After-Hours Management Shake Ups At Oracle, AIG, JetBlue, and Clorox
After the close on Thursday, a hand full of well known companies replaced parts of their management teams.
- Oracle (NYSE: ORCL) announced its founder and CEO Larry Ellison will step down from CEO and take up a seat as Chairman on the Oracle board. Mark Hurd and Safra Catz will take the CEO position.
- American Insurance Group (NYSE: AIG) announced Jay Wintrob (VP of Life & Retirement) and Michael Cowan (Executive VP Chief Administrative Officer) will retire.
- JetBlue (NASDAQ: JBLU) announced CEO David Barger will retire in February. Robin Hayes will replace Barger.
- Clorox (NYSE: CLX) CEO Donald Knauss will step down as CEO and serve as Chairman and member of the board. Benno Dorer will replace Knauss as CEO.
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