacturing jobs throughout his almost two years in office, said..
GM did not immediately comment on Trump’s remarks, but the company noted it has other facilities in Ohio including a transmission plant in Toledo and metal center in Parma best customized cufflinks uk sale. GM and its rivals are facing rising bills for technological transformation, increased risks from U.S. trade policy and investors reluctant to fund their traditional product strategies. Barra on Monday portrayed the decision to put five North American factories on notice for potential closure and cut nearly 15,000 jobs as necessary to keep the company strong as it plows money into new technology and new businesses such as robo-taxi services..