AMI Chief Joins IdaCorp Board of Directors
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By The Idaho Statesman, Boise  Sep. 23--Christine King, chief executive officer of AMI Semiconductor in Pocatello, was elected to the IdaCorp Inc. and Idaho Power Co. board of directors Thursday. The appointment takes effect Nov. 1.
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She replaces retiring member M. Victor Westberg on the five-person board of directors.
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(InfoWorld) - McAfee's board of directors on Monday named former EMC executive Dave DeWalt as the security software company's CEO and president. DeWalt, 42, takes the helm of a company tainted byÂ allegations surrounding backdating of stock options by former executives. DeWalt, a 20-year veteran of the technology industry, most recently was executive vice president and president of customer operations for EMC. David Fuller, McAfee's interim president and CEO, will leave that job April 1, the day before DeWalt takes over. Fuller will stay as an advisor to help with the transition and will remain on the board. DeWalt is also expected to be appointed to the board. Fuller stepped in as interim chief in October 2006 following the resignation of George Samenuk as chairman and CEO and Kevin Weiss as president. They left following allegations that they were involved in improperly backdating stock options to McAfee executives. Last week, former McAfee legal counsel Kent Roberts was arraigned on federal fraud charges in relation to his role in the backdating scandal. He pleaded not guilty before a federal judge in San Francisco. Â
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Pfizer, Citigroup, Hutchison Whampoa, Abbott Laboratories, HSBC and Cisco Systems are among the major corporations that had taken steps by Thursday to provide aid to the survivors of the earthquake and tsunamis that struck Asia on Sunday.
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The Bristol-Myers Squibb Company, a drug maker, named its chief executive, James M. Cornelius, as board chairman, succeeding James D. Robinson III.
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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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The company promotes from within--Chief Operating Officer David Mitchell is appointed CEO.
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The Industrial Revitalization Corp. of Japan plans to set up a new management team for ailing retailer Daiei Inc., IRCJ President Atsushi Saito said Wednesday.
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I.B.I.S. Inc. announced today the addition of industry veteran Douwe  Bekaert to its management team. Bekaert will lead I.B.I.S'  rapidly expanding Microsoft Information Worker (IW) Practice, centered  on Microsoft Office and CRM Solutions for mid- and upper mid-market  enterprises.
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Medical Technology and Innovations, Inc. (OTCBB:MTIV) announced today  that Theodore F. di Stefano has been appointed to the Company's  Board of Directors and as Chairman of its Audit Committee.
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KoolSpan, the information security industry's leading innovator of embeddable security technology for network-aware devices, today announced that John N. Stewart, Vice President and Chief Security Officer, Cisco Systems, Inc. (NASDAQ: CSCO), will join its board of directors effective immediately.
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IAC/InterActiveCorp is to split into two companies with the aim of increasing its share of the online travel market and allowing it to focus more on its non-travel businesses.
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MOUNTAIN VIEW, Calif., June 11  /PRNewswire-FirstCall/ -- Ditech Networks, Inc. , a leader in the development of voice processing systems for communications networks, today announced that its Board of Directors voted unanimously to appoint Edwin L.
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Dataupia Corporation today announced that Dr. Michael Zisman, a technology industry veteran and former IBM executive, has joined the Company's Board of Directors.
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Manufacturing conglomerate Tyco  International Ltd. TYC.N on Tuesday said Chief Financial  Officer David FitzPatrick will retire at the end of this year  "to pursue other personal and professional interests."
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By The Idaho Statesman, Boise  Sep. 14--Jim Cleary, CEO of MWI Veterinary Supply in Meridian, and Jim Hay, the company's chief information officer, will be the featured speakers tonight at Kickstand's monthly networking meeting in Boise.   The meeting will be from 5:30 to 7 p.m.
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Shenzhen Development Bank announced Wednesday it has appointed a pair of American financial experts as board chairman and president, the first foreigners to hold such positions with a mainland Chinese bank.