Latest Executive changes News

Biotech CEO gets 7 years in prison for defrauding investors

Feb. 19, 2020 8:42 AM EST

BOSTON (AP) — The chief executive officer of a Boston-area biotech company who said it had developed a painkiller that would replace opioids has been sentenced to seven years in prison for defrauding investors of about $7.5 million. Frank Reynolds, 57, the CEO of PixarBio Corp., was also ordered Tuesday to...

FILE - This April 25, 2016, file photo shows the top of the Tribune Tower on Michigan Avenue in Chicago. Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a hedge fund known for cutting newsroom jobs, and navigates the ongoing shift to online media, the Chicago-based company said in a statement Monday, Feb. 3. 2020. (AP Photo/M. Spencer Green, File)

2 top execs stepping down at publisher Tribune amid turmoil

Feb. 18, 2020 8:32 PM EST

Two top executives at newspaper publisher Tribune are stepping down as the company deals with its largest shareholder, a hedge fund known for cutting newsroom jobs, andgrapples with a decline in revenue as the print-ad business shrinks. The Chicago-based company, which owns the Chicago Tribune, New York Daily...

DuPont chairman assuming duties of CEO

Feb. 18, 2020 6:25 PM EST

WILMINGTON, Del. (AP) — DuPont Co. said Tuesday that its executive chairman is assuming the duties of CEO. Ed Breen will replace Marc Doyle as chief executive effective immediately, the company said. The move is part of a plan to tap Breen's management experience and speed up improvements in DuPont's...

Venezuelan President Nicolas Maduro gives a press conference at Miraflores presidential palace in Caracas, Venezuela, Friday, Feb. 14, 2020. Maduro said Friday that authorities haven’t detained opposition leader Juan Guaido because the courts haven’t ordered it, but he warned: “It will come.” (AP Photo/Ariana Cubillos)

US sanctions Russian oil trading firm for role in Venezuela

Feb. 18, 2020 3:22 PM EST

WASHINGTON (AP) — The Trump administration announced sanctions Tuesday on a Russian state-controlled brokerage that has helped the Venezuelan government skirt an American oil embargo and enabled President Nicolas Maduro to keep his grip on power in the South American country. Administration officials said...

Couple donates $10 million toward new Purdue bands building

Feb. 18, 2020 7:51 AM EST

WEST LAFAYETTE, Ind. (AP) — A new building for Purdue University's bands and orchestras program will be named after a Florida couple who donated $10 million toward the project. Purdue President Mitch Daniels announced the donation from Marc and Sharon Hagle on Saturday. Marc Hagle is president of the...

Belk restructures corporate office, cuts 80 positions

Feb. 18, 2020 3:18 AM EST

CHARLOTTE, N.C. (AP) — Business restructuring has eliminated 80 positions at a department store's corporate office in North Carolina. Charlotte-based Belk Inc. confirmed the layoffs Monday, The Charlotte Observer reported. The restructuring had been announced last week, the company said in a statement....

Oregon state Sen. Jeff Golden speaks to demonstrators opposed to a plan to build a natural gas pipeline and marine export terminal in Oregon, at the Department of State Lands in Salem, Ore., Tuesday, Feb. 4, 2020. Golden said he expects the battle to go to the courts if the Trump administration tries to ram the project through despite denials of state permits. Demonstrators held signs depicting salmon, which environmentalists say are among fish species that would be impacted by the proposed 230-mile (370-kilometer) feeder pipeline and export terminal. (AP Photo/Andrew Selsky)

Trump appointees weigh plan to build pipeline in Oregon

Feb. 14, 2020 5:17 PM EST

SALEM, Ore. (AP) — Thursday was the day that a federal agency had been expected to make a decision on a proposed natural gas pipeline and marine export terminal in Oregon, and both opponents of the project and the Canadian energy company behind it awaited word from Washington. But Thursday came and went,...

FILE - In this Oct, 29, 2018 file photo James Murren, CEO of MGM Resorts International, participates in a news conference in New York. Murren the head of casino giant MGM Resorts International says he'll step down as company chairman and chief executive as soon as the company leaders find his successor. Murren was praised in a company statement Wednesday, Feb. 12, 2020, saying he informed the corporate board he intends to leave before his contract expires, at the end of 2021. (AP Photo/Seth Wenig,File)

Chief executive at MGM Resorts says he'll step down

Feb. 12, 2020 7:36 PM EST

LAS VEGAS (AP) — Jim Murren, the head of casino giant MGM Resorts International, says he’ll step down as chairman and chief executive as soon as the company finds a successor. Murren has led the company since 2008. A corporate statement Wednesday said he intends to leave before his contract expires...

FILE - In this June 7, 2019, file photo, provided by NASA, NASA Chief Financial Officer Jeff DeWit speaks during a news conference in New York. DeWit is stepping down as chief financial officer at NASA, leaving a job he accepted nearly two years ago after helping run President Donald Trump's 2016 election campaign. DeWit said Wednesday, Feb. 12, 2020, he will return to Arizona and has no plans to seek another elected office.( Bill Ingalls/NASA via AP, File)

Ex-Arizona treasurer to step down as NASA CFO to return home

Feb. 12, 2020 5:13 PM EST

PHOENIX (AP) — Former Arizona state Treasurer Jeff DeWit is stepping down as chief financial officer at NASA, leaving a job he accepted nearly two years ago after helping run President Donald Trump’s 2016 election campaign. DeWit said Wednesday he will return to Arizona and has no plans to seek...

Lawsuit: District knew about lead, asbestos contamination

Feb. 10, 2020 12:50 PM EST

SCRANTON, Pa. (AP) — Current and former employees of a Pennsylvania school district claimed in a lawsuit filed Monday that officials knew for years that unsafe levels of lead and asbestos posed potential health risks for students and staff but never disclosed the information to them or the public. The...