Trafigura names Richard Holtum as new CEO By Reuters – Investing.com
Robert Harvey (Reuters) – International finance company Trafigura said on Tuesday that Richard Holtham will take up the role of chief executive officer from Jan. 1 next year. Jeremy Weir, who has served as CEO for more than 10 years, will step down and become group chairman on the same day. Holtum, who will join […]
Telegram CEO Pavel Durov will hand over data to government
Embattled Telegram CEO Pavel Durov has reportedly agreed to hand over the IP addresses and phone numbers of users of the encrypted messaging app to government authorities who make valid legal requests. Durov, a Russian-French billionaire who was arrested in France last month and charged with numerous offences including facilitating the spread of child pornography […]
Nike stock surges as CEO Elliott Hill tries to rally the troops
Wall Street cheered sneaker giant Nike's move this week to oust Chief Executive Officer John Donahoe, sending the company's shares soaring more than 8% after struggling over the past year amid sluggish sales. The stock price surge comes as longtime Nike executive Elliot Hill, who left the popular sportswear brand in 2020 but returned as […]
Nike CEO John Donahoe retiring in major shake-up
Nike Inc. said Thursday that former senior executive Elliot Hill will return to the company as president and CEO, succeeding John Donahoe, as the sporting goods giant shakes up its executive ranks as part of an effort to revive sales and combat growing competition. The company's shares rose 9% in after-hours trading. Hill spent 32 […]
Nike CEO To Retire As Sportswear Company Sales Drop
The Nike logo is displayed at the Nike Well Collective store in Glendale, California on February 16, 2024. (Photo by Mario Tama/Getty Images) By James Myers, OAN StaffThursday, September 19, 2024 3:22 PM Sports brand Nike said on Thursday that Chief Executive Officer John Donahoe will step down after more than five years at the […]
Babylon Bee CEO donates $100k to KEEP Florida Pro-Life
Florida's Amendment 4, which would essentially legalize abortion up until birth, among other things, is set to be on the ballot this November. Babylon Bee CEO Seth Dillon has donated $100,000 of his own money to persuade Floridians to vote against the amendment and keep Florida a pro-life state. “The biggest thing that will have […]
23andMe board resigns in blow to CEO Anne Wojcicki
All seven members of 23andMe's board of directors have resigned in a scathing rebuke of CEO Anne Wojcicki's proposed plan to take the company private. Wojcicki said: Trying to take the company private Since April, it has offered to acquire all of the outstanding shares of 23andMe stock not owned by her or her affiliates. […]
Amazon employees slam CEO Andy Jassy’s return-to-office mandate
Amazon is forcing employees to come into the office five days a week, but they're not happy about it. Employees aired their frustrations on Slack after Andy Jassy, who took over as CEO in 2021, said in a memo on Monday that employees should return fully to the office by January. The mandate to return […]
OceanGate CEO crashed submersible into shipwreck in 2016, threw controller at crew: ex-employee
David Lockridge, Ocean Gate's former director of operations who indicated the experimental submersible Titan was unsafe before its final, fatal voyage, spoke to U.S. Coast Guard investigators on Tuesday about an earlier mission that ended disastrously when it collided with CEO Stockton Rush. Lockridge, who was responsible for the safety of the entire crew and […]
Wall Street CEO Peter Orszag downplays worries about junior bankers’ long hours
Wall Street's top chief executive has rejected concerns that young bankers are suffering from burnout, arguing that junior staff should be able to tolerate long hours in “interesting” work. Lazard CEO Peter Orszag appeared to downplay criticism that newcomers to the banking industry are overworked, even as JPMorgan is limiting the hours of junior team […]