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board of directors

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    Official: BMW names new CEO, chairman and head of development

    Big changes are afoot in the top ranks at BMW, as the Bavarian automaker has announced not just one, but several appointments in the top floors of its towering headquarters in Munich in what the company itself is referring as "a generational change" in its leadership. The biggest change relates ...

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    Official: Montezemolo takes his chair at head of new Alitalia board

    Earlier this month we brought you a report that Luca di Montezemolo – the longtime but recently ousted Ferrari chief – was to take up a new position as the chairman of Alitalia. And now the troubled but resurgent Italian airline has confirmed his appointment as part of its new board ...

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    Official: Chrysler names six new board directors

    Executives may call the shots day-to-day at the world's leading automakers – much as they do at any other corporation – but the ultimate decision-making body remains the board of directors. And Chrysler has just named six new members to its board. The appointments include Hermann ...

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    Report: Honda names first woman, foreigner to its board of directors

    General Motors may have made headlines when it recently appointed the industry's first female CEO, but Honda has long lagged woefully behind the times when it comes to the diversity of its top management. In fact, its entire board has until now been composed entirely of Japanese men, with not a ...

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    Report: Ford family keeps special voting rights

    Ford Motor Company has a dual-class stock structure of Class A and Class B shares. The roughly three billion Class A shares are for the general public like you and me, while the roughly 71 million Class B shares are all owned by the Ford family. Each Class A share gets the shareholder one vote, ...

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    Report: Toyota to cut management board in half

    Toyota is in the process of reevaluating the structure of its highest level of management. Eight years ago there were 58 board members running the show before Toyota cut the group down to 27. Now Toyota is planning to reduce its board further by dropping its membership to 17. After a 2010 filled ...

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    Fiat/Chrysler CEO Sergio Marchionne steps down from UBS bank board

    Sergio Marchionne with fellow board members at a UBS press conference
    Sergio Marchionne is one of the busiest people in the business. Or any business, for that matter. After comprehensively restructuring his empire – what amounts to nearly the entire Italian automobile industry and then ...

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    Chrysler fills out board of directors

    The new Chrysler Group, LLC is out of bankruptcy, in bed with the Italians and the U.S. Government, and now it has a complete board of directors. Chrysler is forging ahead with a fresh group of board members, including former governors, Fiat royalty, and some people you've probably never heard ...

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    GM chairman looking to turn over half of board of trustees by June?

    According to the Detroit Free Press, General Motors interim chairman, Kent Kresa, has been asked by president Obama's administration to replenish the automaker's board with fresh blood. Kresa said that while the board did achieve "historic things" recently, like renegotiating the UAW pay scale, he ...

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    UAW local wants seat on GM board in exchange for concessions

    Looking to further tighten up its hammerlock on General Motors, the UAW would reportedly like a seat on the automaker's board as a reward for helping it garner federal dollars. Marc McQuillen, president of UAW Local 2404 in Charlotte, North Carolina, has posted on his group's website that the ...

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    Wolfgang Porsche joins VW board

    Porsche has been in the news quite a bit over the past few weeks. While one hand is embroiled in an emissions tax battle with the Mayor of London, the other hand is slowly scooping up shares of Volkswagen.In related news, Porsche Chairman Wolfgang Porsche was nominated today to the Volkswagen ...

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    Porsche ups ownership in VW to 51%

    The supervisory board of Volkswagen Group just gave approval for Porsche AG to take a majority stake in the people's automaker. Porsche currently owns 31% of Volkswagen, and this move will ultimately increase that share to 51%. The increase in ownership is estimated to cost Porsche upwards of $20 ...

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    Jim Press gains a seat on Toyota's board of directors

    Jim Press, the man at the helm of Toyota Motor North America, is set to become the first non-Japanese member of Toyota's board of directors. He is currently a managing officer of the company, but when promoted the title on his desk will read "Senior Managing Director". That desk will be shipped to ...


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