Latest Executive changes News

Biden in Ohio spotlights effort to rescue union pensions

Jul. 06, 2022 17:34 PM EDT

CLEVELAND (AP) — Reassuring frustrated blue-collar voters, President Joe Biden on Wednesday visited Ohio iron workers to highlight federal action to shore up troubled pension funding for millions now on the job or retired — and to make his political case that he's been a champion for workers in...

Bed Bath & Beyond CEO ousted after another dour quarter

Jun. 29, 2022 17:41 PM EDT

Bed Bath & Beyond's CEO was ousted Wednesday as the home goods retailer struggles to figure out what people want to buy. Board member Sue Gove will take over as interim CEO, the company said Wednesday, replacing Mark Tritton. Bed Bath & Beyond hired Tritton in late 2019....

Big 12 picks Roc Nation's Brett Yormark as next commissioner

Jun. 29, 2022 11:44 AM EDT

DALLAS (AP) — Brett Yormark, an executive with Jay-Z's Roc Nation and former CEO of the Brooklyn Nets, was named Big 12 commissioner Wednesday, another unconventional hire by a major conference amid the rapidly changing landscape of college athletics. Yormark is taking over for Bob...

Yacht of wealthiest Russian oligarch docked in haven Dubai

Jun. 28, 2022 12:16 PM EDT

DUBAI, United Arab Emirates (AP) — The man considered to be the wealthiest oligarch in Russia, who has been photographed playing ice hockey with President Vladimir Putin, joins a growing list of those transferring — or, sailing — their prized assets to Dubai as the West tightens its massive...

GE CEO Culp to lead company's aviation unit

Jun. 27, 2022 11:15 AM EDT

General Electric Chairman and CEO Larry Culp is taking on the additional role as the top executive at the company's aviation business. Culp eight months ago engineered the break up of the conglomerate in which it would spin off its health care and energy divisions, with the aviation...

Solidarity behind Ukraine's Russia fight atop summit agendas

Jun. 24, 2022 14:06 PM EDT

WASHINGTON (AP) — Back-to-back world leader summits in Europe opening this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia's invasion and overcoming Turkey's opposition to NATO membership for Finland and Sweden. The Group of Seven leading...

Exec returns to Toyota as adviser after '15 arrest in Japan

Jun. 23, 2022 06:34 AM EDT

TOKYO (AP) — An American executive who resigned from Toyota after being arrested in Japan in 2015 on suspicion of drug law violations is back at the Japanese automaker, the company said Thursday. Julie Hamp has been hired by Toyota Motor Corp.'s North American operations to support...

Head of California wildfire victim trust fund resigns

Jun. 22, 2022 21:42 PM EDT

SACRAMENTO, Calif. (AP) — The head of a trust established to pay billions of dollars to victims of wildfires caused by Pacific Gas & Electric equipment is resigning even as payouts continue to lag. John Trotter, a retired California appellate court judge, announced Tuesday that...

2 Black executives leave Amazon amid changes in leadership

Jun. 21, 2022 18:30 PM EDT

Two Black executives at Amazon are leaving the company, the e-commerce juggernaut confirmed Tuesday, hours after CEO Andy Jassy named a new head for the company’s troubled retail business. Alicia Boler Davis, a senior vice president who oversees the company’s warehouses, and...

Starbucks head of North America business leaving company

Jun. 19, 2022 18:05 PM EDT

SEATTLE (AP) — Rossann Williams, Starbucks’ North America president who's been a prominent figure in the company's push against worker unionization, is leaving the company after 17 years. In a letter sent to Starbucks employees, whom the company calls “partners,” chief...