Tag

Management Shake Up

All articles tagged with #management shake up

business1 year ago•5 min saved

"Boeing's CEO Shake-Up: Who's Next in Line?"

Boeing CEO Dave Calhoun is stepping down at year's end as the company grapples with safety and production quality issues. The company is searching for a replacement with expertise in manufacturing, aviation regulations, and the ability to rally employees. Potential candidates include General Electric CEO Larry Culp, former Boeing executive Pat Shanahan, Carrier CEO David Gitlin, and Boeing's internal candidate Stephanie Pope. The next CEO will face the challenge of addressing internal struggles, regaining market share from Airbus, and competing with China's commercial aircraft industry.

via CNBC|

#aviation #boeing #business

business1 year ago•3 min saved

"GM Faces Leadership Crisis: 2 Key Executives Depart in Management Shake-Up"

General Motors is experiencing a management shake-up as it loses its head of manufacturing, Gerald Johnson, and its executive vice president of software and services, Mike Abbott. Johnson, who is retiring after 44 years with GM, will be replaced by Jens Peter Clausen, while Baris Cetinok will serve as the interim head of Software and Services following Abbott's departure. The company is facing challenges in software development, including stop-sales on some vehicles due to software problems. CEO Mary Barra expressed gratitude for Johnson's service and praised Abbott's contributions, while emphasizing the need for a smooth transition and continued focus on software advancements.

via Detroit Free Press|

#business #executive-departures #general-motors

businessaviation1 year ago•1 min saved

"Boeing Shakes Up Management After 737 Max Incidents"

Boeing's head of the 737 Max program, Ed Clark, is leaving the company as part of a management shake-up following a January mishap involving a Boeing-manufactured Alaska Airlines plane. The incident led to increased FAA oversight and temporary grounding of all Boeing 737 Max 9 airplanes in the U.S. The company's Executive Vice President announced the leadership changes, emphasizing an enhanced focus on ensuring aircraft quality and safety. This move comes after previous issues with the 737 Max, including two crashes in 2018 and 2019, which led to a worldwide grounding of the aircraft.

via NBC News|

#737-max #aircraft-safety #boeing

business2 years ago•0 min saved

"Brex's Staff Cuts and Financial Struggles Raise Concerns"

Fintech firm Brex is cutting 20% of its workforce and making changes to its senior management team, with COO Michael Tannenbaum and CTO Cosmin Nicolaescu stepping down from their positions. The company aims to reduce its cash burn and streamline operations amidst slower revenue growth, with 282 jobs being cut as part of the restructuring.

via The Information|

#brex #business #cost-cutting

crime2 years ago•3 min saved

St Elizabeth police undergoes major leadership shakeup

The police high command has announced a major management shake-up at the St Elizabeth Division and the interdiction of two members of the constabulary following Monday's jailbreak by eight inmates, including a man charged with a quadruple murder. An investigation is ongoing to ascertain the circumstances involving the jailbreak at the Black River Police Station, which has surveillance cameras and houses the parish's Jamaica Eye monitoring centre.

via Jamaica Observer|

#crime #investigation #jailbreak

business2 years ago•0 min saved

Alibaba undergoes major leadership shake-up with new CEO and chairman.

Alibaba has announced a management shake-up that will see CEO Daniel Zhang replaced by company veteran Lucy Peng. Zhang will become executive chairman, succeeding Jack Ma, who will step down next year. The move comes as Alibaba faces increased competition in the e-commerce sector and scrutiny from Chinese regulators.

via Financial Times|

#alibaba #business #daniel-zhang

business2 years ago•2 min saved

Disney Layoffs Shake Up ABC News and Hulu Offices.

ABC News is undergoing a major executive shake-up as part of company-wide layoffs at Walt Disney Co. Several top managers with decades of experience were among the people inside ABC News who were cut Thursday. The cuts are part of Disney’s plan to eliminate 7,000 jobs as part of a wider effort to rejuvenate the Burbank entertainment giant’s finances and reach profitability at its streaming business. Godwin is using Disney’s cost-reduction edict to reshape the management structure at ABC News, leading to the departure of a number of longtimers.

via Los Angeles Times|

#abc-news #business #cost-reduction