This Week
Jonas von Malottki appointed as new Chief Information Officer of Mercedes-Benz Group, replacing Katrin Lehmann who departs end of August 2026. Von Malottki brings international technology strategy experience to lead global IT operations.
Dr. Fatemeh Afshari appointed as College of Dentistry's first chief dental informatics officer, overseeing clinical information technologies, EHR systems, and data analytics across the college.
Standard Bank announced 78% of migratable compute now on cloud and mandatory AI training for all employees, with Group CIO Jörg Fischer emphasizing scalable AI deployment across the organization.
CEO Todd Schwartz acquired 60,000 shares of OppFi stock, bringing his total ownership to 493,733 shares valued at approximately $3.48 million.
Christine Wu departed Absa amid a retail banking shake-up, as the bank pursues a new strategy under CEO Kenny Fihla with senior hires from Standard Bank.
Eli Lilly committed to Veeva Vault CRM globally as part of the Vault CRM Suite, representing a strategic shift in its commercial technology foundation away from Salesforce.
Cardinal Infrastructure acquired Allied Paving and is investing in a new CRM system and enhanced G&A infrastructure to ensure SOX 404 compliance and improve financial visibility across consolidated operations.
Rebecca Wallihan, MD, joined Emory University School of Medicine as Vice Chair of Education in the Department of Pediatrics, while also serving as Chief Teaching Officer at Children's Healthcare of Atlanta.
OppFi is investing over $150 million in 2026 to develop a broader multi-product platform and is migrating to the LOLA system, with delays announced in launching a new line of credit product.
WFP's chief information officer Enrica Porcari navigated a 34% funding reduction from major donors in 2025, triggering layoffs and restructuring while the organization extended its Palantir contract despite audit concerns regarding data access and personally identifiable information handling.
Instacart is actively hiring Sales Development Representatives to identify and partner with independent retailers, offering flexible remote and in-office work arrangements as part of team expansion.
Chief Technology Officer Robert Murphy sold 4 million shares worth approximately $21.6 million on August 5-6, 2026, and donated 1.22 million shares to charity.
CFO Nicholas Brazis departed after four months, coinciding with disclosure of $170 million in Pool channel destocking damage and significant downward financial guidance revision.
Acting CFO Mahr departed City of Chicago ahead of the budget season, following the earlier exit of CFO Jill Jaworski to Navy Pier in winter 2025.
Neil A. Hansen became Senior Vice President and Chief Financial Officer of ExxonMobil effective February 1, 2026.
Zetwerk Manufacturing filed updated draft red herring prospectus with SEBI for ₹2,600 crore IPO to raise fresh capital and reduce debt, with offer for sale by existing shareholders.
Atlan raised $105 million in a funding round led by GIC and Meritech Capital, valuing the company at $750 million post-money. Funds will support scaling product, engineering, and go-to-market efforts.
Bank of America acquired 49.9% stake in Jio Credit for Rs 18,268 crore (approximately $2.19 billion USD). This strategic partnership establishes Jio Financial Services as a key partner for global financial services players in India's growing financial services market.
JFS and BlackRock each committed $150 million to establish a mutual fund business in India, with partnership expansion into broking and wealth management.
Brookfield and NextEra announced a partnership to build a US$100-billion data centre campus on a U.S. site, expanding NVIDIA's physical AI infrastructure presence.
NextEra and Brookfield announced a partnership to build a US$100-billion data centre campus on a U.S. site, expanding NVIDIA's physical AI infrastructure presence.
Bank of America agreed to acquire up to 49.9% stake in Jio Credit Ltd for $1.9 billion, marking a major strategic partnership in Indian financial services.
PPG is expanding its automotive coatings facility in Delaware, Ohio, with a $280 million investment adding 100 jobs and boosting production capacity.
Toyota Material Handling North America opened a $100 million next-generation forklift manufacturing facility in Columbus, Indiana, adding 140 jobs.
TPG Mortgage Investment Trust Inc. will acquire fellow residential mortgage REIT Cherry Hill Mortgage Investment Corp. for more than $117 million in a cash and stock deal.
Kaya Hotels & Resorts acquired the five-star ME Barcelona hotel in Spain from Actual Capital for approximately €100 million, adding a 164-room luxury property to its portfolio.
Microsoft activated its fourth Azure data center region in India (India South Central in Hyderabad) as part of a $20.5 billion investment commitment to expand cloud and AI infrastructure across the country.
Hadrian raised $1.37 billion in Series D funding at a post-money valuation of approximately $8 billion. The factory-builder and defense manufacturer uses AI, automation, and robotics to provide factories-as-a-service for aerospace and defense.
American Family Mutual Insurance Co. agreed to acquire all outstanding shares of specialty insurer Bowhead Specialty Holdings Inc. for approximately $1.2 billion in cash.
QVC Group exited Chapter 11 bankruptcy after reducing debt by over $5 billion, citing changing consumer shopping habits and TV cord-cutting as reasons for the filing.
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