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CEO Explainers

Frank Backes Succeeds Payam Banazadeh at Capella Space

On October 17th, Capella Space announced that Payam Banazadeh, the co-founder of the synthetic aperture radar (SAR) imaging company, would step down as CEO, effective October 23rd, but would remain on the company's board of directors. His successor will be Frank Backes, who is currently a senior vice president at...
CEO Explainers

Snap’s Shares Rise about 12%

Snap's shares surged by nearly 12% on Monday after news of an internal CEO memo hinting at better-than-expected results for 2024. Evan Spiegel, the co-founder and CEO of the company, communicated in a memo sent in September that they might exceed 475 million daily active users in 2024, surpassing analysts' projections...
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