All articles tagged with #leadership overhaul
Originally Published 12 days ago — by Financial Times
Microsoft's CEO Satya Nadella is restructuring the company's leadership to advance its AI strategy beyond its partnership with OpenAI, signaling a new phase in its AI ambitions.
Originally Published 20 days ago — by Financial Times
Coty has appointed a veteran from Procter & Gamble as its new executive chair as part of a leadership restructuring.
Originally Published 5 months ago — by Fortune
UnitedHealth Group, America's largest healthcare company, faced a severe crisis after missing earnings for two consecutive quarters, leading to a significant loss in market value, executive resignations, and investigations into Medicare billing practices. The company has acknowledged deep-rooted problems and announced a comprehensive overhaul of leadership, culture, and operations, with a cautious outlook on profits and growth in the near term.
Originally Published 1 year ago — by NPR
The Republican National Committee has undergone significant staff cuts as new leadership, backed by former President Donald Trump, takes charge. Over 60 people, including senior staff and local community center workers, were fired as part of the overhaul, with the new RNC chair and co-chair being close allies of Trump. The changes signal a closer integration between the RNC and the Trump campaign, with the new COO of the RNC also serving as a senior adviser to the Trump campaign.
Originally Published 2 years ago — by CNBC
Alibaba is restructuring its cloud computing unit and appointing new leaders in an effort to revive the division after canceling its IPO. The company will focus on three business units within the cloud space - public cloud, hybrid cloud, and cloud infrastructure - with executives overseeing each division reporting to Alibaba's top leadership. The move reflects Alibaba's aim to tap into the growing demand for artificial intelligence that relies on cloud infrastructure. The company hopes to capitalize on the potential of AI applications by prioritizing public cloud and increasing investments in AI-related software and hardware.
Originally Published 2 years ago — by Yahoo Finance
Alibaba is initiating a revamp of its cloud business by restructuring its leadership, aiming to revive growth and capitalize on the AI boom after canceling the highly anticipated spinoff of its $11 billion cloud unit. The company has appointed three new executives to head major business lines within Alibaba Cloud Intelligence, with a focus on reclaiming market share lost to state-backed rivals. The move comes after a week of management turmoil and a $24 billion selloff. The cloud division is crucial to Alibaba's AI initiatives, hosting half of China's generative AI firms and serving about 80% of the country's technology companies. The new appointments may signal a wider restructuring following the cancellation of the spinoff.
Originally Published 2 years ago — by The Information
Bloomberg LP has announced a major overhaul of its executive ranks, appointing a new CEO, president, and CFO, and forming a new board of directors chaired by former Bank of England governor Mark Carney. The changes come as part of the company's efforts to strengthen its leadership and strategic direction.
Originally Published 2 years ago — by The New York Times
Mike Cavanagh, the new leader of NBCUniversal, has announced a major overhaul of the company's top ranks. Donna Langley, the films chief, will now have broader oversight of creative decisions for the company's entertainment content, including films and TV shows for its Peacock streaming service. Mark Lazarus, the chairman of NBCUniversal television and streaming, will also have an expanded role in business decisions for creative content. The restructuring aims to streamline the company's leadership ranks and better position NBCUniversal to compete in a changing media landscape.