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Interim Chief Executive

All articles tagged with #interim chief executive

business1 year ago

"Petco CEO Ron Coughlin's Departure Boosts Stock by 7%"

Petco CEO Ron Coughlin is stepping down, and former Best Buy executive R. Michael Mohan will take over as interim chief executive as the company searches for a permanent replacement. The company reported fiscal fourth-quarter results that were roughly in line with expectations, with earnings per share at 2 cents adjusted and revenue at $1.67 billion. Coughlin's decision to step down comes as Petco's market cap has eroded over the last year, despite consistent sales growth and comparable sales gains. The pet industry has faced pressure and contended with a demand slowdown after a pandemic-fueled boom fizzled.

via CNBC|
#business#ceo#earnings
business2 years ago

"Sports Illustrated Publisher Shakes Up Leadership Amid AI Controversy"

The Arena Group, publisher of Sports Illustrated, has fired CEO Ross Levinsohn following the revelation that the magazine had published articles written by fake authors with AI-generated headshots and biographies. The board of the Arena Group announced the termination and appointed Manoj Bhargava as interim chief executive. The company denied the allegations and stated that the articles in question were sourced commercial content from a third-party advertising company. This comes after the company terminated the employment of its operations president, media president, and corporate counsel last week.

via The Guardian|
#ai-generated-articles#arena-group#business
sports2 years ago

Patrick Stewart Appointed Interim Manchester United CEO as Richard Arnold Departs

Patrick Stewart, Manchester United's legal counsel and board member, will take on the role of interim chief executive when Richard Arnold departs the club as part of an anticipated wider restructure. Arnold's departure is expected if Sir Jim Ratcliffe's bid to buy a 25% stake in the club is successful. The club is yet to confirm Ratcliffe's proposed investment. Jean-Claude Blanc, former Juventus chief executive, is under consideration as a permanent replacement for Arnold.

via The Athletic|
#interim-chief-executive#manchester-united#patrick-stewart
business2 years ago

"Roz Brewer Resigns as Walgreens CEO, Stock Slides as Worst Performer in Dow"

Walgreens CEO Roz Brewer has resigned after less than three years in the role. The company named Ginger Graham, an independent director, as interim chief executive while it searches for a permanent CEO. Brewer's tenure saw Walgreens focus more on health care services and resolve litigation related to the opioid crisis. The company credited Brewer with leading its efforts to offer mass vaccinations during the pandemic. Walgreens aims to continue its shift towards health care while also investing in retail.

via CBS News|
#business#ceo-resignation#health-care-services