Banking and Finance

In a notable leadership transition, Schneider Electric SE has appointed company veteran Olivier Blum as its new Chief Executive Officer, succeeding Peter Herweck, who held the role for 18 months. The decision, made unanimously by the board, reflects a desire for strategic redirection at a time when the $152 billion...

Dollar Tree, a major player in the discount retail industry, announced on Sunday that CEO and chairman Rick Dreiling has officially resigned. After joining the company as executive chairman in March 2022, Dreiling cited personal reasons for his departure, noting that recent health concerns prompted him to shift his focus...

Domino’s Pizza Enterprises has announced the upcoming retirement of its long-serving CEO and managing director, Don Meij, effective November 6. After a nearly four-decade career with the company—22 years of which he held the CEO position—Meij plans to continue collaborating with the board and his successor, Mark van Dyck, over...

Stanford Le, a seasoned executive from the Las Vegas casino industry, has officially assumed his role as CEO of Crown Sydney, marking a significant step in Crown Resorts' leadership restructuring following the recent restoration of its operating licenses in key markets Sydney and Melbourne. Le, who succeeds outgoing CEO Mark...

Amit Kumar, Managing Director and CEO of CarTrade-owned OLX India, has announced his resignation, ending his seven-year tenure with the online classifieds platform to explore "better opportunities." OLX confirmed in a recent statement that Kumar’s resignation from both the directorship and CEO position will be effective January 31, 2025. Kumar’s...

Swiss private banking group CBH Compagnie Bancaire Helvétique SA has appointed Enid Yip as the new CEO of its Hong Kong-based subsidiary, CBH Asia. In addition to her role as CEO, Yip will lead the Asia Regional Committee, further supporting the group’s strategic goal of strengthening its presence in the...

Amazon's founder, Jeff Bezos, recently divested over $3 billion in Amazon shares, cementing his status as the world’s second-richest individual. His cumulative sales for the past year now total $13 billion. According to a regulatory filing, the latest sale includes over 16 million shares. This move coincides with Amazon’s stock...

Peloton Interactive, Inc. has announced the appointment of Peter Stern, a distinguished leader with extensive experience at major brands like Apple, Ford, and Time Warner Cable, as its new CEO and President, effective January 1, 2025. The company anticipates Stern’s appointment to its Board in the near future. Board Chair...

The Board of Directors of Airbus SE has announced plans to propose the renewal of Guillaume Faury’s role as Executive Board member and Chief Executive Officer at the 2025 Annual General Meeting. Alongside this proposal, Airbus revealed an upcoming leadership transition in its Commercial Aircraft division. Lars Wagner, currently CEO...

In a sweeping move aimed at reinvigorating his ambitious turnaround strategy, Societe Generale's Chief Executive Officer Slawomir Krupa has restructured the executive leadership. The significant shift sees long-standing executives Deputy CEO Philippe Aymerich, CFO Claire Dumas, and French retail banking head Marie-Christine Ducholet stepping down, as confirmed by the bank...