CEO Explainers

Finnish telecom giant Nokia has revealed that CEO Pekka Lundmark will be stepping down, with Justin Hotard set to take over the role. Hotard, currently serving as Executive Vice President and General Manager of the Data Center & AI Group at Intel, will officially assume the position on April 1....

Vietnam has been ranked sixth among 13 countries and territories identified as top investment destinations for the next 12 months, according to the 28th Annual Global CEO Survey - Asia-Pacific Region published by consultancy PwC. CEOs from companies planning to allocate capital overseas in the coming year indicated that the...

Korn Ferry (NYSE: KFY) has announced in a regulatory filing that Mark Arian, the company’s CEO of consulting, passed away on February 6. In the filing, the company acknowledged Arian’s dedication, leadership, and contributions, describing them as invaluable. It expressed deep sorrow over his passing and extended heartfelt condolences to...

Culina Group has announced the appointment of Liam McElroy as its new Chief Executive Officer (CEO), while Fabian Koehler, the company’s Chief Strategy Officer, has been named Deputy Group CEO. McElroy, who has held senior positions in the logistics and travel sectors at companies such as GXO, Swissport, Wincanton, and...

Metsäliitto Cooperative has announced the appointment of Jussi Vanhanen, LLM, MBA, as its new CEO. In addition to this role, he will also serve as the President and CEO of Metsä Group, officially assuming his new responsibilities on July 1, 2025. Until then, Ilkka Hämälä will continue in the position...

Rejlers has confirmed the appointment of Ragnar Holtan as the permanent CEO of its Norwegian division. Holtan, who has been serving as acting CEO since October 2024, will now officially lead the company forward. At 41, Holtan brings a wealth of industry expertise. Holding a Bachelor's degree in Maritime Electro...

GlobalFoundries (Nasdaq: GFS) (GF) has unveiled a significant leadership transition following an extensive succession planning process. The company’s Board of Directors has appointed Dr. Thomas Caulfield as Executive Chairman and Tim Breen as Chief Executive Officer, effective April 28, 2025. Caulfield takes over from Ahmed Yahia, who is stepping down...

NTT DATA has announced the appointment of Sudhir Chaturvedi as its Global Chief Growth Officer and CEO of North America operations. In this newly established role, Chaturvedi will be responsible for driving global growth strategies across key industries and strategic accounts while working closely with partners to enhance market execution....

The World Bank’s Business Ready Project (B-READY) has analyzed 50 economies, assessing regulatory effectiveness, governance quality, and service delivery efficiency in property registration, building permits, and environmental clearances under the Business Location category. The findings indicate that economies excelling in this area share common traits, including strong property rights, efficient...

The UN Türkiye Joint Program on the Transformative Growth of the Care Economy in Türkiye, funded by the Joint SDG Fund, was officially launched on February 5 in Ankara. Designed to strengthen Türkiye’s care economy, the initiative aims to promote inclusive growth and accelerate progress on the Sustainable Development Goals...