Management
HSBC closes its 160-year-old executive development program
HSBC, Europe's largest bank, has ended its renowned International Manager executive development program, which has been in place since the bank's founding over 160 years ago, according to a report by the Financial Times. The recruitment process for the program, which was designed to cultivate the...
Visa moves European headquarters to Canary Wharf
Visa Inc., which operates the largest payment network in the United States, has officially decided to move its European headquarters to the Canary Wharf business area in London. In a statement released by the company, it was announced that Visa has rented 300,000 square feet (27,900 square meters)...
Amazon to lay off 14,000 corporate employees
Amazon.com Inc. intends to cut jobs for around 14,000 corporate staff as part of a plan to save costs, as stated by Beth Galetti, the company's senior vice president. In a corporate blog post, Galetti explained, "The layoffs we are announcing today are part of our continued effort to reduce...
Luca de Meo to head Kering SA
At a general meeting, the shareholders of French holding company Kering SA endorsed the selection of Luca de Meo as CEO, as stated in a press release. It states that “this appointment represents the division of the roles of board chairman and chief executive officer.” De Meo will assume the role...
JPMorgan Chase may move its European headquarters
JPMorgan Chase & Co., the American bank, is evaluating the option of relocating its European headquarters, as reported by the Financial Times, referencing sources. They state that the bank is performing thorough due diligence on the Riverside South skyscraper site development in London's Canary...
Deutsche Bahn CEO to step down
Richard Lutz, CEO of the state-owned railway company Deutsche Bahn, will resign, announced the German Federal Transport Ministry in a statement. Lutz has led the company for eight years, with his tenure concluding in 2027. He will stay in his position until a successor is named, for whom the search...
Trump calls on Intel CEO to resign over Chinese investments
US President Donald Trump has urged Intel Corp. CEO Lip-Bu Tan to step down right away, referencing a “significant conflict of interest” due to his investments in Chinese firms. “The Intel CEO should step down right away because of a significant conflict of interest. There isn't another solution to...
Anna Wintour steps down as Vogue editor-in-chief after 37 years
American Vogue's editor-in-chief Anna Wintour is leaving her position after 37 years, The New York Post writes referencing a source familiar with Condé Nast. The company’s spokesperson stated that Wintour, 75, revealed during a staff meeting on Thursday morning that she was seeking a new "head of...
Likely candidate for Renault CEO Maxime Picat leaves Stellantis
Stellantis announced in a press release that Purchasing Director Maxime Picat has departed from his position. Picat is seen as one of the top candidates to lead another automaker, Renault. Last week, Renault's CEO Luca de Meo revealed his intention to resign on July 15 and pursue new...
Renault head Luca de Meo to leave the company on July 15
Renault's CEO Luca de Meo has revealed his choice to resign and pursue new opportunities beyond the automotive industry, reads a press statement from the French car manufacturer. De Meo held this position for five years. He will depart from the company on July 15 and will maintain his...
