corporate-governance
BusinessPuig Shares Drop After Withdrawal of Some Batches of Charlotte Tilbury Spray
BankingNorway Should Begin Process of Divesting Russian Assets, Central Bank Says
BusinessVestas CFO to Step Down, Shares Slip 5%
Top StoriesFrance’s Orano Says It Has Lost Control of Uranium Mine in Niger
Palliser Intensifies Campaign to Push Rio to Give up London Listing, Ft Reports
Date: December 4, 2024
(Reuters) – Activist investor Palliser Capital has intensified its bid to push Rio Tinto to abandon its London listing, demanding an independent review of the miner’s corporate structure in Australia, the Financial Times reported on Wednesday. Palliser had first called for Rio to abandon its London listing and unify its corporate structure in Australia in...
Exclusive-Intel Approaches Candidates for CEO Role, Including Former Board Member Lip-Bu Tan, Sources Say
Date: December 4, 2024
By Max A. Cherney and Milana Vinn (Reuters) -Intel has started evaluating a handful of outsiders, including former board member Lip-Bu Tan, for the role of chief executive after the struggling American chipmaking icon ousted company veteran Pat Gelsinger, according to people familiar with the matter. Tan, a well-respected semiconductor industry veteran who has long...
Barclays Reaches $19.5 Million Settlement Over $17.7 Billion Debt Sale Blunder
Date: December 4, 2024
NEW YORK (Reuters) – Barclays agreed to pay $19.5 million to settle a lawsuit in Manhattan by shareholders who accused the British bank of securities fraud after it sold $17.7 billion more debt than regulators allowed. A preliminary settlement of the proposed class action was filed on Tuesday in Manhattan federal court, and requires approval...
Forvia Says CEO Koller to Step Down in March 2025, Succeeded by Martin Fischer
Date: December 3, 2024
(Reuters) – Forvia has appointed Martin Fischer to replace Patrick Koller as its CEO from the beginning of March 2025, the French car parts supplier said on Tuesday. Fischer, an auto industry veteran who most recently served as a member of ZF Group’s management board, will join Forvia as a deputy CEO on Friday to...
Leonardo Has No Plans to Change Its Stake in Germany’s Hensoldt
Date: December 3, 2024
ROME (Reuters) – Leonardo has no intention to change its stake in Germany’s Hensoldt, the Italian defence and aerospace group’s chief executive said on Tuesday. “Our stake is good as it is. For fair play we will wait for a decision by the German government, to make any change,” CEO Roberto Cingolani told reporters ahead...
Tavares Clashed With Stellantis Board Over Revival Plan, Sources Say
Date: December 3, 2024
By Giulio Piovaccari and Alessandro Parodi MILAN (Reuters) – Outgoing CEO Carlos Tavares clashed with Stellantis’ board over his plans to quickly turn around the ailing U.S. business by cutting costs, rather than focusing on long-term strategy, investors and bankers familiar with the matter said on Monday. Shares in the Jeep, Fiat and Peugeot manufacturer...