Page 2 - Chief Executive Officer

Renault CEO Luca de Meo quits, likely to become head of Gucci-owner Kering

De Meo's unexpected departure marks the second top-level exit from a European carmaker in six months, after Carlos Tavares resigned from Stellantis

Sat Pal Bhanoo takes interim charge as LIC MD & CEO for three months

Following Siddhartha Mohanty's term completion, Sat Pal Bhanoo has been given interim charge as LIC MD & CEO for three months or until a new incumbent is appointed

Kohl's CEO fired over secret business deal tied to romantic partner

Kohl's chief executive Ashley Buchanan is dismissed for violating 'code of conduct' involving multimillion-dollar deal with consultancy connected to former colleague Chandra Holt

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

Cleartrip appoints Manjari Singhal as Chief Growth and Business Officer

Online travel platform Cleartrip on Thursday announced the appointment of Manjari Singhal as its new Chief Growth and Business Officer. She succeeds Anuj Rathi who is moving on to pursue new opportunities. Over the next month she will work closely with Rathi to ensure a smooth and seamless transition, said Cleartrip, a Flipkart company, in a statement. In her new role, Singhal will oversee the business, growth, marketing, and customer experience functions, it added. "Travel is a significant focus for us at Flipkart, and we are deeply committed to investing in and scaling the business to unlock its huge potential. We are excited to welcome Manjari into this pivotal role," Flipkart Senior Vice President Ajay Veer Yadav said. He further said, "With her proven leadership, strategic vision, and deep understanding of customer behaviour, we are confident that she will continue to drive growth and lead Cleartrip into its next phase of expansion." Singhal currently leads the Beauty, FMCG,

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

Zepto says it's nearing $4 bn annualised GOV, reduced operating cash burn

Quick-commerce company growing meaningfully, says CEO Aadit Palicha

BlackRock CEO Larry Fink's pay rises 14% to $30.8 million in 2024

In February, BlackRock said it was awarding Fink, 72, additional pay perks known as carried interest tied to its push into private markets

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

China plans for global CEOs to meet President Xi in Beijing next week

China's planned interaction with top business figures underscores the message it's been sending that the nation is open for business, contrasting with Trump's more protectionist "America First" policy

Intel's new CEO Lip-Bu Tan gets pay package valued at about $69 million

Tan has also agreed to buy $25 million in Intel shares in the first 30 days of taking the job

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

Porsche and Volkswagen CEO to keep dual role until complete restructuring

Porsche's parent group Volkswagen is also in the midst of a restructuring and cost-cutting drive to streamline its finances in the face of cheaper rivals encroaching on Europe from China

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

Unilever CEO Hein Schumacher to step down, Fernando Fernandez to succeed

Hein Schumacher, who joined in July 2023, will step down as CEO in March and will leave the company on May 31

PD Singh to succeed Zarin Daruwala as Standard Chartered India CEO

The tenure would be effective April 1

Financial services firm Navi appoints new CEOs as part of leadership rejig

Sachin Bansal steps down as Navi CEO; to serve as executive chairman of the group

Sunil Kataria to step down as MD, board member of Raymond Lifestyle

"Sunil (Kataria) has been instrumental in strengthening Raymond Lifestyle's market presence and leading the company through phase one of our transformation," said Singhania

Delhi polls: CEO Vaz assures voter-friendly steps for smooth Feb 5 voting

Around 1.56 crore voters are set to exercise their electoral franchise in the Delhi Assembly election on February 5 as voter-friendly measures have been put in place for the smooth polling process, Chief Electoral Officer R. Alice Vaz said. To facilitate voting, 13,766 polling stations have been set up across 2,969 polling premises. Of these, 733 polling stations are designated for persons with disabilities, Vaz said. Around 1.56 crore voters, including 83.76 lakh men, 72.36 lakh women, and 1,267 individuals from the third gender will cast their ballot on February 5. The Delhi Election Office has introduced several voter-friendly measures to ensure a smooth polling process. These include ramps, wheelchairs, medical teams, crche services, themed polling stations, a queue management mobile application and a home voting option for senior citizens and persons with disabilities, she said. Vaz emphasised that over 1 lakh polling personnel have been deployed, and all polling stations will

Starbucks CEO Brian Niccol makes $96 mn in first four months on the job

Niccol's annual pay package is likely to be valued at about $113 million at the time of his hiring, with a large part tied to equity to replace awards from his prior employer that he had to relinquish