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CEO Explainers

China Vanke Faces Turmoil as Leadership Steps Down Amid Record Loss Forecast

China Vanke, one of the nation’s prominent property developers, announced that its Chairman, Yu Liang, and CEO, Zhu Jiusheng, have stepped down as the company projected a record $6.2 billion net loss for 2024. The announcement has heightened concerns about the company's liquidity, which has been under increasing scrutiny. Yu...
CEO ExplainersCEO Perspectives

Techcombank Posts Strong 2024 Growth with Sharp Stock Increase, Eyes Expansion Amid Economic Uncertainty

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) reported a net profit of nearly $851.96 million for the full year of 2024, marking a 19.56% increase from the $712.6 million recorded in 2023. According to its latest financial report, the bank achieved a pre-tax profit (PBT) of $1.09 billion, reflecting...
CEO Explainers

Ferenc Szarvas Appointed CEO of MAVIR

The Supervisory Board of MAVIR, Hungary’s electricity transmission system operator (TSO), has announced the appointment of Ferenc Szarvas as Chief Executive Officer, effective January 1, 2025. Alongside his new role, Szarvas has also been elected as a member of the Board of Directors. Ferenc Szarvas, an accomplished economist, brings extensive...
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