Volt Information Sciences Hires New CEO after Former CEO Bolts
Staffing and IT services company Volt Information Sciences named its former chairman and interim president and CEO, Michael Dean, permanently to the role. Dean brings a range of professional experience to Volt, having most recently served in the consumer products industry as CEO of Nature’s Sunshine Products. Prior to Nature’s Sunshine, Dean was CEO of satellite technology company Mediaur Technologies from 2003 to 2010 and, before Mediaur, was EVP at Walt Disney’s ABC Cable Networks Group. He was appointed as interim in June after then Volt president and CEO Ron Kochman resigned. Kochman, a staffing services industry vet, had been at Volt’s helm since 2012.
Baxter International Infuses CEO Position
This week renal care and medical products maker Baxter International hired José “Joe” Almeida as its new chairman and CEO, effective January 2016. Almeida is currently an executive in the healthcare group at private-equity firm Carlyle Group. Previously, he led medical device maker Covidien PLC until it was sold to device maker Medtronic in January 2015. He has also held leadership positions at Wilson Greatbatch Technologies, Johnson & Johnson’s Professional Products division, and other companies. Almeida — who led Covidien though its sale and other organizational changes — will be joining Baxter in the wake of its own recent major org changes, namely the spinoff of its biopharmaceuticals business this past July. He will succeed Robert Parkinson, who will retire after serving as Baxter’s chairman and CEO since 2004.
Barclays Invests in New CEO
British bank Barclays appointed former JPMorgan Chase investment banking executive James “Jes” Staley as its new global CEO. Barclays hired Staley, who spent 30 years at Chase in commercial and investment banking roles, in large part to lead a much-needed overhaul in its investment banking business, including reshaping the business’ operations. According to analysts, Barclays, which acquired the bankrupt investment bank Lehman Brothers in 2008, is part of a larger European banking industry effort to jump-start financial performance through top management changes. Staley succeeds Antony Jenkins, who joined the ranks of Deutsche Bank’s Jürgen Fitschen and Anshu Jain, Credit Suisse’s Brady Dougan, and other recently ousted top European chief executives.
Look for more Executives on the Move next week!