All articles tagged with #executive changes
Originally Published 4 months ago — by CRN Magazine
Intel has appointed Kevork Kechichian, a former Arm executive, as the new leader of its Data Center Group, while Michelle Johnston Holthaus, who served briefly as CEO of Intel Products, is departing after nearly 30 years at the company. The company also announced other leadership changes across its divisions to focus on growth and innovation.
Originally Published 6 months ago — by The Hollywood Reporter
'Extra' is undergoing staff layoffs and a show revamp ahead of its 32nd season, including leadership changes and a new look, as part of its annual assessment and renewal process.
Originally Published 7 months ago — by Bloomberg.com
JPMorgan Chase has appointed Marianne Lake to oversee strategic growth and its international consumer bank following the departure of Sanoke Viswanathan, who is becoming CEO of FactSet. Viswanathan, a key figure in JPMorgan's leadership and strategic initiatives, had been a potential successor to CEO Jamie Dimon and managed various divisions including the international private bank and workplace solutions. Lake, previously CFO, now leads the consumer and community banking division serving 84 million US consumers.
Originally Published 7 months ago — by Insider Gaming
Hi-Rez Studios has announced layoffs affecting senior management, including President Stewart Chisholm, amidst ongoing restructuring. Chisholm departs after 17 years, citing a long-discussed transition, while the studio emphasizes its continued focus on improving Smite 2 and maintaining its core mission. The layoffs are part of broader efforts to streamline the company's leadership and focus on its flagship games.
Originally Published 1 year ago — by WWD
LVMH has announced significant leadership changes in its wines and spirits division, Moët Hennessy. Jean-Jacques Guiony, previously the CFO, will become the president and CEO, while Alexandre Arnault will serve as deputy CEO. This reshuffle is part of a broader strategy to leverage internal talent and includes other key appointments across the group. The new leadership team will face challenges such as a slowdown in premium liquor sales in China and potential tariffs from the U.S.
Originally Published 1 year ago — by Deadline
Netflix's VP of Film, Niija Kuykendall, will leave the company at the end of the year amid a reorganization of the company's executive structure. Jason Young has been promoted to VP Film, taking over the YA film oversight, while faith-based and holiday films will move to the drama/thrillers pod. Kuykendall's departure is part of a broader realignment under Dan Lin's leadership, following other recent executive exits and layoffs at Netflix.
Originally Published 2 years ago — by Yahoo Finance
ChargePoint Holdings' stock plummeted by nearly 38% to a record low after the electric vehicle charging network reduced its third-quarter revenue forecast due to weak demand caused by delays in electric vehicle deliveries. The company also announced the replacement of its CEO and CFO. Multiple analysts have slashed their price targets and downgraded their ratings on ChargePoint's stock, reflecting concerns about the near-term outlook for the company and the broader EV charging industry.
Originally Published 2 years ago — by OregonLive
Nike has announced a series of executive changes aimed at accelerating the development and release of new products. The moves include new heads of innovation, design, marketing, and technology. Analysts have noted that Nike needs to increase its focus on innovation and bring more new products to market, particularly in the running category where competitors are gaining market share. The changes reflect Nike's commitment to re-energizing its innovation engine and staying ahead in the market.
Originally Published 2 years ago — by Hollywood Reporter
Netflix announces executive changes, with Jeremi Gorman stepping down as head of ad sales and Amy Reinhard becoming president of advertising. Eunice Kim is promoted to chief product officer, and Elizabeth Stone is promoted to chief technology officer. These changes come as Netflix aims to strengthen its nascent advertising business and enhance its technology and product divisions.
Originally Published 2 years ago — by Reuters
Activist investors are targeting food and consumer goods companies, advocating for executive changes due to underperformance. Investment management firm Artisan Partners, the top shareholder of Danone with a 7% stake, has called for more turnover at senior levels. The consumer goods industry has seen a surge in activist campaigns, with 236 launched globally in the first seven months of 2022. Companies in this sector are attractive to activists due to their low debt levels, cash generation, and potential for cost-cutting and operational improvement. Billionaire activist fund manager Nelson Peltz's presence on Unilever's board has given confidence to other investors. Several top industry executives have stepped down, driven by lifestyle changes or the need for new leadership in a challenging business environment.
Originally Published 2 years ago — by Business Insider
Salesforce CEO Marc Benioff is shaking up the company's top ranks and bringing back several executives who left to work at rivals including Amazon and Oracle. The changes hint at a firmer succession plan, with current President and COO Brian Millham taking on a host of new responsibilities, including Marketing, Employee Success, and Business Technology. About 70% of Salesforce employees now report to Millham, making him a potential frontrunner as a Benioff successor.