11 min listen
Do co-CEOs make sense?
FromEquity
ratings:
Length:
20 minutes
Released:
Jun 19, 2024
Format:
Podcast episode
Description
Last week, Brex announced that it would be ditching its co-CEO model, and that got Equity hosts Haje Kamps and Mary Ann Azevedo wondering about co-CEO teams and the effectiveness of the structure overall.Brex, founded in 2017 by Pedro Franceschi and Henrique Dubugras, initially thrived under the co-CEO structure, with Pedro focusing on internal operations and Enrique handling external relations. However, as the company grew, this setup began to slow decision-making, prompting a shift to a single CEO model. Pedro will now lead as the sole CEO, while Enrique transitions to Chairman of the Board.We discuss the broader implications and challenges of co-CEO leadership, highlighting how this change aims to enhance agility and appeal to investors as Brex eyes a potential public offering. We also explore other companies that have adopted or abandoned similar leadership models, providing a comprehensive analysis of the pros and cons of shared CEO responsibilities in the competitive tech landscape.Equity will be back with a full rundown of the week's startup and venture news on Friday, but if you want more from TechCrunch podcasts until then, Darrell and Becca spoke to both Brex CEOs on Found last year about why the duo chose to go down the co-CEO path in the first place.Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Monday, Wednesday and Friday. Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.You also can follow Equity on X and Threads, at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes over at Simplecast.
Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
Released:
Jun 19, 2024
Format:
Podcast episode
Titles in the series (100)
Equity Monday 09/28: This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. I subbed in for Alex this week, so send your love over to the show on Twitter here and fan mail to me right here. Also, don’t forget to check out last Friday’s episode. This week, we couldn't help but weigh into the latest TikTok drama, but we got into why it's worth following these budgets and moves (and a whole host of other fascinating news): by Equity