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…
IT Data Center maintenance company Park Place Technologies recently announced that it has appointed Mohammed Atif as the Director of Business Development for India. Atif brings more than 19 years of experience in the IT Service industry, with expertise in leading sales initiatives and partnerships. With previous experience in third party maintenance and across system…
Layoffs have become an everyday news during the ongoing coronavirus pandemic. There have been numerous reports from the talent ecosystem about companies handing over pink-slips to employees to survive the crisis and conserve cash. Though most of the job cuts so far were only limited to medium or junior level employees, in a very surprising…
Japanese two-wheeler giant Honda Motor Co recently announced major changes to its top management team for India unit, Honda Motorcycle & Scooter India (HMSI). The company announced the appointment of Atsushi Ogata as the President, Chief Executive Officer and Managing Director of the company with immediate effect. Ogata is also an Operating Executive at Honda…
Indian telecom major Bharti Airtel has recently confirmed the appointment of Rahul Vatts as the company’s Chief Regulatory Officer. Indian telecom major Bharti Airtel has recently confirmed the appointment of Rahul Vatts as the company’s Chief Regulatory Officer. According to sources, in his new position Vatts will directly report to Gopal Vittal, Managing Director and…
Multinational technological manufacturer Flex recently announced the appointment of Michael Hartung as President of the Agility Solutions Segment. As part of the company’s succession planning, Hartung’s appointment follows Doug Britt’s notice of his intent to resign from the company. Hartung has been long associated with Flex for over 15 years. He has held various roles…
Management consulting firm Arthur D. Little recently announced the appointment of Barnik Chitran Maitra as Managing Partner of its India office. In his new role, Barnik’s goal is to build the company’s regional footprint by serving leading institutions, ensuring a pre-eminent position for ADL in India and South Asia. Barnik has more than two decades…
Korea-based global pharmaceutical company Yuyu Pharma recently announced the appointment of Robert Wonsang Yu as President and Chief Executive Officer w.e.f April 6, 2020. Prior to joining Yuyu Pharma in 2008, Robert worked at Novartis in 2004 as a Sales Representative in New York. He was also a Training and Sales Force Effectiveness (SFE) Manager…
Flipkart is elevating Senior Vice President and Head of Private Brands, Electronics and Furniture, Adarsh Menon to lead a new business initiative. According to an email sent by Group CEO Kalyan Krishnamurthy to Flipkart employees, accessed by The Financial Express, Menon may head Flipkart’s B2B (business to business) initiative. The mail read, “Being one of…
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…
HSBC (The Hongkong and Shanghai Banking Corporation) Holdings Plc recently announced that the bank will witness a major overhaul that would reduce the number of staff to 200,000 from 235,000 over the next three years. The announcement comes after the bank reported that it has missed the pre-tax profit expectations after the bank took a…
Samsung Electronics Co. has recently announced major changes in its top management. Roh Tae-moon has been named the new mobile head. This reshuffle in top management is a part of Samsung’s annual senior executive changes which was supposed to happen last year in December. The company delayed the regular year-end reshuffle due to ongoing criminal…