Streetbeat News

Labor Issues

AIG

Sabra Purtill has been named the permanent CFO of American International Group (AIG), after serving as the interim CFO since August 2021.

Portfolio Pulse from Bill Haddad

June 20, 2023 | 8:17 pm

BIOC

Biocept has appointed Antonino Morales as its new President and CEO, effective immediately. He succeeds interim President and CEO Samuel Riccitelli.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:17 pm

ROST

Ross Stores has entered a new employment agreement with CEO Barbara Rentler, extending her tenure through January 31, 2026. The Board plans to select her successor by that date, and Rentler will become a Senior Advisor until March 2027.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:17 pm

VRPX

Virpax Pharmaceuticals has appointed Vinay Shah as its new CFO, effective June 20, 2023, following the resignation of Christopher Chipman. Chipman will remain with the company until June 30, 2023, to ensure a smooth transition.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:13 pm

EA

V

Visa has appointed Chris Suh as its new CFO, succeeding Vasant Prabhu. Suh will serve as CFO Designate from July 10 until August 1, when he assumes full responsibility. Suh previously held the role of CFO at Electronic Arts (EA).

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:09 pm

FDX

FedEx Executive Vice President and CFO Mike Lenz will retire effective July 31. The company will announce a successor in the coming months.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 8:08 pm

DISCA

Pola Changnon, executive VP and GM of Turner Classic Movies (TCM), is leaving Warner Bros. Discovery (WBD) amid further cuts in the TV division. Michael Ouweleen, president of Adult Swim, Cartoon Network, Discovery Family, and Boomerang, will assume oversight of TCM. The changes come as WBD continues to cut costs and integrate TCM more fully into its US networks.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 7:57 pm

AMZN

Senator Bernie Sanders has launched a Senate investigation into Amazon's labor practices, focusing on working conditions in warehouses, injury rates, turnover, and adherence to safety recommendations. Amazon has been criticized for its anti-union stance and high injury rates.

Portfolio Pulse from Happy Mohamed

June 20, 2023 | 2:47 pm

CANO

Cano Health announced that Dr. Marlow Hernandez has stepped down as CEO, and Mark Kent has been appointed as interim CEO. This news has led to Cano Health shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2023 | 1:16 pm