CEO Explainers

On Monday, WiseTech Global revealed it was investigating several issues related to its CEO following media allegations about his personal life, including claims involving financial arrangements with a former intimate partner. This announcement triggered an 18% drop in the company’s share price. Several media outlets, including the Australian Financial Review,...

Thailand has expressed its intention to join the BRICS group, which was originally founded by Brazil, Russia, India, China, and South Africa. The group recently expanded, adding Saudi Arabia, Egypt, the United Arab Emirates, Iran, and Ethiopia to its ranks. This year, Russia, the host of the BRICS summit, extended...

Stillfront has parted ways with its founder and CEO, Jörgen Larsson, as the company embarks on a search for new leadership. In the interim, Alexis Bonte, the former president of publishing and business acceleration, has been appointed as acting CEO while the board of directors initiates the recruitment process for...

Volvo Cars is revamping its commercial business structure to streamline operations, enhance collaboration, and accelerate decision-making. The move is aimed at reducing complexity and fostering a more agile work environment. According to a company statement, Annwall, who has been with the automaker for nearly a decade and held his current...

Lyttle has announced his intention to step down from his position, though he plans to collaborate with the leadership team and board during the search for his successor over the coming months. Reflecting on his tenure, Lyttle expressed pride in leading the company over the past five years, emphasizing the...

Nigerian business tycoon Aliko Dangote has seen his fortune grow substantially, rising from $13 billion to $27.8 billion following the launch of his new refinery in Lagos. This significant increase in wealth has further cemented his position as Africa's richest man and elevated him to 65th place on the global...

The Financial Industry Regulatory Authority (FINRA) has issued fines against Investment Network, Inc. (INI) and its CEO, Gary L. Arnold, following findings of misconduct related to the sale of private placement offerings of pre-initial public offering (pre-IPO) funds to retail customers. These violations occurred between October 2020 and May 2021....

Rose Acre Farms, based in Seymour, Indiana, has appointed Tony Wesner as its new Chief Executive Officer and Chairman of the Board of Directors. Wesner, who previously held the position of Chief Operating Officer, succeeds Marcus Rust, who will move into an advisory role as the company’s Chief Visionary Officer....

Mark Koziel, CPA, CGMA, has been named the next CEO of AICPA & CIMA, which jointly operate as the Association of International Certified Professional Accountants. His appointment follows a global search for a successor to Barry Melancon, CPA, CGMA, the longest-serving CEO in AICPA's history, who announced his retirement earlier...

The Tokyo Stock Exchange (TSE) is shifting its focus toward fostering meaningful communication between companies and investors rather than dictating how businesses should operate, according to its head. On Thursday, Hiromi Yamaji, CEO of Japan Exchange Group, which manages the TSE, stated during a press briefing in Tokyo that the...