Banking and Finance

Merchants Fleet announces the forthcoming retirement of Brendan P. Keegan, its esteemed Chairman, CEO, and President, effective May 17, 2024. Keegan's decision to retire signifies a transition towards pursuing his diverse passions while retaining his position as the company's third-largest shareholder and staunchest supporter. In the wake of Keegan's departure,...

Virgin Money, a UK bank in which British billionaire Richard Branson owns a 14.5% stake, has received a takeover bid of £2.9 billion from banking rival Nationwide Building Society. If the deal is successful, Branson could receive a personal cash windfall of at least £420 million ($539 million). However, there...

According to recent CEOWORLD magazine reports, Ray Dalio's hedge fund, Bridgewater Associates, has invested in several stocks. As of the end of the fourth quarter of 2023, the company reported owning 214,126 shares of Exxon Mobil Corp (NYSE: XOM), worth $21,4 million. Another company on the list is Aon PLC...

US President Joe Biden has recently proposed a new tax plan that would require individuals with a net worth of over $100 million to pay a minimum of 25% in taxes. This tax plan is projected to generate an estimated $500 billion in revenue over the next decade. In addition...

Rotate, the software and strategy consulting company specializing in air cargo, has announced the appointment of Ryan Keyrouse as its new Chief Executive Officer, effective March 1, 2024. Keyrouse, a co-founder of Rotate alongside Gert-Jan Jansen, steps into this leadership role as Jansen transitions to the board as Executive Director...

According to Bloomberg, the Mohegan Tribal Gaming Authority has appointed Ari Glazer, formerly of the banking group Citi, as its Chief Financial Officer. The United States-based casino group, operating as Mohegan Gaming & Entertainment, has chosen not to comment on the matter. Carol Anderson, the previous CFO, announced her departure...

Kjell Group has named Thomas Pehrsson as its new Chief Financial Officer and a member of the group management, effective April 15, 2024. Thomas brings with him extensive experience, having previously served as CFO and Deputy CEO at CDON AB. Operating online in Sweden, Norway, and Denmark, as well as...

Vale's Board of Directors, in collaboration with CEO Eduardo de Salles Bartolomeo, has opted to extend his current mandate until December 31st, 2024, while simultaneously commencing the succession process in accordance with Vale's CEO Succession Policy. Furthermore, it has been agreed that Bartolomeo will facilitate the transition to new leadership...

Following the departure of CEO Kelly Bayer Rosmarin in the aftermath of a significant outage, Lambo Kanagaratnam, Managing Director of Networks at Australian operator Optus, has resigned from the company, as reported by The Sydney Morning Herald. The newspaper disclosed details from an internal memo circulated among Optus staff, revealing...

Hitachi Energy has revealed that Andreas Schierenbeck will take the helm as the new Chief Executive Officer, commencing his role on July 1, 2024. Claudio Facchin, the current CEO, will step down from his position at the end of June 2024. Andreas will collaborate closely with the Hitachi Energy Board,...