archiveChief Research Officer Insider

Starbucks (SBUX) intends to continue expanding its presence in California as the state implements a new, higher minimum wage. Starbucks CFO Rachel Ruggeri expressed the company's strong commitment to its markets and businesses, including its real estate holdings in California. California's FAST Act, which raises the starting wage for fast...

As of November 3, 2023, Antti Herlin was the wealthiest person in Finland, with an estimated net worth of 3.7 billion U.S. dollars, followed by Heikki Kyostila (No. 2, $2.0 billion), Mika Anttonen (No. 3, $1.9 billion); and Ilkka Herlin (No. 4, $1.5 billion). Ilona Herlin is the fifth-richest person in Finland, with a whopping $1.4...

As of November 3, 2023, Anders Holch Povlsen was the wealthiest person in Denmark, with an estimated net worth of 6.6 billion U.S. dollars, followed by Agnete Kirk Thinggaard (No. 2, $6.6 billion), Kjeld Kirk Kristiansen (No. 3, $6.6 billion); and Sofie Kirk Kristiansen (No. 4, $6.6 billion). Thomas Kirk Kristiansen...

As of November 3, 2023, Nassef Sawiris was the wealthiest person in Egypt, with an estimated net worth of 6.7 billion U.S. dollars, followed by Mohamed Mansour (No. 2, $3.6 billion), Naguib Sawiris (No. 3, $3.3 billion). Youssef Mansour is the fourth-richest person in Egypt, with a whopping $1.5 billion. Yasseen Mansour, with a...

SpaceX CEO Elon Musk announced on Thursday that the company's Starlink satellite internet division has achieved breakeven cash flow. Musk shared the news on his social media platform, X (formerly known as Twitter), and commended the team for their excellent work. However, he did not specify whether this was achieved...

The new CEO of FMCG giant Unilever has unveiled a fresh strategy aimed at achieving "faster growth," acknowledging that the company has "underperformed" in recent times. Hein Schumacher, who took over from his predecessor Alan Jope in January, presented these plans to shareholders on October 26th. Unilever's strategy is of...

When 3G Capital announced its acquisition of Hunter Douglas in late 2021, Reuters Breakingviews column was quick to report “it’s classic 3G.” The casual observer might not immediately see the significant similarities between Burger King — one of the most successful fast-food businesses in the world — and Hunter Douglas,...

Staffan Kullberg, who has been serving as the Chief Financial Officer of Scandinavian Enviro Systems since September 2022, has notified the Swedish pyrolysis tire recycling specialist of his intention to leave Enviro in order to accept a position at a company in his hometown of Stockholm. Mr. Kullberg will continue...

Hengde Qin has been appointed as the new Chief Financial Officer of Syngenta Group, effective from December 1, 2023, as announced in a press release on October 20. Hengde Qin will take over the role of CFO from Chen Lichtenstein, who has been in this position since the creation of...

Since Thursday, billionaire Elon Musk has experienced a reduction in his fortune of more than US$22 billion due to Tesla's disappointing third-quarter financial results, which hurt stock prices. The decrease in net worth to $204 billion is monumental, and further reduces the wealth gap between Musk and Bernard Arnault, the...