DENVER, Jan. 24, 2020 /PRNewswire/ -- Stage Fund, a control based private equity firm specializing in turnaround and growth companies, is executing on an acquisition roll up strategy, combining three companies with complementary technologies and customers, and as a result will produce one...
The Carlyle Group is partnering with Patrick Doyle, the former CEO of Domino's Pizza known for turning around its business by overhauling its recipe and implementing new technology like online ordering. Doyle, 56, is now a private-equity investor and will help Carlyle identify multibillion-dollar deals in the consumer and retail sectors. Doyle spoke with Business Insider about how companies could improve operations and said they would increasingly benefit from the use of voice technology.
Kraft Heinz Co. is tapping former Chief Financial Officer Paulo Basilio for a reprisal of the role as the packaged-food company seeks to rebuild its sagging business. Chief Executive Officer Miguel Patricio, who took over the top post in July, "made the strategic decision to shift to a seasoned veteran," the company said in a filing. Basilio, 44, will take over the role on Sept. 1. Current CFO David Knopf will return to 3G Capital, the private equity firm that partnered with Berkshire Hathaway Inc. to engineer the 2015 merger that created Kraft Heinz.
* Rosengren will start new position in March (Adds share price, and investor comment): ZURICH (Reuters) - ABB (ABBN.S) shares jumped almost 4% in early Monday trading as investors welcomed news the Swiss engineering group had poached Bjorn Rosengren from Swedish mining equipment firm Sandvik (SAND.ST) to be its next chief executive. Rosengren will take over at the Zurich-based maker of industrial drives and robots in March, the company said on Sunday. ABB, whose previous CEO Ulrich Spiesshofer left suddenly in April, is in the middle of overhauling its business following years of lackluster profit and bungled acquisitions.
The "check engine" light lit up almost as soon as Mike Manley took over as chief executive of Fiat Chrysler Automobiles NV. Days before the late Sergio Marchionne died unexpectedly a year ago, Manley was tasked with leading the Italian-American company into an automotive era increasingly defined by progress in electrification and self-driving technology. Right after being named CEO, he was forced to cut financial targets due to disappointing sales in China. The company rattled investors again six months later by lowering 2019 earnings guidance.
Renowned fund manager Neil Woodford is urging the management of the unquoted positions he holds in his Woodford Patient Capital Trust (WPCT) to put themselves up for sale or list their businesses, as he bids to turn around his fund range performance.
Symantec Corp faces an uphill battle to turn around its business and win investor confidence, analysts said on Friday, after Chief Executive Officer Greg Clark became the fifth top executive in six months to leave the cybersecurity company.
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barrons.com/articles/blackrocks-stock-picking-turnaround-is-under-threat-as-investors-keep-pulling-out-cash-51548256250 It's been almost two years since BlackRock (BLK) kick-started a radical plan to overhaul its active equities division, but lackluster performance and the continuing flow of assets draining out of its funds have frustrated ambitions for its stock-picking arm.
Bank of America and Goldman Sachs reported strong fourth quarter earnings, which alleviated concerns following weak earnings elsewhere. : The SPDR Financial Select Sector ETF (XLF) rose nearly 2% during Wednesday's session after Bank of America Corporation (BAC) and The Goldman Sachs Group, Inc. (GS) reported better-than-expected fourth quarter financial results. While trade tensions and a possible economic downturn remain a concern, most banking executives believe that the underlying economic data is still healthy and that trading remains robust.
Krupa Global Investments Critiques Diebold Nixdorf Executive Compensation And Turnaround Plan; Releases Information Demand
PRAGUE, Dec. 20, 2018 /PRNewswire/ -- Krupa Global Investments ("KGI"), one of the largest institutional shareholders of Diebold Nixdorf, is demanding answers from management of the Ohio-based financial and retail technology company in an open letter to management released on December 18, 2018. The letter is an update on an initial information demand issued on August 1, 2018 demanding specific information from management pursuant to Section 220 of Delaware General Corporation Law. Krupa Global Investments currently owns 862,948 shares of Diebold Nixdorf, equal to an approximately 1.1% of outstanding shares.