Chief Executive Officers

Matthew Simoncini: Lear Corp. CEO funds youth education

detroitnews.com

Matthew Simoncini: Lear Corp. CEO funds youth education


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Dow, GM, Whirlpool CEOS will remain on Trump councils

detroitnews.com

Dow, GM, Whirlpool CEOS will remain on Trump councils


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CEO: Online shopping doomed Gibraltar trade center

detroitnews.com

CEO: Online shopping doomed Gibraltar trade center


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GM CEO Mary Barra fends off hedge fund manager's hostile stock-split pitch

freep.com

GM CEO Mary Barra fends off hedge fund manager's hostile stock-split pitch


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Ford replaces management team as new CEO takes helm

abcnews.com

Ford replaces management team as new CEO takes helm


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GM’s Barra highest paid in Detroit Three last year

detroitnews.com

GM’s Barra highest paid in Detroit Three last year


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RTA fires CEO Michael Ford after careless spending decisions

clickondetroit.com

RTA fires CEO Michael Ford after careless spending decisions


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Popular Stories

Matthew Simoncini: Lear Corp. CEO funds youth education
Lear Corporation President and CEO Matthew Simoncini. leads his company's contributions toward youth education and recreation in Metro Detroit. A strong supporter of the arts, he is also a board member of Michigan Opera Theatre and other groups. Daniel Mears, The Detroit News. East English Village native is at helm of firm that contributes millions annually to support efforts in Detroit, southeastern Michigan Buy Photo   Read More ...
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Fashion CEO planning hub for Detroit
Buy Photo. Detroit — The city is trying to lure expats back for major investment and Mayor Mike Duggan on Thursday announced it had landed a big one. Fashion CEO Jeffry Aronsson has committed to providing a plan in February for a fashion hub and campus in Detroit. The location, both said, is not yet determined, but it’s expected to engage smaller city-based companies and “grow Detroit brands   Read More ...
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Ford CEO to make Street wait as UAW gets vision first
Buy Photo. Before he lays out his plans for Ford Motor Co. to Wall Street analysts and investors, new Chief Executive Officer Jim Hackett is going to share his vision for the automaker with leaders of its workers’ union. The mid-September meeting in Detroit with United Auto Workers leaders from across the U.S. sends an important signal that the new boss is putting workers first, Jimmy Settles, the head of the union’s Ford department, said in an interview Wednesday   Read More ...
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Tenet to replace CEO and ‘refresh’ directors board
Tenet Healthcare, one of the country’s largest hospital chains and owner of the Detroit Medical Center, has announced its chairman and CEO will step down and the company is working to “refresh” its board of directors. The Dallas-based chain said Thursday that director and CEO Trevor Fetter is stepping down after a transition period and director Ronald Rittenmeyer has been named executive chairman   Read More ...
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Uber CEO pick has skills, experience, would face issues
Detroit — For a surprise choice, Expedia CEO Dara Khosrowshahi appears to check the boxes needed to tackle the massive job of leading Uber from a rapidly growing but dysfunctional money-loser to a company that can turn a consistent profit. Like Uber, Expedia is a global juggernaut that uses an internet platform to process millions of transactions every year. Expedia went through a big growth phase just like Uber, and has mastered making money on travel booking transactions, something that’s only an aspiration for Uber   Read More ...
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Detroiter discusses rise from tech helper to CEO of ADT
Tim Whall, the CEO of ADT Security, was back in his hometown this month for a company event and to watch "Detroit," the Hollywood dramatization of civil violence in the city, with his siblings and 78-year old father, a former Detroit Police captain. The movie, Whall said, was a disappointment to his dad because it didn't capture the full scope of everything that happened during the Detroit riot   Read More ...
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FCA cancels Illinois plant event with CEO, union exec
Buy Photo. Fiat Chrysler Automobiles canceled on Friday an Aug. 24 media event at its Belvidere, Illinois, plant at which CEO Sergio Marchionne was to have appeared with government and United Auto Workers officials, including Norwood Jewell, vice president of the UAW’s Fiat Chrysler unit. The event was intended to mark the beginning of production of the Jeep Cherokee, relocated from its previous home in Toledo, Ohio, following a $350 million retooling of the Belvidere plant northwest of Chicago   Read More ...
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Dow, GM, Whirlpool CEOS will remain on Trump councils
Leaders of Michigan-based companies who are on presidential councils have no plans to resign after President Donald Trump came under fire for taking two days to specifically denounce the actions of white nationalists in Charlottesville, Virginia. Dow Chemical Co. said CEO Andrew Liveris will remain on the president’s Manufacturing Jobs Initiative council, which Liveris helped organize. Whirlpool Corp. Chairman Jeff Fettig also will remain   Read More ...
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Texas A&M tops Fortune 100 CEOs list; 4 Aggies lead biggest companies
Four Texas A&M University alumni currently serve as CEOs of the nation's biggest publicly traded companies. That is more than all but one other university, a new report showed. A&M is tied with the University of Michigan for having the most current graduates serving as CEO in the top 100 companies of the , the U.S. News & World Report survey said   Read More ...
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CEO: Online shopping doomed Gibraltar trade center
The rise of online shopping doomed the Gibraltar Trade Center in Mount Clemens, which is closing next month after decades in business, according to the company’s top official. “The biggest factor when deciding to close was looking at market sales,” said President and CEO Bob Koester. “The impact of online sales on small brick-and-mortar businesses is substantial. Declining revenue and sales are forecast to continue to accelerate in the years to come   Read More ...
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GM CEO Mary Barra fends off hedge fund manager's hostile stock-split pitch
DETROIT — General Motors shareholders resoundingly rejected a hedge fund's proposal to split up its stock in a financial maneuver that CEO Mary Barra and the company's board opposed despite the company's languishing share price. Barra said Tuesday that the automaker has been making the tough decisions necessary to adapt to changing business conditions and has been working hard to reward investors   Read More ...
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Fields out at Ford; new CEO Hackett known for turnarounds
DEARBORN, Michigan — Ford is replacing CEO Mark Fields as it struggles to keep its traditional auto-manufacturing business running smoothly while remaking itself as a nimble, high-tech provider of new mobility services. The 114-year-old automaker said Fields is retiring at age 56 after 28 years at the company. Fields will be replaced by Jim Hackett, a former CEO of office furniture company Steelcase Inc   Read More ...
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Ford's new CEO is a man who can connect
Ford has named Jim Hackett as its next CEO, replacing longtime Ford star executive Mark Fields, according to media reports. Elissa Robinson/ DFP. Buy Photo. David Kelley tells a story that he says gives some insight into new Ford CEO Jim Hackett’s persona. Hackett had invited Kelley, a legendary engineering designer and one of Hackett’s longtime business associates, to the Michigan-Ohio State game at the Big House in 2015   Read More ...
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Ford's ex-CEO leaves company with $51.1 million
DETROIT - Ford's former CEO Mark Fields is leaving the company with an estimated $51.1 million in cash, stock awards and pension benefits. Fields, 56, retired earlier this week after three years as CEO. Ford made record profits during his tenure but its stock price dropped nearly 40 percent on investors' concerns about the company's future. Executive compensation tracking firm Equilar calculated Fields' compensation for The Associated Press   Read More ...
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Ford replaces management team as new CEO takes helm
Ford's new CEO is shaking up the company's senior management. The Dearborn, Michigan, automaker named a new head of global product development as well as new heads of its operations in North America, Europe and Asia. Among the biggest changes is the rehiring of Sherif Marakby, a longtime Ford executive who was head of Uber's global vehicle programs for a year until he quit that job last month   Read More ...
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Ford ousts Fields as CEO and installs Hackett
DEARBORN, Mich. — In a shake-up reflecting the pressures on the U.S. auto industry, Ford Motor Co. replaced CEO Mark Fields on Monday and vowed to catch up in the race to build self-driving cars and define a new era in personal mobility. The company said Jim Hackett, who had overseen the Ford subsidiary that works on autonomous vehicles, will take over immediately for Fields   Read More ...
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Jim Hackett Named Ford CEO, Mark Fields To Retire
Ford has confirmed Jim Hackett will become the company's new President and CEO. Hackett isn't actually a household name but Ford says he has a "long track record of innovation and business success" as CEO of Steelcase, Interim Athletic Director at the University of Michigan, and executive chairman of Ford Smart Mobility LLC. Hackett will report to Ford Executive Chairman Bill Ford and the two will work together to focus on three main areas including modernizing business and transforming the company to meet future challenges   Read More ...
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Jim Hackett named Ford President and CEO
Newly appointed Ford President and CEO Jim Hackett, replacing Mark Fields, with Ford Executive Chairman Bill Ford Jr. during a press conference at Ford World Headquarters in Dearborn, Michigan on May 22, 2017.   Read More ...
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What One CEO Learned From His Old Coach, Tom Izzo
37-year-old Mat Ishbia is CEO of United Wholesale Mortgage (UWM), and while that may sound impressive enough, he also played basketball at Michigan State University for three years and went to three Final Fours. Now, Ishbia’s years of dedication to basketball have helped him lead his billion-dollar mortgage company. Time with Mr. March Ishbia played guard for Michigan State’s winningest basketball team for three seasons   Read More ...
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RTA tries to regroup under interim CEO
Buy Photo. Officials with the Regional Transit Authority of Southeast Michigan hope its newly named interim CEO can help the agency rebound from a pair of damaging setbacks. Tiffany Gunter, who had been the RTA’s chief operating officer and deputy CEO, takes over as questions are growing about the transit authority’s future. The RTA narrowly lost a November vote on a $4   Read More ...
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GM’s Barra highest paid in Detroit Three last year
General Motors Co. Chairman and CEO Mary Barra was the highest paid executive in the Detroit Three last year. GM paid Barra $22.58 million in total compensation in 2016, a 21 percent decrease from the $28.59 the company paid her in 2015. Ford Motor Co. paid President and CEO Mark Fields $22.1 million in total compensation in 2016; and Fiat Chrysler CEO Sergio Marchionne was paid more than 10   Read More ...
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DEGC CEO Rodrick T. Miller leaving for 'other opportunities'
The Detroit Economic Growth Corp. announced today that President and CEO Rodrick T. Miller is leaving the agency to pursue other opportunities. DEGC Chief Financial Officer Glen Long has been named interim president of the organization as the DEGC board searches for Miller’s successor. Long has worked at DEGC for almost 25 years and has been CFO since 2002. The DEGC is a quasi-public development arm of the city that negotiates development deals and does staff work preparing proposals for the Downtown Development Authority and other boards that approve tax incentives and other assistance for developers   Read More ...
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RTA fires CEO Michael Ford after careless spending decisions
DETROIT - The CEO of the RTA was fired Thursday after a string of careless spending decisions was discovered on his expense account. The Regional Transit Authority board made the decision to fire Michael Ford at a Thursday afternoon meeting. Investigation showed close to $20,000 in questionable spending was found on Ford's expense account. Those are taxpayer dollars. Ford paid money back when it became clear he wasn't entitled to many of the expenses he put in for   Read More ...
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RTA to discuss CEO’s future amid probe
Negotiations are set to continue Wednesday over the future of the Regional Transit Authority’s embattled CEO. Michael Ford is under internal investigation over his job expenses while the RTA is debating whether to renew his contract. This comes four months after voters rejected a $4.6 billion millage to expand bus, rail line and shuttle services across Metro Detroit. Ford will be among topics of discussion when the RTA board convenes for a retreat at 8 a   Read More ...
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RTA CEO pays back $19K after expenses questioned
Detroit — Regional Transit Authority CEO Michael Ford repaid $18,813 Thursday, hours after a closed-door meeting with board members amid an investigation into his expenses and job security. The money repaid a portion of mileage, cell phone, health care and insurance payments called into question that he has received since being hired in late 2014. “The check basically addresses some contract issues and there are other contract issues that are   Read More ...
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Expense report of Regional Transit Authority CEO Michael Ford under review
DETROIT - The Regional Transit Authority is considering whether their CEO, Michael Ford, should stay or get a pink slip. The transit mogul allegedly used thousands of dollars for such things as expensive boutique hotels and trips to attend meetings at which he never actually appeared. Ford wrote a check to the RTA for $18,000, money the RTA says is payback for overpayments. Expense reports reveal expensive and lavish business   Read More ...
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Detroit area transit authority probes CEO’s expenses
Detroit — The Regional Transit Authority is investigating CEO Michael Ford’s expenses and debating whether to renew his contract four months after voters rejected a $4.6 billion millage to expand bus, rail line and shuttle services across Metro Detroit. The RTA board is expected to discuss Ford’s contract and the investigation’s findings at an 8 a.m. closed-door meeting Thursday. The meeting comes amid a review of Ford’s expenses and questions   Read More ...
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Howes: Ilitch CEO leads using ‘secrets to the sauce’
Buy Photo. The youngest son of Mike and Marian Ilitch holds a University of Michigan business degree, but the education of Christopher Ilitch, 51, spans the nearly 30 years he’s worked alongside his parents inside the pizza and entertainment empire they built. Along the way, Chris, CEO of the family company since 2004, learned a few things. Think big. Be prepared and thorough. Be creative yet humble. Treat people well   Read More ...
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Jobs at Smeal Fire Apparatus plants are safe, CEO of buyer says
Employees of longtime Nebraska manufacturer Smeal Fire Apparatus Co. can rest easy, according to the CEO of a Michigan company intent on buying Smeal. Aside from a few people in top corporate jobs, Chief Executive Daryl Adams said Wednesday, Spartan Motors Inc. of Charlotte, Michigan, needs Smeal’s 400 people and four manufacturing locations to help return profits to its emergency equipment division. “We need them to stick with us,” Adams   Read More ...
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Ford CEO says Trump threats won’t change small car plans
DETROIT (AP) — is going ahead with plans to move small-car production from the U.S. to Mexico despite President-elect recent threats to impose tariffs on companies that move work abroad. CEO Mark Fields said Ford’s plan to move production of the Ford Focus from Michigan to Mexico will proceed, in part because U.S. consumers demand low prices for small cars. The Focus starts at $16,775, which is less than half   Read More ...
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Trump names Dow Chemical CEO Liveris to head Manufacturing Council
Trump names Dow Chemical CEO Liveris to head Manufacturing Council President-elect Donald Trump said on Friday he would name Andrew Liveris, chairman and chief executive of Dow Chemical Co, to head the Manufacturing Council, a private sector group that advises the U.S. secretary of commerce. Trump made the announcement during a rally in Battle Creek, Michigan, where he introduced Liveris, 62, a dual U.S.-Australian citizen who said he had accepted   Read More ...
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Trump names Dow Chemical CEO Liveris to head Manufacturing Council
President-elect Donald Trump, on a “thank you tour” stop in Grand Rapids, Mich., announced Friday that he would name Dow Chemical Co. CEO Andrew Liveris to head the American Manufacturing Council and “find ways to bring industry back to America.” Liveris, 62, is a dual U.S.-Australian citizen, Reuters reported. During the stop, Trump also noted Michigan had helped him get elected while his opponents “forgot about you people.” Trump was   Read More ...
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Trump announces Dow Chemical CEO as head of America Manufacturing Council
Story highlights Trump reiterated his talking points about bringing jobs back to the United States Liveris wasn't always a fan of Trump Washington (CNN)Donald Trump announced Friday at a rally in Grand Rapids, Michigan, that Dow Chemical CEO Andrew Liveris will head the American Manufacturing Council in his administration, part of his economic message to "buy American and hire American." The American Manufacturing Council is the principal private sector   Read More ...
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Six Flags CEO to speak during MSU commencement
EAST LANSING — Six Flags Entertainment Corp. CEO John Duffey will speak during Michigan State University’s fall undergraduate commencement ceremonies. Duffey talks Dec. 17 at the morning ceremony. He addresses graduates from the East Lansing school’s colleges of Arts and Letters, Broad Business, Education, Music, Social Science, Residential College in the Arts and Humanities and James Madison. The university alumnus and his wife this year gave $2.5 million to the   Read More ...
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GM CEO Mary Barra tapped for Trump's economic panel
DETROIT - The next appointment to President-elect Donald Trump's team comes from Detroit. Trump has chosen General Motors Chief Executive Officer Mary Barra for the strategic and policy forum, which will advise him on economic issues. Barra said she's pleased to contribute on key policy issues. The President-elect's transition team said the first meeting of the forum will be held at the White House during the first week of February.   Read More ...
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MSU credit union CEO wins Free Press Top Workplaces Leadership Award
Michigan State University Federal Credit Union bills itself as the world’s largest university-based credit union. CEO April Clobes. received high marks by employees for her leadership. Story Highlights MSU Federal Credit Union is the third largest credit union in Michigan. A second building is under construction at near the headquarters and will open in August 2017. EAST LANSING — April Clobes has what looks like an old rented VCR   Read More ...
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Wells Fargo CEO Stumpf retires with $134M
John Stumpf, the embattled CEO of Wells Fargo (WFC), unexpectedly retired from the company on Wednesday effective immediately. Stumpf's move comes just weeks after he was grilled by two congressional panels over the way the bank handled an alleged scam where upwards of 2 million accounts were created by employees without the knowledge of customers. The accounts were allegedly opened so thousands of employees could meet aggressive sales goals set   Read More ...
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Wells Fargo CEO resigns in wake of scandal
New York —Wells Fargo’s embattled CEO John Stumpf is stepping down as the nation’s second-largest bank is roiled by a scandal over its sales practices. The San Francisco bank said Wednesday that Stumpf is retiring effective immediately and also relinquishing his title as chairman. It had earlier announced that Stumpf, the bank’s CEO since 2007, will forfeit $41 million in stock awards. Wells Fargo’s chief operating officer, Tim Sloan, will   Read More ...
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Bass Pro CEO talks to Cabela’s workers about future
Sidney, Neb. — Bass Pro Shops’ CEO has told Cabela’s employees that he won’t plant false hopes about their jobs after his company completes its purchase of the company. But he repeated earlier statements that some operations will stay in the Nebraska town where Cabela’s was founded. Last week’s announcement of the $4.5 billion deal to buy Cabela’s raised questions about the roughly 2,000 people the company employs at its   Read More ...
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GM wants to battle 'brain drain' from Detroit, CEO Barra says
The Detroit automotive industry is closely tied to , especially now that the Motor City is reviving itself after filing for bankruptcy in 2013. GM CEO Mary Barra said people continue to come to southeast Michigan, noting that GM remains true to its general philosophy of "we are going to build where we will sell." Barra touted GM's facilities that remain in the Detroit area even as it and   Read More ...
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