Boyden global executive search
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Phone: +46 8 440 41 80
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Email: info@boyden.se
Industry Insights
Executive hiring: NBCUniversal welcomes new EVP
Major American media company NBCUniversal has hired former Disney executive Russell Hampton as Executive Vice President of Franchise Management and Global Consumer Products. The newly created position is within NBCUniversal’s Media Innovation and Cross Company Initiatives Group, which focuses on creating digital strategies across mobile and social media. Hampton is the second major executive hire for newly minted Executive Vice President and Digital Innovation Strategist Lauren Zalaznick, who leads the Group.
Read More >>US economic gains fuel rises in CEO compensation
As strong financial results push stock prices up in the US, a number of large companies are rewarding those in senior executive jobs with heftier pay packages – a further indication of executive pay coming into closer alignment with company performance. This trend has become more pronounced in the past three years. In 2010, when the American economy started rebounding, CEOs of large publicly traded companies earned 24% more on average.
Read More >>Interim CEO appointed to Bank of Cyprus
The Central Bank of Cyprus recently announced the appointment of Christos Sorotos as interim Chief Executive Officer of Bank of Cyprus. The executive hiring arose from a decision on the part of the bank’s board of directors as well as consultations with the Ministry of Finance, with the central bank acting as the resolution authority. Bank of Cyprus was placed under central bank control in March, and CEO Yiannis Kypri was ousted shortly thereafter.
Read More >>Executive pay gets tepid support from ExxonMobil shareholders
In a recent say-on-pay vote, 71% of shareholders voted in favour of American oil and gas giant Exxon Mobil Corp.’s executive compensation plan. Last year’s pay plan garnered 78% approval. This compares with an average of 91% in shareholder support for executive compensation in the US last year, according to proxy advisory firm ISS. The firm had recommended shareholders vote against CEO Rex Tillerson's compensation, citing Exxon’s modest shareholder returns in 2012.
Read More >>Executive compensation: Solidifying the link between pay and performance
As shareholders in the US become increasingly bold in their opinions about the pay packages awarded those in executive jobs, signs continue to appear that compensation is growing more aligned with company profits and stock returns. Shareholders have become more involved since 2011 legislation requiring publicly traded companies to hold “say-on-pay” votes at shareholder meetings, and while the votes are nonbinding, some companies have revised their executive compensation practices.
Read More >>Associates
Ulf Bergström
(T): +46 8.440.41.82
ubergstrom@boyden.com
Katarina Brixéus
(T): +46 8.440.41.94
kbrixeus@boyden.com
Marie W. Corell
(T): +46 8.440.41.91
mcorell@boyden.com
Per Z Haeggström
(T): +46 8.440.41.83
phaeggstrom@boyden.com
Per-Johan Orrby
(T): +46 8.440.41.89
pjorrby@boyden.com