LONDON, UK: Rio Tinto has appointed Jérôme Pécresse to lead its Aluminium business, succeeding Ivan Vella. Jérôme, who was until recently President and CEO of General Electric (GE) Renewable Energy, will join Rio Tinto on 23 October 2023. Jérôme is a French citizen with over 30 years of business experience, including senior leadership roles in…
RPM Automotive Group appoints Guy Nicholls as COO
SYDNEY, AUSTRALIA: RPM Automotive Group Limited (ASX: RPM), a leading player in the Australian automotive aftermarket sector, has announced that Guy Nicholls, a current Non-Executive Director, will become an Executive Director and take on the role of Chief Operating Officer of the company, effective immediately. Guy Nicholls has over 30 years of experience in the…
Orora Group to acquire Saverglass at an enterprise value of AUD 2.156 billion
SYDNEY, AUSTRALIA: Orora Group has entered into arrangements relating to the acquisition of Saverglass, a global leader in the design, manufacturing, customisation and decoration of high-end bottles for the premium and ultra-premium spirit and wine markets. The enterprise value of AUD 2.156 billion represents an implied multiple of 7.7x Adjusted EBITDA of Saverglass for the…
Auckland Airport’s top infrastructure officer quits for KiwiRail
AUCKLAND, NZ: Auckland Airport has announced the resignation of its Chief Infrastructure Officer Andre Lovatt, who will leave the organisation in December 2023 to join KiwiRail in the same role. Mr Lovatt has been with Auckland Airport for five years and has been instrumental in leading the infrastructure team and the development programme after the…
ActiveOps plc appoints Emma Salthouse as Chief Financial Officer
LONDON, UK: ActiveOps plc (AIM: AOM), a leading provider of Management Process Automation (MPA) software for running hybrid and global back-office operations, announced the appointment to the Board of Emma Salthouse as Chief Financial Officer, with effect from 1 December 2023. In order to reduce his executive time commitments, Ken Smith, current Chief Financial Officer,…
XLMedia signs exclusive media partnership with Atlanta Journal-Constitution LLC
LONDON, UK: XLMedia PLC (AIM: XLM), the global digital media company that manages a portfolio of premium brands with an emphasis on sports and gaming in regulated markets, has signed an exclusive three-year partnership with Atlanta Journal-Constitution, LLC. (“AJC”) to create premium sports betting content. AJC reaches over 9.2 million unique digital users per month….
TI Fluid Systems agrees to acquire Cascade Engineering Europe for $27.7 million
LONDON, UK: TI Fluid Systems (LON:TIFS), a leading global supplier of automotive fluid systems technology, has agreed to acquire Cascade Engineering Europe, a Hungarian-based leader in the design and manufacturing of thermal fluid connectors and other complex plastic injection moulded components for the automotive industry. The business has a strong reputation for its technical expertise…
PZ Cussons to buy out Nigerian unit and de-list from stock exchange
LONDON, UK: PZ Cussons, a British consumer goods company, has announced its intention to acquire the remaining shares of its Nigerian subsidiary, PZ Cussons Nigeria Plc (PZCN), and de-list it from the Nigerian stock exchange. The move is aimed at simplifying and strengthening its business in Nigeria, a key market for the Group. According to…
Caledonia Investments signs deal to sell Seven Investment Management (7IM) for £255 million
LONDON, UK: Caledonia Investments plc has agreed terms for the sale of its majority stake in Seven Investment Management (7IM), a vertically integrated retail wealth management business, to Ontario Teachers’ Pension Plan Board (OTPP), a global investor with approximately C$250 billion in net assets. The transaction is subject to change in control approval by the…
Molecular Energies evaluates to sell President Energy Holding UK for up to $40 million
LONDON, UK: Molecular Energies (AIM: MEN), an international energy company, has announced its plan to sell its oil and gas business in Argentina to PLLG Investments Limited, a company owned by Peter Levine, for up to US$40 million. The deal involves selling all the shares of President Energy Holding UK Limited, which owns and operates…
UAE sets up gaming regulator, eyes casino legalization
The UAE is taking steps to become the first Gulf country to allow casinos, as it announced the formation of a federal authority to oversee the gaming industry. The new body, which will be led by former MGM Resorts International CEO Jim Murren, will create a “world-leading regulatory framework” for a national lottery and commercial…
AXA XL appoints Lucy Pilko as new Americas CEO
Lucy Pilko will be the new Americas CEO of AXA XL, a global insurer and reinsurer, starting from 30 October. She will be based in New York and oversee the US, Canadian, and Bermudian insurance operations. Pilko joins AXA XL from Boston Consulting Group (BCG), where she was a managing director and senior partner. She…