Abu Dhabi Was a Mistake — Wizz Air’s CEO Says He’ll Make More
Wizz Air’s joint‑venture in Abu Dhabi, launched in 2019 with sovereign‑wealth fund ADQ, was shut down last summer after the airline hit unexpected operational and regulatory hurdles. CEO József Váradi admitted the move was a mistake, citing especially the Pratt & Whitney GTF engine problems in the Gulf’s harsh climate. The carrier has since re‑assigned the aircraft to stable European routes. Despite the setback, Váradi says the airline will keep pursuing bold growth, eyeing new Middle‑East opportunities such as Israel.
Pfizer’s Strategy Chief Andrew Baum Steps Down; Helus Pharma Swaps Out CEO After Two Months
Andrew Baum, former Citi analyst and Pfizer's chief strategy and innovation officer, has left his executive role but will stay on as a senior strategic advisor to CEO Albert Bourla. His exit adds to a recent series of senior departures...
Tim Cook’s Legacy + The Future of U.B.I. With Andrew Yang + HatGPT
Apple announced that Tim Cook will step down as chief executive after a 12‑year tenure that saw the company’s market value swell to roughly $2.8 trillion. The board has named senior vice president John Ternus as his successor, tasking him with...
Stories of the Week: Hilary Lopez Returns to BlackRock, FTSE 100 CEO Pay Rises, and Women in Investment Awards 2026...
Hilary Lopez has rejoined BlackRock, taking the helm of its sustainable investing division after a brief stint at a rival firm. Meanwhile, FTSE 100 chief executives collectively saw their average compensation rise about 8% year‑over‑year, driven by larger bonuses and...
Alcohol-Free Brewing “Pioneers” Name First CEO and Embark on Ambitious £1M+ Funding Round
East London’s Nirvana Brewery has appointed Paul Thomas Walsh, a veteran of fintech and investment banking, as its inaugural CEO. The brewer, which operates the UK’s only dedicated no‑ and low‑alcohol brewhouse, is launching a £1 million (≈$1.25 million) funding round aimed...
Verizon CEO Warns of More Job Cuts After 13,000-Layoff Wave
Verizon CEO Dan Schulman told investors the carrier may need to trim more jobs after a November layoff of 13,000 employees. He linked the pressure to a shift toward an "AI‑first" model, a $20 million retraining fund, and a 0.98% post‑paid...
Yesway C‑Stores Pull Fast‑Food Diners as Fuel Costs Surge, Food Sales Jump 41% in 2025
Yesway CEO Tom Trkla says the chain’s upgraded food menu is luring fast‑food patrons amid soaring fuel prices, with 41 million proprietary food items sold in 2025 and food now accounting for a third of revenue. The trend reflects broader consumer...
CEO Expands to Dim Sum Franchise in Southern Philippines
Most of you know me as the CEO of Mama Lou’s, but today I want to share something our group has been quietly building. MAMA Hospitality is the Philippine franchise partner of Ding Dim 1968, one of Hong Kong’s most beloved...
Liveops Elevates Molly Moore to President & COO to Accelerate AI‑Driven CX Strategy
Liveops announced that Molly Moore, who has served as COO since April 2025, is now President and Chief Operating Officer. The expanded role merges global service delivery, go‑to‑market execution and AI platform leadership as the company pivots toward outcome‑based customer...
Nestlé’s Restructuring Plan Is Taking Shape in France and Germany
Nestlé’s 2025 restructuring plan aims to cut 16,000 jobs worldwide and save over three billion Swiss francs (≈ $3.3 bn) by 2027. Six months after the announcement, the first layoffs have begun in France and Germany, marking the initial phase of the cost‑reduction...
Xbox CEO Asha Sharma Rewrites Strategy: Daily‑Active‑Players, AI, and a New Take on Exclusives
Xbox’s new leadership, led by CEO Asha Sharma and CCO Matt Booty, announced a strategic overhaul that pivots to daily active players as the core metric, promises flexible pricing, and signals a fresh look at exclusivity and AI. The memo,...
Greg Abel Sells $15 Billion of Berkshire Holdings, Signaling Portfolio Shift
Greg Abel, Berkshire Hathaway’s first CEO in six decades, has reportedly sold about $15 billion of equity positions previously overseen by Todd Combs. The divestiture represents roughly 5% of the $322 billion stock portfolio and hints at a more passive investment stance under...
Redwood Materials COO Chris Lister Retires as Company Cuts 10% Workforce
Redwood Materials confirmed chief operating officer Chris Lister is retiring days after the company eliminated roughly 10% of its staff. The cuts are part of a restructuring aimed at accelerating its energy‑storage business, a shift that has already seen several...
Enova Holdings Posts 33% YoY Loan Originations Surge, Hits Record $875M Revenue
Enova Holdings announced Q1 2026 loan originations of $2.3 billion, up 33% year over year, and record revenue of $875 million, up 17%. The results highlight the fintech lender’s expanding small‑business portfolio and a strategic push toward AI‑driven risk management and a...
Wolt CEO and Slush Chair Marianne Vikkula on Building a Superapp, Leadership Lessons and Slush’s Secret Sauce
Marianne Vikkula, CEO of Wolt and chair of the Slush conference, discussed the Finnish delivery firm’s transformation into one of Europe’s few superapps on the Sifted podcast. Wolt, which started as a restaurant‑food delivery service in Helsinki, now offers groceries,...
Med Ad News 2026 Industry Person of the Year: Matt McNally
Matt McNally was honored as Med Ad News 2026 Industry Person of the Year, recognizing his impact as global CEO of Publicis Health. Since returning to the firm, he has tightened global connectivity, modernized operating models, and championed creative excellence....
Lululemon Picks Former Nike Executive to Be Its Next Chief
Lululemon announced that former Nike executive Heidi O’Neill will become its chief executive on September 8, 2026, ending a months‑long interim leadership period. O’Neill, who helped scale Nike from $9 billion to $45 billion, brings three decades of apparel and brand expertise and will...
The Friday File: Apple; AST SpaceMobile; Deutsche Telekom
Apple announced that senior vice president of hardware engineering John Ternus will succeed Tim Cook as CEO on 1 September 2026, marking the end of Cook’s 15‑year tenure that grew Apple from a $350 billion to a $4 trillion enterprise. AST SpaceMobile...
Sam Altman’s Next High-Wire Act: Getting OpenAI to Make More Money
OpenAI is trimming its portfolio, abandoning non‑essential projects such as the Sora video generator, and concentrating on revenue‑generating products like enterprise coding assistants. The move comes as rivals Anthropic, Google and Elon Musk’s SpaceX intensify pressure on the AI leader....
Will Netflix’s Shaky Ad Business Be Reed Hastings’ Legacy, YouTube Won’t Be “TV” Until It Solves This
Netflix’s hastily launched ad‑supported tier has become a defining issue for outgoing CEO Reed Hastings, as the platform struggles to prove the segment’s profitability and geographic mix. While the tier isn’t a outright failure, vague subscriber data suggest growth is...
Cin7 Appoints Sheldon Cummings as Chief Executive Officer
Cin7 announced Sheldon Cummings as its new chief executive officer, effective April 20, succeeding Ajoy Krishnamoorthy. Cummings brings more than 25 years of experience scaling SaaS businesses for small and mid‑size firms, most recently leading Smarsh’s corporate unit and serving...
Robert Dyas Losses Double as Theo Paphitis Eyes Turnaround
British hardware retailer Robert Dyas posted a pre‑tax loss of £4.7 million (≈$6 million) for the year to March 2025, more than double the £2.3 million loss a year earlier, while turnover edged up 0.9 % to £165.6 million (≈$210 million). Total loss widened to £6 million (≈$7.6 million) as...
Rohan Lund Announced as New CEO of Southern Cross Austereo
Rohan Lund, former CEO of Yahoo7 and COO of Seven West Media and Foxtel, has been appointed Managing Director and CEO of Southern Cross Austereo (SCA), effective May 1, 2026. The appointment follows a turbulent post‑merger period where Seven West Media’s...
CarbonCure Technologies Appoints Yuliya Kravtsov as CEO
CarbonCure Technologies named Yuliya Kravtsov as chief executive officer, ending an interim period under Kristal Kaye. Kravtsov brings over 20 years of senior leadership in cement, most recently overseeing integration at CRH and holding roles at Holcim and Lafarge. Her appointment...
Telefónica Appoints Gómez as Movistar Plus+ CEO
Telefónica has named Alfonso Gómez as the new chief executive of Movistar Plus+, ending Daniel Domenjó’s brief tenure. Gómez arrives from leading Telefónica’s Hispanoamérica unit after the telco trimmed its Latin American portfolio to a single remaining market, Venezuela. The board’s decision is...
Former Chief Operating Officer to Permanently Lead Royal College of Paediatrics
Ian Parrett, formerly chief operating officer at the London Institute of Banking and Finance, has been appointed the permanent leader of the Royal College of Paediatrics and Child Health (RCPCH). He had been serving in an interim capacity since January...
From the Field to the Floor: Dom Giampaolo on Leading Elite Supplements
Elite Supplements has grown from a single gym‑based shop in Canberra to a network of 151 stores across Australia, with 70 owned locations and the rest franchised. In 2019 the company abandoned a licensing model for franchising to regain brand...
Can Kering’s Comprehensive Plan Really Turn Things Around?
Kering's new CEO Luca de Meo unveiled a sweeping turnaround plan after years of sales decline, especially at Gucci. The strategy includes pausing the Valentino acquisition, selling the beauty business to L’Oréal, and cutting Gucci's SKU count by 20% while emphasizing...
Retail Just Lost One of Its Few Female CEOs. She Kept Best Buy Afloat During the Pandemic
Best Buy announced that CEO Corie Barry will step down in late October 2026, ending a seven‑year tenure that began in 2019. Barry steered the company through pandemic store closures, pivoting to curbside pickup, drive‑up fulfillment and a stronger digital presence, while launching...
Auric Lures Ex-Black Cat Syndicate Boss to Drive WA Gold Growth
Auric Mining announced the appointment of Gareth Solly, former founder of Black Cat Syndicate, as chief executive officer effective 18 May. Solly previously grew Black Cat to a $660 million market cap and a 100,000‑ounce annual output, showcasing a rare "mine‑to‑mill" skill set. The hire aligns...
Bessemer‑Backed Tencarva Acquires WWaterTech, Expands Municipal Water Reach
Tencarva Machinery Company, a Bessemer‑backed industrial distributor, announced the acquisition of WWaterTech Services, a Texas‑based water‑equipment representative. The deal, terms undisclosed, broadens Tencarva’s municipal water footprint across Texas and Oklahoma and deepens its OEM relationships.
Comcast Beats Q1 Estimates as Broadband Churn Plummets to 65,000
Comcast reported first‑quarter revenue of $31.5 billion and adjusted earnings of $0.79 per share, surpassing Wall Street forecasts. The cable giant highlighted a sharp drop in broadband customer losses to 65,000, down from 183,000 a year earlier, and added 435,000 new...
Zurich Secures Shareholder Backing for $10.9 B Beazley Takeover
Zurich Insurance Group announced that Beazley shareholders have approved the $10.9 billion cash‑and‑stock acquisition, clearing the final hurdle before closing. The deal will combine Zurich’s global commercial platform with Beazley’s specialty expertise, creating the largest Lloyd’s‑linked insurer by premium volume.
Aspect Software Launches AI Platform and Names New CEO, Accelerating HRTech Growth
Aspect Software rolled out Aspect Intelligence™, its AI‑native workforce intelligence platform, and appointed Jeff Kupietzky as permanent chief executive officer. The moves underscore the company's shift toward AI‑enabled HR tools amid rising demand for real‑time workforce coordination.
Devin Nunes Ousted as CEO of Trump Media After 67% Stock Collapse
Trump Media & Technology Group announced that Devin Nunes has resigned as chief executive and chairman, appointing Kevin McGurn as interim CEO. The change follows a 67% drop in DJT stock since the 2024 election, erasing more than $6 billion in...
Tim Cook Steps Down as Apple CEO, John Ternus Named Successor
Apple announced that Tim Cook will step down as chief executive after a 15‑year tenure, with senior vice president John Ternus slated to take over on Sept. 1. The transition ends an era that saw Apple become a trillion‑dollar company and...
Rose Herceg Promoted as WPP Revives ANZ CEO Role
WPP has reinstated the Australia‑New Zealand chief executive officer role after a five‑year gap, promoting Rose Herceg from president to CEO. The title change was reflected on her LinkedIn profile, though the firm says it is “a title change only.” The...
‘Influence Isn’t Driven by How Loud You Are, but by How Available You Are.’: Omicom Media Singapore’s Chloe Neo and...
Omnicom Media Singapore unveiled its OM Growth Model, emphasizing that brand influence now depends on three pillars—physical, mental and emotional availability—rather than sheer ad volume. The framework reflects a consumer shift toward AI‑driven discovery, creator‑led content, and frictionless commerce across...
Dicker Data Appoints Fiona Brown as MD
Dicker Data has appointed co‑founder Fiona Brown as managing director, eleven months after she stepped into the executive chair role following CEO David Dicker’s departure. The board said her expanded responsibilities merit the formal MD title, which she will retain...
Apple's Future Under Ternus Won’t Be Just Hardware
I just published today’s Above Avalon Daily email. It took longer than expected to write, but I think it fully explains my view on where Apple stands and what things may look like with John Ternus as CEO. Much of what...
Intrepid Travel Acquires France’s Altaï Group, Boosting French‑Speaking Adventure Market
Intrepid Travel announced the completion of its biggest ever acquisition, purchasing France’s Altaï Group to enter the French‑speaking adventure‑travel market. The deal adds brands like Atalante and Les Aventureurs to Intrepid’s portfolio and underscores a broader push into non‑English European...
Gentherm Incorporated Q1 2026 Earnings Call Summary
Gentherm reported record first‑quarter revenue, propelled by outsized growth in its Automotive Climate and Comfort Solutions segment and strong performance in China. The company announced a product‑focused reorganization and a pending combination with Modine Performance Technologies, which together target $3.5 billion...
Lululemon Appoints Former Nike Exec Heidi O’Neill as CEO, Shares Tumble 12% on Market Doubts
Lululemon Athletica announced that former Nike president Heidi O’Neill will assume the chief executive role on Sept. 8, replacing Calvin McDonald. The appointment, made under pressure from activist Elliott Investment Management and founder Chip Wilson, sent the stock down more than 6%...
Procter & Gamble Co (PG) Q3 2026 Earnings Call Transcript
Procter & Gamble announced a planned leadership transition, with CEO Jon R. Moeller moving to Executive Chairman and Shailesh Jejurikar becoming President and CEO on Jan. 1, 2026. The company also launched a two‑year restructuring to cut up to 7,000 non‑manufacturing...
SCAN CEO Urges Brokers to Drop Plans That Treat Them Poorly — One Says She Has No Choice
At the Medicarians Conference, SCAN Health Plan CEO Sachin Jain urged brokers to abandon for‑profit Medicare Advantage plans that cut commissions and instead partner with not‑for‑profit carriers. He framed the plea as self‑interest, noting the recent 2.48% Medicare Advantage rate...
NAR Is ‘Not in the Business Anymore of Creating Chaos,’ CEO Says
The National Association of Realtors, led by CEO Nykia Wright, reported a membership base of 1.412 million, a modest dip from last fall’s 1.491 million. Wright highlighted a comprehensive derisking agenda aimed at insulating the group from further antitrust and commission lawsuits....
Building a Profitable Neobank by Doing Everything the Hard Way With Ali Niknam, CEO of Bunq
In this episode, Ali Niknam, founder and CEO of the Dutch neobank bunq, explains how he built a profitable, user‑centric bank by self‑funding it with nearly €100 million (≈ $108 million) and launching with a paid subscription model instead of free plans. He...
Replit Thrives After Swapping SF for Spacious Foster City
Two years since Replit left SF. 10x valuation and 200x ARR later we’ve taken over much of the old IBM campus in Foster City and we’re still expanding. There’s something poetic about it: IBM helped create the industry. We’re helping reinvent how...
Ari Emanuel's 2025 CEO Pay Soars to $67.4M
Ari Emanuel’s Pay Package as CEO of TKO Group Jumps to $67.4 Million in 2025 https://t.co/WHbgJ250rc
Elon Musk Lands Another ‘Moonshot’ Pay Deal
The episode covers three major business headlines: massive tech layoffs at Meta and Microsoft as AI spending pressures costs, Elon Musk’s upcoming SpaceX IPO and a new "moonshot" compensation package that could give him outsized control through dual‑class voting shares,...