Market Overview

After-Hours Management Shake Ups At Oracle, AIG, JetBlue, and Clorox

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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.

Posted-In: Benno Dorer David Barger Donald Knauss Jay Wintrob Larry EllisonNews Management Press Releases

 

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