NXP's acquisition of Freescale shows that semiconductors are a "consolidating industry," NXP CEO Rick Clemmer said.» Read More
France's third-largest listed bank said that it would also propose that Xavier Musca, currently one of several deputy CEOs, be appointed second executive director. The mutuals are eager to tighten their grip on CASA after it suffered heavy losses on acquisitions in Greece and Portugal that went sour in recent years under Chifflet's leadership.
Feb 24- Rolls-Royce Holdings Plc named Marion Blakey as chief executive of its North America business to replace James Guyette, who will retire in May. Blakey is the CEO of the Aerospace Industries Association trade group. She has also been the administrator of the U.S. Federal Aviation Administration.
PARIS, Feb 24- Credit Agricole said Philippe Brassac, a senior executive at its network of regional mutuals, would become chief executive after Jean-Paul Chifflet's steps down in May. France's third-largest listed bank said that it would also propose that Xavier Musca, currently one of several deputy CEOs, be appointed second executive director.
Stifel Financial's purchase of Sterne Agee is about becoming more relevant to clients, CEO Ron Kruszewski tells CNBC.
SINGAPORE, Feb 24- The CEO of Singapore Exchange Ltd is to step down in June after five and a half years during which the bourse suffered a damaging penny stock crash that hit trading volumes. Singapore is Asia's leading venue for foreign exchange and has seen strong growth in derivatives trading, but the average daily value of shares traded on its exchange has...
A lot of people are going to be looking at what the Fed will do, says Ronald Kruszewski, Stifel Financial CEO.
Feb 23- Co-founder and Chairman Charlie Ergen will return to the helm of Dish Network Corp, which is struggling to stanch subscriber losses, when the incumbent chief executive steps down next month. Joe Clayton, 65, who has been CEO of the second-biggest U.S. satellite TV company since 2011 when Ergen relinquished the post, will retire on March 31.
Darden Restaurants said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.
J. Michael Pearson, Valeant Pharmaceuticals CEO, says his company truly believes in innovation. He says "life would get boring" without deals.
Valeant will buy Salix for about $10 billion in cash. J. Michael Pearson, Valeant Pharmaceuticals CEO, discusses the deal, and the inventory issues at Salix.
Feb 23- Darden Restaurants Inc, the parent of Olive Garden and LongHorn Steakhouse chains, said interim Chief Executive Eugene Lee would take over the job permanently, effective immediately.
ORLANDO, Fla.— Darden Restaurants Inc. has named interim CEO Eugene I. Lee Jr. to the post on a permanent basis. The appointment is effective immediately, the operator of Olive Garden, LongHorn Steakhouse and other restaurants said Monday. Darden, which is based in Orlando, Florida, said that it will now focus its search efforts on finding someone to succeed retiring...
SHEBOYGAN FALLS, Wis.— The former president of Oscar Mayer will become the new CEO at Johnsonville Sausage. The current CEO, Ralph Stayer, has led the privately-owned Sheboygan Falls company for the last 47 years. Nick Meriggioli has spent more than 20 years at Kraft Foods, including the last 10 as president of Oscar Mayer.
Metals and mining companies Grupo FerroAtlantica and Globe Specialty Metals have entered an agreement to combine their businesses.
Feb 23- Dish Network Corp, the second-largest U.S. satellite TV company, said founder and Chairman Charlie Ergen would step in as chief executive when Joe Clayton retires on March 31. Net income attributable to the company rose to $409.9 million, or 88 cents per share, from $288 million, or 63 cents per share, a year earlier. Revenue rose 4 percent to $3.68 billion.
Feb 23- Dish Network Corp said Chief Executive Joe Clayton would retire effective March 31 and be replaced by founder Charlie Ergen.
ENGLEWOOD, Colo.— Dish Network co-founder and Chairman Charles Ergen is returning to the helm of the satellite TV provider as the company faces declining subscribers and a changing pay-TV industry. CEO Joseph Clayton, 64, said Monday he will retire March 31. Ergen co-founded Dish Network in 1980 and has held executive positions including president and CEO...
*Ito has pushed reforms to Honda's supply chain. Such self-inflicted setbacks had been compounded by multi-million-vehicle recalls to replace air bag inflators made by top supplier Takata Corp that have so far been linked to six deaths, all in Honda cars. "I think this move is an attempt by Honda to tread a different course, with someone who upholds harmony," said...
The ensuing years were no easier, as a disappointing launch of the Civic model caused many to question whether Honda had lost its edge. For the past three years, Ito has shaken up Honda's decades-old, tightly-knit supply chain as the automaker sought to trim costs and find more cutting-edge technologies. That has predictably rankled local suppliers, and some...
TOKYO, Feb 23- Honda Motor Co, in an unexpected move, said on Monday that Chief Executive Officer Takanobu Ito would step down in late June, making way for Managing Officer Takahiro Hachigo after six years in the top post. Hachigo, 55, an engineer, joined Honda in 1982 with a career spanning several countries including the United States, China, and Britain.