Saturday, April 20

Tag: CEO

CEO of Starbucks Howard Schultz is Stepping Down
5Jun By AdityaNo Comments
News

CEO of Starbucks Howard Schultz is Stepping Down

The Starbucks Corporation informed media that the CEO of Starbucks Howard Schultz is stepping down this month. Myron E. "Mike" Ullman would be the new chairman upon Schultz's retirement. Howard Schultz joined coffee chain group 30 years ago. He oversaw the transformation of Starbucks into a global chain with more than 28,000 locations. He is now focused on innovation and social impact projects and also writing a book about Starbucks' social impact efforts. "Starbucks changed the way millions of people drink coffee, this is true, but we also changed people's lives in communities around the world for the better," Schultz said in a letter to Starbucks employees. Schultz said he was considering "a range of options for myself, from philanthropy to public service," but wasn't sure wh...
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Former SoftBank COO Nikesh Arora Appointed as the CEO of Palo Alto
2Jun By Gauri SinghNo Comments
News

Former SoftBank COO Nikesh Arora Appointed as the CEO of Palo Alto

Nikesh Arora, an Indian businessman who was the president and COO of SoftBank Group, has now been appointed as the CEO and chairman of 'Palo Alto Networks', the global cybersecurity leader. Arora has replaced Mark McLaughlin who has been the head for nearly seven years and has played a major role in its difficult stage of growth. The past CEO will now become the board's vice chairman. He said he wanted to step down as CEO so that he could spend more time with his family. McLaughlin, in this context, expressed,"Over the course of several quarters, I have been discussing succession planning with the Board and I couldn't be more pleased that we have found a leader in Nikesh." Nikesh Arora has worked with SoftBank as well as with Google. He served at SoftBank from 2014 until 2016, when he...
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JP Morgan Appoints a New CEO in China
14May By Lavina TolaniNo Comments
CHINA

JP Morgan Appoints a New CEO in China

American Investment Bank, JP Morgan Chase has appointed Mark Leung as the new chief executive officer for its China's business. As per banks statement, it is also seeking to create a securities company in China and plans to take a majority stake in its local fund management. Mark Leung who has been serving the bank for past 21 years will manage onshore and offshore activities in the country. The veteran began his career in rates derivatives trading and has previously held roles in credit hybrids and equity derivatives. The new appointment will happen after Zili Shao stepped down to become the bank’s vice chairman in April 2014.   CEO Jamie Dimon said, Our investment in China is a commitment to bring the full force of JPMorgan Chase and our resources to the country. We wil...
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Zappfresh Appoints Former Reliance Communications CEO as Senior Advisor
5Apr By Sheldan RungasamyNo Comments
News

Zappfresh Appoints Former Reliance Communications CEO as Senior Advisor

Zappfresh, the company ran by DSM Fresh Foods Pvt. Ltd which specializes in providing high-quality fresh meat announced on Thursday that it appointed Vinod Sawhny as senior advisor to the company. Sawnhy possesses over ten years of experience in the retail industry, and previously held the post of CEO at Reliance Communications Ltd. In addition, he had several leadership positions in Joint ventures of Global multinationals and large Indian companies such as Bharti Airtel’s Mobile businesses and Bharti’s retail business with Walmart. “I have a deep sense of belief in what the team at Zappfresh is trying to do in a way of changing how consumers look at meat products. In an era of questionable sourcing, anti-biotic ridden meat products consumed over time is proving to be a real health h...
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Uber Co-Founder Travis Kalanick Buys Out Firm and Becomes CEO
21Mar By Sheldan RungasamyNo Comments
ACQUISITION

Uber Co-Founder Travis Kalanick Buys Out Firm and Becomes CEO

After announcing a capital investment fund called ‘10100’ on May 7th intended for investment in startups, Travis Kalanick, former CEO of Uber Technologies sacked by his company in June last year is back on track in the entrepreneur world. My new gig... pic.twitter.com/vpD528cdyf — travis kalanick (@travisk) March 20, 2018 Kalanick announced today that he has acquired a real estate company called City Storage Systems for $150 million. His first action after acquiring the firm was to install himself as CEO. The investment represents approximately 10% of his total wealth. In January, Kalanick sold $1.4 billion worth of Uber shares to SoftBank Group Corp. City Storage Systems is a startup that focuses on redesigning troublesome real estate properties like parking lots or abandoned stri...
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Why Uber CEO is not Worried about its Losses?
16Feb By RishabhNo Comments
Entrepreneurs Talk

Why Uber CEO is not Worried about its Losses?

Speaking at a conference held in San Francisco on Monday, the cab aggregator giant Uber Technologies chief executive officer Dara Khosrowshahi said that "we can turn the knobs to get this business even on a full basis profitable." Uber's last year losses were $4.5 billion on net revenue of $7.5 billion, but this is the last thought that Uber CEO is worried about right now. He says,"(forcing the business to be profitable)would sacrifice growth and sacrifice innovation.” Dara said that it's Uber's commitment to "developing" markets that are dragging its business down, but he views that as an "optional investment". He however, thinks that it is the "right thing to do," indicating that company will not stop exploring options and investing in Asia. Ultimately, Uber's business is getting p...
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India Means Business: Modi Tells Global CEOs
23Jan By Press Trust of IndiaNo Comments
INDIA

India Means Business: Modi Tells Global CEOs

Prime Minister Narendra Modi today told top CEOs here that India means business and presents exciting opportunity for the global businesses. Addressing a roundtable before a dinner meet, Modi narrated Indias growth story. He was accompanied by top government officials including Vijay Gokhale, Jai Shankar and Ramesh Abhishek. Under the tagline of "India means business", the roundtable was attended by 40 CEOs of global companies and 20 from India. After the meeting, MEA spokesperson Raveesh Kumar tweeted about Modi narrating Indias growth story and presenting exciting opportunities for global business in India at Davos. The spokesperson also tweeted that the prime minister "hosted a roundtable meeting with CEOs of top global companies". Modi, who arrived in Davos on Monday ...
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Infosys Appoints Outsider Salil S Parekh As CEO
2Dec By reutersNo Comments
News

Infosys Appoints Outsider Salil S Parekh As CEO

Infosys, India’s No.2 IT services company, named Salil S Parekh as chief executive on Saturday, picking an outsider for the job a second time and handing him the twin challenges of reviving growth and making peace between its founders and board. Parekh, who will join from consultancy firm Capgemini where he is currently an executive, has been given a 5-year term effective Jan.2, an Infosys filing to exchanges showed. U.B. Pravin Rao who was serving as the interim CEO has been re-designated as chief operating officer from Jan. 2, Infosys said.  “After a comprehensive global search effort, we are pleased to appoint Salil as the CEO & MD,” said Kiran Mazumdar-Shaw, chairperson of the nomination & remuneration committee at Infosys. “He was the top choice from a pool of highly...
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Know Why Pepsico India CEO Shivakumar Resigned from his Job
10Oct By Press Trust of IndiaNo Comments
BUSINESS

Know Why Pepsico India CEO Shivakumar Resigned from his Job

Pepsico India Chairman and CEO D Shivakumar has resigned from the company after serving for nearly four years and will join Aditya Birla Group as the head of strategy and business development. Shivakumar has been replaced by Ahmed El Sheikh, Senior Vice President and General Manager for PepsiCo Egypt and Jordan, PepsiCo India said in a statement. "Shiv has been with PepsiCo for the past four years and has been instrumental in leading the transformation journey for the company," Pepsico CEO Asia, Middle East and North Africa (AMENA) Sector Sanjeev Chadha said. Shivakumar, who is expected to join Aditya Birla Group in three months time, will report to the Group Chairman Kumar Mangalam Birla. "He is joining as the Group head of Strategy and Business Development," Aditya Birla Group ...
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Myntra-Jabong CEO Ananth Narayanan Joins Marico’s board
29Jun By Press Trust of IndiaNo Comments
News

Myntra-Jabong CEO Ananth Narayanan Joins Marico’s board

FMCG firm Marico has appointed Myntra-Jabong CEO Ananth Narayanan on its board as an additional (Independent) Director. Narayanan's appointment is for a five year time and is subject to the approval of the shareholders at the upcoming annual general meeting. With Narayanan's appointment, Marico's board now has six independent directors besides chairman and non-executive director Harsh Mariwala, MD & CEO Saugata Gupta and two non- executive directors. Narayanan, a Masters from the University of Michigan in Industrial Engineering and Operations Research, is also on the Industry Advisory Board of the university's Tauber Institute. He started his career with Mckinsey & Company where he worked for 15 years. Narayanan joined Myntra as CEO in July 2015 and has led multiple strate...
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Uber Founder Travis Kalanick Resigns from the Post of CEO
21Jun By RishabhNo Comments
News

Uber Founder Travis Kalanick Resigns from the Post of CEO

Travis Kalanick stepped down Tuesday as chief executive of Uber as per the source The New York Times, the ride-hailing service that he helped found in 2009 and that he built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company. (more…)
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