January 29, 2014 |
Starbucks Corp. Chief Executive Howard Schultz is passing off day-to-day duties at the world's largest coffee chain to his chief financial officer. Schultz will focus on blending the company's bricks-and-mortar, e-commerce, digital, card and mobile businesses - what he called “next generation retailing” in a statement Wednesday. He will also direct his energy toward advancing the Seattle business' loyalty program and beverage innovation. As he tries to pin down the company's broad-strokes strategy, CFO Troy Alstead will take over the daily grind.
December 23, 2013 |
Talent agency William Morris Endeavor has tapped former Microsoft executive Peter Klein as its new chief financial officer. Klein, who served as Microsoft's chief financial officer from 2009 to June of this year, will also have financial oversight of IMG Worldwide, the sports agency and marketing concern that WME is acquiring for about $2.3 billion. "The combination of WME and IMG creates a unique global platform in sports and entertainment, with tremendous growth potential," said Klein in a statement.
December 11, 2013 |
Los Angeles-based Aecom Technology Corp. has appointed Michael S. Burke, who joined the company in 2005, as chief executive. Burke, 50, will succeed John M. Dionisio, 65, who has been nominated to be executive chairman of the company's board of directors. "I'm delighted and honored to have the opportunity to lead the 45,000 architects and engineers in our company," Burke said in a telephone interview. "We've had a great period of growth over the past eight years. " Burke was appointed chief financial officer in 2006 and president in 2011.
October 9, 2013 |
Two former top executives have sued Freedom Communications Inc., owner of the Orange County Register, saying the company has failed to pay them a combined $4.5 million in severance pay. Mitchell Stern, Freedom's chief executive from 2010 to 2012, and Mark McEachen, its chief financial officer during that time, stayed with the company after it was acquired by entrepreneur Aaron Kushner in July 2012. The executives said in an arbitration filing that they agreed to postpone their severance payments - $3.3 million to Stern and $1.2 million to McEachen - because of the company's "precarious finances.
September 20, 2013 |
Salil Mehta, a former senior executive at NBCUniversal, has joined Twentieth Century Fox Film as president of content management. In that newly created role, Mehta will oversee content distribution for the studio's movie and television fare, paying particular attention to exploiting new distribution platforms. Mehta will also have oversight over Twentieth Century Fox's technology and engineering activities and be heavily involved in its anti-piracy efforts. “Salil possesses the perfect mix of problem-solving skills, leadership proficiency, technological savvy and collaborative expertise to play a critical role in guiding our content through the multi-faceted media world we operate in today," said Twentieth Century Fox Chairman and Chief Executive Jim Gianopulos, to whom Mehta reports.
September 20, 2013 |
Lionsgate's chief financial officer, James Keegan, a 25-year veteran of the company, is retiring and will be succeeded by James Barge, the former CFO of Viacom. Keegan, 55, will retire on Oct. 1 and will stay on as a consultant until Jan. 3 to help with the transition, the company said Friday. Barge, who will report to Lionsgate Chief Executive Jon Feltheimer, had already been working with Lionsgate as a consultant. He served as Viacom's CFO from 2010 to 2012 and earlier worked at Time Warner Inc. for 13 years.