At the Business Standard BFSI Insight Summit 2026, McKinsey's Sengupta said that founders must balance long-term ambition, take calculated risks, and plan succession to ensure business continuity
The payout comprises ₹15.24 crore in replacement shares due under the former CEO's long-term incentive plan for FY23-FY25, along with a ₹2.5 crore one-time reward approved for FY25
Carol Furtado has been appointed acting MD and CEO with immediate effect, subject to RBI approval, while the bank begins the process of identifying a successor
Manifold's dismissal is the latest in a prolonged period of leadership upheaval at BP, which has included 3 CEOs in as many years, and raises fresh questions about company's internal processes
Under Solomon's leadership last year, Goldman posted record revenue in its banking and markets division and record management fees in its asset-management business
BP has been under pressure from Elliott to improve its performance, after Auchincloss reset the company's strategy in February by promising to refocus on oil and gas
Hinduja Renewables said Thakur has over 30 years of experience in renewables, infrastructure, industrial products and electronics, with senior roles at Mahindra Group, Reliance and others
OneAssist has appointed Abhishek Maheshwari as CEO to lead business strategy, AI adoption and expansion into new categories and geographies to serve more households
Bank of America named Dean Athanasia and Jim DeMare as co-presidents reporting to CEO Brian Moynihan, while Alastair Borthwick adds executive VP title to his CFO role
Nestle has dismissed its chief executive, Laurent Freixe, following an internal investigation. Philipp Navratil has been appointed the new CEO to lead the company forward
Hari Menon dismissed reports of succession planning at Bigbasket, ruling out a CEO hire and stressing that founders have no contractual timeline to step away from management roles
The decision comes at a time when demand for gas turbines has increased globally, due to the proliferation of data centers, new manufacturing and continued electrification
Tan has reached out to the White House to clear up what he called "misinformation" about his track record, he said in a letter to staff posted on Intel's website
The firm stated that Yezdi has led its strategic priorities, including governance, client relationships, and organisational culture, contributing to steady growth
Currently chief operating officer, Jejurikar will succeed Jon Moeller as chief executive officer and become the first Indian to lead Procter & Gamble in its history
The reshuffle at the top is the latest disruption for the company since the EU announced a new round of sanctions last Friday directed at Russia over its war in Ukraine
