BRUSSELS — The financial group Fortis said Friday that it was replacing its chief executive as its shares fell more than 20percentt amid concerns about its liquidity.
Hoping to revive its sagging fortunes, the Mitsubishi Motors Corporation said today that it was replacing its Japanese president with Rolf Eckrodt, the highest-ranking Mitsubishi executive appointed by the company's leading shareholder, DaimlerChrysler.
A.I.G. also said it was replacing its chief financial officer, as operating income weakened across much of the company.
But in November the company reported the first dip in monthly sales for nine years, and soon afterwards it announced it was replacing its American president.
The bank, based in Tokyo, also said it was replacing its chief executive, Brian Prince, with Shinsuke Baba, the bank's chairman.
C1 Gucci Replaces Designer Gucci announced that it was replacing its designer of women's apparel, Alessandra Facchinetti, after only her second collection.
For example, at the start of last year, Witan, which runs the Jump CTF, announced it was replacing its 1% annual management charge with a £36 flat fee.
C1 Change at Stewart's Company Martha Stewart Living Omnimedia announced it was replacing its president and chief executive, Sharon Patrick, with Susan Lyne, a television and publishing veteran.
Merck announced on Thursday that it was replacing its head of research with the retired research chief at Amgen, a leadership shake-up that follows several major setbacks in Merck's drug development pipeline.
FRANKFURT — Porsche announced Tuesday that it was replacing its chief executive with a manager from Volkswagen, part of an expansion of VW's influence over Porsche, the maker of the 911, Boxster and other high-performance cars.
Less than 18 months after emerging from bankruptcy protection, Kmart announced yesterday that it was replacing its president and chief executive with an outsider whose background is in the fast-food restaurant business.
