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...Mostaque told the Financial Times that he retained his shares but was handing over voting control to other board members who would prioritise open source and the company....
...Meanwhile, the chaos of a fractured board and allegations of a toxic workplace culture during the Kalanick era appear to have subsided....
...The additions bring Meta’s board to 11 members....
...“Toni has been a major contributor to the success of LVMH . . . an essential partner to me and a very important member of the LVMH family,” Arnault said....
...Sir John Sawers, the former head of MI6, will also step down from the BP board in April, after nine years of service....
...However, the former head of Anglo American also stressed: “There’s no indication that there won’t be an appropriate process to find a successor.”...
...Calhoun, who was paid $65mn in salary and incentives in his first three years as chief executive, told CNBC on Monday that as a Boeing board member he too would have a view on who should succeed him, saying...
...The smoke gathering over a ‘dark kitchen’ empire When Microsoft backed Travis Kalanick’s “ghost kitchen” start-up several years ago, it was the only major Silicon Valley investor disclosed to have followed...
...Uber’s board members, for example, struggled to regulate the behaviour of co-founder Travis Kalanick as a series of mishaps and scandals began to unfold....
...Aurubis said supervisory board member Markus Kramer, a former executive at chemical group BASF, would join the executive team from March, adding that recruitment for replacements had begun....
...Trust between non-executive directors and corporate leadership teams could also break down if executives thought board members were competitors for the CEO job....
...A former McKinsey consultant, Rickenbacher became CEO of Julius Baer in 2019 after the departure of Boris Collardi to rival Pictet....
...Asked to comment on the effort to remove Moritz, Sequoia said: “As we engaged with the company with a new board member, we realised there were a series of governance changes that needed to be made to set...
...Former CEO Sarah Bentley left the company in June....
...Nikola reiterated its support for its current board including Steve Girsky, its current CEO, a former General Motors executive who as an investor had helped Nikola list its shares....
...Several rival bidders as well as Conservative members of parliament accused RedBird IMI of being a front for an authoritarian regime, which could try to influence UK politics....
...Diesel, says his father, has been helping him get to grips with the tech industry by introducing him to Silicon Valley entrepreneurs such as Elon Musk, Sam Altman and Travis Kalanick....
...Under an “agreement in principle”, Altman will serve under the supervision of a new board of directors, consisting initially of former Salesforce chief executive Bret Taylor as chair; former US Treasury...
...The fund is withholding support for Peltz and Jay Rasulo, a former chief financial officer at Disney for whom Peltz is also seeking a board seat, according to a disclosure on its website....
...Peltz secured a board seat for his son-in-law, and then in October 2018 got Immelt’s successor John Flannery replaced by CEO Larry Culp....
...Larry Kellner, chair of the company, will also not stand for re-election to the board. He will be replaced by former Qualcomm chief executive Steve Mollenkopf....
...Walt Disney has appointed two new directors — outgoing Morgan Stanley chair and chief executive James Gorman and Sir Jeremy Darroch, former group CEO of Sky — just days before activist investor Nelson Peltz...
...D’Angelo remains at the company on the new board, with the other initial members being Taylor and former US Treasury secretary Larry Summers....
...“Given the potential for market-signalling challenges when removing a Reserve Board board member, we encourage the board to consider assessing the current policy.”...
...Three new board members are expected to be appointed in coming weeks, according to two people familiar with the matter....
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