News That Matters

Tag: ousts

Marks & Spencer ousts fashion boss Jill McDonald

Marks & Spencer ousts fashion boss Jill McDonald

Business
Marks & Spencer has ousted its clothing and home boss, Jill McDonald, who spent two years attempting to turn around the struggling division.Chief executive Steve Rowe will take over from Ms McDonald in the short term.He said the firm needed to "address long-standing issues in our clothing and home supply chain around availability and flow of product".Ms McDonald had previous senior roles at Halfords and McDonald's."Her lack of skill in clothes buying and supply chain appears to be the problem. But then the problem existed before she joined, didn't it?" Global Data retail analyst Maureen Hinton tweeted.Ms McDonald joined Marks & Spencer in autumn 2017 as it began a major turnaround plan, which has seen it shut stores and revamp its management. ...
Telecom Italia ousts CEO in long-running boardroom battle

Telecom Italia ousts CEO in long-running boardroom battle

Technology
A long-running board room battle in Italy's legacy telecoms provider, Telecom Italia, has culminated with the ouster of CEO Amos Genish, effective immediately. Telecom Italia said in a statement Tuesday that the board will meet Sunday to name a new CEO. It gave no further explanation for the move. Shares in the company sank 1.5 percent to 0.52 euros. U.S. activist hedge fund Elliot Management, which won control of the Telecom Italia board in May from French media group Vivendi, had at the time expressed full support for Genish. Genish had been brought into the company by Vivendi. The shake-up comes as the Italian government sets its sights on legislation merging the company's fixed-line assets with the broadband network of a smaller rival, Open Fiber.Let's block ads! (Why?) ABC News: Te...
Trump ousts Shulkin from Veterans Affairs, taps his doctor

Trump ousts Shulkin from Veterans Affairs, taps his doctor

Health
President Donald Trump fired Veterans Affairs Secretary David Shulkin on Wednesday and nominated White House doctor Ronny Jackson to replace him in the wake of a bruising ethics scandal and a mounting rebellion within the agency. A Navy rear admiral, Jackson is a surprise choice to succeed Shulkin, a former Obama administration official and the first non-veteran ever to head the VA. Trump had been considering replacements for Shulkin for weeks, but had not been known to be considering Jackson for the role. In a statement, Trump praised Jackson as "highly trained and qualified." It was a decision that signaled Trump chose to go with someone he knows and trusts, rather than the candidate with the longest resume, to run a massive agency facing huge bureaucratic challenges. Jackson has served...
Argentina ousts navy chief after San Juan sub disappearance

Argentina ousts navy chief after San Juan sub disappearance

World
Dec. 16 (UPI) -- Argentina has dismissed its navy chief one month after the disappearance of the submarine ARA San Juan off its southern coast with 44 crew members.Defense Minister Oscar Aguad placed Adm. Marcelo Eduardo Hipolito Srur in retirement, the Argentina newspaper La Nacion reported Saturday. The ministry plans to name an interim leader Monday.Srur, 60, was named head of the navy and promoted to admiral in January 2016.The San Juan, a 34-year-old, German-built, diesel-electric vessel, has not been found after losing contact on Nov. 15 in the south Atlantic Ocean.The sub's last known location was in the San Jorge Gulf was between where it departed from southern Argentina's Tierra del Fuego archipelago and its home base in Mar del Plata.One week after the disappearance, Argentina's ...