Senior Sony exec retiring
Posted on November 20, 2009 at 1:23 pm
After almost three decades in the Sony Music family, Butch Waugh will ride into the sunset Dec. 31. He has spent the last 12 years of his career in Nashville and was a big part of the emergence of Kenny Chesney, Martina McBride, Brad Paisley and Carrie Underwood.
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Metro General CEO in running for Memphis job
Posted on November 19, 2009 at 4:39 pm
Reginald Coopwood, CEO of the Metropolitan Nashville Hospital Authority, is one of two finalists for the job of leading the Regional Medical Center at Memphis, better known as the MED. Here’s the basic job description:
Board members are looking for someone to navigate the hospital through severe financial troubles, galvanize public commitment to the institution, shepherd a campaign for a new facility and establish stable leadership.
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New boss at Buddy Lee Attractions
Posted on November 17, 2009 at 1:23 pm
Louisiana native Kevin Neal has been named president of talent agency Buddy Lee Attractions following the resignation last week of longtime president Tony Conway.
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Calming the Caremark waves
Posted on November 13, 2009 at 8:28 amCVS Caremark CEO Tom Ryan had some honest words about the state of and the outlook for his company’s pharmacy benefit management business, which is going through a bit of a rough patch.
“I take some ownership on this. We focused too much on the retail side. We were excited about the retail side; it’s why we did the deal, because we could offer something to the consumer. We forgot to talk about the PBM capabilities, that’s why clients sign us up, right?” Ryan said.
Local insurer’s chairman floated as BofA boss candidate
Posted on November 4, 2009 at 9:55 am
Finger Interests, an investment firm critical of Bank of America’s search for a successor to Ken Lewis, has compiled a draft list of executives it says the company should consider to make its process more than “cosmetic.” Among them is Gerald Ford, the chairman and former CEO of Nashville-based auto insurer First Acceptance.
Ford ran Golden State Bancorp before selling it to Citigroup seven years ago for $5.8 billion and building First Acceptance soon after. He also chairs the board of trustees of Southern Methodist University.
Finger says Ford is a “proven entrepreneur” with the chops to handle a turnaround situation, but admits he is a long shot for the BofA job and says First Acceptance’s recent performance — a nine-month loss of $68.3 million on sales of $265 million — isn’t a positive, either.
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The nightmare of unknown risks
Posted on October 30, 2009 at 10:02 am
Directors surveyed by locally based Corporate Board Member say they aren’t gravely worried about their CEOs’ ability to handle the challenges now facing their companies. What has many more of them staying awake at night is the idea that they don’t know what the next set of challenges will look like.
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BofA’s Lewis to get nothing in ‘09
Posted on October 16, 2009 at 8:27 am
Outgoing Bank of America CEO Ken Lewis will cut a $1 million check to the company to repay his year-to-date compensation. Pay czar Kenneth Feinberg “suggested” Lewis not be paid anything this year after regulatory questions surfaced about his bank’s purchase of Merrill Lynch.
Loading ...The baton passes at CCA
Posted on at 7:59 am
As of yesterday, Damon Hininger is the CEO of Corrections Corp. of America. Longtime boss John Ferguson will remain an employee — his compensation is still to be determined — and stay on the company’s board of directors and has agreed to a one-year noncompete clause that will kick in when he leaves CCA’s payroll.
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Regions boss gives up one of his titles
Posted on at 7:38 am
Dowd Ritter has relinquished the role of president of Regions Financial Corp. That job now belongs to 52-year-old Vice Chairman Grayson Hall, who also has taken on the new title of COO. Shares of Regions (Ticker: RF) didn’t do a thing after hours Thursday.
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BofA boss stepping down
Posted on September 30, 2009 at 7:02 pm
Ken Lewis, who has led Bank of America since 2001 and continued the acquisition strategy of his predecessor Hugh McColl, will retire at the end the year after a stint at the top that became very politicized after last year’s shotgun marriage with Merrill Lynch. CNBC’s Charlie Gasparino says he was not asked to step down.
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Baptist Convention boss to retire
Posted on September 22, 2009 at 8:09 amMorris Chapman, president and CEO of the Southern Baptist Convention, will retire from those posts at the end of next year. The departure of Chapman, who has served on the SBC’s executive committee since 1992, leaves three large Baptist organizations in leadership transitions.
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Scarlett named to JA hall of fame
Posted on September 14, 2009 at 11:29 am
From Junior Achievement of Middle Tennessee:
Joe Scarlett, retired CEO of Tractor Supply Company and the Founder of the Scarlett Leadership Institute of Belmont University, will be the 2009 inductee into the Nashville Business Hall of Fame to be held Oct. 27 at Loews Vanderbilt Plaza. The event is hosted by Junior Achievement of Middle Tennessee (JA) to recognize the city’s outstanding contributors to business and philanthropy and will draw crowds of Scarlett’s peers to the induction celebration.
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Scarlett was selected for this distinctive honor by committee vote. The JA committee, chaired by JA Board Members Mary Cavarra of Ingram Industries and Jim Mallon of American General Life and Accident, selected Scarlett for the 2009 award based on his keen interest in providing quality education to students of all ages in Nashville. His current focus is on building first-class executive education programs with a primary focus on business leadership, ethics and an emphasis on effective communication and measurable behavioral change, according to Scarlett’s Web site.
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“Joe Scarlett represents the American Dream,” said JA President Trent Klingensmith. “He is passionate about life-long learning, ethical behavior and the fundamentals of the free enterprise system, all of which embody the JA mission. Joe was such a natural fit for this honor and we are proud to include him in our Hall of Fame.”
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GreenBank boss to step down
Posted on September 2, 2009 at 9:26 am
Stan Puckett, who led Green Bankshares through more than two decades of growth, will retire from his post as CEO of what is now the third-largest bank headquartered in Tennessee. The company says it will hire a search firm to find a replacement before the 53-year-old Puckett puts in his last day.
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First Tennessee shuffling leadership
Posted on August 28, 2009 at 11:54 am
Josh Flory checks in with some interesting management news from First Tennessee. The bank has lured King Purnell, a former SunTrust regional president, to lead its commercial real estate line of business statewide, a new approach that bank leaders say complements the market-based org chart the bank has long used.
“We’ll have very focused attention on (each) line of business,” [Charles Burkett] said. “These are the businesses that we want to be in, that we want to grow, we want to support, and it gets our people servicing customers in those segments with additional focus on it.”
SEE ALSO: Naomi Snyder with the corresponding Nashville news that ends up with Mike Edwards in Memphis and Doyle Rippee in charge of Middle Tennessee.
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Report: Local Warner Bros. big wig out
Posted on August 21, 2009 at 1:11 pm
David Ross reports on word that Bill Bennett has left his post as executive VP and GM at Warner Bros. Nashville.
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