February 2, 2012
Medifast Inc., an Owings Mills-based maker and provider of weight-loss programs, said Thursday it would replace its chief executive officer next week with the company's board chairman. The employment agreement for Michael S. McDevitt, the current CEO, expires Wednesday, and he and the board mutually agreed not to renew his contract, the company said. McDevitt led the company during a period of growth over the past five years; he had joined Medifast in 2002. McDevitt will be replaced by Michael C. MacDonald, a board member since 1998 and executive chairman since November.
November 2, 2010
GSE Systems, a Sykesville-based developer of simulation and training systems for the power-generation and manufacturing industries, announced Tuesday the appointment of Jim Eberle as its new chief executive officer. Eberle will also serve as a director to the company's board. Eberle replaces CEO John V. Moran, who retired on Oct. 31 and has become a consultant to the company. Eberle joined GSE as its chief operating officer in June. Hanah.firstname.lastname@example.org Text BUSINESS to 70701 to get Baltimore Sun Business text alerts
September 5, 2003
WITH CORPORATE scandals shaking the nation's stock markets, the New York Stock Exchange - the securities industry's top self-regulator - naturally has pushed for corporate governance reforms. It's also only natural that the world's largest stock market adopted this June higher standards for its own governance, including pledging to disclose its executives' pay. What's unnatural - and deeply troubling - is that disclosure now reveals the NYSE as a vivid example of perhaps the most resistant ill afflicting corporate America: "CEO-itis," as one analyst dubs it. The private entity announced last week that Richard A. Grasso, its chairman and CEO, is receiving a stunning $140 million in deferred salary and retirement benefits.
July 11, 2011
Is there a better way to market your product than naming "East Bound & Down's" Kenny Powers your CEO? That's just what K-Swiss did with its new YouTube marketing campaign. The videos -- which in true Powers style are profane (cover your ears children!) -- feature cameos from Michael Bay, Matt Cassel, Jillian Michaels, and MMA Champion Jon "Bones" Jones, among others, who now apparently help Powers run the company. K-Swiss now has a new slogan too: "Shut up and buy them.
July 1, 2011
James Keefe Donahue, former president and CEO of Industrial Shows of America Inc. who also was producer of the International Auto Show and Chesapeake Bay Boat Show, died June 23 of heart failure at Good Samaritan Hospital. The Lutherville resident was 88. Mr. Donahue was born and raised in Arlington, Mass., and was a 1942 graduate of Belmont High School. He enlisted in the Army in 1943 and served with an infantry unit in the European Theater and received a battlefield commission.
December 8, 2012
Given Robert Vigorito's endurance as a six-time finisher of the world-famous Ironman Triathlon event in Hawaii, many figured that his tenure with the Columbia Triathlon Association would go on forever. Those who did might be surprised to hear that Vigorito - or simply "Vigo," as he is called by many - is retiring from the organization he helped create. Vigorito, who will turn 65 in March, announced Friday that he was ending his 26-year run as CEO and race director of what is one of the area's oldest and most prestigious endurance events.