Thomas V. McKernan, chief executive of the Automobile Club of Southern California, has retired after serving 46 years with the organization, including 21 in the top post. He was succeeded by Robert Bouttier, who previously was the club's president and chief operating officer.
Bank of New York Mellon's chief executive, Robert Kelly, is the front-runner to succeed retiring Bank of America chief Kenneth Lewis, but compensation issues could get in the way of a deal, The Wall Street Journal reported. Read Post
Toy behemoth Mattel Inc. said that chairman Robert Eckert will retire at year's end and Chief Executive Bryan Stockton will take over the role on Jan. 1. Read Post