Corporate management

April 17, 2019 - 11:42 am
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...
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FILE - In this Feb. 2, 2019, file photo, Terry Gou, chairman of Hon Hai Precision Industry Co. Ltd., also known as Foxconn, delivers a speech during the company's annual carnival for employees in Taipei, Taiwan. Gou, head of Foxconn, world’s largest electronics supplier, says Wednesday, April 17, 2019, willing to run in Taiwan presidential primary Wednesday, April 17, 2019. (AP Photo/Chiang Ying-ying, File)
April 17, 2019 - 4:08 am
TAIPEI, Taiwan (AP) — Terry Gou, the head of the world's largest electronics supplier, Foxconn, said Wednesday he plans to run for president of Taiwan, bringing his pro-business and pro-China policies to what is expected to be a crowded field for next year's election. Gou announced he would refuse...
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In this undated photo provided by Best Buy, the company's chief financial and strategic transformation officer, Corie Barry, poses for a portrait. Best Buy announced that Barry, 43, will become the company's CEO effective June 11, taking over from current CEO Hubert Joly, who will become executive chairman of the board after stepping down. (Best Buy via AP)
April 15, 2019 - 12:46 pm
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...
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Dennis Muilenburg, chief executive officer of Boeing, speaks at the Forum on Leadership at the George, W. Bush Presidential Center on Thursday, April 11, 2019, in Dallas. (Smiley N. Pool/The Dallas Morning News via AP)
April 11, 2019 - 8:08 pm
DALLAS (AP) — Boeing's CEO says crews have made 96 flights to test a software update for its troubled 737 Max jet and will make more in coming weeks as the company attempts to convince regulators to let the plane fly again. Dennis Muilenburg also said Thursday that the company has met with pilots...
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FILE - In this April 27, 2018 file photo, new Wynn Resort CEO Matthew Maddox speaks to members of the media after a hearing in Boston. Maddox said executive vice president of corporate security James Stern was informed Saturday, April 6, 2019, that the company would "no longer require his services," after he acknowledged spying on employees following allegations of sexual misconduct against company founder Steve Wynn. (AP Photo/Philip Marcelo, File)
April 09, 2019 - 2:46 pm
BOSTON (AP) — Wynn Resorts removed its security chief after he acknowledged spying on a former employee following allegations of sexual misconduct against company founder Steve Wynn came to light. CEO Matthew Maddox said James Stern, the executive vice president of corporate security, was informed...
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Merdian Agustin family of a victim of the Lion Air jet that crashed into the Java Sea talks to journalists during a press conference in Jakarta, Monday, April 8, 2019. More families of victims of the Lion Air crash in Indonesia are suing Boeing Co. after its chief executive apologized last week and said a software update for the MAX 8 jet would prevent further disasters. (AP Photo/Achmad Ibrahim)
April 08, 2019 - 8:38 am
JAKARTA, Indonesia (AP) — More families of victims of the Lion Air crash in Indonesia are suing Boeing Co. after its chief executive apologized and said a software update for the MAX 8 jet would prevent further disasters. Family members and lawyers said Monday that CEO Dennis Muilenburg's comment...
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FILE - In this July 5, 2018 file photo, Cho Yang-ho, the chairman of Korean Air Lines Co., arrives for hearing to review the prosecution's request for an arrest warrant on charge of embezzlement at the Seoul Southern District Court in Seoul, South Korea. Korean Air says on Monday, April 8, 2019, its chairman, Cho Yang-ho, has died in the United States because of an unspecified illness. (AP Photo/Ahn Young-joon, File)
April 08, 2019 - 8:31 am
SEOUL, South Korea (AP) — Korean Air's chairman, whose leadership included scandals such as his daughter's infamous incident of "nut rage," has died due to illness, the company said Monday. Cho Yang-ho had been indicted on multiple charges, including embezzlement and tax evasion, and his death came...
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In this photo released by Nissan Motor Co., Nissan Chief Executive Hiroto Saikawa, center, speaks at the company's shareholders' meeting in Tokyo Monday, April 8, 2019. Nissan shareholders approved on Monday the ouster from the Japanese automaker's board former Chairman Carlos Ghosn, who faces allegations of financial misconduct. (Nissan Motor Co. via AP)
April 08, 2019 - 5:31 am
TOKYO (AP) — Nissan's shareholders ousted the automaker's former chairman Carlos Ghosn from its board on Monday, seeking to shut the door on an era capped by scandal. More than 4,000 people gathered at a Tokyo hotel for a three-hour extraordinary shareholders' meeting and signaled their approval...
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April 03, 2019 - 7:15 pm
SACRAMENTO, Calif. (AP) — A troubled California utility has named a new chief executive and board members amid a bankruptcy proceeding. Pacific Gas & Electric Corp. announced Wednesday it has chosen Bill Johnson as its president and named 10 new directors to its board. Johnson was most recently...
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April 02, 2019 - 3:04 am
PARIS (AP) — French carmaker Renault SA's board is holding a special meeting to discuss the latest results of its internal investigation into ex-boss Carlos Ghosn, amid new reports about suspicious payments under his watch. A Renault official told The Associated Press that the board meeting...
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