Latest news with #leadershiptransition
Yahoo
05-07-2025
- Business
- Yahoo
Emeren sees Q2 non-cash impairment of no less than $20M
Emeren (SOL) Group announced a leadership transition within its North America operations. Cameron 'Mac' Moore, Executive Vice President – North America, has departed the company, and M. Jahangir Alam has been appointed as his successor, effective immediately. Emeren is also providing its preliminary financial updates for the second quarter of 2025. Based on currently available information, the company expects a non-cash impairment of no less than $20M on global property, plant, and equipment, primarily reflecting an updated fair value assessment of certain power station assets in accordance with U.S. GAAP. Emeren expects to release its full financial results for the second quarter of 2025 around mid-August. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on SOL: Disclaimer & DisclosureReport an Issue Republicans remove excise tax on wind, solar projects from Senate bill, CNN says Emeren Group Announces Merger with Shurya Vitra Emeren enters go private merger for $2.00 per American depositary share Guggenheim says Senate draft tax language 'quite negative' for residential solar Senate tax committee offers solar/wind tax credit phase-out, Reuters says 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
Zawya
01-07-2025
- Business
- Zawya
Savola Group announces CEO transition
Jeddah, Kingdom of Saudi Arabia: Savola Group ('Savola' or 'the Group'), a leading strategic investment holding company in the food and retail sectors across the MENA region, announces today a leadership transition to further progress the Group's strategic transformation. The Board of Directors has accepted the resignation of Mr. Waleed Khalid Fatani from his position as CEO of Savola Group, effective June 30,2025, based on a mutual agreement as part of the Group's strategic transformational direction that aims to focus on the Food Sector, following a successful tenure marked by major strategic milestones. These include the launch of a SAR 6.0 billion rights issue to strengthen the Group's capital position, as well as the distribution of Savola's entire stake in Almarai to its shareholders. The Board extends its deepest appreciation to Mr. Fatani for his leadership, commitment, and contributions to Savola's transformation journey. In line with the transformation strategy, the Board is pleased to announce the appointment of Mr. Sameh Mahmoud Hassan, as the new Savola Group CEO based on the recommendation of the Remuneration and Nomination Committee (RNC) as of July 1, 2025. Mr. Sameh currently holds the position of the CEO of Savola Foods Co. (a wholly owned subsidiary of Savola Group) since December 2018. Mr. Sameh Hassan is a seasoned executive in the FMCG and food industries. He brings decades of leadership experience across prominent regional and global organizations. Prior to his current role, he held senior positions including Chief Portfolio Officer at Al Faisaliah Group, Chief Operating Officer at Basamh Trading and Industries Group, in addition to almost 20 years in several international roles at Procter & Gamble company. He also serves on the boards of various companies, reflecting his broad industry expertise and strategic leadership. He will continue to lead Savola Foods Company in addition to being Group CEO. This leadership change reflects the Group's continued evolution, with Savola Foods at the center of its future growth ambitions. While food will anchor the Group's core operations going forward, Savola remains committed to responsibly managing and maximizing value from its portfolio assets and other non-core holdings. As communicated in the February 2024 announcement, Savola continues to explore strategic alternatives to unlock value from these assets for the benefit of its shareholders, including potential listings, partnerships, or monetization avenues, subject to market conditions and regulatory approvals. Mr. Sulaiman A.K. Al-Muhaidib, Chairman of Savola Group, commented: 'The appointment of Mr. Sameh Hassan marks a new phase in Savola's journey as we focus our efforts on building a scaled and integrated food platform with regional and global ambitions. On behalf of the Board, I thank Mr. Fatani for his leadership and contributions. With Mr. Hassan at the helm, Savola is well-positioned to accelerate its growth in the food sector while continuing to manage its broader portfolio in a value-maximizing manner.' Mr. Waleed Khalid Fatani, outgoing CEO of Savola Group, added: 'It has been a privilege to lead Savola during this transformative period. I am proud of what we have accomplished together—from the execution of value-enhancing transactions to laying the foundation for the future with Savola Foods at the center of its future growth ambitions. I am confident that Mr. Sameh Hassan will continue this momentum and take the Group to even greater heights.' Mr. Sameh Hassan, incoming CEO of Savola Group, said: 'It is an honor to take on the role of Group CEO at this pivotal time. We will continue to build on Savola's heritage and strengths, driving sustainable growth in our food platform. I look forward to working closely with the Board and our teams to execute this next chapter of our strategy.' About Savola Group Founded in 1979, Savola Group is a publicly listed company and a leading strategic investment holding company focused on the food and retail sectors across the MENA region (Middle East, and North Africa). Its core platform, Savola Foods, produces and exports a wide range of food products including edible oils (such as Afia & Shams, and Alarabi brands), sugar (Alosra sugar), pasta (Almaleka and Italiano brands), Bayara and Afia nuts, spices, snacking and multiple ghee brands to more than 50 countries. The Group also owns Panda Retail Company, one of the largest grocery chains in Saudi Arabia, and holds strategic stakes in companies such as Herfy Food Service and Alkabeer Frozen Food.
Yahoo
25-06-2025
- Business
- Yahoo
HazMat Safety Consulting Announces Leadership Transition: Ryan Paquet Named President as Bob Richard Steps into Senior Advisory Role
WAXAHACHIE, Texas, June 25, 2025 /PRNewswire/ -- HazMat Safety Consulting (HSC), a leading authority in dangerous goods regulatory compliance, shares a leadership transition as a key milestone in its transformation that aligns with the company's strategic growth and rebranding initiatives. Effective immediately, Ryan Paquet has been appointed President, succeeding Bob Richard, who will continue with the company as Vice President and senior advisor. The announcement was made during the 2025 COSTHA Forum & Expo in Buckhead, Atlanta — the industry's premier event for dangerous goods compliance professionals. This transition marks an important milestone as HSC executes a forward-looking growth strategy designed to expand services, strengthen client partnerships, and solidify its leadership in regulatory guidance worldwide. "Bob Richard has built a world-class organization rooted in deep regulatory insight, trust, and unmatched expertise," said Robby Kinsala, CEO of HazMat Safety Consulting and Americase. "We are thrilled that he will remain a critical part of our leadership team as Vice President. At the same time, Ryan Paquet brings a wealth of regulatory experience and strategic vision to the President role, making this transition both seamless and strategic." Bob Richard, who co-founded HSC with Robby Kinsala and previously served as President, emphasized his continued involvement: "While I'm stepping back from day-to-day leadership, I'm not stepping away. I remain committed to supporting our clients and team as Vice President, and I'm excited to focus more deeply on advising and mentoring. Ryan is exceptionally qualified to lead us forward, and I have every confidence in his ability to grow our impact and capabilities." Ryan Paquet, formerly HSC's Vice President and a recognized expert in hazardous materials safety and international regulatory coordination, shared: "Bob has laid an extraordinary foundation. I'm honored to build on that legacy as President and help lead HSC into its next chapter. With our new growth strategy and rebrand underway, this is a defining moment to reinforce our leadership in the industry and expand our value to clients worldwide." The leadership realignment strengthens HSC's long-term commitment to expert guidance, compliance assurance, and strategic partnership in the complex world of hazardous materials transport. About HazMat Safety Consulting (HSC) Founded in 2012, HazMat Safety Consulting (HSC) helps organizations navigate the complex world of dangerous goods transportation with confidence. Backed by decades of regulatory leadership, HSC translates evolving U.S. and international compliance requirements into clear strategies, training, and systems that reduce risk and streamline operations. From lithium battery transport and special permits to expert audits and compliance remediation, HSC empowers clients to stay ahead of regulations, avoid costly disruptions, and protect their brand through tailored, expert-driven support. To learn more about HazMat Safety Consulting and its evolving services, visit About AmericaseFounded in 1985, Americase is a global leader in the custom design and manufacture of cutting-edge protection containers for the transportation and storage of hazmat and high value goods. Dedicated to mission-critical problem-solving innovation, the company provides efficient and effective answers to even the most complex shipping and storage problems. Americase supports customers across various industries and organizations, including consumer electronics, data centers, automotive, airline and general aviation, oil and gas, power tools, recreational vehicles and micromobility devices, space and exploration, U.S. Military, medical devices, and semiconductors. Media ContactMarina MalamisMarketing Director397153@ View original content to download multimedia: SOURCE HazMat Safety Consulting 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
CTV News
24-06-2025
- Business
- CTV News
Puneeta McBryan stepping down from Edmonton Downtown Business Association
The CEO of the Edmonton Downtown Business Association (EDBA) is stepping down. Puneeta McBryan says she has mixed feelings about leaving the position. 'Five years feels like the right amount of time to do a role like this,' she told CTV News Edmonton on Tuesday. 'If you're doing it to the full extent of your ability, it can really be quite draining. We've been running flat out since I started in the winter of 2020. It's been a full sprint of downtown recovery.' McBryan says she's proud of the growth the EDBA has achieved during her term, including taking over the Downtown Farmers' Market. 'People might remember from before, it was a much smaller organization.' 'We've started doing a lot of big new things that I think fill a lot of gaps and help make a better downtown for everyone.' She says the next CEO, who will be chosen by the EDBA board, will face some of the same challenges she's been fighting during her tenure, including dealing with mental health issues, homelessness and social disorder. McBryan says she'll stay on until the new CEO is chosen.
Yahoo
12-06-2025
- Business
- Yahoo
Vera Bradley Inc (VRA) Q1 2026 Earnings Call Highlights: Navigating Leadership Changes and ...
Release Date: June 11, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Vera Bradley Inc (NASDAQ:VRA) is undergoing a leadership transition with a focus on accelerating transformation and improving results. The company has formed a new Strategy and Transformation Committee to refine strategic direction and growth initiatives. Vera Bradley Inc (NASDAQ:VRA) has successfully diversified its wholesale accounts, including new partnerships with Costco and Urban Outfitters Marketplace. The company has seen a notable performance on the Target Marketplace, leading to further discussions to maximize the partnership. Recently acquired new customers now comprise 45% of the active 12-month file, showing a shift in customer demographics and product affinities. Vera Bradley Inc (NASDAQ:VRA) reported a decrease in consolidated revenues to $51.7 million from $67.9 million in the prior year first quarter. The company experienced a 23.6% decrease in the Vera Bradley Direct segment revenues due to traffic and conversion declines. Gross margins declined due to channel shifts from stores to online sites, contributing to increased outbound freight costs. The company reported a non-GAAP net loss from continuing operations of $10 million, compared to a $6.6 million loss in the prior year. Vera Bradley Inc (NASDAQ:VRA) has suspended its prior year guidance due to leadership changes and uncertainty in the consumer environment. Warning! GuruFocus has detected 4 Warning Signs with VRA. Q: Can you provide more details on the leadership transition and the search for a new CEO? A: Ian Bickley, the incoming Executive Chairman, explained that Jackie will be departing at the end of July, and the Board has initiated a nationwide search for a new CEO. Ian will serve as Executive Chairman during the transition to ensure steady leadership until a new CEO is appointed. Q: How is Vera Bradley addressing the shift in customer demographics and preferences? A: Jacqueline Ardrey, CEO, noted that the company is focusing on restoring and modernizing the brand through product, brand, customer, and channel strategies. They are increasing the penetration of classic Vera Bradley products and have introduced new collections and partnerships to appeal to both new and existing customers. Q: What were the key financial results for the first quarter of fiscal 2026? A: Michael Schwindle, CFO, reported that consolidated revenues were $51.7 million, a decrease from the previous year. The net loss from continuing operations was $10 million. The Direct segment saw a 23.6% revenue decline, while the Indirect segment decreased by 25.6%. Q: How is Vera Bradley managing inventory and cost efficiencies? A: Michael Schwindle highlighted that inventory decreased by 3% year-over-year due to changes in merchandising processes. The company is focused on redefining inventory acquisition and management to improve product flow and quality, which has already shown positive impacts. Q: What is the company's outlook and guidance for the future? A: Due to leadership changes and consumer environment uncertainties, Vera Bradley has suspended its prior guidance and is not providing forward guidance at this time. The focus remains on business transformation and improving performance. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. 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
