Vice Chairman
Avon fires vice chairman
Avon Products Inc. fired its vice chairman in connection with probes into alleged bribery overseas and improper disclosures to Wall Street analysts in the US.
Charles Cramb, vice chairman in charge of developed markets for the door-to-door beauty company, is the most senior executive to lose his job amid both internal company probes and governmental bribery investigations.
Hyundai Motor vice chairman takes 3rd place in S Korea's stock-rich list
The vice chairman of Hyundai Motor Co. and its heir apparent is the third-richest person in South Korea in terms of stock holdings, thanks to a surge in share prices of the country's largest automotive conglomerate, a report showed on Monday. Chung Eui-sun, the only son of Hyundai Motor's chairman Chung Mong-koo, had shares worth KRW2.85 trillion (USD2.46 billion) as of Thursday, according to the report by chaebul.com, a conglomerate research firm.
India's auto sector sees challenges in price points, pollution
Growing aspirations of the consumers to own vehicles will pose a challenge to India's auto industry to develop new products with challenging price points, according to R Seshasayee, executive vice chairman, Ashok Leyland.
He said these kinds of mobility solutions are important for the growth in the coming decades. With rising urbansation, the demand for mobility solution would go up, he said, stressing the importance of confluence of technologies.
P&G announces organisational changes
The Procter & Gamble Company (P&G) has announced organisational changes.
Edward D. Shirley, vice chairman – beauty and grooming, will retire from P&G, effective 1 January 2012, after 33 years service. Until that time, effective 1 July 2011, Shirley has been named vice chairman on special assignment, continuing to report to Robert A. McDonald, chairman of the board, president and CEO. He will be focused on ensuring the seamless transition of the beauty and grooming business.
P&G's Ed Shirley will step down in realignment
Procter & Gamble Co. is again reorganizing the leadership of its business units as the consumer-product giant loses another top executive.
Ed Shirley, 54 years old, the vice chairman of P&G's USD27 billion beauty and grooming unit, will step down from his job in July and leave the company in January. In his wake, P&G will put the beauty and grooming unit under vice chairman Dimitri Panayotopoulos, who will lead all global business units at the USD78.9 billion company.
P&G says Robert A. Steele retires from vice chairman - Global Health and Well-Being
The Procter & Gamble Company has announced that Robert A. Steele, vice chairman – Global Health and Well-Being, responsible for oral care, feminine care, personal health care, pet care and snacks, will retire from P&G, effective 1 September 2011, after 35 years of service.
Since 1 February, Steele has started serving as vice chairman – Health Care Strategy, reporting to P&G chairman of the board, president and CEO Robert A. McDonald.
Global retail roundup
Stacy Janiak, Retail Vice Chairman at Deloitte, shares her global retail roundup.
To view the interview, visit CNBC.
