Unitrin Inc. said Wednesday that it named Dennis R. Vigneau as chief financial officer and senior vice president.
Inside these posts: CEOs
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Walgreen Co. CEO gets nearly 30% pay boost on bonus
The CEO of Walgreen Co. made nearly 30 percent more in fiscal 2010 because of a boost in his performance-related bonus as the nation’s largest drugstore chain improved profits and revenue despite the down economy.
Nov. 3, 2010 at 11:24 a.m.
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Filed under: Food, Hotels, Personnel moves, Restaurants, Retail, Updated McDonald’s European chief to run Accor Hotels
McDonald’s announced today that European president Denis Hennequin will resign to become Chief Executive Officer of the Accor Hotel Group. His departure will be effective at the end of the month.
Before Don Thompson’s promotion to president and chief operating officer early this year, Hennequin was considered to be a dark horse candidate for the position, which is widely considered to be CEO-in-waiting. Jim Skinner, the current CEO, is 66.
“Denis’ leadership made a tangible difference in our key segment of Europe,” Skinner said in a statement. ”The European team’s dedication to our Plan to Win business strategy elevated the restaurant experience for our customers. We wish Denis well in his new role at Accor.” Get the full story »
Nov. 3, 2010 at 11:06 a.m.
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Filed under: Advertising/Marketing, Chicago executives, Insurance, Internet, Personnel moves, Technology Search engine firm TalentDrive hires Allstate exec
TalentDrive, the Chicago-based online resume search engine company founded by a former Leo Burnett executive, has hired former Allstate Corp. manager Jeff Tomaszewski as its chief technology officer.
TalentDrive’s chief executive is Sean Bisceglia, who in 1998 sold his technology marketing firm to Leo Burnett and later became the ad firm’s technology group CEO.
In May TalentDrive was highlighted in a U.S. News & World Report article on “How to Stand Out from the Crowd.” The company’s search engine is called TalentFilter. Get the full story »
ICE details staff cuts at Chicago Climate Exchange
Intercontinental Exchange Inc. is shedding some 40 employees from its U.S. environment bourse Chicago Climate Exchange (CCX) by the end of the year, with further cuts in 2011, ICE’s chief financial officer said. “We had about 66 people when we bought the company. I think we’ll be closer to 25 by the end of the year. And then we’ll reduce further into the first quarter,” Scott Hill told a conference call following a company earnings update this week.
The futures exchange group reported a stronger-than-expected 15 percent rise in quarterly profit on Monday.
Industry sources told Reuters in August that ICE had started to make layoffs at CCX in July due to the lack of U.S. action on climate change. Get the full story »
Weak cereal sales hurt Kellogg’s 3Q results
Kellogg Co. said Tuesday that a drop in cereal sales, intense competition and the lingering impact of some of the largest food recalls in the company’s history have made 2010 a difficult and disappointing year. Get the full story »
Federal Signal names Martin president, CEO
Federal Signal Corp. said Monday that Dennis Martin has been named president and chief executive officer, following the resignation of William H. Osborne. Get the full story »
EBay to get new look, add recommendations
As eBay Inc. prepares for a critical holiday shopping season, the company this week plans to unveil new elements of an overhaul in how shoppers find and buy products on its Web site.
Behind the new look, which includes eBay’s first major home-page redesign in nearly four years, is an urgent effort to close a technology gap that has caused the onetime Web pioneer to lag behind rivals like Amazon.com Inc. Amazon for years has had many of the same features that eBay is adding. Get the full story »
Smurfit-Stone 3Q earnings down 4.4%
Smurfit-Stone Container Corp.’s third-quarter earnings fell 4.4 percent excluding preferred-dividend impacts as the packaging company reported higher revenue and margins on price hikes, but was hurt by income-tax impacts. Get the full story »
Oct. 28, 2010 at 2:25 p.m.
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Filed under: Agriculture/Farming, Chicago executives, Personnel moves ADM realigns senior leadership, names new CFO
U.S. agricultural processor Archer Daniels Midland Co. announced on Thursday it would realign its senior leadership as part of its long term growth strategy.
Ray Young was named the company’s new chief financial officer, effective Dec. 1, joining ADM from General Motors, where he was vice president of international operation in Shanghai, China, the company said in a statement. Get the full story »
Gas City files Ch. 11, up for sale
Gas City, Ltd., the Frankfort-based operator of 55 gas stations, sought Chapter 11 protection from creditors late Tuesday and plans to put itself up for sale.
The bankruptcy filing, made in U.S. Bankruptcy Court for the Northern District of Illinois, listed estimated assets of between $50 million and $100 million and liabilities of between $100 million and $500 million. According to the court documents, Gas City has between 1,000 and 5,000 creditors. Get the full story »
Oct. 26, 2010 at 10:02 a.m.
Filed under: Chicago executives, Earnings, Management, Personnel moves, Pharmaceuticals Hospira board has ’short list’ for new CEO
Hospira Inc. chief executive officer Christopher Begley said this morning that the company’s board will be interviewing candidates to succeed him in the next two months from a newly-created “short list.”
Begley, the top executive of the Lake Forest-based generic drug and device maker, told Wall Street analysts on the company’s third-quarter earnings call that “several dozen” applicants for his job have been pared down to a “short list.” Get the full story »
PrivateBancorp swings to profit in 3Q
PrivateBancorp, Inc., said it returned to profitability in the third quarter as a result of new loan growth. The Chicago-based bank on Tuesday reported net income of $4.5 million, or 6 cents a share for the third quarter, compared with a net loss of $31.2 million, or 68 cents a share, in the year-ago period. Get the full story »
Morgan Stanley adds Caterpillar’s Owens to board
Morgan Stanley added Caterpillar Inc. Chairman James Owens to its board of directors, the Wall Street bank said on Monday.
The addition of Owens, 64, brings Morgan Stanley’s board to 13 members. Get the full story »
