Freescale CEO and chairman steps down
448086
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.
466669
TechWeb - The No. 1 PC maker is in the midst of a major shake up that started when its Chief Executive Kevin Rollins quit in January.
526696
Ted Leonsis, the AOL senior executive who helped steer his company's transition into a provider of free services supported by advertising, will step down from active management while continuing in an advisory capacity.
687783
The chief executive of the world's biggest listed hedge fund is quitting to focus on private philanthropy.
718451
Freescale Semiconductor Inc. plans to cut at least 1,000 jobs from its worldwide operations, the company said as part of its second earnings report since it went public in July after being spun off from Motorola Inc.
97224
UK mesh pioneer taken out of administration
284117
PeopleSoft Chairman and CEO David Duffield has resigned from the company, effective Dec. 21, according to a filing Tuesday with the US Securities and Exchange Commission.
81402
Yahoo Inc. Chairman Terry Semel stepped down as chief executive in a surprise move Monday, ending his increasingly ineffectual pursuit of online search leader Google Inc. &#151; a losing battle that had demoralized Yahoo's shareholders and employees.
314053
NEW YORK -- The chairman and chief executive of the insurance brokerage giant Marsh &amp; McLennan is stepping down. The company said Monday that Jeffrey Greenberg submitted his resignation and the board accepted it.
587326
Chris Stone, Novell&#39;s vice chairman and a key leader of its transformation into a Linux company, resigned from the company Thursday.
613349
Troubled retailer Sharper Image Corp.   on Tuesday said founder Richard Thalheimer has stepped  down as chairman and chief executive.
18085
SAN FRANCISCO (CBS.MW) -- PeopleSoft Inc. founder Dave Duffield has resigned his posts as chairman and chief executive officer of the Pleasanton, Calif.
394559
Terry Semel stepped down as Yahoo Inc.'s chairman Thursday, severing his ties with the slumping Internet icon 7 1/2 months after he resigned as chief executive under shareholder pressure.
445275
CONRAD Black, the former owner of the Daily Telegraph, yesterday stood down as chairman and chief executive of Hollinger Inc., the Toronto-based holding company which has voting control over newspaper publisher Hollinger International.
730163
Private data-mining software maker scoops up Kevin Thomson, who resigned from Linux maker in July.
657858
SAN FRANCISCO -- Yahoo Inc. (YHOO) Chairman Terry Semel stepped down as chief executive in a surprise move Monday, ending his increasingly ineffectual pursuit of online search leader Google Inc.
363630
PHILIP KNIGHT, the charismatic co-founder of sportswear giant Nike, has decided to step down as chief executive of the company. He will be replaced by William Perez, currently head of SC Johnson &amp; Son, which