Latest news with #corporatechange
Yahoo
09-07-2025
- Business
- Yahoo
Hershey Names Wendy's CEO Kirk Tanner as New Chief Executive
Hershey (HSY, Financials) appointed Kirk Tanner, the current chief executive of Wendy's (WEN, Financials), as its new CEO, effective Aug. 18, according to a company statement Tuesday. Tanner will replace Michele Buck, who has led the chocolate maker for more than seven years. Wendy's said Tanner will step down on July 18, and its chief financial officer Ken Cook will serve as interim CEO while the company searches for a permanent replacement. The leadership change at both companies was disclosed in separate announcements. This article first appeared on GuruFocus.
Yahoo
08-07-2025
- Business
- Yahoo
Penguin Solutions Completes Redomiciliation to the United States
MILPITAS, Calif., June 30, 2025--(BUSINESS WIRE)--Penguin Solutions, Inc., a Delaware corporation (Nasdaq: PENG) ("Penguin Solutions" or the "Company") today announced the completion of the redomiciliation process to change the parent company of the Penguin Solutions group of companies from a Cayman Islands company to a Delaware corporation. The redomiciliation was accomplished by way of a Cayman Islands Scheme of Arrangement and was approved by an overwhelming majority of Penguin Solutions' shareholders at a Scheme Meeting held on June 16, 2025. The Grand Court of the Cayman Islands sanctioned the Scheme on June 25, 2025, and on the same date, the Scheme of Arrangement became effective in accordance with its terms upon the delivery of the Sanction Order to the Cayman Islands Registrar of Companies. The redomiciliation was completed following the close of trading on June 30, 2025. At completion, all issued ordinary shares and preferred shares of Penguin Solutions, Inc., a Cayman Islands exempted company ("Penguin Solutions Cayman"), were exchanged on a one-for-one basis for newly issued shares of common stock and shares of preferred stock, respectively, of the Company. The former shareholders of Penguin Solutions Cayman are now the stockholders of the Company, which is the parent company of the Penguin Solutions group of companies. The common stock of the Company will begin trading on the Nasdaq Global Select Market on July 1, 2025, with its trading symbol of "PENG" remaining unchanged. The Company does not anticipate any material impact to its employees or its day-to-day business as a result of the completion of the redomiciliation. For more information on the redomiciliation of the Company, please refer to a copy of the Sanction Order issued by the Grand Court of the Cayman Islands which approved the redomiciliation, available under the Governance section of our Investor Relations website. About Penguin Solutions The most exciting technological advancements are also the most challenging for companies to adopt. At Penguin Solutions, we support our customers in achieving their ambitions across our Advanced Computing, Integrated Memory, and Optimized LED business segments. With our expert skills, experience, and partnerships, we turn our customers' most complex challenges into compelling opportunities. For more information, visit View source version on Contacts Investor Contact Suzanne SchmidtInvestor Relations(510) 360-8596ir@ PR Contact Maureen O'LearyPenguin Solutions Corporate Communications(602) 330-6846pr@ 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
Yahoo
30-06-2025
- Business
- Yahoo
Penguin Solutions Completes Redomiciliation to the United States
MILPITAS, Calif., June 30, 2025--(BUSINESS WIRE)--Penguin Solutions, Inc., a Delaware corporation (Nasdaq: PENG) ("Penguin Solutions" or the "Company") today announced the completion of the redomiciliation process to change the parent company of the Penguin Solutions group of companies from a Cayman Islands company to a Delaware corporation. The redomiciliation was accomplished by way of a Cayman Islands Scheme of Arrangement and was approved by an overwhelming majority of Penguin Solutions' shareholders at a Scheme Meeting held on June 16, 2025. The Grand Court of the Cayman Islands sanctioned the Scheme on June 25, 2025, and on the same date, the Scheme of Arrangement became effective in accordance with its terms upon the delivery of the Sanction Order to the Cayman Islands Registrar of Companies. The redomiciliation was completed following the close of trading on June 30, 2025. At completion, all issued ordinary shares and preferred shares of Penguin Solutions, Inc., a Cayman Islands exempted company ("Penguin Solutions Cayman"), were exchanged on a one-for-one basis for newly issued shares of common stock and shares of preferred stock, respectively, of the Company. The former shareholders of Penguin Solutions Cayman are now the stockholders of the Company, which is the parent company of the Penguin Solutions group of companies. The common stock of the Company will begin trading on the Nasdaq Global Select Market on July 1, 2025, with its trading symbol of "PENG" remaining unchanged. The Company does not anticipate any material impact to its employees or its day-to-day business as a result of the completion of the redomiciliation. For more information on the redomiciliation of the Company, please refer to a copy of the Sanction Order issued by the Grand Court of the Cayman Islands which approved the redomiciliation, available under the Governance section of our Investor Relations website. About Penguin Solutions The most exciting technological advancements are also the most challenging for companies to adopt. At Penguin Solutions, we support our customers in achieving their ambitions across our Advanced Computing, Integrated Memory, and Optimized LED business segments. With our expert skills, experience, and partnerships, we turn our customers' most complex challenges into compelling opportunities. For more information, visit View source version on Contacts Investor Contact Suzanne SchmidtInvestor Relations(510) 360-8596ir@ PR Contact Maureen O'LearyPenguin Solutions Corporate Communications(602) 330-6846pr@ Sign in to access your portfolio
Bloomberg
16-06-2025
- Business
- Bloomberg
Julius Baer's New CEO Takes on Old Guard to Revamp Swiss Bank
On his first day as chief executive officer, Stefan Bollinger told staff at Julius Baer Group Ltd. that they shouldn't be afraid to speak up and reach out to him if there was anything that needed changing. He received more than 1,000 emails. The response underscores the mood at a storied firm that has been tarnished by a series of scandals — and which Bollinger, a two-decade veteran of Wall Street titan Goldman Sachs Group Inc., was brought in to fix. Within weeks of taking over in January, he cut back most of his management team and introduced a co-head structure for several management roles, another Goldman-style innovation.
Bloomberg
08-06-2025
- Business
- Bloomberg
Activist Retail Investors Take On Korea's Corporate Laggards
South Korea's small investors are trying to shake up the country's creaky corporate landscape. Amateur stock-pickers across the country are gathering on social media platform KakaoTalk and dedicated shareholder apps such as Act, which has racked up more than 110,000 users in the two years since it launched. Their aim: to give a jolt to Korea's $1.9 trillion stock market, which has for years traded at cheaper multiples than regional rivals like Japan and Taiwan.
