Wells Fargo “predatory and unlawful practices” continues to haunt the bank. The scandal saw two CEOs leave the bank. Wells Fargo is still looking for a CEO. According to a statement from the Navajo Nation, a Native American tribe, Wells… Read More ›
CEO
Bjorn Rosengren steps down as CEO of Swedish engineering group Sandvik
Bjorn Rosengren will be joining Swiss-Swedish robotics and engineering group ABB Ltd as CEO in February 2020. Swedish engineering group Sandvik stated, its Chief Executive Officer Bjorn Rosengren will be stepping down from 2020; he will be joining Swiss-Swedish robotics… Read More ›
Jezz Bezoz sells 990 million Amazon.com Inc’s shares, makes $2.8 billion
Jeff Bezoz had earlier stated, he would be selling stock every year to fund Blue Origin. As of last Friday, Amazon.com Inc’s Chief Executive Officer Jeff Bezos has sold $990 million worth of shares in the company and made a… Read More ›
Newell Brands Inc appoints Ravi Saligram as its Chief Executive
Newell Brands Inc is currently led by its CFO Christopher Peterson, who was appointed as its CEO on an interim basis. On Tuesday, according to a report by the Wall Street Journal, U.S. household goods maker Newell Brands Inc, has… Read More ›
Swedbank suspends Estonian heads in Danske Bank probe
The suspensions are aimed at helping Swedbank with discussions with authorities in the ongoing Danske Bank probe. In a significant development, Swedbank has suspended, with immediate effect, the two most senior executives at its Estonian business, which is being investigated… Read More ›
Intesa rulls out leading consortium for rescue effort for Carige
Intesa’s CEO has ruled out leading a rescue effort for Carige. On Wednesday, Intesa Sanpaolo’s Chief Executive Carlo Messina stated, it will not invest any more into an industry fund that could come to the rescue of struggling regional lender… Read More ›
BMW does not currently aim to take a stake in Daimler: CEO
Although both carmakers are holding exploratory talks on ways to deepen their alliance in the area of autonomous vehicles, taking a stake in rival Daimler is not currently part of its playbook. On Tuesday, BMW’s Chief Executive Harald Krueger made… Read More ›
Andy Hornby appointed CEO of Restaurant Group Plc
Andy Hornby replaces Andy McCue who stepped down in February due to personal circumstances. Restaurant Group Plc, the owner of Frankie & Benny’s, stated it has appointed Andy Hornby as its as its new chief executive. Hornby was the co-chief… Read More ›
German brake maker Knorr Bremse’s CEO resigns with immediate effect
No reason has been provided by Knorr Bremse for Klaus Deller’s removal as its CEO. Analysts believe Deller’s resignation may not have anything to do with the company’s financial performance or strategy. In a significant development, Knorr Bremse, a brake… Read More ›
Gardner Denver Holdings Inc close to merger deal with Ingersoll-Rand Plc
The potential deal is likely to be structured using Reverse Morris Trust – a tax-efficient way that companies typically use to sell of large assets. The potential deal is likely to be announced in the coming days. As per a… Read More ›
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