Signify, the world’s largest lighting manufacturer, announced a nearly 10% decline in its 2024 core profit on Friday. The company also revealed that CEO Eric Rondolat would step down following the annual general meeting scheduled for April. Rondolat, who is 58, played a critical role in guiding Signify’s 2016 spin-off...

The Pierer Mobility Group (PMG) has announced that Stefan Pierer is stepping down as CEO of both PMG and KTM AG. Gottfried Neumeister, who became Co-CEO of PMG last year, will assume the role of CEO for both organizations. Pierer will continue to serve as Co-CEO during a restructuring phase...

The Global Wind Energy Council (GWEC) CEO, Ben Backwell, has been appointed as the new chairman of the Global Renewables Alliance (GRA) for a two-year term. According to a statement from GWEC, Backwell's primary focus in the coming year will be driving countries to establish ambitious renewable energy targets within...

UnitedHealthcare has announced Tim Noel as its new CEO following the tragic death of Brian Thompson, who was killed in a targeted shooting in midtown Manhattan. The company confirmed the leadership change in an emailed statement. Tim Noel, a long-time company leader, previously headed UnitedHealthcare’s Medicare and retirement division. He...

Changpeng “CZ” Zhao, recently released from prison and now worth $70 billion following a surge in cryptocurrency values, has transformed Binance Holdings’ former venture capital arm into a family office. The entity, previously known as Binance Labs, has been rebranded as YZi Labs, according to an announcement on Thursday. Ella...

In its latest Global Economic Prospects report, the World Bank (WB) has projected Vietnam’s GDP growth to reach 6.6% in 2025, reflecting a 0.1 percentage point increase compared to its October 2024 forecast. For 2026, Vietnam’s GDP growth is expected to slow slightly to 6.3%, 0.2 percentage points lower than...

JPMorgan Chase disclosed that its long-time CEO, Jamie Dimon, would receive an 8.3% increase in compensation for 2024, bringing his total pay to $39 million. This decision came after the bank achieved a record-breaking profit, driven by a resurgence in dealmaking and fundraising activities. The package included a $1.5 million...

The Strategic Bitcoin Reserve (SBR) initiative has sparked a contentious debate involving Ripple Labs, its CEO Brad Garlinghouse, and Pierre Rochard, Vice President of Research at Riot Platforms. The disagreement centers on the priorities and influence Ripple exerts in the cryptocurrency sector. Pierre Rochard has accused Ripple of channeling its...

Salesforce CEO Marc Benioff stated on Thursday that today’s business leaders would be the last to oversee the entire human workforce as artificial intelligence (AI) becomes an integral part of organizational operations. Speaking during a panel at the World Economic Forum’s annual meeting in Davos, Switzerland, he emphasized that the...