Karl-Thomas Neumann has stepped down as chief executive of GM’s European subsidiary Adam Opel GmbH, and his successor, Michael Lohscheller, will have to grapple with how to turn the money-losing ship around under the helm of Groupe PSA.
General Electric CEO and chairman Jeff Immelt today announced he will step down as CEO on Aug. 1, with current president and CEO of GE Healthcare John Flannery set to take the reigns at that time.
Jeff Cotten admitted he wanted the job, but had nothing but praise for the board.
Mark Fields will be replaced by the head of the auto giant's autonomous driving unit, according to reports.
Heads of large companies are most likely internal appointments who toiled for decades at the same employer to reach the top, survey finds.
After two tumultuous years, AIG CEO Peter Hancock is throwing in the towel.
Giovanni Ferrero continues to recast the management mold created by his father amid an emerging tendency for leaders to step away from day-to-day management duties and focus on strategy.
Executives hired during bust years stayed longer and performed better, according to a new assessment of the mining sector.
Around 40% of Britain's biggest companies now have a foreign national at the helm, compared to under 10% in the U.S.
A cleaner slate and tailwinds from rising interest rates could be enough to convince another talented executive to tangle with the company's formidable activist investors.