Tag Archives: CEO

Intel CEO resigns over consensual relationship with employee

CEO

MNA Science & Tech Desk: Intel says CEO Brian Krzanich has resigned after the company learned of a “past consensual relationship with an Intel employee.” “An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternization policy, which applies to all managers,” the company said in an announcement on Thursday. Chief Financial Officer Robert Swan will serve as interim chief executive officer, effective immediately. A source familiar with the matter said the company has a strict non-fraternization policy that prevents managers from engaging in relationships with employees. Employees who see inappropriate workplace behavior are required to ...

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Zuckerberg apologises for FB data debacle

data debacle

MNA Science & Tech Desk: Facebook CEO Mark Zuckerberg has apologised for the data debacle that has upended the social media giant and said he was ready to testify before Congress, a media report said. “The short answer is I’m happy to if it’s the right thing to do,” Zuckerberg said in a CNN interview on Wednesday night. “What we try to do is send the person at Facebook who will have the most knowledge. “If that’s me, then I am happy to go,” he added. Although Facebook employs a small army of lawyers and lobbyists in Washington, Zuckerberg himself ...

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Grameenphone appointed Michael Foley as new CEO

Michael Foley

MNA Science & Tech Desk: The Grameenphone Board of Directors has appointed Michael Foley as the company’s Chief Executive Officer (CEO). The appointment will be effective from May 26. The company also appointed Yasir Azman as Deputy CEO, Grameenphone said in a press release. Azman will remain as Chief Marketing Officer (CMO), while taking on extended responsibilities for the digital and commercial strategy within GP and Telenor’s Emerging Asia Cluster. Petter-B Furberg, who has served as interim CEO since October 2016, will remain with Grameenphone as the chairman of Grameenphone’s Board of Directors. Foley, a Canadian by birth, has been ...

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Yahoo Inc to be renamed as Altaba

Altaba

MNA Science & Tech Desk: Yahoo Inc said Monday that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc, reported news agency. Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for $4.83 billion. The terms of that deal could be amended – or the transaction may even be called off – after Yahoo last year disclosed two separate data breaches; one involving some 500 million customer accounts and ...

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