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As part of its Financial Improvement Plan, Eugene Putnam, $UTI's President and CEO, will leave $UTI, effective November 30, 2016. To ensure a proper transition, Mr. Putnam will support the company through the FY16-end financial reporting cycle. Bryce Peterson, SVP of Information Technology, has been promoted to CFO, effective immediately.
$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.