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Equinor appoints new CEO to speed up renewable investments

OSLO (Reuters) – Equinor (EQNR.OL) on Monday announced the appointment of Anders Opedal as chief executive effective from Nov. 2 as the Norwegian oil and gas group looks to speed up a move into renewable energy. The new CEO, who had been executive vice preside... More »

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Walgreens CEO to step down

(Reuters) – Walgreens Boots Alliance Inc (WBA.O) said on Monday Chief Executive Officer Stefano Pessina has decided to step down from the position and will assume the role of executive chairman once a replacement is appointed. Pessina, 79, was appointed as the... More »

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Lloyds Bank CEO António Horta-Osório to leave next year

(Reuters) – Lloyds Banking Group (LLOY.L) Chief Executive António Horta-Osório said on Monday he would step down next year after nearly a decade at the helm of Britain’s biggest domestic bank. While his departure had been expected, it leaves Lloyds with the ta... More »

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UK insurer Aviva CEO Tulloch steps down, Blanc appointed

LONDON (Reuters) – Aviva (AV.L) CEO Maurice Tulloch is stepping down with immediate effect for family health reasons, the UK insurer said on Monday, naming independent director and former Zurich Insurance executive Amanda Blanc as his replacement. It’s the sec... More »

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Siemens CEO rules out job cuts from coronavirus impact

ZURICH (Reuters) – Siemens will not cut its workforce because of the economic downturn triggered by the new coronavirus, Chief Executive Joe Kaeser said, although short-time working measures could be extended in Germany. “No one at Siemens will leave because o... More »

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Ford CEO Hackett’s salary fell to $17.4 million in 2019

(Reuters) – Ford Motor Co (F.N) said on Friday Chief Executive Officer Jim Hackett’s total compensation fell to $17.4 million in 2019 from $17.8 million in 2018. The ratio of Hackett’s annual compensation to the median of the annual compensation of all employe... More »

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Ted Baker names finance chief Rachel Osborne as CEO

(Reuters) – Troubled fashion retailer Ted Baker (TED.L) on Monday named Chief Financial Officer Rachel Osborne to the permanent role of chief executive officer, replacing Lindsay Page who stepped down last year. The British company said the search for a chairm... More »

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Nokia appoints Fortum CEO Lundmark to replace Suri from September

HELSINKI (Reuters) – Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on Monday. Suri has been in the role for si... More »

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Italy’s UniCredit says Mustier to stay on as CEO

MILAN (Reuters) – Italy’s biggest bank UniCredit (CRDI.MI) said on Monday Chief Executive Jean Pierre Mustier had confirmed he would remain in his role, following media reports that he was being considered for the top job at rival HSBC (HSBA.L). UniCredit rece... More »

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Imperial Brands appoints Stefan Bomhard CEO

(Reuters) – Cigarette maker Imperial Brands Plc (IMB.L) on Monday appointed Stefan Bomhard as its chief executive officer, replacing Alison Cooper, as the industry faces a regulatory backlash against e-cigarettes and declining tobacco sales. Bomhard will join ... More »

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WeWork names real estate industry veteran Mathrani as CEO

(Reuters) – Softbank (9984.T)-backed office sharing firm WeWork named real estate industry veteran Sandeep Mathrani as its new chief executive on Saturday. Mathrani will join the company as the CEO from Feb. 18, 2020 and will report to Marcelo Claure, who will... More »

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Walmart India says eight senior staff among 56 executives fired

NEW DELHI (Reuters) – Walmart Inc (WMT.N), the world’s largest retailer, has fired 56 of its India executives including eight from senior management, Krish Iyer, President and CEO of its India unit, said on Monday. In a statement emailed to Reuters, Iyer said ... More »

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ABN Amro names PwC’s former Dutch chairman as new CEO

AMSTERDAM (Reuters) – ABN Amro (ABNd.AS) said on Thursday that Robert Swaak, a former chairman of accounting firm PwC in the Netherlands, is to succeed Kees van Dijkhuizen as the Dutch bank’s chief executive. Swaak will take over from Van Dijkhuizen at the com... More »

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Tullow Oil CEO steps down- scraps dividends on Ghana problems

(Reuters) – Tullow Oil Plc (TLW.L) on Monday said its Chief Executive Officer Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its main producing assets in Ghana. The company has been facing p... More »

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New Nissan CEO pledges better performance, cooperation with Renault

YOKOHAMA (Reuters) – Nissan Motor Co (7201.T) chief executive Makoto Uchida said on Monday that he would work to improve the automaker’s financial performance and co-operate closely with alliance partner Renault SA (RENA.PA), while maintaining Nissan’s indepen... More »

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UBS Chief Ermotti wants to stay until 2021: report

ZURICH (Reuters) – UBS’s (UBSG.S) Sergio Ermotti wants to remain as chief executive of Switzerland’s biggest bank until 2021, Swiss website Finews reported on Monday, citing unnamed sources. There has been speculation about the 59-year-old’s departure date aft... More »

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McDonald’s ousts CEO over consensual relationship with employee

(Reuters) – McDonald’s Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the fast-food giant said on Sunday. The board found that Easterbrook, 52, who ha... More »

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Thomson Reuters says engaged in CEO succession planning

NEW YORK (Reuters) – Thomson Reuters Corp (TRI.TO) is engaged in succession planning for Chief Executive Jim Smith as “a matter of good governance,” the business information company said on Sunday. The company statement BX.N) consortium last year. Earlier this... More »

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Swiss Bank Julius Baer appoints insider Rickenbacher as CEO

ZURICH (Reuters) – Julius Baer (BAER.S) has appointed Philipp Rickenbacher as its new chief executive officer, the Swiss private bank said on Monday, opting for a company insider to drive the wealth manager’s future growth. His appointment is the latest leader... More »

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Gold miners must focus on returns, mergers to attract investment:…

LONDON (Reuters) – Gold miners must focus on maximizing returns and more mergers to attract investors seeking to diversify after years of under-investing in mines, Barrick Gold’s chief executive said on Wednesday. “The industry is in decline and we have put ou... More »

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Fingerprints and finances: next Wells Fargo CEO will be under…

WASHINGTON (Reuters) – From submitting their fingerprints to giving up their tax records, Wells Fargo & Co’s next chief executive will go through a vetting process that could rival that of top U.S. government officials. Comptroller of the Currency Joseph Ottin... More »

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Ethiopian Airlines CEO promises to get to bottom of flight 302 crash

ADDIS ABABA (Reuters) – Ethiopian Airlines CEO Tewolde Gebremariam said on Monday the airline would work with investigators in Ethiopia, the United States and elsewhere “to figure out what went wrong with flight 302”. We will “work with Boeing and our colleagu... More »

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Oil major Total CEO’s compensation drops 17 percent in 2018:…

PARIS (Reuters) – The board of French oil and gas major Total has proposed total 2018 compensation for Chief Executive Patrick Pouyanne of 3.1 million euros ($3.55 million), compared with 3.8 million in 2017, company documents showed on Wednesday. The total pa... More »

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Ted Baker founder and CEO Kelvin quits after misconduct allegations

(Reuters) – Ray Kelvin, founder and chief executive of British fashion retailer Ted Baker Plc, resigned on Monday following misconduct allegations related to his hugging of business colleagues. Ted Baker had announced an independent investigation into miscondu... More »

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India’s Flipkart unit Myntra and Jabong CEO steps down

(Reuters) – The chief executive officer of Myntra and Jabong, a unit of Walmart-owned Flipkart, Ananth Narayanan has left the company to pursue external opportunities, Myntra said on Monday. Narayanan is in talks to replace Ajith Mohan as the chief executive o... More »

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Investment bank Perella Weinberg plans to name Peter Weinberg as…

(Reuters) – Investment bank Perella Weinberg Partners plans to name Peter Weinberg as its chief executive officer with current CEO Robert Steel set to become the company’s chairman, a person familiar with the matter told Reuters on Thursday. Weinberg founded t... More »

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JD.com CEO will not face assault charges in Minnesota

(Reuters) – Minnesota prosecutors will not charge the billionaire chief executive officer of China’s JD.com Inc, Richard Liu, after he was accused of rape by a University of Minnesota student during a recent U.S. visit, authorities said on Friday. Hennepin Cou... More »

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Gilead Sciences snares Roche veteran O’Day as CEO

(Reuters) – Drugmaker Gilead Sciences Inc on Monday named Roche Holding AG’s Daniel O’Day as its new chief executive, tapping an industry veteran to fill a management vacuum. O’Day, now head of Roche’s pharmaceuticals business, joined the company in 1987 and h... More »

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Fiat Chrysler loses another executive after Marchionne illness

MILAN (Reuters) – Fiat Chrysler’s (FCHA.MI) European boss has quit, adding to the problems facing new CEO Mike Manley who must deliver on promises to boost production of SUVs and catch up with rivals in electric cars. Jeep division head Manley was named on Sat... More »

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Palo Alto names former SoftBank exec Nikesh Arora CEO

(Reuters) – Cybersecurity firm Palo Alto Networks Inc said on Friday it named former SoftBank Group Corp president Nikesh Arora as chief executive officer and chairman. Arora, 50, succeeds Mark McLaughlin, who has led the company for nearly seven years and has... More »

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Exclusive: BP back on its feet but CEO senses no respite

LONDON (Reuters) – After the near collapse of his company following the 2010 Gulf of Mexico disaster and a three-year slump in oil prices, BP Chief Executive Officer Bob Dudley is hardly relaxed. “It doesn’t feel like we are in a serene time for any energy com... More »

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WPP embarks on new journey without Sorrell at the helm

LONDON (Reuters) – WPP (WPP.L), the world’s biggest advertising company, entered uncharted territory on Monday without its founder Martin Sorrell whose departure has left it rudderless at a time of swirling industry change. Shares in the group fell 4 percent a... More »

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Goldman’s Schwimmer to steer London Stock Exchange through Brexit

LONDON (Reuters) – The London Stock Exchange (LSE.L) named Goldman Sachs’ veteran David Schwimmer as chief executive officer on Friday, with an initial challenge of helping the 300-year-old institution to navigate Brexit. Analysts expressed relief that the LSE... More »

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Goldman CEO’s deputy can’t stop, won’t stop spinning records

NEW YORK (Reuters) – David Solomon, soon to be the sole No. 2 to Goldman Sachs Group Inc’s Chief Executive Officer Lloyd Blankfein, still finds time to pursue a beloved hobby: spinning records at big-city nightclubs under the handle DJ D-Sol. On Saturday night... More »

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India’s ICICI Bank shares tumble on probe reports, RBI fine

BENGALURU (Reuters) – Shares of ICICI Bank, India’s third-largest lender, plunged 7 percent to a five-month low on Monday after media reported its lending practices were the subject of a police investigation. ICICI Bank’s shares were down 6.3 percent at 260.75... More »

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Sony CEO Hirai to step down, turnaround ally Yoshida to take helm

FILE PHOTO: Sony Corp’s Chief Financial Officer Kenichiro Yoshida attends a news conference at its headquarters in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s Sony Corp said CEO Kazuo Hirai would be handing over the reins t... More »

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Apotex CEO Jeremy Desai resigns

(Reuters) – Canadian generic drug maker Apotex Inc’s Chief Executive Jeremy Desai has resigned, effective immediately, the company said on Friday. Desai resigned to pursue other opportunities, Apotex said in an emailed statement without elaborating. Company ve... More »

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BlackRock CEO Fink shows no signs of entering bitcoin ETF race

FILE PHOTO – Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson/File Photo NEW YORK (Reuters) – BlackRock Inc (BLK.N) has profited by being beating its... More »

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Domino’s turnaround CEO to step down in June

The sign of a Domino’s Pizza restaurant is seen in Paris, France, October 27, 2016. REUTERS/Charles Platiau (Reuters) – Domino’s Pizza Inc (DPZ.N) said on Tuesday its chief executive, Patrick Doyle, will leave the biggest U.S. pizza delivery chain in June and ... More »

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CSX CEO Hunter Harrison takes medical leave amid rail overhaul

FILE PHOTO – Hunter Harrison speaks to the economic community at a business luncheon in Toronto, March 2, 2015. REUTERS/Mark Blinch (Reuters) – CSX Corp (CSX.O) said on Thursday its Chief Executive Officer Hunter Harrison was taking medical leave, an announcem... More »

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Samsung Heavy names new CEO after forecasting losses

SEOUL (Reuters) – South Korea’s Samsung Heavy Industries (010140.KS) named Joonou Nam as its new chief executive officer on Monday after Park Dae-young resigned to take responsibility for the firm’s losses. The shipbuilder’s shares plunged last week as it fore... More »

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Growth, healing: New CEO faces twin tests at India’s Infosys

FILE PHOTO: A Infosys employee stands at the front desk of its headquarters in Bengaluru, India, April 15, 2016. REUTERS/Abhishek N. Chinnappa/File photo MUMBAI (Reuters) – After well over a decade with Capgemini, Salil Parekh is returning home to head unsettl... More »

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Unilever drafts in search firm to look for new CEO: Sky News

FILE PHOTO: The company logo for Unilever is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 17, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) – Consumer goods maker Unilever NV (UNc.AS) (ULVR.L) has b... More »

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LSE to hold vote on investor`s call to oust chairman

London Stock Exchange Group (LSE.L) will fix a date within three weeks for a shareholder vote on the removal of Chairman Donald Brydon and retention of CEO Xavier Rolet at the behest of activist investor TCI Fund Management, it said on Friday. More »

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Dollar Tree names Gary Philbin as new CEO

U.S. discount retailer Dollar Tree Inc (DLTR.O) said on Monday Bob Sasser will be replaced as chief executive by Gary Philbin, the company's enterprise president, effective immediately. More »

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Uber officially welcomes as CEO Expedia`s Dara Khosrowshahi

Uber Technologies Inc [UBER.UL] officially welcomed its new Chief Executive Dara Khosrowshahi, who has led online travel business Expedia Inc for 12 years, in a note sent to employees of the world's biggest ride-services company late on Tuesday. More »

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Uber picks Expedia`s Dara Khosrowshahi as new CEO: sources

Uber Technologies Inc [UBER.UL] chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive on Sunday, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company ... More »

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Uber board votes to pick a new CEO

The Uber Technologies Inc [UBER.UL] board of directors said on Sunday it had voted on its pick for a new chief executive officer, but declined to disclose its choice publicly until informing employees. More »

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BNY Mellon names ex-head of Visa as CEO

FILE PHOTO – Visa CEO Charles Scharf (2nd R) and company executives ring the opening bell at the New York Stock Exchange, March 19, 2013. Bank of New York Mellon Corp (BK.N) named Visa Inc’s (V.N) former chief executive Charles Scharf as its CEO, effective imm... More »

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Cenovus to replace CEO, plans asset sales after unpopular deal

FILE PHOTO: President and CEO Brian Ferguson of Cenovus Energy addresses shareholders during the company’s annual general meeting in Calgary, Alberta, April 29, 2015. REUTERS/Todd Korol Cenovus Energy Inc said on Tuesday it would replace Chief Executive Brian ... More »

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Uber board to discuss CEO absence, policy changes: source

FILE PHOTO: A fleet of Uber’s Ford Fusion self driving cars are shown during a demonstration of self-driving automotive technology in Pittsburgh, Pennsylvania, U.S. on September 13, 2016. REUTERS/Aaron Josefczyk/File Photo Uber Technologies Inc’s [UBER.UL] boa... More »

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Aetna CEO urges debate on what `single-payer` healthcare would be

Mark Bertolini, Chairman and CEO of Aetna, participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco, California November 3, 2015. REUTERS/Elijah Nouvelage/File Photo Aetna Inc Chief Executive Officer Mark Bertolini wants a debate ab... More »

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AIG plans to name Brian Duperreault as new CEO: WSJ

People exit the AIG building in New York’s financial district March 19, 2015. REUTERS/Brendan McDermid American International Group (AIG.N) is planning to name Brian Duperreault as its new chief executive, the Wall Street Journal reported, citing sources. More »

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Pie in the sky as Australia`s Qantas boss gets just dessert

A man is detained by security after throwing a pie at Qantas CEO Alan Joyce during a speech at a business breakfast at a hotel in Perth, Western Australia, May 9, 2017. AAP/Gregory Roberts/via REUTERS Qantas Airways Ltd Chief Executive Alan Joyce proved he was... More »

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Elliott releases private letters after Arconic CEO`s departure

FILE PHOTO: Klaus Kleinfeld, Chief Executive Officer of Arconic, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson Activist hedge fund Elliott Management released the private letter written by Arconic... More »

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BlackRock cuts CEO Larry Fink`s pay `modestly` in 2016: filing

Larry Fink, Chief Executive Officer of BlackRock, takes part in the Yahoo Finance All Markets Summit in New York, U.S., February 8, 2017. REUTERS/Lucas Jackson BlackRock Inc (BLK.N), the world’s largest asset manager, cut total compensation for Chairman and Ch... More »

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Wells Fargo CEO receives pay bump despite sales scandal

A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Wells Fargo & Co’s board of directors awarded Chief Executive Timothy Sloan $12.8 million for his work last year, a 17 percent increase, despite scrapping executive bon... More »

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DBS CEO sees wealth management business as key growth driver

DBS CEO Piyush Gupta speaks during a Reuters Newsmaker event in Singapore March 2, 2017. REUTERS/Edgar Su Singapore lender DBS Group is expanding its wealth management business and expects the segment will account for as much as a fifth of its revenues in a fe... More »

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Uber CEO says he must `grow up` after argument with driver

Uber CEO Travis Kalanick gestures as he delivers an address to employees and drivers marking the company’s five year anniversary in San Francisco, California June 3, 2015. REUTERS/Robert Galbraith Uber Technologies Inc Chief Executive Travis Kalanick on Tuesda... More »

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Paramount CEO Brad Grey to step down

Chairman and CEO of Paramount Pictures Brad Grey attends the premiere of ”FENCES” in Manhattan, New York City, U.S., December 19, 2016. REUTERS/Andrew Kelly Brad Grey will step down as the chairman and chief executive officer of Viacom Inc’s Paramount Pictures... More »

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Citigroup cuts CEO Corbat`s pay after missing financial targets

FILE PHOTO – Michael L. Corbat, president of the Citigroup, arrives at the Planalto Palace before a meeting with Brazil’s President Dilma Rousseff in Brasilia April 9, 2013. REUTERS/Ueslei Marcelino Citigroup Inc’s (C.N) board of directors cut Chief Executive ... More »

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Bank of America CEO Moynihan gets biggest payday yet

Brian Moynihan, Chairman of the Board and CEO of Bank of America Corporation attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 20, 2017. REUTERS/Ruben Sprich Bank of America Corp’s (BAC.N) board awarded Chief Executive Officer... More »

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BlackRock CEO Fink sees `dark shadows` in financial markets

BlackRock Inc Chief Executive Officer Larry Fink is pictured at a business roundtable meeting of company leaders and U.S. Republican Presidential candidate Mitt Romney in Washington in this June 13, 2012 file photo. REUTERS/Jason Reed/Files BlackRock Chief Exe... More »

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New GlaxoSmithKline CEO prepares for R&D choices, potential deals

Emma Walmsley of GlaxoSmithKline poses in this undated photograph released in London on September 20, 2016. Courtesy of GlaxoSmithKline/Handout via REUTERS Emma Walmsley, GlaxoSmithKline’s (GSK.L) incoming CEO, will take over Britain’s biggest drugmaker at a c... More »

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Telefonica Deutschland appoints new CEO

Telefonica Deutschland said on Sunday its supervisory board has appointed Markus Haas to lead the company from 2017, replacing chief executive Thorsten Dirks who announced in November he was leaving the telecoms firm. More »

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Endo International CEO steps down, Campanelli named successor

Endo International Plc (ENDP.O) said Chief Executive Rajiv De Silva had stepped down and would be replaced by generics division head Paul Campanelli, as the drugmaker grapples with a large debt load and mounting pressure on some of its drug prices. More »

Time Inc names Rich Battista as CEO

Time Inc. CEO Joe Ripp (2nd L) claps after ringing the bell to open trading at the New York Stock Exchange in New York June 9, 2014. REUTERS/Carlo Allegri Time Inc, publisher of Sports Illustrated, People and Time magazines, appointed Rich Battista as its chie... More »

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s2.reutersmedia.net/resources/r/?m=02&d=20160913&t=2&i=1153374553&w=&fh=545px&fw=&ll=&pl=&sq=&r=LYNXNPEC8C0TGs2.reutersmedia.net/resources/r/?m=02&d=20160913&t=2&i=1153374553&w=&fh=545px&fw=&ll=&pl=&sq=&r=LYNXNPEC8C0TGTime Inc names Rich Battista as CEO

Time Inc. CEO Joe Ripp (2nd L) claps after ringing the bell to open trading at the New York Stock Exchange in New York June 9, 2014. REUTERS/Carlo Allegri Time Inc, publisher of Sports Illustrated, People and Time magazines, appointed Rich Battista as its chie... More »