CEOs resigning because of racial injustices and the black lives matter movement

C-Suite Reshuffling

High-level executives have left their c-suite offices in media, fitness, and retail. Complaints of mistreatment of black workers, and other troubling behavior, come to light in a newly charged environment around racial justice. 

  • Bon Appétit Editor in Chief Adam Rapoport, NYT Opinion Editor James Bennet, founder of the fashion site Man Repeller Leandra Medine, and Refinery29 Editor in Chief and cofounder Christene Barberich. 
  • Yael Aflalo, founder of the sustainable clothing brand Reformation has stepped down after she posted on Instagram that she had “failed” after a former general manager for the brand posted that women of color were “overlooked and undervalued.” 
  • Founder of stationery brand Ban.do Jen Gotch resigned as chief creative officer after acknowledging she was “guilty” of being racist.
  • When CrossFit took a long time in releasing a statement supporting the protests, gyms began cutting their affiliations with the company. CEO Greg Glassman posted offensive tweets about George Floyd, after which brand partners abandoned their partnership and Glassman resigned. 

Reflection: It’s interesting to look from the outside. Companies have come out with statements stating they are in solidarity with racial injustice. The true test of change will come when companies adjust their internal policies and extend them to their employees of colour or lack thereof . It’s easy to come out with a statement, but true change will come when boards include people from different backgrounds, and when they have a diverse workforce. 

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