ceo
A long-term industry executive is to take over as chief executive of the troubled aircraft manufacturer next week, Boeing has announced as it revealed a loss of more than $1.4 billion (€1.3 billion) in the second quarter of 2024. Robert "Kelly" Ortberg, a 64-year-old former CEO at aerospace supplier Rockwell Collins, will succeed David Calhoun as CEO, the company said. Ortberg, who only emerged recently as a leading candidate, will become CEO and president on 8 August, Boeing said. Others who were reportedly considered for the job included Patrick Shanahan, a former Boeing executive and now CE...
Euronews (English)
Luxury giant Mulberry has dispensed with the services of chief executive officer (CEO) Thierry Andretta because of falling sales and a sharp deteriorating in its share price. Andretta is to be replaced by Andreas Baldo, previously chief executive of Ganni, a mid-range luxury brand. He has also worked at Coccinelle and Marni Group. Andretta had been with Mulberry since 2015, having previously worked at rival brands LVMH and Kering. Since its establishment in 1971, Mulberry has been a staple on the British high street, including celebrity names such as Cara Delavigne, Kate Moss, Lana Del Ray and...
Euronews (English)
Chief executives of major US companies saw their pay leap nearly 13% last year, soaring way ahead of their workers, according to data analysed on behalf of AP news agency. That was considerably higher than amounts earned by workers who are feeling the strain on their budgets because of inflation. The average pay packet for CEOs rose to $16.3 million (€15 million), up 12.6%, according to the Equilar data. Meanwhile, wages and benefits awarded to private-sector workers rose a much more modest 4.1% over the same period. That means an employer would need to work around 200 years to earn the same a...
Euronews (English)
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