CEO Explainers

Bendigo and Adelaide Bank has promoted Richard Fennell to the roles of CEO and Managing Director, effective from 31 August, following Marnie Baker's departure. Following the announcement of this leadership change, Bendigo and Adelaide Bank's shares saw a decline. The bank's shares dropped by 2.1%, reaching $11.18 by early afternoon....

Foreign Direct Investments (FDI) into the ASEAN economies of Indonesia, Malaysia, the Philippines, Thailand, Singapore, and Vietnam surged to US$236 billion in 2023, significantly higher than the annual average of $190 billion recorded between 2020 and 2022. Southeast Asia has become a preferred destination for companies diversifying their production away...

The EUROJET Consortium has announced the appointment of Ralf Breiling as the new Chief Executive Officer of EUROJET Turbo GmbH, effective July 1, 2024. Breiling, who will take over from the retiring Gerhard Bähr, brings over 30 years of experience in the aerospace industry. The EUROJET consortium, responsible for managing...

Kambi Group plc's Board has named Werner Becher as the new Chief Executive Officer, effective July 25, following the release of the company's Q2 2024 report. Becher succeeds Kristian Nylén, bringing extensive experience in sports betting and technology sectors. Upon joining Kambi, Becher will focus on sustaining the company's success...

India is rapidly closing the gap with China and Vietnam in the realm of mobile phone exports. While China still leads, India is making significant strides. Chinese exports declined by 2.8% to $132.5 billion in FY24, and Vietnam experienced a more substantial drop of 17.6% to $26.27 billion. In contrast,...

Brambles, a prominent logistics company, has revealed that Xavier Garijo, CEO of its subsidiary CHEP Americas, will depart the organization after a brief six-month tenure due to cultural misalignments. Garijo took the helm at CHEP Americas in January, a newly established role where he managed Brambles' operations across the Americas. This...

Asia's manufacturing sector saw robust growth in June, driven by strong global economic momentum and improved semiconductor output prospects, according to surveys released on Monday (Jul 1). This positive trend offers some optimism that the region can withstand the impact of weak Chinese demand. However, rising costs presented challenges for...

S&P Global has announced the appointment of Martina Cheung as CEO, effective November 1. Cheung, a 14-year veteran of the company with various leadership roles, will succeed Douglas Peterson, who has served as CEO since 2013. In addition to her CEO role, Cheung will also serve as the company's President...

Verbit has announced the appointment of Yair Amsterdam as its new CEO. Amsterdam, who had been serving as interim CEO since February, previously held the roles of COO and President since 2022. Expressing his commitment to the role, Amsterdam stated that he is honored to serve as Verbit's CEO. He...

Lidl Austria has announced the appointment of Michael Kunz as its new CEO, effective August 1, 2024. Kunz will succeed Alessandro Wolf, who will transition to the role of divisional director at the Lidl Foundation in September 2024. As Alessandro Wolf moves to his new position, he will oversee multiple...