Page 4 - Ceo

7-Eleven's first foreign CEO nominee confident of growth amid slowdown

The first foreigner tapped to head 7-Eleven expressed confidence Friday the Japanese convenience store chain will continue to attract thrifty customers, even in an economic slowdown. But Stephen Hayes Dacus, an American with a Japanese mother, declined to comment on the specifics of the various investment plans now being studied, including an acquisition proposal by Alimentation Couche-Tard of Canada. A special company committee, which he isn't part of, is charged with studying the options totally objectively, he said. The process is moving forward very constructively, Dacus, who is currently a director, told a small group of reporters at the Tokyo headquarters of Seven and i Holdings Co., which operates 7-Eleven. His appointment as chief executive still needs shareholders' approval, set for May. Seven and i shares have risen more than 2 per cent in the past year. Fluent in Japanese and English, Dacus said he was determined to build a culture of leadership that he's learned to adm

T Koshy steps down as CEO of ONDC after completing three-year tenure

The government-backed Open Network for Digital Commerce (ONDC) has announced that its MD and CEO, T Koshy, has stepped down following the completion of his three-year tenure at the company. ONDC is an initiative of the commerce and industry ministry to help small retailers expand their business and reduce the dominance of e-commerce giants. It aims to build an open, interoperable network on which buyers and sellers can transact without needing to be present on the same platform. "Koshy has expressed his desire to step down," ONDC said in a statement. The MD and CEO responsibilities have been transitioned to an executive committee. According to an official, the process to select a new CEO and MD would be initiated soon. ONDC offers small retailers an opportunity to provide their services and goods to buyers across the country through an e-commerce system, where buyers are able to purchase products that are sold on any platform. It is not an application, platform, intermediary or

Irwin Anand named CEO of Nimbuspost to drive growth, tech innovation

Logistics tech platform and Xpressbees subsidiary Nimbuspost on Thursday said it has appointed Irwin Anand as its new Chief Executive Officer as part of the leadership transition at the company. Anand, who was till recently the Managing Director for India and APAC at global learning platform Udemy, will focus on accelerating product innovation, enhancing seller success, driving operational excellence, and leading Nimbuspost's strategic expansion into new and existing markets, the company said. In addition, he will spearhead initiatives to strengthen operational capabilities, enhance delivery and fulfilment service, and leverage emerging technologies such as AI, automation, and real-time tracking to further improve service reliability, speed, and efficiency, Nimbuspost said. "Irwin's strategic vision is closely aligned with the company's commitment to building exceptional seller experiences, strengthening technology and data capabilities, and scaling in a thoughtful, resilient, and

Dhruv Agarwala resigns as CEO of REA India that owns Housing.com, PropTiger

Dhruv Agarwala, the CEO of REA India, that owns real estate classified platform Housing.com, has resigned from the company to pursue his own entrepreneurial journey. In 2011, Agarwala co-founded proptech firm Elara Technologies which owned PropTiger, one of the leading housing brokerage firms in the country. Later in 2017, he acquired Housing.com from Softbank and others. Australia's REA Group acquired Elara Technologies in 2020 and took control of Housing.com and PropTiger. In a statement on Thursday, Australia's REA Group announced that Agarwala has decided to step down as CEO of REA India after 14 years with the business. "Agarwala will remain with the business to support the appointment of his successor and ensure a smooth leadership transition before departing. A comprehensive process to appoint a new CEO is underway," it added. REA Group CEO Owen Wilson noted that Agarwala's leadership has been a key driver of REA India's growth. "Dhruv is an exceptional entrepreneur and ha

We want to promote beauty entrepreneurship in India: Estee Lauder CEO

ELC President and CEO Stephane de La Faverie talks about how they are fostering entrepreneurship in India's rapidly expanding beauty market

RBI stepped in after IndusInd Bank 'delayed' provisioning by a year

Seeks CEO probables' names soon; bank mcap slips Rs 19K cr

Siemens CEO & MD on growth, localization & India’s global impact | Tech Talk with Pranjal Sharma

Watch Pranjal Sharma in talks with Siemens CEO & MD on growth, localization & India’s global impact.

Nissan board to discuss potential CEO successors at March 11 meeting

The next CEO could be installed as a temporary or transitional leader, an option that would give the board more time to find a permanent replacement

Who could be the next Nissan CEO after Makoto Uchida? Check names here

If Uchida does exit, his replacement would become the fourth person to lead the carmaker in a little under six years, reflecting a sign of the management turmoil that has plagued Nissan

The Future of Mobility & AI | Manager’s Mantra ft. Zoomcar CEO

The mobility industry is evolving fast, and AI is playing a game-changing role! In this episode of Manager’s Mantra, we discuss all of it with Hiroshi Nishijima, CEO of Zoomcar.

Nokia picks Intel's AI and data center leader Justin Hotard as new CEO

Hotard, who will take up the position on April 1, is currently the executive vice president and general manager of Data Center & AI Group at Intel

Sridhar Vembu steps down as Zoho CEO; Shailesh Kumar Davey to succeed

In the surprise move, Vembu also added that he will be taking charge as the chief scientist of the company, overseeing the research and development division

LTIMindtree appoints Venugopal Lambu as CEO, succeeding Debashis Chatterjee

Debashis Chatterjee, or DC as he is colloquially known in the industry, took over the reins of LTIMindtree in November 2022 after the merger of Larsen & Toubro firms L&T Infotech and Mindtree

PwC survey: India CEOs focus on hiring, threat of tech disruption

The survey polled more than 4,700 CEOs across 109 countries, including more than 75 from India

Sold shares for personal reasons, said EaseMyTrip's Ex-CEO after resigning

Co-Founder of online travel-tech aggregator EaseMyTrip Nishant Pitti on Friday said he sold a "small portion" of the promoter shares held by him for "personal reasons", days after the company announced his resignation as CEO. In a social media post, Nishant, who was replaced by his brother and Co-Founder Rikant Pittie, after EaseMyTrip announced his appointment as the new CEO on January 1, reassured that the travel-tech platform is on a "strong growth path" and his move to sell a portion of the promoter shares does not reflect any lack of confidence in its future. "I recently sold a small portion of my promoter shares for personal reasons. I want to assure you this does not reflect any lack of confidence in EaseMyTrip's bright future. With a talented team and Rikant's visionary leadership, EaseMyTrip is on a strong growth path. To honor your trust, I have thoughtfully limited my share sale and confirm there will be no further sales from my side. "Thank you for your unwavering suppor

Nishant Pitti steps down as EaseMyTrip CEO, brother Rikant takes charge

On December 31, Nishant Pitti sold Easy Trip shares worth Rs 78.32 crore in a block trade, offloading 4.99 crore shares, which represents 1.41 per cent of the company's equity

Hospitality CEOs raise demands of infra status, increasing marketing spends

Infrastructure status and easing taxation have been a long-standing demand of the sector

Luigi Mangione indicted for first-degree murder in UnitedHealth CEO's death

Mangione was indicted on one count of first-degree murder, two counts of second-degree murder, seven counts of criminal possession of a weapon, and one count of possessing a forged driver's license

Wells Fargo CEO expresses increased confidence in regulatory fixes

The bank is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing problems from its fake-accounts scandal, Reuters reported exclusively

Reliance Power forms new arm for renewable energy biz; appoints CEO, COO

Reliance Power on Tuesday announced setting up its renewable energy business arm Reliance NU Energies and appointed Mayank Bansal as Chief Executive Officer and Rakesh Swaroop as Chief Operating Officer of the subsidiary. Both of them have joined the company from ReNew. Bansal was Group President of ReNew Power's India RE Business and Swaroop served as Vice President and Head of Utility Business at ReNew Power. It has set up a new subsidiary namely Reliance NU Energies for renewable energy business, Reliance Power said in a statement. "The new subsidiary Reliance Nu will innovate and seize the opportunities in developing clean, affordable and reliable energy solutions that India and the world's growing demand for sustainability needs," it said. Reliance Nu focuses on solar, wind, hybrid systems, and advanced energy storage to address these needs. On the appointment of CEO and COO, Reliance Power said the two energy sector veterans will helm Reliance Power's new initiative, Relianc