CEO Explainers

The Supervisory Board of MAVIR, Hungary’s electricity transmission system operator (TSO), has announced the appointment of Ferenc Szarvas as Chief Executive Officer, effective January 1, 2025. Alongside his new role, Szarvas has also been elected as a member of the Board of Directors. Ferenc Szarvas, an accomplished economist, brings extensive...

Quantum-computing stocks suffered a dramatic sell-off following remarks by Nvidia CEO Jensen Huang, who suggested that practical applications of the technology remain decades away. Huang estimated that "very useful" quantum computers could become a reality within 20 years, a timeline that appears to have rattled investors. Shares of Rigetti Computing...

CM Biomass, a global leader in wood pellets and biomass supply, has announced the appointment of Simon Plagborg as its new CEO, effective January 6, 2025. Since December, the company’s interim CEO role had been held by Ask Michael Munck, who will now return to his position as Group CFO....

Liberty Media has revealed that Derek Chang will take the reins as president and CEO, ushering in a new chapter for the media giant behind Formula 1. Chang is set to officially begin his tenure on February 1, 2025, with current chairman John Malone filling the role temporarily until then....

Davies, a global professional services and technology firm, has elevated Matt Button to the role of Deputy Group Chief Executive Officer (CEO), effective January 1, 2025. Button will report directly to Group CEO Dan Saulter and will oversee the daily leadership of Davies’ three go-to-market business units, including operations, sales,...

Solifi, a fintech company specializing in cloud-based software solutions for the asset-based finance and leasing sectors, has announced the appointment of Dan Corazzi as its new CEO, effective January 13. Current CEO David Hamilton will transition to the role of chairman after leading the company for over seven years. Corazzi...

Global Sian Motors, a subsidiary of Bugshan Automotive Group and the exclusive importer of Changan vehicles in Morocco has appointed Saad Menioui as its new CEO. The company attributed his promotion to his significant contributions to the development of the Hyundai brand in North Africa, emphasizing his 14 years of...

Jorge Tamarit Degenhardt has been named the new Chief Executive Officer of Eurofighter Jagdflugzeug GmbH, the organization behind the Eurofighter Typhoon program. Selected by the consortium's shareholders, he steps into the role as part of the company’s Board of Management. A dual citizen of Spain and Germany, Jorge brings over...

Billionaire wealth worldwide surged to unprecedented levels in 2024, with the collective fortunes of the globe’s 500 wealthiest individuals increasing by $1.5 trillion to approximately $10 trillion. The rise marked the end of a three-year decline, with significant contributions from the tech sector and China’s recovering economy. Elon Musk retained...

Ulta Beauty, the largest specialty beauty retailer in the United States, has announced that Dave Kimbell will step down as Chief Executive Officer and resign from the company’s Board of Directors after 11 years with the organization. Kimbell, who has served as CEO since 2021, will transition to an advisory...