Bill Kurtis and Walter Jacobson are returning to the anchor chairs on WBBM-TV Ch. 2 in a bid to revive the station’s news ratings.
Filed under: Personnel moves
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Reporter/anchor Pender out at Ch. 32
Nancy Pender is set to leave WFLD-Ch. 32 next month after 13 years as a reporter and weekend anchor at the Fox-owned station.
A Channel 32 spokeswoman confirmed Wednesday that Pender’s contract is not being renewed.
English muffin secrets safe at Thomas’ for now
Nooks and crannies and Twinkies don’t go together, at least not just yet.
A federal appeals court has upheld an injunction blocking one of only seven people who know the recipe for Thomas’ English Muffins from jumping to a rival.
Tuesday’s ruling by the U.S. 3rd Circuit Court of Appeals in Philadelphia lets Grupo Bimbo SAB, a Mexican food company that owns the Thomas’ brand, continue blocking Chris Botticella from jumping to rival Hostess Brands Inc. Get the full story »
General Growth taps Brookfield’s Douglas as CFO
Brookfield Properties Corp. President Steven Douglas has resigned to take the role as chief financial officer of bankrupt shopping mall operator General Growth Properties, effective immediately, the companies said Monday. Get the full story »
BP set to put first American in charge
BP Plc is expected to announce in the next 24 hours that Chief Executive Tony Hayward will step down and be replaced by Bob Dudley, a soft-spoken American unlikely to repeat the gaffes that have come to define Hayward in many Americans’ minds.
Dudley heads BP’s oil spill response effort. Just over a week ago, BP installed a temporary cap on the Macondo well, which had been spewing up to 60,000 barrels per day of oil into the Gulf of Mexico since April. Get the full story »
Ex-Lehman exec to head compliance at AIG
American International Group Inc. has picked David DeMuro, the former head of compliance and regulation at Lehman Brothers Holdings Inc., as its new head of compliance and regulatory affairs.
DeMuro, expected to start at AIG next week, will be working for his former boss from Lehman, Thomas Russo. The former chief legal officer at the now-failed Wall Street bank, Russo this year was appointed as the government-controlled insurer’s general counsel. DeMuro will be AIG’s deputy general counsel. Get the full story »
Junior Hofer takes over as CEO at Spring-Green
Plainfield-based Spring-Green Lawn Care Corp. announced Tuesday that it named Ted Hofer its chief executive.
Hofer, 35, will replace his father, Tom Hofer, who will remain the company’s chairman. Ted Hofer joined the company in 2005. Get the full story »
Davis quits Heidrick & Struggles
From the Wall Street Journal | Gerry Davis, managing partner for global practices at Heidrick & Struggles International, is the latest executive to leave the search firm.
Herencia leaves Midwest Banc Holdings payroll
Roberto R. Herencia has left Midwest Banc Holdings Inc., whose Midwest Bank unit failed last month, but has signed a consulting agreement that could pay him $25,000 a month.
In May, Midwest Bank, a $3.17 billion-asset lender that was among the first community banks to get federal bailout funds, was seized by regulators after failing to raise capital it needed to stay independent. Get the full story »
Lotus seeks advice from GM’s Lutz, BMW’s Purves
From Automotive News | Lotus Cars reportedly has talked to former GM product chief Bob Lutz and retired BMW executive Tom Purves about advising on its five-year plan.
WGN Radio cuts Steve Cochran loose
Steve Cochran, who was hanging by a thread as midday host of WGN-AM 720, finally was cut loose by management at Chicago Tribune parent Tribune Co.’s radio station after he finished his program on Friday.
May 25 at 9:00 a.m.
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Filed under: Executives, Management, Manufacturing, Personnel moves Makarewicz retirement starts Ryerson CEO search
Tribune staff | Ryerson Inc. Chief Executive Stephen E. Makarewicz told its board of directors he plans to retire before the end of 2012 and the company announced Tuesday it had begun a global search for his successor.
Makarewicz, 63, who has been CEO and president of the Chicago-based company since August 2008, said he plans to retire by age 65. He previously served as president of Ryerson South from June 2000 to October 2007 and was president, CEO and chief operating offer of J.M. Metals Co., Inc. from October 1994 until its January 2006 merger with Ryerson.
Wachovia’s Mike Jones joins BMO Capital Markets
Tribune staff report | BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group, has announced five hires for its M&A, financial sponsors, healthcare and industrials groups.
Among the hires, Mike Jones joins the M&A Group in Chicago, where he will work in the food and consumer sector. Jones comes from Wachovia Securities, where he most recently headed consumer and retail M&A.
March 22 at 1:01 p.m.
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Filed under: Airlines, Executives, Personnel moves, Transportation UAL hires Sabatino as general counsel
By Wailin Wong | UAL Corp, the parent company of United Airlines, said it has hired Thomas J. Sabatino Jr. as general counsel.
Sabatino joins the airline March 29 and will report to UAL Chief Executive Glenn Tilton, the company said in a statement. Sabatino previously was general counsel at pharmaceutical company Schering Plough, which merged with Merck last year. Before that, Sabatino was general counsel at Baxter International.
Walgreens may offer drugs to Delta workers
(JB Reed/Bloomberg)
Associated Press | Media reports on Wednesday indicated
drugstore chain Walgreen Co. is in talks about a plan to offer
prescription drugs directly to employees of Delta Air Lines Inc.
Walgreen and Delta would not confirm any negotiations. The Deerfield,
company is the largest U.S. drugstore chain. It sells prescription
drugs directly to Caterpillar Inc. employees under an arrangement that
appeared to be similar to Wednesday’s reported discussions.
