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Executive Shakeup

All articles tagged with #executive shakeup

business1 year ago

"Disney's Film Unit Overhaul: President Exits Amid Board Battle"

Walt Disney's President of Production, Sean Bailey, has stepped down after 15 years, transitioning to a producer role as Disney merges its film divisions amid an ongoing board proxy battle. David Greenbaum will replace Bailey, taking on the role of president of live action and 20th Century Studios. The shakeup comes as Disney faces pressure from activist investors and struggles within its film business, with CEO Bob Iger aiming to address the challenges in 2024.

via Yahoo Finance|
#activist-investors#board-battle#business
businessaviation1 year ago

"Boeing's 737 Max Program Executive Departs Amid Safety Incidents"

Boeing removed the head of its 737 Max program, Ed Clark, following ongoing safety incidents, including a midair blowout and a recent door plug issue. The National Transportation Safety Board found that missing bolts caused the door plug to blow out on a Boeing 737 Max flown by Alaska Airlines. Boeing CEO Dave Calhoun took responsibility for the incident, and the company announced a shuffling of executives in its Boeing Commercial Airplanes unit. The problems have also led to the postponement of certification for new versions of the jet, and the CEOs of major Boeing customers have expressed doubts about receiving their orders anytime soon.

via CNN|
#737-max#aviation#boeing
business-aviation1 year ago

Boeing Ousts 737 Max Program Head Amid Safety Concerns

Boeing removed the head of its 737 Max program, Ed Clark, following ongoing safety incidents, including a midair blowout and a recent door plug issue. The National Transportation Safety Board found that missing bolts caused the door plug incident, prompting Boeing CEO Dave Calhoun to take responsibility. In response to Clark's departure, Boeing announced a reorganization of executives in its Commercial Airplanes unit, creating a new position for quality oversight and shuffling responsibilities among senior leaders.

via WDSU New Orleans|
#737-max#boeing#business-aviation
technology2 years ago

Cruise CEO Kyle Vogt Resigns Amidst License Suspension

Kyle Vogt, co-founder and CEO of Cruise, has resigned from his position, according to an email sent to employees. The resignation comes after the California Department of Motor Vehicles suspended Cruise's permits to operate self-driving vehicles following an incident where a pedestrian was hit and dragged by a Cruise robotaxi. Mo Elshenawy will serve as president and CTO for Cruise, while Craig Glidden and Jon McNeill will continue in their roles. Vogt expressed gratitude for the past 10 years and believes Cruise has a great future ahead. Employee morale has been low, with concerns about poor management and safety prioritization.

via TechCrunch|
#cruise#executive-shakeup#general-motors