Key Takeaways Citigroup will transition CFO duties from Mark Mason to Gonzalo Luchetti in early 2026. Luchetti's tenure in U.S. Personal Banking delivered sustained operating leverage and higher RoTCE. Citigroup will fold Retail Banking into Wealth and elevate U.S. Consumer Cards as a core business.Citigroup, Inc. (C) has announced that it will initiate the process of transitioning the role of its chief financial officer (CFO). The bank’s current CFO, Mark Mason, will step down in early March 2026, making w ...

Core Viewpoint - Apple Inc. CEO Tim Cook is expected to remain in his position until at least mid-2026, contradicting earlier reports of his imminent departure [1][2]. Leadership Transition Speculation - Earlier reports suggested that Cook might leave as soon as next year, raising concerns about Apple's future leadership [1][5]. - Mark Gurman expressed skepticism about these claims, stating he would be "shocked" if Cook stepped down between late January and June next year [2]. Internal Insights - Gurman indicated that there are "few signs internally" suggesting Cook is planning to resign, reinforcing the belief that the earlier reports were unfounded [4]. - John Ternus, Apple's Senior Vice President of Hardware Engineering, is viewed as the most likely successor to Cook when a transition occurs [4][6]. Importance of Leadership Stability - The speculation regarding Cook's departure has implications for Apple's strategic direction and growth, as his leadership has been pivotal for the company's success [5]. - Gurman's insights suggest that if Cook remains, he could continue to drive innovation and growth for Apple in the coming years [5].

HOUSTON, Nov. 19, 2025 (GLOBE NEWSWIRE) -- NOV Inc. announced today that Clay Williams, Chairman and Chief Executive Officer will retire, and Jose Bayardo, NOV’s current President and Chief Operating Officer, will succeed him and serve as Chairman, President and Chief Executive Officer, effective January 1, 2026. This plan reflects the Board’s ongoing commitment to long-term succession planning and leadership continuity. “On behalf of the Board, I want to thank Clay for his leadership and lasting impact on ...

So you have such a unique perspective, of course, on how AI is shaping companies. And there's a great piece in the Wall Street Journal coming out of their leadership institute. I understand that you attended as well, but it seems like the consensus is that AI is fueling change faster than anything we've experienced before.But how exactly companies handle that is not as clear. So I wonder, you know, in the chairs that you occupy, what are those conversations sound like. Well, you can count on the fact that A ...

Core Insights - Apple is actively engaging in succession planning as Tim Cook may step down as CEO as early as next year [1][3] - Under Cook's leadership, Apple's market capitalization has surged from $350 billion to $4 trillion, although the company faces challenges in defining its AI strategy [2] - John Ternus, Apple's senior vice president of hardware engineering, is viewed as the leading candidate to succeed Cook [3]

Core Points - Paul McAndrew has been appointed as the new CEO of Mueller Water Products, effective February 9, 2026, succeeding Martie Edmunds Zakas, who will retire after a 19-year tenure [1][2] - The transition is part of a thoughtful succession planning process by the Board of Directors, highlighting McAndrew's key role in improving the company's operations and financial success [2] - Zakas will continue to support the company as a Senior Advisor until December 31, 2026, ensuring a smooth transition [1][2] Company Overview - Mueller Water Products, Inc. is a leading manufacturer and marketer of products and solutions for the transmission, distribution, and measurement of water in North America [9] - The company's product portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, and software for critical water system data [9] Leadership Background - Paul McAndrew has been with Mueller since 2022, serving as COO and President, and has extensive experience in operations, engineering, and sales [4][5] - Prior to joining Mueller, McAndrew held leadership roles at Emerson and Kautex Textron, demonstrating a strong background in managing operations and supply chains [4][5]

Core Points - TransAlta Corporation announced the retirement of John Kousinioris as President and CEO effective April 30, 2026, with Joel Hunter appointed as his successor [1][3] - Kousinioris has been with TransAlta since 2012, holding various senior roles, and will serve as a strategic advisor for six months post-retirement [2][4] - The Board expressed appreciation for Kousinioris's leadership during significant industry transitions and his role in defining strategic priorities for growth [3][4] Company Overview - TransAlta operates a diverse fleet of electrical power generation assets across Canada, the US, and Australia, focusing on long-term shareholder value [5] - The company is a major producer of wind power and thermal power in Canada, and the largest hydro-electric power producer in Alberta [5] - TransAlta has achieved a 70% reduction in GHG emissions, equating to 22.7 million tonnes CO2e since 2015, and has received an upgraded MSCI ESG rating of AA [5]

Brian Moynihan, CEO of back-of-the-pack Bank of America, is in the hot seat today as he tries to convince shareholders and analysts that the country’s second-largest bank is at last geared for faster growth. BofA, which is hosting its first investor day in nearly 15 years, hasn’t disclosed much about what to expect at the meeting, and it didn’t respond to our request for comment. But we’re likely to hear Moynihan declare that the bank is taking on more risk and that higher returns are on the horizon. SUBS ...

Core Insights - Millennium Management has sold a minority stake of approximately 15% to a group of investors, valued at up to $2 billion, marking the first equity sale by founder Izzy Englander in nearly four decades [1][4] - The transaction values Millennium at around $14 billion, indicating a significant shift in the ownership structure of the hedge fund [1][4] Company Overview - The sale was communicated to employees as a "minority, passive equity interest in Millennium's management company" [2] - The sale process was facilitated by Petershill, a division of Goldman Sachs Group, which assisted in valuing the company and identifying potential buyers [2] Strategic Implications - The management team believes that this transaction reinforces the firm's durability and supports its long-term growth and success [3] - Approximately half of the capital for the transaction was provided by Petershill funds, with the remainder sourced from Millennium's existing clients [3] Investor Composition - The investor group consists of large institutions, high-net-worth individuals, and senior executives from Millennium [4] - This stake sale is part of Millennium's succession planning strategy, aimed at diversifying ownership and ensuring long-term stability for the firm [4] Financial Performance - Millennium has significantly expanded, now managing over $79 billion in assets with more than 330 investment teams [5] - The firm's assets have doubled since mid-2019, supported by capital raising and an annualized return rate of approximately 14% [5]

Some 42% of firms in Germany’s Mittelstand do not have a family member lined up to take the reins, a survey found. With 30 potential contenders, Sweden’s Wallenbergs may find themselves faced with the opposite problem https://t.co/3hJrIBHSde ...