Banking and Finance

As Xiaomi expands its aspirations in the automotive sector, CEO Lei Jun has unveiled a leadership overhaul, placing a heightened emphasis on strengthening the electric vehicle (EV) business. Lei Jun shared on Weibo that he has entrusted the general management of the Xiaomi brand to Liu Weibing, who currently serves...

Julius Baer faced a significant blow with a 52% plunge in annual profits, driven by the decision to write off its SFr606 million ($700 million) exposure to the crisis-ridden Signa property group. The Swiss wealth manager also confirmed the departure of CEO Philipp Rickenbacher, who will be temporarily succeeded by...

In a recent announcement, the leadership team at BP unveiled the appointment of Kate Thomson as the company's Chief Financial Officer. Joining the board with immediate effect, Kate, who has been serving as interim CFO since September 2023, brings a wealth of experience and expertise to her new role. Prior...

Merck Mercuriadis, founder, CEO, and also the visionary behind Hipgnosis Song Management (HSM), will ascend to the position of Chairman, while Ben Katovsky, currently HSM's President and Chief Operating Officer, is set to take the helm as the new CEO. Following the planned transition, both Mercuriadis and Katovsky will continue...

Deckers Brands (NYSE: DECK) disclosed Dave Powers' decision to retire from his role as President and Chief Executive Officer, effective August 1, 2024. Powers is anticipated to remain an active member of the Company's Board of Directors until the 2025 Annual Meeting of Stockholders. Stefano Caroti, the Company's Chief Commercial...

Douglas Morin, who served as the CEO of Devolver for over two years, has officially resigned from his position. Taking over the reins is Harry Miller, the co-founder of Devolver and former executive chairman. Simultaneously, Kate Marsh has been appointed as the non-executive chair, having served as the senior independent...

The rise of Generative AI is reshaping the media landscape, as emblematized in the lawsuit by The New York Times against Open AI. Yet such opposition isn’t the only way to handle the threat of Generative AI in the media, as revealed in my conversation with Jill Koziol, Co-Founder of...

Mettle has announced Michelle Prance as its new Chief Executive Officer. Michelle Prance succeeds Andy Ellis in the role of Mettle's CEO. Ellis had taken over after the departure of Marieke Flament at the end of 2021 and has since assumed the position of CEO at NatWest's Banking-as-a-Service (BaaS) business,...

Alliance Aviation has concluded its 18-month-long search for a new Chief Executive by appointing Stewart Tully as the new CEO, effective from 1 March, according to the airline's announcement. In addition to the leadership changes, Alliance Aviation announced plans to strengthen its board by seeking two additional directors. The move...

Ted Bloom has been appointed as the Chief Executive Officer of Messe Frankfurt Middle East (MFME), effective April 1, 2024. The current CEO, Simon Mellor, is stepping down for family reasons. Bloom, who served in the acting CEO role for the majority of 2023, will continue to steer the strategic...