All articles tagged with #ceo change
Originally Published 9 days ago — by The Guardian
Saks Global's CEO, Marc Metrick, has stepped down amid reports that the luxury retailer is preparing for bankruptcy, following challenges in the luxury department store sector and a failed merger with Neiman Marcus, with Richard Baker appointed as the new CEO.
Originally Published 9 days ago — by Reuters
Saks Global's CEO Marc Metrick has resigned amid reports of impending bankruptcy, with Richard Baker appointed as his successor, as the luxury retailer faces financial struggles following a merger with Neiman Marcus and shifting consumer preferences in the luxury market.
Originally Published 9 days ago — by CNBC
Saks Global, the parent company of Saks Fifth Avenue, is preparing to file for bankruptcy amid financial struggles following a missed debt payment related to its acquisition of Neiman Marcus. The company has appointed Richard Baker as its new CEO and continues efforts to stabilize its finances through asset sales and debt restructuring.
Originally Published 27 days ago — by CNBC
Frontier Airlines has replaced its nearly decade-long CEO, Barry Biffle, with President James Dempsey, who will serve as interim CEO, as part of a leadership transition announced by the airline.
Originally Published 2 months ago — by Investor's Business Daily
Verizon reported Q3 earnings that beat estimates with a profit of $1.21 per share and revenue of $33.8 billion, despite losing some wireless subscribers and missing revenue targets. The company announced a new CEO, Dan Schulman, who promises significant changes to improve performance. Verizon's stock rose slightly after the report, but the stock remains below its recent highs amid competitive pressures and strategic shifts, including a $20 billion acquisition of Frontier Communications.
Originally Published 2 months ago — by Investor's Business Daily
AT&T, Verizon, and T-Mobile are set to report Q3 earnings amid increased wireless competition and strategic shifts, with Verizon's new CEO potentially suspending dividend growth to fund fiber expansion and growth initiatives, while T-Mobile continues subscriber growth and strategic leadership changes.
Originally Published 2 months ago — by The Hollywood Reporter
Paramount is expected to begin layoffs of around 2,000 employees before late October, ahead of CEO David Ellison's first earnings call in November. The layoffs are part of a broader strategy to improve efficiency and fund investments in growth areas, including major deals like UFC rights and content partnerships, across various divisions of the company.
Originally Published 2 months ago — by Fortune
Nestlé plans to lay off over 16,000 employees worldwide, primarily through automation and organizational restructuring, as part of a cost-cutting strategy under new CEO Philipp Navratil to improve efficiency amid changing consumer preferences and recent financial challenges.
Originally Published 2 months ago — by BBC
Nestle plans to cut 16,000 jobs over the next two years to focus on high-potential products and improve cost efficiency, as part of a strategic shift under new CEO Philipp Navratil aimed at boosting performance and investor confidence.
Originally Published 2 months ago — by CNBC
Nestle announced plans to cut 16,000 jobs to improve efficiency and accelerate growth under new CEO Philipp Navratil, leading to a 7.2% rise in its shares. The company posted better-than-expected Q3 organic growth of 4.3%, driven by strategic focus on successful brands and turnaround efforts, despite challenges in Greater China and past leadership upheavals.
Originally Published 3 months ago — by Barron's
Verizon's unexpected CEO change to Daniel Schulman has caused a stir in the wireless industry, leading to concerns about increased competition and potential price cuts, which impacted the stocks of Verizon, T-Mobile, and AT&T, signaling a possible shift towards more aggressive strategies to regain market share.
Originally Published 3 months ago — by Barron's
Verizon appointed Daniel Schulman as its new CEO, leading to a 4.8% stock drop amid ongoing leadership changes in the telecom industry, with T-Mobile and AT&T also experiencing declines as they face stiff competition and industry headwinds.
Originally Published 3 months ago — by The Verge
Verizon has appointed Dan Schulman, former PayPal CEO, as its new CEO to lead the company's next growth phase following its 5G expansion, replacing Hans Vestberg who will serve as a special advisor until 2026.
Originally Published 3 months ago — by ABC News - Breaking News, Latest News and Videos
Emma Walmsley, the first woman to lead a major pharmaceutical company, will step down as CEO of GSK on December 31 after over eight years, with Luke Miels set to succeed her. Despite strategic successes like spinning off Haleon, GSK's share performance has been underwhelming, with only modest growth and a significant decline since Walmsley's appointment.
Originally Published 3 months ago — by The Verge
T-Mobile is replacing CEO Mike Sievert with COO Srini Gopalan, who will take over on November 1st, as Sievert transitions to vice chairman, marking a leadership change after Sievert's tenure overseeing major acquisitions and strategic initiatives.