News That Matters

Tag: Chief

Eddie Stobart chief leaves as shares suspended

Eddie Stobart chief leaves as shares suspended

Business
Eddie Stobart has suspended trading in its shares and announced that its chief executive will stand down with immediate effect, as the firm looks into accounting discrepancies.The firm also warned its results for the first half of 2019 would be "significantly lower" than forecast.The transport company, known for its green and red lorries, revealed a £2m error in its 2018 results last month.A review of past accounts uncovered the problem.The review is being undertaken by chief financial officer, Anoop Kang, who joined in April, alongside external auditors. It found that in 2018 operating profits were overstated by about 4%.Publication of the firm's results for the six months to 31 May has also been delayed, They were due to be released on 29 August, but ar

Zuckerberg security chief accused of misconduct leaves job

Technology
Facebook CEO Mark Zuckerberg's personal security chief won't be returning to his job after being accused of sexual misconduct and slurs that included racist remarks about Zuckerberg's wife, Priscilla Chan. The parting of ways announced Monday comes five weeks after a Business Insider article uncovered a litany of allegations against Liam Booth, whose LinkedIn profile described him as a former Security Service officer who had been working with Zuckerberg's family charity since 2017. Booth had been placed on leave since the allegations surfaced. Although its investigation didn't substantiate the accusations, Zuckerberg's family office said Booth agreed he shouldn't return to work to minimize "distractions." The Bloom Firm, whose lawyers are representing employees accusing Booth, didn't imme...
VAR will not re-referee Premier League – referees’ chief Mike Riley

VAR will not re-referee Premier League – referees’ chief Mike Riley

Sports
The Premier League will not be re-refereeing the game by VAR and will set a high bar for decisions, says referees' chief Mike Riley.Video assistant referees will be used in the Premier League from the start of the new season, after clubs agreed to their introduction.Riley and his team of referees have spent the past two years preparing and training all the match officials, including live trial matches, and have been encouraged by the progress they have made. However, he stressed that VAR is still a work in progress. "It will take us two or three years to get this right," said Riley, who is general manager of the Professional Game Match Officials Limited.He said there had been a "reaction" to ...
Ethiopia army chief shot dead in ‘coup bid’ attacks

Ethiopia army chief shot dead in ‘coup bid’ attacks

World
The chief of staff of the Ethiopian army, Gen Seare Mekonnen, has been shot dead by his own bodyguard in the capital, Addis Ababa.He and another officer died trying to prevent a coup attempt against the administration in Ethiopia's northern Amhara region, PM Abiy Ahmed said.In Amhara itself, regional governor Ambachew Mekonnen was killed along with an adviser.The government says the situation is under control after arrests were made. The prime minister has gone on TV to urge Ethiopians to unite in the face of "evil" forces set on dividing the country. The US state department has warned its staff in Addis Ababa to stay inside.Ethnic violence has hit Amhara and other parts of Ethiopia in recent years.Since his election last year, ...