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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...
Ford to Lower Managers’ Bonuses if Company Performance Fails to Improve, Sources Say
Date: October 31, 2024
By Nora Eckert DETROIT (Reuters) -Ford Motor CEO Jim Farley has told employees that the automaker needs to speed efforts to improve quality and lower costs, and that manager bonuses, which are tied to those metrics, would be slashed to 65% of their total, according to three people familiar with the matter. Farley recently introduced...
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...
Spain’s Caixabank Appoints Tomas Muniesa as Non-Executive Chairman
Date: October 30, 2024
By Jesús Aguado MADRID (Reuters) – The deputy chairman of Caixabank, Tomas Muniesa, will succeed Jose Ignacio Goirigolzarri as chairman of Spain’s biggest lender by domestic assets, it said on Wednesday, confirming an earlier Reuters report. The reshuffle comes as Europe’s lenders seek to adapt to a changing market environment, with margins under pressure from...
Estee Lauder Names Insider De La Faverie as New CEO to Kickstart Turnaround
Date: October 30, 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 Malone...
Virgin Money UK Picks Insider Gergely Zaborszky as Next CFO
Date: October 30, 2024
(Reuters) – British lender Virgin Money UK said on Wednesday that insider Gergely Zaborszky would take on the role of its CFO, after current finance boss Clifford Abrahams leaves the company in December. Abrahams will stay with the company until Dec. 15, and Zaborszky, who currently heads FP&A and Capital Management at Virgin Money, will...