Michelle Gass, chief executive officer of Kohls Corp., at the National Retail Federation Inc. annual honors in New York, Jan. 12, 2020. Bess Adler | Bloomberg | Getty Images Turnover in C-suites spiked across industries last year — and in retail in particular. Next week, new CEOs will take over at both Levi Strauss and … Read more
Sam Altman, CEO of OpenAI, during a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Bloomberg | Bloomberg | Getty Images Executives at some of the world’s leading artificial intelligence labs are expecting a form of AI on a par with — or even exceeding — human intelligence to … Read more
Walgreens CEO Tim Wentworth told CNBC’s Jim Cramer that the company is using its stores and brand to bolster its developing health-care business. Walgreens has made significant investments over the past few years to expand beyond a drugstore chain into a large health-care company. Wentworth acknowledged that the company has been closing stores to make … Read more
Korean auto major Kia Tuesday announced the appointment of Gwanggu Lee as the new Managing Director and CEO of its India operations with immediate effect. Lee succeeds will Tae Jin Park, who is retiring after a 36-year journey with Kia Corporation and 4 years with Kia India. With over 30 years of experience in the … Read more
Kia India on Tuesday said it has appointed Gwanggu Lee as the new Managing Director and CEO with immediate effect. Lee succeeds Tae Jin Park, who retires after a 36-year journey with Kia Corporation including a four year stint with Kia India, the automaker said in a statement. Lee has held leadership positions in various … Read more
Mumbai: Ashok Vaswani on Monday took over as the managing director (MD) and CEO of Kotak Mahindra Bank, succeeding Dipak Gupta, who served as interim MD and CEO after founder director Uday Kotak stepped down on September 2, 2023. Vaswani, 62, will have a term of three years. Vaswani, a seasoned banker with experience at … Read more
While Singapore may be a small country, its capacity for online drama is surprisingly huge. From a comedian cancelled over an offensive joke to TikTok’s Singaporean CEO getting crowned a ‘zaddy’, here are some of the most hotly discussed topics to have swept Singaporean social media in 2023. Comedian Jocelyn Chia enrages Malaysians After a … Read more
Pedestrians walk past a Levi’s store in Hong Kong. Sopa Images | Lightrocket | Getty Images Levi’s CEO Chip Bergh is calling it quits and handing the reins over to his long-anointed successor Michelle Gass, the former CEO of Kohl’s, the company announced Thursday. Gass will take over the chief executive position on Jan. 29 … Read more
Amazon CEO Andy Jassy told CNBC’s Jim Cramer how the company has been able to increasingly carry out same-day orders. Amazon changed its U.S. fulfillment network from a “flat regional network” to eight regional hubs, reconfiguring its placement algorithms to get items closer to customers, he said. He added that the company also uses “sub … Read more
Signet Jewelers CEO Gina Drosos told CNBC’s Jim Cramer on Tuesday that marriage proposals are finally on the rise, years after Covid disrupted typical dating patterns and hurt the company’s business. “We know a lot about dating couples, and so we feel quite confident that our predictions are right, and that the engagement trough has … Read more
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