The Board of Directors of Airbus SE has announced plans to propose the renewal of Guillaume Faury’s role as Executive Board member and Chief Executive Officer at the 2025 Annual General Meeting. Alongside this proposal, Airbus revealed an upcoming leadership transition in its Commercial Aircraft division. Lars Wagner, currently CEO...

In a sweeping move aimed at reinvigorating his ambitious turnaround strategy, Societe Generale's Chief Executive Officer Slawomir Krupa has restructured the executive leadership. The significant shift sees long-standing executives Deputy CEO Philippe Aymerich, CFO Claire Dumas, and French retail banking head Marie-Christine Ducholet stepping down, as confirmed by the bank...

Australia’s Crown Resorts has confirmed David Tsai’s appointment as Group Chief Executive Officer following Ciarán Carruthers’s departure. Tsai, who assumed the role of Acting CEO in August, joined Crown as CEO of Crown Perth in December 2022, later advancing to President and Group COO in July. He has played an...

Sarath Ratanavadi, Thailand's wealthiest individual, has seen his net worth soar past $16 billion, spurred by a substantial rise in his holdings across the energy and telecommunications sectors. The 59-year-old billionaire’s fortune has grown by around $7 billion over the past three months, as indicated by the Bloomberg Billionaires Index,...

Diriyah Gate, one of Saudi Arabia's major and most ambitious projects, has thus far been financed by the nation's Public Investment Fund (PIF). Diriyah Gate Development Authority’s CEO, Jerry Inzerillo, expressed confidence that foreign investors will ultimately contribute at least half of the project’s $64 billion budget. During the Future...

Shake Shack CEO Rob Lynch has revealed plans to expand the popular burger chain both across the U.S. and internationally, emphasizing its unique positioning in the “fine casual” dining space, a niche he believes few other brands occupy. Lynch expressed ambitious goals for the company, stating that he envisions Shake...

The Estée Lauder Companies (ELC) has revealed that William Lauder will step down from his current role as Executive Chairman following the upcoming Annual Meeting of Stockholders, although he will remain Chair of the Board. The company also announced Stéphane de La Faverie’s appointment as President, Chief Executive Officer, and...

Icona Capital, a renowned alternative investment group, has made a landmark acquisition of a pristine island in the Maldives. This island, characterized by its untouched natural beauty, crystal-clear waters, and powdery white beaches, represents one of the most sought-after locations in the world for ultra-luxury developments. Positioned strategically near both...

Icona Capital, a leading alternative investment company, has entered into a binding agreement with Cromwell Property Group to acquire their European fund management platform and associated co-investments via Stoneweg, a real estate manager, which totals up to €3.9 billion of real estate assets under management, for a total consideration of...