In a recent presentation of EDF’s financial results, the company’s CEO, Luc Rémont, outlined an ambitious plan to significantly reduce the construction time for nuclear reactors to 70 months, nearly half the current timeframe. EDF has made some financial progress, reducing its $58.5 billion debt by $216.6 million since the...

Iceotope, a global leader in Precision Liquid Cooling, has announced that CEO David Craig will retire effective September 30, 2024. Chief Commercial Officer Nathan Blom and Chief Financial Officer Simon Jesenko will jointly lead the company until a new CEO is appointed. David Craig will continue to advise and support...

During a much-anticipated fireside chat at SIGGRAPH 2024, NVIDIA founder and CEO Jensen Huang and Meta founder and CEO Mark Zuckerberg explored the revolutionary potential of open-source AI and AI assistants. Mark Zuckerberg began the discussion by unveiling AI Studio, a new platform designed to make AI more accessible to...

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...