WellPoint says CEO to retire, names successor
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WellPoint Inc.  CEO Larry Glasscock will retire from the health insurer on June 1, but will continue as board chairman, the company said on Monday.
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Jeff Raikes, the president of Microsoft's Business Division, plans to retire in September, the company said on Thursday.
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David Eldon will retire next year as chairman of the Hongkong and Shanghai Banking Corp. Ltd. and the Hang Seng Bank, HSBC Group, one of the world's largest banking and financial service organizations, said Monday.
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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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ST. LOUIS -- May Department Stores Co. said Tuesday that the president of its newly acquired Marshall Field&#39;s chain of department stores will retire at the end of this year.
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(InfoWorld) - Richard Notebaert, chairman and CEO of Qwest Communications International will retire as soon as the company's board of directors can find a replacement, Qwest said Monday. Qwest has begun a formal search for a replacement, but the company has not set a timetable for naming a new chairman and CEO, Qwest said in a press release. Notebaert, chairman and CEO since June 2002, informed the board of his decision to retire, the company said. Qwest plans no changes in strategy after Notebaert's retirement, the company said. Notebaert, in a statement, said he plans to spend more time with family and on other commitments. "I will leave the company only when the Board has selected a leader who shares our vision and will continue to guide Qwest's solid performance and reputation as a leading national communications provider with a very bright future," he said. Qwest, based in Denver, Colorado, recorded its first year of operational profitability under Notebaert in 2006. In addition to providing telephone and Internet services to customers in parts of the U.S. Midwest, Northwest and mountain states, Qwest also has a coast-to-coast fiber optic network and providers telecom services for the U.S. government. Notebaert took over from ex-CEO Joseph Nacchio, who wasÂ convicted by a federal juryÂ in April on 19 of 42 counts of insider trading. After Nacchio left Qwest, the company had to restate $2.5 billion in revenue due to fraudulent accounting practices. Frank Popoff, lead director on the Qwest board, credited Notebaert with turning the company around. "Dick's leadership in the transformation of Qwest has exceeded all expectations," Popoff said in a statement. "He will leave the company well positioned for future growth and truly will be missed."
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Longtime EBay CEO Meg Whitman is expected to announce her retirement sometime in the next few weeks.
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Blogging software maker Six Apart  said on Friday Chairman and Chief Executive Barak Berkowitz was  stepping aside and would be replaced by Chris Alden, who had  run the company&#39;s professional software unit.
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Wellpoint Inc.  on Thursday ousted its chief financial officer, David Colby, after an external investigation revealed that he violated the health insurer's code of conduct.
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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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CHICAGO Insurance giant Aon Corporation is looking for a new chief executive officer to succeed Patrick Ryan, who is retiring. The 67-year-old Ryan intends to stay on as CEO until his successor is named and
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Google Inc said on Tuesday finance chief George Reyes plans to retire, ending a bumpy five-year ride for an executive charged with trying to manage ferocious growth while upholding a policy of refusing to give financial forecasts.
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WAYZATA, Minn., Feb. 6  â The agribusiness company Cargill said Tuesday that its chief executive, Warren R. Staley, would retire June 1 after reaching 65, the companyâs retirement age for executives.
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Pfizer Inc.'s  board of  directors was meeting on Friday to discuss plans for picking a  successor to the company's chairman and chief executive, Hank  McKinnell, who is scheduled to retire in February 2008.
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Starbucks Corp. (SBUX.O: Quote, Profile, Research) on Tuesday said its chief executive, Orin Smith, will retire next year, surprising investors, who sent the coffee shop chain&#39;s shares lower in after-hours trading.
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H.P.Âs chairwoman will step aside in January, the C.E.O. will succeed her and the longest-serving director resigned.
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LONDON - David Eldon will retire next year as chairman of the Hongkong and Shanghai Banking Corp. Ltd. and the Hang Seng Bank, HSBC Group, one of the world&#39;s largest banking and financial service organizations, said Monday.