Lego CEO resigns after profit warning
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COPENHAGEN Predicting a full-year loss, the Danish toy maker Lego said Thursday that its chief executive had resigned as the company had yet to recover from a financial crisis.
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Telecoms equipment group Ericsson's chief financial officer has stepped down, a week after a shock profit warning which caused a massive selloff in the company's shares.
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Description: Fannie Mae&#39;s Franklin Raines retires as CEO, and Timothy Howard resigns as CFO of the mortgage giant. This comes a few weeks after the Securities and Exchange Commission told Fannie Mae to restate
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Airbus chief Gustav Humbert has resigned  from his position, the company said on Sunday.
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The boss of packaging company Amcor has quit his post amid a growing scandal over allegations of price-fixing. Amcor said chief executive Russell Jones - along with top divisional head Peter Sutton - had both resigned.
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The chief executive of Jarvis, the embattled engineering and construction firm, resigns.
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By HARRY R. WEBER  ATLANTA - The head of the Cartoon Network resigned Friday following a marketing stunt that caused a terrorism scare that shut down bridges and roadways in Boston and led police to call in the bomb squad.
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The CEO's resignation likely means more trouble ahead.
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CEO faces Wall Street AMD today smacked investors with a sales warning.â¦
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Philip H. Knight, the brash founder of Nike who became as synonymous with the sneaker brand as its swoosh logo, resigned yesterday as chief executive after more than 32 years at the helm.
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Northern Rock said Thursday that chief executive Adam Applegarth, who had previously announced his resignation, had left the company.
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Departing CEO cites differences with Chairman Barry Lam over contract manufacturer's stratgeic direction.
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Freescale Semiconductor Chairman and CEO Michel Mayer will leave his posts as soon as a replacement is found, the company said Friday.&quot;The time is right for me and my family to take some time off before exploring new challenges. The company is well positioned to continue its transformation,&quot; Mayer said in a statement.Freescale officials didn&#39;t respond to requests for comment.Mayer led the company when it spun off from Motorola&#39;s semiconductor group and went public in 2004. He also played a role in Freescale&#39;s buyout by four private equity firms in 2006 for $17.6 billion. The equity firms included The Blackstone Group, The Carlyle Group, Permira Funds and Texas Pacific Group.However, the company has been struggling financially, posting a loss of $525 million on sales of $1.54 billion in the fourth quarter of 2007. For 2007, the company reported a loss of $1.6 billion on net sales of $5.7 billion. Freescale&#39;s sales totaled $6.36 billion in 2006.The company&#39;s key customer remains Motorola, to which it sells chips for wireless handsets, networking infrastructure and other devices such as set-top boxes. Motorola, which is struggling financially and saw a management shakeup in recent months, is considering spinning off its handset business. Ed Zander announced in December that he would step down as Motorola&#39;s CEO.
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The head of Swiss-Swedish engineering group ABB quits after a clash over the firm's strategy.
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The chief executive and chief financial officer of America's largest mortgage company resign after accounting irregularities are uncovered.
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The head of Hollywood Entertainment Corp.'s abruptly resigned a day after Blockbuster Inc. announced a hostile bid of nearly &#36;1 billion for its smaller movie rental rival, which has already agreed to be acquired for less by a third rental industry player, Movie Gallery Inc.
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R. David Martin, the chief financial officer of Action Performance Cos., abruptly resigned Friday, as the Tempe-based company said it wanted to go in a different direction.