Ceo, Stepping Down | featured news

Walt Disney Co Chief Executive Bob Iger will step down as CEO in March 2015 after nearly a decade at the helm, setting in motion a succession plan for the largest U.S. media and entertainment company.

PG&E said its chief executive will retire at the end of the month and it is conducting a search for a successor, a surprise change at a utility rocked by a series of setbacks. Peter Darbee, PG&E's chairman and chief executive, was brought in in 1999 as an outsider who would bring fresh ideas, but appears to have been felled by inattention to the bread-and-butter basics of the utility business: providing safe and reliable service to customers.

Alibaba.com CEO David Wei resigned after an internal investigation found that more than 2,300 sellers on the e-commerce site were committing fraud, sometimes with the help of Alibaba.com sales staff.

Greg Blatt takes charge, Liberty Media sells its IAC stake -- The IAC chairman said Thursday that he is stepping down as CEO and that John Malone's Liberty Media has sold its entire stake in the company.

U.S. Olympic Committee acting C.E.O. Stephanie Streeter will leave her post within the next five months.