In a statement Rolls-Royce said, Anita Frew will succeed Ian Davis as the company’s chairwoman on October 1 2021, making her the first woman to chair the British aero-engine company. Davis will be retiring from the company as its chairman… Read More ›
management
Cosmetic maker Coty Inc names Andrew Stanleick as CEO
On Wednesday, in a statement cosmetics maker Coty Inc said, it has appointed Andrew Stanleick as its CEO. Stanleick will manage reality TV star Kim Kardashian West’s business for Coty, said the company, as it pushes into new newer beauty… Read More ›
Karen Seymour, Goldman Sachs top lawyer leaves bank, second departure from Goldman’s management committee this week
According to a report from Bloomberg citing sources familiar with the matter at hand, Karen Seymour, Goldman Sachs Group Inc’s general counsel is leaving the bank. Karen Seymour, Goldman’s top lawyer, played a pivotal role in negotiations the bank’s settlement… Read More ›
Jim Bell resigns as GameStop’s CFO
In a statement GameStop said, its Chief Financial Officer Jim Bell will be stepping down next month with the video game retailer saying, it is increasingly focusing on shifting into technology-driven sales. GameStop reiterated that Bell’s resignation was not due… Read More ›
Amazon.com Inc’s Senior Vice President Jeff Blackburn leaves the company
In an internal note, Amazon.com Inc’s Senior Vice President Jeff Blackburn said, he is leaving the company after having spent 22 years in the company. Blackburn used to oversee Amazon’s mergers and acquisitions division; he has been on a sabbatical… Read More ›
Mark Carney, former head of UK and Canadian central bank, joins fintech Stripe Inc’s board
In a significant development, Mark Carney, the former head of the UK and Canadian central banks, has joined Stripe Inc’s board of directors. The development comes in the wake of the company reporting that it plans on a funding round… Read More ›
Air Line Pilots Association reject tentative deal signed by JetBlue Airways Corp and American Airlines Group Inc
In a statement, the union of JetBlue Airways Corp stated, it has rejected a tentative agreement that would have given the airline contractual relief to implement its planned partnership with American Airlines Group Inc. In July, budget carrier JetBlue and… Read More ›
Founder of SoftBank-backed Roivant Sciences steps down as CEO
Matt Gline, the founder of SoftBank-backed Roivant Sciences, a biotechnology company, said he will be stepping down from the office of the chief executive officer. The company’s Chief Financial Officer (CFO) Vivek Ramaswamy will step into the role of executive… Read More ›
U.S. hedge fund Elliot Management closes Hong Kong Office
U.S. hedge fund Elliott Management will be closing its office in Hong Kong. It has shifted responsibility for Asian investment decisions to London and Tokyo in the last three years. According to a source familiar with the matter at hand,… Read More ›
Swiss specialty chemicals giant Clariant AG cuts 1,000 jobs midst divestments
On Wednesday, Swiss speciality chemicals giant Clariant AG stated, it plans on cutting nearly 1,000 jobs as it tappers down midst a series of divestments. “The rightsizing program foresees a reduction of approximately 1,000 positions in service and regional structures…. Read More ›