Exits Financial News

Lockheed Martin Corp has withdrawn from the U.S. Air Force's competition to build at least 75 refueling tankers, the company said, giving Boeing's KC-46 Pegasus a boost in the closely-watched multi-billion dollar Air Force contract. Airbus had teamed up with Lockheed in 2018 to offer its A330 multi role tanker transport, but now the French aerospace giant must decide if it will pursue the competition without Lockheed. Airbus did not immediately respond to a request for comment. «Lockheed Martin has decided not to respond to the U.S.

By Valerie Insinna and Mike Stone

Stéphanie Cabossioras has stepped down from her role as the executive director of Binance France, becoming at least the 10th senior executive to leave Binance this year.

Binance France's general manager has decided to step down from her role after one year and six months, adding her name to the list of senior executives to leave the largest crypto exchange this year.

As Citi rips out layers of bureaucracy and ends meetings about reports that never needed to be written, some of its managing directors who might have been presumed safe are disappearing.

New Delhi: Late last month, a much-awaited milestone in the development of India’s financial markets was reached, when JP Morgan announced it would include a set of Indian government bonds in its widely-tracked global bond index. India’s inclusion in the JP Morgan Government Bond Index–Emerging Markets Global Diversified will happen in June 2024, and, according to estimates by analysts, could lead to inflows of $20-25 billion into the country over a year. If, as a result, India is included in other global emerging market bond indices as well, inflows could be even higher.

Moneycontrol. The logistics and delivery firm has so far not announced a replacement for Sudarshan N or commented on his exit. Meanwhile reports indicate that another co-founder Mukund Jha is also set to leave the company in the coming days.

Key Takeaways

A changing of the guard is expected soon on Wall Street.

Warner Bros. Discovery's international division, issued a memo to the company's staff today outlining the new global leadership structure. Following the recent departure of France division head Pierre Branco, Warner Bros.

WealthSelect's sustainable range is no longer invested in the UBAM Positive Impact Emerging Market Equity fund.

corporate executives have triggered sharp sell-offs in shares of these companies. On Friday, Navin Fluorine, a chemical company plummeted by as much as 15%, marking its most significant single-day decline in eight years, following the sudden resignation of its CEO.

Cryptocurrency exchange Binance has announced its full exit from Russia by selling its firm to a newly launched crypto exchange business known as CommEX.

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GURUGRAM : Wipro Ltd will return to a “great level of growth" when market conditions improve, chief executive officer Delaporte said in an interview where he defended his leadership style and dismissed worries about senior-level exits. The statement from Delaporte, who took over as Wipro boss in July 2020, comes at a time when at least half a dozen brokerages expect Wipro’s full-year revenue to decline this fiscal year. “There is nothing inside the company that would make us grow less now than two years ago.

₹418.50 apiece. Wipro is putting on a brave face. In an exclusive interview with Mint, Wipro’s chief executive officer Thierry Delaporte, who took charge in July 2020, said he is not perturbed by the top-level exits.

Apoorva Mehta is checking out with a $1.1 billion fortune following the grocery-delivery company’s initial public offering. Mehta, 37, who stepped down as chief executive officer in August 2021, relinquished his board position as executive chairman as part of the IPO proceedings to current CEO Fidji Simo, a former Meta Platforms Inc. executive. The transition marks the end of Mehta’s 11-year tenure with the company he co-founded in 2012.

reporting more than 33,000 customers were still without power, and NB Power was reporting over 3,000 customers in the dark.“This morning, our day crews are back out across the province assessing damage, removing trees from lines and repairing equipment,” read a social media post from Nova Scotia Power.The electrical utility said about 277,000 customers experienced outages since the storm’s arrival.“Crews were able to restore power to approximately 170,000 customers and we expect to get a significant amount more back on today,” the statement said.“Damage from the tropical storm force winds and heavy rain ranges from broken power poles and uprooted trees, to downed power lines, localized flooding, and road closures.”Nova Scotia Power has begun operating helicopters and drones throughout the province to assist with damage assessment during their restoration process.Matt Drover, storm lead for Nova Scotia Power, said despite not having an estimate for full restoration, a “significant” number of customers should regain power on Sunday.“Our goal (to restore power) is as soon as possible, we know how impactful this is for everybody, we’re working around the clock,” he said during an interview with Global News, adding that more than 800 employees are currently working to restore power throughout the province.“We know it will be a few days … however, we will see a significant number restored today.

A wave of top executive departures marks the latest worrying chapter in the story of Indigo Books & Music Inc., which analysts say faces a cooling economy — and a bit of an identity crisis — heading into the fall.

Binance.US CEO Brian Shroder has left the crypto exchange as roughly a third of its workforce has also been laid off, a company spokesperson confirmed Wednesday.

Binance.US Chief Executive Officer Brian Shroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, according to a company spokesperson.