Latest Board of directors News

Parson resigning from CBS board for health reasons

Oct. 21, 2018 8:26 PM EDT

CBS Corp. says that Richard Parsons, its interim chairman, has resigned from its board because of illness. The media company named Strauss Zelnick, another media industry leader, as his replacement. CBS named Parsons interim chairman in September as it tried to reshape itself following the ouster of its longtime...

The Latest: Pot activist complains about new Canada law

Oct. 17, 2018 3:20 PM EDT

VANCOUVER, British Columbia (AP) — The Latest on Canada's legalization of recreational marijuana (all times local): 1:15 p.m. A long-time cannabis advocate says the legalization of recreational marijuana in Canada is a remarkable step forward, but many flaws remain in the law. Dana Larsen is the founding...

Hurricane-walloped North Carolina votes again after Big 1

Oct. 14, 2018 9:52 AM EDT

RALEIGH, N.C. (AP) — For a Southern state regularly exposed to hurricanes, call it an election Florence-style. In 2016, North Carolina voters cast their ballots just four weeks after Hurricane Matthew unleashed devastating floodwaters on the state's eastern half. This fall, they're voting about seven weeks...

Sears names restructuring expert to board as debt is due

Oct. 9, 2018 1:59 PM EDT

NEW YORK (AP) — Sears Holdings Corp. is adding a restructuring expert to its board, suggesting the ailing retailer may be preparing to take significant actions to survive or to protect its remaining assets. The Hoffman Estates, Illinois, company, which also owns Kmart, said Tuesday it was bringing on board...

Drugmaker Pfizer's CEO Read to be replaced by COO Bourla

Oct. 1, 2018 4:25 PM EDT

TRENTON, N.J. (AP) — The biggest U.S.-based drugmaker will change leaders in January when Pfizer Chief Operating Officer Albert Bourla replaces CEO Ian Read, who has led the company for nearly eight years. Pfizer Inc. said Monday that Read will become executive chairman of Pfizer's board of directors. The...

The Latest: Tesla, directors indicate they stand behind Musk

Sep. 27, 2018 9:49 PM EDT

DETROIT (AP) — The Latest on U.S. securities regulators filing a complaint against Tesla CEO Elon Musk alleging that he made false and misleading statements about plans to take the company private in August. (all times local): 9:45 p.m. Tesla and its board of directors are indicating their support for CEO...

Board reshuffle at Rite Aid after 2 failed merger attempts

Sep. 27, 2018 10:26 AM EDT

After two failed buyout attempts that could have put it in a better position to compete against larger rivals, Rite Aid is shuffling its board of directors and dividing power at the top of the drugstore chain. Rite Aid said Thursday that three new, independent directors will be nominated to its board and that CEO...

Daimler CEO Zetsche to step down early, succeeded by insider

Sep. 26, 2018 10:33 AM EDT

FRANKFURT, Germany (AP) — Daimler CEO Dieter Zetsche, who unwound a troubled merger with Chrysler Corporation and led the German automaker to a string of record profits, will hand off next year to Ola Kallenius, a longtime insider who heads vehicle development for the Mercedes-Benz brand. The...

CBS taps media industry veteran Parsons as interim chairman

Sep. 25, 2018 9:44 PM EDT

NEW YORK (AP) — CBS says it has named media industry veteran Richard Parsons as interim chairman of the board as the company moves to reshape itself following the ouster of longtime chief Les Moonves. Parsons is the former chairman of Time Warner and Citicorp. He was added to the board of CBS earlier this...

Dog pepper sprayed at Wyoming shelter, board members resign

Sep. 25, 2018 2:21 PM EDT

CHEYENNE, Wyo. (AP) — Two members of a Wyoming animal shelter board have resigned after the board suspended the CEO instead of firing him for ordering a dog to be pepper sprayed after it bit a shelter employee. The Wyoming Tribune Eagle reported Tuesday that Cheyenne Animal Shelter board member Lynn Boak...