Chief Executive Officers

Former Ford CEO takes new gig in private equity

detroitnews.com

Former Ford CEO takes new gig in private equity


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Art Van Furniture's CEO asks employees: Has anyone tried to fire you?

freep.com

Art Van Furniture's CEO asks employees: Has anyone tried to fire you?


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Kim Yost, President and CEO of Art Van, was fired three times

freep.com

Kim Yost, President and CEO of Art Van, was fired three times


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Ford CEO Hackett to outline plan to Wall Street

detroitnews.com

Ford CEO Hackett to outline plan to Wall Street


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Equifax dumps CEO in wake of damaging data breach

detroitnews.com

Equifax dumps CEO in wake of damaging data breach


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Jemison named Detroit Economic Growth Corp.'s CEO

detroitnews.com

Jemison named Detroit Economic Growth Corp.'s CEO


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Fashion CEO planning hub for Detroit

detroitnews.com

Fashion CEO planning hub for Detroit


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Popular Stories

Meg Whitman stepping down as HP Enterprise CEO
New York – Meg Whitman, who oversaw the breakup of one of Silicon Valley’s pioneering companies, is stepping down as CEO of Hewlett Packard Enterprise Co. HPE said Tuesday that Whitman will hand over the reins of the company to its president, Antonio Neri, on Feb. 1. Whitman, 61, took over in 2011 at the former Hewlett-Packard Co., a company founded in 1939 and for years a tech bellwether   Read More ...
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What most CEOs won't tell you about GOP tax plan
Republicans celebrate before TV cameras after they rammed a near $1.5 trillion package overhauling corporate and personal taxes through the House, edging President Donald Trump and the GOP toward their first big legislative triumph this year. (Nov. 16) How do I know what CEO’s are thinking? I’m one of them. A little bit about me: I’ve grown a small business into a business with cafés and industrial facilities in six states and the District of Columbia   Read More ...
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Lear CEO Matthew Simoncini to retire
Lear Corp. CEO Matthew Simoncini will retire Feb. 28, the company confirmed Thursday. Simoncini, 56, has led the Southfield-based automotive supplier since 2011. Ray Scott, currently a company executive vice president and president of seating, will replace Simoncini as president and CEO. Simoncini will remain with the company in an advisory role through the end of 2018. “It was time,” Simoncini told The Detroit News in an interview   Read More ...
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Ford appoints former KPMG International CEO to board
Share This Story! Let friends in your social network know what you are reading about. Facebook Ford appoints former KPMG International CEO to board John Veihmeyer’s appointment is effective Dec. 1 Posted! A link has been posted to your Facebook feed.   Read More ...
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Uber CEO blames Lyft for its failure to make a profit
Fierce competition from Lyft is holding Uber back from profit in the United States, Uber CEO Dara Khosrowshahi said Thursday. Khosrowshahi said ride-hailing competitor Lyft’s heavy spending on subsidies to keep the cost of rides low has forced Uber to continue doing the same, leading to financial losses. “The U.S. is very competitive right now, between us and Lyft, so I don’t see the U   Read More ...
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CEO Jim Hackett says Ford is more than a mobility company: 'My business is computing'
We sit down with Jim Hackett, Ford Motor Company's new CEO, to talk about his new position and the company's future. Kimberly P. Mitchell/Detroit Free Press. Ford CEO Jim Hackett, in remarks Thursday at the Business Leaders for Michigan Summit, characterized Ford as an evolving data company rather than just a mobility or transportation company. "Now my vehicle is a rolling computer," he told a capacity crowd in the ballroom of the Westin Book Cadillac Detroit   Read More ...
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Ford CEO wants to make the iPhone of self-driving cars
Ford Motor Co. CEO Jim Hackett wants his company to build the iPhone of self-driving cars. That was one of the points Hackett touched on Thursday as he talked about his rise to the top of Ford, how difficult it would be to explain the rules of the road if he were riding in a Ford Mustang with a Martian – and Ford’s position as an automotive and technology company   Read More ...
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Top Workplaces 2017: United Shore CEO and other top leaders say teamwork, coaching are key
Buy Photo. United Shore has all the cool workplace perks you'd expect at a company whose CEO once played for Michigan State men's basketball coach Tom Izzo. An expansive fitness center on-site at the wholesale mortgage lender's impressive Troy headquarters. A spot where you can rent a bike to take a break off-site. Two VIP rooms where star performers earn a chance to unwind and play Pop-a-Shot, a basketball arcade game   Read More ...
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Dunkin’ CEO: We will always make the doughnuts
New York — Dunkin’ Donuts is still deciding whether to drop the second part of its name, but the doughy treats won’t be disappearing from the menu. CEO Nigel Travis said Thursday that the chain wants to remain the “No. 1 retailer of doughnuts.” He said a second store with just the Dunkin’ name will open in Quincy, Massachusetts, the city where the company was founded, in the next year or so   Read More ...
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Ford Management Shakeup: Executive departures announced on eve of earnings report
Ford shook up its top ranks Tuesday, including the exits of Stephen Odell and John Casesa, as CEO Jim Hackett assembles his new leadership team. In addition, Ford promoted five women fewer than 48 hours before the scheduled third quarter earnings report. Odell, the vice president of global marketing, sales and service once viewed as a dark horse for CEO, leaves after 37 years with Ford   Read More ...
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DTE CEO honored by Detroit Goodfellows
A charity Friday honored DTE Energy’s chairman and CEO for his leadership and vision in reshaping Detroit. The Old Newsboys Goodfellow Fund of Detroit presented Gerry Anderson with its Edward H. McNamara Goodfellow of the Year award. Anderson was given the award at the Detroit Goodfellows’ 28th annual Tribute Breakfast at Cobo Center in downtown Detroit. Corporate representatives, community leaders and elected officials, including U   Read More ...
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Jesse Jackson pushes Ford CEO for diversity, access
Buy Photo. The Rev. Jesse Jackson Sr. told Ford Motor Co. CEO Jim Hackett on Friday that he needs to be less insulated from suppliers owned by minorities and women, saying that’s the only way their presence in the automotive industry will improve. Hackett agreed. The comments came near the end of a morning discussion at the Rainbow Push Coalition’s annual automotive summit in Detroit   Read More ...
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Former Ford CEO takes new gig in private equity
Former Ford CEO Mark Fields’ next role is in private equity. Fields recently began working as a senior adviser for global private equity firm TPG Capital, the company announced. Fields was let go from Ford in late May. “At TPG, we are focused on developing investment along secular themes, seeking value creation opportunities created by major economic, technological and social changes, such as the rise of e-commerce, smart devices, sophisticated outsourced services and big data,” Jack Daly, partner at TPG, said in a news release   Read More ...
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Former Ford CEO Mark Fields lands gig with private equity firm
Former Ford CEO Mark Fields has a new job. Fields, who was forced out of his post at Ford in May, will be a senior adviser at TPG Capital, a global private equity firm. Fields, who was replaced at Ford by former Steelcase CEO Jim Hackett, oversaw a profitable Ford but the company’s stock lost substantial value during his tenure. In a news release marking the announcement Tuesday, TPG said Fields, who spent 28 years at the Dearborn automaker, would work with the firm’s industrials team, looking for ways to create change and innovation   Read More ...
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With a little flash and a lot of drive, CEO Lynn Tilton inspires women in business
Lynn Tilton’s simply no nonsense when it comes to running her businesses. The 58-year-old self-made entrepreneur is a blend of Warren Buffett, Beyonce and Donald Trump — whose bravado cannot be disputed. As CEO of Patriarch Partners LLC, a private investment firm, she is one of the most successful business women in America. She has invested and restructured 243 firms with combined revenues in excess of $100 billion, representing more than 675,000 jobs, since 2000   Read More ...
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Art Van Furniture's CEO asks employees: Has anyone tried to fire you?
New President and CEO Kim Yost recalls the time he was fired three times while working at Woodwards, where he started his career in retail. Kimberly P. Mitchell/ Detroit Free Press. Buy Photo. In his first job, Kim Yost — now president and CEO of Art Van Furniture — was fired. It was in the 1970s and the then-teenager was working in the furniture department of Woodward's, a staid Canadian retailer   Read More ...
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Kim Yost, President and CEO of Art Van, was fired three times
New President and CEO Kim Yost recalls the time he was fired three times while working at Woodwards, where he started his career in retail.   Read More ...
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Ford CEO Hackett to outline plan to Wall Street
Ford CEO Jim Hackett will have the chance to prove that he’s the change agent Bill Ford wants him to be. The industry outsider on Tuesday afternoon will lay out for investors his strategic plan for the 114-year-old automaker. If anxious investors and a board of directors looking for magic from the auto industry outsider weren’t impetus enough for a rousing plan for the future, rival General Motors Co   Read More ...
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Fiat Chrysler CEO focuses on goals amid tech doubts
Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne said he’s focusing on the Italian-American carmaker’s five-year strategy as the auto industry grapples with its biggest-ever challenges, stemming from new electric and self-driving technologies. Battery-powered autos have yet to become profitable, with the company losing as much as $20,000 a car on its Fiat 500 subcompact’s electric version, Marchionne said Monday in a speech at a university event in Rovereto, Italy   Read More ...
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Kellogg's CEO steps down as cereal sales stagnate, Nature's Bounty executive to take over
Kellogg's CEO John Bryant is stepping down next week after seven years leading the Battle Creek cereal maker, and a company outsider, Steven Cahillane, is stepping into the executive role, the global food conglomerate announced today. The leadership change comes as Kellogg -- which bills itself as the world’s leading cereal company -- aims to adjust to falling revenues and cereal's declining reputation, especially among young consumers, as a healthy food   Read More ...
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New Equifax CEO: Sorry for hack, bad customer service
New York — Equifax, under pressure from a massive data breach, is apologizing and trying again to make amends to consumers. Its new interim CEO — installed this week after the previous chief executive announced his retirement — offered his “sincere and total apology” to the customers impacted, in an opinion piece in The Wall Street Journal. The apology comes ahead of hearings next week, when company executives will face Congress to explain to angry politicians how the company ended up exposing the personal information of 143 million Americans   Read More ...
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Kellogg chooses vitamin executive as next CEO
New York — Kellogg’s CEO is retiring and will be succeeded by an executive from a vitamin and protein bar company, as packaged food makers around the world try to keep customers who are looking for healthier products. The maker of Frosted Flakes, Pop-Tarts and Eggo waffles said Chief Executive John Bryant will be replaced by Steven Cahillane, an executive from The Nature’s Bounty Co   Read More ...
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100 days in, Ford CEO Hackett must articulate vision
It’s time to deliver for Ford Motor Co. CEO Jim Hackett. The auto industry outsider hired to guide the company through an uncertain transition into mobility, electrification and self-driving cars is methodically pushing for a new mindset in Ford’s infamously insular culture. That’s exactly what Wall Street — and the automaker’s board of directors — want to see. A strategic update set for late afternoon Tuesday in New York is raising expectations among investors and industry analysts that the Blue Oval’s new CEO will begin to deliver what one analyst called “profound cultural and structural change” to the 114-year-old automaker   Read More ...
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Bankole: Two CEOs on broadening Detroit’s recovery
Dan Loepp, the president and CEO of Blue Cross Blue Shield of Michigan, and Gerry Anderson, the chairman and CEO of DTE Energy, are regarded to be among the important business leaders in Detroit. One in health care and the other in the energy business — two far-reaching industries — they each see Detroit’s trajectory as intertwined with the future of their companies that have headquarters in downtown and employ thousands of people including Detroiters   Read More ...
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Equifax dumps CEO in wake of damaging data breach
New York — Equifax CEO Richard Smith is retiring effective immediately as the credit reporting agency tries to clean up the mess left by a damaging data breach that exposed highly sensitive information about 143 million Americans. The shake-up announced Tuesday comes after Equifax disclosed that hackers exploited a software flaw that the company didn’t fix to heist Social Security numbers, birthdates and other personal data that provide the keys to identify theft   Read More ...
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Jemison named Detroit Economic Growth Corp.'s CEO
The nonprofit working with the city of Detroit and others to help and attract businesses has a new chief. Arthur Jemison, director of the city's Housing & Revitalization Department, was named CEO of the Detroit Economic Growth Corporation Friday, officials said. He was appointed by the group's board of directors and will start in his new role on Dec. 15. “The DEGC Board oversaw a very thorough and deliberate search process that included local and national candidates with proven success in economic revitalization,” James Vella, chairman of the DEGC's board, said   Read More ...
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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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