Bookmark?Remove? Citi’s Rousseau to focus on France, financial advisory across EMEA LONDON (Reuters) – Citigroup (C.N) has hired Robin Rousseau as a vice chairman of investment banking for Europe, the Middle East and Africa, a memo seen by Reuters shows. Based in Paris, Rousseau will focus on the bank’s French client franchise while also prov... More »
Bookmark?Remove? Suga seen top contender in Japan PM race as ruling party plans slimmed-down vote TOKYO (Reuters) – Japan’s top government spokesman, Yoshihide Suga, moved a step closer to becoming the next premier after the ruling party decided on Tuesday on a slimmed-down leadership vote that favours the long-time lieutenant of Prime Minister Shinzo Abe.... More »
Bookmark?Remove? El Al Israel Airlines chairman steps down for medical reasons JERUSALEM (Reuters) – The chairman of El Al Israel Airlines (ELAL.TA), Eli Defes, is stepping down immediately because of an undisclosed medical condition, he said on Sunday. Defes joined El Al’s board in 2015 and became chairman in 2017. It was not immediatel... More »
Bookmark?Remove? Former Millennium executive Zaino launches Keystone Capital, eyes biotech BOSTON (Reuters) – Investor Fredric Zaino, who spent 15 years at hedge fund Millennium Management, has launched his own firm and plans to invest in micro-, small- and mid-cap public and private companies focusing on biotech, real estate and consumer products. ... More »
Bookmark?Remove? Equinor appoints new CEO to speed up renewable investments OSLO (Reuters) – Equinor (EQNR.OL) on Monday announced the appointment of Anders Opedal as chief executive effective from Nov. 2 as the Norwegian oil and gas group looks to speed up a move into renewable energy. The new CEO, who had been executive vice preside... More »
Bookmark?Remove? Walgreens CEO to step down (Reuters) – Walgreens Boots Alliance Inc (WBA.O) said on Monday Chief Executive Officer Stefano Pessina has decided to step down from the position and will assume the role of executive chairman once a replacement is appointed. Pessina, 79, was appointed as the... More »
Bookmark?Remove? Leaf Group says one board member quits, another leaves audit committee BOSTON (Reuters) – Leaf Group said in a regulatory filing on Wednesday that one of its board members resigned and another was removed from the audit committee because he is ineligible to serve on it. The move comes just days after an investor group, which owns... More »
Bookmark?Remove? Mednax CEO, board directors replaced amid settlement with Starboard BOSTON (Reuters) – Healthcare services company Mednax’s (MD.N) stock price closed up nearly 4% on Monday after its founder and chief executive and several board members were replaced, half a year after activist investor Starboard Value began pressing for chang... More »
Bookmark?Remove? Ubisoft shares sink after misconduct review PARIS (Reuters) – Ubisoft (UBIP.PA) shares dropped 9% on Monday after the French video games group said over the weekend that three senior managers were leaving the company following a review into allegations of inappropriate behaviour. Ubisoft, which makes ga... More »
Bookmark?Remove? Lloyds Bank CEO António Horta-Osório to leave next year (Reuters) – Lloyds Banking Group (LLOY.L) Chief Executive António Horta-Osório said on Monday he would step down next year after nearly a decade at the helm of Britain’s biggest domestic bank. While his departure had been expected, it leaves Lloyds with the ta... More »
Bookmark?Remove? UK insurer Aviva CEO Tulloch steps down, Blanc appointed LONDON (Reuters) – Aviva (AV.L) CEO Maurice Tulloch is stepping down with immediate effect for family health reasons, the UK insurer said on Monday, naming independent director and former Zurich Insurance executive Amanda Blanc as his replacement. It’s the sec... More »
Bookmark?Remove? London Stock Exchange’s Rathi to head UK financial watchdog LONDON (Reuters) – Nikhil Rathi, head of the London Stock Exchange’s UK division, has been appointed chief executive of the Financial Conduct Authority (FCA), Britain’s finance ministry said on Monday. Rathi, a former finance ministry official, will play a key... More »
Bookmark?Remove? Impeaching AG Barr a ‘waste of time’ says top Democrat probing political meddling WASHINGTON (Reuters) – U.S. Attorney General William Barr deserves to be impeached over the firing of a federal prosecutor whose office had been investigating President Donald Trump’s personal lawyer but the effort would be a “waste of time,” a leading Democra... More »
Bookmark?Remove? GE picks Embraer planemaking chief to run aviation unit (Reuters) – General Electric Co (GE.N) on Monday tapped the planemaking head of Brazil’s Embraer (EMBR3.SA) to run its key aircraft engines division on Monday, as the global aviation industry grapples with disruption caused by the COVID-19 pandemic. Irishman J... More »
Bookmark?Remove? Hong Kong spearheads $5 billion Cathay Pacific rescue package SYDNEY/HONG KONG (Reuters) – Hong Kong will lead a $5 billion rescue of Cathay Pacific Airways (0293.HK), which like other airlines has been hit by a global travel slump triggered by the coronavirus pandemic. The government’s involvement in the recapitalisatio... More »
Bookmark?Remove? Vitol’s former CEO Ian Taylor dies after cancer battle: sources LONDON (Reuters) – Vitol’s former chief executive and chairman Ian Taylor has died at the age of 64 from cancer, according to an internal memo and four sources familiar the matter. Taylor joined Vitol [VITOLV.UL] in 1985 and became group President and CEO in 1... More »
Bookmark?Remove? Starboard set to win eight board seats at GCP Applied Technologies-sources (Reuters) – Hedge fund Starboard Value LP is close to having eight directors elected to the board of GCP Applied Technologies Inc (GCP.N) at the chemical company’s annual meeting, people familiar with the matter said on Wednesday. While not all votes have been... More »
Bookmark?Remove? Disney’s streaming chief Mayer to become TikTok CEO (Reuters) – Walt Disney Co’s (DIS.N) top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the chief executive officer of TikTok, the popular video app owned by China’s ByteDance Technology Co, the companies said on... More »
Bookmark?Remove? Senator Rubio chosen as acting Intelligence Committee chairman WASHINGTON (Reuters) – U.S. Senator Marco Rubio will serve as acting chairman of the Senate Select Committee on Intelligence, Senate Majority Leader Mitch McConnell said on Monday, after Senator Richard Burr announced he would step aside from the position duri... More »
Bookmark?Remove? Scaramucci’s SkyBridge hit with heavy redemption requests as fund fell: letter BOSTON (Reuters) – Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by its debt-focused hedge fund managers soured, Anthony Scaramucci wrote in a letter to clients, ... More »
Bookmark?Remove? Prominent China lawyer quits ZTE board after media reports of sexual assault probe SHENZHEN, China (Reuters) – A prominent Chinese lawyer who served on the board of telecoms equipment giant ZTE Corp has resigned after several news articles in state-backed media reported that he was under investigation for alleged sexual assault. ZTE said in ... More »
Bookmark?Remove? Ted Baker names finance chief Rachel Osborne as CEO (Reuters) – Troubled fashion retailer Ted Baker (TED.L) on Monday named Chief Financial Officer Rachel Osborne to the permanent role of chief executive officer, replacing Lindsay Page who stepped down last year. The British company said the search for a chairm... More »
Bookmark?Remove? Settlement talks between First United, Driver Management break down BOSTON (Reuters) – Talks between First United Corp and Driver Management to settle a fight for board seats at the bank holding company broke down when the activist investor rejected the offer, two sources familiar with the matter said on Thursday. “Your ‘best ... More »
Bookmark?Remove? U.S. cruise line company Lindblad names directors backed by ValueAct to its board BOSTON (Reuters) – Lindblad Expeditions on Thursday said it named two independent directors backed by activist investment firm ValueAct Capital, which owns a nearly 10% stake in the adventure cruise company, to its board. New York-based Lindblad appointed Thom... More »
Bookmark?Remove? Starboard nominates four to eBay’s board, wants outsider as CEO (Reuters) – Activist investor Starboard Value is pressuring eBay for the second time in two years and said on Thursday that it plans to install four directors on the e-commerce company’s 14-member board. The hedge fund, which last year helped fill one board se... More »
Bookmark?Remove? Nokia appoints Fortum CEO Lundmark to replace Suri from September HELSINKI (Reuters) – Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and is the current CEO of energy group Fortum, Nokia said on Monday. Suri has been in the role for si... More »
Bookmark?Remove? Activist investor Robbins shutting hedge fund to pursue other things NEW YORK (Reuters) – Activist investor Clifton S. Robbins told clients on Friday that he is shuttering his Blue Harbour Group not because investors want their money back or because returns have lagged, but because he wants to do something different. “Our inves... More »
Bookmark?Remove? Italy’s UniCredit says Mustier to stay on as CEO MILAN (Reuters) – Italy’s biggest bank UniCredit (CRDI.MI) said on Monday Chief Executive Jean Pierre Mustier had confirmed he would remain in his role, following media reports that he was being considered for the top job at rival HSBC (HSBA.L). UniCredit rece... More »
Bookmark?Remove? Belgian designer Raf Simons joins Prada as co-creative director MILAN (Reuters) – Raf Simons will join Prada as co-creative director, marking the first time the Italian fashion house has hired an outsider to work with renowned head designer Miuccia Prada. Belgian-born Simons, 52, will join Prada on April 2, the group said ... More »
Bookmark?Remove? Senator hedge fund’s founding duo to split- Klabin will leave firm BOSTON (Reuters) – Hedge fund Senator Investment Group told clients on Thursday that its founding partners are splitting up, ending one of the industry’s more profitable and durable professional marriages. Alexander Klabin will be leaving the $6.9 billion Sena... More »
Bookmark?Remove? NMC Health founder Shetty resigns as turmoil deepens (Reuters) – NMC Health (NMC.L) said on Monday its founder BR Shetty had resigned as the Emirati healthcare group’s joint non-executive chairman, leaving UK businessman H.J. Mark Tompkins as sole chairman. NMC, the United Arab Emirates’ largest private healthca... More »
Bookmark?Remove? William Hill names DS Smith’s Adrian Marsh as CFO (Reuters) – British bookmaker William Hill (WMH.L) on Monday named cardboard maker DS Smith’s (SMDS.L) Chief Financial Officer Adrian Marsh as its finance head. Marsh will join William Hill later this year, taking over from Ruth Prior whose departure was annou... More »
Bookmark?Remove? Imperial Brands appoints Stefan Bomhard CEO (Reuters) – Cigarette maker Imperial Brands Plc (IMB.L) on Monday appointed Stefan Bomhard as its chief executive officer, replacing Alison Cooper, as the industry faces a regulatory backlash against e-cigarettes and declining tobacco sales. Bomhard will join ... More »
Bookmark?Remove? WeWork names real estate industry veteran Mathrani as CEO (Reuters) – Softbank (9984.T)-backed office sharing firm WeWork named real estate industry veteran Sandeep Mathrani as its new chief executive on Saturday. Mathrani will join the company as the CEO from Feb. 18, 2020 and will report to Marcelo Claure, who will... More »
Bookmark?Remove? Exclusive: Regulator probes board role in Credit Suisse spying scandal – sources FRANKFURT/ZURICH (Reuters) – The Credit Suisse (CSGN.S) spying debacle risks tipping the bank into a crisis that could engulf its top executives. Switzerland’s market supervisor is scrutinizing Credit Suisse’s oversight of chief executive Tidjane Thiam and his... More »
Bookmark?Remove? Samsung appoints new mobile chief as Huawei chips away at market share SEOUL (Reuters) – Samsung Electronics Co Ltd on Monday named its youngest president as its new smartphone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd. The South Korean f... More »
Bookmark?Remove? Board member overseeing Wirecard audit elected chairman BERLIN (Reuters) – The board member overseeing an outside audit of Wirecard has been elected as chairman of the German payments company as it battles allegations of fraud and false accounting that have hit its share price. Thomas Eichelmann, a former chief fin... More »
Bookmark?Remove? Alphabet legal head Drummond exits, giving its new CEO chance to shake up team (Reuters) – Alphabet’s new Chief Executive Sundar Pichai on Friday gained the opportunity to reshape the leadership of Google’s parent with the exit of Chief Legal Officer David Drummond, whose outsized strategic role was overshadowed by employee concerns abou... More »
Bookmark?Remove? ABN Amro names PwC’s former Dutch chairman as new CEO AMSTERDAM (Reuters) – ABN Amro (ABNd.AS) said on Thursday that Robert Swaak, a former chairman of accounting firm PwC in the Netherlands, is to succeed Kees van Dijkhuizen as the Dutch bank’s chief executive. Swaak will take over from Van Dijkhuizen at the com... More »
Bookmark?Remove? British Airways-owner IAG says Willie Walsh to stand down LONDON (Reuters) – Willie Walsh, the chief executive of British Airways-owner IAG (ICAG.L), will step down from the airlines group he helped to build later this year and hand the reins to a key lieutenant, Luis Gallego. Walsh had said in November that successi... More »
Bookmark?Remove? Credit Suisse surveillance probe to continue ZURICH (Reuters) – Credit Suisse (CSGN.S) and law firm Homburger will continue their investigation into employee observation at the bank, a spokesman said, after the bank on Monday confirmed a second former executive was tailed. [nL8N28X0TX] “We are looking in... More »
Bookmark?Remove? Credit Suisse blames former COO for covering up second spying case ZURICH (Reuters) – Credit Suisse (CSGN.S) on Monday cleared CEO Tidjane Thiam and other top executives from knowledge of a second spying incident, saying former Chief Operating Officer Pierre-Olivier Bouee had the Swiss bank’s then-head of human resources foll... More »
Bookmark?Remove? Korean Air ‘nut rage’ heiress accuses brother over father’s will SEOUL (Reuters) – A South Korean heiress known for delaying a Korean Air Lines flight in 2014 because she was angry at the way she was served nuts has accused her younger brother of disobeying their late father’s will to manage the airline’s parent company tog... More »
Bookmark?Remove? Activist hedge fund Marcato Capital to shut down after drop in assets BOSTON (Reuters) – Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor returns, sources said on Sunday. Richard McGuire, the firm’s founder... More »
Bookmark?Remove? Exclusive: White House expected to nominate SEC lawyer for Democratic commissioner seat – sources WASHINGTON (Reuters) – The White House is expected to nominate Caroline Crenshaw, a Democratic attorney at the U.S. Securities and Exchange Commission, to fill an SEC seat being vacated next year by Democratic Commissioner Robert Jackson, according to three pe... More »
Bookmark?Remove? Tullow Oil CEO steps down- scraps dividends on Ghana problems (Reuters) – Tullow Oil Plc (TLW.L) on Monday said its Chief Executive Officer Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its main producing assets in Ghana. The company has been facing p... More »
Bookmark?Remove? Silver Lake appoints Egon Durban, Greg Mondre as first co-CEOs (Reuters) – Private equity firm Silver Lake on Monday named company veterans Egon Durban and Greg Mondre to the newly formed roles of co-chief executive officers. The firm, which manages over $43 billion in combined assets, said Durban and Mondre, who were man... More »
Bookmark?Remove? China picks new leaders for Macau, replaces economy chief HONG KONG (Reuters) – China has appointed a slate of new officials to head the world’s top gambling hub of Macau, changing key roles including the city’s economy and justice secretaries. The appointments in Macau, a special administrative region of China, come... More »
Bookmark?Remove? New Nissan CEO pledges better performance, cooperation with Renault YOKOHAMA (Reuters) – Nissan Motor Co (7201.T) chief executive Makoto Uchida said on Monday that he would work to improve the automaker’s financial performance and co-operate closely with alliance partner Renault SA (RENA.PA), while maintaining Nissan’s indepen... More »
Bookmark?Remove? UBS Chief Ermotti wants to stay until 2021: report ZURICH (Reuters) – UBS’s (UBSG.S) Sergio Ermotti wants to remain as chief executive of Switzerland’s biggest bank until 2021, Swiss website Finews reported on Monday, citing unnamed sources. There has been speculation about the 59-year-old’s departure date aft... More »
Bookmark?Remove? Kaiser Permanente CEO Bernard Tyson dies unexpectedly at 60 (Reuters) – Bernard J. Tyson, chairman and chief executive officer of not-for-profit health insurer Kaiser Permanente, died unexpectedly in his sleep on Sunday, aged 60, the company said in a statement. Tyson, who held the top job since 2013, was Oakland, Cali... More »
Bookmark?Remove? Siemens CEO deplores admiration for ‘pot smoker’ after deputy praised Elon Musk FRANKFURT (Reuters) – Siemens (SIEGn.DE) Chief Executive Joe Kaeser on Friday lamented Germans who fail to recognize true visionaries and instead admire pot smokers who talk about space travel, only days after his deputy praised Tesla CEO Elon Musk. “Amusing o... More »
Bookmark?Remove? McDonald’s ousts CEO over consensual relationship with employee (Reuters) – McDonald’s Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the fast-food giant said on Sunday. The board found that Easterbrook, 52, who ha... More »
Bookmark?Remove? White House budget officials to defy U.S. House panel’s requests for testimony (Reuters) – Three officials in the White House Office of Management and Budget will not appear for interviews this week sought by the U.S. House of Representatives as part of an impeachment inquiry into President Donald Trump, an administration official said. ... More »
Bookmark?Remove? Trump nominates MD Anderson oncologist as U.S. FDA Commissioner (Reuters) – U.S. President Donald Trump plans to nominate Dr. Stephen Hahn, chief medical executive of the University of Texas MD Anderson Cancer Center, to lead the Food and Drug Administration, the White House said on Friday. If confirmed, Hahn, a radiation ... More »
Bookmark?Remove? Lazard appoints Girodolle CEO of Lazard France (This story corrects first name in first paragraph) PARIS (Reuters) – Lazard (LAZ.N) said on Sunday it had appointed Jean-Louis Girodolle as CEO of Lazard Investment Banking in France, just a week after its chairman and CEO Matthieu Pigasse resigned. For the 1... More »
Bookmark?Remove? Indonesia president targets ‘innovative’ cabinet, taps Gojek CEO JAKARTA (Reuters) – Indonesian President Joko Widodo said on Monday he wanted “innovative” ministers in his cabinet for a second term, as the co-founder of tech startup Gojek said he would join and a former chairman of Inter Milan soccer club was tipped for a ... More »
Bookmark?Remove? Gojek CEO quits to join Indonesian cabinet, replacements named JAKARTA (Reuters) – Gojek CEO and co-founder Nadiem Makarim said on Monday he had resigned to join Indonesia’s cabinet, and the ride-hailing and payments company said two senior officials would jointly take over running operations of the $10 billion firm. Pres... More »
Bookmark?Remove? Thomson Reuters says engaged in CEO succession planning NEW YORK (Reuters) – Thomson Reuters Corp (TRI.TO) is engaged in succession planning for Chief Executive Jim Smith as “a matter of good governance,” the business information company said on Sunday. The company statement BX.N) consortium last year. Earlier this... More »
Bookmark?Remove? AT&T, Elliott in talks after activist campaign launched: sources NEW YORK (Reuters) – AT&T (T.N) and Elliott Management are talking about issues the activist hedge fund raised last month when it pushed for change at the U.S. telecommunications and media conglomerate, two people familiar with the matter said on Thursday. Ell... More »
Bookmark?Remove? Consulting firm Sionic hires Monahan to run asset servicing unit NEW YORK (Reuters) – Sionic has hired James Monahan from Morgan Stanley to run the consulting firm’s new global asset servicing team, according to a statement on Tuesday. Monahan was previously co-head of Morgan Stanley’s global institutional asset servicing l... More »
Bookmark?Remove? Tesco Bank to appoint John Kingman as chairman: source (Reuters) – Tesco’s (TSCO.L) financial arm intends to appoint John Kingman, the businessman who oversaw Britain’s bailout of its banks during the financial crisis, as its chairman, a source with knowledge of the matter told Reuters. Tesco Bank on Monday appoin... More »
Bookmark?Remove? Pepco Group appoints Tesco veteran to run PEPCO retail brand LONDON (Reuters) – Pepco Group, a European discount retailer, has appointed former Tesco (TSCO.L) executive Trevor Masters as managing director of its largest business PEPCO. The group, formerly called Pepkor Europe and part of South Africa’s Steinhoff (SNHJ.J... More »
Bookmark?Remove? Passport maker De La Rue taps Clive Vacher CEO in midst of turnaround, setbacks (Reuters) – Banknote and passport printer De La Rue Plc (DLAR.L) on Monday named Clive Vacher as chief executive officer to replace Martin Sutherland, whose departure was announced in May after the company warned of a profit downturn for the year. Just last mo... More »
Bookmark?Remove? Banker defections pose challenge for Credit Suisse’s Thiam ZURICH/HONG KONG (Reuters) – The announcement by Julius Baer this week that it had hired five senior bankers from Credit Suisse underscores the challenge facing Chief Executive Tidjane Thiam as he seeks to reassure staff and investors in the wake of a spying s... More »
Bookmark?Remove? Credit Suisse clears its CEO in spying scandal that rocked Swiss banking ZURICH (Reuters) – Credit Suisse (CSGN.S) cleared its CEO on Tuesday of snooping on a star wealth manager in an episode that saw suicide, scandal and espionage invade the secretive world of Swiss private banking. The spying on ex-wealth management chief Iqbal ... More »
Bookmark?Remove? Italy’s Tod’s appoints former Google executive to ramp up digital effort (Reuters) – Italy’s Tod’s appointed a former Google executive as chief digital and innovation officer to ramp up its ongoing digital transformation, the shoes and leather goods company said on Friday. Alessandra Domizi, previously the Industry Head – Fashion &... More »
Bookmark?Remove? Disney CEO Bob Iger resigns from Apple board as TV battle looms (Reuters) – Apple Inc (AAPL.O) said on Friday that Walt Disney Co (DIS.N) Chief Executive Officer Bob Iger had resigned from the company’s board of directors on Sept. 10 as the two companies prepare to compete head-to-head in the streaming television business.... More »
Bookmark?Remove? China’s JD.com reloads deal-making with investment head appointment HONG KONG/BEIJING (Reuters) – China’s second-largest e-commerce firm JD.com Inc has appointed Jason Hu, a former managing director at Chinese private equity firm CDH Investments, as head of strategic investment to oversee deals both at home and overseas. Hu, w... More »
Bookmark?Remove? UBS hires former Credit Suisse star Khan as part of broader shakeup ZURICH (Reuters) – Switzerland’s biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader shake-up of its executive board. The appointment of Khan alongside two inte... More »
Bookmark?Remove? UBS’s Ermotti says Swiss bank’s CEO bench at least three deep: NZZ ZURICH (Reuters) – UBS has least three candidates from inside the biggest Swiss bank who could eventually step into the CEO role, Chief Executive Sergio Ermotti said in a newspaper interview on Thursday on the heels of a big management reshuffle. “We have at l... More »
Bookmark?Remove? Former CS banker Iqbal Khan to head UBS wealth management:… ZURICH (Reuters) – Swiss bank UBS will appoint former Credit Suisse banker Iqbal Khan as head of its wealth management business, Swiss newspaper TagesAnzeiger reported on Wednesday, citing unnamed UBS sources. Khan will join the executive board “shortly” the n... More »
Bookmark?Remove? Papa John’s set to appoint Arby’s President Lynch as CEO: Bloomberg (Reuters) – Papa John’s International Inc (PZZA.O) is set to name Rob Lynch as the pizza chain’s new chief executive officer, Bloomberg reported late on Monday, barely 19 months after Steve Ritchie took over as top executive following a bitter board dispute. L... More »
Bookmark?Remove? Uber appoints new UK boss as London licence renewal nears LONDON (Reuters) – Uber (UBER.N) appointed a new boss for Britain and Ireland on Monday just over a month before its licence expires in London, one of its most important global markets where the regulator has previously stripped it of its right to operate. Tra... More »
Bookmark?Remove? Cathay Pacific shares in choppy trade after shock exit of CEO Hogg HONG KONG/SINGAPORE (Reuters) – Cathay Pacific (0293.HK) shares were choppy in opening trade on Monday after the shock exit of CEO Rupert Hogg, as the airline grapples with mounting Chinese scrutiny over the involvement of some of its staff in anti-government ... More »
Bookmark?Remove? Decentralizer Rosengren is ideal man to transform ABB, says chairman ZURICH (Reuters) – ABB (ABBN.S) Chairman Peter Voser said he was convinced he had got the right man to transform the Swiss engineering group after it announced Sandvik (SAND.ST) boss Bjorn Rosengren would become its next chief executive. Rosengren will take ov... More »
Bookmark?Remove? ABB’s largest shareholder pleased with new CEO appointment ZURICH (Reuters) – ABB’s (ABBN.S) largest shareholder Investor AB (INVEb.ST) is pleased with the appointment of Bjorn Rosengren as the new chief executive of the engineering group, the Swedish investment company said on Monday. “We welcome the appointment of B... More »
Bookmark?Remove? Ratcliffe tapped to replace Coats as U.S. spy chief WASHINGTON (Reuters) – U.S. President Donald Trump said on Sunday he would nominate Representative John Ratcliffe, a Texas Republican who strongly defended him at a recent congressional hearing, to replace Dan Coats as the U.S. spy chief. Coats, the current U.... More »
Bookmark?Remove? Trump says spy chief Coats stepping down, says will nominate Ratcliffe WASHINGTON (Reuters) – President Donald Trump said on Sunday the nation’s top intelligence official, Dan Coats, would leave his post next month and that he would nominate Republican congressman John Ratcliffe to replace him. “I am pleased to announce that high... More »
Bookmark?Remove? ‘Peppa Pig’ owner Entertainment One says producer Mark Gordon to… (Reuters) – Entertainment One Ltd, which makes the popular children’s television show “Peppa Pig”, said award-winning producer Mark Gordon will continue to develop and produce content for the company, following a multi-year production deal. Investors had been ... More »
Bookmark?Remove? Wells Fargo hires Comerica’s Julia Wellborn to lead private bank (Reuters) – Wells Fargo & Co said on Wednesday Julia Wellborn will become the head of Private Wealth Management, ending a months-long search for a leader following the retirement of Jay Welker last year. Wellborn joins Wells Fargo from Comerica Bank where she ... More »
Bookmark?Remove? Legal expert Dagmar Valcarcel to join Deutsche Bank’s supervisory… BERLIN (Reuters) – Dagmar Valcarcel, a legal expert, will join Deutsche Bank’s supervisory board, German newspaper Handelsblatt said on Wednesday without naming its sources. The newspaper said the position had become free because Stefan Simon was moving into t... More »
Bookmark?Remove? Swiss Bank Julius Baer appoints insider Rickenbacher as CEO ZURICH (Reuters) – Julius Baer (BAER.S) has appointed Philipp Rickenbacher as its new chief executive officer, the Swiss private bank said on Monday, opting for a company insider to drive the wealth manager’s future growth. His appointment is the latest leader... More »
Bookmark?Remove? Rio Tinto names Barbara Levi as group general counsel (Reuters) – Rio Tinto (RIO.L)(RIO.AX) named Barbara Levi as its new general counsel and group executive on Monday, replacing Philip Richards. Levi, currently group legal head, M&A and strategic transactions at Novartis, will join the miner on Jan. 1, 2020. Sou... More »
Bookmark?Remove? India central bank deputy governor Acharya resigns before end of term MUMBAI (Reuters) – Reserve Bank of India (RBI) Deputy Governor Viral Acharya has resigned six months before the scheduled end of his term in office, citing personal reasons, the central bank said on Monday, confirming a media report. Acharya’s departure was no... More »
Bookmark?Remove? Alibaba puts CFO in charge of investment in major management reshuffle BEIJING/SHANGHAI (Reuters) – China’s Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as the e-commerce firm looks to bolster its investment focus in the face of sl... More »
Bookmark?Remove? Investment bank environment still very fragile says UBS ZURICH (Reuters) – Investment banking conditions have improved over recent months but remains “very fragile,” UBS Chief Executive Sergio Ermotti said on Thursday, adding the Swiss lender’s own business was performing in line with the industry. “In March we sta... More »
Bookmark?Remove? Uniper chairman calls for signal from Fortum to resolve dispute FRANKFURT (Reuters) – Uniper’s chairman on Sunday said talks with major shareholder Fortum to resolve a dispute between the two companies were on hold after two of the German utility’s board members resigned. Fortum and Uniper have been at loggerheads since th... More »
Bookmark?Remove? Uber’s first employee, Ryan Graves, resigns from board SAN FRANCISCO (Reuters) – Uber’s first employee and one-time chief executive Ryan Graves will step down from the company’s board of directors, Uber said on Friday. Graves this week informed the company of his intention to resign from the board, beginning Monda... More »
Bookmark?Remove? NASA executive quits weeks after appointment to lead 2024 moon… CAPE CANAVERAL, Fla. (Reuters) – A top NASA executive hired in April to guide strategy for returning astronauts to the moon by 2024 has resigned, the space agency said on Thursday, the culmination of internal strife and dwindling congressional support for the ... More »
Bookmark?Remove? D.E. Shaw’s top shareholder activist Koffey leaves hedge fund (Reuters) – Hedge fund manager Quentin Koffey, who joined D.E. Shaw & Co two years ago from Elliott Management Corp to lead its shareholder activism strategy, has left to join Senator Investment Group LP, the firms told Reuters on Thursday. The move is a setba... More »
Bookmark?Remove? Purplebricks names interim U.S. boss, restates optimism for business (Reuters) – Purplebricks Group Plc named Phil Felice as the interim boss of its U.S. operations on Monday to oversee the online estate agent’s review of the business and said it was optimistic about the future of the business. Purplebricks had said earlier thi... More »
Bookmark?Remove? Eyewear group EssilorLuxottica resolves governance dispute PARIS (Reuters) – Eyewear group EssilorLuxottica said it had resolved a dispute between its feuding French and Italian partners, and would push on in its search for a new chief executive and its aims to centralize various new corporate functions. The resolutio... More »
Bookmark?Remove? Foxconn poised to nominate chip boss as Taiwan group’s next chair:… TAIPEI (Reuters) – iPhone assembler Foxconn is poised to nominate its chip unit head as group chairman to succeed Taiwan presidential hopeful Terry Gou, in what is internally seen as a surprise move, two people with direct knowledge of the matter said. Liu You... More »
Bookmark?Remove? PIMCO names Rene Martel as its head of retirement (Reuters) – Pacific Investment Management Co has named Rene Martel, a managing director at the Newport Beach, Calif.-based firm, as its head of retirement, a new role for the firm, a spokesman said Tuesday. Martel, who will report directly to PIMCO CEO Emmanue... More »
May indicated she could resign as price for passing Brexit deal -… LONDON (Reuters) – British Prime Minister Theresa May indicated to some Brexit-supporting lawmakers on Sunday that she would consider resigning in exchange for parliament backing her Brexit deal, The Sun newspaper reported. “The major admission came in a priva... More »
Bookmark?Remove? Oil major Total CEO’s compensation drops 17 percent in 2018:… PARIS (Reuters) – The board of French oil and gas major Total has proposed total 2018 compensation for Chief Executive Patrick Pouyanne of 3.1 million euros ($3.55 million), compared with 3.8 million in 2017, company documents showed on Wednesday. The total pa... More »
Bookmark?Remove? Advantage Lithium replaces CEO in wake of college admissions scandal (Reuters) – Advantage Lithium Corp said on Thursday it has temporarily replaced Chief Executive David Sidoo as he battles U.S. fraud charges connected to a sweeping college admissions scandal. The company has named board member Callum Grant, an engineer by tra... More »
Bookmark?Remove? TPG Rise founder leaves firm in wake of U.S. college admissions… NEW YORK (Reuters) – TPG Capital senior executive Bill McGlashan on Thursday left the private equity firm after he was charged in connection with a U.S. college fraud scheme that has ensnared Hollywood celebrities and corporate elite. It is the latest fallout ... More »
Bookmark?Remove? JPMorgan merges commercial banking groups for fast-growing start-ups NEW YORK (Reuters) – JPMorgan Chase & Co said on Monday it is combining its middle-market technology and emerging growth commercial banking teams to better position the bank to handle start-ups that rapidly grow to be big companies. The technology and disrupti... More »