Vera Bradley Slashes Corporate Jobs, ‘Rightsizes’ Expenses, Bids Farewell to CFO
Vera Bradley Inc., a leading American handbag and luggage design company, announced a major reorganization to cut costs and streamline operations. The company’s primary objectives are to reduce costs by an additional $12 million and replace Chief Financial Officer Michael Schwindle. To achieve these goals, the company plans to cut around 25 corporate positions to […]
“SVB Financial Rocked: CEO Greg Becker & CFO Daniel Beck Resign in Shocking Exit!”
SVB Financial Group announced that Chief Executive Greg Becker and Chief Financial Officer Daniel Beck submitted their resignations this week. Becker will now transition to a consultant for the company at no cost. The restructuring committee has since appointed Nicholas Grossi, of Chicago-based Alvarez & Marsal, as interim CFO. In March, SVB hired Alvarez & […]
As Turnaround Efforts Surge, Ericsson’s CFO to Make Grand Exit in Q1 2024
Telecom giant Ericsson recently announced that their Chief Financial Officer, Carl Mellander, will be stepping down at the end of the first quarter of 2024. The company will soon start the recruitment process to find a suitable successor for Mellander, who has been a part of Ericsson’s executive team since 2016. This news comes as […]