Search results for CEO succession
Telecommunications & Media
Apple appoints Johny Srouji as head of hardware as Tim Cook successor lineup continues
Apple has appointed Johny Srouji as its top hardware executive, replacing John Ternus, in a move that takes effect immediately, The Verge reported. The reshuffle comes as Apple prepares for a leadership transition in September, when Ternus is set to become CEO and Tim Cook is to move to chairman. Cook praised Srouji’s role in Apple’s silicon strategy. Apple did not detail further organisational changes.
Finance
Pressure mounts for governance overhaul as financial holdings brace for AGM season
Major South Korean financial holding companies are on edge ahead of regular annual general meetings this month as financial authorities press for governance overhauls, including improved CEO reappointment procedures and stronger board independence. Reappointment votes for several chairmen, outside director appointments and articles-of-association changes are on agendas. Shareholder-return plans, including using capital reserves for dividends, will also be voted on. A debate over adopting a shareholder-nominated director system has also emerged.
Finance
BNK Financial steps up governance reform talks to reflect regulator TF outcome in articles
BNK Financial Group said on Feb. 27 it began discussions on governance reforms, including introducing a special resolution at shareholder meetings when reappointing a CEO. All 7 outside directors attended a meeting to discuss measures under review by financial authorities and the direction of a governance improvement task force. BNK said it will treat the regulators task force outcome as the top standard and swiftly reflect related changes in its articles of incorporation.
