Ford announces top management changes
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Ford announced several high-level management changes yesterday, including the retirement of two stalwarts, its president Sir Nick Scheele and vice-chairman Allan Gilmour, who played
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DETROIT  -Ford Motor Co.  said on Friday it  would pay veteran aerospace executive Alan Mulally $18.5  million to join the troubled automaker as its new chief  executive in addition to an annual salary of $2 million.
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DETROIT -- Ford Motor Co. plans to expand buyout and early retirement offers to the company's entire U.S. hourly work force of 75,000 as part of a broader restructuring plan aimed at restoring the troubled No. 2 automaker to profitability.
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DEARBORN, Michigan  - Ford Motor Co.  is ahead of where it expected to be in reducing an overhang of excess production capacity at this point in its turnaround effort and has made "encouraging progress" in stabilizing its U.S. market share, a senior executive said on Friday.
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Ford Motor Co. yesterday named Boeing Co. executive Alan Mulally to replace chief executive Bill Ford, great-grandson of the struggling automaker's founder. Bill Ford will become executive chairman.
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DETROIT -- Ford's hourly work force is shrinking to half its current size, following the announcement yesterday that 38,000 hourly workers have agreed to accept early retirement or buyout packages this year.
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Royal Bank of Canada Chief Executive Officer Gordon Nixon replaced three senior bankers and hired the head of the Toronto Stock Exchange, overhauling senior management at Canada&#39;s largest bank after a slump in the US eroded profit.
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Ford Motor Co. F.N, the No. 2 U.S.   automaker, said on Friday it would cut annual costs by about $5   billion by the end of 2008 and reduce salaried staff by   one-third, or 14,000 jobs, as part of an accelerated   restructuring.
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With a new management team in place, the computer maker could be preparing to make changes to some of its core ideals.
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The retailer's CEO steps down amid a shakeup in operations.
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Brackley, England - BAR team chief David Richards is leaving the Formula One team as part of a management shakeup of the English-based racing outfit.
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Christian Streiff, new chief executive of French carmaker PSA Peugeot Citroen, took command of the group and immediately announced a shake-up of the management structure, the company announced.
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Microsoft confirmed&#160;a number of high-level executive changes, moves that could be designed to better position the company to digest an acquisition of Yahoo, an analyst said.In addition to a number of executive promotions, Microsoft announced that Bill Veghte, senior vice president of the Online Services and Windows Business Group; Satya Nadella, senior vice president, Search, Portals and Advertising Group; and Brian McAndrews, senior vice president of Microsoft&#39;s Advertiser and Publisher Solutions Group, are all taking on new responsibilities in running Microsoft&#39;s online services, including Windows Live, Search, and MSN.Microsoft may be positioning Nadella to take on the responsibility of the technical integration of Yahoo if the acquisition happens, said Rob Helm, an analyst at Directions on Microsoft. &quot;Microsoft is anticipating a shift in its online strategy around the purchase of Yahoo, which means, among other things, that they&#39;re replacing people running the old strategy,&quot; he said.If Nadella is being brought in to integrate Yahoo into Microsoft, he doesn&#39;t have the best track record, said Helm. He was the head of the Microsoft Dynamics unit and was charged with integrating a couple of other acquisitions, including Great Plains. &quot;On his watch, relatively little happened in the way of successful integration,&quot; said Helm. However, Nadella had the post for just a year, so perhaps he didn&#39;t have the opportunity to do more, he said.Steve Berkowitz, senior vice president of the Online Services Group, is moving out of a role in Microsoft&#39;s online group. He&#39;ll step down from his position in August, Microsoft said. He plans to stay with the company, but Microsoft did not say in what capacity.Despite these positioning moves, the Yahoo deal is still uncertain, Helm said. &quot;It&#39;s still up in the air, though it seems unlikely that Microsoft would walk away after a bid like this,&quot; he said.Microsoft also said that Andy Lees, who leads marketing for the Server and Tools Marketing and Solutions group, will take over for Pieter Knook as senior vice president of the Mobile Communications Business. Word of Knook&#39;s departure surfaced on Thursday with an announcement from Vodafone that he&#39;d joined the mobile operator.Lees&#39; appointment, as someone with a marketing background, seems to follow a shift in the mobile group toward a focus on consumers, Helm said. Microsoft recently announced plans to buy Danger, a youth-focused mobile software company, and appointed a new marketing executive to target consumers. Pressure from the iPhone, which has done remarkably well in a very brief time, could be driving the shift in strategy for the mobile group at Microsoft, Helm said.Other announcements from Microsoft include news that Brad Brooks will take over for Michael Sievert, who is leaving the company, as corporate vice president of Windows Consumer Product Marketing. Steve Guggenheimer will become corporate vice president of the Original Equipment Manufacturer Division, moving on from a marketing position with Microsoft&#39;s Application Platform effort.
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In a major management shake-up Marks &amp; Spencer have announced that three members of the board are to go, along with a number of senior executives.
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Ford Motor Co. F.N will announce on   Wednesday a massive corporate restructuring that will lower   white-collar costs by 30 percent and include cutting jobs and   benefits, according to the online version of The Wall Street   Journal.
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JP Morgan Chase &amp; Co. on Tuesday shuffled top management at the firm which led to chief financial officer Dina Dublon resigning from the Wall Street giant and investment banking chairman David
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By Anonymous  MIDLAND - Chemical Bank Chairman David B. Ramaker, last month, announced changes to the company's executive management team. In keeping with the bank's retirement policy for senior executives, Brace M.