Items tagged with CEO

In what is being deemed as a "leadership transition," Brian Dunn has stepped down as chief executive officer and director of Best Buy. Director G. Mike Mikan will assume the role as CEO on an interim basis until a permanent replacement is found, Best Buy announced. "There were no disagreements between Mr. Dunn and the company on any matter relating to operations, financial controls, policies, or procedures," Best Buy said. "There was mutual agreement that it was time for new leadership to address the challenges that face the company." Image Source: Flickr (roblawton) News of Dunn's departure can't... Read more...
Although it came as no shock, Samsung Electronics announced today that it has officially spun off its display business into a new corporation called Samsung Display Co., Ltd, with operations under the new arrangements beginning tomorrow. At the moment of its birth, Samsung Display became the world’s largest display manufacturer, with 20,000 employees, five factories, and $20 billion (USD) in revenue last year. The lucky CEO of the new corporation is Donggun Park, who put in his time at the company by previously heading up Samsung’s LCD business. The press release announcing the change... Read more...
HP CEO Meg Whitman is expected to announce a major shift in its business structure today. Henceforth, the Personal Systems Group (PSG), which includes consumer PC sales, and the Image and Printing Group (IPG) will be combined into a single business structure. The move is a curious one, given that it combines what's typically been one of HP's star earners (IPG) with the low-margin / huge volume PC group. As part of the deal, longtime HP executive Vyomesh Joshi is expected to seek more time with his family; the combined unit will be headed by HP vice president Todd Bradley. When HP announced its... Read more...
When AMD held its Analyst Day a few weeks ago, the company focused on how it was fundamentally changing its approach to semiconductor research and product development. Years of attempting to compete with Intel drained company coffers and exposed it to tremendous competitive pressure. Consumers unquestionably profited -- Intel's prices for various parts dropped dramatically in the early 2000s as AMD entered specific markets -- but Sunnyvale took a ferocious beating in the process. Forbes has published a major article on the company's turbulent last few years and current plans. It credits Dirk Meyer... Read more...
The hard drive shortage, Oracle's assault on Itanium, and highly competitive scenarios in its ink-and-printer business combined to kneecap HP's earnings this last quarter. The company's net revenue fell seven percent, to $30 billion, while overall margins dropped to just 6.8 percent -- a decline of 3.7 percentage points. The steep decline in revenue was driven by a number of factors. Personal computing sales were down 15% year-on-year, imaging sales fell 7%, and enterprise server product revenue was down 10%. On the upside, HP's services business, software revenue, and finance division all grew... Read more...
Following the tragic news that Micron's CEO since 1994 perished late last week in a plane crash, the company has now promoted D. Mark Durcan as Chief Executive Officer. Mr. Durcan will also serve as a Director on Micron's Board of Directors. Mark has been the company's CTO in the past, making it a natural step-up. It's surely a bittersweet moment, taking charge of the company that has made his career, but under such awful circumstances. The Board of Directors also announced the appointment of Director Robert E. Switz as Chairman of the Board and Mark W. Adams as President. Mr. Switz has served... Read more...
Micron has grown to become one of the world's leading providers of advanced semiconductor solutions, and a lot of the company's success is due to the leadership of Steve Appleton. On Friday, the company's CEO perished in a plane crash at the age of 51. Mark Durcan, Micron President and Chief Operating Officer, said the following: "Steve was a true friend who will be dearly missed by all of us. Our thoughts and prayers are with his family and our team members as we all grieve this tragic loss." Pursuant to the Company's bylaws, Mr. Durcan, in his role as president of the company will assume the... Read more...
Maybe brand new Sony CEO Kazuo Hirai is rethinking his decision to take the reins of legendary Japanese electronics maker; a day after announcing its new CEO, Sony delivered its financials for the quarter October-December 2011, and the results were less than stellar. The company lost $2.1 billion in the quarter and predicts losses $2.9 billion for the year through March, according to a Reuters report; there was no Christmas miracle for Sony’s sales. Worse, the loss caps off a fourth straight year of red ink for Sony. Certainly, there are causes that are mostly outside of the company’s... Read more...
Sony has a new lead man. Howard Stringer will be heading out (probably to play a few rounds of golf), while long-time Sony exec Kazuo Hirai will take over as Sony's President and Chief Executive Office. Sir Howard won't be leaving entirely; he'll be moving over to become Chairman of the Board of Directors in June. The move isn't entirely unexpected, as Kaz has been playing a larger role in the company for some time now. Mr. Stringer recommended to the Sony Board of Directors that Mr. Hirai, currently Executive Deputy President, be his successor as President and CEO. Mr. Stringer will continue as... Read more...
Well, this is strange. But not entirely unexpected. Rumors had intensified in the last few days that HP was getting ready to switch CEOs for the second time in a year, and those rumors were just put to rest. Because they're true. In September of last year, former CEO of SAP, Léo Apotheker, was chosen to lead HP after the Mark Hurd scandal. Now HP has a whole different kind of scandal to worry about. A scandal involving shaky leadership and questionable decisions. Today, Meg Whitman (the former CEO of eBay) was named President and Chief Executive Officer of HP, while Ray Lane was appointed... Read more...
It's official, we're in the wrong business. Don't get us wrong, playing with the latest hardware and sharing our experiences with our awesome reader base is a blast, and there aren't many things we'd trade this gig for. Being CEO of Apple is one of the few exceptions. Don't take it personal if you're a die hard Windows user, it's just that when a company offers a million shares of stock worth well over a quarter of a billion dollars, who would refuse the job? Not Tim Cook, who accepted the gig before we could submit our resume, and is now worth $390 million more than he was before he stepped in... Read more...
There's tons of talk surrounding Apple right now, and for good reason. The man who directed a huge amount of Apple's comeback story has stepped aside as CEO, and there are plenty of unanswered questions moving forward. But it's important to note a few things. First, Tim Cook has been a monumental figure at Apple during Steve Jobs' periods of leave. He has been right there beside Jobs in the decision-making processes, and this whole "leader" thing won't be foreign for him. But potentially even more important is this: Jobs isn't leaving Apple. He's still employed there. He's the head of the Board... Read more...
In the wake of Steve Jobs' departure, Apple is probably going to have a rough couple of days, but one can't but chuckle at the irony of the former CEO's timing. Apple has a long history of doing things in a way that surpasses their competition and Jobs' announcement handily surpasses HP's decision to abandon tablets and PCs. HP, after all, is just a company. Jobs is an institution. At least, that's how he's seen. Not only is it nearly impossible to discuss Jobs without resorting to the gratuitous use of superlatives, it's equally difficult to discuss Apple without mentioning Steve. It's a mistake,... Read more...
In the span of mere days, Google announced its intentions to acquire Motorola Mobility, HP halted webOS and PC production, and the TouchPad went on a fire sale at just $99. Now, Steve Jobs is stepping down as Apple's CEO. August has surely been a shocking month for the tech world. In fact, the news from Cupertino was so shocking, Apple's publicly traded stock was halted in after-hours trading. The assumption is that there will be a massive sell-off now that Jobs isn't at the helm, but at least the stop will allow people to digest news and figure out what's next for the company. Jobs has been "on... Read more...
Prev 1 2 3 4 5 Next