Head of GE Capital Services resigns in shake-up

Article Abstract:

The man who ran the company that provided General Electric Co. with about 40% of its profits resigned. Gary C. Wendt was responsible for taking GE Capital Services from $24 billion in assets to $300 billion and profits from $300 million to almost $4 billion. Though it is expected that his skills will be greatly missed, it is also felt that the company has good depth in its management team. Taking over for Wendt will be GE's CFO Dennis Dammerman. GE's chairman & CEO, John F. Welch Jr., who will retire in about two years, reportedly is setting up a horse race to determine whom his successor will be. Wendt was not one of the candidates.

Financial Services, Finance and Insurance, Executive changes & profiles, Officials and employees, Financial services industry, Financial institutions, General Electric Capital Services Inc.

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Can Kellogg break out of the box?

Article Abstract:

The breakfast eating habits of Americans have been changing but the Kellogg Co. hasn't stayed in step with the changes and investors are getting very concerned. More consumers have switched to bagels and muffins, turning their backs on a bowl of cereal. The company's stock price has reflected the change for quite awhile. Now it will be up to the new CEO Carlos G. Gutierrez to turn it all around.

Comment:

Cereal giant is out of step with breakfast eating changes

Strategy & planning, Cereal Preparations, Breakfast Cereal Manufacturing, Cereal breakfast foods, Planning, Food industry, Marketing, Breakfast cereals, Kellogg Co., Cereal products, Grain products, K

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