Water-treatment company Nalco Holding Co. on Wednesday said Kathryn Mikells would join the company as chief financial officer after United Airlines and Continental Airlines Inc. complete their planned merger. Get the full story »
Filed under: Chicago executives
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Citadel executive, wife owners of Rezko mansion
From Chicago Magazine | The 30-room Wilmette mansion where the now-imprisoned political wheeler-dealer Tony Rezko threw fundraisers for Barack Obama and Rod Blagojevich is undergoing renovations by its new owners, Dan Johnson, the managing director of Citadel Investment Group, and his wife, Katherine “Katsy” Johnson, an artist.
The couple bought the house from Bank of America for $3.71 million last March through a trust that does not identify them in public records. Chicago Magazine’s Dennis Rodkin said he learned their names last week through a source. Get the full story >>
Apple shares slide on rumor about No. 2 executive
Shares of Apple dropped more than 2 percent in early trading on Tuesday, as rumors swirled that the company’s No. 2 executive was departing.
It was not immediately clear what caused Apple’s shares to fall, but unconfirmed speculation on the Internet said Tim Cook would leave Apple to join Hewlett-Packard Co, which is searching for a new CEO to replace Mark Hurd.
Representatives from Apple and Hewlett-Packard declined to comment, and analysts quickly dismissed the rumor. HP is holding its analyst meeting later Tuesday. Get the full story »
USG names James Metcalf CEO
USG Corp., the largest U.S. maker of gypsum wallboard, said James S. Metcalf will take over as chief executive officer from William C. Foote on Jan. 1 as the company tries to reverse 11 consecutive quarters of losses.
Metcalf, 52, who joined the sales force in 1980, has been president and chief operating officer of Chicago-based USG for the last four years, the company said in a statement. Foote, who is 59 years old and has been CEO for 15 years, will continue as chairman. Get the full story »
Northwestern Memorial’s Prentice obstetrics chair to resign
Dr. Sherman Elias, the top obstetrician at Northwestern Memorial Hospital’s Prentice Women’s Hospital, is resigning.
Elias, Chairman of the Department of Obstetrics and Gynecology at Northwestern University’s Feinberg School of Medicine, will resign at the end of the year after seven years, the medical school confirmed to the Tribune.
Elias’ departure is viewed as a surprise, according to sources inside the hospital and medical school. He could not be reached Friday evening for comment. Get the full story »
Dimon has contract on Gold Coast mansion
From Crain’s Chicago Business | Three weeks after the price was lowered on the eight-bedroom Gold Coast mansion owned by J. P. Morgan Chase & Co. CEO Jamie Dimon, the property is under contract for $6.95 million. Dimon first put the 13,500-square-foot property at 25 E. Banks St. on the market in April 2007, asking price of $13.5 million. Get the full story >>
CFO leaves NFL to return to Goldman Sachs
The National Football League’s chief financial officer is leaving after two years to return to Goldman Sachs Group Inc., the league announced on Monday.
Anthony Noto, 42, will leave the NFL Oct. 4 and rejoin Goldman Sachs as co-head of the global media group within its investment banking division, working with Andy Gordon in New York. Get the full story »
Verizon names McAdam COO, likely next CEO
Verizon Communications said on Monday it named Lowell McAdam its president and chief operating officer, setting the veteran executive up as the successor to Chief Executive Ivan Seidenberg.
McAdam, currently chief executive of Verizon Wireless, a venture of Verizon and Vodafone Group Plc, will take up his new role October 1. Get the full story »
GM veteran to lead Volkswagen in U.S.
Volkswagen has named a former Ford and GM executive to lead the German automaker’s ambitious growth plans in the U.S. Get the full story »
Head of local Fifth Third Bank is leaving
Chip Reeves, president of Fifth Third Bank’s operations in Chicago since 2008, is heading back to Ohio.
The 20-year Fifth Third veteran has accepted a new position within the Bancorp Special Assets Group effective Oct. 1. SAG is a high-end securities division of the bank.
A search is underway for a new Illinois-area president Get the full story »
MillerCoors grooms Tom Long, its No. 2
From The Wall Street Journal | MillerCoors LLC’s No. 2 executive, Tom Long, will share an office with Chief Executive Leo Kiely, the brewer told employees, in the latest sign that the company is grooming Mr. Long to lead the second-largest U.S. beer maker by sales.
Ex-RR executive tapped to head Burger King
Burger King’s soon-to-be new owners have named a former Latin American railroad executive to be CEO of the fast-food chain after the $3.26 billion deal goes through.
The appointment of Bernardo Hees by 3G Capital is a signal that the investment firm is serious about expanding the Burger King brand further into Latin America and elsewhere abroad. Get the full story »
Peter Butler named president of Rush
Long-time Rush University Medical Center executive Peter Butler was named president of the West Side academic medical center, the hospital’s top executive said. Get the full story »