Takeda Pharmaceutical Company Limited, a global pharma company headquartered in Japan, has announced that its Board of Directors has approved an executive compensation recoupment policy (“clawback policy”). The policy is aimed at strengthening the company’s commitment to corporate governance. The policy will take effect on April 1, 2020 and apply to short-term incentive compensation beginning…
Orient Green Power Company Ltd, an independent renewable power producer in India, announced the appointment of J Kotteswari as its new Chief Financial Office, effective from 1st April, 2020. J Kotteswari replaces K V Kasturi who was earlier handling the role of CFO. Prior to this role, Kotteswari was the Vice President Finance and Accounts…
Hindustan Unilever Ltd, a Mumbai-based consumer goods company announced the appointment of Wilhelmus Uijen as its Whole-time Director, effective from 1st January, 2020. According to its press statement, “This is further to our letter dated 14th October, 2019, intimating the appointment of Mr. Wilhelmus Uijen as a Whole-time Director on the Board of the Company…
NEC Corporation and NEC Technologies India has announced the appointment of Aalok Kumar as the new President and Chief Executive Officer (CEO) of NEC Technologies India, effective from today. Takayuki Inaba, former Chairman & Managing Director, has been appointed as Executive Chairman of NEC Technologies India. These appointments comes as a part of management restructuring…
Odd Concepts Inc., a Seoul-based fashion tech company that specializes in computer vision and artificial intelligence technology announced raising $10 million accumulated investments. The company said on March 30 that it has raised USD6M (KRW 6 billion) in Series B funding for its outstanding PXL service and business. The latest funding saw participation from HB…
After several weeks of rumors about his differences with the company, Pravin Jadhav, the Managing Director and CEO of Paytm Money has resigned from the company. According to a news report by Entrackr, Jadhav had submitted his papers last week and it is being reported that he will be relieved by the end of April.…
Accurate Background, a leading provider of compliant, automated workforce screening solutions, announced that Tim Dowd, currently President and COO, will be appointed Chief Executive Officer, effective from June 1, 2020. Dave Dickerson, current Founder and CEO, will assume the role of Executive Chairman of the Board of Directors, effective from June 1, 2020. In his…
There is not a single nation that has not been impacted due to the coronavirus pandemic. The number of coronavirus cases are continuously rising in the western and the european nations, affecting all sectors in terms of jobs, production and trade. US and Italy are the most impacted nations due to the pandemic resulting in…
Sunil A. D’Souza will take over as Managing Director & CEO of Tata Consumer Products Limited ( formerly Tata Global Beverages Limited) effective from April 4, 2020. The company had announced his appointment to the role in December 2019. Sunil, has earlier worked with Whirlpool, and prior to that with Pepsico.
The parent company of Root Insurance, Root Inc., recently announced that it has appointed Annette Reavis as the company’s first Chief People Officer. Commenting on her appointment, Root Insurance Co-founder and CEO Alex Timm said, “Annette brings over 20 years of human resource and business experience to the Root Inc. family. Her passion for leading…
Korean auto manufacturer, Kia Motors Corporation, has recently announced that it has elevated Ho Sung Song to the position of President of the organization. Song, who was earlier the Head of Global Operations Division will now be succeeding Han-woo Park. Post the appointment, Park will move on to an advisory role and continue to support…
The spread of Covid-19 has impacted the aviation sector really hard. When the story unfolded Cathay Pacific was one of the first ones ( early Feb 2020) to announce cost cutting measures in form of unpaid leave for 27,000 of its employees. We are only two months down and it seems all big and small…
In an attempt to get things back on track, online insurance startup Coverfox has recast its leadership team with Sanjib Jha joining the company as Chief Executive Officer. The company has also appointed Piyush Ranjan as the Chief Technology Officer and Manish Sultania as the Chief Finance Officer. Ranjan has worked with Ola, DoorMint, and…
Stellar, globally acclaimed data recovery expert, has announced its online ‘Remote Data Recovery’ service in India with a purpose to resolve data loss crisis situation in the present global exigency caused by COVID-19. In continuation of Stellar commitment to data care services since 1993, the company has introduced online remote data recovery service for its…
Many nations are implementing complete lockdown to contain the coronavirus from further spreading, resulting in the temporary shutdown of many manufacturing units across industries in different regions. LT Foods, an 80-year old consumer food company, announced that all its facilities are operational and it is committed to meet the growing global demand for essentials. In…