#leadershipchanges

[enterprisewired]

Uno Minda Announces Leadership Changes, ESOP Plan, and Solar Energy Investment

Source: mobilityoutlook.com

Leadership Restructuring and Board Appointments

Uno Minda Limited has announced several key leadership changes and board appointments as part of its strategic governance and expansion initiatives. The company has approved the re-designation of Nirmal K Minda as Executive Chairman (Executive Director) for a tenure from April 1, 2025, to March 31, 2027, subject to shareholder approval. Additionally, Ravi Mehra has been appointed as Managing Director for the same period, pending shareholder approval.

To further strengthen the leadership team, the Board has appointed Shekar Viswanathan and Abhay Damle as Additional Directors (Non-Executive Independent Directors) for a two-year term beginning April 1, 2025. Meanwhile, Paridhi Minda and Pallak Minda have been designated as Additional Directors (Non-Executive Directors), also effective from April 1, 2025. These appointments are contingent on shareholder approval, which will be sought via postal ballot.

Employee Stock Option Plan (ESOP) 2025

In an effort to enhance employee motivation and retention, Uno Minda’s Board has given the green light to the Uno Minda Employee Stock Option Scheme (ESOP) 2025. This initiative aims to offer stock options to eligible employees of Uno Minda and its associated companies, reinforcing the company’s commitment to workforce development and long-term engagement. The ESOP 2025 plan is pending shareholder approval and is expected to be a significant step in aligning employee interests with the company’s growth trajectory.

Additionally, the company has re-designated Nitesh Minda as Chief Marketing Officer, placing him among the Senior Management Personnel. This appointment will take effect on April 1, 2025, further solidifying Uno Minda’s focus on marketing and strategic business development.

Investment in Renewable Energy and Policy Revisions

Uno Minda Limited is also expanding its sustainability efforts by investing in renewable energy. The company has approved a ₹6.25 crore investment in Amplus Ampere Private Limited, a Special Purpose Vehicle (SPV) dedicated to solar energy procurement. Through this investment, Uno Minda will acquire a 9.75% stake in the SPV, enabling captive open access to solar power. This move aligns with the company’s commitment to sustainability and renewable energy integration in its operational framework.

Furthermore, the Board has approved a revision in the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. This updated policy will come into effect on March 30, 2025, reinforcing Uno Minda’s Limited commitment to transparency and compliance in financial disclosures.

With these strategic moves, Uno Minda Limited aims to enhance corporate governance, employee engagement, and sustainability efforts, further solidifying its position as a leading player in the automotive components industry.

[usnewsper-business]

Swiss Bank Julius Baer Takes Bold Steps for Future Success Amid Challenges #branchnetworkoptimization #CHF400millionloss #costcuttingmeasure #Europeanbanks #freshperspective #insolvency #ITinfrastructurestreamlining #jobcuts #JuliusBaer #leadershipchanges #longtermsuccess. #marketenvironmentchallenges #pandemicstruggles #PhilippRickenbacher #proactivestep #Signaexposure #Swissprivatebankinggroup

[imtsnews]

Airtel Business CEO Ajay Chitkara quits, Bharti recasts leadership team

[journeywitin]

Prime Minister James Marape Must Resign Now !

Papua New Guinea is once again at a political crossroads, with Deputy Opposition Leader and Member for Chuave, James Nomane, demanding the resignation of Prime Minister James Marape. On March 3, 2025, Nomane reiterated his call for Marape, along with the Police Minister and Police Commissioner, to step down, blaming them for the deteriorating law and order situation across the country, particularly in the Highlands region. Full Story Below !!

Papua New Guinea is once again at a political crossroads, with Deputy Opposition Leader and Member for Chuave, James Nomane, demanding the resignation of Prime Minister James Marape. On March 3, 2025, Nomane reiterated his call for Marape, along with the Police Minister and Police Commissioner, to step down, blaming them for the deteriorating law and order situation across the country,…

[global-newz]

Stellantis CEO Carlos Tavares Abruptly Resigns Amid Boardroom Tensions

Carlos Tavares, the CEO of Stellantis, has unexpectedly stepped down from his role, leaving the carmaker's boardroom in turmoil. Stellantis, which oversees a portfolio of well-known brands like Chrysler, Vauxhall, Jeep, Fiat, and Peugeot, announced Tavares' departure with immediate effect. His resignation follows a series of setbacks for the company, including a profit warning issued two months ago and a recent announcement to shut down the Vauxhall van factory in Luton, putting approximately 1,100 jobs at risk.

In a statement regarding the leadership change, Henri de Castries, Stellantis' senior independent director, explained that "in recent weeks, different views had emerged, leading to a mutual decision between the board and the chief executive." The abrupt nature of Tavares’ departure has raised questions about the internal dynamics at the company, especially after the CEO’s long-standing influence in shaping Stellantis' global strategy.

Tavares' Legacy: A Reputation for Cost-Cutting

Before his resignation, Tavares had built a reputation as one of the most powerful and controversial figures in the automotive industry. Known for his aggressive cost-cutting approach, he earned praise for successfully turning around struggling companies during his tenure at PSA Group, which later merged with Fiat Chrysler to form Stellantis in 2021. However, Tavares was often criticized for focusing too much on slashing expenses at the expense of product innovation and quality.

Hans Greimel, the Asia editor for Automotive News, noted that Tavares was widely regarded for his ability to restructure troubled companies, but his critics argued that his relentless cost-cutting had negative effects. "Critics would say he was just cost-cutting too much, delaying product launches, and potentially hurting the quality of vehicles," Greimel explained.

Tavares’ tenure at Stellantis was marked by frequent public comments on the company’s operations in the UK, particularly its Vauxhall division. He often linked Vauxhall's future in the UK to broader political and economic issues such as Brexit and the UK government's electric vehicle policies. His comments created uncertainty about the long-term stability of the brand in the region, further adding to the pressure surrounding his leadership.

A Tumultuous Year for Stellantis

Tavares’ exit comes at a time when Stellantis is facing significant financial challenges. The company’s share price has plunged by 40% since the beginning of the year, signaling investor concerns about its financial health and future direction. In addition, the company has been grappling with declining sales and profitability, further undermining Tavares’ position as CEO.

This downward trend led Stellantis to initiate a search for a new CEO back in September, even though Tavares had been expected to remain in his role until at least 2026. The company has now confirmed that it will appoint a new CEO by mid-2025 and will establish an interim executive committee to oversee operations in the meantime. John Elkann, Stellantis' chairperson, will lead this temporary management structure.

Uncertainty Ahead for Stellantis

While it remains unclear what impact Tavares’ resignation will have on Stellantis’ ongoing restructuring efforts, including the planned closure of the Luton plant, the departure signals a pivotal moment for the company. With the automotive industry undergoing a major transformation towards electric vehicles and increased regulatory pressures, Stellantis will need to navigate a complex and competitive landscape without the leadership of one of its most prominent figures.

The search for a new CEO and the interim leadership arrangements will be crucial in determining Stellantis' future course. As the company prepares for a leadership transition, the automotive world will be watching closely to see how Stellantis adapts to the challenges ahead.

[news-of-news]

Saudi Arabia Appoints New Interim CEO for NEOM Amid Growing Skepticism Over Mega-City Project

Saudi Arabia announced on Tuesday the replacement of the chief executive of its ambitious mega-city project, NEOM, as skepticism continues to mount regarding the Gulf kingdom’s most significant development initiatives. Nadhmi al-Nasr, who had been serving as the project’s CEO since 2018, has departed from his role. In a statement, NEOM confirmed that Aiman al-Mudaifer has been appointed as the interim CEO to lead the project moving forward.

This leadership change comes at a time when questions about the feasibility and progress of NEOM have increased, highlighting the challenges faced by the kingdom in realizing its vision for a futuristic urban environment.

#SaudiArabia #NEOM #MegaCity #AimanAlMudaifer #NadhmiAlNasr #LeadershipChange #DevelopmentProjects #FuturisticCity #GulfKingdom #UrbanDevelopmen #NOFN #NOFN_NEWS_OF_NEWS

[ipconsultinggroup-1]

On Tuesday, Kathi Vidal, the director of the U.S. Patent and Trademark Office, announced via social media that she plans to depart from her role in mid-December, just before the incoming administration of Republican President-Elect Donald Trump assumes office. In a LinkedIn post, Vidal stated that she would be "returning to the private sector" after her final day in the role, which is scheduled for the second week of December. Deputy Director Derrick Brent is set to take over her responsibilities following her departure.

A USPTO spokesperson declined to comment on Vidal’s letter. Vidal, previously a Silicon Valley patent attorney at the law firm Winston & Strawn, was appointed to her role by Democratic President Joe Biden in 2021 and confirmed by the Senate in 2022. Following a 2021 Supreme Court ruling that granted the USPTO director authority to review patent judges' decisions, Vidal held more influence over patent validity assessments than her predecessors. She also played a key role in shaping policies on various issues, including the impact of artificial intelligence on patents.

In her letter on Tuesday, Vidal noted that the USPTO had come together around a mission to advance U.S. innovation, inclusive capitalism, and global competitiveness during her time as director. "As the Biden-Harris Administration nears its conclusion, please keep up the hard work and remain committed to our mission for innovators and creators," Vidal encouraged. "And be prepared to collaborate with the team from the incoming administration."

Trump has not yet revealed his pick to head the USPTO under his administration. Andrei Iancu, who served as director during Trump’s previous term, is currently a partner at the law firm Sullivan & Cromwell.

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[freelancershahin]

Can Carolina Finally Conquer the Postseason Challenge?

[enterprisewired]

OpenAI Considers Restructuring Amid Executive Departures

OpenAI is reportedly exploring plans to restructure into a for-profit business, while keeping its non-profit arm separate, according to an anonymous source familiar with ongoing discussions. This shift could simplify investment processes and offer employees more straightforward liquidity options.

The news follows a series of high-profile departures, including Chief Technology Officer Mira Murati, who announced her exit after six and a half years. CEO Sam Altman later confirmed the departure of Research Chief Bob McGrew and Research Vice President Barret Zoph, marking a wave of leadership changes within the company.

Murati explained in a memo, which she also shared on social media platform X, that she was stepping down to “create the time and space” for personal exploration, ensuring a smooth leadership transition. Altman noted that McGrew and Zoph’s decisions to leave were independent, but the timing allowed for a collective handover to the next generation of leadership.

These executive exits are part of a larger pattern. OpenAI considers restructuring as the company has seen notable talent departures following the significant traction gained after the 2022 release of ChatGPT. Earlier this year, co-founder Ilya Sutskever and former safety leader Jan Leike left, and co-founder John Schulman departed last month for rival AI company Anthropic.

OpenAI’s Financial Landscape

Despite these changes, OpenAI’s financial standing remains strong. The company, valued at over $150 billion, is pursuing a funding round led by Thrive Capital, which plans to invest $1 billion. Tiger Global, Microsoft, Nvidia, and Apple are reportedly also in talks to invest.

Murati previously made headlines when she briefly served as interim CEO in November 2023 after Altman’s controversial ousting by the board, which accused him of inconsistent communication. Almost all OpenAI employees threatened to leave in protest, leading to Altman’s return days later and the removal of several board members, including Sutskever.

OpenAI Considers Restructuring Amid Challenges of Rapid Growth

Amid its meteoric rise, OpenAI has faced internal concerns about the safety of its rapid growth. Murati, during a WSJ Tech Live conference in June, sparked debate by suggesting that AI could displace some creative jobs, though she also emphasized AI’s potential to enhance human intelligence and creativity.

As OpenAI considers restructuring, the company is navigating the challenges of scaling responsibly while retaining top talent, positioning itself at the forefront of the artificial intelligence industry.

[3nn-express]

Sheikh Hasina's Resignation and its Effect on the Economy.

Bangladesh Prime Minister Sheikh Hasina landed at Hindon Air Base in Delhi after resigning amid violent demonstrations in Dhaka. The Army Chief said that an interim government was being constituted and asked demonstrators to stop violence.

Read More

[sakti3940]

Leadership and the Power of Relationships

[usatopnews2025]

Canadian Prime Minister Justin Trudeau Set to Announce Resignation as Liberal Party Leader

Canadian Prime Minister Justin Trudeau to Announce Resignation as Liberal Party Leader

Canadian Prime Minister Justin Trudeau will announce on Monday that he is stepping down as leader of the ruling Liberal Party but will remain prime minister until a successor is chosen, according to a source close to the prime minister who spoke with CNN.

Trudeau, who has led the Liberal Party for 11 years and served as prime minister for nine, is facing a series of escalating crises, including Donald Trump’s tariff threats, the resignation of key allies, and plummeting approval ratings. His resignation is widely seen as a preemptive move to leave office before being ousted in a general election expected later this year, which he is projected to lose.

The Liberal Party now faces the prospect of entering the election without a permanent leader. Polls indicate a significant lead for the opposition Conservative Party, led by Pierre Poilievre, a firebrand politician whose popularity has surged. The next federal election is scheduled to take place no later than October 20, though it could be called earlier.

The Liberal Party's national executive, which oversees leadership decisions, is set to meet later this week, likely after consultations with caucus members.

Trudeau was elected as prime minister three times, most recently in 2021. However, his government has been operating as a minority since that election, and support for the Liberals has steadily declined. Recent polling averages suggest the Conservatives have opened a commanding lead of more than 20% over the Liberals.

Trudeau is expected to formally announce his decision at a news conference scheduled for 10:45 a.m. ET on Monday.