All articles tagged with #ceo exit
C3.ai's stock dropped sharply after missing earnings estimates, announcing a leadership change with CEO Thomas Siebel stepping down, and withdrawing its fiscal 2026 guidance due to organizational disruptions and health issues. The company's market cap is around $2.3 billion, and analysts are divided on its future prospects, with some seeing potential upside based on target prices.
Nestle's stock (NSRGY) declined following the announcement of the 'necessary' departure of its CEO, signaling potential concerns among investors about leadership changes.
Linda Yaccarino, appointed to revive X's advertising business, spent two challenging years managing the platform's chaos and Musk's influence before stepping down as CEO, with her tenure marked by struggles to stabilize ad revenue and navigate Musk's controversial decisions.
Stellantis NV is in a precarious position following the unexpected departure of CEO Carlos Tavares, who left after a profit warning in September. Despite initially retaining his position by replacing the finance chief and securing board support, Tavares did not complete his term, leaving the company, which produces brands like Jeep and Fiat, in survival mode.
New York Community Bancorp's shares plummeted by nearly 23% following the sudden exit of its longtime CEO and the disclosure of "material weaknesses" related to loans, resulting in a $2.4 billion charge. The bank, a major lender to New York City apartment landlords, is unable to file its annual report with the SEC and will have to amend its fourth-quarter results. Despite concerns about its sizable commercial real estate loan portfolios, an analyst believes the bank's issues are specific to its multi-family lending and that it has the liquidity to manage through this difficult time.
New York Community Bancorp (NYCB) faces turmoil as CEO Thomas Cangemi exits, and the bank's fourth-quarter loss balloons to $2.7 billion due to a $2.4 billion goodwill impairment charge. The bank also disclosed weaknesses in its internal controls and delayed the filing of its annual report to address these issues. Alessandro DiNello, previously CEO of Flagstar Bank, has replaced Cangemi as executive chairman. The bank's troubles began a month ago when it slashed its dividend and reported a net quarterly loss, raising concerns about the regional banking world.
H&M shares dropped nearly 10% following weaker sales and the unexpected departure of its CEO, Helena Helmersson, who will be replaced by Daniel Ervér. The company reported a 1% decrease in sales for the full financial year and a 4% drop year-on-year in December 2023 and January 2024. Despite a doubling of operating profit for the full year, H&M's fourth-quarter operating profit margin fell below market expectations. The retailer's struggles to maintain sales growth amid increasing competition have led to concerns about the weak consumer environment and higher capital expenditure expectations, impacting its stock prices.