Leadership Change
PGA Tour CFO Jay Madara to retire in March
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Jay Madara, the PGA Tour's executive vice president and chief financial officer, will retire effective March 31 at age 54. He joined the organization in 2021 and played a key role in major financial initiatives amid changes in professional golf. The Tour has begun searching for a successor.
Richard Grenell is stepping down as interim president of the Kennedy Center after over a year in the role. President Donald Trump announced the departure on Truth Social, praising Grenell's work during a transitional period. Matt Floca, the current vice president of facilities operations, is set to become COO and executive director pending board approval.
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Asha Sharma, the new CEO of Microsoft Gaming, and Matt Booty, Xbox's chief content officer, have emphasized a commitment to new Xbox hardware as part of a broader effort to revive the brand. Their statements follow the retirement of long-time leader Phil Spencer and the departure of Sarah Bond. Sharma, coming from Microsoft's CoreAI division, promises announcements soon while stressing learning about ongoing strategies like Game Pass and multiplatform publishing.
A Congress MLA has claimed that Deputy Chief Minister DK Shivakumar will take over as chief minister of Karnataka after the ongoing assembly session. This statement comes amid denials from the camp of current Chief Minister Siddaramaiah. The claim highlights ongoing internal dynamics within the state's ruling party.
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Scott Mills, president and CEO of BET Media Group, is stepping down after more than two decades with the company. Louis Carr, BET's president of media sales, will assume the role of president, reporting to George Cheeks at Paramount Skydance. The leadership change follows the recent acquisition of Paramount Global by Skydance Media.
Daniel Ek, Spotify's founder and CEO for 15 years, announces he is stepping down from the CEO role. He will remain as chairman while the company searches for a successor. The news comes amid challenges for the music streaming service.