Barbara Peng is stepping down as CEO of Business Insider by the end of June, Reuters reports. Peng says she is leaving to pursue new opportunities created by technological
change. She will be replaced on an interim basis by Christian Baesler, who is a senior advisor to German publisher Axel Springer, the owner. This follows the layoff of under 5% of Business
Insider’s global newsroom staff. “We’re at a moment where there’s massive change driven by technology, which also means massive opportunity,” Peng said.