Aon Corp.’s Chief Operating Officer Andrew Appel will step down at the end of the year, the world’s largest insurance brokerage said. Get the full story »
Filed under: Chicago executives
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Tribune Co. seeks approval for new bonus plan ‎
Tribune Co. is asking a Delaware bankruptcy judge to approve up to $43 million in bonuses for top executives and managers this year.
The plan calls for some 640 people to receive bonuses totaling from $16.5 million to $42.9 million if certain cash flow targets are met. The request will be the subject of a hearing Wednesday.
Tribune scaled back the incentive plan this summer after complaints from creditors and an employees union. Get the full story »
After setbacks, CME chief stakes out new ground
Craig Donohue. (Yoshikazu Tsuno/AFP/Getty Images)
Bruised by two big setbacks this year, the CME’s Craig Donohue is staking out new ground in a landscape ripped up and reseeded by the financial crisis.
CME Group Inc., the world’s largest operator of derivatives exchanges, was an obvious beneficiary of the crisis as regulators clamped down on over-the-counter swaps markets blamed for the 2007-2009 crisis.
But Chief Executive Donohue’s early attempts to clear credit derivatives and on another front, to block limits on speculative commodities trades, have stumbled. Get the full story »
Bunge buys two Indiana grain elevators
Bunge North America, a division of agribusiness giant Bunge Ltd., said it bought Indiana-based Morristown Grain Co Inc, which includes two grain elevators in Morristown and Rushville. Get the full story »
Nov. 5, 2010 at 3:39 p.m.
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Filed under: Chicago executives, Food, International, Personnel moves McDonald’s names new European head
Two days after the head of its European business unexpectedly resigned, McDonald’s Corp. found his replacement.
Steve Easterbrook, the burger chain’s global chief brand officer, will become president of McDonald’s Europe on Dec. 1. He succeeds Denis Hennequin, who resigned Wednesday to become chief executive officer of Accor Hotels Group. Get the full story »
Fifth Third Bank beefs up executive ranks
Fifth Third Bank, which ranks eighth in deposit market share in the Chicago area, has made four new hires in the local market.
Emilio Di Cesare, 35, previously assistant vice president for HSBC, has been named vice president and business banking relationship manager. The graduate of DePaul University and the University of Chicago Booth School of Business lives in Roselle. Get the full story »
Nov. 4, 2010 at 11:26 a.m.
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Filed under: Chicago executives, Health care, Personnel moves, Updated American Medical Association CEO to step down
The chief executive officer of the American Medical Association will step down when his contract expires next June as the Chicago-based national doctor group embarks on an uncertain political environment for physicians under the health care overhaul law.
Dr. Michael Maves, who is 62 years old, has served as the organization’s top administrator since 2001, working under the direction of the AMA’s board of trustees. Maves said in a statement that the end of his contract presents an opportunity to transition to new leadership for the AMA, the nation’s largest doctor group with more than 200,000 member physicians. Get the full story »
Nov. 4, 2010 at 11:25 a.m.
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Filed under: Chicago executives, Pharmaceuticals, Retail, Updated Walgreen Co. CEO emphasizes health, wellness
Walgreens chief executive officer Greg Wasson this morning said the drugstore chain will step up investments in services to help Americans manage chronic diseases, saying the company wants to capitalize on what he called the “retailization” of the nation’s health care system.
The Deerfield-based pharmacy giant, meeting with Wall Street analysts and investors, said it wants to continue to expand its network of medical care providers and the services they provide. Walgreens increasingly has been lobbying to give pharmacists a greater role in medical care such as providing immunizations in its stores as well as establishing retail health clinics staffed by nurse practitioners. Get the full story »
Unitrin appoints new chief financial officer
Unitrin Inc. said Wednesday that it named Dennis R. Vigneau as chief financial officer and senior vice president.
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. Â ”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 »
Nov. 1, 2010 at 1:56 p.m.
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Filed under: Chicago executives, Manufacturing, Personnel moves New Caterpillar CEO takes over as chairman too
Caterpillar Inc.’s new CEO Doug Oberhelman is now also chairman at the world’s largest maker of mining and construction equipment.
Oberhelman became chairman Monday after the retirement of Jim Owens. Get the full story »
Nov. 1, 2010 at 1:45 p.m.
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Filed under: Exchanges, Investing, Personnel moves, Regulations Ex-federal prosecutor to head CFTC enforcement
A former Manhattan-based federal prosecutor was appointed Monday as the new director of enforcement for the Commodity Futures Trading Commission.
David Meister, who is an attorney at Skadden Arps, will replace Acting Enforcement Director Vincent McGonagle. Before joining Skadden, Meisteer was an assistant U.S. attorney in New York’s Southern District, where he was on the office’s Securities and Commodities Fraud Task Force. 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 »
