Banking and Finance

Prometheus Hyperscale, a developer of sustainable data center infrastructure, has appointed former BP CEO Bernard Looney as its chairman. Looney, who departed BP in September 2023, joins the company as it pursues ambitious plans to build a 1GW hyperscale data center campus in Wyoming. Looney explained on LinkedIn that he...

Subway, one of the world’s largest restaurant chains, has announced that Global Chief Executive Officer (CEO) John Chidsey will retire at the close of 2024, concluding five years of transformative leadership. During this period, the company saw substantial growth and innovation under his guidance. Carrie Walsh, currently serving as President...

Samsung Electronics announced significant leadership changes within its semiconductor division on November 27, reshuffling top executives in its memory and foundry units. Despite these changes, Vice Chairmen Jun Young-hyun and Han Jong-hee will continue to share leadership responsibilities. This reorganization, part of Samsung’s annual executive overhaul for 2025, is designed...

Mondee Holdings, Inc. (Nasdaq: MOND), a prominent travel marketplace and AI technology firm, disclosed that it has received a notification from the Nasdaq Stock Market’s Listing Qualifications Department. The notice, dated November 20, 2024, indicated non-compliance with Nasdaq Listing Rule 5250(c)(1), which mandates timely filings with the U.S. Securities and...

Wipro has announced the appointment of Omkar Nisal as the Chief Executive Officer of its Europe Strategic Market Unit (SMU), with his new role taking effect immediately. Nisal will report directly to Srini Pallia, Wipro’s Chief Executive Officer and Managing Director, and will also become a member of the Wipro...

Circana, a top advisor on consumer behavior, has announced that Stuart Aitken will assume the role of President and CEO starting January 1, 2025. He will replace Kirk Perry, who has chosen to step down but will continue to serve on the Circana Board of Directors. Alongside his new role,...

HSBC Innovation Banking UK has announced the appointment of Emily Turner, a former Citi executive, as its new CEO. She will take on the role starting February 2025. Turner will succeed Erin Platts, who is set to step down in December to assume the CEO position at Octopus Ventures, a...

Bjørn Ivar Moen has announced that he will step down as CEO of Telenor Sweden at the end of the year. The company indicated that a new CEO will be appointed soon, with recruitment efforts already in progress. Reflecting on his tenure, Moen acknowledged the past three years as a...

The Michaels Companies, Inc. recently announced that Ashley Buchanan will step down as Chief Executive Officer and member of the Board of Directors, with his departure effective January 15, 2025. The search for a successor is already underway, with the Board of Directors enlisting the assistance of Spencer Stuart, a...

MultiChoice CEO Marc Jury has announced that he will be stepping down from his role at the South African pay-TV operator at the end of March 2025. Jury, who has held the CEO position for approximately 18 months, transitioned to the role from his previous position as CEO of SuperSport,...