Neimeth announces management change as Chris Mmeje becomes acting CEO

The board of directors of Neimeth International Pharmaceuticals Plc. has announced the appointment of Chris Mmeje as acting managing director and chief executive. This followed the resignation of Ebere Igboko Ekpunobi who has been chief executive since March 2016 but had to resign on poor health after suffering injuries from a sporting accident. In a […]

Spanish data watchdog fines Facebook ‎€1.2mn for breaking data protection law

Facebook has been fined 1.2 million euros ($1.4 million) for allegedly collecting personal information from users in Spain that could then be used for advertising, the national data protection watchdog said on Monday. The fine stemmed from an investigation into the social network company conducted alongside similar probes in Belgium, France, Germany and the Netherlands, […]

Drugmaker Eli Lilly cuts 3,500 jobs to save $500 million from 2018

Eli Lilly & Co. plans to cut 8.5 percent of its workforce and close some facilities as the drugmaker deals with pressure on the price of some of its biggest products. According to Bloomberg report, some of the 3,500 job cuts will come from early retirements. Lilly also plans to close a research facility in […]

Uber officially welcomes Expedia’s Dara Khosrowshahi as CEO

Dara Khosrowshahi

Uber Technologies Inc officially welcomed its new Chief Executive Dara Khosrowshahi, who has led online travel business Expedia Inc for 12 years, in a note sent to employees of the world’s biggest ride-services company late Tuesday. The board had already selected Khosrowshahi as Uber’s next CEO in a vote Sunday, two sources told Reuters. But […]

Major shake-up in NNPC as Roland Ewubare becomes head NAPIMS

Roland Ewubare new head NAPIMS

The ongoing restructuring of the Nigerian National Petroleum Corporation (NNPC) received fresh impetus on Tuesday with the appointments and deployments of top executives across the value chain of its operations. Maikanti Baru, group managing director of the corporation, said the new appointments would not only help to position NNPC for the challenges ahead but would […]

Khosrowshahi becomes Uber’s new CEO

Dara Khosrowshahi

Expedia boss Dara Khosrowshahi has been chosen to replace Travis Kalanick as Uber Chief Executive Officer (CEO), ending months of speculation in the firm’s search for a new leader. The decision was made by Uber’s board late on Sunday, a source told the BBC, but the company has made no official announcement. Kalanick resigned in […]

Chevron CEO Watson to step down, Wirth likely successor, source reveals

John Watson, Chevron Corp Chief Executive

John Watson, Chevron Corp Chief Executive will step down by the end of next month, September and Mike Wirth, Vice Chairman, likely to replace him, Reuters reports. on Tuesday. A source familiar with the matter told Reuters Tuesday, as it is expected that in Wirth, Chevron would pivot to a leader with experience in refining, […]

Wal-Mart shuffles U.S. leadership teams in food, merchandising

Wal-Mart Stores Inc has announced changes to its food leadership team in an internal memo, as it prepares for increased competition with grocery rivals and remains caught in a price war. Charles Redfield, executive vice-president for food at Wal-Mart U.S., unveiled the changes in the memo dated Friday and seen by Reuters. He said Wal-Mart […]