Executive Insider

Jensen Huang, Chuck Robbins, Kelly Kramer, Cisco, and Nvidia (16 August, 2019)

# Nvidia founder and CEO Jensen Huang said that artificial intelligence (AI) would drive long-term demand because it is the “single most powerful force of our time,” and that there are more than 4,000 AI startups working with Nvidia. Nvidia Corp. (NASDAQ: NVDA) reported revenues of $2.58 billion, down from $3.12 billion a year ago, for the second fiscal quarter, which ended July 31.

# Mitchell Reichgut has officially stepped down as a chief executive officer of Jun Group, with the chief operating officer and president Corey Weiner taking over as CEO. Headquartered in New York, Jun Group is a mobile advertising company that primarily focuses on video ads and branded content.

# Seven West Media in real trouble: James Warburton has been appointed Managing Director and Chief Executive Officer of Seven West Media Limited, succeeding Tim Worner who has tendered his resignation. Warburton will have a base salary of $1.35 million including superannuation, and he is eligible to receive a maximum of $4.05 million worth of shares. Before his appointment as CEO of Seven West Media, James Warburton was Managing Director and CEO of APN Outdoor. Before his appointment to APN Outdoor, James Warburton was the CEO of Supercars for five years.

# Cisco chief executive Chuck Robbins says sales into the Chinese market have “dropped precipitously” amid a trade dispute between Beijing and Washington. “We don’t know if that’s a short-term thing or a long-term thing.” Chuck Robbins was ranked No. 114 in the CEOWORLD magazine’s ranking of the most influential CEOs in the world 2019.

Chinese government-controlled enterprises are opting to work with local vendors rather than American-owned companies. Cisco’s revenue in China was down 25 percent on an annualized basis in its fiscal fourth quarter. Cisco Chief Financial Officer Kelly Kramer said “While it’s a small part of our business when it falls off that precipitously, it creates a challenge.”

Thanks,

Dr. Amarendra Bhushan Dhiraj
amar@ceoworld.biz
@ceoworld

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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is chief executive and editorial director of The CEOWORLD magazine, overseeing the organization’s news and features departments.

Under Dr. Amarendra's leadership, The CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day.

Dr. Amarendra holds a Ph.D. in Finance and Banking from the European Global School in France; a Doctoral Degree in Chartered Accountancy from the European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine.

He earned his Master of Business Administration degree in Finance and his Master's Degree In Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. Prof. Dr. Amarendra Bhushan Dhiraj is a macro-economist and visiting professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

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