Latest Executive changes News

The Latest: Man recalls death of daughter, wife in blast

Apr. 22, 2019 7:31 PM EDT

COLOMBO, Sri Lanka (AP) — The Latest on explosions in Sri Lanka on Easter Sunday (all times local): 4:53 a.m. A man whose Australian wife and only child died in a bomb blast in a Sri Lanka church said he walked out ahead of his family moments before the explosion. Sudesh Kolonne told Australian...

Kraft Heinz CEO stepping down, Patricio named successor

Apr. 22, 2019 12:18 PM EDT

PITTSBURGH (AP) — Kraft Heinz Co. has named a new CEO as it struggles to remain relevant amid changing American tastes. The company said Monday that Miguel Patricio, a longtime executive at Anheuser-Busch InBev, will replace outgoing CEO Bernardo Hees in July. Patricio, a native of Portugal, served as...

Tesla wants to cut size of board from 11 directors to 7

Apr. 20, 2019 1:43 PM EDT

PALO ALTO, Calif. (AP) — Tesla plans to cut its board of directors from 11 to seven in a move the electric-car maker says will allow the board to act more nimbly and efficiently. Tesla says the four directors who will depart aren't leaving because of any disagreement with the company. The board has come...

Trump cracks down on Cuba, Nicaragua and Venezuela

Apr. 17, 2019 8:49 PM EDT

CORAL GABLES, Fla. (AP) — The Trump administration on Wednesday intensified its crackdown on Cuba, Nicaragua and Venezuela, rolling back Obama administration policy and announcing new restrictions and sanctions against the three countries whose leaders national security adviser John Bolton dubbed the...

CEO of Swiss engineering firm ABB steps down amid overhaul

Apr. 17, 2019 12:43 PM EDT

BERLIN (AP) — The chief executive of ABB is stepping down as the Swiss engineering company undergoes a major overhaul. The company said Wednesday that Ulrich Spiesshofer had agreed with the board of directors to relinquish with immediate effect the role he's held since 2013. Board chairman Peter Voser, a...

Head of Foxconn announces Taiwan presidential bid

Apr. 17, 2019 7:05 AM EDT

TAIPEI, Taiwan (AP) — Terry Gou, chairman of the world's largest contract assembler of consumer electronics, including Apple's iPhones, said Wednesday he intends to run for president of Taiwan, bringing his pro-business and China-friendly policies to what is expected to be a crowded field for next year's...

Caesars names gambling-industry veteran as new CEO

Apr. 16, 2019 2:04 PM EDT

LAS VEGAS (AP) — Caesars Entertainment is appointing a gambling-industry veteran as its new chief executive. The casino giant named Tony Rodio as CEO Tuesday. He'll replace Mark Frissora, who guided the company through bankruptcy reorganization after joining Caesars in 2015. The change in leadership comes...

Best Buy names new CEO as Hubert Joly steps down

Apr. 15, 2019 1:47 PM EDT

NEW YORK (AP) — The executive credited with reviving a struggling Best Buy is stepping aside. Hubert Joly, 59, is handing leadership of the reinvigorated electronics retailer to longtime executive Corie Barry, 43, as part of the company's succession plan effective June 11. Barry, who is currently the...

Vanderbilt University names search committee for chancellor

Apr. 15, 2019 9:26 AM EDT

NASHVILLE, Tenn. (AP) — Vanderbilt University has picked a team to find its next chancellor. Vanderbilt Board of Trust Chairman Bruce Evans appointed the search committee and will be the group's chairman. Other committee members include Adolpho Birch III, board secretary and National Football League senior...

Facebook names PayPal exec to board; Netflix CEO leaving

Apr. 12, 2019 6:00 PM EDT

SAN FRANCISCO (AP) — Facebook is nominating to its board of directors a PayPal executive who recently served as finance chief of the charitable organization run by CEO Mark Zuckerberg and his wife Priscilla Chan. Peggy Alford would be the first African American woman to serve on Facebook's board. Her...