Tellier steps down at Bombardier
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Paul Tellier is giving up the chief executive&#39;s chair at Bombardier Inc. a year before his term expires and the company&#39;s stock plunged on the news.
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Michel Mayer is leaving his dual role as chairman and CEO for the semiconductor company.
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Bombardier Inc., the world&#39;s biggest maker of railway equipment, said third-quarter profit plunged 93 percent because of higher costs in the train business and fewer aircraft deliveries.
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NoÃ«l Forgeard&#39;s move to European Aeronautic Defence &amp; Space company leaves shareholders needing to appoint quickly a chief at Airbus to avoid destabilising its management, analysts warned.
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Paul M. Tellier, president and chief executive of Bombardier, the troubled Canadian aircraft maker, was unexpectedly ousted from his post Monday and quickly replaced by a three
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Luc Vandevelde resigned as chairman of Carrefour SA in a shakeup that followed the disclosure that two new shareholders had acquired a nearly 10 percent stake in the world's second largest supermarket retailer.
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Noel Forgeard, the co-chief executive of European defense group EADS, stepped down Sunday as part of a management shake-up aimed at restoring investor and customer confidence after Airbus disclosed production delays for its new A380 superjumbo jet.
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CONRAD BLACK stepped aside yesterday as chairman, chief executive and a director of Hollinger Inc., the Toronto holding company that has voting control over newspaper operator Hollinger International.
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Telecom equipment group Ericsson's  chief financial officer has stepped down in the wake of a shock profit warning last week which caused a massive selloff in the company's shares.
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The German co-head of European defence and aerospace group EADS will step down when his contract expires next year. Last week Rainer Hertrich created a row over the leadership of the Franco-German group, saying
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The chief financial officer of Nortel Networks, Peter Currie, who rejoined the company in 2005 to help it recover from accounting problems, will step down on April 30. Nortel, the maker of phone equipment, said it had begun seeking a successor. Mr. Currie decided to pursue other interests, a spokesman, Jay Barta, said. Mr. Currie was chief financial officer from 1994 to early 1997 before leaving to become chief financial officer at the Royal Bank of Canada.
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Bombardier Inc. ousted Chief Executive Officer Paul Tellier after he failed to stem a decline in profit, shares and credit ratings during his two-year tenure.
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Philippe Camus announces that he will  leave Franco-German defence group EADS, bringing the company's power struggle to an end.
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Shares of Bombardier Inc. BBDb.TO  fell 4 percent to a year low on Monday, one day after a fatal  crash involving one of its business jets.
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Pierre Danon, BT&#39;s most outspoken executive, yesterday revealed he was quitting the former phone monopoly for a better-paid job, saying he had grown frustrated at not running the whole company.
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Pierre Danon is quitting as head of BT Retail to become the chief operating officer at French computer consultants Cap Gemini, furthering suggestions of a split in the telecoms giant boardroom.
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TELECOMS giant BT yesterday said it was parting company with one of the architects of its transformation from a fixed-line operator.