archiveUltra Rich Insider

Markus Zetterström has taken the helm as CEO of Sinonus, a promising spinout from Chalmers University of Technology and KTH, which is part of the Chalmers Ventures portfolio. In his new role, Zetterström will steer the company towards commercializing its innovative carbon fiber technology that serves dual purposes as battery...

OpenDrives, a specialist in media and entertainment (M&E) software-defined storage, has appointed Sean Lee as its new Chief Executive Officer. Lee succeeds Izhar Sharon, who was appointed CEO in December 2022, to diversify the company's focus beyond its M&E niche—a strategy that has now been reconsidered. Sean Lee, who previously...

In a world where the necessity of remote work is transitioning from a temporary solution to a long-term remote/hybrid working strategy, businesses are continually seeking ways to optimize their operations and maintain a cohesive and productive workforce. My conversation with Marco Costa, CEO of Exclaimer, a leading email signature management...

Hock Tan, CEO of Broadcom Inc., led the Associated Press's executive compensation survey with a package valued at approximately $162 million. This includes stock awards worth $160.5 million granted on October 31, 2022, for Broadcom's 2023 fiscal year. Tan could potentially earn up to 1 million shares starting in fiscal...

Despite notable progress since joining the European Union, many Central and Eastern European (CEE) countries still rank in the bottom third of the new Prosperity Index published by Erste Group Research. The index assesses all 27 EU member states across five categories: Economy, Households, Society, Education, and Sustainability. The lower...

Angola, Botswana, Namibia, Zambia, and Zimbabwe are streamlining travel for foreign visitors by eliminating the need for separate visas. Authorities from these five countries have agreed to work on implementing a unified Schengen-style visa, as reported by VisaGuide.World. This single visa initiative will allow travelers to move freely among Angola,...

In the past year, 92% of US households have faced rising living costs due to increased food and utility expenses. Most households reported higher food bills, driven by supply chain disruptions, inflation, and labor shortages. Additionally, 65% of households noted a rise in gas or electricity bills. This increase is...

Marks & Spencer (M&S) has announced Alison Dolan as its new Chief Financial Officer, following the retailer's impressive profit performance and the declaration of its first yearly dividend since 2019. Dolan, transitioning from her role at the real estate portal Rightmove, will succeed interim CFO Jeremy Townsend, who will remain...

UiPath shares plummeted over 30% on Wednesday following the announcement that CEO Rob Enslin will resign effective June 1. Co-founder Daniel Dines, who stepped down as co-CEO on January 31, will assume the CEO role once again. Enslin expressed confidence in UiPath's future in the AI and automation market, noting...

Lars-Christian Svensen is stepping down as the Chief Executive of John Fredriksen-backed dry bulk company Golden Ocean Group (NASDAQ: GOGL). Svensen, who initially stepped up as interim head in June last year and took on the permanent CEO role in January, has decided to pursue new opportunities, as announced by...