Codelco, Chile's state-owned copper giant, faces another challenge as its Chief Financial Officer, Alejandro Rivera, resigns amidst declining profits and increasing debt levels caused by slumping output. Rivera's resignation follows Moody's Investors Services cutting Codelco's investment-grade credit rating by one notch, leading to a drop in bond prices. This development...

Pathward Financial has officially announced the appointment of Greg Sigrist as the Executive Vice President and Chief Financial Officer, effective from November 1, 2023. Following the filing of the Company's Form 10-K for the fiscal year 2023, Mr. Sigrist will transition to the role of EVP and CFO, succeeding Glen...

Wefox has announced the appointment of Jonathan Wismer as its new Group Chief Financial Officer, while co-founder and current CFO Fabian Wesemann will assume the role of Chief Investment Officer. Wismer will join the company's executive team and report to Julian Teicke, the founder and CEO of Wefox. Jonathan Wismer...

Ascot Group, the insurance firm, has appointed Mark Wilcox as its new Group Chief Financial Officer, effective from November 8, 2023. He will report to the Group CEO and President, Jonathan Zaffino. Mark Wilcox comes to Ascot from Selective Insurance Group, where he held the position of Executive Vice President...

Air France-KLM is set to acquire a 19.9 percent equity stake in the Scandinavian airline SAS. SAS recently revealed that it is assessing multiple investment offers, as the company faces financial difficulties and is currently undergoing Chapter 11 bankruptcy protection proceedings in the United States. In addition to Air France-KLM's...

Reputation officially appointed Joe Burton as its Chief Executive Officer, with effect from October 5, 2023. This appointment follows an extensive search for a successor to Joe Fuca, who will transition to a role as a member of the Board of Directors and continue to support Reputation during its next...

Rolls-Royce has announced that its long-serving CEO, Torsten Muller-Otvos, will retire on December 1st after 14 years at the helm. He will be succeeded by Chris Brownridge, who is currently the CEO of BMW UK. Brownridge said, “I’m both honored and humbled by my new appointment. To be invited to...

Global tour operator Collette has announced the appointment of Jaclyn Leibl-Cote as the new Chief Executive Officer. She assumes this role, becoming the fourth CEO in the company's 106-year history and, notably, the first woman to hold this position. In her new capacity, Leibl-Cote will lead both Collette's Executive and...

Andres Manuel Lopez Obrador's administration's unilateral choice to modify how airports collect service fees has made one of the wealthiest men in Mexico, Fernando Chico Pardo - the biggest immediate loser. Fernando Chico Pardo, creator of the private equity firm Promecap, is the owner of 23.2% of Grupo Aeroportuario del...