Pops to go from Alkermes chief to chairman
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Richard Pops, the chief executive of Alkermes Inc. and one of the best known executives in the Cambridge biotechnology industry, will step down and become the company's chairman at the end of the month, Alkermes said yesterday.
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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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Pressure on French advertising group Havas mounted yesterday as it emerged that corporate raider and dissident shareholder Vincent Bollore has asked for seats on the company&#39;s board.
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French corporate raider Vincent Bollore has asked for seats on the board of French advertising company Havas (EURC.PA: Quote, Profile, Research) , Havas&#39;s chief executive said on Thursday, saying the company was considering the
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STRASBOURG, France -- The embattled head of the European Commission Jose Manuel Barroso said Thursday he would conduct a &quot;very limited&quot; reshuffle of his proposed EU executive and hoped to present it to the European Parliament in less than a month.
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HERTOGENBOSCH, The Netherlands, Oct. 5, 2004 (PRIMEZONE) -- The Supervisory Board of Van Lanschot NV intends to appoint Mr.
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Migros, Switzerland's largest retail chain and the country's largest employer, has appointed company veteran Herbert Bolliger as its new boss.
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Thomas Enders, newly installed chief executive at Airbus, on Wednesday streamlined his management committee at the struggling European aircraft manufacturer.
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French and German business leaders, headed by Cie. de Saint-Gobain SA Chief Executive Jean-Louis Beffa and ThyssenKrupp AG supervisory board chairman Gerhard Cromme, will form a working
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BRUSSELS, Nov 5 (IPS) - Incoming European Commission president Jose Manuel  DurÃ£o Barroso tried to end the political crisis in the European  Union Thursday as he unveiled his new team of Commissioners.
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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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Marks &amp; Spencer chief executive Stuart Rose yesterday took hands-on control of the underperforming retailer, announcing the departure of four main board directors and two other senior executives.
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Cadbury Schweppes is to set out plans for a big overhaul of its business amid speculation of substantial job cuts.
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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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The once-clubby atmosphere of the public company boardroom has undergone a makeover during the past several years, as board members become more willing to flex their muscle and aggressively press management for changes.
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The following is a short update from Alexander P. Cavasin, CEO of Alcar Chemicals Group Inc. (PINKSHEETS: ACMG).  With yesterday's announcement on the MOU I signed you have been able to see that there are some major developments taking place.
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The company's original visionary returns to the helm.