CEO resignation

PetMed Express (PETS) announced the resignation of CEO Sandra Campos and CFO Robyn D’Elia. Board Chair Leslie C.G. Campbell is now Interim CEO, and Douglas Krulik is Interim Principal Financial Officer. The departing executives will receive severance packages, including 13 months’ salary and vested stock units, and will provide consulting for three months. The company is seeking permanent CEO and CFO replacements. Justin Mennen is Lead Independent Director, and the Audit and Compensation committees have new chairs.

A viral video of Astronomer CEO Andy Byron and HR head Christine Cabot at a Coldplay concert led to Byron’s resignation. The video, showing a brief embrace, fueled speculation about their relationship, compounded by Byron’s marital status. Astronomer cited unmet standards of conduct in its statement. Coldplay responded by introducing camera-free zones at future concerts. Pete DeJoy will serve as interim CEO while the board searches for a permanent replacement.