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....United typically oversells flights by less than 3% of the plane’s seat capacity to account for no-shows. The company’s chief executive, Oscar Munoz, who took the helm in 2015 as part of an effort to improve customer relations, faced calls to step down after referring to Dao as “disruptive and belligerent” in a statement following the incident. ... [Read full article on Guardian ]
Thursday 27th of April 2017 02:43:53 PM
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....At 72, even with a new baby to deal with, Sorrell’s health and indefatigable work ethic seem to make the issue of age irrelevant. Indeed, gerontocracies are common in medialand: Rupert Murdoch is 86, Barry Diller is 75, as is Sorrell’s erstwhile adversary Maurice Lévy, who this summer will step down as chief executive of Publicis, the world’s third-largest advertising company. ... [Read full article on Guardian ]
Saturday 29th of April 2017 03:00:02 PM
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Latest Finance News related to Step Down

Martin Sorrell and the sunset of the superstar chief executives image
Source : Guardian [Read Article] Saturday 29th of April 2017 03:00:02 PM
....At 72, even with a new baby to deal with, Sorrell’s health and indefatigable work ethic seem to make the issue of age irrelevant. Indeed, gerontocracies are common in medialand: Rupert Murdoch is 86, Barry Diller is 75, as is Sorrell’s erstwhile adversary Maurice Lévy, who this summer will step down as chief executive of Publicis, the world’s third-largest advertising company. ...
United Airlines to offer up to $10,000 for passengers to give up seats image
Source : Guardian [Read Article] Thursday 27th of April 2017 02:43:53 PM
....United typically oversells flights by less than 3% of the plane’s seat capacity to account for no-shows. The company’s chief executive, Oscar Munoz, who took the helm in 2015 as part of an effort to improve customer relations, faced calls to step down after referring to Dao as “disruptive and belligerent” in a statement following the incident. ...
Andrew Tyrie to stand down as Conservative MP after 20 years image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:33:38 PM
.... Tyrie said to the governor there had been a “deliberate attempt to frighten the voting public by the Bank with a political motive”. His latest victim was Charlotte Hogg, who will step down as one of Threadneedle Street’s deputy governors later this week after her failure to disclose details of a potential conflict of interest to the committee led to her resignation. ...
George Osborne facing calls to quit as MP over Evening Standard job image
Source : Guardian [Read Article] Friday 17th of March 2017 12:51:44 PM
. George Osborne is coming under growing pressure to step down as Conservative MP for Tatton in Cheshire, after his surprise appointment as the editor of the London Evening Standard. ...
HSBC appoints AIA boss Mark Tucker as new chairman image
Source : BBC [Read Article] Sunday 12th of March 2017 11:19:23 PM
....The appointment breaks an HSBC tradition of appointing insiders to the chairmanship. One of his first jobs will be to find a replacement for Stuart Gulliver, the chief executive of HSBC, who plans to step down next year. ...
Deutsche Bank shares hit by cash call image
Source : BBC [Read Article] Sunday 5th of March 2017 04:57:28 PM
.... . Jeffrey Urwin, head of corporate and investment banking, will step down, and a new chief finance officer will be sought. ...
FTSE 100 falls from record high as Capita slumps image
Source : BBC [Read Article] Thursday 2nd of March 2017 09:09:57 AM
....The share fall came after the company revealed that annual pre-tax profits had fallen 33% to £74. 8m and said its chief executive, Andy Parker, would step down later this year. ...
Capita boss to quit amid profit fall image
Source : BBC [Read Article] Thursday 2nd of March 2017 08:19:35 AM
....Capita, the outsourcing company that operates the London congestion charge, has said its chief executive is stepping down after it reported a big fall in profits. The firm said Andy Parker would step down later this year once a replacement had been found. ...
Co-op CEO Richard Pennycook to step down image
Source : Guardian [Read Article] Tuesday 7th of February 2017 04:13:24 PM
. The Co-operative Group chief executive, Richard Pennycook, who rebuilt the company after its banking crisis, is to step down. ...
Tesco to buy Budgens and Londis owner Booker in £3.7bn deal image
Source : Guardian [Read Article] Friday 27th of January 2017 07:18:45 AM
.... In the years since, the grocer has been battered by the discounters and by the move to online and convenience shopping. Leahy’s successor, Philip Clarke, was forced to step down after a series of profit warnings and the grocer was then engulfed in an accounting scandal that is still the subject of a Serious Fraud Office investigation. ...
BT loses almost £8bn in value as Italy accounting scandal deepens image
Source : Guardian [Read Article] Tuesday 24th of January 2017 11:20:33 AM
....3m last year including an annual bonus of just over £1m and share awards worth £3m. The finance director, Tony Chanmugam, who was already due to step down in July, received £2. ...
Pearson profit warnings wipe almost £2bn off its value image
Source : Guardian [Read Article] Wednesday 18th of January 2017 09:30:18 AM
....John Fallon, the chief executive of Pearson, admitted that the company “got a few calls wrong” at its US business last year, including a belief that college enrolments would stabilise and the huge impact of students renting books through services such as Amazon. He rejected suggestions that he should step down as chief executive but said he would start meeting with disgruntled shareholders in the coming days. ...
Mike Ashley criticises shareholders of Sports Direct over Keith Hellawell image
.... Ashley’s majority stake did not count towards the independent vote on Hellawell’s re-election at the first meeting. Hellawell has said he will step down at Sports Direct’s next annual meeting if he does not win the support of the majority of independent shareholders again. ...
FTSE 100 index closes at another record high image
Source : BBC [Read Article] Monday 9th of January 2017 09:35:43 AM
....Bovis Homes shares were up 1. 4% after the firm announced that its chief executive, David Ritchie, was to step down. ...
Sports Direct chairman Keith Hellawell rejected by shareholders again image
Source : Guardian [Read Article] Thursday 5th of January 2017 01:06:49 PM
....”. At the previous vote in September, Hellawell tried to assuage disgruntlement among investors by promising to step down at the 2017 annual meeting if he did not win the support of independent investors again. ...
Sports Direct chairman survives shareholder revolt image
Source : BBC [Read Article] Thursday 5th of January 2017 01:50:20 AM
.... . The 74-year-old, who has been Sports Direct chairman since 2009, said he would step down at the 2017 AGM if he had failed to win over shareholders' approval by then. ...
Richard Cousins makes shock departure from Tesco board of directors image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 06:26:50 PM
....Cousins has led Compass for almost 11 years, but this is not the first time he has left a non-executive position unexpectedly. In December 2013, the health, hygiene and home products group Reckitt Benckiser announced Cousins would step down as a non-executive director because he was “assuming an increasingly day-to-day operational role as chief executive of Compass” and this would “impact on his ability to devote sufficient time to his role as a non-executive director of RB”. ...
Sports Direct chair Keith Hellawell faces renewed pressure to resign image
Source : Guardian [Read Article] Tuesday 3rd of January 2017 05:38:18 PM
. Sports Direct’s embattled chairman, Keith Hellawell, has come under renewed pressure to step down as a series of City investment groups said shareholders should oppose his re-election to the retailer’s board this week. ...
Tiger makes millions for couple who brought Danish store to UK image
Source : Guardian [Read Article] Monday 2nd of January 2017 06:45:29 PM
.... Philip Bier acted as managing director while Emma Bier was head of design and marketing. However, the Biers have now sold their stake in Tiger Retail to Zebra for an undisclosed amount and will step down from the company. ...
Head of Japan's top ad firm to quit after new recruit's death from overwork image
Source : Guardian [Read Article] Thursday 29th of December 2016 08:12:47 AM
....The head of Japan’s biggest advertising agency is to resign, as prosecutors launch an investigation into his firm for enforcing excessive overtime after an overworked employee took her own life. Tadashi Ishii, the president of Dentsu, said he would step down next month, just over a year after Matsuri Takahashi killed herself at a company dormitory in a case Japanese authorities classified as karoshi, or death from overwork. ...
Dentsu chief resigns after overworked employee commits suicide image
Source : BBC [Read Article] Wednesday 28th of December 2016 05:28:48 PM
. The head of Japanese advertising group Dentsu is to step down following the suicide of an employee who had worked hundreds of hours of overtime. ...
Banking standards: treacherous political waters lie ahead image
Source : Guardian [Read Article] Wednesday 28th of December 2016 09:21:01 AM
.... It is likely, too, that there will soon be a new chair of the Basel committee itself. Stefan Ingves of Sweden is due to step down in June. ...
Cyrus Mistry resigns from Tata boards image
Source : BBC [Read Article] Monday 19th of December 2016 04:21:29 PM
....". Mr Mistry said it was now time to "shift gears, up the momentum and be more incisive in securing the best interests of the Tata Group", which was why he had decided to step down. ...
Sports Direct chairman seeks shareholder support as profits tumble image
Source : Guardian [Read Article] Friday 9th of December 2016 06:36:02 PM
....”. A notice to shareholders published late on Friday made clear that if Hellawell is re-elected in January, but subsequently does not receive the support of a majority of independent shareholders at the next annual general meeting in September 2017, he will “step down at that time with immediate effect. ...
Andrew Puzder criticized as 'cruel and baffling' choice for labor secretary image
Source : Guardian [Read Article] Thursday 8th of December 2016 09:32:44 PM
....The allegations threatened to interrupt Puzder’s work as a prominent lawyer for then Missouri governor John Ashcroft’s taskforce on abortion. When news of Henning’s accusations were published, Puzder offered to step down from the organization because he didn’t “want to be an embarrassment to the governor or an impediment to the work of the taskforce”. ...
McCluskey triggers early Unite general secretary election image
Source : BBC [Read Article] Tuesday 6th of December 2016 05:29:48 PM
. Len McCluskey has announced he will step down next April as leader of the UK's biggest trade union Unite, but stand immediately for re-election. ...
Trump says Air Force One Boeing order should be cancelled image
Source : BBC [Read Article] Tuesday 6th of December 2016 05:06:02 PM
....Mr Trump now uses his own plane, but as president he would travel aboard Air Force One, which is equipped with special safety, defensive and communications equipment. He is known for his admiration of his Trump-branded Boeing 757 jet, boasting to Rolling Stone last year that his aircraft was "bigger than Air Force One, which is a step down from this in every way". ...
Starbucks CEO Howard Schultz will resign from position for second time image
Source : Guardian [Read Article] Thursday 1st of December 2016 10:55:14 PM
. Howard Schultz will step down as Starbucks chief executive – again. ...
Starbucks boss Howard Schultz to step down image
Source : BBC [Read Article] Thursday 1st of December 2016 10:35:13 PM
. The chief executive of the Starbucks coffee chain, Howard Schultz, will step down from his post next year. ...
Mark Carney plan for Brexit gets cool response from Gove image
Source : BBC [Read Article] Sunday 27th of November 2016 03:10:34 PM
....The Bank of England does not have any role in the Brexit negotiations with the EU but can provide technical assistance to the UK government. Mr Carney, who is due to step down in 2019, has been robust in defence of Bank's operational independence since June's referendum. ...
Mitie withdraws from healthcare as it issues second profit warning image
Source : Guardian [Read Article] Monday 21st of November 2016 09:37:09 AM
....Mitie’s shares fell as much as 18% in early trading and were down 7% at 194p after lunch. McGregor-Smith, who has run Mitie for almost 10 years, announced soon after the first profit warning that she would step down. ...
Ron Dennis: McLaren boss ends his 35-year tenure image
Source : BBC [Read Article] Tuesday 15th of November 2016 05:29:03 PM
....Dennis, 69, quit after being told by fellow shareholders on Tuesday that he must give up his position as chairman and chief executive of McLaren Group. He did not want to step down and failed in a High Court bid last week to prevent McLaren putting him on 'gardening leave'. ...
Keep it in the family image
Source : BBC [Read Article] Thursday 3rd of November 2016 12:16:24 AM
....Donald Trump has said that if he becomes president, he will hand control of his business empire to Ivanka and her brothers, Don and Eric. If Hillary Clinton wins the race for the White House, the intention is for her and husband Bill to step down from the board of the Clinton Foundation and for Chelsea, currently its vice-chair, to take over its day-to-day operations. ...
Sports Direct's acting finance director steps down image
Source : BBC [Read Article] Thursday 13th of October 2016 11:41:12 AM
. Sportswear retailer Sports Direct has said its acting finance director, Matt Pearson, will step down after four months in the role. ...
Premier Foods' gravy and pudding sales hit by hot weather image
Source : BBC [Read Article] Wednesday 12th of October 2016 10:08:29 AM
.... . Chairman David Beever announced in September he would step down from the position next year. ...
Wells Fargo chief forfeits $41m amid corruption probe image
Source : BBC [Read Article] Wednesday 28th of September 2016 12:23:05 AM
....Wells Fargo has fired more than 5,000 staff in response to the scandal. Mr Stumpf has so far ignored calls for him to step down. ...
Sports Direct: Ashley steps in as chief executive resigns image
Source : BBC [Read Article] Friday 23rd of September 2016 06:35:52 AM
.... . Sarah Wilson, chief executive of shareholder pressure group, Manifest, told BBC Radio 5 live the move added another corporate governance problem: "Are we going to see [Mike Ashley] step down from his other job as deputy chairman? . ...
Wells Fargo boss urged to resign over accounts scandal image
Source : BBC [Read Article] Tuesday 20th of September 2016 02:37:12 PM
....During fierce criticism from a panel of US senators, Wells Fargo chief executive John Stumpf was told to resign over a bogus accounts scandal. Senator Elizabeth Warrren told Mr Stumpf he should step down as his bank had "squeezed" its employees "so they would cheat customers". ...
Bank of England's Minouche Shafik leaves to run the LSE image
Source : BBC [Read Article] Monday 12th of September 2016 10:38:49 AM
....She is one of only two women on the Bank's nine-member Monetary Policy Committee, which sets interest rates. Ms Shafik will step down at the end of February. ...
John Lewis boss 'to run for West Midlands Mayor job' image
Source : BBC [Read Article] Friday 9th of September 2016 11:12:23 AM
....Mr Street will apply to be the Conservative mayoral candidate. Should Mr Street be selected as the party's choice, he would step down from his John Lewis role, the firm said. ...
Sports Direct boss Mike Ashley says if he keeps failing he will go image
Source : BBC [Read Article] Wednesday 7th of September 2016 02:33:14 PM
.... . Legal and General Investment Management, Sports Direct's 11th largest shareholder, called for Mr Hellawell to step down immediately. ...
Sports Direct hears shareholder anger at annual meeting image
Source : BBC [Read Article] Wednesday 7th of September 2016 07:11:15 AM
....Shareholder Hermes also said it would vote against the reappointment of Mr Hellawell. "When we've met him he always comes across as an individual with the highest integrity [but] we believe now is the time for him to step down and be replaced by a strong, credible individual with strong experience of chairing a FTSE company," Leon Kamhi, the head of responsibility at Hermes Investment Management, told the BBC. ...
Sports Direct chairman should 'step down' image
Source : BBC [Read Article] Tuesday 6th of September 2016 01:09:24 PM

Child sex abuse inquiry: Social worker Prof Alexis Jay who helped expose Rotherham scandal named as new chair
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....She has since accused the Labour-dominated council of turning a blind eye to the problem because of “their desire to accommodate a community that would be expected to vote Labour, to not rock the boat, to keep a lid on it, to hope it would go away”. Her success in holding politicians and institutions to account in the case of Rotherham is likely to be welcomed given previous chairs have had to step down over the links to establishment figures. ...
Huffington Post founder Arianna Huffington to step down image
Source : BBC [Read Article] Thursday 11th of August 2016 12:37:36 PM
. Arianna Huffington, who co-founded the liberal news website Huffington Post 11 years ago, has announced she is to step down as editor-in-chief. ...

Hillary Clinton says Donald Trump 'crossed the line' with Second Amendment comments 
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....They included Carlos Gutierrez, the former Commerce Secretary, and John Negroponte, the former Director of National Intelligence. A new poll showed one in five registered Republicans wanted Mr Trump to step down as the party's presidential nominee. ...

Labour MP hits out at all-male mayoral candidates, suggests women in party being left to 'serve the tea'
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.... . Corbyn allies are expected to call for Iain McNicol, Labour’s general secretary, to step down if his appeal fails to be backed by the courts. ...

Jeremy Corbyn aide wins Labour nomination for Liverpool mayor
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Source : Telegraph [Read Article] Wednesday 10th of August 2016 09:40:05 AM
...." . In January Mr Rotheram was forced to step down from Labour's National Executive Committee after the parliamentary party voted overwhelmingly to bar Parliamentary Private Secretaries (PPS) from acting as the backbench representative on the body. ...

Brazil political crisis: Senators vote to put suspended president Dilma Rousseff on trial 
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....Rousseff, 68, was jailed and tortured by the country's military regime in the 1970s when she belonged to an urban guerrilla group. Rousseff rode Lula's coattails to power when term limits forced him to step down in 2011. ...

Andy Burnham wins race to become Labour's candidate for Manchester mayor
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Source : Telegraph [Read Article] Tuesday 9th of August 2016 10:09:25 AM
.... . Mr Burnham is expected to leave the shadow cabinet and step down as MP if he wins the race, which will be voted on next year. ...

Japan's Emperor Akihito hints at abdication in rare TV address
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Source : Telegraph [Read Article] Monday 8th of August 2016 06:23:51 AM
. The Japanese emperor hinted that he wished to step down on Monday in an an unprecedented move which could see the first abdication in the country’s modern history and a complete overhaul of its imperial constitution. ...

South Africa election sees ANC suffer its worst defeat since end of apartheid
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.... . Instead the Union Buildings’ present occupant, President Jacob Zuma, who is halfway through his second term, faces intense pressure within the ANC to step down after a series of corruption scandals saw its dominance nationwide eroded and Mr Zuma’s own hometown Nkandla in the hands of a rival party. ...

Saatchi boss resigns in a blaze of management-speak amid row over sexism in the advertising industry
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....And Nancy Hill, CEO of the American Association of Advertising Agencies, said the decision to put Mr Roberts on leave was “absolutely the right thing to do”. On Wednesday, Publicis Groupe issued another short statement saying: "The Supervisory Board and the Chairman and CEO of Publicis Groupe took note of Kevin Robert’s decision to step down with effect from September 1st 2016, prior to his retirement date due in May 2017. ...
Saatchi boss Kevin Roberts resigns image
Source : BBC [Read Article] Wednesday 3rd of August 2016 10:28:20 AM

Bill Bratton steps down as New York police commissioner
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Source : Telegraph [Read Article] Tuesday 2nd of August 2016 05:39:50 PM
....He regularly cites Sir Robert Peel’s Nine Principles of Policing, and had a copy on hand when he was appointed New York’s commissioner for a second time in 2013. Mr Bratton will step down at the end of August, bringing his 46-year policing career to a close and starting a job in the private sector. ...

The Brazillionaire families at the heart of the Olympic construction bribes scandal
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....Outward appearances might lead one to think that Brazil has recently seen a dramatic shift in power. In May, when Rousseff was forced to step down for her impeachment trial in the Senate, Vice President Michel Temer became Brazil’s acting head of state. ...

Syrian rebels launch push aimed at breaking Aleppo siege
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Source : Telegraph [Read Article] Monday 1st of August 2016 12:58:08 AM
....In the capital, Damascus, Ramzy Ramzy, the UN's deputy special envoy for Syria, reiterated the United Nations' intent to resume talks between the government and the opposition in late August, saying he discussed a political transition process with foreign minister Walid Moallem. The opposition has demanded that president Bashar al-Assad step down, after the harsh government crackdown on protests in 2011 sparked a catastrophic civil war. ...

President Hollande is on his way out. His failure to stop Jacques Hamel's murder should be the last straw
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....  . Ongoing economic failure can technically be reversed, as can other stumbling policies, but the monstrous death of a Roman Catholic clergyman has exposed such a devastating fault line in France’s Socialist administration that its leaders should step down now. ...
Wolves bought by Chinese conglomerate Fosun International for £45m image
....In an open letter to supporters, Morgan said Fosun had "made a commitment to invest between £20-£30m over the next two years" into the club. Chief executive Jez Moxey will also step down after 16 years at Molineux. ...
Tory contender Stephen Crabb pledges £100bn fund image
Source : BBC [Read Article] Sunday 3rd of July 2016 11:03:18 PM
....Current frontrunner Home Secretary Theresa May has promised to reconcile the Remain and Leave sides and "govern for the whole country". The leadership contest was triggered by David Cameron's decision to step down by October after the UK voted to leave the EU in last month's referendum. ...
Ratings agencies downgrade UK credit rating after Brexit vote image
....Prime Minister David Cameron, speaking earlier in the Commons said negotiating an exit from the European Union would be the civil service's most complex and important task for decades. Mr Cameron, who has said he will step down by October, also told MPs he did not take back the warnings he made during the campaign about the consequences of leaving the EU, saying it would be "difficult" with "challenging new negotiations" ahead. ...
Wetherspoon boss Martin says Brexit worry 'understandable' image
Source : BBC [Read Article] Saturday 25th of June 2016 01:21:25 PM
....She told the BBC's Today programme that she also expected "trade to continue very much as it is today" with the EU, even after the UK leaves. Talks will start when the prime minister triggers an EU clause called Article 50, a decision David Cameron left to his successor when he announced on Friday that he would step down. ...
EU referendum: UK's EU commissioner Lord Hill to resign image
Source : BBC [Read Article] Saturday 25th of June 2016 12:02:33 PM
....He made the comments after an urgent meeting of the six EU founder members to discuss the decision. David Cameron has said he will step down by October to allow his successor to conduct talks and trigger Article 50 of the Lisbon Treaty, which will formally take the UK out of the EU after two years of exit negotiations. ...
Obama: Special relationship remains despite Brexit image
Source : BBC [Read Article] Friday 24th of June 2016 08:16:55 PM
.... . Mr Obama said he valued his relationship with David Cameron, who said today he would step down as prime minister by October. ...
Mark Carney says Brexit contingency plans under way image
Source : Guardian [Read Article] Friday 24th of June 2016 08:37:09 AM
....Bank of England governor Mark Carney has sought to calm financial market fears about the impact of the UK’s Brexit vote by insisting that Threadneedle Street will take any measures needed to secure economic and financial stability. In a statement choreographed to follow David Cameron’s announcement that he intended to step down as prime minister, Carney said contingency plans drawn up by the Bank and the Treasury would now swing into action. ...
Philip Green says he will appear before MPs image
Source : Guardian [Read Article] Tuesday 14th of June 2016 03:44:47 PM
.... Such a solution would mean he could rescue the scheme for less than the top of the range £571m. Related: Sir Philip Green calls for Frank Field to step down from committee. ...
Burberry chief operating officer resigns after seven years image
Source : Guardian [Read Article] Friday 10th of June 2016 12:55:44 PM
. Burberry is losing a key member of its management team after John Smith, chief operating officer, announced plans to step down next year. ...
Sainsbury's finance chief to lead Argos owner after takeover image
Source : Guardian [Read Article] Friday 10th of June 2016 08:04:55 AM
....Sainsbury’s chief financial officer, John Rogers, is to run the Argos owner Home Retail Group once the takeover has been completed. Home Retail’s chief executive, John Walden, will step down. ...
City news: Debenhams, B&M, Accrol Group and Pets at Home image
Source : Daily Express [Read Article] Friday 27th of May 2016 07:18:00 AM
....Sergio Bucher, who as vice president of Amazon Fashion Europe has overseen its growth into one of Europe’s leading fashion retailers over the past three years, will start work at the department store in October. Bucher, who previously worked for sportswear giants Puma and Nike, succeeds Michael Sharp, who will step down next month. ...

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