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Leadership Change

All articles tagged with #leadership change

L3Harris CEO Exits After Conduct Probe, Board Reshapes Leadership
business11 days 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
business11 days 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
business15 days 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
technology15 days 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
business23 days 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
business24 days 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
business25 days 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
business28 days 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
local28 days 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
politics29 days 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
business1 month 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
Ukraine reshuffles defense leadership as drones reshape the battlefield
world1 month ago

Ukraine reshuffles defense leadership as drones reshape the battlefield

Ukraine removed its defence minister and commander-in-chief within a week, signaling a strategic shift as Kyiv credits unmanned drone warfare and long-range strikes with slowing Russia’s momentum. The country points to high Russian casualties and a stagnant economy, while noting significant disruption to Russian logistics and energy infrastructure by Ukrainian drones and the SBS unit. Russia retaliates with intensified missile strikes on Ukrainian ports and cities, prompting Kyiv to adjust defense production and supply priorities under President Zelensky’s guidance.

via Al Jazeera|
#drones#leadership-change#russia
Xbox reshapes Arkane with MachineGames co-founder taking the helm
gaming1 month ago

Xbox reshapes Arkane with MachineGames co-founder taking the helm

Xbox is undertaking a leadership reshuffle: Arkane Studios’ president Leonard Bendel resigns while MachineGames co-founder Jerk Gustafsson takes over Arkane’s operations, a move that could signal closer ties or a merger between Arkane and MachineGames. Blade development reportedly continues, even as Microsoft pursues a broader studio reset and cost-cutting that has spurred negotiations and potential restructurings across several studios within its gaming division.

via Windows Central|
#arkane-studios#blade-marvel#gaming