Tag Archives: CEO

Signage is displayed outside a JC Penney Co. store in Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images J.C. Penney CEO Jill Soltau, who was tapped to turn around the struggling department store, will leave the company Thursday. The company’s new owners, Simon Property Group and Brookfield Asset Management, …

Despite the number of productions delayed this year by the coronavirus pandemic, Imax CEO Richard Gelfond on CNBC Monday said the new year could prove to be lucrative for his company. While studios paused tapings, film releases were also delayed as movie theaters closed across the country in response to …

When an announcement came in late November that Lauren Hobart would take the reins as chief executive at Dick’s Sporting Goods in early 2021, corporate America hit another major milestone for inclusivity that has been driven, in large part, by the retail industry. A record 41 female CEOs are soon …

After a bruising year for the airline industry, Hawaiian Airlines CEO Peter Ingram told CNBC he believes it’s only up from here. Airlines spent much of 2020 cutting routes and reducing flights due to the decline in travel demand from the coronavirus pandemic, but companies including Delta and United Airlines …

When the coronavirus pandemic limited face-to-face interactions earlier this year, companies, governments and other organizations adapted to the new normal by transitioning many activities online. The transition, a part of the digital transformation that has played out over the years, was a boon for companies like cloud messaging provider Twilio, …

Dr. Gianrico Farrugia, CEO of the Mayo Clinic, is urging Americans to take the first Covid-19 vaccine available to them. “My message is very simple: Don’t wait for a particular vaccine,” he told CNBC’s “Squawk Box” on Tuesday. “Get the first vaccine that is offered because their benefits far outweigh …

The boss of German firm &ever has said that his company’s new indoor vertical farm in Singapore will produce 1.5 tons of “leafy green” produce every day when it is up and running in the fourth quarter of next year. Henner Schwarz, Chief Executive Officer at &ever, told CNBC on …

Robinhood CEO Vlad Tenev on Monday responded to claims that the stock trading company deceived customers about its money making tactics, which led it to a $65 million settlement with the Securities and Exchange Commission last week. In an appearance on CNBC’s “Mad Money,” Tenev said Robinhood, which is privately …

Former Macy’s CEO Terry Lundgren told CNBC on Monday he expects coronavirus pandemic-related disruption for the retail industry to persist well into next year, leading potentially to more store closures. “We’re not done yet. … We’re going to learn even more when we get through the holiday season,” Lundgren said …

John Abbamondi, CEO of the Brooklyn Nets. Dave Reginek | Getty Images The National Basketball Association will commence its 2020-21 regular season on Tuesday, returning to in-market games for the first time since March 11. But executives are already predicting disruptions due to Covid-19. Brooklyn Nets CEO John Abbamondi joined …

Cloudflare CEO Matthew Prince on Friday commented on the cyberattack on the federal government that was revealed earlier this week. In an appearance on CNBC’s “Mad Money,” the chief executive of the cloud cybersecurity provider said it’s one reason his company is shifting towards what he called a “zero-trust architecture” …

Palo Alto Networks CEO Nikesh Arora told CNBC on Friday that every business and federal agency needs to take stock of their network security in the wake of the suspected Russian massive cyberattack. The security executive’s comments follow the revelation that federal agencies, reportedly including the one overseeing the nation’s nuclear …

At Home CEO Lee Bird on Thursday told CNBC’s Jim Cramer that business has grown exponentially during the pandemic and that the company has expansion plans on the horizon. While the home decor superstore invests in building out its digital presence, the company continues to see opportunity in physical stores, …

MP Materials CEO James Litinsky appeared on CNBC Wednesday, addressing confusion about the rare earth products the company provides in the electric vehicle space. The mining company, which owns the Mountain Pass open-pit mine in southeastern California, supplies rare earth magnets to electric vehicle makers, but the magnets are not for …

Adidas CEO Kasper Rorsted told CNBC that the German sportswear company will continue to invest in brick-and-mortar stores, despite the boom in e-commerce sales during the coronavirus pandemic. “There’s no doubt that online has accelerated two to three years into the future … but I actually think if you asked …

Boeing CEO David Calhoun on CNBC Wednesday shot down speculation that the company could turn to a massive stock sale to knock off debt from its balance sheet. In a note Tuesday, Morgan Stanley said that the airplane manufacturer could raise between $20 billion and $30 billion, an assessment that …

The at-home coronavirus test that recently received emergency clearance from the U.S. Food and Drug Administration may be on the shelves of drugstores as soon as February, according to the developer’s CEO. “We’ll be shipping first product in the beginning of January. That will be ramping up through the months …

Lululemon Athletica CEO Calvin McDonald in an appearance on CNBC Tuesday said he does not expect the company’s sales momentum to slow down with the arrival of Covid-19 vaccines “We don’t see any dramatic impact in the reduction of the momentum in the business … there are a lot of …

Goldman Sachs Chairman and CEO David Solomon told CNBC on Tuesday that he’s concerned about the intense demand from retail investors in recent initial public offerings. “I do think we’re in a moment in time where there’s a lot of euphoria. I personally am concerned about that,” Solomon said on …

Costco CEO Craig Jelinek told CNBC on Monday that the company’s physical stores will remain critical going forward, even though the wholesale retailer saw a surge in e-commerce sales during the coronavirus pandemic. “Our overall online business will continue to grow. Will we get tricky? No, we won’t,” Jelinek said …

Pfizer CEO Dr. Albert Bourla said the company is negotiating with the federal government to provide an additional 100 million Covid-19 vaccine doses next year as Americans will receive some of the first shots Monday. Pfizer and the U.S. are working out the details on timing, Bourla told CNBC’s “Squawk Box” …

Pfizer CEO Albert Bourla hasn’t received his company’s Covid-19 vaccine shot yet, saying Monday he and other executives will not “cut the line” as U.S. officials kick off a massive effort to distribute the vaccine across the country. The vaccine, which Pfizer developed in partnership with Germany-based BioNTech, is the …

Merck CEO Kenneth Frazier told CNBC on Thursday he was hopeful about continued progress on coronavirus vaccines but suggested that strict adherence to public-health protocols would remain necessary for months ahead. “I think there’s a lot of reason to be optimistic about the vaccines that are coming out. The Pfizer …

Virgin Australia’s newly installed CEO has said it will be “irresistible” to fly again, as the airline aims to regain market share under new ownership. Jayne Hrdlicka told CNBC Wednesday that the company was well-placed to take a third of the domestic market, reinstating it to pre-Covid levels as travel …

Virgin Australia’s newly installed CEO has said it will be “irresistible” to fly again, as the airline aims to regain market share under new ownership. Jayne Hrdlicka told CNBC Wednesday that the company was well-placed to take a third of the domestic market, reinstating it to pre-Covid levels as travel …

Chevron has taken steps to lessen the oil and gas giant’s dependence on fossil fuels, laying a path to an energy system with a reduced carbon footprint, CEO Mike Wirth told CNBC’s Jim Cramer Wednesday. “We embrace a lower carbon future. We expect a lower carbon energy system,” Wirth said …

Delta Airline employees check in luggage at the Ronald Reagan National Airport on July 22, 2020 in Arlington, Virginia. During the COVID-19 pandemic, all employees and passengers are required to wear facemasks while onboard a Delta plane. Michael A. McCoy | Getty Images Delta Air Lines CEO on Wednesday asked …

Pet food supplier Chewy on Tuesday reported better-than-expected results in the company’s third fiscal quarter, in which it saw another surge in business amid the coronavirus pandemic. Chewy reported a 45% growth in revenue in the quarter ended Nov. 1, the third consecutive three-month period of a nearly 50% increase …

Tilman Fertitta, chairman and CEO of Landry’s Inc., on Tuesday confirmed to CNBC that he is considering returning parts of his restaurant and gaming business to the public markets. “You can do such bigger deals and there’s so much more opportunity when you have a stock book,” Fertitta said on …

The hot housing market during the coronavirus pandemic could heat up further if more homes are put up for sale, the CEO of real estate brokerage Redfin told CNBC on Monday. “If we see people get more comfortable letting others into their home, we’re going to see more inventory on the …

LONDON — The CEO of British aviation and energy firm Stobart Group warned that air travel needs to start again from April, or some airlines might vanish. “Airlines absolutely need a positive injection, and that means really from April, we need to get people traveling. I think without that, the …

The co-founder and CEO of charity Tusk has told CNBC that the shutdown of the tourism industry in Africa due to the Covid-19 pandemic has caused an economic crisis which is impacting conservation in the region. Charles Mayhew, who is based in the U.K., co-founded the charity in 1990, with …

Kroger CEO Rodney McMullen on Thursday expressed confidence about the distribution of coronavirus vaccines at its pharmacies, telling CNBC the grocer was “ready and anxious to get started.” “We’re definitely prepared,” he said on “Closing Bell,” adding the company has been coordinating with the federal government and states for weeks. …

The online shopping craze has delivered a windfall for the shipping industry, and global warehouse providers such as XPO Logistics are reaping benefits, CEO Brad Jacobs told CNBC’s Jim Cramer on Wednesday. “In our logistics business, we are squarely in the middle of this massive e-commerce boom,” he said in …

Grammy Award-winning artist Ciara has launched a new fashion company alongside her husband, NFL star Russell Wilson, and former Lululemon CEO Christine Day. But the brand, called the House of LR&C, has a mission beyond just the clothes it sells, Ciara and Day told CNBC on Wednesday. “We’re not only …

Doug McMillon, CEO of Walmart. Adam Jeffery | CNBC Walmart CEO Doug McMillon said the discounter wants to grow its new membership program, Walmart+, but won’t sacrifice customer experience for subscriber numbers. “One of the worst things we could do would be to sell a bunch of Walmart+ memberships and …

Former Ford Motor CEO Mark Fields told CNBC on Tuesday that the U.S. auto industry was “in a sweet spot” heading into 2021, following a better-than-expected recovery from the coronavirus pandemic. “I think overall the industry is going to have a strong fourth quarter, and I do believe it’s going …

Randy Garutti Cameron Costa | CNBC A rendering of Shake Shack’s drive-up window Source: Aria Group Shake Shack was one of the first restaurant chains to unveil restaurant designs inspired by habits its customers adopted during this year’s health crisis. In May, it debuted the “Shack Track,” which has drive-up …

Dr. Scott Ellner, the chief executive of a Montana health system that is already “at or beyond capacity,” told CNBC on Monday plans were in place to handle an increase of Covid-19 patients stemming from Thanksgiving gatherings. “In Montana, our community, our people believe in their personal freedoms, and we …

The lines that in recent weeks have stretched for hours at urgent care locations around New York City are not going away anytime soon, Summit CityMD CEO Dr. Jeffrey Le Benger told CNBC on Friday. Of the roughly 34,000 patients that Summit CityMD sees everyday in New York and New …

A man walks past a sign at an AstraZeneca site in Macclesfield, central England. Phil Noble | Reuters LONDON — Government ministers and experts in Britain have openly backed a coronavirus vaccine from AstraZeneca and Oxford University, after doubts were raised in the U.S. this week.   Housing Minister Robert Jenrick …

Nikola Motor Company Two truck Source: Nikola Motor Company Shares of embattled electric vehicle start-up Nikola Corp. fell by more than 8% in afterhours trading after CEO Mark Russell failed to reassure investors that the company’s $2 billion deal with General Motors would still go through and that ousted founder …

Dick’s Sporting Goods on Tuesday announced its current president, Lauren Hobart, is set to succeed Ed Stack as chief executive on Feb. 1. Stack, 65, will transition to executive chairman and remain chief merchant, the company said in a news release. He took over the business from his dad in …

The sharp uptick in coronavirus cases across the Midwest is increasing health-care workers’ risk of getting infected, jeopardizing staffing levels needed to care for other Covid-19 patients, according to the CEO of a Minnesota hospital system. Dr. Penny Wheeler, who leads Minneapolis-based Allina Health, told CNBC on Monday that the …

Regeneron will provide the U.S. with 300,000 doses of its newly authorized Covid-19 antibody treatment by early January, the company’s CEO, Dr. Leonard Schleifer, said Monday. The Food and Drug Administration on Saturday granted an emergency use authorization for the company’s antibody treatment, called REGN-COV2. The experimental therapy was given to President Donald Trump when he contracted …

Game Stop store in New York City. Michael Brochstein | LightRocket | Getty Images The shift away from brick-and-mortar retailers in favor of online shopping has hurt GameStop over the past decade, pushing the company’s stock down nearly 40% in that time period. But Ryan Cohen, the former CEO of …

Zebra Technologies has played a role in coronavirus testing to fight off the pandemic, and now the barcode company has a new role to play in preventing the deadly virus from spreading further, CEO Anders Gustaffson told CNBC’s Jim Cramer Friday. While Zebra’s products have been used for tracking samples …

People sit as Macys shopping bags are placed on a table at Herald Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 20, 2020 in New York City. The fourth phase allows outdoor arts and entertainment, sporting events without …

Chris Chen, chief executive officer at China’s WuXi Biologics, expects approval for a Covid-19 antibody treatment either “late this year or early next year, ” he told CNBC. WuXi Biologics, which sells outsourced laboratory and manufacturing services to biotech companies, has signed several deals with clients to research antibodies for …

Chime, the start-up that delivers banking services via mobile phones, has emerged as a major winner during the pandemic and its CEO believes the change is here to stay. “Covid and the pandemic has just accelerated the trend that was already in motion. There’s an increasing willingness to provide and …

Newsmax founder and CEO Christopher Ruddy on Tuesday sought to quell speculation that the conservative television news channel and website would become a Trump-branded network after President Donald Trump departs the White House, telling CNBC that too much was being made of their personal relationship. The Wall Street Journal on …

Ugur Sahin, CEO of BioNTech. Andreas Arnold | picture alliance | Getty Images LONDON — Daily life may return to normal by next winter, according to one of the creators of the highly-anticipated prospective coronavirus vaccine by Pfizer and BioNTech. Professor Ugur Sahin, co-founder and chief executive of BioNTech, also …

Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO. He is known as a demanding leader, and straight shooter. “I’ve often been in board meetings at other companies and the CEO will put up a list of 10 priorities … well, that’s the same as having no …

Mike Wells, the chief executive of insurance company Prudential, said Apple and Google have the platforms to be competitors in the health arena, but it would mean facing even more regulatory scrutiny than they do already. The Silicon Valley giants, which reach billions of people with their iOS and Android …

Former Aetna CEO Mark Bertolini told CNBC on Wednesday that the flaws in the Affordable Care Act can be fixed without totally getting rid of the law. “To tear … this very important program out now, in the midst of this pandemic and huge unemployment, would be huge mistake,” Bertolini said …

The technology industry has had an up-and-down relationship with President Trump, even though for many tech stocks, the Trump presidential first term has been up and to the right on the trading chart. Apple CEO Tim Cook received kudos for a rapport with Trump that averted the worst potential outcomes …

Pfizer CEO Albert Bourla sold almost $5.6 million worth of stock on Monday, the same day the drugmaker announced positive early data on its experimental coronavirus vaccine that sent shares soaring. Shares of Pfizer jumped by almost 15% on Monday after the company and its partner BioNTech said its vaccine …

Beyond Meat CEO Ethan Brown on Tuesday sought to clear the air on his company’s relationship with McDonald’s after shares tanked the day prior on news of the restaurant chain’s forthcoming plant-based line. Beyond Meat investors reacted negatively when the meatless food maker was not named as a supplier for …

Technology trends driven by the coronavirus pandemic — such as the shift to remote working — will continue after a vaccine becomes available, according to the former boss of IBM. Ginni Rometty, who serves as IBM’s executive chairman after stepping down from the CEO role this year, predicted that digital …

Frank Del Rio, CEO, Norwegian Cruise Line Scott Mlyn | CNBC Pfizer‘s encouraging vaccine news Monday gave some consumers enough comfort to book cruises, Norwegian Cruise Line CEO Frank Del Rio said Tuesday. Data from Pfizer’s late-stage vaccine trial news sent the U.S. stock markets soaring Monday, along with Norwegian …