Banking and Finance

Signify, the world’s largest lighting manufacturer, announced a nearly 10% decline in its 2024 core profit on Friday. The company also revealed that CEO Eric Rondolat would step down following the annual general meeting scheduled for April. Rondolat, who is 58, played a critical role in guiding Signify’s 2016 spin-off...

The Pierer Mobility Group (PMG) has announced that Stefan Pierer is stepping down as CEO of both PMG and KTM AG. Gottfried Neumeister, who became Co-CEO of PMG last year, will assume the role of CEO for both organizations. Pierer will continue to serve as Co-CEO during a restructuring phase...

The Global Wind Energy Council (GWEC) CEO, Ben Backwell, has been appointed as the new chairman of the Global Renewables Alliance (GRA) for a two-year term. According to a statement from GWEC, Backwell's primary focus in the coming year will be driving countries to establish ambitious renewable energy targets within...

UnitedHealthcare has announced Tim Noel as its new CEO following the tragic death of Brian Thompson, who was killed in a targeted shooting in midtown Manhattan. The company confirmed the leadership change in an emailed statement. Tim Noel, a long-time company leader, previously headed UnitedHealthcare’s Medicare and retirement division. He...

Chris Todd, formerly the president of Kronos, has been appointed as the chief executive officer of Envestnet, a leading US-based wealth management software provider. His tenure will officially commence on January 21, 2025. Todd steps into the role previously held by board chair James Fox, who had temporarily taken over...

The Fresh Market, Inc. has announced the appointment of Brian Johnson as its new President and Chief Executive Officer (CEO), effective February 3, 2025. He will succeed Jason Potter, who has chosen to pursue a new professional opportunity. The company expressed its appreciation for Potter’s leadership and contributions over the...

Cargus, a prominent name in Romania's courier industry, has appointed former Chief Financial Officer Belgin Bactali as its new CEO, with her tenure beginning on January 20. She takes over from Yannick Mooijman, who, according to the company, has chosen to step down to pursue new opportunities. Bactali brings more...

Annie Young-Scrivner has stepped down from her role as CEO and Board Director of Wella Company. In an official statement, the company confirmed her resignation and announced that the Board had appointed current Board Chair Glenn K. Murphy to oversee operations as Executive Chair. Wella attributed Young-Scrivner’s departure to family matters....

P180, a newly established venture, has acquired a majority stake in US luxury fashion company Vince Holding (VNCE) for an undisclosed amount. As part of the deal, Brendan Hoffman is set to return as the company's CEO. The stake was purchased from affiliates of Sun Capital Partners, marking P180’s third...

A recent report unveiled at the World Economic Forum’s Annual Meeting 2025 has revealed the alarming potential consequences of increasing geo-economic fragmentation. According to the findings, the global economy could suffer losses of up to $5.7 trillion, or 5% of GDP, making the impact even more severe than the 2008...