CEO Explainers

Mulberry's share price has declined by 39% since January, reflecting a global downturn in the luxury sector, particularly due to reduced spending by Asian shoppers. Due to falling sales and a sharp decline in its share price, luxury giant Mulberry has decided to part ways with its Chief Executive Officer, Thierry...

China's financial interest in Latin America has waned since the late 2010s and shows no signs of recovery. A report by the Inter-American Dialogue and the Boston University Global Development Policy Center highlights this trend, noting that Chinese development finance institutions (DFIs) issued less than $1.5 billion in loans to...

Praveen P. Tipirneni, President and CEO of Morphic Holding, has engaged in notable stock transactions, as per a recent SEC filing. On July 8, 2024, Tipirneni sold 21,582 shares of common stock at prices ranging from $55.79 to $55.80, generating over $1.2 million. Concurrently, he acquired the same number of...

Finland-based metals producer Outokumpu Corp. has announced the appointment of Kati ter Horst as its President and CEO, effective October 9, 2024. Outokumpu had announced in early May that its current CEO, Heikki Malinen, intended to leave the firm to pursue a career opportunity outside the company. Malinen, who joined...

H.W. Kaufman Group announced on Tuesday the appointment of former American International Group Inc. executive Paul Greensmith as the CEO of H.W. Kaufman Group London, effective October. Greensmith will oversee Kaufman’s operations in the U.K., Europe, South America, and the Middle East. He will report to Jodie Kaufman Davis, Executive...

Despite facing significant economic challenges, South Africa remains the epicenter of Africa's banking industry. The six South African banks, led by the big four—Standard Bank Group, FirstRand, Absa Group, and Nedbank Group—comprise half of the continent's total asset and Tier 1 capital base. For the second consecutive year, South Africa's...

The World Bank's latest Global Economic Prospects report forecasts that the global economy will stabilize in 2024 for the first time in three years, though growth remains weak compared to recent historical standards. Global growth is expected to hold steady at 2.6% in 2024, increasing slightly to an average of...

Eric Grégoire has been appointed as the new CEO of Scandlines, effective July 8. The executive management team now includes CEO Eric Grégoire, COO Michael Guldmann Jensen, and CFO Mikael Koch. Grégoire previously served as CEO of Goodpack in Singapore and has a notable history in business process improvements with...

A recent economic analysis by Qatar National Bank (QNB) reveals that major ASEAN economies exhibit robust resilience to abrupt shifts in risk sentiment and capital flows. The focus was on Indonesia, Thailand, Malaysia, and the Philippines, examining their external vulnerabilities through their financing needs and foreign exchange (FX) reserves. Countries...

Bitfarms has announced the appointment of Ben Gagnon as its new Chief Executive Officer, signaling a strategic shift aimed at diversifying its operations beyond Bitcoin mining. Previously serving as Chief Mining Officer, Gagnon has been instrumental in Bitfarms' ascent within the Bitcoin mining sector. With his comprehensive experience, he is...