CEOS
Who is Juli Vavilova? The mystery blond, who may have played a direct role in the arrest of Telegram CEO Pavel Durov
The rumors surrounding the arrest of Telegram CEO Pavel Durov have been connected to 24-year-old Juli Vavilova. Her ambiguous relationship with Durov and her social media activities have sparked speculation about her possible involvement.
Telegram CEO Pavel Durov has fathered 100 kids; what's the truth?
Telegram boss Pavel Durov has dropped in a rather strange claim that is making headlines across the globe, and has also grabbed the attention of X owner Elon Musk, who has also talked about it. Durov claims that he is the biological father of nearly a 100 children, leaving millions of his followers stunned. But, how did he do it in the first place?
Arrested Telegram boss Pavel Durov 'has nothing to hide', co says
Telegram has denied allegations of its CEO, Pavel Durov, failing to curb criminal activity on its messaging app, stating that the company abides by EU laws and its moderation is within industry standards.
Who is Pavel Durov, CEO of messaging app Telegram?
Russian-born Durov, 39, is founder and owner of messaging app Telegram, a free to use platform that competes with other social media platforms such as Facebook's WhatsApp, or Instagram, TikTok and Wechat. The platform aims to surpass one billion active monthly users within a year.
Starbucks' new CEO arrives with more power
Niccol, who is leaving Chipotle Mexican Grill, will become CEO and chairman the moment he joins Starbucks on September 9. By contrast, Laxman Narasimhan spent more than five months as the CEO-in-training under company patriarch Howard Schultz and he never took on the board chairman position. Only after an intense period of shadowing Schultz did he gain the ability to set the company's strategy.
Billionaire Gautam Adani to revamp family offices, hire auditors and CEO to boost oversight
Billionaire Gautam Adani plans to hire auditors from a top global firm and appoint a CEO for his family offices to improve transparency and disclosure. This move follows last year’s scrutiny by Hindenburg Research over the group’s opaque operations. Professionals will be hired to oversee shareholding and financial reporting, making the family office fully operational by April 2025.
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Walt Disney tasks board member Gorman to lead panel for CEO search
Walt Disney has appointed James Gorman, Morgan Stanley's executive chairman, to head its succession planning committee for a new CEO. Bob Iger's retirement has been extended five times; Iger stepped down but returned in 2022. The board prioritizes succession, with Gorman ceding his current role in December.
India GCC is miniature version of Verizon’s global operations, CEO Hans Vestberg says
Verizon Communications’ global capability centre in India has expanded to over 7,065 employees, making it the company's biggest presence outside the US. Starting with basic tasks 20 years ago, it now handles R&D, data analytics, and 5G solutions. CEO Hans Vestberg emphasized the centre’s importance in Verizon’s global operations.
Serum Institute says working to develop Monkeypox vaccine
The World Health Organisation on August 14 declared the Mpox outbreak a public health emergency of international concern. The move came after a sudden increase in cases was recorded in parts of Africa. In India, around 30 Mpox cases have been detected since 2022. The most recent case in the country was reported in March 2024.
Shark Tank’s Anupam Mittal criticizes Starbucks, says 'more toxic than tobacco'
Starbucks fired CEO Laxman Narasimhan after just 16 months due to poor sales, appointing Chipotle CEO Brian Nichol as his successor. Anupam Mittal expressed on Twitter that Starbucks should revert to its origins or innovate, criticizing its current focus on sugary dessert-like offerings rather than coffee.
Under pressure from the board, Starbucks turns to Chipotle's Niccol as CEO; shares soar
Starbucks has appointed Brian Niccol, previously Chipotle's CEO, as its new leader, replacing Laxman Narasimhan. Known for turning around Chipotle, Niccol faces several challenges at Starbucks, including competition and declining demand. The appointment led to a significant rise in Starbucks' shares. Activist investor Elliott endorsed this move as a transformational step.
Zetwerk appoints former Royal Enfield CEO Vinod Kumar Dasari to its Board of Directors
Zetwerk has appointed Vinod Kumar Dasari, former CEO of Royal Enfield, to its board of directors. Dasari, with extensive experience in manufacturing, will offer strategic insights as Zetwerk expands into new sectors. His appointment, effective July 1, is expected to drive the company's growth and innovation in contract manufacturing
India plays key role in solving global challenges, driving positive impact: Desmond Kuek, CEO, Temasek Trust
Desmond Kuek, CEO of Temasek Trust, remarked on Asia’s importance in addressing climate change due to its significant emissions. India’s role is crucial in this effort. Temasek Trust, focusing on sustainability, partners with global and Indian organizations to drive systemic changes and foster intentional philanthropy, especially among millennials.
PHDCCI names Ranjeet Mehta as CEO, secretary general
Mehta, a Harvard Business School-certified leader and fellow of the US government's International Visitors Leadership Programme, holds a Ph D in management and has over 34 years of global corporate leadership experience.
Hero Vired appoints Prakhar Kasar as CEO
His appointment comes at a time when the company is looking to expand its reach and impact in the evolving online education universe.
Bajaj Electricals MD & CEO to move on from the business
The chairman of Bajaj Electricals, Shekhar Bajaj, said, “Anuj joined us at a time when we were facing significant challenges, and he has demonstrated exceptional passion, leadership and strategic foresight in navigating our organisation into a strong position.”
TFCILTD in focus: Adani Group advisor and former MD & CEO of Karnataka Bank join TFCILTD
TFCILTD, an NBFC, appoints Deepak Amitabh and Dr Mahabaleshwara MS, boosting strategic capabilities. Amitabh, an Adani Group advisor, is strong in financial strategy. Dr. Mahabaleshwara, ex-MD & CEO of Karnataka Bank, enhanced digital footprint, key for financial planning, management, governance, and exploring growth avenues.
Mashreq appoints HDFC Bank's Tushar Vikram as country head and CEO of India operations
Mashreq, the oldest publicly listed bank in the UAE, has appointed Tushar Vikram as its new country head and CEO of India, starting June 2024. Vikram will lead the bank’s operations in India, focusing on strategic growth. He previously served as the group head of investment banking for HDFC Bank and spent 27 years with Citibank in various roles. Tarek El Nahas, group head of international banking at Mashreq, highlighted Vikram's extensive experience and successful track record in financial management.
M1 NXT appoints Munindra Verma as CEO
M1 NXT, an international trade financing platform, has appointed Munindra Verma as its new CEO. Verma, who previously worked at YES Bank, will expand the platform's Global Financiers network and lead efforts to integrate digital technologies. Mynd Group promoter and director Sundeep Mohindru said Verma's expertise in innovative financial solutions will help establish M1 NXT as a trusted provider of international trade finance solutions for Indian businesses.
Number of women in top roles rises slower than number of women in company boards
A paper by NCAER economists Ratna Sahay, Navya Srivastava, and Mahima Vasishth has documented these findings while highlighting the progress and shortcomings in gender diversity since the April 2015 mandate, the report said. This paper will be presented at the India Policy Forum.
NIIT appoints Pankaj Jathar as CEO
Jathar has experience in consumer-focused businesses, spanning e-commerce, startups and D2C ventures. He will be responsible for capitalising on new opportunities through the integration of GenAI to drive innovation and growth, the company said in a statement.
Canon India appoints Toshiaki Nomura as president and CEO
Canon India has appointed Toshiaki Nomura as its new President and CEO starting July 1. Nomura, with Canon since 1999, previously led Canon's Business Imaging Solution division in Southeast and South Asia. He aims to leverage India's dynamic market potential, focusing on core imaging and printing while expanding into new segments like surveillance and industrial printing. Under Nomura's leadership, Canon plans aggressive expansion into tier-2 and 3 cities, strengthening its brand presence nationwide.
JPMorgan India bank CEO Singh quits before end of term
Prabdev Singh, CEO of JPMorgan Chase Bank in India, has stepped down prematurely from his three-year term. Pranav Chawda, currently heading commercial banking, will expand his role to lead India Corporate Banking. Singh, known as PD, joined JPMorgan in 2010 after a decade at HSBC. JPMorgan has operated in India since 1922, with four branches nationwide.
CEO posts about his 'honest' firing approach on LinkedIn, faces backlash online
Matthew Baltzell, CEO of Cap X Media, faced a social media backlash after posting about firing an employee on LinkedIn. His 10-minute meeting with the employee, offering a severance package and a future reference, was seen as both professional and insensitive by different users. While some praised his transparency, others criticized his approach as tone-deaf and unprofessional. Baltzell emphasized the importance of handling exits with respect and maintaining a positive company culture.
Sheela Foam sees 14-15 pc CAGR growth in next 3-5 yrs: CEO Nilesh Mazumdar
Sheela Foam, owner of Sleepwell and Kurlon, projects a 14-15% CAGR growth over the next 3-5 years, according to CEO Nilesh Mazumdar. Following its acquisition of Kurlon, Sheela Foam aims to surpass Rs 1,000 crore in revenue. The company plans to expand market share and maintain distinct brand identities for Sleepwell and Kurlon.
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