Frankfurt-based Commerzbank’s Chairman and Chief Executive Officer have recently stepped down from their offices, bowing to demands from top shareholder Cerberus that the German lender changes its strategy to stop a downward spiral in its financial performance. The resignations of Chief Executive Martin Zielke and supervisory board Chairman Stefan Schmittmann cap weeks of drama after…
Afiniti, the world’s leading applied artificial intelligence provider of enterprise behavioral pairing solutions, announced that Dame Jennifer Smith, 7th Premier of Bermuda, and Peter Riepenhausen, Chairman of The Resource Group, have been appointed members of Afiniti’s Board of Directors. Dame Jennifer Smith was the first female Senator, first female Deputy Speaker, and first female Premier…
Drop, the leading smart kitchen platform, announced the addition of Cynthia West as Vice President of Global Sales. Prior to this role, Cynthia was working with PROS where she led and coached the sales team to the company’s largest SaaS deal at that time. “Cynthia joining our team, with her years of sales leadership, signals…
NIIT University (NU), established with a vision to bring about innovation in higher education and learning in emerging areas of the knowledge society, announced the appointment of Dr Prabhu Aggarwal, as the next President for NU. He succeeds Prof VS Rao, whose tenure ended on June 30, 2020. Dr Aggarwal comes with extensive global expertise…
LT Foods, a consumer food company, announced the appointment of Vikas Magoon as a Managing Director for its European subsidiary LT Foods Europe BV. Magoon has more than 25 years of experience in the Consumer Sector. Prior to this role, Magoon was the CEO of a leading Food Company in the United Kingdom. He has worked…
Talent marketplace for mothers The Mom Project recently announced that it has raised $25mn in Series B funding round led by growth investment firm 7GC. The funding round also saw participation from Citi, Synchrony, High Alpha, and Silicon Valley Bank. Existing investors Initialized Capital, Grotech Ventures, OCA Ventures, Aspect Ventures, Wintrust Financial, IrishAngels, and Engage…
Theravance Biopharma, a diversified biopharmaceutical company primarily focused on the discovery, development and commercialization of organ-selective medicines, announced the appointment of Deepika R. Pakianathan to its Board of Directors. Since 2001, Dr. Pakianathan has served as a Managing Member at Delphi Ventures, a venture capital firm focused on biotechnology and medical device investments and leads…
Hitachi Vantara, a wholly owned subsidiary of Hitachi, recently announced that it’s board of directors recently announced that it has appointed former Cognizant executive Gajen Kandiah as Chief Executive Officer, effective July 13, 2020. Toshiaki Tokunaga, the current CEO and Chairman of the Board of Hitachi Vantara, will transition responsibilities to Kandiah through Oct. 1,…
PDS Gaming, a worldwide provider of gaming equipment and financial solutions to the gaming industry, announced that Bob Woods has joined the firm as its new CEO. Bob has been closely involved with PDS Gaming for the past 15 years as a funding source and for the past three years as a member of the…
United Kingdom’s flag carrier British Airways, which earlier said that it needs to cut 12,000 jobs and handover pay cuts to cabin crew, has now reportedly laid off 350 pilots. According to a report by The Sun, the airline has reached a deal with its pilots that will see 350 laid off and another 300…
Sole Source Capital LLC, an industrial-focused private equity firm providing capital to North American lower-middle market companies, announced the appointment of Sumil Menon as Head of Investor Relations, effective immediately. In his new role, Menon will lead the Firm’s investor relations and fundraising efforts. Menon brings more than 15 years of experience to Sole Source…
India’s eminent harm reduction advocate Samrat Chowdhery has been appointed as the President of the International Network of Nicotine Consumer Organisations. INNCO is a global body of 34 national advocacy groups that has been recognised with UN observer status. INNCO represents consumers of low-risk, alternative nicotine products and promotes tobacco harm reduction (THR) at the…
The Human Resources head at Adidas, Karen Parkin has recently stepped down from her role after criticism from employees of what they see as the company’s failure to diversify its workforce. Her decision to resign from the office comes after a group of Black employees called for an investigation over her handling of racism at…
Movie streaming giant Netflix Inc recently announced that it has appointed marketing veteran Bozoma Saint John as the company’s new Chief Marketing Officer, effective August 2020. Bozoma’s appointment makes her the first Black woman to join the senior management team. Bozoma is reportedly Netflix’s third marketing head in less than a year. She will be…
Investment management company Standard Life Aberdeen recently announced that its current Chief Executive Officer Keith Skeoch will step down after five years at the helm. Skeoch will be succeeded by former Citi executive Stephen Bird. The announcement marks the end of a 14-year career as an SLA director for Skeoch, during which he oversaw the…