Citi announced changes to its leadership team and structure as it works to continue increasing its shareholder returns. Mark Mason will transition out of the role of chief financial officer in March 2026, according to a Thursday (Nov. 20) press release. He will then become...
IBM reportedly plans to cut “thousands” of jobs during the current quarter. The company is doing so as it shifts its focus to higher-growth software and services, Bloomberg reported Tuesday (Nov. 4). “We routinely review our workforce through this lens and at times rebalance accordingly,”...
Database company MongoDB announced Monday (Nov. 3) that Dev Ittycheria will retire as president and CEO after leading the company for 11 years. Ittycheria will be succeeded in those roles by Chirantan “CJ” Desai, who most recently served as president of product and engineering at...
U.K. digital bank Monzo is getting a new chief executive from the ranks of Big Tech. Diana Layfield, former general manager of search international and growth at Google, will become Monzo’s CEO in February, the company’s current head said in a memo sent to staff...
Payments acceptance solutions company Ingenico has named industry veteran Floris de Kort as its CEO. He will take on the top job at Ingenico Nov. 1, the company announced Tuesday (Oct. 28). He replaces Lauren Blanchard, who is stepping down to pursue other ventures. “Floris de Kort brings deep and proven expertise...
Key Commercial Bank has named its head of commercial onboarding, Eric Girard, to be its head of embedded banking and its co-head of commercial product management. In his new roles, Girard will develop and implement a vision for the embedded banking team and will lead...
Evolve Bank & Trust CEO Bob Hartheimer was arrested Thursday in Memphis on felony charges tied to the sexual exploitation of a minor, according to several local reports and court records. The development lands as Evolve continues to face industry scrutiny over its sponsor‑bank role in the...
Target Corp. said on Thursday (Oct. 23) that it will eliminate 1,800 corporate roles, or 8% of its headquarters workforce, in its largest restructuring in years, a move designed to streamline operations and reduce costs as it battles waning sales and investor skepticism. According to...
Treasury Secretary Scott Bessent has appointed Derek Theurer, who joined the department in January as counselor, to perform the duties of deputy secretary of the Treasury. As counselor, Theurer assisted Bessent with global tax negotiations and the enactment of President Donald Trump’s tax cuts, the...