Banking and Finance

At the start of the week, Dan Kan, Cruise’s chief product officer, and co-founder, resigned from the company, following closely after the resignation of Kyle Vogt, the CEO and another co-founder, which was announced less than a day earlier. Kan himself did not provide any comment. This series of co-founder...

NRG Energy Inc. is undergoing significant changes for the second time in six years, prompted by objections from activist investor Elliott Investment Management LP regarding the direction pursued by the independent US power producer. In response to criticism from Elliott regarding the company's $2.8 billion acquisition of Vivint Smart Home...

Publix Super Markets has announced a transition in its top leadership roles effective January 1. Todd Jones, the current CEO, will assume the position of Publix's Executive Chairman. Kevin Murphy, currently serving as President, will step into the role of CEO, while John Goff, the Senior Vice President, will take...

According to a recent report by CEOWORLD magazine, most major U.S. cities are experiencing an upward trend in home prices. Despite the fact that mortgage costs are currently high and discouraging potential home buyers, the housing market remains robust. During the 12 months leading up to October 2023, the Greater...

Nikola, the zero-emission semi-truck manufacturer, disclosed the resignation of its CFO. Anastasiya Pasterick, who assumed the role after Kim Brady earlier this year, is stepping down to explore new opportunities, as announced by Nikola on Friday. Pasterick is slated to assist in the transition to the next CFO until December...

Mark Senkevics, previously the head of Swiss Re's Australia and New Zealand operations for over two decades, has joined the advisory board of insurtech RETJA after concluding his tenure at the reinsurer on June 30. Senkevics, based in Sydney, held the position of Swiss Re's Head of Property and Casualty...

Star Tribune Media Company, owner of the fourth-largest daily circulation print newspaper in the U.S., the Star Tribune, has appointed Stephanie Ness from Target as its new finance lead and Chris Iles, previously associated with the Minnesota Twins baseball team as its Vice President of Brand and Communications. Their appointments...

Jubilant Foodworks made an announcement regarding the resignation of Ashish Goenka, the company’s President, Chief Financial Officer (CFO), and Key Managerial Personnel (KMP). According to a regulatory filing, his resignation will be effective December 15, 2023. Goenka cited an external opportunity as the reason for his departure. The filing stated,...

Union Bank of India has appointed Avinash Vasant Prabhu as its new Chief Financial Officer, effective immediately. This announcement triggered a notable increase in the bank's shares, marking a 2.57% rise. Union Bank of India's decision aligns with the Securities and Exchange Board of India's (SEBI) regulations on executive changes....

The real estate investment trust, based in Newton, MA, revealed that President and CEO Jennifer Francis would step down from her roles at Diversified Healthcare Trust (DHC) and The RMR Group on December 31, retiring from RMR on July 1. Christopher Bilotto, currently an Executive Vice President at The RMR...