RBC Centura announces leadership change
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Scott Custer has been named RBC Centura Banks Inc.&#39;s chief executive officer, succeeding Kel Landis, who is retiring from the Rocky Mount-based regional bank.
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In a Feb. 3 story about management changes at Carrefour SA, The Associated Press reported erroneously the first name of the group's new chief executive. The correct name is Jose Luis Duran, not Juan-Luis Duran.
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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.
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Luc Vandevelde resigned as chairman of Carrefour SA in a shakeup that followed the disclosure that two new shareholders had acquired a nearly 10 percent stake in the world's second largest supermarket retailer.
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Royal Bank of Canada, the country&#39;s largest bank, named TSX Group Inc. Chief Executive Officer Barbara Stymiest to a new position of Chief Operating Officer, part of a reorganization that includes replacing three senior executives.
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Anglo-Australian mining giant Rio Tinto has said that Tom Albanese, the group's resources director, would become chief executive next year.
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The Ottawa Senators, shaking up their top tiers of management after losing badly in the final of the Stanley Cup, on Friday named club insider John Paddock as the new head coach.
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LONDON, October 7  - Volkswagen AG (VOW.ETR) has appointed Wolfgang Bernhard, a former Chief Operating Officer at DaimlerChrysler&#39;s Chrysler unit, to turn around the sales of the Volkswagen brand, which accounts for half of the company&#39;s
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The three leading orchestras of this major music capital are now going through changes in artistic leadership.
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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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CEO Mark Hurd takes over chairman's post as Patricia Dunn resigns from a board grappling with scandal.
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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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Commerce Bancorp Inc.  announced on Friday the sudden departure of Chairman and Chief Executive Vernon Hill and said it agreed with federal regulators on governance changes after coming under fire for doing business with his family and other insiders.
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Alcatel-Lucent&#39;s head of enterprise systems, Hubert de Pesquidoux, will take on the role of chief financial officer as part of a management shake-up intended to streamline decision-making. The company has suffered from lackluster performance since its formation from the&#160;merger of Alcatel and Lucent Technologies&#160;last December.CEO Patricia Russo announced the changes Wednesday, at the same time&#160;outlining a three-point plan for restoring the company to profitability. The company also reported a third-quarter loss of &#8364;345 million ($492 million) on revenue of &#8364;4.35 billion.Russo will in future be advised by panel of seven senior executives, down from 11 before. Just two of them are former Lucent employees: Cindy Christy, who will add Central and Latin America to her existing responsibility for North American sales, and John Meyer, head of services, a role he held at Lucent.The merging of North America with Central and Latin America in Alcatel-Lucent&#39;s sales structure is part of a broader move to simplify the way the company sees the world, splitting it into just two regions: the Americas, and the rest.Former CFO Jean-Pascal Beaufret is &quot;leaving the company to pursue other opportunities,&quot; but will remain for a short period as he hands over to de Pesquidoux. It wasn&#39;t immediately clear if de Pesquidoux would also remain head of the enterprise systems group or if Alcatel Lucent would seek someone else.De Pesquidoux, a former merchant banker, is also part of the new management team. He used to run Alcatel&#39;s North American operations before taking over the merged company&#39;s enterprise systems division. Although enterprise systems is the smallest of the company&#39;s business units, contributing just &#8364;380 million of its &#8364;4.35 billion revenue last quarter, it is the best performing, with an operating profit margin of 7.6 percent.The remaining members of the management team are Chief Technology Officer Etienne Fouques, head of human resources and communications Claire Pedini, carrier business group head Michel Rahier, and Frederic Rose, who heads up the company&#39;s business in Europe, the Middle East, Africa, and Asia Pacific.Rahier will oversee one of the biggest changes in the company&#39;s product structure, as it eliminates the layer of management that divided the carrier business group into separate wireless, wireline and convergence teams.Other changes ahead for the company include a tighter focus on products to help carriers transform their networks to an all-IP (Internet Protocol) infrastructure, a move from products to value-added services, and a more streamlined organization with fewer staff in support functions to eliminate post-merger duplication.Pedini&#39;s role in human resources is particularly significant as the company prepares to shed a further 4,000 jobs by 2009, having already cut 3,800 in the first half of this year. Her approach is likely to focus on the numbers -- the company hopes the job cuts will save it a further &#8364;400 million -- rather than the people, as she worked for four years as Alcatel&#39;s deputy CFO, only taking on the role of vice president of human resources and communications in January 2006.This article was updated with new information on October 31, 2007.
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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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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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The Royal Bank of Canada said it plans to drop the Centura name from its United States banking unit.