Tag Archives: CEO

Nikola Under the Microscope

New report alleges fraud, executive corruption; CEO resigned Monday Where there’s opportunity, there’s those who position to take advantage of it. Unfortunately these days, it seems the opportunist pool is diluted with corrupt motivations. The latest example of alleged, intricate corporate fraud—taking advantage of a promising good technology, reportedly—comes from electric truck manufacturer Nikola. Hindenburg […]

Continue reading

El Paso Electric

Utility no longer public traded, hires new CEO El Paso Electric Co. is no longer a publicly traded electric utility, the El Paso Times reported July 29. The company also confirmed the move, along with details of its new board of directors, in a press release the same day: EPE confirmed that its acquisition by […]

Continue reading

EIS Names New CEO

Glenn Pennycook brings experience in electronics, cabling markets from Belden EIS, the major North American distributor, has appointed Glenn Pennycook to the position of Chief Executive Officer, the company announced April 6. “We’re excited to have Glenn join us during our transformational stage,” said Bonnie Bergkessel, EIS marketing manager. Pennycook has experience in the electronics […]

Continue reading

ABB Shake-Up

CEO Ulrich Spiesshofer steps down suddenly; another example of industrial conglomerates in flux In the latest example of major industrial conglomerates experiencing flux with their corporate sides (see: GE, Siemens, Emerson) ABB announced the sudden resignation of CEO Ulrich Spiesshoffer on Wednesday. While being in the top position at ABB for six years, Spiesshofer was […]

Continue reading

GE: Flannery Out; Culp In

30-year GE man lasts merely one year in precarious top spot Welp, that was quick. John Flannery lasted merely one year at the helm of General Electric Co., replaced yesterday by H. Lawrence Culp, Jr., as the embattled company’s CEO. Culp is a GE board member and the former chief of the Danaher Corporation, a […]

Continue reading

Cloud Cover

From CEOs to shop owners, cloud savvy is producing Barron’s released its list of the 30 best leaders in business, 2018 edition, this week. A main theme covered by the business magazine is that these CEOs have navigated the emergence of ‘cloud’ technology effectively. While this mostly applies to tech companies, it also included companies […]

Continue reading

Dreisilker Appoints New CEO

Rick Proud will bring extensive manufacturing experience On September 27, Dreisilker Electric Motors, Inc., the Glen Ellyn, Ill.-based electric motor reliability and repair services company, announced that veteran manufacturing executive Rick Proud has been named its new Chief Operating Officer. Mr. Proud brings extensive manufacturing experience, having held high level executive positions with both Abrasive-Form Inc. and GE […]

Continue reading