Distinguished Digest

July 7 · Issue #6

Your go-to place to discover what your peers are talking about, executive moves, and executive search insights.

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Hello newsletter fans, if you’re here in the US I hope you enjoyed the holiday weekend!

 

As we approach more firsts, this question keeps coming to mind: Are we picking up where we left off, or have things permanently changed?

 

On one hand I feel that life has simply restarted where it was. Guess who got married in 2019 and forgot they were planning to change their name on their TSA Precheck? Yup. Some little things thawed from the ice and here we are, holding the same to-do list.

 

But we have to assume many things will never be the same. I'm 100% certain that if DS launched as I had planned I wouldn't be where I am right now.

 

I’m optimistic the changes we keep will be for the better, and there is no one size fits all.

 

Have a great week everyone.

 

Somer

 

Last note: This platform is by you, for you, curated by us. Send us your posts, articles, open roles or exec moves. If we include it in the newsletter we’ll give you a shoutout.

Hot Topic:
Back to Office Strategies

This week we are exploring the various ways companies are beginning to establish rules around returning to office life post pandemic. We have found that it’s not a one size fits all approach, some are taking a more permanent flexible approach while others want full time in office staff moving forward. Here is a breakdown of what we’re seeing.

 

Apple:

Isn’t backing down from its hybrid work model. Most employees will return to the office 3 days a week starting in September 2021.

 

Bank of America:

Starting after Labor Day, all vaccinated employees will return to the office. They are not requiring vaccination or mandating employees report their vaccination status.

 

Capital One:
Declares the future as a hybrid work company. They are also implementing a 3 day in office work week while also still giving people the option to remain fully remote if needed.

 

CitiBank:
Is offering flexibility to their employees worldwide with a hybrid work environment. They would like employees in the office at least 3 days a week and giving up to 2 days a week working remote.

 

Facebook:
Announced employees can apply for a remote work set up if their roles allow it but are encouraging employees to be in the office at least half the time.

 

Ford Motors:
Is offering the option to continue working remote indefinitely if approved. They will offer a flexible hybrid work model starting in July.

 

Goldman Sachs:
Is focused on getting employees back in the office as quickly and as safely as possible. They are mandating that employees report their vaccination status but it won’t be mandatory for them to have it.

 

Google:
“The future of work is flexibility” CEO Sundar Pichai wrote in a memo to employees. Options include going back to the office, working out of a different Google office or apply for full-time remote work.

 

JP Morgan:
In May, all US offices opened at 50% capacity. They have announced that starting in July all US employees will be back in the office on a consistent basis but still remaining at 50% capacity.

 

Microsoft:
Flexible work is here to stay. They are allowing employees a hybrid work environment for the foreseeable future.

 

Morgan Stanley:
Is taking a more strict approach and expecting all employees in the NY office to return after Labor Day. Being vaccinated isn’t required but they are expecting the majority of employees to be vaccinated.

 

RedVentures:
Is offering voluntary in office attendance but most remain remote. They don’t plan to implement any large scale return until 2022.

 

Twitter:
Will open its San Francisco and New York offices starting at 50% capacity for those who are vaccinated but ultimately it will be up to the employees as to whether they work remotely indefinitely or choose to split their time.

 

Uber:
Plans to switch to a hybrid model in September. Expecting employees to be in office 3 days a week but will have the option to remain fully remote if needed.

Who's moving

Executive moves in the news

Credit Suisse
Joanna Hannaford as Chief Technology & Operations Officer

 

Campus.app
Hires Brian Alexander as Chief Product Officer

 

LoanDepot
Hires George Brady as Chief Digital Officer

 

NewBlue Inc
Hires Karen Gauthier as Chief Product Officer

 

Republic Bank & Trust Co.
Hires Jeff Starke as EVP, CIO

Rockwell Automation
Hires Cyril Perducat as CTO

 

Shift5
Hires Matt Mackinnon as Chief Product Officer
Hires Egon Rinderer as CTO

 

Zurich Insurance Group
Hires Frank Verkerk as Chief Platform Officer

 

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