CEO Explainers

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) reported a net profit of nearly $851.96 million for the full year of 2024, marking a 19.56% increase from the $712.6 million recorded in 2023. According to its latest financial report, the bank achieved a pre-tax profit (PBT) of $1.09 billion, reflecting...

Su Tong, founder and CEO of Hylink Digital Solutions, has stepped down from his role following allegations of market manipulation. Hylink, China’s largest independent full-service digital advertising agency and a publicly traded company on the Shanghai Stock Exchange confirmed his resignation. The company stated that the decision was made to...

Youngtimers has announced the appointment of Ben Cheng as its new Chief Executive Officer, succeeding Renger van den Heuvel. Cheng will be responsible for steering the company’s strategic direction and driving growth in the wake of its acquisition of C Capital Group. C Capital, an investment firm founded by Hong...

Telia Lietuva has announced that its CEO, Giedrė Kaminskaitė-Salters, has been appointed Vice President at the Swedish telecommunications firm Telia Company. Effective 1 February 2025, she will join the Group Executive Management team while continuing to lead Telia Lietuva. In her expanded role, she will oversee Telia’s Baltic markets. Telia...

DB Schenker has announced that Ralf Többe, the current Executive Vice President for Land Transport in the Germany/Switzerland region, will assume the role of CEO for the same region, effective 1 April 2025. Többe will replace Roland Dressler, who has chosen not to renew his contract in order to focus...

George Zhao has stepped down from his role as CEO of Honor, effective immediately, according to reports from Chinese media. While the company has not officially commented on the reasons for Zhao’s departure, media sources suggested that health concerns may have influenced his decision. The Honor Board of Directors has...

Atlantic Sea Farms, the leading seaweed farming company in the United States, has secured $3.8 million in equity funding to fuel its ongoing expansion and innovation initiatives. Alongside this milestone, a leadership transition has been announced: Briana Warner, who has served as CEO for the past five years, will take...

Nordnet Fonder has announced the appointment of Niklas Söderström as its new Chief Executive Officer. Söderström most recently served as CEO of Ruth Asset Management, where he has worked since 2021. His career includes senior roles within the Öhman Group and experience as a portfolio manager at the Third Swedish...

The Michaels Companies has announced the appointment of interim leaders to ensure seamless operations as the arts and crafts retailer continues its search for a new CEO. This leadership transition follows the departure of former CEO Ashley Buchanan, who stepped down on January 14 to assume the CEO role at...

The European Bank for Reconstruction and Development (EBRD) achieved a historic milestone in Central Asia in 2024, injecting $2.33 billion across 121 projects in six regional economies. This nearly doubled the Bank's annual investment in the region compared to 2023. Partnering with co-financiers, the EBRD mobilized an additional $808 million,...