Two directors issued a letter in response to the recommendations made by proxy advisory firms on the ceo-chairman split issue as well as removal of some of the JP Morgan directors from the board.
Tags: CEO
Chesapeake Appoints New CEO
Chesapeake Energy Appoints New CEO In a stunning move, Chesapeake Energy Corp has hired Robert Douglas Lawler to become its new Chief Executive Officer.
HSBC to Continue Path Led by CEO Stuart Gulliver
HSBC will cut back costs and sell off minority assets under the three year restructuring plan of CEO Stuart Gulliver.
Fresenius CEO Watching for New Deals
Fresenius CEO Ulf M. Schneider is on the lookout for deals for the expansion of the German group. Fresenius SE, the diversified healthcare group from Germany, has identified possible firms for ripe for takeovers.
Ma Steps Down as Alibaba CEO
Jack Ma, the Chinese billionaire steps down as Alibaba's CEO. Jack Ma, the Chinese Internet billionaire whose fortune comes from the decade long development of China's largest e-commerce company, the Alibaba Group.
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Hess, in a move to address criticisms, splits the position of CEO from Chairman. In a bold move, Hess Corp would be splitting the roles of chairman and chief executive officer in its annual shareholders meeting next week.
Ivan Menezes replaces Paul Walsh as the new CEO of Diageo. The globe's largest spirits distiller, Diageo, has announced that Ivan Menezes would become the new Chief Executive Officer of the company replacing Paul Walsh.
Hochtief AG is returning to its construction roots by the sale of its airport management division. Hochtief AG has entered into an agreement to sell its airport division to the Public Sector Pension Investment Board of Canada.
According to Alibaba CEO Jack Ma said that the IPO would be coming soon. The world's largest online retailer is trying to avoid experiencing the issues Facebook had faced with its initial public offer.
ISS advises shareholders in JP Morgan to elect independent chairman. Proxy advisory firm Institutional Shareholder Services advised JPMorgan Chase & Co to disassociate the duties of a Chairman from the Chief Executive Officer.
QIB CEO Bassel Gamal said that the bank would no longer issue any more sukuk bonds until 2014. The Gulf region's largest sharia compliant banking institution in terms of assets, the Qatar Islamic Bank, has said that it is not expecting to issue more Islamic bonds before 2014.
From the position of Executive Director and CFO, Mark Hews rises to become CEO replacing Michael Tripp.
Uber is said to be in venture financing discussions despite CEO pronouncements. Uber, the fast growing alternative taxi transportation service is now in discussion with a venture capital firm about a new funding round that is forecasted to value the company at about US$1 billion.
Intel CEO sends letter to FCC Chairman throwing support to the Softbank bid. Paul Otellini, the CEO of Intel Corp has sent a letter to the Federal Communications Commission vouching for his support for SoftBank's bid for Sprint Nextel instead of the Dish Network's unsolicited bid.
