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Office development REIT $OFC said Stephen Budorick, current COO, has been appointed President and CEO, effective after the May 2016 Annual Shareholders Meeting. Budorick will succeed Roger Waesche, Jr. who will leave the board at the end of his current term in May. The BoD intends to appoint Budorick to the board after the annual meeting.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.