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Executive Changes News 24 January 2026 - 6 February 2026

Verizon stock price edges up after consumer chief steps down — what VZ investors watch next

Verizon stock price edges up after consumer chief steps down — what VZ investors watch next

Verizon shares rose 0.4% to $47.21 Thursday after announcing Sowmyanarayan Sampath, head of its consumer division, will depart by March 31. Alfonso Villanueva was named interim chief. The move follows a major January outage and renewed scrutiny from Washington over telecom security. Investors remain focused on execution in the consumer unit.
5 February 2026
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Lam Research stock (LRCX) sinks after-hours as chip selloff deepens; COO change in focus

Lam Research stock (LRCX) sinks after-hours as chip selloff deepens; COO change in focus

Lam Research shares fell 8.8% to $209.78 in after-hours trading Wednesday, deepening a rout in chip stocks as the PHLX semiconductor index dropped 4.4%. The company confirmed COO Pat Lord will retire in March, with Sesha Varadarajan named as successor. Lam also added Cadence CEO Anirudh Devgan to its board. U.S.-China chip tensions and a weak AMD forecast weighed on the sector.
5 February 2026
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Uber stock sinks after earnings outlook miss as CFO change and robotaxi push hit focus

Uber stock sinks after earnings outlook miss as CFO change and robotaxi push hit focus

Uber shares fell about 5% to $73.92 in after-hours trading Wednesday after the company issued a first-quarter profit forecast below analyst expectations and announced CFO Prashanth Mahendra-Rajah will step down. Uber projected adjusted EPS of 65–72 cents, missing the 76-cent consensus. The company signaled a higher 2026 tax rate and plans to expand autonomous vehicle deployments.
5 February 2026
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Uber stock slides after profit outlook misses as robotaxi push and CFO change grab focus

Uber stock slides after profit outlook misses as robotaxi push and CFO change grab focus

Uber shares fell 4% to $74.84 after fourth-quarter profit missed estimates and the company issued a weaker first-quarter outlook. CFO Prashanth Mahendra-Rajah will step down Feb. 16, with Balaji Krishnamurthy taking over. Uber highlighted robotaxi expansion, aiming for service in up to 15 cities by 2026. Lyft and DoorDash shares also declined in afternoon trading.
4 February 2026
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Lam Research stock tumbles nearly 9% as chip gear sells off; COO change set for March

Lam Research stock tumbles nearly 9% as chip gear sells off; COO change set for March

Lam Research shares fell 8.6% to $210.33 by midday Wednesday, erasing earlier gains as semiconductor stocks slumped. The drop followed a sector-wide tech selloff and a sharp decline in AMD shares after a cautious forecast. Lam announced COO Patrick J. Lord will retire March 6, with Sesha Varadarajan set to succeed him. Cadence CEO Anirudh Devgan joined Lam’s board, expanding it by one member.
4 February 2026
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Lam Research stock price slips 3%: LRCX traders eye COO handover and new board pick

Lam Research stock price slips 3%: LRCX traders eye COO handover and new board pick

Lam Research shares fell 3.1% to $230.10 Tuesday, touching an intraday low of $226.88, before steadying after hours. Anirudh Devgan, CEO of Cadence, joined the board, and Seshasayee Varadarajan will become COO on March 6, according to an SEC filing. Other chip-equipment makers also declined. Lam recently announced a research pact with CEA-Leti and forecast Q3 revenue of $5.7 billion.
4 February 2026
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PayPal dumps CEO Alex Chriss, taps HP chief Enrique Lores as earnings miss and dividend debut jolt stock

PayPal dumps CEO Alex Chriss, taps HP chief Enrique Lores as earnings miss and dividend debut jolt stock

PayPal named HP’s Enrique Lores as CEO, replacing Alex Chriss after weak Q4 results and a downbeat 2026 forecast sent shares tumbling 16% premarket. Jamie Miller becomes interim chief. Q4 revenue rose 4% to $8.7 billion, but branded checkout volume lagged. The board declared PayPal’s first quarterly dividend of $0.14, payable March 25.
3 February 2026
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Disney stock (DIS) set for a volatile week as Bob Iger exit report lands before earnings

Disney stock (DIS) set for a volatile week as Bob Iger exit report lands before earnings

Disney shares closed at $112.80 Friday, up 1.1%, and edged higher after hours following reports CEO Bob Iger plans to step down early. The board is expected to vote on a successor next week. Disney will release quarterly earnings before the market opens Feb. 2. The company declined to comment on the leadership change.
31 January 2026
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GE Vernova stock price: GEV heads into earnings week after Power segment CEO exit

GE Vernova stock price: GEV heads into earnings week after Power segment CEO exit

New York, January 24, 2026, 18:00 EST — The market is now closed. Shares of GE Vernova Inc. dipped heading into the weekend following a late-week drop. Investors are now focused on next week’s earnings release and a new leadership shakeup in the company’s Power division. GE Vernova (NYSE: GEV) plans to report its Q4 and full-year 2025 earnings on Wednesday, Jan. 28, before the market opens. The company will kick off a webcast at 7:30 a.m. ET featuring CEO Scott Strazik and CFO Ken Parks, ahead of the regular session starting at 9:30 a.m. ET, it said. (GE Vernova)
25 January 2026
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GE Vernova stock: Power-unit CEO exit lands days before earnings

GE Vernova stock: Power-unit CEO exit lands days before earnings

New York, Jan 23, 2026, 20:47 EST — Market closed. Shares of GE Vernova dipped on Friday following an announcement of a leadership shakeup in its Power segment. The stock ended the day down 0.6% at $657.73, having fluctuated between $649.16 and $666, and now sits roughly 10% below its 52-week peak. (markets.businessinsider.com) Timing is crucial. Traders enter next week facing a fresh leadership at the firm that handles the sales and servicing of much of the company’s gas-power equipment, with quarterly earnings scheduled before week’s end. That creates a tricky window: talk of a handover on Monday could swiftly
24 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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