Leon Black said on Monday he would step down as chief executive at Apollo Global Management Inc, following an independent review of his ties to the late financier and convicted sex offender Jeffrey Epstein.
BR Distribuidora reshuffle seen as positive for investors Petrobras refining head steps down before first refinery sale (Recasts story, adds context throughout)
RIO DE JANEIRO, Jan 25 (Reuters) - Two of Brazil’s top executives overseeing privatization efforts at state-run oil and electricity companies Petrobras and Eletrobras stepped down on Monday, raising questions about the future of President Jair Bolsonaro’s asset sale program.
Wilson Ferreira Jr., the chief executive of state-run power firm Centrais Eletricas Brasileiras, or Eletrobras, resigned, saying he had lost faith that there was the necessary political support for the privatization drive.
Ferreira, who led Eletrobras for nearly four-and-a-half years, will take the helm of recently-privatized fuel distributor, Petrobras Distribuidora SA, which operates Latin America’s largest gas station chain known as BR Distribuidora, the two companies said.
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FILE PHOTO: SoftBank Corp Representative Director and CTO Junichi Miyakawa speaks during their joint news conference in Tokyo, Japan October 4, 2018. REUTERS/Issei Kato
TOKYO (Reuters) - SoftBank Corp, Japan’s third-largest telco, said on Tuesday Chief Technology Officer Junichi Miyakawa would become its chief executive officer, effective April 1.
The change at the top of one of SoftBank Group Corp’s largest assets comes after two years of deliberation, with the telco emphasising the need to “pass on the strengths of its current management system to future generations.”
The rotation is likely to lead to speculation over SoftBank Group CEO Masayoshi Son’s own succession plans. The 63-year-old billionaire abandoned a previous plan to hand over the reins and went on to launch the $100 billion Vision Fund.
By Reuters Staff
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(Reuters) - Starboard LP is planning to take control of agricultural company Corteva Inc s board and replace its Chief Executive Officer Jim Collins, the Wall Street Journal reported late on Wednesday, citing people familiar with the matter. on.wsj.com/35ZmERY
The activist investor has privately nominated eight directors to Corteva’s 12-person board, the Journal reported, adding that Starboard is aiming to oust Collins over ‘mediocre performance’.
Starboard and Corteva did not immediately respond to Reuters requests for comment outside regular business hours.
The activist investor, which held a roughly 1.6% stake as on October 2020 in Corteva, has been in on-and-off talks with the company since the fall and nominated board members before the deadline to do so in late December, the newspaper reported citing the sources.
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(Reuters) - Ladbrokes owner Entain named non-executive director and industry veteran Jette Nygaard-Andersen as its chief executive officer on Thursday, making her the first woman to lead a UK gambling company.
FILE PHOTO: General view inside a Ladbrokes shop in Harpenden, Britain, March 18, 2020. REUTERS/Peter Cziborra
Outgoing CEO Shay Segev announced his intention to quit, to take up a job at global sports streaming platform DAZN, days after rejecting an $11 billion takeover approach from MGM Resorts’ just after seven months in the role.
Nygaard-Andersen takes on the role at a time when Entain is evolving into an entertainment company and she will be tasked with steering the firm towards regulated markets, expanding in the lucrative United States sports betting market and boosting its online offerings.