Chipotle Recruits CEO From Taco Bell

Chipotle Mexican Grill Inc. on Tuesday named Taco Bell Chief Executive Brian Niccol as its next CEO, tapping a fast-food veteran to try to revive the struggling burrito chain.
Chipotle Mexican Grill Inc. on Tuesday named Taco Bell Chief Executive Brian Niccol as its next CEO, tapping a fast-food veteran to try to revive the struggling burrito chain.
Letter outlines Company’s “disastrous” performance and current Board’s inability to represent shareholders’ interest or provide meaningful oversight Detailed analysis of Supervalu’s operations, strategy and finances available at www.savesupervalu.com Blackwells believes there are opportunities to unlock significant value for all shareholders Blackwells Capital LLC (“Blackwells”), an alternative investment management firm, today sent a letter to the Board of Directors (the “Board”) of Supervalu Inc. (NYSE: SVU) (“Supervalu” or the “Company”) announcing its intention to submit director nominations to the Board in connection with the Company’s 2018 annual meeting of shareholders. Blackwells also released a presentation ...
CSX Corp. will require the railroad's chief executive to submit to an annual physical exam that will be reviewed by the board, adopting the policy months after the death of prior CEO Hunter Harrison following unspecified health issues. The board has agreed to adopt the policy at its upcoming meeting on Feb. 7, according to a letter submitted to the Securities and Exchange Commission reviewed by The Wall Street Journal...
The biggest passive money managers all like to use some version of the word "engage" when describing how they hold their portfolio companies accountable behind the scenes. They differ on how that engagement is measured. BlackRock Chief Executive Laurence Fink cited the strategy this week in his annual letter to other CEOs...
Ericsson AB's costly turnaround continues.
The Swedish telecommunications-equipment maker said it expects to write down another 14.2 billion Swedish kronor ($1.77 billion) in assets, as it struggles to retool itself in the face of slowing sales and nimbler Chinese rivals. It is the latest in a series of charges amounting to more than $5 billion over the past two years.
Over that period, Ericsson has replaced its chief executive and chairman, shed thousands of jobs and racked up quarterly losses. It has also tussled with an activist investor, who ultimately won a role picking board members...
Washington D.C.-- Robert J. Jackson Jr. and Hester M. Peirce were sworn into office as SEC Commissioners this morning by SEC Chairman Jay Clayton.
Mr. Jackson and Ms. Peirce were nominated to the SEC by President Donald Trump, and their nominations were confirmed by the U.S. Senate on Dec. 21. Both new commissioners participated in today’s inaugural meeting of the SEC’s Fixed Income Market Structure Advisory Committee...
Alexion Pharmaceuticals Inc. said Tuesday it will work with hedge fund Elliott Management Corp. on filling an open board seat. The move comes as the rare-disease drugmaker has been facing pressure from the activist investor, which has pushed for changes in recent years at companies including aluminum parts maker Arconic Inc. and Brocade Communication Systems, now part of Broadcom Ltd.
China's Geely Holding, which already owns the Volvo Car Group, is buying an 8.2 percent stake in Swedish truck maker AB Volvo from activist investor Cevian Capital for around $3.3 billion (£2.46 billion)...
NEW YORK , Dec. 20, 2017 /PRNewswire/ -- Helping the company focus on long-term performance, navigate technology-driven disruption and digital transformation, and be attuned to corporate culture and other reputational risks should be high on board agendas in 2018, according to U.S. audit, tax and advisory firm KPMG LLP's Board Leadership Center (BLC)...
Shareholders criticised the London Stock Exchange's board on Tuesday for its handling of a row with activist shareholder TCI over the future of the company's senior management...
U.S. private equity giant KKR & Co. agreed Friday to acquire Unilever PLC's margarine and spreads business in a deal that values the unit at EUR6.83 billion ($8.03 billion), making it one of the largest European acquisitions by a buyout firm this year...
HERSHEY, Pa., Dec. 06, 2017 (GLOBE NEWSWIRE) -- The Hershey Company (NYSE:HSY) today announced the appointment of Wendy L. Schoppert to its Board of Directors, effective immediately....
LONDON -- Nestlé SA agreed to buy Atrium Innovations Inc., a Canadian vitamin maker, for $2.3 billion, including the assumption of debt -- expanding its range of consumer-health offerings as sales slow for packaged-food staples such as TV dinners and chocolate-powdered drinks...
WYG plc ( WYG or the Group ), the global programme, project management and technical consultancy, is pleased to announce the appointment of Marcia Marini as a Non-Executive Director of the Group with effect from 1 January 2018...
Activist investor Carl Icahn has stepped up his attack on SandRidge Energy Inc's proposal to buy a rival oil-and-gas producer, taking aim at the company's top executives and calling for a release of records on the deal and executive pay, according to a regulatory filing on Friday...
Starboard Value LP has taken a 10.7% stake in Mellanox Technologies Ltd., urging the company to improve its margins and stock and explore a potential sale, a thesis in part helped by deal talks at Marvell Technology Group Ltd., where Starboard has a seat. Starboard believes Mellanox is spending too much on research and development and other corporate expenses to try to grow revenue, sacrificing margins compared with peers, according to people familiar with the matter...
This year, compensation for the middle market executive fluctuated across company sizes and industries. According to the BDO 600: 2017 Survey of CEO and CFO Compensation Practices of Middle Market Public Companies , pay for CEOs increased at companies in the smallest revenue range. Meanwhile, CFO increases occurred at the small and midsized company level...
MISSISSAUGA, Ontario--(BUSINESS WIRE)--Nov. 14, 2017-- Covalon Technologies Ltd. (the 'Company' or 'Covalon') (TSXV: COV; OTCQX: CVALF), an advanced medical technologies company, is extremely pleased to announce that Major General (Ret.) Gale S. Pollock, CRNA, FACHE, FAAN, has agreed to join Covalon's Board of Directors. Major General Pollock is a two-star General who retired in 2008 after 36 years of service in the U.S. Army. She held the position of Acting Surgeon General of the U.S. Army...
Communications chipmaker Broadcom Ltd is planning to unveil a bid for smartphone chip supplier Qualcomm Inc. by Monday, two sources familiar with the matter said on Friday, an attempt to create a roughly $200-billion company in what would be the biggest technology acquisition ever...
By Michael Rapoport This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (October 31, 2017). What are General Electric Co.'s earnings? The question doesn't have a single answer -- the company recently provided four different versions of them....
Engaged Capital, LLC (together with its affiliates, “Engaged Capital”) an investment firm specializing in enhancing the value of small and mid-cap North American equities with a 20.5% economic exposure to Rent-A-Center, Inc. (“Rent-A-Center” or the “Company”) (NASDAQ:RCII), today issued a statement in respect of its investment in Rent-A-Center...
Akzo Nobel NV and U.S. rival Axalta Coating Systems Ltd. are considering a possible merger of equals that would create a multibillion-dollar coating and paints giant, according to a person familiar with the matter...
Cisco Systems Inc, the world’s largest networking gear manufacturer, is nearing a deal to buy U.S. telecommunications software firm BroadSoft Inc. for close to $2 billion, a person familiar with the matter said on Sunday...
Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday. "We have a pretty good track record of being able to deliver good improvements in our own business without making massive one-time job cuts," Rodriguez said...