Latest Executive changes News

Trump outpaces Obama, Bush in naming ex-lobbyists to Cabinet

Sep. 17, 2019 4:47 PM EDT

WASHINGTON (AP) — In less than three years, President Donald Trump has named more former lobbyists to Cabinet-level posts than his most recent predecessors did in eight, putting a substantial amount of oversight in the hands of people with ties to the industries they're regulating. The Cabinet choices are...

WeWork delays its IPO amid tepid investor interest

Sep. 17, 2019 4:03 PM EDT

NEW YORK (AP) — WeWork's parent company put its stock market debut on the backburner Tuesday, struggling to drum up investor enthusiasm for a fast-growing enterprise that spread trendy communal office spaces across the globe while piling up massive losses. The We Company dropped plans to begin a so-called...

SeaWorld CEO resigns after less than a year on the job

Sep. 16, 2019 5:48 PM EDT

ORLANDO, Fla. (AP) — The CEO of SeaWorld Entertainment stepped down Monday, just months into his tenure leading the theme park company. Gustavo "Gus" Antorcha resigned from his job as the top executive at SeaWorld as well as his position on the company's board of directors. "While I may have a difference...

Disney CEO departs Apple's board with video showdown looming

Sep. 13, 2019 7:15 PM EDT

SAN FRANCISCO (AP) — Walt Disney Co. CEO Robert Iger has stepped down from Apple's board of directors as the two companies prepare to launch competing video streaming services aimed at market leader Netflix. Apple disclosed Iger's departure in a regulatory filing Friday, but his resignation became...

WeWork to list shares on Nasdaq, reduce CEO's voting power

Sep. 13, 2019 4:40 PM EDT

NEW YORK (AP) — WeWork's parent company announced major changes in its corporate governance practices Friday as it revealed plans to list shares on the Nasdaq. The office-sharing company is pressing on with its highly anticipated stock market debut — expected later this month — despite doubts...

Yahoo Japan making tender offer for retailer Zozo at $3.7B

Sep. 12, 2019 9:21 PM EDT

TOKYO (AP) — Yahoo Japan Corp. announced a tender offer worth an estimated 400 billion yen ($3.7 billion) for Zozo Inc., a Japanese online retailer started by a celebrity tycoon. Zozo Chief Executive Yusaku Maezawa told reporters Thursday at a Tokyo hotel that he was stepping down to devote more time to...

Dem seeks cash for 2020 challenge of Mississippi GOP senator

Sep. 12, 2019 5:23 PM EDT

JACKSON, Miss. (AP) — A Democrat who tried to unseat Republican U.S. Sen. Cindy Hyde-Smith in Mississippi last year is seeking money to challenge her again in 2020. Mike Espy said in a fundraising appeal Thursday that he can "work with others across party lines and labels." Espy served in the U.S. House...

Alibaba's Ma steps down as industry faces uncertainty

Sep. 10, 2019 2:10 AM EDT

BEIJING (AP) — Alibaba Group founder Jack Ma, who helped launch China's online retailing boom, stepped down as chairman of the world's biggest e-commerce company Tuesday at a time when its fast-changing industry faces uncertainty amid a U.S.-Chinese tariff war. Ma, one of China's wealthiest and best-known...

Nissan chief hands in resignation, successor to be named

Sep. 9, 2019 11:24 AM EDT

YOKOHAMA, Japan (AP) — Nissan Chief Executive Hiroto Saikawa tendered his resignation Monday after acknowledging that he had received dubious income and vowed to pass the leadership of the Japanese automaker to a new generation. "It would have been better if I had been able to resolve everything first,"...

Saudi king replaces energy minister, naming one of his sons

Sep. 8, 2019 12:59 PM EDT

DUBAI, United Arab Emirates (AP) — Saudi Arabia's King Salman replaced the country's energy minister with one of his own sons Sunday, naming Prince Abdulaziz bin Salman to one of the most important positions in the country as oil prices remain below what is needed to keep up with government spending. The...