Here are just a few of the interesting executive changes making headlines over this past week:
Tragic Suicide Prompts Resignation of CEO
In the wake of the loss of a young employee due to karoshi, or death by overwork, Tadashi Ishii, the president of Dentsu, Japan’s largest advertising agency, issued a statement that he will resign from the company in January. The employee plunged to her death in December 2015 after working 105 hours of overtime in October, which led to depression. Her unfortunate suicide was determined by the Japanese government to be the result of overwork. A full investigation is in progress to determine if the company is in violation of Japanese labor laws. To take full responsibility for Dentsu’s inability to prevent the overwork of a new recruit, Ishii made the official announcement of his plans to resign. A replacement CEO for Dentsu has not been decided upon at this time.
Trailways Plans to Travel into 2017 with New Chairman
Full-service bus transport network Trailways has appointed Jonathan Berzas to a three-year term as chairman beginning in 2017. He is currently president and CEO of Fullington Trailways and has served on the board since 2015. With industry experience including stops at American Airlines, Greyhound, and A Great Way to Charter Tour and Travel, he has covered a lot of territory to map out a future route for Trailways. Berzas will utilize his nearly 20-year affiliation with Trailways to build brand loyalty and launch Trailways Business Council.
CBOE and BATS in Premerger Shuffle
Trade and options exchange provider CBOE Holdings announced plans to realign following the acquisition of global stock exchange operator BATS Global Markets. Long-standing chairman William Brodsky, along with directors Susan Phillips and Eden Martin, will step down during this transition phase, contingent on finalization of the merger. Edward Tilly was chosen to serve in the dual role of chairman and CEO upon closure of the deal. Tilly brings to the exchange 25 years of background with CBOE in various leadership roles, making him a strategic choice for continued growth of shareholder value.
Look for more Executives on the Move next week!
Laurie Rahn works on the Global Customer Experience team with a primary focus on ensuring data quality and maintaining key business relationships by supporting high-profile accounts within the telecommunications, technology, and strategic national industries. She holds a BA in journalism with a minor in public relations from the University of Texas at Austin. Laurie has been with Dun & Bradstreet for six years and has also worked for IBM and Sears Holdings.