Airbus has appointed Christian Scherer, 56, Chief Commercial Officer (CCO), replacing Eric Schulz, who resigned from the company for personal reasons. Christian Scherer will start his new assignment with immediate effect. He will report to Airbus Chief Executive Officer (CEO) Tom Enders. Tom Enders, Airbus CEO, said: “With Christian Scherer […]
Bayer AG has appointed Stefan Oelrich (50) to the company’s Board of Management. The company said Stefan Oelrich ill succeed Dieter Weinand as head of the Pharmaceuticals Division as of November 1, 2018. Weinand is leaving the company for family reasons. He will be joining the Executive Committee of Sanofi […]
Demark’s Nordea said it has alongside DNB agreed to sell 60 per cent of Luminor to a consortium led by private equity funds managed by Blackstone. The company said in a statement that as a result of the transaction, each of Nordea and DNB will hold approx. 20 per cent […]
America’s iM Global Partners has acquired significant iM Global Partner, today announced the acquisition of a 45% interest in Dynamic Beta investments (previously branded Beachhead Capital). Dynamic Beta investments and iM Global Partner said it aims to become a major player in the liquid alternatives asset management space across the […]
The Dubai Financial Services Authority has today announced the appointment of Bryan Stirewalt as the next Chief Executive of the DFSA. The DFSA is Dubai’s financial regulator. The DFSA saud in a statement that Bryan will succeed Ian Johnston, who in late 2017 announced his intention to retire from the […]
The Carlyle Group said today that it has agreed to become the majority owner of Sedgwick in a transaction valued at approximately $6.7 billion. Sedgwick is a provider of technology-enabled risk, benefits and integrated business solutions, announced today that affiliates of funds managed by The company said in a statement […]
Stanley Black & Decker said it has acquired 20% stake in MTD Products Inc. MTD Products Inc., is a lawnmower maker based in the United States. Stanley said it paid about $234 million for the stake in the smaller company when compared to its size. The company said in a […]
LDC, a private equity investor LDC said it has completed the sale of fume extraction and filtration specialist BOFA International (BOFA) to NYSE-listed Donaldson Company. Donaldson Company is a worldwide manufacturer of filtration systems and parts. LDC said in a statement that Donaldson has agreed to acquire an 88 per […]
South Africa’s MTN Group Limited said it remains resolute despite strong sanctions and illegal transfer allegations against its local unit in Nigeria. The company has applied to a Nigerian High Court to seek a restraining order against the CBN and the Attorney General of the Federation from taking any action […]
European financial services giant, ING has announced today that Koos Timmermans will step down from his position as chief financial officer. ING said Koos Timmermans will also step down as a member of the Executive Board of ING Group and will leave the company. The company disclosed that his resignation […]