CEO Explainers

Delta Air Lines CEO Ed Bastian revealed on Wednesday that the recent IT outage, which left thousands of customers stranded, will cost the airline $500 million. This figure includes lost revenue and “tens of millions of dollars per day in compensation and hotel expenses” over a five-day period, aligning with...

Boeing has announced Kelly Ortberg as its new Chief Executive, selecting the former head of one of its suppliers to navigate the company through one of the most challenging periods in its history. Ortberg will commence his role on August 8 and join Boeing’s Board, concluding months of speculation following...

Robert Swaak will not serve his complete second term as CEO of ABN Amro, planning to step down in the first half of next year, according to an announcement from the bank on Thursday. The bank stated that the decision was mutually agreed upon, deeming it an appropriate moment to...

Industry veteran Manuj Agarwal has taken on a pivotal role by becoming the Chief Executive Officer of Eva Live, a leading IP and live event company. This marks a notable shift in the Indian live events and concerts sector, with Agarwal bringing extensive experience and leadership to the dynamic firm....

Prodapt, a leading provider of consulting, engineering, and transformation services in the telecom and technology sectors, recently announced a significant leadership change. The company has appointed Manish Vyas as its new Managing Director (MD) and Chief Executive Officer (CEO). Vyas succeeds Harsha Kumar, who will transition to an advisory role...

Helios Technologies has concluded an investigation and determined that Josef Matosevic breached company policy and exhibited behavior contrary to the company’s values and Code of Business Conduct and Ethics. This included a consensual personal relationship with an employee. The investigation found no financial misconduct or issues with the company’s financial...

Bernard Arnault, CEO of LVMH, has confirmed owning a small personal stake in Richemont, the Swiss luxury goods company known for brands like Cartier and Alaïa. He clarified that this investment is separate from LVMH's corporate strategy. This announcement comes as LVMH faces challenging financial results, with a 1 percent...

Iceotope, a global leader in Precision Liquid Cooling, has announced that CEO David Craig will retire effective September 30, 2024. Chief Commercial Officer Nathan Blom and Chief Financial Officer Simon Jesenko will jointly lead the company until a new CEO is appointed. David Craig will continue to advise and support...

Ahmad Fazril Mohd Fauzi has officially resigned from his role as Chief Financial Officer of Boustead Heavy Industries Corporation Bhd (BHIC). The announcement was made through a Bursa Malaysia Securities filing, where it was revealed that the 41-year-old is leaving to pursue other opportunities. However, details regarding his future endeavors...

Mark Fitzgibbon, who has been at the helm of NIB Holdings since 2002, will step down from his role as CEO on 1 September. Ed Close, currently heading the health insurer's ARHI division, is set to succeed him. Following the announcement of Fitzgibbon's retirement and Close's upcoming leadership, NIB Holdings...