ST. PAUL: Securian Asset Management Inc. announced that Sean O’Connell will succeed David Kuplic as president and CEO of Securian Asset Management—and chief investment officer for Securian Financial—on July 1, 2021. Kuplic is retiring after 17 years of service with Securian Financial and a 37-year career in the investment industry. “It has been an honor…
Gaia Herbs appoints Jim Geikie as new President and Chief Executive Officer
BREVARD: Gaia Herbs, a leading natural herbal products brand in the United States, has announced the appointment of Jim Geikie to President and Chief Executive Officer for the company, effective immediately. Having previously served on the Gaia Herbs Board of Directors, Geikie is well acquainted with the pioneering brand and has the ideal background, experience,…
Telenor and Axiata to merge Malaysian operations
OSLO: Telenor Group and Axiata Group Berhad are in advanced discussions regarding a potential merger between its mobile operations, Celcom and Digi, in Malaysia, a news release said. Both parties will have an equal ownership of 33.1% in the combined entity. As part of the transaction, Axiata will receive newly issued shares in Digi, a…
Polish regulator grants Contract for Difference to the Baltica offshore wind farms
WARSAW: The Polish Energy Regulatory Office has awarded a Contract for Difference to the Baltica 3 and Baltica 2 offshore wind farms with a total capacity of up to 2.5 GW, a news release said. Baltica 3 and 2 will contribute significantly to Poland’s green energy transition, accelerate the development of the local supply chain…
New Wave Holdings plans to expand brand presence on Walmart.com
TORONTO: New Wave Holdings Corp. announced that it will set forth its plans to aggressively increase its brand presence on Walmart.com. Way of Will, a growing health and wellness company known for its natural, aromatherapy-based products, will be putting its plans into motion to grow the brand’s presence on Walmart.com. The goal is to leverage…
Sanofi creates nonprofit unit to provide poorest countries with access to essential medicines
PARIS: Sanofi Chief Executive Officer Paul Hudson outlined several key projects that the company will implement to increase the impact of its Corporate Social Responsibility (CSR) strategy. Embedded in Sanofi’s long-term strategy, the company’s commitment is based on four essential pillars in which Sanofi is uniquely positioned to make a difference: access to medicines, support…
Jeff Gravenhorst appointed Chairman of SSG
STOCKHOLM: SSG Group (SSG), which is a leading Nordic provider of damage control and adjacent services, appointed Jeff Gravenhorst as chairman. Jeff Gravenhorst (1962) is a professional board member and will contribute to SSG’s development with comprehensive experience from his career as CEO of large international service and industrial companies as well as strong competencies…
Pernille Sindby appointed CEO of Totalkredit A/S
COPENHAGEN: Pernille Sindby will take up the position as Chief Executive Officer of Totalkredit A/S with immediate effect, a news release said. She will be replacing Camilla Holm, who has accepted a position as Executive Vice President of PFA as announced on 9 March. Pernille Sindby has been part of the Nykredit Group since 2003…
IMF’s World Economic Outlook – Apr’21
The International Monetary Fund (IMF), in its World Economic Outlook (WEO) 2021 report, expects a strong rebound in the global economic growth in 2021 as Covid-19 vaccine rollouts get underway, but it warns of uncertainty that surrounds given the challenging times world is going through following the pandemic. Below are some of the key projections…
SalMar ASA assigned A- investment grade rating by Nordic Credit Rating
OSLO: Nordic Credit Rating has today assigned a first-time long-term issuer rating of A- with a stable outlook to SalMar ASA. “The credit rating reflects SalMar’s strong profitability relative to its peer group, which is due to its cost-efficient production and excellent farming locations. The rating further reflects the company’s strong cash flow and moderate…
DFDS opens new unaccompanied freight route between Calais and Sheerness
COPENHAGEN: DFDS A/S is opening a new route between Calais and Sheerness in response to increasing demand for additional ferry capacity for unaccompanied freight (trailers) between France and the UK, a news release said. The first departure is planned for 1 June 2021. The new route will have one daily round trip operating 7 days…
Be ys Pay to bring biometric payment cards in France and Benelux
PARIS: French payment solutions provider be ys Pay, a fintech dedicated to payment technologies, is partnering with Zwipe to offer biometric payment cards to the French, Belgian, Luxembourg and Dutch markets, a news release said. Biometric payment cards allow consumers to conduct contactless transactions securely through authentication with their fingerprints. The innovation offered by Zwipe…