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“#JCPenney starts search for new CEO as Jill Soltau exits” JCPenney said on Wednesday new owners Simon Property Group and Brookfield Asset Management have begun a search for a new chief executive officer to replace Jill Soltau. Soltau, who joined the struggling retailer about two years ago, will leave the company on Dec. 31. Simon’s chief…
“#Aerospace giant’s convict CEO could pose threat to firm’s IPO plans” A politically charged standoff over an Italian aerospace giant’s convicted fraudster CEO is now threatening to hit America’s shores. Leonardo SpA — a massive defense contractor that sells everything from missiles to cybersecurity services — is considering a stock listing for its US subsidiary,…
“#Neiman Marcus CEO may cut pricey perk for top execs: report” Neiman Marcus may ax a controversial health insurance plan for its chief executive and his top officers — just days after the lavish perk was exposed in an exclusive report by The Post. Chief Executive Geoffroy van Raemdonck — who stands to reap as…
“#Neiman CEO Geoffroy van Raemdonck slammed for pay, lavish perk” Neiman Marcus emerged from bankruptcy with a cushy perk for its top execs — and now its leaders are being accused of escaping the belt-tightening they imposed on everyone else. Neiman CEO Geoffroy van Raemdonck has been lauded for steering the troubled retailer out of…
“#Ferrari CEO Louis Camilleri steps down after COVID-19 battle” Ferrari CEO Louis Camilleri has abruptly resigned after a bad case of the coronavirus reportedly landed him in the hospital. The Italian luxury automaker announced Thursday that Camilleri had decided to retire effective immediately for “personal reasons” after about two and a half years at the…
“#Elon Musk says ‘too many MBAs’ run American companies” To Elon Musk, MBA might as well stand for “misguided bum academic.” The billionaire Tesla chief thinks too many American companies are run by business-school graduates who care more about numbers than delivering for their customers. “I think there might be too many MBAs running companies,”…
“#Zalando co-CEO Rubin Ritter quits to focus on wife’s career” A leader at one of Europe’s biggest online fashion retailers is stepping down to help his wife pursue her own career. Rubin Ritter, one of three co-CEOs at e-commerce giant Zalando, said he will resign in May after 11 years at the company so he…
“#SoulCycle names veteran media exec Evelyn Webster new CEO” SoulCycle has named veteran media executive Evelyn Webster its new CEO as it wades through the coronavirus crisis. The trendy spin-studio chain announced Webster’s appointment on Tuesday — more than a year after former head honcho Melanie Whelan abruptly stepped down. In a news release, SoulCycle…
“#Sanford Health CEO Kelby Krabbenhoft leaves amid mask refusal” The chief executive of one of the nation’s largest regional health systems is leaving his job after refusing to wear a mask in the office. Sanford Health said it “mutually agreed to part ways” with CEO Kelby Krabbenhoft after he reportedly sent an email to employees…
“#Midwest health system CEO says he had COVID-19, won’t wear mask” The head of one of the largest regional health systems in the Midwest has told his employees that he has recovered from COVID-19 and is back in the office — without a mask. Sanford Health’s president and chief executive, Kelby Krabbenhoft, said in an…