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The Verge

Kevin Mayer didn’t sign up for whatever happens to TikTok

Kevin Mayer is out as TikTok’s CEO less than four months after taking the job. While his resignation comes in the middle of ongoing political turmoil brought on by the Trump administration, his decision to leave likely has less to do with politics and more to do with his own autonomy as an acquisition looms. “I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for,” Mayer said in an email to staff, posted in full on Pandaily. “Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company.” Mayer became TikTok’s CEO on June 1st, tasked with helping the company navigate choppy political waters in the United States as pressure began mounting to investigate the app due to its Chinese ownership. At the same time, he was also named chief operating officer of ByteDance, TikTok’s owner, giving him the executive reins of a global company. The offer was strong enough to convince Mayer to leave his cushy position as head of Disney’s DTCI (direct to consumer and international) team, where he oversaw the launch of Disney Plus. It didn’t hurt that just three months earlier, Mayer was passed over for CEO after Bob Iger stepped down — a position many in the industry thought he was a frontrunner for. “He thought…Continue readingKevin Mayer didn’t sign up for whatever happens to TikTok

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VentureBeat

TikTok CEO Kevin Mayer quits after less than 3 months

(Reuters) – TikTok Chief Executive Officer Kevin Mayer has left the company, less than three months after he joined the hit short video app, and U.S. General Manager Vanessa Pappas will replace him on an interim basis, according to an internal memo seen by Reuters. The development comes days after TikTok sued the Trump administration over an executive order banning transactions in the United States with the popular short-form video-sharing app. Mayer was Walt Disney’s top streaming executive before he joined TikTok on June 1. He was also appointed as chief operating officer of TikTok’s Chinese parent, ByteDance at the time. “In recent weeks, as the political environment has sharply changed, I have done significant reflection on what the corporate structural changes will require, and what it means for the global role I signed up for,” Mayer said in the letter. “Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that I wanted to let you all know that I have decided to leave the company.” TikTok, in an emailed statement, confirmed the departure and said that the political dynamics of the last few months had “significantly changed” the scope of Mayer’s role. ByteDance’s founder and CEO Zhang Yiming said in a separate letter that the company was “moving quickly to find resolutions to the issues that we face globally, particularly in the U.S. and India.” He said Mayer had joined the firm just as it was “entering arguably our…Continue readingTikTok CEO Kevin Mayer quits after less than 3 months

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Engadget

TikTok CEO Kevin Mayer quits just three months after taking the job

When Kevin Mayer left Disney’s direct to consumer operations and took over as CEO of TikTok in May, he probably didn’t foresee the company becoming such a popular target of politicians, specifically the president. Now, just three months later, and in the middle of a government-forced sale-or-shut down process, the Financial Times reports Mayer told TikTok employees in a letter that he’s stepping down. In the interim, current TikTok general manager Vanessa Pappas will lead the company. In a statement, a TikTok spokesperson said to Engadget, “We appreciate that the political dynamics of the last few months have significantly changed what the scope of Kevin’s role would be going forward, and fully respect his decision. We thank him for his time at the company and wish him well.” Source linkContinue readingTikTok CEO Kevin Mayer quits just three months after taking the job