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...“For that it is sometimes good to have a fresh pair of eyes and someone who comes from a different industry, and that’s what happened with Luciano.”...
...DeSouza told analysts the drama was only affecting “a very small part of the company”....
...Vale announced that José Luciano Duarte Penido was stepping down from its board of directors on Monday evening....
...Illumina said on Sunday that the company’s board of directors had accepted deSouza’s immediate resignation and begun a search for a replacement....
...Luciano also stressed in a message to all staff that the probe into the nutrition business would not “materially affect our overall results”....
...“When we become aware of potential issues, we take the time to analyse, to understand and to fix them if needed, with transparency,” Juan Luciano, CEO of the US agribusiness, wrote in a memo....
...Francis deSouza voice clip We expect to get decisions around the two most important (pause) appeals in that timeframe. Nicholas Megaw So about a couple of months after, deSouza resigned....
...In 2022, the nutrition division’s operating profit grew by just 6.5 per cent, a far cry from double-digit growth rates touted by Luciano a few years ago....
...commitment to compliance and integrity in our financial reporting is evidenced by the diligence and breadth with which the audit committee has conducted its internal investigation,” ADM’s chief executive Juan Luciano...
...“He comes with a core [genomics] background, which was critical in our mind given the context of previous hire [deSouza] being outside the industry,” said Kumar....
...Former Illumina chief executive Francis deSouza resigned shortly afterwards and the company was fined €432mn for closing the deal without approval from European officials. Read more on Illumina here...
...Disney said board member Francis deSouza will not stand for re-election at the annual meeting scheduled for next spring....
...Building up the nutrition business was a priority for chief executive Juan Luciano. But the unit has struggled lately as demand for plant-based protein has waned....
...In June, Illumina chief executive Francis deSouza resigned following a bruising proxy battle with activist investor Carl Icahn....
...Thompson was chief executive of computer security group Symantec at the time of its February 2006 acquisition of IMlogic, a company founded and led by deSouza....
...The recommendation that shareholders withdraw their support for chief executive Francis deSouza and chair John Thompson is a boost for activist investor Carl Icahn, who has launched a proxy battle against...
...With a sharp eye and no less sharp pen, essays on reggae and politics chart the fight to establish a black British identity. He’s a laureate of the untreasured....
...Activist investor Carl Icahn attacked the deal as reckless and pushed for the exit of Illumina’s longstanding chief executive Francis deSouza, who in June agreed to step down....
...The disclosure in a preliminary proxy filing on Thursday shows the company issued a special grant of stock options worth $12.5mn to deSouza as a retention incentive due to the “highly competitive talent...
...Job Moves José Luciano Duarte Penido stepped down from Vale’s board of directors alleging “nefarious political influence” surrounding the Brazilian miner’s succession process for its next chief executive...
...In a separate presentation to shareholders Illumina said it had been deliberate in its refreshment of its board and alleged Icahn was “deluded” when he alleged that deSouza had played a role in appointing...
...What does DeSouza’s leaving mean for them?...
...The 87-year-old investor also alleged the board lacked independence and that most directors were handpicked by deSouza....
...The disclosure in a preliminary proxy filing on Thursday showed the world’s biggest genome sequencing company issued a special grant of stock options worth $12.5mn to deSouza as a retention incentive because...
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