From Crain’s Chicago Business | Fortune Brands Inc. Chairman-CEO Bruce Carbonari received $11.24 million in total compensation during fiscal 2010, 12 percent less than the $12.84 million he earned the year before, according to the company’s proxy filing to the Securities and Exchange Commission. | Get the full story>>
Filed under: Chicago executives
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
March 7 at 7:00 p.m.
Comments Off
Filed under: Chicago executives, Health care, Hospitals, Personnel moves Hospira taps Allergan president as new CEO
F. Michael (Mike) Ball.
Hospira Inc. has named F. Michael Ball, president of Botox maker Allergan Inc., as its next top executive, succeeding the only CEO the Lake Forest-based maker of generic injectable drugs has had since it was spun off from Abbott Laboratories.
Ball, 55, will Hospira become chief executive March 28, replacing Christopher Begley, who will retire after nearly seven years in the top job, the company announced late Monday. Hospira was spun off as a public company from North Chicago-based Abbott Laboratories in 2004. Get the full story »
Tim Weigel’s son to do weekend sports on Ch. 7
Tower Ticker | Rafer Weigel is poised to follow in the footsteps of his father, the late Tim Weigel, by joining Chicago’s WLS-Ch. 7 as a sportscaster.
The TV industry subscription news site NewsBlues.com on Thursday reported Weigel has left HLN’s’ popular “Morning Express with Robin Meade,” where he has handled sports for three years. “Tipsters claim he walked out on his contract and has been hired as the weekend sports anchor/reporter at ABC-owned WLS,” the site said.
HLN sources say Weigel’s exit, but not his destination, was announced to “Morning Express” staff. WLS had no comment. Weigel could not be reached for comment.
Heidrick & Struggles CFO retiring to get Ph.D
Heidrick & Struggles International Inc. said Wednesday that Chief Financial Officer Scott Krenz is retiring after three years with the company to pursue a PhD in history.
The Chicago-based executive-search firm said Krenz, 59, will depart after the company files its 2010 annual report and completes the first quarter ending March 31. Get the full story »
WGN America promotes Marenghi to GM
Tower Ticker | Julio Marenghi has been promoted to executive vice president and general manager for Chicago Tribune parent Tribune Co.’s WGN America channel.
Previously WGN America’s executive vice president of sales and distribution for the national cable network, Marenghi will take on responsibility for managing the national channel’s operations, assisting in programming decisions and managing overall financial performance in addition to his current duties leading all top line sales efforts and growing distribution.
Melissa Bean to be CEO of Executives’ Club
Melissa Bean. (Nancy Stone/Chicago Tribune)
By Becky Yerak and Melissa Harris | Melissa Bean, the Barrington Democrat recently ousted from her U.S. House seat after three terms, has been hired as the new chief executive of the Executives’ Club of Chicago.
Before entering the world of politics, Bean worked in sales and management for high-tech companies, including a Motorola unit, Nortel and Arrow Electronics. She later started her own consulting firm to the tech industry, advising clients that included Anixter, Intel and Microsoft. She was elected to Congress in 2004.
Bean replaces Kaarina Koskenalusta, who resigned from the business forum last October after 25 years at the helm. Get the full story »
Sears CEO to get $7.2M, plus commuting costs
From Chain Store Age | Sears Holdings Corp. in a regulatory filing reported that its newly named CEO Louis J. D’Ambrosio will be compensated $7.2 million and a charter airplane for his commute from Pennsylvania to Illinois. Get the full story>>
CME Group can make it alone, chairman says
CME Group Inc. can stay competitive without joining the merger and acquisition frenzy that has caught up financial exchanges globally, Executive Chairman Terrence Duffy told Reuters Insider Friday.
The tie-ups, including London Stock Exchange’s plan to buy Canada’s TMX Group, and Germany Deutsche Boerse’s agreement to buy NYSE Euronext, have sparked speculation over whether futures exchange operator CME would need to bulk up. Get the full story »
Sears names IBM veteran its CEO
Sears Holdings Corp. named IBM veteran Lou D’Ambrosio CEO and president, effective Thursday.
D’Ambrosio succeeds W. Bruce Johnson, who has served as interim CEO and president since January 2008. Get the full story »
Huron Consulting shuffles executive team
Huron Consulting Group Inc., the Chicago-based company formed by partners from collapsed accounting firm Arthur Andersen, said Tuesday that it will rearrange its executive suite this morning, with the goal of “supporting the company’s long-term growth plan.” Get the full story »
Kronos Foods picks new president
Kronos Foods Corp., the Glendale Heights-based manufacturer of gyros and other Mediterranean foods, has appointed Howard Eirinberg as president, a newly-created position, effective immediately. Kronos is a subsidiary of Kronos Foods Inc.
Eirinberg, 51, was previously president and COO of Chicago-based Vienna Beef, Ltd. In eight years with the company, he is credited with the developing new products, introducing them into new channels, and building the company’s brand awareness. Get the full story »
Feb. 21 at 12:47 p.m.
Comments Off
Filed under: Advertising/Marketing, Chicago executives, Personnel moves, Tourism Convention bureau snaps up another Indy exec
While Indiana is gunning for Illinois businesses, the Chicago Convention & Tourism Bureau poached a second key convention and tourism official from Indianapolis.
Warren Wilkinson, 51, has been named senior vice president, marketing and communications, at the bureau, which is restructuring its management staff. Get the full story »
Discover CEO’s pay almost doubles in 2010
Discover Financial Services Co. said Chairman and Chief Executive David Nelms received compensation valued at about $8.5 million in fiscal 2010, almost double from the prior year.
The credit card issuer said in a regulatory filing Friday that Nelms’ base salary increased to $4.55 million from $1 million the previous year. His salary was made up of $1 million in cash and $3.55 million in stock. Get the full story »
Feb. 15 at 11:18 a.m.
Comments Off
Filed under: Corporate governance, Personnel moves, Pharmaceuticals Baxter declares 31-cent dividend
Drug and medical device maker Baxter International Inc. said Tuesday that its board declared a quarterly dividend of 31 cents per share.
The Deerfield-based company said the dividend is payable April 1 to shareholders of record as of the close of business March 10. Get the full story »
Navistar adds Gen. McChrystal to board
Warrenville-based truck and bus manufacturer Navistar International Corp. has named retired Gen. Stanley A. McChrystal, the former top U.S. commander in Afghanistan, to its board. Get the full story »
