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On Thursday, Japanese conglomerate Seven & i Holdings unveiled its latest strategy, emphasizing the growth of its core 7-Eleven convenience store chain while sidestepping any discussion of the $47 billion acquisition proposal from Canada’s Alimentation Couche-Tard. During an investor presentation, the company outlined its plan to divest underperforming segments and...

Lifestyle and Travel

Ford CEO Jim Farley Test Drives Xiaomi’s Electric Sedan, Impressed with Chinese Competitors

Lifestyle and TravelAnna Siampani

Jim Farley, CEO of Ford, recently revealed that he has been test-driving a vehicle from Xiaomi, a Chinese consumer electronics company that has ventured into the electric vehicle market. Farley explained that although he usually prefers not to discuss competitors, Ford imported a Xiaomi SU7 from Shanghai to Chicago, and...

CEO Explainers

Metso Appoints Sami Takaluoma as New President and CEO, Effective November 2024

CEO ExplainersAnna Siampani

Metso’s Board of Directors has announced the appointment of Sami Takaluoma as the company’s next President and CEO, with his tenure set to begin on November 1, 2024. The current President and CEO, Pekka Vauramo, will remain with Metso until the end of 2024, as per his contractual agreement, to...

Lifestyle and Travel Money and Wealth

Hundred Teams Attract Over $840 Million in Bids from Chelsea Director, Glazer Family and Indian billionaires as Sale Process Heats Up

Lifestyle and Travel Money and WealthAnna Siampani

The eight franchises in the Hundred have collectively been valued at more than $841 million following the first phase of their sale process. High-profile individuals, including a director from Chelsea, Indian billionaires, and members of the Glazer family, have all shown significant interest in the bids. The initial round of...

CEO Explainers Special Reports

IMF Reaffirms India’s Strong Growth Amid Global Uncertainties Projecting 7% Expansion for FY25

CEO Explainers Special ReportsAnna Siampani

The International Monetary Fund (IMF) has upheld its growth forecast for India, projecting a 7% expansion for FY25 and maintaining its estimate of 6.5% for FY26. These predictions were outlined in the IMF's latest "World Economic Outlook" report. This 7% growth estimate marks a slight improvement of 0.2 percentage points...

CEO Explainers

HSBC’s CEO Pushes Rapid Overhaul Amid Uncertainty

CEO ExplainersAnna Siampani

HSBC's new CEO, Georges Elhedery, has launched the bank’s most significant restructuring in over a decade, leaving employees and investors seeking clarity on crucial details. The overhaul, which includes merging two of the bank’s largest divisions and eliminating some longstanding regional units, did not provide specifics on potential job cuts...

CEO Opinions

KPMG Survey: 68% of CEOs Expect Their Companies To Expand Over the Next 3 Years

CEO OpinionsAnna Siampani

KPMG's latest CEO survey uncovers an optimistic outlook among global business leaders, with a strong focus on growth despite economic challenges. The report indicates that private company CEOs are prioritizing investments in Generative AI, positioning it as their key driver for future success. According to the survey, 68% of CEOs...

Big Business CEO Opinions

Nvidia CEO Jensen Huang at the Gartner IT Symposium Predicts AI Will Drive a New Industrial Revolution

Big Business CEO OpinionsAnna Siampani

Nvidia CEO Jensen Huang has expressed his belief that the world is on the brink of a new industrial revolution, one that will be driven not by steam or electricity, but by artificial intelligence (AI). Speaking at the Gartner IT Symposium, Huang shared his views on the future trajectory of...

CEO Explainers

Quorn Eyes Revival Amid Leadership Change, Bringing Former Heineken UK Executive to Serve as CEO

CEO ExplainersAnna Siampani

The UK’s leading meat-free business is looking to rebound from a difficult period with fresh leadership, appointing former Heineken UK executive David Flochel as its new CEO. Flochel will succeed Marco Bertacca, who has led the company since January 2020 and will begin his role next month. The two will...

Special Reports

NDB’s Role in Driving Growth and Sustainability in Emerging Markets

Special ReportsAnna Siampani

The New Development Bank (NDB) is set to intensify its support for economic development in emerging economies while tackling critical challenges like climate change, according to its president, Dilma Rousseff. She emphasized that the bank’s growing membership will further enhance its capacity to foster progress. Rousseff, speaking after receiving China’s...

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CEOWORLD magazine

Seven & i Holdings Charts Future Strategy, Steers Clear of Takeover Talks

Ford CEO Jim Farley Test Drives Xiaomi’s Electric Sedan, Impressed with Chinese Competitors

Metso Appoints Sami Takaluoma as New President and CEO, Effective November 2024

Hundred Teams Attract Over $840 Million in Bids from Chelsea Director, Glazer Family and Indian billionaires as Sale Process Heats Up

IMF Reaffirms India’s Strong Growth Amid Global Uncertainties Projecting 7% Expansion for FY25

HSBC’s CEO Pushes Rapid Overhaul Amid Uncertainty

KPMG Survey: 68% of CEOs Expect Their Companies To Expand Over the Next 3 Years

Nvidia CEO Jensen Huang at the Gartner IT Symposium Predicts AI Will Drive a New Industrial Revolution

Quorn Eyes Revival Amid Leadership Change, Bringing Former Heineken UK Executive to Serve as CEO

NDB’s Role in Driving Growth and Sustainability in Emerging Markets

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