Switzerland-based Roche Holdings AG has begun the reshuffling process of several of its executives following its $46.8 billion takeover of biotechnology company Genentech in March. Among the moves, Genentech’s current Chairman and CEO Arthur Levinson will chair Roche’s new board of directors. Meanwhile, Roche CEO William Burns will retire from the corporate executive committee on […]
Jaclyn Jaeger
Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal, enforcement, technology, and more. Prior to joining CW, she spent four years as a legal reporter for Lawyer’s Weekly. Jaclyn attended undergraduate school at St. Joseph’s College of Maine and graduate school at Emerson College, earning degrees in journalism.
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PCAOB Names Chief Auditor
The Public Company Accounting Oversight Board has named Martin Baumann as chief auditor and director of professional standards. In this role, Baumann will be charged with advising the Board on the establishment of auditing and related professional standards. Baumann joined the PCAOB in 2006 as director of the Office of Research and Analysis. “Over the […]
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NASDAQ OMX Executive Steps Down
The NASDAQ OMX Group has announced that Chris Concannon intends to step down from his role as executive vice president of transaction services, U.S., effective April 30. Concannon will be joining Virtu Financial LLC, a newly formed proprietary trading firm, as a partner. Concannon joined NASDAQ OMX from Instinet Clearing Services in 2003. During his […]
Posted inRegulatory Enforcement
Uniphase Victory: Lessons Learned One Year Later
One year has passed since JDS Uniphase defeated shareholders in a rare class-action securities lawsuit that went to trial. Defense lawyers involved in the case, however, say companies faced with similar lawsuits are still learning valuable lessons from the Uniphase dispute. A maker of telecommunications equipment, JDS Uniphase had been a star of the dot-com […]
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Two Senior Government Lawyers Join Davis Polk
Law firm Davis Polk & Wardwell announced that former SEC Enforcement Director, Linda Chatman Thomsen, and Raul Yanes, former assistant to the President and White House Staff Secretary, are rejoining the firm as partners. Both Thomsen and Yanes will be based in the firm’s Washington, D.C. office. Thomsen returns to Davis Polk after serving for […]
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R.H. Donnelley Hires New Chief Accounting Officer
$2.6 billion R.H. Donnelley, a directory assistance company, has appointed Sylvester Johnson as vice president, corporate controller, and chief accounting officer. Johnson will be based in the company’s Cary, N.C. headquarters and report to R.H. Donnelley Executive Vice President and CFO Steven Blondy. With more than 25 years of public accounting and financial leadership experience, […]
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Chiquita Appoints New Chief Accounting Officer
$3.6 billion Chiquita Brands International, a marketer and distributor of food products, has appointed Lori Ritchey as vice president, controller, and chief accounting officer. Ritchey will report to Jeffrey Zalla, Chiquita’s senior vice president and chief financial officer. She assumes the duties from Brian Donnan, who is retiring after ten years with the company. Ritchey […]
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Odyssey Re Appoints New Risk Executive
$3 billion Odyssey Re Holdings Corp., a worldwide underwriter of property and casualty treaty reinsurance, has appointed Michael Wacek as executive vice president of global risk strategies, effective May 1. He will report to CEO Andrew Barnard. Wacek has been with the company for eleven years, presently serving as executive vice president of OdysseyRe, and […]
Posted inRegulatory Enforcement
Canadian Securities Class Actions Gain New Foothold
Securities class-action lawsuits are nothing new in the United States. Now that trend is slowly creeping across the Canadian border. That’s according to a first-of-its kind report by NERA Economic Consulting to analyze securities lawsuits in Canada. The report found that in 2008, a record nine securities class actions were filed, up from the four […]
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Law Extends Employers’ Pay Discrimination Liabilities
Corporate America is facing significant new challenges this spring over pay discrimination lawsuits, thanks to a new law that opens the door to discrimination complaints and makes them significantly more difficult to defend against. The Lilly Ledbetter Fair Pay Act was signed into law in January to undo the U.S. Supreme Court’s widely publicized Ledbetter […]
