Kenya Airways names new acting CEO from Jan. 1 By Reuters


By Omar Mohammed NAIROBI (Reuters) – Kenya Airways (NR:) named the head of its low-cost subsidiary as its new acting chief executive officer on Monday after its current boss announced his resignation in May amid the loss-making carrier’s renationalization process. The new acting CEO Allan Kilavuka has been CEO ofRead More →

Tullow Oil cuts guidance for oil production and CEO resigns


Tullow Oil PLC said Monday that it has cut its production forecast for the near term after 2019 output fell significantly below expectations and Chief Executive Paul McDade has resigned with immediate effect. The energy company TLW, -58.67%  said that despite a solid financial performance, it expects net production inRead More →

Westpac CEO folds as money-laundering scandal weighs By Reuters


© Reuters. Australia’s Westpac Banking Corp’s CEO Brian Hartzer speaks during a media conference in Sydney, Australia By Niyati Shetty (Reuters) – Westpac Banking Corp (AX:) said on Tuesday Chief Executive Brian Hartzer will step down and Chairman Lindsay Maxsted will bring forward his retirement, as the country’s biggest money-launderingRead More →

WeWork begins search for a new CEO: sources By Reuters


© Reuters. FILE PHOTO: The WeWork logo is displayed outside of a co-working space in New York By Sheila Dang and Greg Roumeliotis (Reuters) – WeWork has started a search for a new chief executive following the departure of co-founder Adam Neumann, people familiar with the matter said on Monday,Read More →

McDonald’s says CEO Easterbrook leaves the company By Reuters


(Reuters) – McDonald’s Corp (N:) said on Sunday that Chief Executive Steve Easterbrook was leaving the company, effective immediately, after a recent consensual relationship with an employee. The company said in a statement the board had determined that Easterbrook “violated company policy and demonstrated poor judgment involving a recent consensualRead More →