(IN BRIEF) Unilever has announced that Hein Schumacher will step down as CEO and Board Director by March 1, 2025, with Fernando Fernandez, currently the CFO, succeeding him as CEO. This leadership transition aligns with the company’s commitment to further … Read the full press release
Posted in Business, Food & Beverage, Industrial, Management, United Kingdom
Tagged Beauty & Wellbeing, Board Director, CEO Appointment, Chief Executive Officer, executive remuneration, Fernando Fernandez, financial outlook, GAP, global leadership, Growth Action Plan, Hein Schumacher, Ice Cream business separation, Latin America, medium-term guidance, performance-driven leadership, productivity programme, Shareholder Value, Srinivas Phatak, Unilever, Unilever leadership change, Unilever strategy
(IN BRIEF) Telia Company has announced the sale of its TV & Media business, which includes TV4 in Sweden and MTV in Finland, to Schibsted Media for SEK 6.55 billion. This decision aligns with Telia’s strategy to focus on its … Read the full press release
Posted in Business, Entertainment, Management, Media, Sweden, Telecom
Tagged advertising-funded channels, connectivity business, customer satisfaction, debt reduction, EBITDA growth, enterprise value, financial outlook, Finland, Free cash flow, Market Abuse Regulation, MTV, MTV Katsomo, multi-year distribution partnership, Nordic media, Patrik Hofbauer, portfolio management, Q3 2025, regulatory approvals, Schibsted, Schibsted history, Schibsted Media, service revenue growth, Siv Juvik Tveitnes, streaming services, Sweden, Telia Company, TV & Media, TV4, TV4 Play
(IN BRIEF) Landis+Gyr Group AG has provided an update on its strategic initiatives and revised financial outlook for fiscal year 2024. The company has decided to exit the EV charging business in the EMEA region due to unfavorable market conditions, … Read the full press release
Posted in Automotive, Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Management, News, Switzerland, Technology
Tagged Adjusted EBITDA, Americas, Americas business, discontinued operations, electric vehicle charging, EMEA, EMEA business, EV charging, financial guidance, financial outlook, FY 2024, FY 2024 results, goodwill impairment, impairment, inventory obsolescence, Landis+Gyr, market conditions, next-generation products, post-Covid demand, regulatory changes, restructuring charges, revenue decline, second-half growth, strategic initiatives
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