Latest news with #transition
Entrepreneur
a day ago
- Business
- Entrepreneur
TVS Motor Appoints Sudarshan Venu as Chairman and Managing Director
The announcement follows the decision by the current Chairman, Sir Ralf Speth, not to seek re-appointment at the upcoming Annual General Meeting (AGM) scheduled for August 22, 2025. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a major leadership transition, TVS Motor Company announced today that its Board of Directors has unanimously named Sudarshan Venu as the new Chairman and Managing Director of the company, effective August 25, 2025. The decision reflects the Board's recognition of Venu's pivotal role in steering the company's growth and strategic evolution during his tenure as Director. The announcement follows the decision by the current Chairman, Sir Ralf Speth, not to seek re-appointment at the upcoming Annual General Meeting (AGM) scheduled for August 22, 2025. Sir Ralf will step down as Chairman at the conclusion of the AGM. To ensure a smooth transition and ongoing strategic guidance, Sir Ralf will take on the role of Chief Mentor of the Company for a three-year term beginning August 23, 2025. Venu Srinivasan, Chairman Emeritus of TVS Motor Company, said, "I express my sincere gratitude to Ralf for his exceptional leadership over the last three years. His guidance has been instrumental in our global expansion and innovation efforts. We are grateful for his continued support as Chief Mentor and welcome Sudarshan into his new role with full confidence." Sir Ralf Speth added, "It has been an honour to steer TVS Motor as Chairman. I'm grateful for the partnerships and friendships formed. As I hand over to Sudarshan, I am confident that under his dynamic leadership, the Company will continue to thrive while upholding its core values." Accepting the new role, Sudarshan Venu said, "I am honoured by the Board's trust. TVS is built on a foundation of customer-centricity, quality, and innovation. As we look ahead, we must embrace transformation, explore global opportunities, and reimagine the future. I am grateful to Sir Ralf for his mentorship and look forward to building on the company's legacy with the passionate TVS team." The leadership change signals a strong future-focused direction for the company as it seeks to accelerate innovation and global growth.
National Post
a day ago
- Business
- National Post
Flow Beverage Corp. Announces Leadership Change
Article content TORONTO — Flow Beverage Corp. (TSX:FLOW; OTCPK:FLWBF) (' Flow ' or the ' Company ') announced today that Trent MacDonald has stepped down from his position as Chief Financial Officer and Executive Vice-President of Operations. Article content The Board of Directors of the Company has initiated a process to select a new Chief Financial Officer and is in advanced discussions with a preferred candidate for this position. In the interim, the Company's Director of Finance will perform similar functions to those of the Chief Financial Officer. Mr. MacDonald will assist with this transition before he moves on to focus on other interests. Article content Article content 'On behalf of Flow and its Board of Directors, I recognize and thank Trent for his contributions to the Company. His significant accomplishments demonstrate his leadership, expertise, team building skills and dedication. We are grateful for his work and achievements, and we wish Trent all the best in his future endeavors,' said Nicholas Reichenbach, Chairman and Chief Executive Officer of Flow. Article content 'On behalf of all members of the Audit Committee, I want to extend our thanks to Trent for all of his contribution, hard work and dedication since he joined Flow,' said Stephen A. Smith, Chair of the Audit Committee of the Company's Board of Directors. Article content 'I would like to thank Nicholas Reichenbach and each member of the Company's Board of Directors that has supported me in the fulfilment of my duties as Chief Financial Officer and Executive Vice-President/Operations. I could not be prouder of all that has been accomplished,' said Mr. MacDonald. Article content About Flow Article content Flow is one of the fastest-growing premium water companies in North America. Founded in 2014, Flow's mission since day one has been to reduce environmental impacts by providing sustainably sourced natural mineral spring water in the most sustainable product formats. Today, the brand is B-Corp Certified with a best-in-class score of 114.5, offering a diversified line of health and wellness-oriented beverage products: original mineral spring water, award-winning organic flavours and sparkling mineral spring water in sizes ranging from 300-ml to 1-litre. All products contain naturally occurring electrolytes and essential minerals and support Flow's overarching purpose to 'bring wellness to the world through the positive power of water.' Flow beverage products are available at retailers in Canada and the United States, and online at Article content This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws (' Forward-Looking Statements '). The Forward-Looking Statements contained in this press release relate to future events or Flow's future plans, operations, strategy, performance or financial position and are based on Flow's current expectations, estimates, projections, beliefs and assumptions, including, among other things, in respect of the Company's expectations and ability to hire and appoint a person in the office of Chief Financial Officer. In particular, there is no assurance that the Company will be able to fill the position of Chief Financial Officer in the short term. Such Forward-Looking Statements have been made by Flow in light of the information available to it at the time the statements were made and reflect its experience and perception of historical trends. All statements and information other than historical fact may be forward‐looking statements. Such Forward‐Looking Statements are often, but not always, identified by the use of words such as 'may', 'would', 'should', 'could', 'expect', 'intend', 'estimate', 'anticipate', 'plan', 'foresee', 'believe', 'continue', 'expect', 'believe', 'anticipate', 'estimate', 'will', 'potential', 'proposed' and other similar words and expressions. Article content Forward-Looking Statements are based on certain expectations and assumptions and are subject to known and unknown risks and uncertainties and other factors, many of which are beyond Flow's control, that could cause actual events, results, performance and achievements to differ materially from those anticipated in these Forward-Looking Statements. Forward-Looking Statements are provided for the purpose of assisting the reader in understanding Flow and its business, operations, prospects, and risks at a point in time in the context of historical and possible future developments, and the reader is therefore cautioned that such information may not be appropriate for other purposes. Forward-Looking Statements should not be read as guarantees of future performance or results. Readers are cautioned not to place undue reliance on these Forward-Looking Statements, which speak only as of the date of this press release. Unless otherwise noted or the context otherwise indicates, the Forward-Looking Statements contained herein are provided as of the date hereof, and the Company disclaims any intention or obligation, except to the extent required by law, to update or revise any Forward-Looking Statements as a result of new information or future events, or for any other reason. Article content The following press release should be read in conjunction with the management's discussion and analysis and unaudited condensed consolidated interim financial statements and notes thereto as at and for the three months ended January 31, 2025. Additional information about Flow is available on the Company's profile on SEDAR+ at including the Company's Annual Information Form for the year ended October 31, 2024 dated January 29, 2025. Article content Article content Article content Article content Article content Contacts
Bloomberg
2 days ago
- Business
- Bloomberg
Europe's T+1 Shift Projected to Be Costlier Than US Transition
Europe's transition to a faster settlement regime will likely be more expensive than in the US, as the region's complex market infrastructure requires larger teams to steer the process. The shift to what's known as T+1 is estimated to cost $36 million for large European custodians, according to a report by Firebrand Research. That compares to a $13 million average cost similar firms incurred around the North American transition, it said.
ABC News
4 days ago
- Business
- ABC News
Could half of entry level white collar jobs be wiped out in the next five years?
Business council of Australia chief executive Bran Black says the AI transition is changing roles, rather than replacing them.
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Farouq Tuweiq Assumes CEO Role
WEST ORANGE, N.J., May 27, 2025 (GLOBE NEWSWIRE) -- A New Chapter for Bel Fuse Inc. Today marks an exciting milestone in Bel Fuse's journey. After more than two decades leading the company as President and Chief Executive Officer — and over 45 years of service — Dan Bernstein will be stepping into a new role as Chairman of the Board following today's Annual Meeting of Shareholders. Dan's tenure as CEO began in 2001, and during that time, he led Bel through a period of significant transformation. Under his guidance, Bel grew from under $100 million in revenue to more than $600 million, expanded the global footprint, and completed 19 strategic acquisitions. His impact goes beyond numbers; his vision, drive, and belief in people have built a company that has a passion for progress, openness to new ideas, and a drive to get things done. With this transition Farouq Tuweiq steps into the role of CEO. Over the past four years, within his role as CFO, Farouq has been a strategic partner to Dan in bringing a fresh perspective and data-driven leadership style to Bel. He played a key role in strengthening Bel's financial foundation, refining strategic focus, and positioning the business for long-term success. With much of the groundwork and 'self help' portion of our journey complete, Bel enters its next chapter of growth. Farouq's track record to-date coupled with his background in investment banking, finance and strategic leadership will bode well for Bel in executing on our growth strategy and other future goals. 'I could not be more excited for the future of Bel under the leadership of Farouq and his Executive Team. Farouq has been a proven leader within Bel, inspiring motivation for continuous improvement across the organization and I have full confidence in the abilities of the new Team as they lead Bel into the next chapter,' said Dan Bernstein. About Bel Bel ( designs, manufactures and markets a broad array of products that power, protect and connect electronic circuits. These products are primarily used in the defense, commercial aerospace, networking, telecommunications, computing, general industrial, high-speed data transmission, transportation and eMobility industries. Bel's portfolio of products also finds application in the automotive, medical, broadcasting and consumer electronics markets. Bel's product groups include Power Solutions and Protection (front-end, board-mount, industrial and transportation power products, module products and circuit protection), Connectivity Solutions (expanded beam fiber optic, copper-based, RF and RJ connectors and cable assemblies), and Magnetic Solutions (integrated connector modules, power transformers, power inductors and discrete components). The Company operates facilities around the world.
