Banking and Finance

Amidst a wave of changes, Fletcher Building's board undertakes a strategic refresh, drawing cautious approval from the Shareholders' Association while calling for increased transparency in the process. The baton passes to Nick Traber, slated to assume the mantle of interim chief executive, succeeding Ross Taylor, effective from the week's end....

In a dramatic turn, Stability AI Ltd.'s vibrant co-founder and CEO, Emad Mostaque, has relinquished his position, intensifying the strain on the embattled British AI startup. Facing a barrage of executive exits and financial woes, the company seeks a new trajectory under interim co-CEOs Shan Shan Wong and Christian Laforte,...

The day I reached the C-suite, a well-meaning CEO offered some advice, telling me not to expect fairness. Business isn’t fair. Life isn’t fair. After all, he hadn’t got there “by playing nice.” Do modern CEOs really succeed by engaging in manipulation, deceit or exploitation? While some may win short-term,...

In a surprising turn of events, global technology company Comtech has terminated its President and CEO, Ken Peterman, for reasons unrelated to business strategy or financial performance. The announcement was made through a news release on March 13. Following Peterman's dismissal, the company also announced that he would no longer...

In a strategic move aimed at reinforcing its position across Europe, white-label ETF issuer HANetf has named David O'Neill as its EU CEO. Based in Dublin, O'Neill will spearhead the firm's expansion efforts in Ireland and the broader EU market, succeeding Tim Darcy, who assumed the role of director of...

IGM Resins has announced the appointment of Boudewijn Morelissen as its new CEO, effective February 1, 2024. Morelissen assumes the position following Wilfrid Gambade, who served as CEO of IGM Resins since 2021 and will now transition to an advisory role on the Board of Directors. Morelissen brings extensive experience...

In a significant development, Birgitte Ringstad Vartdal, former Chief Executive of Golden Ocean, has been selected as the new CEO of Statkraft, Norway's largest utility, succeeding Christian Rynning-Tønnesen. Vartdal, previously serving as the Executive Vice President for the Nordics at Statkraft, will assume her new role as CEO on April...

Restaurant Brands International (RBI) has announced the appointment of Sami Siddiqui, former Tim Hortons Brand President, as its Chief Financial Officer amidst a series of changes in leadership roles within the company. Siddiqui will take over from Matt Dunnigan, who will be departing from the company. Siddiqui, who brings 11...

In a recent development, Logitech announced the impending departure of its Chief Financial Officer, Charles Boynton, scheduled for May. The Swiss-based company cited Boynton's departure as a result of pursuing a new career opportunity, with plans to unveil his successor at a later date. Boynton, who has held the CFO...

In a strategic move to bolster its financial leadership, Net Insight, a leading technology company, announces the appointment of Cecilia Höjgård Höök as its new Chief Financial Officer. This decision comes in the wake of the departure of the company's previous CFO, Joakim Schedvins. Bringing a wealth of experience from...