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Executive Firing

All articles tagged with #executive firing

business6 months ago•2 min saved

Tesla's Leadership Shake-up: Omead Afshar's Departure Amid Slumping Sales

Omead Afshar, a key Tesla executive and close aide to Elon Musk, has been reportedly fired amid declining sales in major markets like North America, Europe, and China, as Tesla faces its fifth consecutive monthly sales drop and a stock decline. Afshar, known for his operational discipline and trust from Musk, played a significant role in Tesla's major projects, including the Gigafactory in Texas and Musk's Twitter acquisition. His departure comes during a period of internal and external challenges for Tesla, including reputational issues and market performance.

via Times of India|

#business #elon-musk #executive-firing

business2 years ago•1 min saved

3M Fires Chief Business Officer for Inappropriate Conduct

3M has fired its chief business officer, Michael Vale, for "inappropriate conduct and violation of company policy." Vale had been with the company for over 30 years and was promoted to his most recent role just last month. The company said that Vale's conduct was unrelated to its operations and financial performance. The search for Vale's successor is underway, and in the meantime, the heads of departments he oversaw will report directly to the CEO.

via CNN|

#3m #business #company-policy