Streetbeat News

Corporate Responsibility

BP

EIPX

HJEN

BP has updated its workplace relationship policy, requiring employees to disclose intimate relationships with colleagues or face termination. This follows the dismissal of former CEO Bernard Looney for failing to make such disclosures. The new policy prohibits employees from managing relatives or those with whom they have intimate relationships. Senior leaders must declare any such relationships from the past three years by September 1. BP shares are up 0.77% premarket.

Portfolio Pulse from Lekha Gupta

June 10, 2024 | 11:44 am

NOTV

Inotiv, Inc. (NASDAQ:NOTV) has completed its Hillcrest, UK expansion and secured long-term contracts with new customers. The company also extended the maturity date of a $3.7 million OBRC payable note to July 2025. These developments are part of Inotiv's ongoing transformation plan initiated in 2022, which includes site closures, infrastructure investments, and a focus on growth initiatives.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 11:37 am

GORV

Lazydays has appointed Robert DeVincenzi as Chairman, effective June 9, 2024. DeVincenzi, who is the Lead Independent Director and former Interim-CEO, will succeed Christopher Shackelton, who is stepping down as a director. The Board will now consist of seven directors, six of whom are independent.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 11:36 am

ED

EVRG

Consolidated Edison (NYSE:ED) announced that Robert Hoglund will retire as CFO on July 8, 2024, and will be succeeded by Kirkland B. Andrews from Evergy (NASDAQ:EVRG). Andrews will assume the role of Senior Vice President and CFO, reporting to CEO Tim Cawley.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 11:32 am

CNTA

Centessa Pharmaceuticals plc (NASDAQ:CNTA) has appointed John Crowley as Chief Financial Officer, effective June 10, 2024. The former CFO, Gregory Weinhoff, will transition to the newly created role of Chief Business Officer.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 11:20 am

SEDG

SolarEdge Technologies, Inc. (NASDAQ:SEDG) announced the appointment of Ariel Porat as Senior Vice President, Finance, as part of a succession plan for the CFO role. Current CFO Ronen Faier will step down in approximately three months, with Porat expected to assume the role thereafter. Faier will remain with the company to assist with the transition and work on strategic projects.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 11:13 am

TSLA

Venture capitalist Naval Ravikant has announced that he will sell his Tesla (NASDAQ:TSLA) stock if Elon Musk's $56 billion compensation package is not approved, and buy more if it is passed. The pay package, rescinded earlier this year by the Delaware Court of Chancery, will be voted on at Tesla's annual shareholder meeting on June 13. Ravikant and other prominent investors support the package, while proxy advisory firms advise against it.

Portfolio Pulse from Anan Ashraf

June 10, 2024 | 10:54 am

TDOC

Teladoc Health has appointed Charles Divita as its new CEO, effective immediately. Divita has also joined the company's Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 10:46 am

AIG

CRBG

AIG has met the requirements for the deconsolidation of Corebridge Financial for accounting purposes. AIG owns approximately 48.35% of Corebridge's common stock. The deconsolidation follows AIG's decision to waive its right to majority representation on Corebridge's Board of Directors and the resignation of Chris Schaper from Corebridge's Board.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 10:33 am

BITF

RIOT

Bitfarms' Board has unanimously approved a Shareholder Rights Plan to protect the integrity of its strategic alternatives review process. The plan allows Riot to proceed with an unsolicited take-over bid under Canadian securities laws and becomes exercisable if a person or related persons acquire 15% or more of Bitfarms' shares before September 10, 2024, or 20% thereafter without complying with the plan's provisions.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 10:05 am