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Chipotle CEO apologizes over illnesses, vows restaurant chain will be ‘safest place to eat’

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WASHINGTON — Chipotle founder and co-Chief Executive Officer Steve Ells on Thursday apologized to patrons who fell ill after eating at the company’s restaurants, and pledged that sweeping new food safety practices will prevent such outbreaks in the future. “This was a very unfortunate incident and I’m deeply sorry that …

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TMX CEO waves off competitive threats as rivals gather at the gates

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TORONTO — Lou Eccleston, the CEO of TMX Group Ltd., puffed his chest and dismissed the wave of new entrants that run, or likely plan to run, a rival stock exchange to the ones he operates. Besides, did you assume he was just going to sit back and watch it all unfold? No, he says …

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Valeant’s new CEO trio shows company has no clear successor while Michael Pearson on medical leave: analysts

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MONTREAL — Following a year of unpleasant surprises for Valeant Pharmaceuticals International Inc., on Monday the company announced chief executive Michael Pearson would take a leave of absence following his hospitalization last week with severe pneumonia. During his absence, Pearson’s duties will be split between three company executive vice-presidents. With few …

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Why BMO’s CEO expects it to take two or three years for oil prices to stabilize

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Oil prices won’t return to more normal levels for two or three years, and those expecting a speedy rebound from this month’s 12-year lows are being unrealistic, Bank of Montreal Chief Executive Officer William Downe said. “It’s unrealistic to believe it’s going to snap back,” Downe said in an interview Friday …

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Air Canada stock met with turbulence after CEO takes shot at ‘short-term investors’

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Air Canada’s decision to stop providing capacity guidance was a shot across the bow at short-term investors, but the shrapnel is hitting long-term investors too. The airline’s stock fell for the second day in a row Thursday after it said it will no longer release capacity forecasts and will also …

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Toronto-Dominion Bank CEO Bharat Masrani paid $9.38 million in first year as top executive

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Toronto-Dominion Bank paid Bharat Masrani $9.38 million for fiscal 2015, his first year as chief executive officer of Canada’s largest lender. Masrani, 59, received $1 million in salary, $4.22 million in share-based awards and $2.08 million of option awards as well as $1.7 million in incentive pay and $383,692 in …

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Valeant CEO Mike Pearson’s health improving, but board reportedly debating his return

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Valeant Pharmaceuticals International Inc. Chief Executive Officer Mike Pearson’s health is improving, a company spokeswoman said Thursday, although he remains on medical leave. Former Chief Financial Officer Howard Schiller is still acting as interim CEO, said Laurie Little, the spokeswoman. Pearson was hospitalized in late December with severe pneumonia. At …

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Home Capital Group CEO Gerald Soloway to step down after 30 years with mortgage lender

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Home Capital Group Inc. chief executive Gerald Soloway is stepping down after almost 30 years at the helm of the mortgage lender. He will hand the reins to company president Martin K. Reid at the company’s annual meeting on May 11. Soloway will remain a director of Home Capital and …

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Aubrey McClendon dies at 56: Former Chesapeake CEO was a mythical character who pioneered the shale revolution

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HOUSTON — Aubrey McClendon was the face of the nation’s natural gas boom, a swashbuckling innovator who pioneered a shale revolution. Former Chesapeake CEO Aubrey McClendon dies in car crash day after being indicted McClendon was charged on Tuesday with conspiring to rig bids to buy oil and natural gas …

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