By Melissa Harris
Kaarina Koskenalusta, the president of the Executives’ Club of Chicago, resigned the post she had held for 25 years, the club announced in a press release distributed late Friday.
Koskenalusta is leaving to become a principal at the Dilenschneider Group, working from Chicago and New York, according to the club’s release. She will be in charge of global client relationships.
The club will work with executive search firm Russell Reynolds to find a new chief executive. In the interim, Mary MacLaren, the club’s chief of staff from May 2009 to July 2010, will serve as interim CEO.
By Bruce Japsen
The departing head of Baxter International Inc.’s medication delivery business will become president and chief operating officer of a New Jersey based maker of orthopedic and neurosurgical devices and instruments. Get the full story »
Oct. 14, 2010 at 4:08 p.m.
Filed under:
Chicago executives,
Media,
Personnel moves,
TV
By Phil Rosenthal
Jen Patterson, a contributor to Comcast SportsNet Chicago and its Web site, is out at the local cable sports channel.
Potash Corp. has pledged to move key staff from Chicago to Saskatchewan province as it tries to win political favour by matching BHP Billiton’s promise to beef up its Canadian headquarters if it wins control of the fertilizer maker.
Saskatoon-based Potash outlined a series of commitments to the province in a bid to sway political opinion against BHPÂ which has also promised to move key jobs back to Canada if its $39 billion takeover bid is successful. Get the full story »
By Phil Rosenthal and Michael Oneal
Tribune Chief Innovation Officer Lee Abrams. (Tribune file photo)
By Phil Rosenthal and Michael Oneal | Tribune Co. Chief Innovation Officer Lee Abrams on Wednesday was placed on indefinite suspension without pay because of a company-wide memo he sent this week with links to off-color satirical videos, which spurred a rash of employee complaints.
“Lee recognizes that the video was in extremely bad taste and that it offended employees,” Randy Michaels, chief executive of the Chicago Tribune’s parent company, said in an e-mail announcing the suspension. “But, this is the kind of serious mistake that can’t be tolerated; we intend to address it promptly and forcefully.” Get the full story »
Oct. 13, 2010 at 1:05 p.m.
Filed under:
Chicago executives,
Education,
Fraud
From Crain’s Chicago Business | Hedge fund operator Steven Stevanovich, a University of Chicago trustee who once donated $7 million to the school, has been accused in a lawsuit of reaping at least $323 million in “false profits” by participating in a Ponzi scheme. Stevanovich’s attorney and a spokesman for the U. of C. did not immediately return calls. Get the full story>>
Oct. 12, 2010 at 5:09 p.m.
Filed under:
Chicago executives,
Management,
Pharmaceuticals
By Bruce Japsen
Baxter International Inc. Chief Executive Bob Parkinson shook up his management team, disclosing this afternoon the departure of two senior executives and a plan to combine the company’s renal and medication delivery businesses into a “single global unit.”
The move essentially turns Baxter into a company focused on two divisions: medical products and bioscience treatments. The medical products business will include medication delivery devices such as intravenous systems while the bioscience business will include drugs to treat immune system disorders and blood diseases such as its flagship drug Advate to treat people with hemophilia. Get the full story »
Oct. 12, 2010 at 4:51 p.m.
Filed under:
Banking,
Chicago executives,
Personnel moves
From Fox Business News | Wintrust Financial said Tuesday it had appointed David E. Lee chief operating officer of Lake Forest Bank & Trust.
Oct. 12, 2010 at 10:25 a.m.
Filed under:
Chicago executives,
Investing,
Sports
By Associated Press
The city of Glendale, Ariz., says a prospective buyer of the Phoenix Coyotes hockey team has deposited $25 million in an escrow account “in a show of good faith.”
Glendale, in a news release Friday, said the buyer has asked for confidentiality because negotiations are ongoing, but there have been multiple reports the city has been in talks with Chicago investor Matthew Hulsizer.
The figure is equal to the amount of city funds Glendale had deposited, at the NHL’s insistence, to cover potential losses for the coming season while a local buyer was sought. Get the full story »
Oct. 11, 2010 at 12:05 p.m.
Filed under:
Chicago executives,
Housing,
Real estate,
Retail
ELITE STREET | By Bob Goldsborough | A 19-room, 17,000-square-foot mansion in Hinsdale that is owned by the founder of the Addison-based Pampered Chef kitchenware company has just come on the market for $6.8 million.
Doris Christopher founded the Pampered Chef and then sold it in 2002 to Warren Buffett’s Berkshire Hathaway company. Now, Christopher and her husband on Oct. 9 placed their mansion, which sits on a 1.9-acre hilltop in east Hinsdale, on the market. Get the full story »
By Phil Rosenthal
Randy Michaels, second from left, with other Tribune Co. executives at a press conference held by Sam Zell in 2007. (Jose More/Chicago Tribune)
Randy Michaels, Chicago Tribune parent Tribune Co.’s chief executive, on Tuesday night sent an e-mail urging employees to “ignore the noise” in anticipation of a New York Times story he expected to “apparently paint the work environment at Tribune as hostile, sexist and otherwise inappropriate.” Get the full story »
Oct. 4, 2010 at 3:46 p.m.
Filed under:
Chicago executives,
Personnel moves,
Technology
By Wailin Wong
Dick Costolo (Getty Images)
Former Chicagoan Dick Costolo has been elevated to chief executive of Twitter, where he had been chief operating officer for the last year.
Twitter co-founder Evan Williams, who had been CEO of the microblogging service since 2008, announced the change Monday on the company’s official blog. Williams said he’s staying with Twitter and will “be completely focused on product strategy.” Get the full story »
By Reuters
United-Continental CEO Jeff Smisek, center, talks with two employees on Sept. 23, 2010, in Houston. (Tribune)
Airline company United Continental Holdings Inc., formed Friday in the merger of UAL and Continental Airlines, said Chief Executive Jeff Smisek would receive an annual salary of $975,000.
Smisek, who had been CEO of Continental, may also receive 150 percent of his salary as an annual bonus. Pay details were disclosed by the company in a Securities and Exchange Commission filing Friday.
UAL and Continental merged to create the world’s largest carrier by traffic. Get the full story »
Oct. 1, 2010 at 8:17 a.m.
Filed under:
Personnel moves,
Technology
By Reuters
Hewlett-Packard Co. will pay its new chief executive Leo Apotheker an annual salary of $1.2 million, plus a signing bonus of $4 million, to lead the technology powerhouse after a scandal toppled its last chief executive. Get the full story »
Sep. 30, 2010 at 1:28 p.m.
Filed under:
Airlines,
Chicago executives,
Personnel moves
By Ameet Sachdev and Julie Johnsson | The merger between United and Continental airlines is scheduled to become official on Friday, and there is an unexpected hole in the senior management team.
Tom Sabatino, who was supposed to be the top lawyer inside the combined United-Continental airlines, has resigned, the Tribune has confirmed. Get the full story »
