CEO Explainers

The BRICS alliance has extended official invitations to two new countries for the 2024 BRICS summit. Venezuela and Bolivia, both of which formally submitted their applications earlier this year, are the first nations to be invited to join the group. The 16th BRICS summit is scheduled to take place from...

Canada’s Lassonde Industries has announced a significant leadership transition as part of a broader reshuffle at the top of the agri-food company. The company, known for its diverse portfolio of food and beverage products, has named Vince Timpano, the current President and Chief Operating Officer, as the new CEO, effective...

Cecilie Bahnsen, the Danish ready-to-wear fashion label celebrated for its distinctive sculptural silhouettes and delicate feminine details, has announced a significant leadership change. Effective September 1, Mie Marie Ejdrup will take over as the new chief executive officer, succeeding Kristine Hannah Loebner, who is stepping down from her role as...

Meriaura Group is undergoing a significant leadership transition as CEO Kirsi Suopelto has announced her resignation, leaving the Finnish maritime company to pursue new career opportunities. Her departure marks the end of a pivotal era at Meriaura, where she played an instrumental role in steering the company through its integration...

Global stock markets made significant gains on Friday, following a strong rally on Wall Street the previous day. This upturn came as a positive report on U.S. unemployment alleviated some concerns about an economic slowdown. European markets opened higher, recovering nearly all the losses suffered during the week’s global market...

The Philippine economy experienced a stronger-than-expected expansion in the second quarter of 2024, driven by increased government spending and investments, which helped counterbalance sluggish consumer spending due to rising inflation. According to the Philippine Statistics Authority, the country's Gross Domestic Product (GDP) grew by 6.3% from April to June compared...

Romania continues to rank as one of Europe's most affordable countries for new housing, securing the third spot after Bosnia and Herzegovina and Greece, according to the latest Deloitte Property Index. The Deloitte Property Index, now in its 13th edition, offers an in-depth analysis of the residential real estate market...

After two years at the helm, Rajalingam Subramaniam, widely recognized in Malaysia’s shipping industry as Captain Raja, has decided to step down from his role as president and CEO of MISC Berhad, the nation’s leading shipping company. This unexpected decision marks a significant leadership transition for one of the world’s...

Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, has announced that its Board has appointed Matti Shem Tov, former CEO of ProQuest, as the company’s next CEO, effective August 9, 2024. In addition to his role as CEO, Shem Tov will join Clarivate’s Board of Directors. Jonathan...

The Everen Group, a consortium of leading energy insurance companies, has announced the appointment of Robert Foskey as its new President and Chief Executive Officer, effective August 5, 2024. Foskey brings a wealth of experience and a proven track record within the Everen Group, positioning him to guide the company...