The Duckhorn Portfolio Inc., North America’s premier luxury wine company, announced the retirement of its President, Chief Executive Officer and Chairman, Alex Ryan, after 35 years of service. The company’s Board of Directors has appointed Deirdre Mahlan, a former CEO of Diageo North America, as interim President, Chief Executive Officer and Chairperson. Mahlan has been…
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Bedeo launches hybrid conversion service for diesel vans in France
Bedeo, a British company that supplies electric powertrains for vans, has announced a new service that will turn thousands of diesel vans into electric hybrids. The service will start in France, where the government offers a 9,000-euro subsidy for retrofitting old fossil-fuel models. The service involves installing a 37-kilowatt hour battery and Protean Electric in-wheel…
Amazon hires former Microsoft product chief Panos Panay
Amazon has announced that it has hired Panos Panay, the former chief product officer of Microsoft, to lead its Devices & Services division. Panay will replace David Limp, who is retiring after seven years in charge of Amazon’s device business. Panos Panay is known for his role in developing Microsoft’s Surface line of devices and…
Rami Baitiéh to take over as Morrisons CEO from David Potts
Morrisons has announced that Rami Baitiéh, the current CEO of Carrefour France, will succeed David Potts as its new CEO in November. Potts, who has led the UK supermarket chain for nine years, will step down and oversee the transition. Baitiéh said he was honoured to join Morrisons and praised its unique position as a…
Carvana and NRG partner to launch esports challenge
Carvana, an industry pioneer for buying and selling used cars online, and esports and gaming leader NRG are thrilled to partner in hosting a new skills challenge event in search of the world’s next Rocket League pro. The Carvana | NRG Combine, in collaboration with the Network of Academic and Scholastic Esports Federations (NASEF), invites…
ESP Associates acquires two engineering firms to expand in Texas and Colorado
ESP Associates, Inc., a leading engineering design and infrastructure consulting firm, announced today that it has acquired two engineering firms to expand its professional talent and service capabilities in the growing Texas and Colorado markets. The two acquisitions are CivilCorp, LLC, a Texas-based firm that specializes in transportation and public works engineering, geospatial and inspection…
Stratascale acquires Vector0 to boost proactive cybersecurity services
Stratascale, an SHI company that provides digital transformation solutions, announced today the acquisition of Vector0, a provider of Attack Surface Management (ASM) software. The acquisition will enhance Stratascale’s ability to deliver cutting-edge, proactive cybersecurity services to its customers. ASM is a process of discovering, prioritizing, and mitigating critical security risks across an organization’s digital assets….
Hexure acquires Vive to create a unified platform for life and annuity products
Hexure, a leader in sales and regulatory automation for life and annuity products, has acquired Vive, a platform that offers quotes and e-submissions for life insurance. The acquisition will create a unified distribution platform for the life and annuity industries that will deliver a modern enrollment experience for carriers, producers and clients. Vive is a…
Nissan to go all-electric in Europe by 2030
Nissan Motor Co announced on Monday that it will only sell electric vehicles (EVs) in Europe by 2030, as part of its global strategy to achieve carbon neutrality by 2050. The Japanese carmaker also said that all new models it launches in Europe will be fully electric, starting from now. Nissan CEO Makoto Uchida said…
Apple iPad mini 7 – What to expect from this compact powerhouse
Apple enthusiasts have been eagerly awaiting the release of the seventh-generation iPad mini, and according to a recent DigiTimes report, their patience is about to be rewarded. This new iteration of the iPad mini is expected to hit the market later this year, defying earlier rumors that suggested no new iPad models would be launched…
Lumi Shares Soar 30% on Debut on Riyadh Stock Exchange
Shares of Saudi Arabian auto rental firm Lumi soared as much as 30% on Monday at the company’s debut on the Riyadh stock exchange in a 1.09 billion riyal ($290 million) initial public offering (IPO). A unit of Saudi travel company Seera, Lumi listed 30% of its shares on the Saudi Tadawul exchange at an…
Amazon to invest $4 billion in AI startup Anthropic and partner on generative AI
Amazon, the e-commerce giant, announced on Monday that it will invest up to $4 billion in Anthropic, an artificial intelligence startup that specializes in generative AI. Amazon will also take a minority stake in the company and collaborate with it on advancing generative AI technology. Generative AI is a branch of AI that can create…