All articles tagged with #chief executive
Los Angeles County is preparing to establish a new elected chief executive position, dubbed the 'mayor of L.A. County,' as part of Measure G's government overhaul, which will significantly shift power from the Board of Supervisors to this new role, prompting debates about checks and balances, term limits, and the role's influence.
Georges Elhedery has been appointed as the new chief executive of HSBC, a major global banking institution.
Patrick Stewart, Manchester United's incoming chief executive, has been with the club since 2006 and has played a crucial role in overseeing legal and regulatory affairs. As he takes on the role of interim CEO following Richard Arnold's departure, uncertainty looms over the potential impact of Sir Jim Ratcliffe's proposed minority investment. Stewart is expected to manage the club during this transition phase and has been working closely on the investment. Jean-Claude Blanc, former Juventus CEO, is likely to eventually succeed Arnold as United's permanent CEO. Stewart is described as a level-headed influence and is involved in various Premier League and Football Association committees, including those related to women's football and legal matters.
The Washington Post has announced that Will Lewis will be taking over as the new chief executive and publisher of the newspaper. Lewis, who previously served as the CEO of Dow Jones and publisher of the Wall Street Journal, will be responsible for leading the strategic direction and operations of the Washington Post.
BP has reported profits of $3.3bn for the third quarter, lower than expected, despite a recent rise in global oil prices. The company's earnings were down from $8.1bn in the same period last year, attributed to weaker gas trading. These results mark the first release since former CEO Bernard Looney resigned in September. Interim CEO Murray Auchincloss expressed confidence in the company's stability and growth prospects. BP also disclosed a $540m charge on three wind farm projects off the coast of New York due to failed renegotiations with authorities. The World Bank has warned of potential oil price increases if Middle East conflicts escalate.
BP shares fall in the stock market after the company's chief executive resigns.
Mark Thompson, former CEO of the New York Times, has been appointed as the new chief executive of CNN, replacing Chris Licht. Thompson, who begins his role on October 9, brings extensive experience in media, having overseen significant growth in digital subscription revenue during his tenure at the New York Times. He will also serve as CNN's editor in chief. Thompson's appointment comes after Licht's ousting in June following a short and tumultuous tenure. CNN is hoping that Thompson's leadership will help the network regain viewership and navigate the challenges of the evolving television industry.
Mark Thompson, former CEO of The New York Times Company and director general of the BBC, has been named the next chairman and chief executive of CNN. Thompson, known for his experience in transforming news organizations for the digital age, will face the challenge of leading CNN through a pivotal period as the cable business declines and the network transitions to a more digital-focused future. CNN has been dealing with a series of crises, including plummeting ratings and profits, and is still recovering from the termination of its previous CEO, Chris Licht. Thompson will start his new role on October 9th.
Investment bank Lazard has appointed Peter Orszag, a former director of the Office of Management and Budget under President Barack Obama, as its new chief executive. Orszag, who has also worked at Citigroup and as a columnist for Bloomberg Opinion, will take over from Kenneth Jacobs, who will become chairman of the board.