corporate-governance
BusinessSafran Appoints New CEOs for Its Aircraft Engines, Electrical & Power Units
BankingCredit Agricole’s Shares Fall as Q3 Revenue Misses Forecasts
BusinessShares in Salzgitter Surge 37% on Possible Takeover Offer
BankingWells Fargo Has Tripled Political Spending With State Groups Over Past Decade
UK Lawmakers Could Question Shein Over Workers’ Rights Early Next Year
Date: November 4, 2024
LONDON (Reuters) -British lawmakers could question executives of online fast-fashion group Shein on workers’ rights as early as January, ahead of a possible London listing, according to the head of a parliamentary committee. The House of Commons’ Business and Trade Committee last week opened an inquiry into employment rights. It plans to examine the new...
Schneider Electric Ousts CEO Peter Herweck
Date: November 4, 2024
(Reuters) – Schneider Electric said on Monday its board of directors had decided to remove CEO Peter Herweck from office with immediate effect, citing “divergences in the execution of the company roadmap”. Herweck, who had been the CEO since May 2023, will be replaced by Olivier Blum, current chief of Schneider’s energy management business....
PostNL’s CEO to Step Down in April 2025
Date: November 4, 2024
(Reuters) – PostNL said on Monday that CEO Herna Verhagen had decided to step down after the Dutch postal operator’s annual general meeting on April 15, 2025. She will be replaced by current Chief Financial Officer Pim Berendsen. PostNL also lowered its normalised operating profit guidance for 2024, and now sees it at around 80...
FTSE 100 Rebounds as Reckitt and Oil Stocks Offset Budget Concerns
Date: November 1, 2024
(Reuters) – The UK’s FTSE 100 edged up on Friday from near three-month lows touched in the prior session, as gains in Reckitt Benckiser and oil stocks offset concerns about inflation sparked by Britain’s budget. The blue-chip FTSE 100 rose 0.6% by 0954 GMT, with consumer goods company Reckitt surging 9% after company, along with...
Boohoo Names Finley as CEO Against Frasers Demand to Pick Mike Ashley
Date: November 1, 2024
By Yadarisa Shabong (Reuters) -British online fashion retailer Boohoo on Friday appointed Dan Finley as its new CEO, effective immediately, in a blow to top investor Frasers which had attempted to appoint its controlling shareholder Mike Ashley to the role. Boohoo’s shares rose 3% on the news of the appointment of Finley, who is currently...
Estee Lauder Names Insider De La Faverie as New CEO to Kickstart Turnaround
Date: October 31, 2024
(Reuters) – Estee Lauder named insider Stephane de La Faverie its new CEO on Wednesday, as the company looks to revamp its business amid falling demand for cosmetics and premium fragrances with consumers getting picky with their spending. De La Faverie, currently the cosmetic giant’s executive group president, oversees high-end fragrance brands such as Jo...