It’s not a good week for CEOs. Following yesterday’s shakeup that saw Thorsten Heins replaced by John S. Chen at the head of BlackBerry, Acer Chairman and CEO J.T. Wang today announced his resignation following the company’s worse-than-expected loss of T$13.12 billion (US$446 million). The board accepted his resignation and immediately announced that Corporate President Jim Wong will succeed Wang […]
Management
Fairfax to invest US$1 billion in BlackBerry
Fairfax Financial Holdings’ bid to take BlackBerry private may have failed but the company along with other institutional investors will invest US$1 billion into the beleaguered smartphone manufacturer in the form of convertible debentures. These will be convertible into common shares of BlackBerry at a price of US$10.00 per common share, a significant premium over the current stock’s value (and […]
Head of Global PR leaves HTC after four months
After a rash of executive departures at HTC in the spring and early summer, things appeared to quiet down in recent months. Unfortunately for the beleaguered manufacturer, another executive is now leaving. After just four months on the job, Lorain Wong, Vice President and head of Global PR, has stepped down. Chief Marketing Officer Ben Ho told Bloomberg that she […]
Guy Laurence to be next Rogers President and Chief Executive Officer
Rogers today announced that it has found its next President and CEO. As earlier reports suggested, the company has chosen Guy Laurence to succeed Nadir Mohamed, who will retire at the end of the year. Laurence’s first day on the job will be Monday, December 2, 2013. “The board unanimously chose Guy as the best leader to succeed Nadir and […]
Vodafone executive in line to become next Rogers CEO
Rogers may be nearing the end of its search for its next CEO. Following the announcement in February that Nadir Mohamed, the current President and CEO, would retire in January 2014, the company began an international search for his successor. By last month, it reportedly had a short list that included executives from TELUS, AT&T and Guy Laurence, Vodafone UK’s […]
Microsoft Canada President Max Long to step down on September 30th
Speaking of changes at Microsoft, CEO Steve Ballmer’s upcoming retirement is not the only senior executive change taking place. Microsoft Canada President Max Long is also stepping down from his current position. A Microsoft spokesperson confirmed to Computer Dealer News that he will leave the position on September 30th due to family reasons. Long is not leaving Microsoft though. He will […]
Steve Ballmer to retire as Microsoft CEO within 12 months
Microsoft announced today that CEO Steve Ballmer will retire within the next 12 months. The company’s board has initiated the search for a successor and Ballmer will remain CEO until this person is named. “There is never a perfect time for this type of transition, but now is the right time,” Ballmer said. “We have embarked on a new strategy […]
CEO Peter Chou hindering HTC’s turnaround?
Peter Chou has been HTC’s CEO now for more than 10 years. He’s overseen the company during its early meteoric rise and its more recent troubles as it stumbled and saw market share vanish and profits evaporating (and maybe even turning into a loss soon). With no clear sense that HTC has a real strategy to turn its fortunes around, […]