June 7, 2012 |
Best Buy Co. Inc. just can't catch a break. Chairman and founder Richard Schulze is jumping ship earlier than expected, taking with him a 20.1% stake in the struggling electronics retailer. Schulze, 71, told the company's board Thursday morning that he is resigning immediately. “I continue to believe in Best Buy and its future -- and care deeply about its customers, employees and shareholders,” he said in a statement. “There is an urgent need for Best Buy to reinvigorate growth by reconnecting with today's customers and building pathways to the next generation of consumers.” Originally, Schulze was to step down as chairman on June 21 and stay on as a director through June 2013, relinquishing his positions in the wake of a scandal involving former Chief Executive Brian Dunn.
February 22, 1987
Richard L. Pozzo, president of Edward M. Pozzo Co., Los Angeles, has been elected chairman of the Associated General Contractors of California's Building Division board of directors.
September 14, 2012 |
Fox Filmed Entertainment co-chairman Tom Rothman, who has led the News Corp.-owned studio together with partner Jim Gianopulos since 2000, is leaving his post on Jan. 1. The unexpected move ends long and largely successful run atop the studio for Rothman, who first came to Fox in 1994 when he founded the specialty label Fox Searchlight Pictures. He previously worked as president of the independent studio Samuel Goldwyn Pictures. With Rothman's exit, Gianopulos will become the sole chairman of Fox, the studio behind "Avatar," "Ice Age," and "Prometheus.
November 24, 1985
A 58-year-old former United Technologies Corp. executive has been elected chairman, chief executive and a director of the Emhart Corp., a diversified manufacturing company based in Farmington, Conn. Peter L. Scott, elected Thursday by Emhart's directors, will take office around Dec. 1, replacing T. Mitchell Ford, a company announcement said. Ford will serve as chairman of the executive committee until his retirement in April, 1986, and will continue as a director after his retirement.
October 18, 1986
Texas Air Corp.'s boss, Francisco A. (Frank) Lorenzo, strengthened his hold over Eastern Airlines by becoming chairman of the carrier on Friday. Eastern's board of directors also elected Phil Bakes president and chief operating officer of the airline. Lorenzo, 46, has been chairman and chief executive of Texas Air since 1980.
September 2, 1987 |
Walter L. Weisman, who as president and chief executive of American Medical International shepherded the company through nearly two years of restructuring, was named Tuesday as its next chairman. AMI is a major health services provider with annual revenue of about $4 billion. Weisman will succeed Royce Diener, who will step down after the Beverly Hills company's Jan. 21 annual meeting. Diener, who joined the company in 1969 as an outside director, has been its chairman since 1979.