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Leadership Change

All articles tagged with #leadership change

Blackstone Real Estate Chief Meghji to Depart as Internal Pair Takes Helm
business1 month ago

Blackstone Real Estate Chief Meghji to Depart as Internal Pair Takes Helm

Nadeem Meghji, Blackstone's Global Head of Real Estate, is leaving after nearly two decades with the firm. He joined during the 2008 downturn and becomes the sole real estate head after Kathleen McCarthy's departure last year. Blackstone will elevate two internal leaders—David Levine and Giovanni Cutaia—to co-lead the real estate business, signaling continuity. Meghji previously led a major push into data centers, a sector Blackstone has aggressively expanded, with about $140 billion in data-center assets globally and a roughly $608 billion global real estate portfolio overseeing around 800 professionals.

via Bisnow|
#blackstone#business#data-centers
FedEx Freight parts ways with chief commercial officer after internal probe
trucking1 month ago

FedEx Freight parts ways with chief commercial officer after internal probe

FedEx Freight fired Mike Lyons, its chief specialized services and commercial officer, after an internal investigation found conduct that violated the company’s Code of Conduct. Lyons, who led commercial strategy and customer experience and had 19 years with FedEx, will have his duties reassigned while the carrier searches for a replacement.

via freightwaves.com|
#chief-specialized-services#commercial-officer#fedex-freight
L3Harris CEO Exits After Conduct Probe, Board Reshapes Leadership
business1 month ago

L3Harris CEO Exits After Conduct Probe, Board Reshapes Leadership

L3Harris Technologies announced that Chairman and CEO Christopher Kubasik has stepped down after an investigation into conduct inconsistent with the company’s values. The separation is unrelated to financials or operations; Sam Mehta was named president and CEO and joined the board, with lead independent director Lewis Hay III becoming independent chairman. Kubasik also resigned from the board, and the leadership changes took effect immediately.

via 13wham.com|
#business#christopher-kubasik#independent-counsel
L3Harris fires CEO after independent probe into subordinate relationship
business1 month ago

L3Harris fires CEO after independent probe into subordinate relationship

L3Harris says its board ousted CEO Chris Kubasik after an independent investigation found conduct inconsistent with the company's code of conduct, with the probe conducted by an outside firm; Kubasik previously was fired by Lockheed Martin in 2012 over a similar issue involving a relationship with a subordinate, and his ouster comes after he helped merge L3 and Harris and led the combined company.

via Semafor|
#business#chris-kubasik#corporate-governance
OpenAI shakes up leadership as CRO exits and Brockman expands his team
business2 months ago

OpenAI shakes up leadership as CRO exits and Brockman expands his team

OpenAI is reshuffling leadership as Denise Dresser departs after helping fill in for senior roles; Greg Brockman is expanding his oversight with new hires, including Rajic to accelerate growth and Joy Jiao promoted to Head of Life Sciences, while the company doubles down on enterprise AI adoption, reporting a 32% July rise in business-revenue and aiming for enterprise clients to account for about half of total revenue by year-end.

via Axios|
#business#denise-dresser#enterprise-ai
Google’s AI Reorg Signals a Strategic Pivot, Not an End to Frontier Ambition
technology2 months ago

Google’s AI Reorg Signals a Strategic Pivot, Not an End to Frontier Ambition

The Verge’s Decoder unpacks Google’s shock DeepMind shakeup, with Demis Hassabis moving to a broader role as chairman and Jeff Dean leaving to launch a cloud-backed lab, signaling a shift from pure frontier research to productization and Cloud revenue. Analysts warn culture and brain drain could slow Google’s pace against OpenAI and Anthropic, even as Google benefits from scale, data, and widespread consumer/audience reach. The conversation weighs whether Google can still win the AI race by blending enterprise and consumer products or risks falling behind while selling capacity to rivals.

via The Verge|
#ai#deepmind#google
Flutter misses earnings, replaces CEO as FanDuel strategy pivots
business2 months ago

Flutter misses earnings, replaces CEO as FanDuel strategy pivots

Flutter Entertainment missed Q2 earnings estimates and cut its full-year U.S. EBITDA guidance by 22% to $760 million, announcing CEO Peter Jackson will depart at quarter’s end with Dan Taylor taking over Flutter’s international business on Oct. 1. The company plans about $270 million in additional U.S. EBITDA investment in H2 2026 to boost FanDuel through better rewards, promotions and protections, as FanDuel’s U.S. market share slips. Shares fell about 13% after the announcement, while Flutter pushes a pivot to revive FanDuel and restore momentum ahead of 2027.

via cnbc.com|
#business#dan-taylor#earnings-miss
Lucid pivots to a robotaxi push after Q2 miss and delays midsize car to 2027
business2 months ago

Lucid pivots to a robotaxi push after Q2 miss and delays midsize car to 2027

Lucid Group posted a Q2 miss as it launches an operational reset under new CEO Silvio Napoli, suspending 2026 guidance, cutting costs, and delaying its midsize vehicle to likely the second half of 2027. The company plans a robotaxi program with Uber and Nuro using Gravity-based prototypes, aiming for non-prototype production next year and about 100 preproduction Gravity units this year. Second-quarter results showed a net loss exceeding $1B and an adjusted loss of $3.30 per share on $405 million in revenue, with production of 4,774 vehicles and deliveries of 3,953. Lucid has roughly $3 billion in liquidity, providing runway into 2027 as it works to lower costs and refocus its strategy.

via CNBC|
#business#earnings#electric-vehicles
McDonald's taps Skye Anderson to helm U.S. operations
business2 months ago

McDonald's taps Skye Anderson to helm U.S. operations

McDonald’s has named Skye Anderson, a 26-year veteran who previously led Global Business Services and most recently served as COO of McDonald’s USA, as president of its U.S. business, succeeding Joe Erlinger (who will advise through early 2027). Anderson previously led the U.S. West Zone, delivering more than 30% same-store-sales growth and about $100,000 higher per-unit cash flow. The company posted a Q2 earnings beat but revenue missed estimates, with U.S. same-store sales up 0.8% and traffic down, as it pushes a growth plan focused on menu innovation, value, and redesigned restaurants.

via CNBC|
#business#earnings-beat#leadership-change
Best Buy's Growth Play: Tiny Stores, Big AI Ambitions Under New CEO
business2 months ago

Best Buy's Growth Play: Tiny Stores, Big AI Ambitions Under New CEO

New Best Buy CEO Jason Bonfig plans a growth strategy centered on smaller-format stores (12k–15k sq ft, with examples around 18k and 28k) to expand reach and improve the customer experience, signaling a shift toward an AI-enhanced, human-powered retail model. Two new locations opened in Jonesboro, AR and Cape Cod, MA as proof of concept before Bonfig takes the helm this fall; the plan supplements—not replaces—existing larger stores, and comes as the company navigates currency tariffs, memory-chip costs, and a Covid-era demand lull, with FY sales expected to be roughly flat to up or down 1%.

via CNBC|
#ai#best-buy#business
Boston Overhauls Streets Cabinet Leadership After Cyclist's Death
local2 months ago

Boston Overhauls Streets Cabinet Leadership After Cyclist's Death

Boston Mayor Michelle Wu is reshaping the Streets Cabinet after cyclist Louisa Gag's death, replacing interim chief Nick Gove with bike-advocate Chris Osgood and naming Tali Robbins interim chief of staff for the cabinet. Gove returns to deputy chief of streets with expanded oversight as an advisory group reviews cabinet structure. Wu also presses ahead with safety projects and a Blue Hill Avenue bus-lane plan, amid ongoing community feedback and criticism over pace of street safety improvements.

via WBUR|
#bike-safety#boston#leadership-change
Seattle Mayor Fires Police Chief Amid Criticism Over Mass Shooting Response
politics2 months ago

Seattle Mayor Fires Police Chief Amid Criticism Over Mass Shooting Response

Seattle Mayor Katie Wilson reportedly removed Police Chief Shon Barnes after mounting criticism over his absence from the city and the department’s slow public response to the Bite of Seattle mass shooting; Barnes left a vigil for victims and faced questions about residency and travel, with a Black community–led protest planned at Seattle City Hall as the department enters another leadership transition.

via foxnews.com|
#bite-of-seattle#katie-wilson#leadership-change
Cracker Barrel pivots to core brand as turnaround gains momentum
business2 months ago

Cracker Barrel pivots to core brand as turnaround gains momentum

Cracker Barrel's comeback picked up speed after selling most of Maple Street Biscuit Company and closing 16 locations, plus a sale-leaseback to reduce debt and sharpen focus on the Cracker Barrel brand; CEO Julie Masino will step down in August with David Deno stepping in, as the company raises its fiscal-year profitability outlook and momentum builds despite sales staying slightly below last year.

via Fox News|
#business#cracker-barrel#leadership-change