Banking and Finance

Stellantis (NYSE: STLA) unveiled structural changes on Monday designed to streamline operations and enhance efficiency as the automaker continues its reorganization following the departure of former CEO Carlos Tavares in December. As part of this initiative, the company has merged its software and engineering divisions under the leadership of Chief...

BT Group plc has named Jon James as the new CEO of BT Business, reinforcing its commitment to the UK market. Alongside his appointment, he will also join the company’s Executive Committee. His tenure begins on March 3, 2025. Bringing nearly three decades of experience in the European telecommunications, media,...

British Columbia-based ThoughtExchange (Fulcrum Management Solutions Ltd.) has appointed George Psiharis as its new CEO, succeeding co-founder Dave MacLeod, who will now take on the roles of president and chief product officer. The announcement was made on Tuesday. Founded in 2009 and headquartered in Rossland, B.C., ThoughtExchange employs over 100...

Northvolt co-founder Paolo Cerruti has announced his decision to step down as CEO of Northvolt North America while retaining his position as Chairman of the Board for the company’s Canadian entity. During this transition, Karen Chang, who has extensive experience within Northvolt’s ecosystem and has been instrumental in the Northvolt...

US Bancorp has announced that its current president, Gunjan Kedia, will assume the role of CEO on April 15, succeeding company chairman and CEO Andy Cecere. Kedia, who joined US Bancorp in 2016, has held executive positions at State Street Financial, BNY, McKinsey & Company, and PwC. She holds engineering...

Daiichi Sankyo has announced that Hiroyuki Okuzawa will assume the role of CEO, succeeding Sunao Manabe, effective April 1, 2025. The company’s board of directors, acting on the recommendation of the nomination committee, appointed Okuzawa with the objective of strengthening the management structure and ensuring the successful achievement of the...

Rasmus Errboe, currently Ørsted’s Deputy CEO and Chief Commercial Officer, has been appointed as the company’s new Group President and CEO. He is set to assume the role on February 1, succeeding Mads Nipper, who has led the company for the past four years. Announcing the leadership transition, Ørsted’s Board...

Moneyhub, a UK-based open finance and data platform, has announced the appointment of Alastair McGill as its new CEO, with immediate effect. His selection marks the conclusion of the company’s search for a new leader following Samantha Seaton’s decision to step down in December after an eight-year tenure at the...

The Bank of Canada reduced its key interest rate by 25 basis points on Wednesday, a widely anticipated move that experts believe was necessary to support the Canadian economy. Analysts warned that the country could face significant economic strain if U.S. President Donald Trump follows through on his threats to...

Arm Holdings PLC’s Chinese subsidiary is undergoing a leadership transition, appointing a veteran of the local semiconductor industry as its new CEO. The move is aimed at strengthening the company’s ability to navigate the evolving geopolitical and technological landscape. According to sources familiar with the matter, Arm China has selected...