Los Angeles Business Journal
Los Angeles Business Journal
Search last 90 days
ARCHIVES SEARCH
SIGN IN
WRITE US
Los Angeles Business News
Los Angeles Business Journal
 

INDUSTRY-SPECIFIC NEWS STORIES:
LABJ Poll
What do you think about increases in parking fines and traffic tickets, plus more red light cameras?
Los Angeles Business news
  That's OK. Just obey the law.
  No. Higher fines and increased enforcement are becoming too costly for too many people.
Los Angeles Business news
View Results
 
 

DirecTV Names New Chief Executive

Los Angeles Business Journal Staff

DirecTV Group Inc., which may be spun off this week from Liberty Media Corp., said Wednesday that Pepsico International Chief Executive Michael White will become its CEO on Jan. 1.

White, 57, replaces Chase Carey, who left the El Segundo satellite TV provider earlier this year to become Rupert Murdoch’s No. 2 man at News Corp. White, also Pepsico vice-chairman, had planned to retire later this year from running PepsiCo’s international operations.

White joined PepsiCo in 1990 and has held various management positions, including chief financial officer. White also helped engineer acquisitions, including pending agreements to acquire the company's two largest bottlers, the Pepsi Bottling Group and PepsiAmericas. Prior to PepsiCo, he worked for cosmetics company Avon Products Inc. and consultancies Bain & Co. and Anderson & Co.

Liberty Media Corp., which holds a controlling stake in DirecTV, is scheduled to hold a special shareholders meeting Thursday to vote on spinning off DirecTV and other Liberty entertainment assets into a separate company to be called DirecTV Inc. If approved, Liberty Chairman John Malone would own a 3 percent stake in the new company but control 24 percent of the vote.

Since Carey’s departure, DirecTV has been run for the last six months by interim CEO Larry Hunter.

DirecTV shares closed up 11 cents, or less than 1 percent, to $31.04 on the Nasdaq.


  February 8 - 14, 2010
LA Business News
Convention-al Appeal
New downtown hotels and a bustling L.A. Live scene are hailed as big convention business boosters.
Owner Back in the Saddle at Santa Anita Race Track
A deal with creditors will allow owner Frank Stronach to hold on to the reins of Santa Anita Park.
Unions Dropping Anchor in Long Beach?
The Port of Long Beach’s use of project labor agreements may maroon nonunion contractors.
Local Latinos Make Chinese Connection
A contingent of Latino officials from L.A. cities overcame culture clash on a recent trip to China.
Browse the complete Table of Contents - stories, charts, and editorial - for the current edition of the Journal

Printer-friendly version E-mail to an associate Search Home
   

All contents of this site © 2010 Los Angeles Business Journal Associates. All rights reserved.
Los Angeles Business Journal, Los Angeles, CA 90036, USA. | Powered by FLEX360