Industry Moves: New VNU CEO Is Former GE Vice Chair David Calhoun

The new CEO of VNU is David Calhoun, leaving GE unexpectedly after a recent promotion to vice chair. The announcement comes two months after VNU was bought by private equity consortium Valcon Acquisitions for $9.7 billion. Calhoun leaves GE after 27 years, taking over from interim CEO Rob Ruijter who becomes CFO.
Earlier this month Michael Marchesano was moved to the new role of EVP and chief transformation officer, leading VNU’s ‘project forward’ business transformation program. Project forward is a three-year plan to cut VNU Business annual operating costs by $160 million.
— This week VNU Business launched managesmarter.com, a new portal bringing together content from five specialist sites, and its first product for the Chinese market, Contract China print magazine. Release
Related:
New VNU Business Media Portal: Managesmarter.com
VNU Business Media’s Restructuring Starts; Krakoff New CEO; Layoffs At Billboard Group

This article originally appeared in MediaGuardian.

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