Management
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Who might succeed Fed Chairman Ben Bernanke? Former Fed Governor Larry Meyer of MacroEconomic Advisers says Fed Vice Chair Janet Yellen is the most likely.
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DALLAS-- Susan G. Komen for the Cure announced Monday that a physician with a long career in health policy and research will become the breast cancer charity's new president and CEO. Judith A. Salerno will replace Nancy Brinker as CEO of the Dallas- based organization.
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*Third Point's stake in Sony rises to 7 pct from 6.3 pct. TOKYO, June 18- New York- based hedge fund Third Point said it has raised its stake in Sony Corp and urged the Japanese company to create an independent board to run a partially spun-off entertainment arm with Sony's CEO, Kazuo Hirai, as its chairman.
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TALLAHASSEE, Fla.-- Florida's Citizens Property Insurance Corp.' s chief financial officer is stepping down. The state-created insurer announced the resignation of CFO Sharon Binnun on Monday. It said she will be taking a job with a private Florida insurer that hasn't done business with Citizens in its effort to shed policies.
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NEW YORK-- Weyerhaeuser Co., one of the world's largest lumber companies, said Sunday that its board has named Doyle Simons as its new CEO, effective Aug.1. The company also said that it signed a deal to buy Longview Timber LLC. for $2.65 billion from Brookfield Asset Management.
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NEW YORK-- Weyerhaeuser Co., one of the world's largest lumber companies, said Sunday that its board has named Doyle Simon as its new CEO, effective Aug.1. The company also said that it signed a deal to buy Longview Timber LLC. for $2.65 billion from Brookfield Asset Management.
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June 14- Chesapeake Energy Corp shareholders on Friday rejected a proposal that would have made it easier to replace the entire board of directors of the natural gas driller in one step.
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June 14- Chesapeake Energy Corp shareholders on Friday rejected a proposal to declassify the embattled natural gas driller's board of directors, a step that would have made it easier to replace the entire board in one step.
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OAK BROOK, Ill.-- Retail Properties of America Inc. has named the Chief Financial Officer of AvalonBay Communities, Thomas Sargeant, to its board of directors. Retail Properties of America, which went public in April 2012, owns and runs shopping centers in 35 states. The company is based in Oak Brook, Ill..
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VANCOUVER, Wash.-- Nautilus Inc. said Thursday that Linda Pearce, the health equipment company's chief financial officer, has resigned. According to Nautilus, Pearce has taken a new job as chief financial officer for Tillamook County Creamery Association, a large dairy cooperative located in Tillamook, Ore..
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NEW YORK-- News Corp. said Thursday that David DeVoe will retire as chief financial officer at the end of the month after serving as CFO since 1990. The move will occur after the company splits into two on June 28.
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June 13- Marathon Oil Corp said on Thursday that Chairman and Chief Executive Clarence Cazalot will retire Dec. 31 and be replaced by a senior Exxon Mobil Corp executive. Lee Tillman, 51, currently vice president of engineering for Exxon Mobil's development unit, will become Marathon Oil's CEO in 2014, the company said in a statement.
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Lululemon Athletica Inc.' s shares sank again Wednesday following the unexpected announcement that the yoga clothing company's CEO is stepping down. THE SPARK: Lululemon said late Monday that Christine Day will leave the company as soon as it finds a successor.
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The company announced Wednesday that chief financial officer and vice chairman Keith Sherin will run GE Capital, the company's finance division, effective July 1. The move was prompted by the retirement of the current head of GE Capital, Mike Neal, who will stay on as vice chairman of the company until the end of the year.
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NEW YORK-- Mindray Medical International Ltd. has appointed co-founder Cheng Minghe as co-CEO. Mindray also named May Li as chief investment officer and Wang Jianxin as chief administrative officer. Mindray's global headquarters are in Shenzhen, China.
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June 12- General Electric Co on Wednesday tapped Chief Financial Officer Keith Sherin to run its GE Capital unit and help oversee the streamlining of the unit, as the company focuses more on manufacturing. Sherin will replace current GE Capital Chief Executive Officer Mike Neal, who is retiring July 1, the company said.
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NEW YORK-- PetSmart Inc. on Tuesday said board director Gregory P. Josefowicz will take over as chairman following its annual shareholders meeting, slated for Friday in Boston.
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NEW YORK-- Martha Stewart Living on Tuesday named two directors to its board who were selected by J.C. Penney, which has the right to fill the positions based on its ownership of the company's Series A stock. The New York company said Robert Peterson and Michael Zacharia are "Series A Designees" named by the department store chain.
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*Encana shares fall 0.9 pct in down market. CALGARY/ HOUSTON, June 11- Encana Corp named former BP Plc executive Doug Suttles, who played a major role in responding to BP's disastrous 2010 Gulf oil spill, as its new chief executive on Tuesday as Canada's largest natural-gas producer searches for a new course following years of strategic missteps.
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President Barack Obama "essentially fired" Fed Chairman Ben Bernanke in televised remarks this week, former Federal Reserve Governor Laurence Meyer says.
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