As of December 14, 2023, Carlos Slim Helu has a net worth of US$100.3 billion, making him the wealthiest person in the telecom industry. Sunil Mittal follows in second place with $7.9 billion, while Rocco Commisso ranks third with $7.4 billion, and Xavier Niel comes in fourth with $6.8 billion....

Revolution Beauty, the UK makeup company, is responding to shareholder pressure by reorganizing its management team. CFO Elizabeth Lake will be stepping down by the end of this month in response to recent developments. The brand has announced that Neil Catto, previously CFO at Boohoo, will take over as Lake's...

Booking Holdings Inc. has announced the appointment of Ewout Steenbergen, a veteran from S&P Global, as its new Chief Financial Officer, effective March 15. Steenbergen will take over from David Goulden, who retired in February after six years with the Norwalk-based company. Steenbergen, aged 54, is set to receive an...

Zurich Insurance Group announced Claudia Cordioli's appointment as Group Chief Financial Officer effective March 1, 2024, subject to regulatory approval. She will succeed George Quinn, who served as Group CFO for a decade and has decided to step down. Mr. Quinn will oversee Zurich's 2023 Annual Results and ensure a...

TGI Fridays revealed the hiring of Ray Risley as U.S. President and COO and Nik Rupp as CFO and President of international markets. Both will report to the newly appointed CEO, Weldon Spangler, as part of the company's growth strategy. These appointments follow Spangler's recent appointment as CEO, marking the...

After recently appointing a new creative director to succeed Gabriela Hearst, Chloé is now welcoming a new President and CEO to replace Riccardo Bellini, who is departing after a four-year tenure. Laurent Malecaze, the CEO of Dunhill, a fellow luxury brand under Richemont, will join Chloé this month. His prior...

Bernard Looney, who stepped down as BP's Chief Executive in September, faces significant repercussions for not disclosing previous personal relationships with colleagues. BP, the London-based oil giant, announced a set of actions aimed at reducing Looney's termination package and reclaiming earlier payments, which may amount to 32.4 million pounds or...

On Wednesday, Save a lot declared that Fred Boehler, previously serving as interim CEO, has been appointed as the permanent CEO, taking over from Leon Bergmann, who departed on October 31. The swift decision to appoint Boehler as the permanent CEO followed Bergmann's recent exit from the role after a...

The co-founder and former CEO, Glenn Chamandy, released a statement mentioning his unexpected termination from the firm where he spent 40 years of service. Gildan Activewear announced the appointment of a new President and CEO on Monday, resulting in Chamandy's departure from his previous role, which he clarified in a...