Associated Press | The futures and options broker MF Global Holdings says former New Jersey Governor Jon S. Corzine is joining the company as chief executive and chairman. Effective immediately, the 63-year-old replaces Bernard W. Dan, who resigned as CEO for personal reasons. Dan was the CEO of the Chicago Board of Trade for several years, before it merged with the Chicago Mercantile Exchange. He will remain through May 16 to help with the transition.
Filed under: Chicago executives
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
March 22, 2010 at 1:01 p.m.
Comments Off
Filed under: Airlines, Chicago executives, Personnel moves, Transportation UAL hires Sabatino as general counsel
By Wailin Wong | UAL Corp, the parent company of United Airlines, said it has hired Thomas J. Sabatino Jr. as general counsel.
Sabatino joins the airline March 29 and will report to UAL Chief Executive Glenn Tilton, the company said in a statement. Sabatino previously was general counsel at pharmaceutical company Schering Plough, which merged with Merck last year. Before that, Sabatino was general counsel at Baxter International.
Brodsky: Exchanges worked well in crisis
Bill Brodsky, chairman and CEO of the Chicago Board Options Exchange, posing amid the traders in the S&P 500 Index Options pit in 2005. (Chuck Berman/Chicago Tribune)
From the Financial Times | Bill Brodsky, chairman and chief executive of the Chicago Board Options Exchange and chairman of the World Federation of Exchanges, said the “exchange markets worked exceedingly well during the crisis,” in an interview about regulatory reform.
Get the full story: ft.com
Analysts not sure what to make of calm VIX
From the Financial Times | The Chicago Board Options Exchage VIX index, which tracks options on S&P 500 stocks and is a widely followed measure of volatility in the markets, is enjoying its calmest period since May 2008. But analysts aren’t sure what to make of that.
Read the full story: financialtimes.com
Baxter CEO received $8.6 million in 2009
By Bruce Japsen
| Baxter International Inc. chief executive officer Bob Parkinson was paid
salary, stock awards and a bonus of more than $8.6 million in 2009, the
company’s annual proxy statement filed this afternoon said.
His pay was largely flat, rising less than $3,000 to $1.34 million in
2009. He was also paid a $2.5 million bonus, which was about 8 percent
less than his 2008 bonus of $2.7 million. His stock awards were also
down to $4.785 million last year compared to more than $6 million in
2008.
Kraft names Cadbury exec head of confections
Dow Jones Newswires | Kraft Foods Inc. in an internal memo named
a former Cadbury executive, Jim Chambers, to head its confectionery and
gum businesses in North America.
Chambers was named president of confectionery and general manager for
the Immediate Consumption Channel for Kraft Foods North America.
Growing the newly acquired and lucrative gum business in North America
and pushing its own brands into new locations in convenience stores is
a key part of Kraft’s strategy on the acquisition.
CME chief executive’s pay rises 16% in 2009
From Reuters | Despite a decline in trading volume, CME Group Inc Chief Executive Craig Donohue saw his total compensation climb 16 percent to $4.7 million in 2009, according to the company’s proxy statement.
Donohue’s 2009 cash salary was $850,000 while his cash bonus rose to $789,641. He received stock and options awards valued at $2.94 million,
up from $2.4 million a year earlier.
Get the full story: reuters.com
Barnes & Noble makes a surprise CEO switch
Associated Press | Barnes & Noble changed CEOs Thursday, elevating the president of its Web site to lead the company, a surprise move that highlights the importance of digital books to the bookseller’s future.
The company said former CEO Steve Riggio will stay on as vice chairman and be actively involved with the company.
New CEO William Lynch helped launch the company’s electronic book store and oversaw the introduction of its electronic book reader, the Nook. The company is counting on the technology on to boost sales and ward off intense competition from online retailers, discount stores and rival e-readers such as Amazon.com’s Kindle.
Chicago Network’s executive director to step down
By Greg Burns |
The executive director of the Chicago Network, a prominent women’s business group, is stepping down after 29 years. Amy Osler will be replaced by Kate Bensen, formerly of Conlon Public Strategies and Schiff Hardin LLP.
March 10, 2010 at 12:32 p.m.
Comments Off
Filed under: Airlines, Personnel moves, Pharmaceuticals, Retail Walgreens may offer drugs to Delta workers
(JB Reed/Bloomberg)
Associated Press | Media reports on Wednesday indicated
drugstore chain Walgreen Co. is in talks about a plan to offer
prescription drugs directly to employees of Delta Air Lines Inc.
Walgreen and Delta would not confirm any negotiations. The Deerfield,
company is the largest U.S. drugstore chain. It sells prescription
drugs directly to Caterpillar Inc. employees under an arrangement that
appeared to be similar to Wednesday’s reported discussions.
Walgreen’s consolidating pharmacy, wellness
Dow Jones Newswires | Walgreen Co. is consolidating all its
pharmacy and wellness services under one division as it announced an
executive in health services was leaving.
The realignment comes as Walgreen completes a major store remodeling
project, dubbed Customer Centric Retailing, which intends to make
stores easier to shop with lower shelf heights and less inventory.
PrivateBancorp appoints treasurer, CIO, CTO
Tribune staff report | Chicago-based PrivateBankcorp Inc. said it has appointed a new treasurer, chief information officer and new chief technology officer.
Integrys’ Larry Weyers to retire in March
Tribune staff report | Directors at Integrys Energy Group Inc. approved
Executive Chairman Larry L. Weyers’ request to retire on March 31.
Charles A. Schrock, Integrys president and chief executive officer,
will assume the additional role of chairman effective April 1, as
expected.
Sears names president of Kmart apparel
Sears Holdings said apparel veteran Tara Poseley will join the company as senior vice president and president Kmart Apparel. She will be responsible for the oversight, leadership and strategic growth of Kmart’s apparel business, both in-store and online.
Read the announcement: prnewswire.com
Enable Holdings names Patrick Neville CEO
By Mary Ellen Podmolik | Enable Holdings, Inc., the Chicago-based parent of uBid, Inc.,
Red.Tag.com and Dibu Trading Corp., named Patrick Neville as its chief
executive and a director of the company.
