By Reuters Staff
2 Min Read
FILE PHOTO: A Marriott flag hangs at the entrance of the New York Marriott Downtown hotel in Manhattan, New York November 16, 2015. REUTERS/Andrew Kelly
(Reuters) - Marriott International Inc on Tuesday named Tony Capuano as its chief executive officer, tasking the 25-year veteran of the world’s largest hotel chain with charting a path out of the industry’s worst crisis.
Capuano succeeds Arne Sorenson, who died last week after a battle with pancreatic cancer and during whose tenure Marriott struck a $12.2 billion deal to buy Starwood Hotels & Resorts Worldwide Inc.
Capuano, who most recently headed the company’s U.S. and Canada lodging business, takes the reins at a time when the COVID-19 pandemic has decimated travel demand, pushing Marriott to its first full-year loss in more than a decade.
4 Min Read
(Reuters) - Sensor maker Velodyne Lidar Inc said on Monday it had removed founder David Hall as chairman and his wife Marta Thoma Hall as marketing chief for a lack of honesty, a charge Marta Hall said the couple was not allowed to rebut in a board meeting she described as an “ambush.”
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Shares of Velodyne, one of several companies vying to supply automakers with lidar, a sensor that generates a three-dimensional map of the road ahead, were down about 15% in afternoon trading. Lidar sensors are a key technology as the auto industry pushes toward self-driving vehicles.
3 Min Read
SEATTLE/WASHINGTON (Reuters) - Two veteran Boeing Co directors will step down, the U.S. planemaker said on Wednesday, the latest high-profile departures from the board as it faces scrutiny over the 737 MAX grounding after fatal crashes.
FILE PHOTO: The Boeing logo is displayed on a screen, at the New York Stock Exchange (NYSE) in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid
The moves also come as Boeing is fighting to stem the financial fallout from the overlapping coronavirus pandemic, which has rocked global aviation.
Arthur Collins, a former chairman and chief executive officer at Medtronic and director on the Boeing board since 2007, and Susan Schwab, a former U.S. trade representative and director since 2010, are both retiring, Boeing said.
General Counsel Mary Manos resigns, following other departures New interim exec-chair Coonan promises ‘root and branch’ change (Recasts and adds exec-chairman comments)
Feb 18 (Reuters) - Australia’s Crown Resorts Ltd new executive chair on Thursday sought to reassure investors that the beleaguered casino operator’s worst days were behind it, after an inquiry accused it of widespread money laundering and governance issues.
Announcing its first half-year loss in over a decade due to intermittent COVID-19 lockdowns that hurt its operations, and another executive departure, interim chairwoman Helen Coonan said she was committed to “driving the necessary ‘root and branch’ change” required.
U.S. investment firm Artisan Partners on Wednesday called on French food group Danone to separate its medical nutrition business from its baby foods unit and offload its Asian water brand Mizone to boost returns.