CEO

Citigroup announced on Tuesday that it had set Chief Executive Officer Jane Fraser’s total compensation for 2024 at $34.5 million, marking a 33% increase from the previous year. The compensation package consists of a $1.5 million base salary, a $4.95 million cash incentive, and the remainder in deferred incentives. In comparison, Fraser had received $26

Versapay gathered 300 of its remotely working employees from around the country on Bentonville, Arkansas, last summer for a four-day, company-paid gathering to promote connection and camaraderie. Attendees got hotel gift bags; retailers visited them with chocolate tastings; they were regaled by a variety of musical acts. “We literally took over the town and creative

Indian online travel company EaseMyTrip underwent a significant leadership change at the start of the year when co-founder Nishant Pitti stepped down as CEO, citing personal reasons at the time. His brother, Rikant Pittie, who previously served as the company’s chief financial officer, assumed the role. In a recent earnings call, Nishant clarified that he

While overall voluntary turnover in the U.S. has declined in recent years—from 24.7% in 2022 to 13.5% in 2024—the business landscape is experiencing a steady rise in C-suite turnover, with a 5.4% rate for heads of organizations and executive roles in August 2024. This increase in leadership turnover is driven by factors such as post-pandemic

A positive company culture is one of the most important assets in the competitive and fast-changing business world. This organizational culture influences how employees interact, perform, make decisions, and reach goals. For all of this to be met, a CEO plays an important role in building and maintaining this positive culture. Given their position, a

Export-Import Bank of Malaysia Bhd (EXIM Bank) has announced the appointment of Nurbayu Kasim Chang as its new president and chief executive officer (CEO). Bringing over two decades of experience in structured corporate banking, Islamic finance, and development finance, Nurbayu has built a strong career in the financial sector. She first joined EXIM Bank as

Omnicom Media Group (OMG) has appointed Nikki Grafton as the CEO of OMG New Zealand, marking the first time the company’s operations in the country will function under independent executive oversight rather than being part of a combined Australia-New Zealand leadership structure. In her new role, Grafton will lead the ongoing expansion and evolution of

A growing number of C-suite executives reporting to CEOs, excluding CHROs, are considering leaving their current roles within the next two years. According to Gartner, Inc., 56% of these leaders indicated they were likely or extremely likely to exit their positions during this timeframe. A Gartner survey conducted in October 2024 among 200 CxOs found

Tencent has announced that its Weixin messaging app, China’s largest, is granting some users access to search capabilities powered by DeepSeek’s artificial intelligence model. The company revealed in a statement to Reuters that Weixin is conducting a beta test to trial DeepSeek for search functionality. This development marks a significant step for Tencent, as it

Aquis, a leading innovator in next-generation financial markets, has announced a significant leadership transition. Chief Executive Officer Alasdair Haynes has informed the Board of his decision to step back from daily operations due to health reasons. Effective immediately, he will assume the role of President of the Group. The company confirmed that David Stevens, currently

Neobank Varo is undergoing a leadership transition, with founder Colin Walsh stepping down from his role as Chief Executive Officer. According to a report from FinTech Business Weekly (FBW) on Sunday, February 16, Walsh will continue to serve on Varo’s board but will be succeeded by Gavin Michael, the former CEO of cryptocurrency exchange Bakkt.

As businesses face increasing complexities in managing their workforce, human resources (HR) outsourcing has become the go-to solution for streamlining operations. HR outsourcing companies provide specialized services to help enterprises to focus on what they do best. Yet, how do you determine which provider is the right fit? A round-up of the top HR outsourcing

Cross the ‘blue line’ to boost team culture and performance  Feb. 20 is National Leadership Day, a day set aside to recognize the impact that leaders make in people’s lives as they seek to develop themselves and others. How can you as a business leader keep your team focused and motivated at a time when

A few years back, as I was coping with a life-altering condition, I sought answers from those who seemed imbued with a certain quality I could only label “wise.” I tried to find people who had more depth in their approach to life to ask their advice. At the same time, as a scientist with

NatWest is seeking to raise its chief executive’s maximum pay by over 40% as the bank prepares to return to full private ownership, nearly 17 years after being rescued by taxpayers during the 2008 financial crisis. Formerly known as the Royal Bank of Scotland, the high street lender paid its CEO, Paul Thwaite, $6.2 million

The way Americans prepare (or not) to be workers is changing dramatically under our eyes, brought on by technology, the growing complexity of skill needs and the impatience and fickleness of the workforce. American CEOs are very worried, according to a Hult Business School study, with 98% of leaders saying their organization is struggling to

Domain has announced the appointment of former REA Group CEO Greg Ellis as interim CEO for up to a year while the company conducts a search for a permanent replacement for Jason Pellegrino. The leadership change was revealed alongside Domain’s first-half FY25 results, which reported a 14% increase in EBITDA to $77.8 million and a

Herbalife Ltd. (NYSE: HLF) has finalized a new employment agreement with Michael O. Johnson, securing his role as Chief Executive Officer through December 31, 2025. Effective February 6, 2025, the contract outlines a $1.28 million annual base salary, along with potential annual bonuses and significant equity incentives. The announcement comes as Herbalife, currently valued at

A few years ago, I (MG) had the opportunity to hear three CHROs speak on the topic of employee engagement. They reported that, in spite of companies’ efforts to address this issue, employee engagement scores were near an all-time low around the world. To deal with the problem, the CHROs provided a series of remedies

The Dangote Refinery, owned by Africa’s wealthiest man, Aliko Dangote, is expected to reach full capacity within the next 30 days, according to the refinery’s leadership. Devakumar Edwin, Vice President of Dangote Industries Limited and head of its oil and gas division, reportedly stated that the facility was currently operating at 85% capacity and was