Warren Buffett's investment firm, Berkshire Hathaway, has bought more shares than it sold for the first time in years under its new CEO, Greg Abel. This marks a significant shift in the company's investment strategy.
Wendy's new CEO is initiating a turnaround strategy, acknowledging that issues with food quality and service have led to customer dissatisfaction and a decline in market share.
Diageo, the maker of Johnnie Walker, is planning $1 billion in cost cuts as its new CEO outlines a turnaround strategy to confront weak growth. The initiative aims to streamline operations and improve financial performance.
Iraq is reportedly entering a period of financial difficulty, with concerns raised about the availability of money. This comes as other major companies, like Air India, also face significant financial and operational turbulence.
BusinessTimes of Indiahindustan-timesindian-express+2ndtvchannel-news-asia4d ago5 sources
Tewolde Gebremariam, the former chief of Ethiopian Airlines, has been appointed as the new Chief Executive Officer and Managing Director of Air India. He brings 37 years of aviation experience to the role, succeeding Campbell Wilson.
A significant shareholder in Ethan Allen has taken a stake in the company and is advocating for a new CEO and board of directors. The shareholder believes a change in leadership is necessary.
The new CEO of Lucid, Peter Rawlinson, cautions that the US electric vehicle market cannot remain isolated from Chinese competition, predicting an industry 'shakeout' and announcing a $1.4 billion cost-cutting program for the carmaker.
BioNTech has adjusted its financial forecast as new CEO Guido Oelkers takes the helm, with the company now prioritizing the success of two cancer medications to offset declining revenues from its vaccine business.
TELA Bio has announced the appointment of Heather Getz as its new Chief Executive Officer and Director. This leadership change is expected to guide the company's future strategic direction.
Macquarie, often dubbed 'The Millionaires’ Factory,' is expected to undergo strategic adjustments under its new CEO, potentially leaning more into traditional banking while exploring new avenues for growth.
High street retailer New Look, which operates 309 stores in the UK, has appointed Lynda Petherick as its new chief executive officer amidst a push for online shopping and loyalty programs.
Berkshire Hathaway's investment in Alphabet has grown to over $30 billion, a significant holding that new CEO Greg Abel will manage. New analysis details three key reasons why Berkshire Hathaway maintains this substantial investment in the tech giant.
Airlines are demonstrating continued confidence in Boeing, with the company narrowly surpassing Airbus in order tallies at the Farnborough Airshow. This signals a positive trend for Boeing under its new CEO, Kelly Ortberg.
Scale AI has announced the appointment of Francis deSouza, a former Google Cloud executive, as its new Chief Executive Officer. This leadership change aims to guide the company's future growth and strategic direction.
Michael Leiters, the new CEO of Porsche, has warned of a potential 'erosion of our prosperity' and announced plans to realign the company with new models, while also discussing the challenging relationship with VW.
BMW's new CEO, Milan Nedeljković, announced plans to cut 5% of the company's 150,000 jobs, with half of the reductions occurring in Germany, primarily through voluntary severance packages rather than forced layoffs.
The Pentagon announced it would not finish spending Ukraine aid funds until after the year Donald Trump leaves office, while Trump faces ongoing legal challenges and makes controversial statements regarding international allies and conflicts. These developments occur as over 600 US troops have been wounded since the Iran war began, and a Trump-linked influencer visited a rebuilt power substation in Ukraine.
Cracker Barrel Old Country Store has announced the appointment of David Deno as its new Chief Executive Officer, replacing Julie Masino. Deno's appointment marks a significant leadership change for the restaurant and retail chain.
Rafael Oliveira, formerly from a coffee and tea provider, has been appointed as the new CEO of Dutch beverage giant Heineken, set to take office in October.
Mobileye, an Intel subsidiary specializing in autonomous driving technologies, exceeded its financial estimates and is now seeking a new CEO following the departure of its founder.
Rutgers University's Scarlet Knight Enterprises has named Fred Mangione as its new CEO, bringing additional professional experience to the organization.
FirstCash has named Brent Stuart as its new CEO, while Rick Wessel will transition to the role of executive chairman, signaling a leadership change within the company.
The Academy of Country Music has officially named Andy Schuon, a seasoned media executive with a background at MTV, Warner Records, and other major companies, as its new CEO.
Aleander Balzan, a former official in the Office of the Prime Minister who was blamed for Labour's poor performance in the 2024 MEP elections, has been appointed to a senior government executive position. This move is seen as a reward despite his previous scapegoat role.
Talgo, the Spanish train manufacturer, has named Ricardo Chocarro as its new Chief Executive Officer. Chocarro has been a member of Talgo's Board of Directors since February 2026.
The parent company of the fast-casual pizza chain &pizza has announced the appointment of a new chief executive officer. This leadership change is expected to guide the company's future strategic direction and growth.
The Shri Ram Janmabhoomi Teerth Kshetra Trust is actively searching for a new Chief Executive Officer, with a three-member committee aiming to finalize the selection within 30 days and openness to appointing a woman.
Sempra has announced significant leadership changes, appointing CFO Karen Sedgwick as the new CEO of SoCalGas. Justin Bird will take over Sedgwick's previous role as Chief Financial Officer for Sempra.
Quantix has announced the appointment of a new CEO after undergoing a period of financial restructuring. The new leadership is expected to guide the company forward post-reorganization.
Ceconomy's new CEO, Remko Rijnders, announced plans to make MediaMarkt and Saturn more profitable, indicating that the Saturn brand will undergo a significant transformation.
István Kapitány has been appointed as the new CEO of Eximbank and MEHIB, institutions that the Orbán government has frequently used to provide financial support to pro-government business circles.
The new CEO of MUFG, Japan's largest bank, has reignited ambitions to position the institution among the world's top five banks, reflecting growing confidence within Japanese banks forecasting another year of record profits due to rising rates and increased loan demand.
Innocean has named Lee Il-seop, previously a director at Apple Korea, as the new CEO of its digital marketing subsidiary, D.Plan360. Lee brings over 25 years of experience in marketing and advertising to his new role.
The new CEO of MTVA (Hungarian Public Service Media) has issued immediate instructions to halt payments and investments, suspending almost all operations beyond daily functioning during an audit period, and has taken over the handling of press inquiries.
Biotech firm Idorsia has named Roland Wandeler as its new CEO, marking the fourth leadership change in just over two years, with investors reportedly unfamiliar with the designated chief.
PwC Cyprus has announced a leadership change, with Andreas Yiasemides taking over as CEO for a four-year term starting July 1, 2026, succeeding Philippos Soseilos.
Bosch announced that Christian Fischer, currently the company's deputy CEO, will take over as the chief executive officer of the world's largest automotive parts supplier.
Heineken has appointed Rafael Oliveira as its new CEO and General Director, marking the first time in the Dutch brewing giant's history that the top position has been given to someone from outside the company's internal structures.
Swiss family-owned toothbrush manufacturer Curaden is facing significant challenges, including high operating costs and competition from industry giants like Colgate, as its new CEO steps into her role.
Lucid Motors' newly appointed CEO has announced a significant workforce reduction, cutting 18% of the staff. The move is aimed at simplifying the company's operations and improving efficiency.
Aurivo Co-operative Society has announced the appointment of JP McGrath as its new Chief Executive Officer. McGrath will take the helm of the cooperative.
ConocoPhillips has announced the appointment of a new Chief Executive Officer, a development that coincides with the company reporting boosted profits driven by climbing global oil prices.
Disney has admitted that its recent releases, 'The Mandalorian and Grogu' and 'Moana,' underperformed at the box office, despite fueling other parts of the company like merchandise sales. The company's CFO noted that theatrical performance is just one data point in their overall strategy.
Lululemon, known for its leggings, is reportedly experiencing internal conflict following a problematic product launch earlier this year. The athleisure giant has appointed a new CEO, signaling a potential fresh start amidst its challenges.
EV manufacturer Lucid Group missed its second-quarter financial expectations and did not provide updated guidance as it undergoes an 'operational reset' under its new CEO.
IndiGo's new CEO, Pieter Elbers Walsh, communicated to staff that despite a challenging operating environment, the airline's strategic direction will remain unchanged.
Willie Walsh, former IATA chief, has officially taken charge as the new CEO of IndiGo. His appointment marks a significant leadership change for the Indian airline.
Canadian communications company Telus Corp. has announced a significant dividend cut of approximately 55% and plans to divest assets, including parts of its health division, as new CEO Victor Dodig aims to strengthen the balance sheet.
Francis deSouza has been appointed the new CEO of Scale AI. He previously served as chief operating officer at Google Cloud. DeSouza aims to position Scale AI as an enterprise AI company.
Wall Street experienced market fluctuations following the Federal Reserve's interest rate decision and new inflation figures. Major tech companies like Microsoft, Apple, and Meta reported earnings, with investor focus on AI spending and its impact on future growth.
Italian soccer club AS Roma has appointed former Tod’s and Chanel executive John Galantic as its new CEO and entered a multiyear partnership with Dsquared2 for team formalwear and casual uniforms.
István Kapitány has introduced Botond Buday as the new CEO of the Hungarian Investment Promotion Agency (HIPA). Buday previously served as Deputy CEO at Wallis Group.
The new CEO of Cracker Barrel takes the helm of a company still navigating the aftermath and recovery from a significant backlash following a recent rebrand.
Bruce Vielle will assume the role of Chief Executive Officer (CEO) of the FAMAR group starting August 3, 2026, succeeding interim CEO Dr. Riku Rautsola.
Infosys announced Ashiss Kumar Dash as its new CEO designate and revised its annual growth forecast downwards after missing its first-quarter revenue expectations. The company's stock fell following the announcement.
Samsung Electronics has consolidated its robotics efforts into a new CEO-led division based in Seoul, signaling a strategic push into physical AI and humanoid robots, which has led to a rise in its share prices.
Veronica Diquattro will lead Gedi Digital's digital strategy starting October 1st, aiming to accelerate the group's technological transformation. She previously held top positions at Dazn, Spotify, and Google Play.
Veselin Sinabov, the executive director of Bulgargaz, has been replaced by Georgi Tatarski, the former head of Petrol. The decision was made by the sole owner of the gas supplier's capital, Bulgarian Energy Holding.
Cruise technology provider cruisePAL, which has an office in Limassol, has restructured its senior leadership team by appointing a new CEO to separate long-term strategic planning from day-to-day management.
Medaro Mining has announced the appointment of a new Chief Executive Officer. Further details regarding the new CEO's background and strategic vision are expected.
Alisa Bowen, formerly the president of Disney+, has been named the new CEO of Fubo, replacing co-founder David Gandler. This leadership change sees a Disney executive taking the helm of the Disney-controlled streaming service.
Italy's Transport Minister Salvini announced that new CEO and team for the state railways will be appointed on Monday, following recent train chaos, which he described as 'terrorism' and hoped was not politically motivated.
Air Canada has hired a Dutch SAS boss as its new chief executive, noting his ability to speak French, following the retirement of the previous CEO amidst a public furore over his lack of French proficiency.
Engilbert Hafsteinsson, the new CEO of Nicetravel, states that Iceland has been lagging in tourism competitiveness, as he leads a group of investors who have acquired all shares in the stable tourism company.
István Kapitány has announced the appointment of a new CEO for MVM, a Hungarian energy company, who brings over 25 years of experience in the energy sector and significant executive leadership.
Pernod Ricard Hellas announced the appointment of Christian Seel as its new Chief Executive Officer, effective July 1, 2026. In his new role, Seel will lead the Greek subsidiary of the company.
The Ram Temple Trust initially resisted Champat Rai's resignation but accepted it after bylaws were clarified. The trust is now undergoing an overhaul, including forming a panel to select a new CEO.
South Korean telecommunications company KT announced plans to invest ₩18 trillion (approximately $13.5 billion USD) in artificial intelligence. This significant investment aims to transform the company into an AI platform provider under its new CEO.
Danish energy companies Velkommen and Nettopower have been declared bankrupt, owing money not only to customers but also facing police reports. This news is part of today's business update from Berlingske, also mentioning a new CEO and a "shattered American dream."
Francesca Postolache and Anda Rojanschi have joined the new regional leadership team of PwC Central and Eastern Europe (PwC CEE), which began its mandate on July 1, 2026, under new CEO Agnieszka Gajewska.
Olivier Bramly has been named the new CEO of LFP Media, the subsidiary responsible for commercializing the television broadcasting rights for the French football championship.
Julie Kim, Takeda's new CEO, stated at her first news conference that the company aims for a return to growth within three years, targeting a return on equity of at least 5%.
Trainline has appointed the former head of Flutter UK and Ireland as its new CEO, leading to a drop in the company's share price as analysts evaluate the change in leadership.
Rafael Oliveira, the incoming chief executive of Heineken, has been granted a share package worth nearly 25 million euros as he prepares to take on his new role.
Heineken has announced the appointment of Rafael Oliveira as its new CEO, marking the first time the brewing giant has hired an outsider for the top leadership role. Oliveira previously served as a director at JDE Peet's.
Domino's has appointed its COO, Joe Jordan, as the new Chief Executive Officer, a leadership change occurring amidst a period of slowing sales for the pizza chain.
The new CEO of Turkish Airlines announced that the airline is evaluating the introduction of a premium economy cabin and other significant upgrades to its fleet.
Amazon is reportedly financing a massive gas power plant in Texas. This development is part of broader business news, which also includes Berkshire Hathaway's increased profit and share buybacks, Nvidia's planned billion-dollar deal, a calming US labor market, and Siemens' US investments.
Top headlines in the energy sector include ConocoPhillips appointing a new CEO, while climbing oil prices have contributed to boosted profits for companies like Suncor.
Diageo, the world's largest spirits maker, unveiled a $1 billion cost-cutting plan aimed at driving growth and improving its financial performance. Following the announcement, the company's shares saw a significant bounce.
Daewoo Engineering & Construction announced that CEO Kim Bo-hyun has voluntarily resigned before his term's end, with Lee Kang-seok, current head of external cooperation, nominated as his successor.
Lucid's new CEO, Silvio Napoli, stated that the EV maker launched its first two car models before they were ready, leading to customer dissatisfaction. As a result, the company is delaying the launch of its third model to ensure quality.
The board of First Water and Eggert Þór Kristófersson, the company's CEO, have agreed that Kristófersson will step down, with Einar Örn Ólafsson, former CEO of Play, taking over the position.
Ms. Geraldine Low, currently Deputy Secretary (Development) at the Ministry of National Development, will be appointed as the new CEO of Singapore's National Environment Agency (NEA) effective September 1.
An analysis questions whether Hormel Foods (HRL) stock is a good investment opportunity after the company appointed a new CEO. The article likely examines the potential impact of the leadership change.
MeCure Plc has announced the appointment of a new CEO and an executive director, signaling an end to its co-CEO leadership structure. The company states these changes aim to strengthen its competitive position and accelerate growth.
Following a significant profit decline in the second quarter, BMW's new CEO Milan Nedeljković plans to make the organization more flexible, with up to 8,000 job cuts expected to begin swiftly.
EFD Studios, Latin America’s largest film equipment rental company, has named long-term Imcine senior executive José Miguel Álvarez Ibargüengoitia as the new CEO of EFD Studios Mexico.
Speculation is rife regarding the upcoming iPhone 18 Pro, with rumors suggesting new color options, a new CEO, and the potential unveiling of Apple's first foldable iPhone in September.
David Wiens has been named the new CEO of International Tower Hill Mines. This appointment follows his resignation as CFO of Asante Gold, where Dindiok Chialin was appointed interim CFO.
Cracker Barrel has announced the appointment of the former chief executive of Bloomin' Brands as its new CEO, signaling a leadership change for the restaurant chain.
A German article details the radical restructuring and 'breakup' of Siemens, initiated by a new CEO to transform the company from a large, stagnant industrial conglomerate.
István Kapitány announced that Attila Ságodi, who previously worked at EY, KPMG, and Boston Consulting, will be the new head of the Paks II nuclear power plant project. This appointment marks a significant leadership change for the major Hungarian energy initiative.
Ben McOwen Wilson has been named the incoming CEO of PRS For Music, following the departure announcement of current CEO Andrea Czapary Martin in March.
Warrenton Oil has announced the appointment of a new Chief Executive Officer to lead the company. The change in leadership is effective immediately, marking a new chapter for the oil and gas firm.
Anurag Jain, a 1989-batch IAS officer, has been appointed as the new CEO of NITI Aayog, India's policy think tank. He previously served as the Chief Secretary of Madhya Pradesh.
Brig.-Gen. (Ret.) Guy Barlev has been named the new CEO of Israel Aerospace Industries, pending government approval. Barlev previously served as the company's executive vice-president and head of its Systems Missiles & Space Group division.
Roche has appointed Dan Malarek as the new CEO of Roche Diagnostics North America, a key leadership change for the company's diagnostic division in the region.
Coronation Merchant Bank has announced a strategic leadership transition, naming Ohiwerei as its new CEO following regulatory approval from the Central Bank of Nigeria. This appointment builds on the bank's strong foundations for long-term growth.
BMW's new CEO is reorganizing the board, with HR director Ilka Horstmeier unexpectedly leaving the company and her successor joining from Deutsche Lufthansa.
Conagra Brands' new CEO has expressed readiness to implement 'bold actions' aimed at turning around the food giant's performance and strategic direction.
Jindřich Fremuth will step down as CEO of O2 Czech Republic at the end of August to lead AI transformation for parent company PPF, with Richard Siebenstich, current director of the Commercial Division, taking over as CEO in September.
As Juventus players return for preseason, the club's front office continues to see changes, with new CEO Giovanni Carnevali bringing in a new right-hand man to improve the squad.
Jakub Fast, the new CEO of Revolut Bank in Europe, outlines ambitious expansion plans for Poland, targeting up to 15 million users. He discusses competing with traditional banks and the role of AI in customer retention.
BP Weighs North Sea Exit Under New CEO
Authored by Michael Kern via OilPrice.com,
BP has started to simplify its portfolio and cut costs, and will make fewer but better choices in which projects to invest, chief executive Meg O’Neill said on Thursday.
“We are taking concrete action to grow long-term value for shareholders: simplifying our portfolio, reducing costs, maintaining tight discipline on capex and strengthening the balance sheet,” O’Neill, the first female CEO of a B...
FuboTV has announced the appointment of Alisa Bowen, a former Disney streaming executive, as its new CEO, replacing veteran David Gandler. This leadership change brings a new strategic direction to the streaming platform.
BP's new chief executive officer is focused on streamlining the company's operations and implementing strategies to win back the trust and investment of shareholders.
Several organizations have announced new leadership, including Kevin Buchel becoming CEO of NAPCO and Brittany Schaffer taking the helm at the Country Music Association. Additionally, Jason Brenek was named CEO of Fathom Entertainment, and Air Canada appointed Anko Van der Werff as its new chief executive.
Georg Kasperkovitz, the new CEO of Austrian fiber company Lenzing, spoke about past management mistakes, challenges in the textile business, and plans for future revenue generation amidst tough competition in China.
Žilvinas Lapinskas has been appointed as the new CEO of Avia Solutions Group (ASG), the aviation group controlled by businessman Gediminas Žiemelis. The group announced the appointment on Tuesday.
Arcade, the creator management company representing The Sidemen, has announced the appointment of former Vice Media EMEA boss Matt Elek as its new CEO, with co-founder Jordan Schwarzenberger stepping down.
The newly appointed CEO of Hungary's public media organization, MTVA, has issued two instructions, emphasizing the importance of prior approvals for content.
Katrin Adt, the new CEO of Dacia since late last year, is addressing the challenge posed by the invasion of Chinese car manufacturers into the market. Adt, who spent most of her career at Mercedes-Benz, is tasked with navigating Dacia through this competitive landscape.
Channel 4 has announced its new organizational structure for the period following Ian Katz's departure, with Louisa Compton and Kiran Nataraja receiving promotions under new CEO Priya Dogra.
The state-owned Lithuanian Railways (LTG) group has initiated a selection process for a new CEO for its managing company. The announcement was made on Monday.
The new CEO of Cascale is expected to present the company's transformation plans at the 2026 meeting. This announcement signals upcoming strategic changes for the organization.
Kroger's newly appointed CEO has unveiled a strategic plan for the company, which is now under close examination by the market, raising questions about its potential impact and effectiveness.
AC Milan has officially appointed Massimo Calvelli as its new Chief Executive Officer. Club officials have stated that AC Milan will 'play to win' under Calvelli's leadership.
Gianpiero Strisciuglio has been appointed as the new CEO of Ferrovie dello Stato Italiane (FS) following the resignation of Luigi Ferraris Donnarumma. Strisciuglio's appointment is an internal choice supported by Salvini.
Flos B&B Italia has announced the appointment of Pablo Illueca as its new Chief Executive Officer. This leadership change comes amidst ongoing transformations within the company.
Porsche's new CEO appealed to shareholders for patience, promising detailed turnaround measures later this year, which include 3,900 job cuts and a strategic focus on high-end models to reverse declining profit margins and revive sales in China.
Domino's (DPZ) is placing its hopes on a new CEO to revitalize sales and turn around the company's performance, signaling a strategic shift in leadership.
Heineken has named Rafael Oliveira, the current chief of JDE Peet's, as its new CEO. Oliveira is the first outsider to lead the brewing giant and is tasked with turning around sliding beer sales.
Lucid Motors is implementing significant layoffs, cutting 18% of its workforce, a decision made under the leadership of its new CEO as the electric vehicle manufacturer aims to streamline operations.
Reports from Italy indicate that AC Milan has made a final decision regarding its next permanent CEO and sporting director, after nearly a month without a senior management structure.