Companies > Leadership

Genuine Parts picks former HD Supply exec as its first chief transformation officer

20 days ago   |   By Biz Journals

Genuine Parts has added a long-time former Atlanta executive for a new role in its C-Suite.
Genuine Parts Company said Monday its board of directors elected William P. Stengel II to the position of executive vice president and chief transformation officer. His start date was Nov. 1.
Stengel spent more than a decade in leadership roles at Atlanta-based HD Supply Holdings Inc. , most recently as president and CEO of HD Supply Facilities Maintenance. He left that role Oct...
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SoftBank CEO Masayoshi Son told WeWork executives he wants the company to turn a profit by 2021

SoftBank CEO Masayoshi Son told WeWork executives he wants the company to turn a profit by 2021

20 days ago   |   By Business Insider

In a meeting with WeWork executives, last Thursday, SoftBank's Masayoshi Son said that he wants the company to become profitable by 2021, according to Fast Company .
Son reportedly told the executives to find new ways to monetize the hundreds of coworking spaces currently owned by WeWork.
WeWork's private valuation has plummeted more than 80% since its failed IPO, creating pressure on the company to cut costs and identify a more sustainable business model.
The New York Times reported that the company may lay off more than 4,000 employees as part of its restructuring.
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Ousted WeWork CEO Adam Neumann can still reportedly name directors to WeWork's board, even though he left the company

Ousted WeWork CEO Adam Neumann can still reportedly name directors to WeWork's board, even though he left the company

20 days ago   |   By Business Insider

Former WeWork CEO Adam Neumann retains the right to name directors to its board, even after being ousted from the troubled coworking company, Fast Company reported Monday .
As part of his exit agreement with WeWork, Neumann can name a director and a board observer while the company remains private and two more board members if it goes public, according to Fast Company.
There are some conditions for him to exercise that power, though - he has to repay the money SoftBank loaned him, and he has to abide by his non-compete agreement.
Part of the reason why WeWork's first attempt at going...
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