While earlier this week, Tesla Inc’s Chief Executive Officer Elon Musk had disclosed that the electric carmaker will be building its new “Gigafactory 4,” in the “Berlin area” the electric carmaker has now revealed its new European Gigafactory, which is… Read More ›
CEO
Bernard J. Tyson, chairman and CEO of health insurer Kaiser Permanente passes away at 60
Bernard J. Tyson, chairman and chief executive officer of not-for-profit health insurer Kaiser Permanente, died in his sleep aged 60, said the company in a statement. Tyson, who rose to the top job since 2013, was the company’s first black… Read More ›
Volkswagen new energy vehicle plant in Shanghai to begin production in 2020
In a statement Volkswagen’s CEO Herbert Diess disclosed production at Volkswagen’s and SAIC Motor Corp’s $2.5 billion new energy vehicle plant in Shanghai has commenced. He made these comments to reporters while taking a tour of the plant. In a… Read More ›
David Howson named CEO of stock exchange operator Cboe Global Markets
Mark Hemsley, President of Cboe Europe, would be retiring from the company at the end of February. Howson has been named as his successor. On Friday, stock exchange holding company Cboe Global Markets stated, Mark Hemsley, President of Cboe Europe,… Read More ›
Fiat Chrysler and Peugeot set to merge to create world’s 4th largest automaker
The boards of both companies hve agreed to the merger and a binding MOU is set to be signed in the coming weeks. On Thursday, in a joint statement, Peugeot’s owner PSA and Fiat Chrysler stated, they would merge by… Read More ›
Lazard appoints Louis Girodolle as CEO of Lazard Investment Banking in France
Louis Girodolle has his job cut out given the challenging market environments as well as the need to retain clients in the wake of Matthieu Pigasse’s resignation as the bank’s CEO and chairman. In a statement 171-year-old bank Lazard said,… Read More ›
Citigroup names Peter Babej as its Asia Pacific CEO
Babej joined Citi in 2010 as its co-head having previously worked at investment bank Lazard and Deutsche Bank. On Thursday, in an internal memo Citigroup Inc stated, it has named Peter Babej, who currently is its current global head, as… Read More ›
Russian investors keen to invest in Saudi Aramco’s IPO
The development underscores a growing closeness between Moscow and Riyadh. In a development that underscores growing trade relations between Saudi Arabia and Russia, Kirill Dmitriev, the chief executive officer of Russian sovereign wealth fund RDIF stated, a number of Russian… Read More ›
Banknote and passport printer De La Rue Plc appoints Clive Vacher as its CEO
London-listed De La Rue has printed nearly one third of the world’s banknotes in circulation; it is also the world’s biggest commercial printer of passports. On Monday, passport and Banknote printer De La Rue Plc stated, it has named Clive… Read More ›
Rob Lynch to head Papa John’s International Inc
Rob Lynch will become the CEO of the Pizza chain effective from today. According to a report from Bloomberg, Papa John’s International Inc is set to appoint Rob Lynch, president of Arby’s Restaurant Group Inc, as its new chief executive… Read More ›