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...
Stéphanie Cabossioras has resigned as the managing director of Binance’s French unit, the latest in a line of leaders to depart the cryptocurrency exchange. Cabossioras, who joined Binance in April of last year, initially served as the head of legal in the region before becoming...
FinTech Plaid has appointed its first chief financial officer (CFO), a step toward a potential initial public offering (IPO). Eric Hart, the former CFO of Expedia, has joined the 10-year-old startup, marking a milestone following its failed sale to Visa two years ago, the Financial Times...
Tupperware has replaced its CEO following months of struggle for the iconic container brand. Laurie Ann Goldman, former CEO for companies such as Spanx and Avon North America, was appointed Tupperware’s new CEO Tuesday (Oct. 17), the company said in a news release. She replaces...
PNC Financial Group began staff reductions that will decrease its workforce by 4%. The move is expected to reduce the company’s 2024 expenses by $325 million at a time when it is focused on expense management, “particularly in the current environment,” PNC Financial Group Chairman,...
Stablecoin provider Tether has appointed its chief technology officer, Paolo Ardoino, as its new CEO, effective from December. Ardoino will succeed Jean-Louis van der Velde, who will transition to an advisory role for the company while retaining his position as CEO for cryptocurrency exchange Bitfinex, Tether said in a Friday...
Walmart named ex-Shipt executive Rina Hurst as vice president of its GoLocal delivery platform. Hurst will oversee the strategic direction, operations and general management of Walmart GoLocal as it continues its goal of bringing retailers same-day delivery, according to a Monday (Oct. 9) press release....
Verifone appointed Fiserv executive Himanshu Patel as its new CEO effective Nov. 1. Patel succeeds Mike Kohlsdorf, who has been CEO since August, the global provider of payment solutions said in a Tuesday (Oct. 10) press release. Kohlsdorf will remain on Verifone’s board of directors....
Citigroup has reportedly taken some of the early steps in its previously announced reorganization. The bank is currently reviewing staff rosters to determine who will be retained, reassigned or laid off in November, Reuters reported Wednesday (Oct. 4), citing a global memo to staff it has seen. Reached...
