Adobe just appointed Behance co-founder and Cheddar Board Member Scott Belsky as its new Chief Product Officer and Executive Vice President. The serial entrepreneur says he's following his passion as he takes his talents to Adobe Creative Cloud.
“I’m excited to jump into teams that I know very well, and I’m excited to work with them,” Belsky told Cheddar.
This is not Belsky’s first time on board with Adobe. Belsky previously joined the team in 2012 as Adobe’s Vice President of Products, after Adobe acquired Behance. Now, he joins the board to lead the Creative Cloud business on the product development side, overseeing the company’s Adobe Design team. His focus will be on innovation in Adobe’s key design, photography, and video segments.
As an investor, he advised and helped companies such as Pinterest and Uber hit the ground running. At Adobe, Belsky hopes to bring start-ups closer to the company. He noted that, these days, many start-ups are led by designers anyway.
“One of the things I hope to do is really to bring us even closer to the customer,” he said. “In this case, the customers that are actually starting companies and transforming industries.”
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Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
