Streetbeat News

Labor Issues

LPRO

Open Lending has announced the appointment of Chuck Jehl as its new COO and Interim CEO. This strategic move aims to strengthen the company's leadership and operational capabilities.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:37 pm

GDEN

Golden Entertainment, Inc. (NASDAQ:GDEN) announced Blake Sartini II as the new Chief Operating Officer effective March 20, 2024. Blake Sartini II has been with the company for nearly 17 years, contributing significantly to its operations, especially in tavern operations and local casinos in Nevada. Steve Arcana, the former COO, transitions to Chief Development Officer, focusing on new tavern development and maximizing value from the company's real estate assets. These management changes aim to enhance core operations and explore new growth opportunities, potentially increasing shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:33 pm

CMT

Core Molding Technologies has announced the promotion of Eric L. Palomaki to the position of Chief Operating Officer. This strategic move is aimed at strengthening the company's operational capabilities and driving future growth.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:19 pm

ERIC

Ericsson (NASDAQ:ERIC) plans to reduce its workforce by 1,200 in Sweden as part of its global cost-saving measures, in response to an expected challenging mobile networks market in 2024. This move is aimed at improving operational efficiency and maintaining investments critical to its technology leadership.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:14 pm

SLF

Sun Life Financial Inc. has announced Timothy Deacon as its new Chief Financial Officer, effective April 8, 2024. Deacon, with over 20 years of experience in the financial sector, will succeed Manjit Singh, who will continue as President of Sun Life Asia. Deacon's role will encompass overseeing the Finance organization, including strategic financial initiatives. His appointment is part of Sun Life's focus on financial discipline and growth.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:07 pm

BA

Boeing has announced significant leadership changes: CEO Dave Calhoun will step down at the end of 2024, Board Chair Larry Kellner will not stand for re-election, and Boeing Commercial Airplanes President and CEO Stan Deal will retire from the company.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 12:02 pm

LUNA

Scott Graeff has retired from his role as President and CEO of Luna Innovations and has stepped down from the Board of Directors after 21 years. The company has begun searching for a new President and CEO.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:46 am

HNRG

Hallador Energy Company (NASDAQ:HNRG) announced Marjorie Hargrave as the new CFO effective April 10, 2024, succeeding Lawrence D. Martin. Hargrave brings extensive financial experience from various industries, including roles at Xcel Energy and Black Hills Corporation.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:39 am

BA

Boeing's largest labor union, the International Association of Machinists District 751, representing 32,000 workers in Washington state, is pushing for a board seat to address quality control issues, following a recent incident where a door panel detached from a 737 Max plane. The union is also seeking a 40% pay rise over three years and wants Boeing's next aircraft to be built in Washington state. Negotiations for a board seat will start with contract talks and aim towards a campaign for the 2025 shareholder meeting. Corporate governance experts express concerns over potential conflicts of interest with union representation on corporate boards.

Portfolio Pulse from Shivani Kumaresan

March 25, 2024 | 10:25 am

GOOG

TSLA

Charles Ruizhongtai Qi, a former Waymo staff research scientist and tech lead manager, has announced his move to Tesla Inc to work on its full self-driving software. Qi, who has been with Waymo since October 2019, expressed his continued interest in Tesla and its approach to autonomous driving. He praised Waymo for its achievements in scaling robotaxi services but decided to join Tesla to contribute to its Autopilot team. Meanwhile, Waymo's rival, Cruise, faces operational suspension in the U.S. after a robotaxi accident.

Portfolio Pulse from Anan Ashraf

March 25, 2024 | 5:09 am