This Week's Top Five Leadership Stories

Nik Storonsky: Revolut’s IPO is Still ‘Two Years Away’

Revolut CEO Nik Storonsky says the digital bank’s IPO is still two years away, with plans to take the company public sometime in 2028.

In an interview with Bloomberg, Nik said the company was still “two years away” from an official IPO.

“We’re a bank, and for a bank, it’s super important to have trust. Public companies are trusted more compared to private companies,” he added.

According to Nik, Revolut will launch more secondary share sales before announcing an IPO, as it generally does transactions every one to two years. 

In the same interview, he added that secondary deals generate liquidity for early investors and employees, allow Revolut to stay private for longer and have generally raised its valuation.

NVIDIA's Jensen Huang Aims to Reassure Workers Over AI Shift

Leaders in the technology industry seem to be at odds with how AI will affect the world of work.

Some CEOs believe white-collar work will be a thing of the past, such as Anthropic CEO Dario Amodei’s suggestion that AI could eliminate entry-level white-collar jobs within five years, saying the technology will be “better than humans at almost all intellectual tasks” in a CNN interview.

NVIDIA CEO Jensen Huang, however, believes that AI agents will more likely resemble overly scrutinous managers rather than serve as a replacement for employees.

“Your [AI] agents are harassing you, micromanaging you, and you’re busier than ever,” Jensen said during a panel at the Stanford Graduate School of Business. 

“We’re doing things faster; we’re doing it at a larger scale; we’re thinking about doing things that we never imagined.”

John Ternus Named As Apple's New CEO, Succeeding Tim Cook

John Ternus has been named as the new Chief Executive of Apple, replacing Tim Cook.

John will take the helm of the technology giant on September 1, 2026, after being with the company for more than 25 years. He currently holds the position of Head of Hardware Engineering.

After 15 years as Apple’s CEO – starting the role in 2011 – Tim took the reins from Co-founder Steve Jobs, and will now be transitioning to the Executive Chairman role. 

Through this position, Tim will focus on “certain” aspects of the business while staying engaged with policymakers across the globe.

The pair will work “closely” together through the summer to ensure there is a smooth transition into the new roles.

Lululemon Appoints New CEO to Drive Global Sales Strategy

Lululemon has announced Heidi O’Neill as the company’s newest CEO, who will assume the role on 8 September.

Heidi, who has worked at Nike for more than 25 years across several leadership positions, will replace outgoing CEO Calvin McDonald, who stepped down amid pressures relating to Lululemon’s disappointing market performance.

Speaking on Heidi’s leadership qualities in a company statement, Marti Morfitt, Lululemon’s Executive Chair, says: “Heidi is an inspiring leader and proven, consumer-driven brand strategist, with a rare ability to both imagine a new future for a brand and to create the structure and processes to deliver on that vision.

 “We selected Heidi because of the breadth of her experience, her demonstrated success delivering breakthrough ideas and initiatives at scale, and her ability to be a knowledgeable change and growth agent.”

In her own statement, Heidi added that she plans to focus on strengthening the company’s core foundation and unlocking growth in global markets.

“I am humbled by the opportunity and energised by what the team is already building,” she says. “I look forward to joining the company and helping to define and deliver the organisation’s next chapter of success.”

How LinkedIn’s Newest CEO Plans to Revive Company Growth

Previous COO Daniel Shapero has been named as the newest CEO of LinkedIn, succeeding Ryan Roslansky, who has run the subsidiary since 2020.

Microsoft, LinkedIn’s parent company, announced Daniel’s promotion on 22 April, stating that Ryan would leave the CEO role but retain his position as Microsoft’s Executive Vice President.

The change will be effective immediately.

“Dan has led sales, marketing and product across the most important parts of this business,” Ryan says in a LinkedIn post discussing Daniel’s succession. 

“He knows our members, our customers and carries the mission in a way that’s genuinely rare.”

Daniel has been with LinkedIn since 2008, previously serving as the company’s Chief Business Officer and Chief Operating Officer. In his new role, he will report directly to Ryan and oversee the entire company and executive team.

Discussing his appointment in a LinkedIn post, Daniel says: “[Working at LinkedIn has] shaped me as a person for the better because of our people, our culture, our mission and vision, and the way we come together to take on meaningful challenges and create real impact. All of it.”