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Isola Europe President resigns

Isola Europe President resigns

Isola Europe's President Augusto Meozzi has resigned - after 45 years with the group - at the end of April.

Augusto Meozzi was CEO of the MAS Group, which was acquired by Isola in 1990. He continued within Isola, holding various other executive positions, such as President and CEO of Isola Laminate Systems (Chandler, AZ) and COO and EVP of Isola in Düren, Germany. He continued as Isola Europe President, following the company’s acquisition by TPG.


GM’s CEO resigns at Obama’s behest

GM’s CEO resigns at Obama’s behest

As reported yesterday, President Barack Obama has promised automakers he will prevent them from going bankrupt but he has also warned them he cannot save them if they refuse to save themselves. They have to push through major cost-reducing reforms, Obama said, and modernize.

Obama said recently he would demand automakers take responsibility for the position they’re in. It seems me means business:

The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.

On Monday, President Barack Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by GM and Chrysler. The plan is based on recommendations from the Presidential Task Force on the auto Industry, headed by the Treasury Department.

The White House confirmed Wagoner was leaving at the government’s behest after The Associated Press reported his immediate departure, without giving a reason.

Although I’m never happy when the government tells CEO’s how to run their business, this particular CEO had it coming. He and his henchmen constantly ask the federal government for bailout money, but all help has been in vain. They have used it to survive, not to reform their company and make it competitive.

Troubling is that no one else, no shareholders, no one, forced Wagoner to resign.

Read more >>poligazette.com

CEO of Austrian Airlines to resign

CEO of Austrian Airlines to resign

Jan 30, 2009 (AIRLINE INDUSTRY INFORMATION via COMTEX) Austrian Airlines has announced that Alfred Otsch, chief executive officer of the airline since 1 May 2006, will be resigning, effective 31 January 2009.
His responsibilities on the board of management will be taken over by COO Dr Peter Malanik and CCO Dr Andreas Bierwirth, subject to the consent of the supervisory board.
The airline stated that the termination is mutually agreed and is in accordance with Otsch's contract of employment.

See more >>tradingmarkets.com

Zep Announces Resignation of Chief Operating Officer

Zep Announces Resignation of Chief Operating Officer

COO Position Eliminated Following Recent Decentralization of Company and Continued Efforts to Cut Costs

ATLANTA--(BUSINESS WIRE)--Zep Inc. (NYSE:ZEP), a leading producer, marketer, and service provider of a wide range of cleaning and maintenance solutions, today announced that William A. Holl, Executive Vice President and Chief Operating Officer, has resigned and will be leaving the Company in the near future. This decision follows the recent decentralization of Zep, which places more operating authority in the hands of eight business leaders, as well as non-sales workforce reductions and other actions to reduce costs.

“After many discussions about the new economic realities we face and the most effective structure for Zep in the future, Bill and I together concluded the Company should continue to take action to reduce costs through the elimination of the COO role,” said John K. Morgan, Chairman, President, and CEO. “Bill leaves a legacy of achievement and impressive results, including his role in the realignment of the operating structure as well as the Company’s successful transition to becoming an independent public company. Zep is extremely grateful for his service.”

Holl added, “Zep is a great organization and I have thoroughly enjoyed my time here. I look forward to following the success of the Company as I move on to the next stage of my career.”

Morgan concluded by noting Mr. Holl will remain with the Company through the transfer of his former operating responsibilities to Zep’s various business leaders and the Chief Marketing Officer.

About Zep Inc.
Zep Inc., with fiscal year 2008 net sales of over $574 million, is a leading producer, marketer, and service provider of a wide range of cleaning and maintenance solutions for commercial, industrial, institutional, and consumer end-markets. Zep's product portfolio includes anti-bacterial and industrial hand care products, cleaners, degreasers, deodorizers, disinfectants, floor finishes, sanitizers, and pest and weed control products. The Company markets these products and services under well recognized and established brand names, such as Zep®, Zep Commercial®, Zep Professional, Enforcer®, National Chemical®, and Selig®, some of which have been in existence for more than 70 years. Zep is headquartered in Atlanta, Georgia. Visit the Company’s website at http://www.zepinc.com/

Zep Inc.Company Contact:Jill Gilmer, 404-605-8614


Borland CEO Resigns, Becomes VMware COO

Borland CEO Resigns, Becomes VMware COO

Infoworld reports that Tod Nielsen, CEO of Borland Software, has resigned to take a newly created position at VMware: Chief Operating Officer.

In his new position, Nielsen will be reporting to CEO Paul Maritz, according to CNET News. Nielsen will focus on business, marketing and operations, freeing Maritz up to concentrate on other areas.

In a separate statement, Borland announced that it is in the midst of a significant reorganization in which it will cut its workforce by 15 percent. Erik Prusch, who had served as Borland CFO, will serve as Borland’s acting president and CEO.

Posted by Kara Reeder on January 8, 2009
IT Business Edge