The biggest CEO resignations of 2015 so far

(4) Noel Biderman – Ashley Madison

Personal information about millions of customers on dating site Ashley Madison, including e-mails, member profiles, credit card transactions, showed up online in August. A group known as Impact Team took credit for the hack.

The information was initially only accessible on the dark web, where users use anonymous browsing tools. But soon after the hack, databases showed up on the broader web, allowing people to search through parts of the data – and in the process uncovered some rather high-profile clients.

In addition to a $576m (£376.96m) class action lawsuit already filed in Canada against Ashley Madison and its owner, Avid Life Media, the companies are now also being sued in a US federal court by a man seeking class action status for victims of the breach. The lawsuit accuses Ashley Madison of negligence, invasion of privacy and causing emotional distress.

In the wake of the hack, Biderman announced his resignation.

“This change is in the best interest of the company and allows us to continue to provide support to our members and dedicated employees,” he said. “We are steadfast in our commitment to our customer base. We are actively adjusting to the attack on our business and members’ privacy by criminals. We will continue to provide access to our unique platforms for our worldwide members.”

(5) Anshu Jain and Jürgen Fitschen – Deutsche Bank

Since taking over from previous CEO Josef Ackermann, Jain and Fitschen had allegedly bounced from one crisis to the next, with many of the problems emanating from the investment-banking unit Jain ran.

The bank repeatedly fell short of its own profit forecasts. The executives said the bank had plenty of capital, only to go to shareholders for more funds, first in 2013 and then again in 2014. In April, the bank was forced to pay about $2.5bn (£1.64bn) and to plead guilty to resolve accusations that its traders tried to rig benchmark interest rates.

Adding to the pressure was that co-CEO Fitschen was on trial in connection with the collapse of the Kirch media empire in 2002, whereby he was accused of giving false testimony.

Jain soon resigned, with co-CEO Fitschen following suit. It was said that Jain’s decision was driven largely by criticism over the bank’s decision to cut jobs and close many branches, one person said. He also felt his inability to speak fluent German was a barrier to engaging shareholders at the bank’s annual meeting.

Deutsche Bank chairman Paul Achleitner claimed that Jain and Fitschen’s “decision to step down early demonstrated impressively their attitude of putting the bank’s interests ahead of their own.”

(6) Val Keating – Barclaycard

In a statement issued by Barclays in May, the company suggested that CEO Val Keating quit her post in order to pursue a “new professional challenge” after five years of service.

The bank did not give a date for her departure or say where she might be headed. She planned to stay with the lender for a period to help with the transition.

Under Keating, the business has tried to be in the vanguard of technology-led innovation, although initiatives such as its bPay payments wristband are being overhauled after trials met with mixed results.

Her tenure has been a clear financial success, however, with profits from Barclaycard soaring since 2009.

“I feel the time is right to find a new professional challenge,” Keating said in a press release. “I could not be more proud for having led this business during this important chapter in its history and look forward to seeing what Barclaycard will achieve during this next chapter.”

Barclaycard is to lose CEO Val Soranno Keating, who has quit her post in order to pursue a “new prof

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