Spotify founder Ek to step down as CEO to focus on long-term strategy
- 30-Sep-2025
Spotify founder-CEO Daniel Ek will step down to become executive chairman in January, the Swedish streaming company said on Tuesday
Nestle dismisses CEO Freixe after romantic relationship with staffer
- 02-Sep-2025
Nestle has abruptly dismissed its CEO Laurent Freixe for failing to disclose a romantic relationship with a subordinate, the Swiss food giant said on Monday, a dramatic removal a year after he took the reins. The maker of products ranging from KitKat to Nesquik said that it had appointed veteran insider Philipp Navratil, who had […]
Intel appoints chip industry veteran Lip-Bu Tan as CEO
- 13-Mar-2025
Intel (INTC.O) on Wednesday named former board member and chip industry veteran Lip-Bu Tan as its CEO and signaled the struggling but storied chipmaker was unlikely to split up its chip-design and manufacturing operations. The appointment, effective March 18, comes three months after Intel ousted CEO and company veteran Pat Gelsinger, whose costly and ambitious […]
Tesla hits $1 trillion market value as Musk-backed Trump win fans optimism
- 09-Nov-2024
Tesla’s market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk’s companies will get favorable treatment under President-elect Donald Trump for his extensive support during the poll campaign. The electric automaker’s shares jumped 8.2% to $321.22, catapulting the company’s valuation above the trillion-dollar mark for the […]
Britain’s CEOs get record pay in 2023
- 12-Aug-2024
The CEOs of Britain’s biggest companies enjoyed record pay in 2023, with nine firms offering them packages of more than 10 million pounds ($12.75 million), research on Monday showed, as British workers argue for higher wages. The median pay for a FTSE-100 company CEO rose 2.2% to 4.19 million pounds last year, think tank the […]
Farrukh H Khan quits as PSX CEO
- 05-Jul-2024
KARACHI The Pakistan Stock Exchange (PS) Chief Operating Officer(CEO) Farrukh H Khan on Friday quit from his office, ARY News reported. According to official statement from the PSX, Mr. Farrukh H Khan has tendered his resignation from the position of CEO PSX in order to pursue other opportunities. “The board has called an emergent […]
PIA gets new CEO
- 10-Aug-2023
KARACHI: Air Vice Marshal (retired) Muhammad Amir Hayat has been appointed Pakistan International Airlines (PIA) Chief Executive Officer (CEO), ARY News reported on Thursday. According to PIA spokesperson, the appointment of Muhammad Amir Hayat has been made for a year. Earlier, the retired Air Vice Marshal was working as acting CEO of PIA. The position […]
Elon Musk says he has found new Twitter CEO
- 12-May-2023
Elon Musk said on Thursday he has found a new chief executive for Twitter, but did not name the person, while the Wall Street Journal reported that Comcast (CMCSA.O) NBCUniversal executive Linda Yaccarino was in talks for the job. Musk said in a tweet: “Excited to announce that I’ve hired a new CEO for X/Twitter. She will […]
Joe Biden nominates former Mastercard CEO Ajay Banga to head WB
- 24-Feb-2023
WASHINGTON: US President Joe Biden nominated former Mastercard Inc (MA.N) CEO Ajay Banga to lead the World Bank, betting the India-born executive’s ties to the private sector and emerging markets will jump-start the 77-year-old institution’s overhaul to better address climate change. Biden’s nomination on Thursday of Banga, 63, now a US citizen, all but assures he […]
Amazon CEO says job cuts to exceed 18,000 roles
- 05-Jan-2023
Amazon.com Inc’s (AMZN.O) layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s e-commerce and human-resources organizations, he said. The cuts amount to 6% […]