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Tag: executives
China Mobile says enlisting executives' families in graft fight
2015-07-08 05:26:42| Telecom - Topix.net
China Mobile, the country's largest wireless carrier, is asking top executives and their families to sign letters promising to help in the fight against corruption, the company said on Wednesday, as part of the government's battle against deep-rooted graft. China's anti-corruption investigators pledged earlier this year to begin scrutinizing China Mobile Ltd and China Telecom Corp Ltd after a probe into China Unicom Hong Kong Ltd ensnared several high-ranking executives.
Tags: china
mobile
families
fight
Whole Foods executives: We did overcharge N.Y. customers
2015-07-02 04:44:46| Grocery - Topix.net
Top executives for Austin-based Whole Foods Market issued a video message Wednesday admitting the company overcharged some New York customers and laying out plans to rectify the issue. Co-CEOs John Mackey and Walter Robb made the joint statement in a nearly 2-minute video posted on the organic food giant's YouTube channel.
Tags: customers
foods
executives
overcharge
Telenor, Telia Denmark announce joint venture executives
2015-07-01 12:03:00| Telecompaper Headlines
(Telecompaper) Telenor Denmark and TeliaSonera Denmark said that Hilde Tonne from Telenor Group's executive management has been appointed as CEO for their forthcoming joint venture. Telia Denmark CEO Soren Abildgaard and CFO Dennis Kilian have been appointed as deputy CEO and CFO respectively.
Tags: joint
denmark
venture
announce
Colt to exit IT service, reduce senior executives
2015-06-30 09:55:00| Telecompaper Headlines
(Telecompaper) Colt has approved a new business plan that will put greater focus on the company's core businesses, namely Network, Voice and Data Centre Services, with a managed exit from IT Services. Cost transformations across the group will also continue to be a key strategic focus, with Colt looking to reduce the number of senior executives in order to simplify and streamline operations. The European carrier has been working on the plan since the beginning of the year; it has now been given a provisional approval by its management board. The plan, which is unrelated to the recent buy-out offer by Fidelity, will be put into effect as quickly as possible. The Business Plan is expected bring cash one-off expenses of EUR 45-55 million and a non-cash impairment charge of around EUR 90 million. There will also be an exceptional restructuring cost of EUR 25 million relating to the Core Business. Savings are seen at EUR 25 million per year, reflected in Core Business EBITDA partially this year and fully next year. Trading is still expected in line with expectations for the second quarter; results will be reported before the end of July. Colt is guiding for a free cash flow for its Core Business of EUR 70-80 million for 2015 and of EUR 100-120 million for 2016, including all restructuring exceptionals and cash outflows.
Tags: service
senior
reduce
exit
Heinz executives to dominate Kraft Heinz leadership
2015-06-30 00:54:40| Food - Topix.net
The leadership of Kraft Heinz Co will be dominated by former executives of H.J. Heinz Co after that company merges with Kraft Foods Group Inc Eight of the 10 executives named on Monday to the combined company's senior leadership team come from Heinz, including Chief Financial Officer Paulo Basilio. They will work under Bernardo Hees, who is to become Kraft Heinz's chief executive after holding the same position at Heinz.
Tags: leadership
kraft
executives
heinz
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