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Leadership Changes

All articles tagged with #leadership changes

Lucid Slashes 18% of Workforce Under New CEO as Cosmos Push Looms
business19 days ago

Lucid Slashes 18% of Workforce Under New CEO as Cosmos Push Looms

Lucid Motors is cutting about 1,500 jobs (18%) and eliminating a second production shift at its Casa Grande, AZ plant as part of a broad restructuring under new CEO Silvio Napoli. The move follows a 12% layoff earlier this year and underscores ongoing demand and execution challenges in a cooling US EV market. The company expects roughly $158 million in annualized savings (with about $32 million in severance) and is banking on its Cosmos SUV to restore profitability, as leadership turnover continues to unfold.

via Electrek|
#business#casa-grande-factory#cosmos-suv
Excess on the Runway Amid Debt and Leadership Shakeups at D&G
business21 days ago

Excess on the Runway Amid Debt and Leadership Shakeups at D&G

Dolce & Gabbana staged a high-glamour Milan menswear show focused on excess to deflect from a £391m debt and management upheavals, marking the first show since Stefano Gabbana’s resignation as chair; the brand is weighing sale-and-leaseback of properties as it navigates a weak luxury market, while Paul Smith later highlighted a trend toward relaxed tailoring.

via The Guardian|
#business#debt#dolce-and-gabbana
Nick Bilton Named Head of 60 Minutes as CBS News Revamps Its Flagship
media1 month ago

Nick Bilton Named Head of 60 Minutes as CBS News Revamps Its Flagship

CBS News appoints Nick Bilton, a documentarian and former NYT technology columnist, as the new executive producer of 60 Minutes, replacing Tanya Simon; the move comes amid broader changes at the show, including Cecilia Vega’s exit and Sharyn Alfonsi’s contract not renewed, as editor-in-chief Bari Weiss reshapes the series’ leadership and editorial direction.

via nbcnews.com|
#60-minutes#bari-weiss#cbs-news
Xbox revamps leadership, taps Matthew Ball as chief strategy officer
technology1 month ago

Xbox revamps leadership, taps Matthew Ball as chief strategy officer

Microsoft's Xbox appoints Matthew Ball as chief strategy officer and Scott Van Vliet as chief technology officer under new boss Asha Sharma, part of a broad leadership overhaul aimed at strengthening the console business and accelerating product development ahead of the Xbox Games Showcase 2026; Ball, who has warned that games face an 'attention war' against tech platforms such as gambling, crypto and adult content, will focus on the console strategy.

via Eurogamer|
#asha-sharma#leadership-changes#matthew-ball
Nintendo veteran Tezuka to retire from executive role as leadership shuffle continues
technology2 months ago

Nintendo veteran Tezuka to retire from executive role as leadership shuffle continues

Takashi Tezuka, a longtime Nintendo developer behind Mario and other franchises, is retiring from his role as an executive officer; it’s not yet clear whether he’ll leave Nintendo entirely. Tezuka has been with Nintendo since 1984 and contributed to series such as The Legend of Zelda, Animal Crossing, and Pikmin. Nintendo also announced the retirement of three directors, with Yutaka Takenaga and Chika Saka expected to become new directors subject to shareholder approval, as part of its latest financial results.

via Nintendo Everything|
#financial-results#leadership-changes#mario
Xbox Overhauls Leadership as Copilot Wind-Down Reshapes Strategy
technology2 months ago

Xbox Overhauls Leadership as Copilot Wind-Down Reshapes Strategy

Xbox chief Asha Sharma announces a leadership overhaul and begins winding down Gaming Copilot on consoles and mobile, stating the move to speed and community alignment. New CoreAI veterans are joinsm and existing leaders shift roles to sharpen focus on hardware, content, experiences, and services, as Microsoft aims to strengthen Game Pass and expand into new markets.

via GamesIndustry.biz|
#asha-sharma#coreai#gaming-copilot
Donovan exits Bulls after six-season run as front-office reshuffle begins
sports2 months ago

Donovan exits Bulls after six-season run as front-office reshuffle begins

Billy Donovan has stepped down as Chicago Bulls head coach after six seasons, opting not to exercise his contract option as the club begins a broader front-office overhaul led by a new Head of Basketball Operations. Donovan said the decision would let the new leader build out the staff; he finishes with a 226-256 record and one playoff appearance. The Bulls are now conducting a GM search and will hire a coach under the new leadership.

via NBC Sports|
#billy-donovan#chicago-bulls#coaching
Microsoft quietly ends 'This Is an Xbox' campaign as leadership shake-up signals new Project Helix era
technology4 months ago

Microsoft quietly ends 'This Is an Xbox' campaign as leadership shake-up signals new Project Helix era

Microsoft has quietly scrapped its 'This is an Xbox' marketing campaign following a leadership reshuffle, with Phil Spencer and Sarah Bond exiting and Asha Sharma taking over, and a 404 page and empty Xbox tag page point to the campaign's demise as the company advances Project Helix for the next-gen Xbox.

via Eurogamer.net|
#leadership-changes#marketing#microsoft
Disney Experiences Announces Global Leadership Shake-Up
business4 months ago

Disney Experiences Announces Global Leadership Shake-Up

Disney Experiences named Thomas Mazloum incoming Chairman as Josh D’Amaro shifts to CEO of The Walt Disney Company. Mazloum will lead a portfolio including parks, cruises, and Imagineering, with Jill Estorino as President, Disneyland Resort; Tasia Filippatos as President, Disney Parks International; and Lisa Baldzicki as President, Disney Consumer Products, reporting to Mazloum. Transitions take effect March 18, 2026.

via The Walt Disney Company|
#business#disney-experiences#disney-parks-international
Kyndryl Stock Tumbles 55% on Accounting Review and Leadership Shakeup
market-news5 months ago

Kyndryl Stock Tumbles 55% on Accounting Review and Leadership Shakeup

Kyndryl’s shares plunged about 55% after the company disclosed an internal accounting review, delays to regulatory filings and material weaknesses in internal controls; it also announced major leadership changes, naming Harsh Chugh interim CFO and Bhavna Doegar interim corporate controller as longtime finance leaders exited. Third-quarter revenue rose 3% to $3.86 billion and adjusted EPS was $0.52, both below expectations. Analysts maintain a Hold rating with a $28 price target, though outlook could shift after the news.

via TipRanks|
#accounting-issues#internal-controls#kd
Walmart Stock Dips Amid Broad Leadership Shakeup
market-news5 months ago

Walmart Stock Dips Amid Broad Leadership Shakeup

Walmart's shares declined after a sweeping leadership reshuffle that includes John Furner replacing Doug McMillon as CEO on Feb. 1 and Chris Nicholas becoming President and CEO of Walmart International. The moves also elevate Seth Dallaire to EVP and Chief Growth Officer, name David Guggina as President and CEO of Walmart U.S., and promote Latriece Watkins to President and CEO of Sam’s Club U.S. as the company centralizes platforms amid AI-driven changes. Despite the leadership moves, Walmart highlighted solid international growth (11.4% in constant currency) in Q3, while TipRanks shows a Strong Buy consensus with a target around $126, signaling cautious investor sentiment to the upheaval.

via TipRanks|
#international#leadership-changes#market-news