BlackBerry's interim chief executive has shaken up BlackBerry's management team in a move seen as prelude to him taking the top job himself. Chief Operating Officer Kristian Tear and Chief Marketing Officer Frank Boulben, both hired by recently ousted CEO Thorsten Heins, will leave the struggling smartphone maker.
Wal-Mart Stores CEO and President Mike Duke plans to step down Feb. 1. The company says Doug McMillon, head of international operations, will succeed him.Duke, 63, who had been with Wal-Mart since 1995, had been at the helm since February 2009. Duke will stay on as chairman.
Heather Zichal admits her job is unfinished. The architect of President Barack Obama's climate-change plan, Zichal left the White House last week after five years as a top adviser on energy and climate change.
In addition to a $1 million base salary and $2 million performance bonus, the Waterloo, Ontario, company will give him 13 million BlackBerry restricted share units, worth $85 million based on the current stock price, that will vest over five years.
Chrysler Group has named a new head of its Chrysler brand. The company said Monday that Al Gardner has been appointed president and CEO of the Chrysler brand. Gardner is a 27-year veteran of Chrysler who most recently served as head of the company's Southeast Business Center.
A troubled dietary supplement maker in Virginia will start next year off with a new leader after its chief executive announced his resignation, a shakeup that comes as the company faced a securities probe, shareholder lawsuits and a scandal involving Virginia's governor.
Dennis Williams has been the UAW's secretary-treasurer for the last three years. Williams, a Marine Corps veteran, joined the union in 1977 as a welder with J.I. Case in Rock Island, Ill. He joined the union's national organizing department in 1988 and has negotiated contracts with Mitsubishi, Caterpillar and other companies.
Mays led development of designs that helped to turn Ford from a money-losing company with mostly boring products in 2006 to a company with coveted designs today. As group vice president and chief creative officer for design, he led development of the Ford Fusion, Focus, Fiesta, Taurus, Mustang and F-150, the statement said.
William C. Lowe had a bold idea: IBM should develop a personal computer that could be mass marketed, expanding the company's reach beyond businesses and into people's homes. That was in 1980. One year later, the IBM 5150 personal computer was selling out at stores such as Sears and ComputerLand for $1,565, not including a monitor.
Ghosn attributed the weaker than expected performance to a variety of troubles, chief among them weakness in many emerging markets and painfully expensive recalls. He announced a management reshuffle that will make the company's chief operating officer, Toshiyuki Shiga, a vice chairman and appoint three other executives as COOs.
The chief executive of Israeli company Teva Pharmaceuticals Ltd. has resigned following a public uproar over a contentious restructuring plan set to cut thousands of jobs worldwide.A statement Wednesday from Teva said says its board of directors and CEO Jeremy Levin had agreed for him to step down.
Electric car maker Tesla Motors has hired Apple Inc.'s chief Mac engineer to lead new vehicle development.Doug Field led the development of new products in his five years at Apple, including the MacBook Air, MacBook Pro and iMac.
Alan Mulally, the man who has led Ford Motor Co.'s turnaround from near financial ruin, would not say Thursday if he has talked to Microsoft about the CEO job at the software giant. "We don't comment on the speculation," Mulally said in response to a question from The Associated Press on the company's third-quarter earnings conference call.
Oracle President Mark Hurd says he's not planning on becoming Microsoft's next CEO. Hurd tells CNBC that he's happy at the business software maker and doesn't expect to be going anywhere.
Ex-Nokia CEO Jorma Ollila says the former No. 1 mobile phone company made several mistakes at its peak, including failure to predict changing customers' needs.In his autobiography, which translates from the Finnish as 'An Impossible Success', Ollila concedes that after 2001 the Finnish company was unable to sustain its role as the main innovator in the wireless industry.
Pentair President and Chief Operating Officer Michael Schrock plans to retire at year's end. Schrock, 60, started at the flow control company in 1998. He became president and COO of the company in 2006, when it was based in Minnesota.
Ford's board of directors has ended a two-day quarterly meeting without issuing a public statement on the future of CEO Alan Mulally. Microsoft Corp. is reportedly considering Mulally as a replacement for CEO Steve Ballmer, who is due to step down next year.
Battery maker A123 Systems said Wednesday that Jason Forcier, the head of its automotive systems business, will become CEO of the company as it reorganizes under new ownership. The company was acquired in a bankruptcy auction by Chinese auto parts conglomerate Wanxiang Group.
Mulally says he's made no changes to his plan to stay at Ford through the end of 2014. But he hasn't denied rumors that Microsoft Corp. is courting him. Ford's board of directors will gather in Dearborn, Mich., starting Wednesday. One of the items on the agenda will be a discussion of Mulally's future at the company.
President Barack Obama's top adviser on environmental and climate issues is leaving. Heather Zichal has been advising Obama for five years and is the architect of his climate change plan. She also advises Obama on energy issues. Zichal plans to leave the White House within a few weeks.
Swartz, once Tyco's chief financial officer, was convicted along with former CEO Dennis Kozlowski on 22 counts of grand larceny, conspiracy, falsifying records and violating business law after prosecutors claimed they gave themselves millions in illegal bonuses and forgiven loans.
Oracle is trying to ward off a shareholder rebellion against policies that have consistently made its billionaire co-founder, Larry Ellison, one of the best-paid CEOs in the world. Oracle Corp. awarded Ellison a pay package valued at $78.4 million in its last fiscal year, down from $96.2 million the previous year.
About 60,000 people have come from all over the world to attend Oracle's biggest customer conference of the year, but Oracle CEO Larry Ellison left no doubt Tuesday that his boating team's defense of the America's Cup is a higher priority.
Nokia Corp. says it will pay outgoing CEO Stephen Elop a compensation package of some $25 million (19 million euros) when he leaves the company to move over to Microsoft. The announcement comes in the wake of Microsoft's plans to buy Nokia's phone business for $7.2 billion, including a portfolio of patents and services.
Jacqueline Hinman has been named chief executive officer of CH2M Hill, making her one of the few women to run a major U.S. engineering firm as the company's revenue continues to soar. Hinman will assume the post Jan. 1 when current CEO Lee McIntire steps down. McIntire will remain chairman of the board.