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Software company $TNGO said Al Subbloie has resigned from his role as Chairman of the Board and CEO, effective immediately. Independent Director James Foy will serve as Acting CEO while a search process is conducted to identify a permanent CEO. The Board also appointed Gerald Kokos, Lead Director, as Executive Chairman of the company.
$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.