CEO Explainers

American Express has partnered with Ecobank to significantly broaden the acceptance of its cards in 21 African nations. This strategic alliance, announced during the African Development Bank's annual meetings in Nairobi, introduces American Express card usage to 12 new countries: Burundi, Central African Republic, Gabon, Guinea-Bissau, Liberia, Malawi, Mali, Niger,...

Norwegian dry bulk operator Western Bulk Chartering has appointed Torbjørn Gjervik as its new CEO, effective September 1, 2024. Gjervik will succeed Ørjan Svanevik, who has been serving as interim CEO since March. Svanevik, formerly a director and COO at Setankers Management, joined Western Bulk's board last August and stepped...

AI-driven influencer marketing platform Humanz has named Liran Liberman as its new CEO. Liberman, who previously served as the company's Chief Revenue Officer, played a pivotal role in Humanz's revenue growth and the establishment of its U.S. operations over the past year. This leadership change coincides with outgoing CEO Liav...

Australian gambling services firm Tabcorp Holdings (TAH.AX) has named Gillon McLachlan, the former head of the Australian Football League (AFL), as its new chief executive and managing director. This appointment comes after the resignation of former CEO Adam Rytenskild, who left amid allegations of using offensive and inappropriate language at...

Nuveen, the investment management arm of TIAA, has appointed William Huffman as the new Chief Executive Officer. Huffman, who previously served as president of Nuveen Asset Management and head of equities and fixed income, takes over from former CEO Jose Minaya. Before joining Nuveen in 2008, Huffman was the CEO...

One of the challenges faced by small to medium-sized businesses is maintaining sufficient cash flow. Businesses must receive customer payments on time in order to pay suppliers on time. They may also have difficulty securing loans and lines of credit that allow them to keep sufficient cash on hand. Digital...

The unexpected victory of President-elect Claudia Sheinbaum has triggered a significant decline in the Mexican peso, impacting the fortunes of the country's wealthiest business figures. Since the June 2 election, the combined net worth of five Mexican billionaires, including Carlos Slim and German Larrea, has plunged by $16 billion, totaling...

Aliko Dangote, founder of the Dangote Group and Africa's richest man, has announced plans to establish a major steel production company. This development was revealed during his speech on Wednesday at the Afreximbank Annual Meetings (AAN) and AfriCaribbean Trade & Investment Forum in Nassau. Dangote emphasized the importance of domestic...

Vasiliki Petrou, the founding CEO of Unilever’s Prestige division, has announced her departure from the company. Petrou, who established Unilever Prestige in 2014, led the acquisition of 10 brands, including K18, contributing to a portfolio that achieved $1.5 billion in turnover in 2023. Notably, brands like Dermalogica and Paula’s Choice...

Swiss dairy leader Emmi Group has announced its plan to purchase Lucerne-based coffee roaster Hochstrasser, aiming to enhance its Emmi Caffè Latte ready-to-drink (RTD) coffee line. Since 2004, Hochstrasser has been the coffee supplier for Emmi Caffè Latte, which is available in seven European markets, including Switzerland, France, and the...