management
UncategorizedNorthvolt Appoints Restructuring Expert to Oversee Main Battery Plant
BusinessVw Plans for Factory Closures Cross Several Red Lines, Works Council Chief Says
BusinessPolish Fashion Retailer Lpp Appoints Marcin Bojko as Deputy CEO
BusinessFactbox-Seven & I’s Reported Offer and the Biggest Management Buyouts to Date
Endeavor to Sell OpenBet, Img Arena for About $450 Million to Management-Led Group
Date: November 12, 2024
(Reuters) – Endeavor Group will sell its OpenBet and IMG Arena businesses to management-led group OB Global backed by Hollywood power broker Ari Emanuel for about $450 million, the sports and entertainment company said on Monday. The deal, which includes participation from OpenBet executives including CEO Jordan Levin, is a “necessary step” for the closing...
Schroders’ New CEO Shakes up Top Team After Bruising Year
Date: November 11, 2024
LONDON (Reuters) – New Schroders CEO Richard Oldfield has more than halved the size of the asset manager’s executive team as he looks to reboot performance after a string of disappointing earnings updates and big ticket client exits. Former finance chief Oldfield takes over from long-standing boss Peter Harrison who retired on Friday, and in...
Oaktree Capital Urges UK’s Indivior to Refresh Board
Date: November 9, 2024
(Reuters) –Investment fund Oaktree Capital Management has urged British drugmaker Indivior to cooperate with the fund in refreshing its board of directors, it said in a letter dated Nov. 6 and published in a filing on Thursday. The request from the fund, which became the company’s second largest shareholder in July, comes weeks after Indivior...
Nissan to Axe 9,000 Jobs, Cut Production on Weak China, US Sales
Date: November 7, 2024
By Daniel Leussink TOKYO (Reuters) -Nissan Motor will cut 9,000 jobs and 20% of its global manufacturing capacity, the automaker said on Thursday, as it scrambles to reduce costs by $2.6 billion in the current fiscal year amid a sales slump in China and the U.S. The plans underline the vulnerability of Japan’s third-largest automaker,...
Iveco to Accelerate Cost Cutting Plans as Q3 Operating Profit Drops 13%
Date: November 7, 2024
By Giulio Piovaccari MILAN (Reuters) -Iveco Group said on Thursday it would accelerate plans to cut costs and improve efficiency as it reported a 12.6% decline in its third-quarter operating profit due to a decline in heavy duty truck and bus volumes in Europe. Shares in the company were up 6.7% by 1015 GMT, among...
Safran Appoints New CEOs for Its Aircraft Engines, Electrical & Power Units
Date: November 7, 2024
(Reuters) – Safran has appointed Stephane Cueille as CEO of its Aircraft Engines unit, replacing Jean-Paul Alary effective in the first few months of 2025, the French jet engine maker said on Wednesday. Cueille will remain as CEO of Safran Electrical & Power until Jan. 1, 2025, the company said in a statement. He will...