Hydro One Limited appoints Megan Telford as President and CEO following David Lebeter's retirement on June 9, 2026 [Accessibility Statement] Skip NavigationAppointment ensures continuity as the company continues to power Ontario's growthTORONTO, Feb. 26, 2026 /PRNewswire/ - Today, Hydro One Limited (Hydro One) announced that David Lebeter will retire from his role as President and CEO, effective June 9, 2026, and will remain as a special advisor with the company until October 10, 2026. The Board also announ ...

Appointing board directors as CEOs was once a “break glass in case of emergency” strategy reserved for scandal, illness, or sudden resignation. While it remains a minority path compared with traditional internal promotions, it is no longer an anomaly. New data from Spencer Stuart highlights the shift. Of the 168 new S&P 1500 chief executives appointed in 2025, the highest annual total since 2010, 19 were drawn from their own company boards, the most since 2020. Spencer Stuart classifies directors as outsi ...

Bernard Arnault appointed his son Antoine to LVMH’s executive committee, another strong sign that he intends for his children to play an important role in the future of the luxury goods conglomerate https://t.co/o6WjiTxzql ...

Core Viewpoint - Torex Gold Resources Inc. announces the retirement of Jody Kuzenko as President and CEO, effective after the Annual and Special Shareholder Meeting on June 17, 2026, with Andrew Snowden set to succeed her [1][2]. Leadership Transition - Jody Kuzenko has served as CEO since 2020 and COO since 2018, expressing confidence in Andrew Snowden's ability to lead the company into its next growth phase [1][2]. - Andrew Snowden, currently CFO since 2021, will be elected to the Board of Directors at the upcoming meeting and has a strong background in mining with 25 years of international experience [3][4]. Company Performance and Strategy - Under Kuzenko's leadership, Torex has stabilized production, delivered the Media Luna project, and established a strong balance sheet with significant free cash flow projected [2][5]. - The company aims to optimize production and costs at the Morelos Complex, pursue disciplined growth, and maintain a focus on responsible mining practices [5]. Future Outlook - Torex is positioned for future growth with a pipeline of exploration assets in Guerrero, Sinaloa, Chihuahua, and Nevada, indicating a commitment to expanding its resource base [2][4]. - The company emphasizes the importance of retaining top industry talent and delivering project excellence as part of its strategic objectives [5].

What a way to kick things off with this announcement that you're handing out, least for the asset management business, the reins over to Connor Teskey, I have to say, and a lot of your industry, not only are there issues with succession planning, rarely do they lay out such a clear path. Why do this and why now. So our business is about running great businesses.What we do is we buy into companies, we help management teams, we build them, and therefore we we're very determined ourselves about making sure we ...

LUDLOW. ED: WELCOME TO OUR BLOOMBERG TELEVISION AND RADIO AUDIENCES AROUND THE WORLD. AFTER A THREE-YEAR SEARCH, DISNEY'S BOARD AND ITS CHAIRMAN JAMES GORMAN HAVE NAMED A SUCCESSOR JOSH D'AMARO, PROMOTED FROM PARKS CHIEF TO SUCCEED BOB IGER IN MARCH OF THIS YEAR.MR. GORMAN JOINS US NOW. GOOD MORNING, MR.GORMAN. THANK YOU FOR YOUR TIME. LET'S START WITH A SIMPLE QUESTION.WHY JAMES D'AMARO. JAMES: IT IS JOSH D'AMARO. GOOD MORNING, ED.HE IS A FANTASTIC EXECUTIVE. HE IS STRATEGIC. HE HAS RUN A HUGE OPERATION, O ...

In a typical ESOP transaction, employees don't put up their own money. Instead, the company borrows funds and uses future earnings to buy shares of the company from the owner. The company usually takes out a bank loan and passes the money to an ESOP trust to pay the seller/owner at closing. Because the bank loan often covers only part of the price, the seller typically finances the rest through a note that the company repays over time. As the company makes tax-deductible payments to the ESOP, shares are gra ...

Louis Vuitton owner LVMH shareholders are pressing for clearer succession planning at the luxury conglomerate, as questions over Bernard Arnault’s future unsettle some investors. According to Reuters, the 76-year-old CEO and chairman has yet to designate an heir. Arnault has run the group for nearly four decades and oversees more than 70 brands, including Dior and Tiffany. Last April, investors supported a proposal to lift the age cap on his dual role to 85, though the decision attracted notable resist ...

Core Insights - The Jeff Wyler Automotive Family has acquired Midwestern Auto Group for a total acquisition value of $500 million, marking it as one of the largest franchise automotive transactions by a privately held company and the largest overall auto retail transaction in 2026 [1][4] Group 1: Acquisition Details - The acquisition includes 14 premium and luxury brands such as Ferrari and Lamborghini, significantly expanding Wyler's portfolio to a total of 64 franchises [1][5] - This transaction is noted as the second-largest luxury automotive retail transaction in the U.S. since early 2025 and ranks among the top three largest Midwest dealership transactions by total enterprise value [4] Group 2: Advisory Role - Dave Cantin Group served as the exclusive sell-side advisor to Midwestern owner Mark Brentlinger, facilitating a succession plan that took nearly two years to execute [2] - The advisory process involved collaboration with legal and wealth management teams to ensure the protection of Brentlinger's legacy [2] Group 3: Industry Context - Transactions like the acquisition of Midwestern Auto Group are exceptionally rare in the automotive industry, particularly for a single-site campus offering multiple premium and luxury franchises [2] - The deal is characterized as a "unicorn" luxury campus deal, highlighting its significance in private-to-private acquisitions within the U.S. retail automotive sector [5]

Core Insights - Index Ventures has successfully navigated recent challenges in the venture capital landscape, emerging as a key player in Europe with consistent results despite industry turbulence [1] - The firm's prescient investment strategy has led to extraordinary returns, exemplified by its early $2 million investment in Figma Inc., which grew to a $2.2 billion valuation post-IPO [2] - Index Ventures is positioned to benefit from significant returns from its investment in Wiz, a cybersecurity firm acquired by Google, further solidifying its performance in a challenging market [3] Investment Strategy - Index's success is attributed to its ability to identify high-potential startups and capitalize on the resurgence of tech IPOs, distinguishing it from peers facing underwhelming returns [3][4] - The firm is focusing on emerging trends in technology, particularly in artificial intelligence, cybersecurity, and collaborative software, to maintain its competitive edge [6] Leadership and Succession - Longtime partner Danny Rimer is contemplating retirement, which signals a strategic shift towards empowering the next generation of leaders within Index Ventures [4][5] - This transition is proactive, aimed at preserving the firm's culture of disciplined, long-term investing beyond its veteran figures [5][8] Challenges and Adaptation - Index Ventures faces challenges from increased competition with mega-funds and regulatory scrutiny in Europe and the US [7] - To address these challenges, the firm is fostering internal mentorship programs and promoting diverse perspectives among its partners [7]