Latest news with #Molex
Free Malaysia Today
29-07-2025
- Business
- Free Malaysia Today
High Court upholds RM780,000 awarded to sacked exec
The High Court in George Town, Penang, upheld an earlier decision by the Industrial Court. GEORGE TOWN : The High Court here has upheld an Industrial Court's decision awarding nearly RM800,000 in back wages and compensation to a senior employee of a semiconductor firm who was wrongfully dismissed in 2018. The High Court's decision will see Kon Siang Boon, a former global account manager at Molex (Malaysia) Sdn Bhd, retaining the RM789,333.58 awarded to him by the Industrial Court last year. The High Court also ordered the company to pay RM7,500 in costs. Justice Anand Ponnudurai, in his ruling today, said there was no error of law in the Industrial Court's findings, and that the court had rightfully preferred Kon's version of events over the company's, based on the credibility of witnesses. Kon, who had been attached with the company for nearly 30 years, was accused of making fraudulent claims while on a business trip, which Molex claimed breached company policy, and was subsequently sacked in 2018 after a domestic inquiry. The Industrial Court, however, found the dismissal unjustified and procedurally flawed. At the time of his dismissal, he was earning over RM21,000 a month, with bonuses and allowances. According to the facts of the case, from 2016 to November 2017, Kon submitted meal and transport claims under the prevailing company travel policy, which were all approved by his superiors. Molex revised this policy on Nov 1, 2017, to bar meal claims. However, the Industrial Court found that this revised policy had not been clearly communicated to Kon. The court accepted Kon's testimony that he only became aware of the new rules in December 2017 and had stopped making such claims after that. In delivering his ruling, Anand said the Industrial Court's decision was reasonable and backed by detailed analysis.
Techday NZ
16-06-2025
- Business
- Techday NZ
Vertiv names Mike Giresi as global CIO to drive AI strategy
Vertiv has appointed Mike Giresi as its new global Chief Information Officer, with a focus on accelerating artificial intelligence adoption, cybersecurity, product security, and digital-enabled productivity across the organisation. The company stated that Giresi would formally take up the CIO role in late June 2025, spearheading initiatives to support Vertiv's digital strategy and enhance execution, customer experience, and operational leverage. Digital strategy and leadership Giordano (Gio) Albertazzi, Vertiv's Chief Executive Officer, highlighted the centrality of digital and IT expertise to the company's strategic direction, particularly in responding to ongoing evolution within the broader industry. "Strong digital and IT vision and execution are central to our strategy to continue to lead the industry and constantly augment the value we are delivering to our customers. Mike deeply understands the opportunities of a rapidly evolving AI, digital and IT space and has the experience, the executional focus and expertise to reinforce our competitive advantages," Albertazzi said. The appointment is intended to bolster Vertiv's approach to digital transformation, placing renewed emphasis on AI adoption not just within existing services but as a foundational element for future growth areas, including digitised customer experiences and enhanced operational processes. Giresi's experience Giresi joins Vertiv from consumer electronics firm Molex, where he served as Chief Digital Officer. Over a career spanning more than three decades, Giresi has held a succession of senior IT and technology leadership positions, including Chief Digital & Technology Officer at Aramark, Chief Information Officer for Royal Caribbean Cruises, Ltd., CIO of fashion brand Tory Burch, CIO of Direct Brands, and CIO, SVP IT for Godiva Chocolatier. His professional background delivers both breadth and depth in digital transformation and enterprise IT management. Giresi holds an Executive MBA from Saint Joseph's University – Erivan K. Haub School of Business and a BA in English and Information Systems from Seton Hall University. Customer focus and technology strategy "I am excited to join Vertiv, helping the global teams to create accretive value through advancement of company digital strategy initiatives. By continuing to evolve and improve Vertiv customer experience, product development and manufacturing capabilities, we will take the next steps towards enabling accelerated adoption of AI and digitisation for hyperscale, enterprise and edge customers," Giresi said. Under Giresi's remit, Vertiv aims to develop its AI ambitions further while supporting compliance and readiness in cybersecurity and product security across its global business. Scope of the new role In taking up the post, Giresi is expected to lead digital initiatives that will affect all facets of Vertiv's organisation, from internal productivity to the delivery of customer-facing services and platforms. Vertiv flags AI adoption as a strategic area where Giresi's expertise will be particularly leveraged, given his record in digital change management and IT execution. The focus on digital productivity and cybersecurity is also linked to Vertiv's operations in supporting data centres, communication networks, and industrial facilities. The priorities include ensuring robust protections for customer and product data, as well as maintaining continuous optimisation of critical digital infrastructure. Background on Vertiv Vertiv serves markets in more than 130 countries, offering hardware, software, analytics, and services related to digital infrastructure for data centres and communications industries. The business supports both enterprise and edge use cases, aiming to facilitate the reliable operation of high-demand applications in digital environments. Vertiv presents Giresi's appointment as a step towards reinforcing the company's digital leadership at a time when AI uptake and cybersecurity have become critical themes across sectors reliant on resilient and scalable digital operations.
Tahawul Tech
11-06-2025
- Business
- Tahawul Tech
Vertiv appoints Mike Giresi as new Global CIO in bid to reinforce their ambitious AI strategy
Vertiv, a global leader in critical digital infrastructure, has announced that Mike Giresi will join the company on June 30, 2025 as global Chief Information Officer (CIO), leading company initiatives in AI adoption across the business, cybersecurity, product security, and digital enabled productivity and customer experience. 'Strong digital and IT vision and execution are central to our strategy to continue to lead the industry and constantly augment the value we are delivering to our customers,' said Giordano (Gio) Albertazzi, Vertiv CEO. 'Mike deeply understands the opportunities of a rapidly evolving AI, digital and IT space and has the experience, the executional focus and expertise to reinforce our competitive advantages.' Giresi said, 'I am excited to join Vertiv, helping the global teams to create accretive value through advancement of company digital strategy initiatives. By continuing to evolve and improve Vertiv customer experience, product development and manufacturing capabilities, we will take the next steps towards enabling accelerated adoption of AI and digitization for hyperscale, enterprise and edge customers.' Most recently chief digital officer with consumer electronics company Molex, Giresi has more than 30 years of IT experience, with more than 20 in chief leadership roles. He has previously served as chief digital & technology officer at Aramark, CIO of Royal Caribbean Cruises, Ltd., CIO of Tory Burch, CIO of Direct Brands (Columbia House & Doubleday), and CIO, SVP IT for Godiva Chocolatier. Giresi earned an EMBA from Saint Joseph's University – Erivan K. Haub School of Business, and a BA from Seton Hall University in English and Information Systems.
Mid East Info
11-06-2025
- Business
- Mid East Info
Vertiv names Mike Giresi as Global CIO - Middle East Business News and Information
Giresi to further reinforce Vertiv's digital and AI strategy, in support of executional strength, superior customer experience and operational leverage Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced that Mike Giresi will join the company on June 30, 2025 as global Chief Information Officer (CIO), leading company initiatives in AI adoption across the business, cybersecurity, product security, and digital enabled productivity and customer experience. 'Strong digital and IT vision and execution are central to our strategy to continue to lead the industry and constantly augment the value we are delivering to our customers,' said Giordano (Gio) Albertazzi, Vertiv CEO. 'Mike deeply understands the opportunities of a rapidly evolving AI, digital and IT space and has the experience, the executional focus and expertise to reinforce our competitive advantages.' Giresi said, 'I am excited to join Vertiv, helping the global teams to create accretive value through advancement of company digital strategy initiatives. By continuing to evolve and improve Vertiv customer experience, product development and manufacturing capabilities, we will take the next steps towards enabling accelerated adoption of AI and digitization for hyperscale, enterprise and edge customers.' Most recently chief digital officer with consumer electronics company Molex, Giresi has more than 30 years of IT experience, with more than 20 in chief leadership roles. He has previously served as chief digital & technology officer at Aramark, CIO of Royal Caribbean Cruises, Ltd., CIO of Tory Burch, CIO of Direct Brands (Columbia House & Doubleday), and CIO, SVP IT for Godiva Chocolatier. Giresi earned an EMBA from Saint Joseph's University – Erivan K. Haub School of Business, and a BA from Seton Hall University in English and Information Systems.
Al Bawaba
11-06-2025
- Business
- Al Bawaba
Vertiv names Mike Giresi as Global CIO
Vertiv (NYSE: VRT), a global leader in critical digital infrastructure, today announced that Mike Giresi will join the company on June 30, 2025 as global Chief Information Officer (CIO), leading company initiatives in AI adoption across the business, cybersecurity, product security, and digital enabled productivity and customer experience.'Strong digital and IT vision and execution are central to our strategy to continue to lead the industry and constantly augment the value we are delivering to our customers,' said Giordano (Gio) Albertazzi, Vertiv CEO. 'Mike deeply understands the opportunities of a rapidly evolving AI, digital and IT space and has the experience, the executional focus and expertise to reinforce our competitive advantages.'Giresi said, 'I am excited to join Vertiv, helping the global teams to create accretive value through advancement of company digital strategy initiatives. By continuing to evolve and improve Vertiv customer experience, product development and manufacturing capabilities, we will take the next steps towards enabling accelerated adoption of AI and digitization for hyperscale, enterprise and edge customers.'Most recently chief digital officer with consumer electronics company Molex, Giresi has more than 30 years of IT experience, with more than 20 in chief leadership roles. He has previously served as chief digital & technology officer at Aramark, CIO of Royal Caribbean Cruises, Ltd., CIO of Tory Burch, CIO of Direct Brands (Columbia House & Doubleday), and CIO, SVP IT for Godiva Chocolatier. Giresi earned an EMBA from Saint Joseph's University – Erivan K. Haub School of Business, and a BA from Seton Hall University in English and Information Systems.
