Banking and Finance

Chipotle has officially appointed Scott Boatwright as its permanent CEO, according to a Monday press release. Boatwright, who had served as interim CEO since August following Brian Niccol’s move to Starbucks, steps into the role after a tenure as chief operating officer, a position he held since 2017. Before joining...

Daimler Truck Holding AG’s Supervisory Board has appointed Achim Puchert to the Board of Management with a term lasting through November 30, 2027. Puchert will assume the role of CEO of Mercedes-Benz Trucks, overseeing the Europe and Latin America regions, effective December 1, 2024. He will succeed Karin Rådström, current...

Seafrigo Group, a leading player in cool-chain food logistics, has announced the appointment of Bruno Plantaz as its new Group Chief Executive Officer. Company founder Eric Barbé, who will now serve as President, is set to collaborate with Plantaz as they execute the company’s ambitious global growth agenda. Bringing over...

3C IT Solutions & Telecoms India Ltd, a leader in comprehensive IT infrastructure solutions, has appointed Hashyadeep Dave as its new Chief Executive Officer (CEO). His role aligns with the company’s current expansion initiatives, focusing on strategies for growth, operational efficiency, technological advancements, and a customer-centered approach. Dave’s responsibilities will...

Prudential Financial has announced that Jacques Chappuis, former co-head of Morgan Stanley Investment Management, will assume the role of chief executive officer of PGIM on May 1, 2025. Chappuis will succeed David Hunt, the current CEO, who will be retiring after a 13-year tenure in which PGIM’s assets under management...

On Monday, Resolute Mining’s shares nosedived by 32%, marking the company’s steepest single-day loss in over 16 years after three of its executives, including CEO Terence Holohan, were detained by Malian officials. Holohan and his team were in Bamako, Mali's capital, to engage with mining and tax authorities, only to...

Nissan Motor Co., grappling with intensifying industry challenges and internal issues, announced deep cuts to its workforce, production, and financial forecasts for the fiscal year. The automaker’s shares fell sharply in Tokyo on Friday, declining as much as 10% to their lowest level since October 2020, after the company revealed...

European parking management leader APCOA has named Nicola Veratelli as its new Chief Executive Officer, taking over from Bert Pijls, who has served as interim Executive Chairman since June 2024. Pijls will now transition back to his position as Chairman of the Board. Veratelli is set to officially step into...

Aliko Dangote, Africa’s wealthiest individual and a prominent industrialist, experienced a $35.8 million decrease in his net worth on Wednesday following the U.S. presidential election, bringing his total wealth to $27.7 billion as of Thursday. This change placed him 64th on the global list of the wealthiest individuals. Dangote’s fortune...

ANZ Group Holdings Ltd. reported a lower-than-expected profit, as CEO Shayne Elliott noted intense competition in the mortgage market. For the year ending September 30, ANZ’s cash profit declined to $4.5 billion, down from $4.9 billion the previous year. The results underscore the challenges facing Australia’s major banks, which are...