Articles about chief exec

BT Tower photo via Shutterstock

Major shareholder: BT CEO Gavin Patterson should step down

One of BT's top investors has reportedly called for the firm's chief exec Gavin Patterson to step down, following a number of issues to rock the biz this year including a £530m Italian accounting scandal. BT's share price plunged when the news emerged in January 2017 that the firm had uncovered years of "inappropriate …
Kat Hall, 14 Aug 2017
Ofcom chief Ed Richards

Ofcom chief exec Ed Richards to step down in December

Ofcom’s board has announced that Ed Richards is standing down as chief executive from the end of December this year. Richards gave no reason in the official statement for his decision, saying only that the time had come. "It has been a privilege to lead Ofcom during such an exciting and dynamic period in the evolution of the …

RM chief exec Sweeney steps down

RM chief Terry Sweeney is stepping down amid a company-wide restructure after 13 years of service at the education supplier. The LSE-listed firm is flogging parts of the operation, with the trade and assets of US arm Computrac – a classroom products biz – to be offloaded to Troxell Communications for £3m. The remaining …
Paul Kunert, 25 Oct 2011
vulture tv reporter

Capita coughs up £13.6m for ABS Networks

Capita is beefing up its networking expertise by buying Crawley-based ABS Network Solutions Limited for £13.6m. ABSNet is a specialist in IP-based networking, service management and storage with strong Cisco links. The company turned over £17.1m in the year ended 31 December 2007 and made a profit, excluding "owner's …
John Oates, 15 Oct 2008

Circuit City feels yet more pain in Q2

Circuit City yesterday admitted that its second quarter performance simply wasn’t good enough as it clocked up another quarterly loss. The struggling US consumer electronics retailer, which last week saw CEO Philip J. Schoonover quit following a year of dire financial results, reported a significant sales slowdown and more …
Kelly Fiveash, 30 Sep 2008
The Register breaking news

Enterasys CEO dies suddenly

The chairman of networking equipment vendor Enterasys has stepped in as caretaker boss following the unexpected death of its chief exec, Michael Fabiaschi, on Monday. Fabiaschi, 53, "died suddenly overnight" on 22 September at his home in Rye, New Hampshire, according to a statement by Enterasys. The cause of death was not …
John Leyden, 25 Sep 2008
The Register breaking news

El Reg drops in on Bletchley Park

The campaign to raise funds to preserve Bletchley Park’s heritage got into full swing yesterday with a cash injection from tech giants PGP Corporation and IBM. But the site, which also houses the National Museum of Computing, needs millions of pounds more to keep it alive. El Reg went along to the historic World War II site …
Kelly Fiveash, 10 Sep 2008

Dixons Group still suffering

Dixons Store Group International shares fell another five per cent this morning after the company reported poor results for the three months ended 23 August 2008. DSGI shares were trading at 50.5p, down from a year high of 160p. The interim report revealed like-for-like sales were down seven per cent and gross margins down 0. …
John Oates, 3 Sep 2008
hands waving dollar bills in the air

Ex-BT boss off to Alcatel-Lucent

Ben Verwaayen, who spent six years as CEO of BT, is joining Alcatel-Lucent as chief executive. Verwaayen will work with Philippe Camus, who starts as Chairman on 1 October. He was credited with helping BT's apparent turnaround, moving from a voice to broadband provider and cutting jobs in the process. Alcatel-Lucent's …
John Oates, 2 Sep 2008
The Register breaking news

UK bank chief stung in ID theft scam

Updated Identity fraudsters have claimed the prize scalp of the chief exec of HBOS bank. Accounts belonging to Andy Hornby, 41, who earns an estimated £1m a year, were frozen after unauthorised withdrawals of at least £7,000 from his accounts. UK tabloid The Sun reports that crooks used an old bank statement from Hornby to pose as the …
John Leyden, 20 Aug 2008
Ubuntu teaser

Ubuntu gets into unified comms, chides Microsoft

Canonical has signed an agreement with Unison Technologies to offer a complete unified communications suite for small to medium-sized firms running Ubuntu Linux. Unison’s software, which will be sold via Canonical’s online store, will run on Ubuntu Server and under beta for Ubuntu Desktop Edition. Ubuntu’s sponsor Canonical …
Kelly Fiveash, 7 Aug 2008
The Register breaking news

Steve Jobs is 'cancer-free'

Apple chief exec Steve Jobs has been able to assure its board that he's cancer-free, four years after undergoing surgery to treat a rare form of pancreatic cancer. Jobs told associates that his recent weight loss is due to nutritional problems resulting from the surgery, The New York Times reports. The paper adds that he went …
John Leyden, 23 Jul 2008
The Register breaking news

Tesco causes couple condom catastrophe

The pitfalls of online shopping at the Evil Empire were revealed in their full horror to a monogamous South Yorkshire couple, who found 12 Mates condoms added to their shopping list. Lynn Newby discovered the illicit prophylactics in the Favourites list after logging on to the shopping account she shared with …
Sarah Bee, 22 Jul 2008

Circuit City reports Q1 loss as US shoppers unplug

Ailing US electronics retailer Circuit City yesterday posted a first quarter loss and another slide in revenues. The Richmond, Virginia-based firm reported that net loss widened to $164.8m, or $1 a share, for the period ended 31 May 2008, compared to $54.6m, or 33 cents, a year earlier. Sales at Circuit City dropped a painful …
Kelly Fiveash, 20 Jun 2008
The Register breaking news

Deutsche Telecom caught doing an HP

Deutsche Telecom has been caught snooping on its board directors and journalists in an apparent effort to stop directors talking to the press. The telco ran at least two snooping schemes, one targeting journalists and one aimed at the company's own directors and senior executives. They went so far as to have a mole working …
John Oates, 27 May 2008
Warning: train

SurfControl reforms on track

SurfControl updated the stock market today on progress in the third quarter, ended 31 March 2007. The company's move to services delivered via the internet rather than straight software licensing continues to pay dividends. Revenues from on-demand services grew 40 per cent compared to the same period a year ago while …
John Oates, 11 Apr 2007
The Register breaking news

HP Sauce goes Dutch

The UK has capped its final bottle of HP Sauce, the BBC reports. The classic accompaniment to the Brit bacon sarnie will in future have a distinctly Dutch tang, with production shifting to the Netherlands since the Birmingham operation was "not viable", according to Heinz. The Aston factory's last shift ended at 6am today after …
Lester Haines, 16 Mar 2007

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