Ahmad Fazril Mohd Fauzi has officially resigned from his role as Chief Financial Officer of Boustead Heavy Industries Corporation Bhd (BHIC). The announcement was made through a Bursa Malaysia Securities filing, where it was revealed that the 41-year-old is leaving to pursue other opportunities. However, details regarding his future endeavors...

Mark Fitzgibbon, who has been at the helm of NIB Holdings since 2002, will step down from his role as CEO on 1 September. Ed Close, currently heading the health insurer's ARHI division, is set to succeed him. Following the announcement of Fitzgibbon's retirement and Close's upcoming leadership, NIB Holdings...

Former Rockwell Collins Chief Kelly Ortberg has emerged as a leading candidate for the position of Chief Executive Officer at Boeing, according to industry officials cited by The Air Current. Ortberg joins a shortlist that includes Spirit AeroSystems CEO Pat Shanahan and Boeing Chief Operating Officer Stephanie Pope. Shanahan, Pope,...

Workforce considerations have been ranked as the third most important business priority for CEOs in 2024-2025, following growth and technology, according to a report by Gartner, Inc. The survey, conducted between July and December 2023, included responses from 416 CEOs and senior business leaders. It revealed a shift in investment...

Petroleos Mexicanos (Pemex) reported its most significant loss since the onset of the global pandemic over four years ago. The state oil company recorded a second-quarter loss of $13.8 billion, a stark contrast to the $1.4 billion profit reported a year earlier. This represents the steepest loss since the first...

Lineage, the world’s leading operator of cold storage warehouses, has executed the largest initial public offering (IPO) in the U.S. this year. The company announced the sale of 56.9 million shares at $78 each, which is near the high end of its anticipated range of $70 to $82.1. This sale...

The tokenization of real-world assets (RWAs) has the potential to revolutionize traditional finance, and a dedicated blockchain is essential for its rapid adoption, according to John Patrick Mullin, CEO and co-founder of Mantra. Mantra positions itself as a “security-first” layer-1 blockchain designed to meet real-world regulatory requirements. Mullin emphasized that...

Adore Beauty has announced the appointment of Sacha Laing, an experienced retail executive, as its new Chief Executive Officer. Laing, who previously served as CEO of Alquemie Group, will begin his new role on October 1. Laing brings over 25 years of experience in the retail industry. His most recent...

"Scams are a significant issue in the industry," Pere Monguió Montells, Co-CEO of FXStreet, shared at the iFX EXPO International. He noted that these scams not only "steal business from companies but also harm traders." In response to this growing problem, FXStreet has initiated a campaign to combat scams, aiming...