Chevron to Merge Hess Exploration Team With Its Own, CEO Says
Chevron is cutting about 650 Hess jobs after completing its $53 billion takeover last month, but exploration is one area likely to be spared.
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Fitzco Names Chris Wallrapp CEO
Executive joins the agency from Hill Holliday in Boston. ATLANTA, Aug. 20, 2025 /PRNewswire/ -- Fitzco, a BCG Worldwide agency, has named Chris Wallrapp as its new Chief Executive Officer, effective Sept. 8. Wallrapp joins from Hill Holliday Group in Boston where he has served as CEO since 2023 following more than a decade of leadership roles, including President and Chief Growth Officer. He will relocate to Atlanta to lead Fitzco's team into its next era of growth and creative success. BCG Worldwide CEO Tara DeVeaux, to whom Wallrapp will report, said what stood out about him was his stellar history of driving meaningful growth and the obvious enthusiasm he has for advertising. "It was clear from our first conversation that Chris loves this business. It's his superpower," DeVeaux said. "There was an extensive search to find the right fit for Fitzco and this ball of energy from Texas stood out. His track record of building meaningful relationships with new and existing clients made it clear he would be a transformational leader as Fitzco enters this next chapter of explosive growth." Over the course of his career, Wallrapp has worked in strategic growth roles at agencies including Modernista, Fallon, Carmichael Lynch, Y&R, and GSD&M. He has been recognized on AdAge's 40 Under 40 (2014) and Campaign US's 40 Over 40 lists (2021). "This is a dream opportunity to lead an agency with Fitzco's talent, creativity, and ambition," Wallrapp said. "The culture here is electric, and with Tara's vision and BCG Worldwide in our corner, we have the kind of advantage that sets us apart in an industry changing faster than ever. It's that combination of people and purpose that makes this moment so exciting for me." During his 14 years at Hill Holliday, Wallrapp led the agency to more than 120 new business wins, including Cadillac, Bank of America, Major League Baseball, Optum Health, and Kay Jewelers. Wallrapp takes the helm at a transformational moment. Founded in 1983 by Dave Fitzgerald, Fitzco was sold to IPG in 1998. In 2020, Fitzgerald came out of retirement to reacquire the agency and serve as CEO, later handing the reins to longtime staffer Evan Levy in 2023. When Burrell Communications Group formed BCG Worldwide and acquired Fitzco in April 2025, Levy retired, and Fitzgerald returned as interim CEO during the search for a permanent leader. The agency was named a Small Agency of the Year by AdAge in 2022. BCG Worldwide was founded by Channing Johnson's View Park Capital and FVLCRUM Partners, d.b.a. FVLCRUM Funds Capital Group, a private equity firm that intentionally invests in lower-middle market companies to generate sustainable opportunity. ABOUT FITZCOFounded in 1983 in Atlanta, Georgia, Fitzco is owned by BCG Worldwide and specializes in marketing and brand strategy, media planning and buying, data and analytics, content ideation, production, and design. Fitzco's ethos is to Make It Matter by delivering both conventional and unconventional business solutions for its clients, which include Madison Reed, Slim Fast Southern Company, Waymo, and Welch's. For more information, visit ABOUT BURRELL COMMUNICATIONS GROUPBurrell Communications Group was founded in 1971 by renowned ad man Tom Burrell, who led the company for 33 years. Today, Burrell Communications Group is the largest U.S. Black-owned agency specializing in understanding and speaking to today's market, one that is more diverse and more multicultural than ever before in our country's history. The agency boasts a roster of premiere, blue-chip clients that lead in their respective categories, including Toyota, Comcast, Deloitte, Coca-Cola, Microsoft, Exact Sciences and the American Red Cross. For more information, visit View original content to download multimedia: SOURCE Fitzco
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Viking's Premium Valuation Backed By Strong Growth, Analyst Notes
Viking Holdings Ltd (NYSE:VIK) shares slipped on Wednesday despite the cruise operator posting a strong second-quarter revenue jump and upbeat analyst commentary. The company reported an 18.5% year-over-year sales increase to $1.88 billion and reaffirmed its ability to sustain mid-single-digit pricing strength across its segments. While Bank of America Securities reiterated a Buy rating with a $70 target, citing Viking's premium positioning and superior returns, investors appeared cautious as shares traded nearly 2% lower in midday noted that Viking's premium positioning should help sustain pricing power, leading to only slight adjustments in 2025-2027 revenue and earnings forecasts. Pricing trends were mixed. River segment pricing improved by 200bps to +6%, likely supported by its dominant market share and mix benefits, while Ocean segment pricing slipped to +4% from +5%, which Didora suggested may reflect rising competition from other cruise operators. Concerns raised last quarter about 2026 pricing stability eased, as Viking maintained its +4% outlook while reinforcing expected mid-single-digit gains. Didora added that Viking is positioned to expand 2025 EBITDA by over 25%, with 2026-2027 estimates growing in the mid-teens, well above the high-single to low-double-digit growth expected for other cruise lines. He also pointed out that Viking's return on invested capital and EBITDA per APCD are nearly twice the industry average. 'We believe VIK's growth and financial metrics justify a premium valuation to peers,' Didora noted. Price Action: VIK shares are trading lower by 1.92% to $58.09 at last check Wednesday. Read Next:Photo by dreakrawi via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Viking's Premium Valuation Backed By Strong Growth, Analyst Notes originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Magnificent 7 Stocks Push US Equity Indexes Lower as Investors Cut Growth Exposure Ahead of Fed Minutes
US equity indexes fell midday Wednesday as the so-called Magnificent 7 tech stocks lagged after inve Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
