© Reuters. David Calhoun is congratulated after his company’s IPO opened on the floor of the New York Stock Exchange By Allison Lampert, Kenneth Li and Tim Hepher (Reuters) – Beleaguered Boeing Co (N:) is putting its future in the hands of a turnaround veteran who has led several companiesRead More →
© Reuters. FILE PHOTO: Boeing CEO Muilenburg testifies before Senate Commerce, Science and Transportation hearing on grounded 737 MAX on Capitol Hill in Washington By Ankit Ajmera and Tim Hepher (Reuters) – Boeing Co (N:) has fired its Chief Executive Dennis Muilenburg, seeking to restore confidence after two fatal crashesRead More →
MILAN (Reuters) – The former chief financial officer of Telecom Italia (MI:) and a former executive at bank UniCredit are the top candidates to become chief executive of troubled bank Carige (MI:), two sources close to the matter said on Wednesday. Carige is in the process of being rescued byRead More →
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 →
2/2 © Reuters. FILE PHOTO: SEAT President and CEO Luca de Meo poses during an interview at the SEAT car factory in Martorell 2/2 MADRID (Reuters) – French carmaker Renault (PA:) has offered the chairman of Volkswagen’s (DE:) SEAT brand, Luca de Meo, the job of chief executive, Spanish newspaperRead More →
© Reuters. U.S. SEC charges Shopin blockchain startup CEO with coin offering fraud By Jonathan Stempel NEW YORK (Reuters) – The chief executive of Shopin was charged on Wednesday by the U.S. Securities and Exchange Commission with defrauding investors in a $42.5 million initial coin offering by falsely telling themRead More →
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 →
Delta Air Lines Inc., Chief Executive Officer Ed Bastian says he’d like to offer Wi-Fi free on his airline’s flights but right now it would crash the system. Speaking during an interview in September at the Economic Club of Washington, which aired on Bloomberg on Thursday, the 62-year-old Bastian toldRead More →
By Nichola Saminather TORONTO (Reuters) – TMX Group (TO:) is looking into allegations about the past conduct of its chief executive officer, Lou Eccleston, the operator of the Toronto Stock Exchange said in a statement. Eccleston had informed TMX’s board that “he supports this course of action”, the statement said.Read More →
© 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 →
FRANKFURT (Reuters) – Commerzbank’s (DE:) chief executive officer on Friday criticized the U.S. administration’s approach to unilateral deals and called for Germany and Europe to “stick to our principles”. Speaking to prominent bankers at an annual conference in Frankfurt, Martin Zielke said that the U.S. and its president wanted toRead More →
© Reuters. FILE PHOTO: General Motors Chief Executive Officer Mary Barra announces a major investment focused on the development of GM future technologies at the GM Orion Assembly Plant in Lake Orion, DETROIT (Reuters) – General Motors Co’s (N:) first electric pickup truck model will go on sale in theRead More →
FRANKFURT (Reuters) – Renault (PA:) will soon have a shortlist of candidates for chief executive officer but there is no rush, the French carmaker’s chairman told a German newspaper. “If we select a person by the end of the year, all the better. If not, it’s not a bad thing,”Read More →
PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Sunday that the search for a new CEO for Renault (PA:) was still on and that he favored selecting a professional from the automobile sector. “I can confirm the next CEO has not yet been chosen. The only indicationRead More →
© Reuters. A Wells Fargo logo is seen in New York City By Bharath ManjeshR and Imani Moise (Reuters) – Wells Fargo & Co (N:) said on Thursday general counsel Allen Parker, who briefly served as interim chief executive of the scandal-hit U.S bank, will step down next year. TheRead More →
Cisco Systems Inc. issued a disappointing forecast for a second consecutive quarter Wednesday, sending shares down and increasing fears of a slowdown in global tech spending. Cisco CSCO, +0.19% projected that revenue would fall 3% to 5% year-over-year in its fiscal second quarter, and guided for a slight profit increaseRead More →
© 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 →
Dara Khosrowshahi, chief executive of Uber Technologies Inc., was forced to quickly backtrack after calling the murder of Saudi journalist Jamal Khashoggi a “mistake,” comparing it to a fatal crash by one of his company’s self-driving cars. In an interview that aired Sunday on “Axios on HBO,” Khosrowshahi said thatRead More →
(Reuters) – Bernard J. Tyson, chairman and chief executive officer of not-for-profit health insurer Kaiser Permanente, died unexpectedly in his sleep on Sunday, aged 60, the company said in a statement. Tyson, who held the top job since 2013, was Oakland, California-based Kaiser Permanente’s first black chief executive and aRead More →
FRANKFURT (Reuters) – Siemens (DE:) Chief Executive Joe Kaeser on Friday lamented Germans who fail to recognize true visionaries and instead admire pot smokers who talk about space travel, only days after his deputy praised Tesla CEO Elon Musk. “Amusing opinions in our country: When a German chief executive proactivelyRead More →
Gap Inc. shares fell more than 10% in the extended session Thursday after the retailer said President and Chief Executive Officer Art Peck will be stepping down and cut it outlook for the third quarter and for the year. Peck will “depart from the company after a brief transition,” GapRead More →
Shares of Chesapeake Energy Corp. bounced briefly Thursday after the oil and natural gas company’s top executives bought a total of 125,000 shares on the dip below $1 a share. The stock CHK, +0.34% edged up afternoon trading, a day after tumbling to close at the lowest level since MarchRead More →
TOKYO (Reuters) – SoftBank Corp CEO Ken Miyauchi said on Tuesday WeWork’s Japanese business can become profitable “in the near future”. WeWork Japan, a joint venture between the office-space sharing startup, telco SoftBank Corp and its parent SoftBank Group Corp (T:), is growing well with high occupancy rates, executives saidRead More →
(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 →
© Reuters. FILE PHOTO: WeWork offices in San Francisco By Brendan Pierson NEW YORK (Reuters) – The former chief of staff to ousted WeWork CEO Adam Neumann has accused him and the company of discrimination, saying she feared for the health of her unborn baby because of Neumann’s penchant forRead More →
