MGM Resorts International recently announced that it has appointed Bill Hornbuckle as the acting Chief Executive Officer. Bill, who is currently the Chief Operating Officer and President of the company will be replacing outgoing Chairman and CEO Jim Murren. According to an official press release, Murren had notified the company about his departure in February…
The company plans to lay off about half of 6,000 employees from its China operations. The recent coronavirus outbreak has forced the travel industry on its knees forcing businesses to take tough measures. Indian hospitality unicorn OYO Hotels and Homes is reportedly cutting down its global workforce by about 5,000 to 25,000 people. The biggest…
Point-of-sale service provider, Pine Labs recently announced that it has appointed Citrus Pay founder Amrish Rau as the company’s new Chief Executive Officer. The announcement comes soon after former CEO of Pine Labs, Vicky Bindra announced his resignation and Rau resigning from PayU India a month earlier. Former CEO Bindra, who was heading Pine Labs…
Provider of payment and open banking technology, i2c Inc., recently announced that it has appointed Jim McCarthy as President of the company. He will be directly reporting to the company CEO and Founder Amir Wain. In his new role, McCarthy will be responsible for i2c teams working with clients, partners, and prospects. He will be…
Salesforce Co-CEO Keith Block recently announced that he would step down from his role and leave the CRM giant. Post his departure, Block will still remain an advisor to founder Marc Benioff, who would now be the sole CEO of the company. In a statement, Block said, “It’s been my greatest honor to lead the…
Ride-hailing company Uber will reportedly get a new boss for its food delivery business UberEats. The move is an attempt to continue growing its mail delivery services without spending much money. Jason Droege, the Uber executive who spearheaded UberEats launch in 2015, announced that he will be stepping down from his role as the Head…
Credit Information Bureau, TransUnion CIBIL Limited, recently announced the appointment of its new Managing Director and Chief Executive Officer. Rajesh Kumar, who was earlier working with HDFC Bank as Group Head for Retail Credit and Risk, will now be joining the credit bureau as its new MD and CEO. Kumar will succeed Satish Pillai, who…
Global payment facilitator Mastercard Inc. recently announced that it has made some changes to its senior leadership team. The company on Tuesday said that Ajay Banga, CEO of Mastercard for nearly a decade, will be elevated to the position of Executive Chairman of the board. He will be replacing Richard Haythornthwaite, who is due retirement…
Global tax services and software provider, Ryan LLC, recently announced the opening of its second office in Hyderabad, India. The new office at Salarpuria Sattva Knowledge City will be used for supporting the company’s accelerated growth. The company also plans to hire people for its new office. In a company statement, CEO and Chairman of…
Vijay Shekhar Sharma, Founder, and CEO of Indian digital payment giant PayTM recently announced that his company expects to turn profitable after two years as it is monetizing the existing customer base and eyes financial services as its next major frontier for growth. As per an interview with The Press Trust of India, Sharma said…
Home rental startup NestAway recently announced that it has acquired the apartment management platform ApnaComplex. The acquisition is a part of NextAway’s strategy to expand its property management business. Monetary details about the deal have not been disclosed yet. According to a Mint report, NestAway plans to use the acquisition to expand its home services…
Decade-old question and answer based startup Quora, has recently announced that it will be laying off staff from its Bay Area and New York offices. The announcement was made by the company CEO on the website. In the statement, Chief Executive Officer Adam D’Angelo wrote that the layoffs and “organizational changes” were being pursued in…
Office-sharing startup WeWork recently named former Ernst & Young executive, Shyam Gidumal as the company’s new Chief Operating Officer. Shyam’s appointment is the first major appointment under the new Indian-origin CEO Sandeep Mathrani. Earlier in February, real-estate expert Mathrani was appointed as the Chief Executive Officer by the company. In a statement, CEO Mathrani said,…
Fintech startup PolicyBazaar recently announced changes in its top management. The online insurance aggregator has appointed former Venture Capital investor Sarbvir Singh as its new CEO. Company Co-Founder Yashish Dahiya will take up a broader group CEO role. It has also appointed Sharat Dhall as its new Chief Operating Officer. Prior to joining PolicyBazaar, Singh…
Nissan’s new Chief Executive Officer Makoto Uchida has recently claimed that he would accept being fired if he fails to turn around the automaker’s fate. Nissan has been struggling with declining sales in the aftermath of controversies surrounding Carlos Ghosn, it’s Ex-Chairman. Makoto took over the top executive job in December last year and has…