Tag Archives: turnaround

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 »

AIG names turnaround expert Duperreault as CEO to improve performance

American International Group (AIG.N) named Brian Duperreault as its new chief executive officer on Monday, selecting a protege of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise. Duperreault, age 70, is the founder and chief executive officer of Hamilton Insurance Group Ltd in Bermuda, and is seen as a short-to-medium term replacement for… Read More »

Malaysia Airlines turnaround challenge ‘unprecedented’

Turning around Malaysia Airlines after the double tragedies of MH370 and MH17 is an “unprecedented” challenge, the firm’s recently appointed chief executive has told the BBC. Peter Bellew said the carrier was now marketing more aggressively as it tries to win back confidence in the brand. He accepted some passengers would choose to not fly with the company.… Read More »

Evidence of turnaround boosts share price for UK grocer Morrisons

Morrisons, Britain’s fourth-biggest grocer, reported better than expected results on Thursday, suggesting a recovery under its new management was gaining momentum and sending its share price sharply higher. The Bradford, northern England-based group reported a rise in first-half profits for the first time in four years as well as a third straight quarter of underlying sales growth. It… Read More »