Renault seeks greater role in Nissan governance reform

Business / Corporate Jun 13, 2019

Renault seeks greater role in Nissan governance reform

Renault SA Chairman Jean-Dominique Senard said Wednesday he was unhappy with a part of Nissan Motor Co.'s plans to bolster corporate governance following the arrest of former Chairman Carlos Ghosn. At an annual shareholders meeting in Paris, Senard said Renault CEO Thierry Bollore should be ...

Suzuki chairman to receive no pay for one year

Business / Corporate May 29, 2019

Suzuki chairman to receive no pay for one year

Suzuki Motor Corp. Chairman Osamu Suzuki will not receive executive remuneration for a one-year period starting in July as part of disciplinary measures following revelations of improper vehicle inspections, the automaker said Tuesday. President Toshihiro Suzuki will receive a 50 percent pay cut for six ...

Struggling GE ousts John Flannery as CEO

Business Oct 2, 2018

Struggling GE ousts John Flannery as CEO

General Electric has ousted its CEO, announced it took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. will ...

Takeda gains first foreign chief as Weber is appointed CEO

Business / Corporate Mar 5, 2015

Takeda gains first foreign chief as Weber is appointed CEO

Takeda Pharmaceutical Co. has named Christophe Weber chief executive officer as part of a planned succession that makes the French national one of the few international executives to lead a Japanese company. Weber, currently the chief operating officer, takes the new position effective April 1, ...

Abercrombie CEO exits; buyout now seen as possible

Business Dec 10, 2014

Abercrombie CEO exits; buyout now seen as possible

Private-equity firms have waited for this moment: Mike Jeffries is no longer in the retailing business. The controversial chief executive of Abercrombie & Fitch Co. retired Tuesday, clearing the way for any suitors interested in the teen retailer. Jeffries, 70, was long seen as an ...

Demoted worker shoots tech firm CEO, kills self in Chicago

World / Crime & Legal Aug 1, 2014

Demoted worker shoots tech firm CEO, kills self in Chicago

A demoted worker shot and critically wounded his company's CEO before fatally shooting himself Thursday inside a downtown Chicago office building in the bustling financial district, police said. Police Superintendent Garry McCarthy said a worker at a technological company pulled a gun after entering the ...