Management Changes

Under Armour CEO Patrik Frisk To Step Down in Surprise Announcement

Equities Staff | |

No reason was given for the departure.

Biogen CEO Michel Vounatsos To Step Down After Commercial Failure of Alzheimer's Drug

Edward Kim | |

Biogen will also halt marketing of Aduhelm.

Editas Medicine Names Gilmore O’Neill as CEO

Edward Kim | |

O'Neill was most recently chief medical officer at Sarepta Therapeutics.

Voyager Therapeutics Names Alfred Sandrock as CEO, Former Biogen R&D Head

Edward Kim | |

Sandrock spent 23 years at Biogen, where he was head of R&D and chief medical officer.

Altus Group Names New CEO Jim Hannon, Reports Preliminary 2021 Results

Edward Kim | |

Hannon, currently President of Altus Analytics, will succeed Mike Gordon on April 1, 2022.

Quest Diagnostics Reports Record Revenue; CEO Stephen Rusckowski To Retire

Edward Kim | |

Quest Diagnostics DGX finished a challenging 2021 with a strong fourth quarter that modestly beat analyst estimates.

Microsoft Recruits Former Uber Product Head To Boost Consumer Apps Business

Kimberly Redmond | |

Microsoft Corporation has hired Manik Gupta, the former chief product officer at Uber Technologies, as part of a renewed effort to boost its consumer app business.

On Tuesday, the software giant announced that Gupta will serve as its new corporate vice president for Teams Consumer, Skype and GroupMe, reporting directly to Jeff Teper, corporate vice president of Microsoft 365 Collaboration.

Norwegian Air Shuttle Names New CEO as It Emerges From Bankruptcy

Kimberly Redmond | |

Norwegian Air Shuttle ASA (OTC: NWARF) named Geir Karlsen as its new chief executive officer Monday, a day after the company’s board decided to immediately terminate the contract with former head Jacob Schram.

In a statement, Norwegian Air’s board chair Svein Harald Øygard said Karlen – the company’s chief financial officer – “has the competencies, focus, trust and dedication that makes him the best choice” to lead the Oslo-based airline.

Ferrari Names STMicroelectronics Executive as New CEO

Kimberly Redmond | |

Italian luxury sports carmaker Ferrari N.V. has appointed Benedetto Vigna, a longtime executive at Europe’s largest semiconductor manufacturer, as its new chief executive officer.

Vigna, 52, will start at Ferrari on September 1, after more than 25 years at STMicroelectronics, where he currently runs the company’s analog, micro-electromechanical systems and sensors group.

Apollo Global Management Co-Founder Josh Harris To Step Down as Managing Director

Reuters | |

Apollo Global Management Inc said on Thursday co-founder Josh Harris has decided to step down from his day-to-day role as managing director on completion of the private-equity giant's deal with Athene Holding Ltd.

Harris will "return to his roots" as an investor and entrepreneur, Apollo said, adding that he will remain on the company's board and its executive committee.

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