Having an independent board chairperson is always a good move. Given Sonder's current status, one wonders what took the board so long to make a change.
David Stephenson is slated to become Airbnb chief business officer January 1, but he will also be CFO through the end of February. His last earnings call as CFO would be in mid-February.
The reshuffle of Airbnb's executive ranks should be viewed in the context of the need to reinvigorate the company's growth prospects, including international expansion.
Some might argue that Vacasa is getting a substantial injection of Expedia DNA. The new CEO, chief commercial officer and principal operating officer all have Expedia ties.
Having your top executives jailed is one thing. But as that issue recedes, Lastminute.com needs to deal with its under-performance issues and execute on strategy shifts.