Panera Bread is reportedly making significant changes to its corporate structure as its parent company Panera Brands prepares for an initial public offering (IPO). The company will be laying off approximately 17% of its 1,800 corporate staff, focusing on support-staff roles, the Wall Street Journal...
ACI Worldwide has appointed Abe Kuruvilla, formerly chief information officer at CoreLogic, as its new chief technology officer (CTO). Kuruvilla’s role will involve leading ACI’s innovation agenda and optimizing the development and delivery of its software solutions to banks, merchants and billers worldwide, the provider of real-time payments...
Magic Leap, an augmented reality (AR) platform, appointed Ross Rosenberg as its new CEO. Effective Nov. 1, Rosenberg, an experienced technology executive, will succeed Peggy Johnson, who is stepping down after guiding the company through a multiyear transformation into an AR platform, Magic Leap said...
Barclays is shrinking its U.S. consumer banking division as it looks to lower costs. “We recently streamlined and simplified our U.S. Consumer Bank operating model, which has regrettably resulted in a limited number of roles being made redundant,” a spokesperson for the British banking giant...
Goldman Sachs is appointing David Kamo as its global head of financial sponsor mergers and acquisitions (M&A). Kamo’s new role will involve leading the bank’s efforts in working with clients such as private equity firms and alternative asset managers, Reuters reported on Tuesday (Oct. 24). He will facilitate transactions involving...
Brookfield has hired Worldpay’s former CEO to oversee its push into the financial infrastructure space. Sir Ron Kalifa, who spent more than a decade leading Worldpay and is now chair of Network International, is joining Brookfield as a vice-chair and head of its financial infrastructure...
The number of CEO changes at U.S. companies reached its highest quarterly total on record in the third quarter. The third quarter of 2023 witnessed 518 CEO departures, global outplacement and career transitioning firm Challenger, Gray & Christmas said in a Thursday (Oct. 19) press...
Payments platform Thredd has named Visa and i2C veteran Jim McCarthy as its CEO. McCarthy, who joined the London-based company earlier this year, will replace Kevin Schultz, who is set to retire later this year, Thredd said in a Thursday (Oct. 19) news release. “Jim...
Costco Wholesale has announced that CEO Craig Jelinek will be stepping down on Jan. 1, 2024, after more than a decade at the helm of the company, the company reported in a press release Wednesday (Oct. 18). Jelinek will be succeeded by Ron Vachris, who...
