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The masked gunman who killed the CEO of one of the largest U.S. health insurance companies in front of midtown Manhattan surveillance cameras remained free Thursday from the dragnet thrown by the nation’s largest police department. The New York City Police Department did release a new surveillance image, asking for …
Read More »Stellantis CEO Carlos Tavares steps down as carmaker continues struggle with slumping sales
Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns car brands like Jeep, Citroen and Ram, amid an ongoing struggle with slumping sales. The world’s fourth-largest carmaker announced that its board accepted Tavares’ resignation Sunday, effective immediately. Stellantis noted Sunday that the process of finding …
Read More »Former Abercrombie & Fitch CEO Mike Jeffries faces federal sex trafficking charges
Former Abercrombie & Fitch CEO Michael Jeffries, his romantic partner and a third man were arrested Tuesday on sex trafficking and interstate prostitution charges, a spokesperson for U.S. federal prosecutors said. Details of the criminal charges weren’t immediately available. They follow sexual misconduct allegations, made in civil lawsuits and the …
Read More »Judge dismisses some claims in case alleging BlackBerry CEO harassed former staffer
A U.S. court has dismissed three claims made by a former BlackBerry Ltd. employee who alleges the company’s chief executive sexually harassed her and then retaliated against her after she reported the behaviour. U.S. magistrate judge Sallie Kim granted BlackBerry and John Giamatteo’s request late Friday to throw out a …
Read More »Trans Mountain Corp. to get new CEO
By Staff The Canadian Press Posted July 30, 2024 10:53 am 1 min read Descrease article font size Increase article font size Trans Mountain Corp. says CEO Dawn Farrell will become chair of the company’s board Sept. 1. The Crown corporation, which operates Canada’s only crude oil pipeline system from …
Read More »Loblaw boycott had ‘minor’ impact on sales, CEO Per Bank says – National
The boycott of Loblaw stores in May had only a “minor” financial impact on Canada’s largest grocers, according to the company’s CEO. Loblaw Co. Ltd. reported second-quarter earnings on Thursday, including the month of May, which saw the grocer targeted in a grassroots boycott campaign venting frustrations over rising grocery …
Read More »Manitoba Hydro names Allan Danroth as new president and CEO – Winnipeg
Manitoba Hydro announced Allan Danroth as its new president and CEO, Ben Graham, chair of the Manitoba Hydro-Electric Board announced on Tuesday. Danroth served as a vice-president with Alberta-Pacific Forest Industries and in a senior role at Capital Power, an energy producer based in Alberta. “We are extremely pleased to …
Read More »Canadian Chamber of Commerce has a new president and CEO. Who is Candace Laing?
The Canadian Chamber of Commerce has named Candace Laing its new president and CEO, effective Sept. 1. Laing has served as chair of the chamber’s board of directors since 2022 after joining the board in 2019, serving as its vice-chair from 2021 to 2022. The chamber said she has resigned …
Read More »Original Ontario Line price didn’t include all costs: Metrolinx CEO
The initial price tag of Premier Doug Ford’s signature Ontario Line project left out key expenses, according to the head of the province’s transit planning agency, that would eventually double the cost of constructing and operating the transit line. The 15-kilometre transit line, announced by the Progressive Conservative government in …
Read More »Simons to add more Toronto stores, but CEO says it’s still playing the ‘long’ game
Simons has been around for longer than most Canadian retailers, but when it comes to expanding, the Quebec company has never been in a rush. In its 184-year history, the dry-goods-shop-turned-department-store-chain has amassed just 17 stores, preferring to edge into new markets rather than blanket regions in one swift blow. “It’s …
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