25 result(s) displayed (1 - 25 of 93):
Riding high on the success of its innovative mobile-gaming controller, tech startup Zeemote Inc. has landed former Virgin Media Inc. dealmaker Ernie Cormier (pictured) as chief executive. Not only has Zeemote's flagship JS1 Controller generated buzz in the mobile-gaming community, the company has secured pivotal relationships with leading handset makers Nokia Oyj and Sony Ericsson, and...
Posted on January 22, 2009 9:44 AM
Travelport Ltd. general counsel Eric Bock has taken on the added title of chief administrator officer and will lead the company's strategic development efforts. Bock's promotion is part of an executive realignment designed to coordinate strategic activities across the travel and global distribution services company's businesses. Bock (pictured) earned...
Posted on January 16, 2009 3:45 PM
As pharmaceutical companies look to load the pipeline with licensing deals and acquisitions, biotech firms are positioning themselves to be on the receiving end of deals. Two of those firms are Jennerex Inc. and Gen-Probe Inc., which on Tuesday added new dealmakers. Biotherapeutics firm Jennerex hired industry veteran Samatha Miller...
Posted on January 14, 2009 11:20 AM
It won't be a pleasant weekend for many Boeing Co.-employed Washingtonians. The aircraft manufacturer is changing its game plan in the wake of weakening demand for its commercial aircraft. Boeing announced that almost everyone, or 4,500 employees, hired last year for its commercial airplanes business unit will be cut...
Posted on January 9, 2009 3:41 PM
Probably the most closely watched post-merger integration going on right now is the absorption of Merrill Lynch & Co. -- and especially its crown jewel wealth management division -- by Bank of America Corp. So it was naturally big news Tuesday when Merrill said Robert McCann (pictured), leader of Merrill's...
Posted on January 6, 2009 1:31 PM
Former RealNetworks Inc. executive Jeff Schrock joined Intel Capital as a Seattle-based investment director focused on the digital home sector, peHub reported. Most recently, Schrock was a venture partner with Monster Venture Partners, which he joined in March. In October, executives at MVP's portfolio companies were told to "batten down...
Posted on December 2, 2008 4:47 PM
Military contractor DynCorp International has recruited Craig Reed to serve as senior vice president of strategic development, a newly created position. Reed previously was VP of strategy and planning for the ISR Systems division of Northrop Grumman, and also previously worked at Lockheed Martin and the U.S. Department of Energy....
Posted on December 2, 2008 3:21 PM
Rapid City, S.D., utility Black Hills Corp. announced Thursday it has promoted Richard W. Kinzley to vice president of strategic planning and development. Maurice Klefeker, who formerly led dealmaking, left in August to pursue other interests. Kinzley has been a member of the corp dev team for a decade, and...
Posted on September 26, 2008 3:28 PM
Aluminum giant Alcoa Inc. has shuffled its deal team. Kurt Waldo, who as deputy general counsel oversaw legal M&A and divestiture work, has been promoted to vice president and general counsel. Jake Siewert (pictured), meanwhile, has been named vice president of business development and public strategy, and will oversee M&A.Like...
Posted on September 25, 2008 11:30 AM
How are the current M&A cycle and turmoil in the financial markets affecting corporate deal teams? It's a question we explored in our Corporate Dealmaker special report in the Sept. 22 issue of The Deal newsweekly. We interviewed more than a dozen recruiters, consultants and corporate development executives at firms,...
Posted on September 22, 2008 9:26 AM
Katherine Wolf is trading i-banking for corporate development. The former managing director of HSBC Holdings plc's investment banking arm has joined Vision-Sciences Inc. as executive vice president of corporate development and chief financial officer. Wolf co-founded HSBC's healthcare group and led the global medical technology effort, including origination and execution...
Posted on September 18, 2008 12:13 PM
Another senior executive at Wipro Technologies has decided to leave the company following a restructuring of the IT business. Sudip Nandy (pictured), a top strategist and dealmaker, has decided to pursue other interests. His departure is significant. As the company's long-time chief strategy officer, Nandy led Wipro Technologies' acquisition strategy, closing...
Posted on September 17, 2008 1:38 PM
Strategics aren't just enjoying their current primacy in the M&A market; they're also seizing the moment to add talent and improve their corporate development operations.
Posted on September 16, 2008 1:46 PM
In July Electronic Data Systems Corp. denied reports that it would have to fire 20% of its work force after a $13.9 billion merger with Hewlett-Packard Co. On Monday it announced the real number: 7.5% of its work force, which comes to 24,600 people who will receive severance packages, counseling...
Posted on September 15, 2008 5:56 PM
Best Buy Co. isn't letting the anemic economy keep it from making some bold strategic maneuvers. On Monday, the consumer electronics retailer announced it was buying Napster for about $121 million. As The Deal's Paul Bonanos reports, Best Buy was attracted to Napster's mobile digital platform and its 700,000 subscribers.At...
Posted on September 15, 2008 10:56 AM
With private equity sidelined, the environment for strategic acquirers hasn't been this favorable in years -- and Eaton Corp. is taking full advantage. Over the past 18 months, the diversified industrial manufacturer has spent $4.25 billion on 14 acquisitions, adding $2.5 billion in revenue to the balance sheet. Being fiscally healthy...
Posted on September 11, 2008 8:06 AM
FushionOne has spent much of 2008 building out its executive team as it looks to rapidly expand its mobile solutions. The latest executive addition is Obie Oberoi, who as senior vice president of corporate development will identify acquisition targets, develop joint ventures and build on existing partnerships -- like the...
Posted on September 8, 2008 11:57 AM
There's a truce in the battle for control of TNK-BP, the 50-50 Russian joint venture from which European oil giant BP plc gets 20% of its output. Both sides agreed to replace Robert Dudley with a Russian-speaking CEO. The main complaint from Russian billionaires Len Blavatnik, Mikhail Fridman, German Khan...
Posted on September 4, 2008 1:31 PM
Bloomberg.com has expanded on a story we've been covering for weeks: Financial services executives transitioning into other careers in the wake of massive layoffs. We've been coming at the topic in the context of i-bankers moving into corporate development. We've highlighted the challenges of making the transition, reported on who's...
Posted on September 3, 2008 9:56 AM
How hard is it to make the switch from investment banking to corporate development? We went to former investment banker Lorne Groe for some insight. After more than a decade as an i-banker, most recently with Wells Fargo Securities, Groe made the switch to corp dev in 2003. Today he...
Posted on August 26, 2008 1:59 PM
In the past few weeks, we've seen a number of former investment bankers take senior level M&A roles at corporations including the Campbell Soup Co., Alcoa Inc., Dolby Laboratories and Hubbell Inc. In this edition of Inside The Deal, executive recruiter Michael Rosenblatt of The Quest Organization speaks with...
Posted on August 25, 2008 3:08 PM
We've always said being a corporate development executive demands a far-reaching set of skills. Based on the resume of their new dealmaker, the folks at Aspect Software appear to agree. They've hired Andy Bezaitis as senior vice president of corporate development. Bezaitis is a scientist (he has been awarded nine...
Posted on August 22, 2008 8:21 AM
Quiznos, maker of toasted sub sandwiches, made CEO Greg Brenneman executive chairman of the board. Brenneman also took a post as chairman and a member of the investment committee of CCMP Capital Advisors LLC, a Quiznos shareholder. Quiznos president David Deno, a former CCMP exec, will add CEO to his...
Posted on August 19, 2008 3:25 PM
High oil prices are good for producers but bad for refiners, who see margins squeezed and demand for gasoline dropping.Against this backdrop, refiner Alon USA Energy Inc. is working to make a success of its $473 million July acquisition of the Krotz Springs refinery from Valero Energy Corp. Dallas-based Alon...
Posted on August 18, 2008 4:08 PM
Newark, N.J., utility Public Service Enterprise Group said Wednesday it named Randall Mehrberg to the newly created post of executive vice president of planning and strategy starting Sept. 8. Mehrberg is the former top legal eagle at Exelon Corp., where he was part of the team that oversaw Exelon's...
Posted on July 3, 2008 9:45 AM
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