Banking and Finance

Whirlpool Corporation recently announced workforce reductions of 1,000 people globally, initially targeting office staff, amid a backdrop of shifting market dynamics. The company, grappling with sluggish demand and escalating manufacturing costs, witnessed a precipitous decline in its stock value, plummeting by over 11% following the news. CFO Jim Peters cited...

Sportradar Group AG has unveiled Craig Felenstein as its new Chief Financial Officer, effective June 1st, 2024. Felenstein brings with him a wealth of experience garnered from nearly three decades in senior finance and operational roles within US publicly listed companies across diverse industries such as media, entertainment, and digital...

The Board of Axis Bank has greenlit the extension of Amitabh Chaudhry's tenure as Managing Director & CEO for an additional three-year term, commencing January 1, 2025, and concluding on December 31, 2027. Chaudhry's continued stewardship is contingent upon the regulatory approval of the Reserve Bank of India and the...

Electrolux, the world's second-largest appliances manufacturer based in Sweden, announced a pivotal leadership transition as CEO Jonas Samuelson, at the helm for eight years, disclosed his decision to step down effective January 1, 2025. The company affirmed that Samuelson would also relinquish his position on the board, prompting a quest for...

Blackline Safety Corp. (TSX: BLN) announces the forthcoming departure of CFO Shane Grennan, effective June 30, 2024, as he seeks new career horizons after over eight years of dedicated service. CEO and Chair Cody Slater expressed gratitude for Grennan's significant contributions, acknowledging his pivotal role in steering the company's financial...

WNS (Holdings) Limited (NYSE: WNS) has appointed Arijit Sen as Chief Financial Officer. Meanwhile, Arijit Sen's ascent within the WNS finance domain stands as a testament to his exceptional capabilities. Having embarked on his journey 15 years ago, Arijit has meticulously steered various corporate finance functions, from Treasury to M&A,...

In the aftermath of the Annual Shareholders' Meeting 2024, BASF SE stands poised at a juncture of transition and fiscal realignment, with Dr. Markus Kamieth ascending to the esteemed position of Chairman of the Board of Executive Directors. The ceremonial baton-passing, held at the Rosengarten Congress Center in Mannheim, Germany,...

Dave & Buster's Entertainment is set to embark on a new financial journey with the appointment of Darin Harper as its Chief Financial Officer, effective June 17. This strategic move comes as the company's existing CFO, Michael Quartieri, prepares for retirement, ensuring a seamless transition under Harper's guidance. Harper brings a wealth of...

Bharat Heavy Electricals (BHEL) has reinforced its financial stewardship with the appointment of Koppu Sadashiv Murthy as Chief Financial Officer, effective from April 24, 2024. This strategic decision, approved by the board, marks a pivotal moment for BHEL's financial trajectory. Murthy's appointment comes as part of a strategic restructuring, replacing Jai Prakash Srivastava in the CFO role....

ScreenPoint Medical, a leading innovator in breast cancer detection technology, is undergoing a significant leadership transition as CEO Mark Koeniguer steps down after two years of dedicated service. The company's Board of Directors has unanimously appointed Pieter Kroese as the new CEO, effective April 25, marking a new chapter in...