PayPal Holdings, Inc. announced its Board of Directors intends to appoint Carmine Di Sibio, outgoing Global Chairman and CEO of EY, to the Board as an independent director, effective July 1, 2024. “We are very pleased about the planned addition of Carmine to our Board given his demonstrated record of championing innovation, extensive experience advising regulated financial […]
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NIKE announces acquisition of RTFKT
NIKE, Inc. announced the acquisition of RTFKT, a brand that delivers next generation collectibles that merge culture and gaming. Financial terms of the deal were not disclosed. “This acquisition is another step that accelerates Nike’s digital transformation and allows us to serve athletes and creators at the intersection of sport, creativity, gaming and culture,” says John […]
The Business Council – an association made up of the CEOs of the world’s largest, global companies – announced that its new board chairman will be Microsoft CEO Satya Nadella. Nadella succeeds Nike President and CEO John Donahoe in the role. “The Business Council has always played a critical role in helping the world’s business […]
World’s largest footwear maker, Nike recently warned its employees of possible job cuts as the company shifts its focus towards online shopping. The recent development from the company comes just days after it posted a net loss of $790mn, its first in more the two years. The company attributed the loss in part to the […]