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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Huawei Overtakes Apple and Samsung as Smartphone World Leader

June 16, 2020
To the surprise of many, Huawei overtook Samsung as the world’s largest smartphone manufacturer in April, with a 2% greater market share.
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Nikola CEO Achieves Billionaire Status After Stock Surge

June 15, 2020
Following Nikola’s first week as a publicly traded company, new CEO Mark Russell’s owned stock was catapulted to $1.3 billion.
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Tim Cook Commits $100 Million Towards Racial Justice Initiative

June 12, 2020
The Apple CEO’s new programme will both promote racial equality within the company and assist external non-profit ventures.
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CrossFit CEO Resigns Following Public Backlash

June 10, 2020
Greg Glassman acknowledged having “created a rift” in the fitness community with his remarks on the death of George Floyd.
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Volkswagen Chief Replaced Following Internal Disputes

June 9, 2020
Herbert Diess was removed from his position after clashing with key stakeholders and directors, for which he has now apologised.
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Reebok and Other Organisations End Partnerships With CrossFit

June 8, 2020
Following CrossFit chief executive Greg Glassman’s tweet invoking the memory of George Floyd, numerous brands have cut ties with the CrossFit games.
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