Ulrich Spiesshofer, ABB’s CEO since 2013, has agreed with the board to step down. On Wednesday, ABB stated, it has appointed its Chairman Peter Voser as its interim chief executive following the stepping down of its CEO Ulrich Spiesshofer. In… Read More ›
Creditors for debt-laden South Korean airlines will come up with a financial support plan either by late April or early May. On Tuesday, as per a statement from the Korea Development Bank, the principle creditor of Asiana Airlines, creditors are… Read More ›
Along with Nora Mead Brownell’s appointment, PG&E Corp added several others to its board. These new addition to its board come in the wake of an ongoing battle with shareholder BlueMountain Capital Management LLC as well as crushing liabilities from… Read More ›
Given Renault’s stake in Nissan, Jean-Dominique Senard, Renault’s chairman, will be joining Nissan’s board. On Wednesday, the Financial Times reported citing sources with knowledge of the discussions at hand, Nissan Motor Co Ltd’s independent committee on governance is likely to… Read More ›
Goldman Sachs is yet to disclose who will be replacing Ken Hitchner as the chairman and chief executive officer of Goldman Sachs Group Inc for the Asia-Pacific region excluding Japan. A Bloomberg report citing sources familiar with the knowledge at… Read More ›
The planned meeting is aimed at renewing and strengthening the bonds of the alliance. On Tuesday, Japanese automaker Nissan stated, Renault’s chairman is slated to meet its CEO later this week in Japan. The development comes as both automakers are… Read More ›
The development assumes significance since the lobby group has been one of the main channels through the UK’s financial services firms lobbied the British government for a favorable outcome vis-a-vis Brexit. On Monday, TheCityUk, a British financial industry lobby group,… Read More ›
TerraPower aim to use depleted uranium as the fuel for its nuclear reactors. As per a report from the Wall Street Journal, a nuclear energy venture co-founded and chaired by Bill Gates is looking for a new partner for early… Read More ›
Although Nissan’s board fired Ghosn as its chairman as well as Kelly as its representative director; technically both are still board members and can be only removed by shareholders. On Wednesday, Nissan’s former director Greg Kelly was examined at a… Read More ›
Macro and micro economic conditions makes investment opportunities in India a lucrative option. In an interview published by the Economic Times on Friday, Blackstone’s chairman Stephen Schwarzman stated, given India’s current scenario, this is the best time to invest in… Read More ›
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