Banking and Finance

Northvolt AB has appointed Markus Dangelmaier as the CEO of Northvolt Ett AB, its sole operational battery cell production facility. The announcement follows a challenging period for the Swedish electric vehicle battery supplier, which recently filed for Chapter 11 bankruptcy protection in the U.S. after facing severe financial difficulties. At...

FORVIA has announced that Patrick Koller will step down as CEO on March 1, 2025, following a decision made at its Board of Directors meeting on December 2. He will be succeeded by Martin Fischer, a seasoned executive and former Management Board member of the ZF Group. To ensure a...

Effective January 1, 2025, Christoffer Järkeborn, currently Deputy CEO of Nimlas Group and CEO of Sandbäckens, will assume the role of CEO of Nimlas Group. He will continue the company’s strategy of driving profitable growth with the aim of establishing Nimlas as a leading force in the Nordic installation industry....

Aon has announced that Anne Corona will assume the dual positions of CEO for Enterprise Clients and Global Chief Commercial Officer (CCO) starting January 1, 2025. The company explained that this move aligns with its broader initiative to enhance commercial capabilities. The strategy focuses on improving data integration, strengthening global...

Intel Corporation (NASDAQ: INTC) has announced that CEO Pat Gelsinger has retired, concluding a distinguished career spanning more than 40 years. Effective December 1, 2024, Gelsinger also stepped down from the company’s board of directors. In the interim, David Zinsner, Intel’s Executive Vice President and Chief Financial Officer, and Michelle...

Shares of Grupo Elektra plummeted 71% on Monday as trading resumed after a prolonged halt, erasing $5.5 billion from billionaire Ricardo Salinas Pliego’s net worth and removing him from the list of the world’s 500 wealthiest individuals. The Bolsa Mexicana de Valores disclosed in a filing that regulators had instructed...

Just days before UniCredit CEO Andrea Orcel shifted his attention to a domestic acquisition, resistance to his interest in Germany’s Commerzbank intensified. Members of Germany’s corporate elite reportedly urged Commerzbank’s CEO to reject any merger proposal, warning that the bank might suffer a fate similar to Bavarian lender HVB, which...

Stellantis, the multinational automaker behind brands like Chrysler, Jeep, Fiat, and Peugeot, has confirmed the resignation of its CEO, Carlos Tavares, citing unresolved differences with the board and ongoing struggles in sales performance. The company’s announcement follows a cascade of challenges, including declining sales, unsold inventory piling up at dealerships,...

Two months after issuing a profit warning, Stellantis, the manufacturer of Jeep, Fiat, and Peugeot vehicles, saw its stock lose approximately 40% of its value this year. In response to this situation, Stellantis CEO Carlos Tavares resigned abruptly. The company announced that it would begin the search for a replacement...

U.S. President-elect Donald Trump has threatened to impose 100% tariffs on the BRICS group, a coalition of nine nations if they attempt to create a currency rival to the U.S. dollar. The BRICS alliance includes major world powers such as China, India, and Russia, along with Brazil, South Africa, Iran,...