CEO News

Airbus Announces Plans to Cut 15,000 Jobs

July 1, 2020
Despite a recent government bailout, Airbus CEO Guillaume Faury says that the company is “facing the gravest crisis this industry has ever experienced”.
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Amazon Web Services Launches Aerospace and Satellite Unit

June 30, 2020
Amazon’s AWS is expanding to the space industry, with apparent plans to branch into rocket launches, human spaceflight and numerous other sub-sectors.
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Coca-Cola, Honda and Unilever Join Facebook Ad Boycott

June 29, 2020
The #StopHateForProfit campaign has picked up steam as major brands have pulled ads from Facebook in condemnation of the social media platform’s inadequate content moderation.
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Fiji Markets Itself as a Coronavirus Shelter for Billionaires

June 29, 2020
In an attempt to revive the country’s gutted tourism industry, Fiji’s leaders have begun to advertise specifically to billionaires seeking a haven from the pandemic.
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Masayoshi Son Steps Down From Board of Alibaba

June 26, 2020
The SoftBank CEO’s departure comes in parallel with Alibaba CEO Jack Ma’s departure from SoftBank’s board.
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Mercedes Ends BMW Partnership, Joins Forces With NVIDIA

June 25, 2020
Stepping up the race to create truly autonomous cars, Mercedes-Benz has ended its cooperation with BMW and found a new partner in graphics software company NVIDIA.
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New Fortum CEO Intends to “Focus” Portfolio Away From Fossil Fuels

June 24, 2020
Markus Rauramo, incoming CEO of Finland’s top utility company, announced his intent to transition to renewable energy sources in  post-2020 operations.
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Former Wirecard CEO Markus Braun Arrested

June 23, 2020
As the German payments company falls deeper into scandal following a €1.9 billion balance sheet hole, its former CEO has been arrested on suspicion of fraud.
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Wirecard Acknowledges Scale of Fraud Scandal

June 22, 2020
The once-prominent German payments firm admitted on Monday that the missing €1.9 billion on its balance sheets may "not exist”.
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Wirecard CEO Resigns as €1.9 Billion Discovered “Missing”

June 19, 2020
Once an enormously successful fintech start-up, Wirecard has plunged into crisis following the loss of €1.9 billion from balance sheets due to suspected fraud.
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Siemens Gamesa CEO Replaced as Onshore Wind Division Struggles

June 18, 2020
Months before Siemens Gamesa’s merger into a new Siemens spin-off, CEO Markus Tacke and the board of directors have “mutually agreed to terminate” Tacke’s contract.
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Saudi Aramco Completes $69 Billion Takeover of Sabic

June 17, 2020
The oil giant has closed a deal to purchase a 70% stake in Sabic and allowed itself a greater window of time to finish paying.
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