Category: Business

3M Co, which makes N95 face masks, said on Tuesday that Jim Fitterling, chairman and chief executive officer of Dow Inc, has been elected to its board, effective February 5. “In connection with Mr. Fitterling’s election, the board of directors increased its size from 11 to 12 members”, 3M said in a statement. Separately, 3M […]

Amazon.com’s new chief executive, Andy Jassy, who joined the company in 1997 and has overseen its fast-growing cloud computing business, says the key to long-term success is reinvention. “You want to be reinventing when you are healthy, you want to be reinventing all the time,” Jassy, 53, said in December at a company forum. “You […]

Amazon Web Services (AWS) chief Andy Jassy will replace billionaire founder Jeff Bezos as Amazon.com’s next chief executive officer. Here’s what we know about the incoming CEO: ** Jassy, 53, joined Amazon in 1997 and has a MBA from Harvard Business School. ** “I took my last final exam at HBS, the first Friday of […]

Citigroup Inc’s incoming chief executive officer Jane Fraser said on Tuesday she has decided to form a new global operating team to build accountability among its top leaders. “A key element of our Transformation work is to hold our business leaders accountable not only for the performance of their own teams, but for how we […]

Nissan Motor has suspended some truck production in the U.S. state of Mississippi due to a shortage of chips, a Nissan USA spokeswoman said. The Japanese automaker has had to make short-term production adjustments at its North American operations due to the shortage, beginning with three non-production days on the truck line at its Canton, […]

Amazon.com Inc founder Jeff Bezos is stepping down as chief executive of the tech company he founded but said the move “isn’t about retiring”. In a note to employees, Bezos said he will stay engaged in Amazon as executive chair, while focusing on other projects. Here are some of his highlights: Amazon: As executive chair, […]

Freeport-McMoRan Inc named long-time Chief Executive Officer Richard Adkerson as chairman of the board, the U.S. miner said on Tuesday. Adkerson, 74 and CEO since 2003, said he has no plans to retire and is healthy. The company also said Gerald Ford would retire as director upon the end of his current term in June. […]