Banking and Finance

In a significant announcement, Ally Financial Inc. (NYSE: ALLY) revealed that Michael G. Rhodes is set to assume the role of Chief Executive Officer, commencing April 29, 2024. Simultaneously, Rhodes will join Ally's esteemed board of directors. Rhodes assumes leadership from Jeffrey J. Brown, who concluded his tenure in January...

The renowned UK-based fintech powerhouse, ieDigital, embarks on a transformative journey as it merges with two recently acquired entities, Abaka and Connect FSS, to forge a singular identity. The culmination of this strategic consolidation sees Rami Cassis, the current Executive Chairman, stepping into the role of CEO. Until now, the...

In a pivotal announcement, Nayara Energy unveiled Alessandro Des Dorides as the incoming Chief Executive Officer, effective April, succeeding Dr. Alois Virag, whose tenure culminates on March 31, 2024. Reflecting on Dr. Alois' tenure, Nayara Energy attributed his stewardship to the company's transformative journey and achievements. The downstream oil giant...

Delivery Hero SE (ETR: DHER) bids farewell to Emmanuel Thomassin, its esteemed Chief Financial Officer, as he embarks on a new professional endeavor. Thomassin, a cornerstone of Delivery Hero since January 2014, has been integral to the Company's financial stewardship and strategic trajectory. The announcement of his departure was initially...

As the curtains draw on his tenure, Wouter Kolk, the leading figure in Ahold Delhaize's European and Indonesian operations, has announced his departure by year's end, as stated by the group. Kolk's journey with Ahold commenced in 1991 as a management trainee, charting a dynamic course through various roles within...

The Good Glamm Group, South Asia's premier direct-to-consumer (DTC) beauty and personal care conglomerate, has announced the appointment of Kamal Lath as its Group Chief Financial Officer. With a distinguished academic background and over 23 years of global experience spanning diverse industries, Kamal brings a wealth of expertise in finance,...

After five years at the helm, Travis Perkins chief executive Nick Roberts has announced his decision to step down, pending the appointment of a successor. Roberts, who joined the company in July 2019, led Travis Perkins through the challenges of the COVID-19 pandemic, following a successful career at consulting engineer...

The Timken Company (NYSE: TKR) has revealed its leadership succession plan with the appointment of Tarak Mehta as the next President and Chief Executive Officer, effective September 5, 2024. With sales of $4.8 billion in 2023 and a global workforce of over 19,000 employees, Timken operates in 45 countries. Mehta,...

Over the weekend, a Bitcoin address ranked among the top five wealthiest in the cryptocurrency ecosystem transferred $6 billion worth of the asset to three newly created wallets, igniting speculation and interest within the crypto community. The transfer, facilitated by blockchain analytics firm Arkham, involved splitting the initial 94,500 BTC...

Investcorp has announced the appointment of Mr. Abbas Rizvi as its Group Chief Financial Officer, effective April 1st, 2024. Rizvi's appointment follows the decision of Investcorp's current CFO, Mr. Jan Erik Back, to retire. Rizvi expressed his honor and excitement in assuming the role of CFO, emphasizing his deep commitment...