The Board of Leighton Holdings Limited today (August 14) advised that it had agreed amendments to the terms of the employment contract with Chief Executive Officer, Mr Wal King. Leighton Holdings’ Chairman, Mr David Mortimer, said that the Board was very pleased to have retained the services of Mr King as CEO for a further three years until 30 June 2010, with an option to extend by mutual agreement.

Telecommunications veteran also has been CEO of Ameritech and Williams-Sonoma

Recruits experienced CEO with track record of revitalizing established retail brands

The Appointment of Michael Capellas Is Effective Upon Completion of KKR Transaction.

The Board of Directors has appointed Marcel Rohner as UBS's Group Chief Executive Officer, effective July 6th. He succeeds Peter Wuffli, who relinquishes all of his functions at UBS.

Wells Fargo & Company's Board of Directors has named John G. Stumpf, President and Chief Operating Officer, to be the Company's Chief Executive Officer.