Tag Archives: step

Sony Reports Best-Ever Q3 Profit; CEO Hirai to Step Down, Turnaround Ally Yoshida to Take Helm

Japan’s Sony said CEO Kazuo Hirai would be handing over the reins to finance chief Kenichiro Yoshida, while at the same time forecast a record annual profit that highlights the revival in fortune that they have both engineered. Once a market leader in consumer-electronics, the maker of the Walkman and Trinitron TV in recent years fell behind the likes of Apple in… Read More »

German leaders step up attacks on Trump

On Monday Mrs Merkel said it was right not to gloss over differences with the US, while her foreign minister said Mr Trump’s actions “weakened the West”. It comes days after the G7 summit, where Mr Trump refused to commit to the 2015 Paris climate deal. Germany goes to the polls in September. German opposition leader Martin Schulz… Read More »

Ralph Lauren boss Stefan Larsson to step down

The chief executive of luxury fashion firm Ralph Lauren is to step down after less than two years in the post. Stefan Larsson, a former head of Gap’s Old Navy division, was appointed chief executive of the firm in late 2015. He will leave on 1 May with a $10m pay settlement after disagreements with founder and chairman… Read More »

Starbucks boss Howard Schultz to step down

The chief executive of the Starbucks coffee chain, Howard Schultz, will step down from his post next year. Mr Schultz will become executive chairman and will change his focus to growing new Starbucks luxury brands. He will be replaced by the current number two, Kevin Johnson, who has been on the board for seven years. Mr Schultz, who… Read More »