All articles tagged with #leadership shake up
Originally Published 2 months ago — by Milwaukee Journal Sentinel
Milwaukee-based Fiserv reported third-quarter earnings significantly below expectations, leading to a major leadership shake-up including the appointment of two co-presidents and a new CFO, as the company aims to improve performance and drive sustainable growth.
Originally Published 2 months ago — by CBS News
The Trump administration plans to reassign senior ICE officials across the country to boost deportation efforts, including replacing some leaders with Customs and Border Protection officials, amid frustrations over arrest and deportation levels and expanding operations beyond the U.S.-Mexico border into Democratic-led cities.
Originally Published 1 year ago — by The Verge
Xbox executive Kareem Choudhry is leaving Microsoft after 26 years, triggering a shake-up within the Xbox teams. Microsoft is evaluating strategy changes for its gaming division, including the potential for Xbox-exclusive games to come to PS5 and Nintendo Switch. The company is also working on next-gen Xbox hardware and considering further big changes to its overall Xbox strategy, with a big summer Xbox showcase planned for June 9th, featuring announcements of new games like Gears of War, Microsoft Flight Simulator 2024, Avowed, Indiana Jones and the Great Circle, and a new Call of Duty.
Originally Published 1 year ago — by The Motley Fool
Boeing announced a major executive shakeup with the departure of its CEO, chair of the board, and head of commercial airplanes, signaling a significant change in leadership. The company's struggles with quality control and production issues have impacted its cash flow and stock valuation. The new leadership team will be crucial in addressing these challenges and restoring Boeing's position in the aviation market, with a focus on increasing production levels and maintaining high-quality standards to drive consistent cash flow and potentially improve stock performance.
Originally Published 1 year ago — by The Verge
Microsoft has undergone a leadership shake-up, reuniting the Windows and Surface divisions under a new leader, Pavan Davuluri, and appointing Mustafa Suleyman as the CEO of Microsoft AI. The move comes after frustrations with the previous split and signals a renewed focus on AI-powered features in Windows and a push for "AI PCs." The company aims to clarify the significance of AI PCs and is expected to launch Arm-powered versions of its Surface devices, potentially marking a significant transition for Windows laptops.
Originally Published 1 year ago — by Rock Paper Shotgun
Bungie has replaced Christopher Barrett with former Valorant director Joe Ziegler as the game director for their upcoming revival of the classic shooter Marathon. Reports suggest that the studio is undergoing another creative leadership shake-up in an effort to release Marathon before the summer of 2026, with the game's direction already shifting under Ziegler's leadership. This comes after Bungie's recent layoffs and delays in both Marathon and Destiny 2's expansion, The Final Shape.
Originally Published 1 year ago — by Yahoo Finance
Under Armour founder Kevin Plank has replaced Stephanie Linnartz as CEO, with analysts expressing surprise at the move. Plank, who previously faced operational mishaps during his tenure, now has "a lot to prove" as he reassumes the CEO position. The company's stock is under pressure following the leadership shake-up, with uncertainty surrounding Plank's strategic direction and a lack of trust in his leadership.
Originally Published 1 year ago — by The New York Times
Boeing is shaking up its leadership in the commercial airplanes unit following an incident where a piece fell off a 737 Max 9 jet in flight, leading to the departure of Ed Clark, the head of the 737 Max program. The company has been under pressure to demonstrate its commitment to making safe planes and has announced leadership changes and an overhaul of its quality control process, including increased inspections at the factory in Renton, Wash., where the Max jets are produced.
Originally Published 1 year ago — by The New York Times
Ukrainian President Zelensky has removed Gen. Valery Zaluzhny, the top general leading the nation's war effort, in a significant leadership shake-up amid intensified Russian attacks and tensions between civilian and military leadership. Zelensky praised Zaluzhny but emphasized the need for urgent changes to ensure victory, appointing Gen. Oleksandr Syrsky as the new head of Ukraine's Armed Forces. The move comes at a critical moment in the war, with Ukraine facing skepticism over aid and ongoing bloody, inconclusive fighting against Russian forces.
Originally Published 1 year ago — by Financial Times
Turkey's central bank has experienced another leadership shake-up, with the removal of its deputy governor and chief economist. This move comes amid concerns about the bank's independence and the country's economic stability, as Turkey grapples with high inflation and a weakening currency. The decision has raised further questions about the government's influence over the central bank and its ability to maintain financial stability.
Originally Published 2 years ago — by CNN
The pro-DeSantis super PAC, Never Back Down, has experienced another shake-up as interim CEO Kristin Davison departs after just nine days in the role. This follows the recent departure of chairman Adam Laxalt and communications director Erin Perrine. Scott Wagner will now serve as Chairman of the Board and interim CEO. The organization's close association with DeSantis has led to the formation of a new pro-DeSantis super PAC, Fight Right. The departures come as DeSantis completes his tour of Iowa's 99 counties in his bid for the 2024 presidential election.
Originally Published 2 years ago — by The Associated Press
Three senior members, including the CEO, communications director, and director of operations, have left the pro-DeSantis super PAC group, Never Back Down, just weeks before the Iowa Republican caucuses. The departures come as DeSantis faces pressure to challenge former President Donald Trump's lead in Iowa and nationally, with some voters and donors considering backing Nikki Haley. The super PAC, which has been crucial to DeSantis' campaign, is now under the interim leadership of Scott Wagner. The shake-up is seen as an attempt by DeSantis' loyalists to regain control over Never Back Down, which has been funded by over $80 million from DeSantis' political accounts.
Originally Published 2 years ago — by Yahoo News
Three senior members, including the CEO, communications director, and director of operations, have left Never Back Down, a super PAC supporting Florida Governor Ron DeSantis, just weeks before the Iowa Republican caucuses. The departures come as DeSantis faces pressure to challenge former President Donald Trump's lead in Iowa and nationally. The shake-up is seen as an attempt by DeSantis' loyalists to regain control over the super PAC, which has been instrumental in his presidential campaign. The group was initially funded with over $80 million from DeSantis' political accounts but is legally prohibited from direct coordination with the campaign.
Originally Published 2 years ago — by South China Morning Post
China has removed General Li Shangfu as defence minister in the country's second leadership shake-up in three months. The decision to remove him was approved by the National People's Congress Standing Committee, and no explanation was given. Li is the second minister to be abruptly removed since Xi Jinping began his third term as the party's leader last October. Li's removal comes just days before a Pentagon delegation is due to arrive in Beijing for a regional security forum, potentially impacting high-level military dialogue between the two sides. No replacement for Li has been announced.
Originally Published 2 years ago — by Financial Times
Citigroup is undergoing its biggest shake-up in almost two decades as Jane Fraser, the incoming CEO, gains more control over the company. This move is seen as an effort to improve corporate governance and address concerns about the bank's performance. Fraser's increased authority comes as Citigroup faces regulatory scrutiny and pressure to improve its risk management practices.