Kai's Education hires US growth officer after $2.3m capital raise
Auckland startup Kai's Education has hired ex-New Zealand Trade and Enterprise manager Michael Fuller as chief growth officer to drive its US expansion after raising $2.34 million in its first seed round.
Fuller will oversee global sales, partnerships and market expansion strategies to scale
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Antonio Filosa from Jeep is the new Stellantis CEO
Stellantis has announced ex-Jeep CEO Antonio Filosa is its new CEO, replacing Carlos Tavares. Filosa will report to Stellantis chairman John Elkann. A new leadership team will be named shortly for the 14 brands under the Stellantis umbrella. Tavares was ousted from the CEO position following falling sales in the US. The company says Filosa was selected as Tavares's replacement based on his proven track record, and leadership skills. His global management experience was also taken into consideration. Filosa is Italian and joined Fiat in 1999. He eventually became COO of FCA Latin America. In 2021, he became COO for Stellantis South America and then global CEO of Jeep in late 2023. He oversaw the launch of the Jeep Avenger crossover. This EV has driven substantial growth for Jeep in Europe. Filosa also oversaw development of Recon and Wagoneer S. More recently, he launched the new-generation Jeep Compass which should boost Jeep sales globally. Moreover, he briefly held the post of COO for the Americas. There he drove a significant reduction in dealer stock, among other things. Of his new position, Filosa said: 'It is my great honour to be named the CEO of this fantastic company. I am grateful…for the confidence they have placed in me to lead our business during this pivotal time for our industry. 'I have always been inspired by the immense talent, passion and commitment of our people at Stellantis and the power of trusting our teams to achieve excellence. 'We have the world's best and most iconic brands in automotive history and an over 100-year heritage of innovation. 'That legacy, combined with our relentless dedication to giving our customers the products and services they love, will continue to be key to our success.' Elkann said: 'Antonio's deep understanding of our company…and of our industry equip him perfectly for the role of chief executive officer…' 'I have worked closely with Antonio over the past six months… and his strong and effective leadership…have confirmed the excellent qualities he brings to the role. 'Together with the entire board, I look forward to working with him.'
Scoop
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Budget 2025: Sole Trader Feels ‘Ripped Off' By Government's KiwiSaver Cuts
Article – RNZ The budget move to halve the government's KiwiSaver contributions has been described as a blow to sole traders. Anan Zaki, Business reporter The budget move to halve the government's KiwiSaver contributions has been described as a blow to sole traders. The government contribution would be cut from $521 to just over $260 – provided there was a minimum of $1042 saved over a year, and those earning more than $180,000 would now miss out altogether. The government said this is to make sure the scheme's costs to the taxpayer 'remain sustainable'. Wellington-based personal trainer Carl Rein believed it would affect him long-term. 'I'm in my 30s, so I've got at least 30-plus years to go before I'm even going to be able to access it,' Rein said. 'So all of that accumulated interest that I would benefit from later on, and it would give me greater security later on in life, is now not going to be there.' Rein said the move made it 'disheartening' to be involved in KiwiSaver, and he felt 'ripped off'. He was also concerned it opened the door for government contributions to become zero. Rein's comments came alongside criticism of the policy from sole trader tax platform Hnry. Hnry chief executive James Fuller said the government's decision posed risks to the country's 400,000 sole traders. 'The danger is that sole traders switch off from KiwiSaver entirely and then potentially look at more risky ways to try and prop up the income they would have got from their retirement savings that the government was contributing to,' Fuller said. 'So, it leaves a lot of questions for sole traders as to where they put their money now that they know that the government isn't backing them to contribute to KiwiSaver,' he said. Fuller said KiwiSaver was the wrong place to be looking for savings.
Scoop
25-05-2025
- Scoop
Budget 2025: Sole Trader Feels 'Ripped Off' By Government's KiwiSaver Cuts
The budget move to halve the government's KiwiSaver contributions has been described as a blow to sole traders. The government contribution would be cut from $521 to just over $260 - provided there was a minimum of $1042 saved over a year, and those earning more than $180,000 would now miss out altogether. The government said this is to make sure the scheme's costs to the taxpayer "remain sustainable". Wellington-based personal trainer Carl Rein believed it would affect him long-term. "I'm in my 30s, so I've got at least 30-plus years to go before I'm even going to be able to access it," Rein said. "So all of that accumulated interest that I would benefit from later on, and it would give me greater security later on in life, is now not going to be there." Rein said the move made it "disheartening" to be involved in KiwiSaver, and he felt "ripped off". He was also concerned it opened the door for government contributions to become zero. Rein's comments came alongside criticism of the policy from sole trader tax platform Hnry. Hnry chief executive James Fuller said the government's decision posed risks to the country's 400,000 sole traders. "The danger is that sole traders switch off from KiwiSaver entirely and then potentially look at more risky ways to try and prop up the income they would have got from their retirement savings that the government was contributing to," Fuller said. "So, it leaves a lot of questions for sole traders as to where they put their money now that they know that the government isn't backing them to contribute to KiwiSaver," he said. Fuller said KiwiSaver was the wrong place to be looking for savings.
