Banking and Finance

WSP in Canada announced the appointment of Peter Filato as its new Chief Financial Officer. Peter officially joined the WSP team on 23 October, and his base of operations will be the company's Montreal office. Most recently, Mr. Filato held the position of CFO at Telecon, a prominent firm specializing...

Excelitas Technologies has officially announced the appointment of Ron Keating as the company's new Chief Executive Officer and Ben Stas as the Chief Financial Officer. Both Mr. Keating and Mr. Stas are taking on these roles following the retirements of former CEO David Nislick and former CFO Jim Rao. Excelitas...

The Arelion Board of Directors has officially appointed Daniel Kurgan as the new President and CEO of Arelion, marking a change in leadership. Staffan Göjeryd, who led the company for a notable seven-year period, will be stepping down. Daniel Kurgan, a member of Arelion's Board since January 2022, boasts over...

Massimo Reynaudo has been appointed as the President and CEO of UPM-Kymmene Corporation, effective from 1 January 2024. Jussi Pesonen will continue in his role as President and CEO until 31 December 2023. Following his tenure, he will transition to an advisory role within the company, working with its management...

Temenos, a provider of banking software, has reported robust growth in its software licensing segment and raised its full-year projections. Simultaneously, the search for a new CEO is still underway. During the third quarter, Temenos generated $236.7 million in revenue, reflecting an 11 percent increase. The software licensing division experienced...

Serco, a government contractor, has announced the appointment of Andrew Head as the new Chief Executive for its Asia Pacific operations, effective immediately. Mark Irwin, the CEO of Serco Group, expressed his expectations for Andrew Head, saying, "Andrew will join Serco's executive committee where we hope he will play a...

David George, who served as the CEO and Managing Director of Magellan Financial Group, has resigned from his position, effective immediately, after slightly over a year in the role. He will also relinquish his role as a member of the board. Magellan, in an announcement to the ASX (Australian Securities...

Dow Inc. (NYSE: DOW) has announced that Howard Ungerleider will retire from the company after 33 years of dedicated service to pursue new opportunities. In response, the Board of Directors has appointed Jeffrey L. Tate as the new Chief Financial Officer, effective as of November 1, 2023. Ungerleider most recently...

Kotak Mahindra Bank, an Indian lender, made an unusual decision by selecting Ashok Vaswani as its new CEO from outside the company. The bank's board submitted the names of K.V.S Manian and Ashok Vaswani for consideration, and the Reserve Bank of India, which approves all senior bank appointments, chose Vaswani...

As of 25 October 2023, with its market capitalization of $673.1 billion, Tesla, Inc. is the most valuable Automobile company in the world, according to the latest report from CEOWORLD magazine. Toyota Motor Corporation, valued at $240 billion, came in second place, followed by BYD Company Limited at $93 billion...