LG Electronics replaces CFO, creates CPO post
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South Korea's LG Electronics Inc  (066570.KS) on Wednesday announced a broad management  reshuffle, replacing its chief financial and chief technology  officers, scores of vice presidents and creating a new post of  chief procurement officer.
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The head of telecom equipment maker  Ericsson's  Redback Networks unit is leaving his  executive position to become vice chairman of the unit,  Redback's chairman said on Thursday.
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com September 22, 2004, 11:20 AM PT. Royal Philips Electronics announced on Wednesday that the chief of its semiconductor division will step down effective early next year.
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(InfoWorld) - Verisign Chief Financial Officer (CFO) Dana Evan resigned Tuesday, and the company has restated earnings from 2002 to 2005, declaring an additional $160.3 million in stock-option compensation, it said Thursday. Bert Clement, formerly Verisign's senior vice president for finance and controller, has been named the new CFO. The executive change is the company's second resignation in three months. In late May,Â then-CEO Stratton Sclavos resigned, with William Roper Jr. becoming the new president and CEO. The restatement is the result of stock options having been granted irregularly, with incorrect dates, without required documentation, or issue dates and strike prices that had been altered. The company said that an independent investigation found no intentional wrongdoing by Sclavos or Evan. Â
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International Business Machines Corp. and LG Electronics Inc. will end an eight-year alliance that helped expand the US computer maker&#39;s presence in the booming South Korean PC market.
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Monster Worldwide , owner of the world's largest job-listing website, said chief financial officer Lanny Baker resigned and will be replaced by Timothy Yates as part of a management shuffle.
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WASHINGTON -- Four executives of PeopleSoft Corp. were replaced by officers of Oracle Corp., which is working to complete a $10.3-billion acquisition of its business software rival, according to a regulatory filing Thursday.
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Sprint named Dan Hesse, the chief executive of the wireline company Embarq, to the post, effective immediately. He will replace Gary Forsee, who was ousted in October.
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By John Gittelsohn, The Orange County Register, Calif.  Sep. 20--Broadcom's chief financial officer is retiring immediately in  connection with its investigation of stock option awards, the Irvine  semiconductor and telecommunications company said Tuesday.    William J.
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Samsung Electronics Co., the world's largest memory chip manufacturer, has named a new official to take charge of the memory chip division of its semiconductor business.
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Vodafone veteran John Townsend has been named CFO of Verizon Wireless. Townsend replaces outgoing CFO Andy Halford, who is moving to the post of chief financial director at Vodafone.
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Red Hat has appointed its CFO to replace the sudden departure of Kevin Thompson two months ago. Charlie Peters is the new head of finance at the leading Linux distributor and takes the title Executive Vice President and Chief Financial Officer.
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Beverly H. Lorell took a leave from her academic job last year to become chief medical and technology officer for Guidant Corp. The post puts her at the center
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The chief financial officer of Nortel Networks, Peter Currie, who rejoined the company in 2005 to help it recover from accounting problems, will step down on April 30. Nortel, the maker of phone equipment, said it had begun seeking a successor. Mr. Currie decided to pursue other interests, a spokesman, Jay Barta, said. Mr. Currie was chief financial officer from 1994 to early 1997 before leaving to become chief financial officer at the Royal Bank of Canada.
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(InfoWorld) - The executive in charge of the U.S. Federal Bureau of Investigation's criminal investigations division will take over as chief security officer (CSO) of Verizon Communications early next year. Michael Mason, head of the FBI's Criminal, Cyber, Response and Services Branch, will become Verizon's CSO in January 2007, the company said Tuesday. He replaces Jim Trainor, who will retire from the telecommunications giant. A 22-year FBI veteran, Mason oversees the largest branch of the FBI and is the executive responsible for the federal law enforcement organization's criminal, corruption, civil-rights, and cyber-crime investigations. Mason will be in charge of Verizon's overall security efforts, including physical security and cyber security within the company. He will report to Bill Barr, Verizon's executive vice president and general counsel. With more than 62 million customers and nearly 240,000 employees, Verizon is one of the largest carriers in the U.S.
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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 Coulter being reassigned to control West Coast operations.
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First it was the CEO -- now the CFO has left, too. What should shareholders be thinking?