management moves
GameStop Is Hiring. The Focus Is on Technology.
Text size GameStop is increasingly focusing on e-commerce. Spencer Platt/Getty Images GameStop ‘s executive shake-up continued this week with the announced departure of Chief Merchandising Officer Chris Homeister. Expect more hiring as the retailer continues to focus on e-commerce. A person familiar with the matter told Barron’s that hiring talent from e-commerce and technology companies …
IBM Doubles Down on Cloud Bet With New Leadership Team
In his 30 years at International Business Machines Corp., IBM 4.56% incoming Chief Executive Arvind Krishna has witnessed what works in corporate turnarounds and, more recently, what doesn’t. Mr. Krishna, 57 years old, is only the 10th chief executive in IBM’s 108-year history. He takes over a company that has been in transition for almost …
Intel Hires HPE Technology Chief as New CIO
Archana Deskus has been appointed senior vice president and chief information officer at Intel Corp. Photo: Hewlett Packard Enterprise Intel Corp. said it has hired a new chief information officer to run global information technology and drive a digital transformation that includes the use of analytics and machine learning. Archana Deskus will start as …
GE Pitches Investors on Its Health-Care Unit, a Steady Source of Cash
General Electric Co. aims to excite investors about its health-care division, a business that was tagged to be cast off but is now central to the company’s turnaround efforts. GE Healthcare, which is based in Chicago and employs more than 50,000 people, makes magnetic resonance imaging machines and other hospital equipment. At the depths of …
SoftBank to Take Control of WeWork
SoftBank Group Corp. won approval from WeWork’s board to take control of the troubled co-working startup, in a deal that would hand co-founder Adam Neumann nearly $1.7 billion and sever most of his ties with the company. WeWork, in danger of running out of cash in the coming weeks, chose a rescue offer from SoftBank …
WeWork CEO Adam Neumann Expected to Step Down
WeWork co-founder and Chief Executive Adam Neumann is expected to step down after the company’s much-anticipated initial public offering was derailed, capping a remarkably swift fall from grace for the leader of one of the country’s most valuable startups. Mr. Neumann and the company’s advisers have agreed that the best path forward for the office-sharing …
Otis Names New CFO as It Preps for Separation From United Technologies
Otis Elevator Co. hired a new finance chief as it gets ready to separate from industrial conglomerate United Technologies Corp. The Farmington, Conn.-based maker of elevators and escalators said Monday that Rahul Ghai is its new chief financial officer. Mr. Ghai joins from defense company Harris Corp. , which this year completed a combination with …
U.S. Companies on China: Breaking Up Is Hard
American businesses, from technology startups to large corporations, say they cannot quickly upend their supply chains and stop doing business in China. President Trump tweeted Friday that he “hereby ordered” U.S. companies to explore relocating operations out of China and that he would raise existing and planned tariffs on Chinese goods by 5 percentage points. …
Jony Ive is Leaving Apple, But His Departure Started Long Ago
As the deadline loomed for the 10th anniversary iPhone, Apple Inc.’s AAPL -0.91% top software designers gathered in the penthouse of an exclusive San Francisco club called The Battery. They had been summoned some 50 miles from the company’s Cupertino, Calif., headquarters to demonstrate planned features of the product to Jony Ive, Apple’s design chief, …
