World Business Briefing: Switzerland: Ciba Executive Is Leaving
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Ciba Specialty Chemicals Holdings said that its chief financial officer, Michael Jacobi, would leave and that it had named an executive from Dow Chemical as his successor. Mr. Jacobi, who is 53, plans to step down in March to Âpursue a new career path,Â the company said. ÂI have been doing this for 10 years, and I think itÂs time for a change,Â Mr. Jacobi said. Ciba said Mr. Jacobi would be succeeded by Juerg Fedier, 51, a executive of DowÂs European operations.
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Jean-Paul Gut, the chief operating officer of EADS, quit on Monday, adding further turmoil to the companyâs top management one week before the Paris air show.
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Manfred Bischoff, the German co-chief of EADS' supervisory board, is to step down early next year.
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Commerce Bancorp announced Friday that its chairman and chief executive, Vernon W. Hill II, would leave and that it had settled two federal regulatory inquires involving him.
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NEW YORK/ZURICH  - UBS AG  , Switzerland's largest bank, in a surprise move on Thursday replaced Chief Executive Peter Wuffli with his deputy, Marcel Rohner, and said Wuffli would leave the company.
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Commerce Bancorp Inc.  on Friday announced the sudden departure of Chairman and Chief Executive Vernon Hill and said it had agreed with federal regulators on governance changes after coming under fire for its business dealings with insiders.
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Citigroup has replaced Catherine Weir, its top official in China, with Richard Stanley, reversing a management reorganization made six months ago.
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Citigroup, which recently acquired a majority stake in the Nikko Cordial Corporation, said Brandon Ginsberg had resigned as co-head of equities at its Japanese investment bank. Mr. Ginsberg has already left, said Masufumi Yoshino, head of corporate communications at Nikko Citigroup in Tokyo. No further details were available. The departure is the second change of senior managers at the unit since Citigroup bought 61 percent in April.
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Commerce Bancorp Inc. , under fire for its business dealings with insiders, on on Friday said that Chairman and Chief Executive Officer Vernon Hill is leaving the company, and that it has settled two federal regulatory probes.
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Citigroup Inc., the financial services giant, said yesterday that it was removing three senior executives in the wake of a banking scandal in Japan.
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Richard Notebaert said Monday he will leave as chairman and chief executive officer after the board had chosen a replacement.
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Bear Stearns chief executive James Cayne resigns but will stay on as non-executive chairman.
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UBS AG  ,  Switzerland&#39;s largest bank, in a surprise move on Thursday  replaced Chief Executive Peter Wuffli with his deputy, Marcel  Rohner, and said Wuffli would leave the company.
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The President of the Asian Development Bank (ADB), Tadao Chino, Tuesday announced that he would resign on 31 January 2005, more than six years after he took the position.
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NEW YORK -(Dow Jones)- JPMorgan Chase &amp; Co. &#39;s (JPM) chief financial officer, Dina Dublon, will resign at the end of the year and be replaced by Michael Cavanagh , currently head of middle market banking.
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ChryslerÂs top sales executive, Joe Eberhardt, is leaving to take a retail position at the American operation of Mercedes-Benz.
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Applegarth leaves with immediate effect as bank hopes new CEO will help it reverse its fortunes.