Three CEOs Gone in 66 Seconds With Markets Closed to Mourn George H.W. Bush
(Bloomberg) -- The markets may be closed but the C-suite keeps churning.
Three companies reported the departure of chief executives in nearly a minute of each other on Wednesday, a day when U.S. markets were closed to honor the passing of former president George H.W. Bush.
The first was a 4 p.m. announcement from newspaper publisher Gannett Co. that chief executive officer Robert Dickey plans to retire no later than May 7. Next was AES Corp., which said Craig Jackson had resigned as head of two of the power company’s utilities. Just after 4:01 p.m. in New York, a third release hit that may have been the most surprising. Semiconductor-equipment maker Lam Research Corp. said it fired CEO Martin Anstice after an investigation into allegations of workplace misconduct.
Anstice’s departure follows the exit of other high-profile leaders in the semiconductor industry over personal conduct. Brian Krzanich, the former chief of Intel Corp., left in June as a result of a consensual relationship with an employee that violated company policy.
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