Page 9 - Chief Executive Officer

Frequent CEO changes reduce cos potential to improve equity premium: Study

Companies that frequently changed chief executive officers (CEO) have reduced potential to improve equity premium, thereby hurting shareholders' long-term returns, according to a study. The study tracked a few Nifty 50 companies over a 15-year period. The companies with fewer CEO transitions enjoyed more than twice the average premium CAGR of 3 per cent, against those with frequent chief executive transitions during the period, as per the study. The finding was part of a study conducted by Deloitte India on "What sets outperforming CEOs apart and how boards can help". It analysed the financial performance of companies after the appointment of the new CEO. Stability and continuity of CEOs and their policies ensured higher returns, the study noted. Most resignations or removals occurred in the services industry compared to the manufacturing industry, it added. Services companies saw appointments of relatively younger CEOs. Among other findings, it was also found that outperformin

Twitter CEO Parag Agrawal to receive $1 mn annual salary

The India-born executive - who succeeds Jack Dorsey in this role - served as Twitter's Chief Technology Officer since 2017, and has been responsible for the company's technical strategy

Factbox: Who is Twitter's new chief executive officer Parag Agrawal?

The social media networking platform joins tech giants Apple, Amazon and Alphabet in tapping a company insider for the top job

J&J CEO Gorsky to step down, company veteran to lead in 2022

Johnson & Johnson will replace Chairman and CEO Alex Gorsky with another veteran company executive starting next year. The world's biggest maker of health care products said late Thursday that Joaquin Duato will become CEO and a member of the company's board of directors on January 3. Duato currently serves as vice chairman of J&J's executive committee, which involves working with the company's pharmaceutical and health sectors and overseeing its global supply chain. Duato, a dual citizen of Spain and the United States, has been with Johnson & Johnson for more than 30 years, the company said. Gorsky has served as chairman and CEO since 2012 and will become executive chairman of the board. J&J reported a 73 per cent jump in second-quarter profit last month, driven by strong sales growth as hospitals and other parts of the health care industry rebounded from COVID-19 pandemic slowdowns the previous year. The New Brunswick, New Jersey, company made more than USD 6 billion

Cook, Pichai join CEOs urging US Congress pass path to citizenship

Bill introduced to bar foreign students from staying after studies

'Shocked' Mitsubishi Electric CEO to quit over false inspections

Sugiyama, who became CEO in 2018 and has been with Mitsubishi for more than four decades

Sterling and Wilson Solar names Amit Jain as global CEO effective May 31

He succeeds Bikesh Ogra, who relinquished the post on May 31, but who continues as a director on the company's board

DLF posts Rs 481 cr profit in Q4; names Ashok Tyagi, Devinder Singh as CEOs

DLF had posted a net loss of Rs 1,857.76 crore in the year-ago period.

Hindustan Unilever CMD's salary drops 21% to Rs 15.36 cr in fiscal 2021

Earlier in FY19, Mehta's gross salary was reduced to Rs 18.88 crore.

L&T Technology Services announces Amit Chadha as CEO & MD

Chadha's overall career spans over two decades in core engineering and information technology outsourcing

PolyPeptide Group names new CEO before likely Swiss IPO during 2021

Raymond De Vre, a Belgian who previously worked at Indian contract manufacturer Dr. Reddy's Laboratories as global head of biologics, will join PolyPeptide Group as CEO-elect in April

Emaar India chief executive officer Ajay Munot steps down

Munot has resigned from the company to pursue his personal interest

Arun Mishra elevated as Hindustan Zinc CEO, takes charge on Aug 1

He succeeds Sunil Duggal, who is now leading the group company, Vedanta Limited, as its chief executive officer.

RBI draft governance code undermines bank chief executive officers: IBA

Says move to make board executive in nature will not fly; some independent directors expected to move on

Salaries increase for top mutual fund CEOs on robust business growth

According to an analysis of the data made public by mutual funds, the CEO salary given by the top 12 fund houses in terms of assets under management increased in the range of 2-132 per cent in 2019-20

Explained: Why companies are facing crisis of confidence in leadership

The survey shows that the levels of worriedness are almost the same for respondents in Asia, Europe, and marginally higher in America.

Trump's US delegation to have 15 CEOs; business talks likely on February 25

An official dealing with the arrangements said "there's complete silence in the US"

Best of BS Opinion: Successful CEO transitions, goals for defence, and more

From the fundamental reasons for our defence inadequacy to how coronavirus could affect industrial output in the near term, here's a selection of Business Standard Opinion pieces for the day

Wipro looking at external candidates for next CEO after Neemuchwala's exit

A Wipro spokesperson said the company is only looking at external candidates

CEOs on Social: Will the ego land in 2020?

Today, an entire industry has sprung up to support the narrative that CEOs need to be highly social