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Corporate Responsibility

STLA

Stellantis and Aramco have concluded that 24 engine families in European vehicles produced since 2014 are compatible with expected eFuels formulations. The companies have been testing surrogate eFuels as part of their pursuit of lower-carbon energy solutions. Stellantis estimates that the use of low-carbon eFuels could reduce up to 400 million tons of CO2 in Europe from 2025 to 2050, if used in up to 28 million Stellantis vehicles. Aramco is exploring the production of low-carbon synthetic fuels in two demonstration plants.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 1:14 pm

TOST

Toast (NYSE:TOST) has announced a leadership transition with Aman Narang, Co-Founder and COO, set to become CEO effective January 1, 2024. Current CEO Chris Comparato will remain on the board upon Narang's appointment. Narang has been with the company since its inception and has held various leadership roles. Comparato has led the company through significant growth, including taking the company public in 2021 and growing its customer base to approximately 93,000 restaurant locations.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:31 pm

ACLS

Axcelis Technologies, Inc. (NASDAQ:ACLS) has announced that James Coogan will succeed Kevin Brewer as Executive Vice President and Chief Financial Officer in October 2023. Coogan, who has over 20 years of experience in finance, accounting, and investor relations, is joining Axcelis from Kaman Corporation. Brewer will assume the title of Executive Vice President, Finance and Operations, and plans to retire at the end of 2023.

Portfolio Pulse from Happy Mohamed

September 05, 2023 | 12:02 pm

ILMN

Illumina has announced the appointment of Jacob Thaysen, currently Senior Vice President of Agilent Technologies and President of its Life Sciences and Applied Markets Group, as its new CEO, effective from September 25, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:37 am

IVVD

Invivyd has announced the appointment of William Duke as its new Chief Financial Officer.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:12 am

AGLE

Aeglea BioTherapeutics has appointed Scott Burrows as its new CFO. The current President and CFO, Jonathan Alspaugh, is expected to transition into a strategic advisory consulting role through December 31, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 11:10 am

NUTX

Nutex Health Inc. (NASDAQ:NUTX) has appointed Joshua DeTillio as its new Chief Operating Officer, effective from October 2, 2023. DeTillio, who has over 20 years of hospital experience and 12 years as a CEO in investor-owned, publicly traded companies, previously served as CEO at Bravera Health, owned by Community Health Systems.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2023 | 9:34 am

AAPL

Apple Inc. (AAPL) is speculated to abandon leather in favor of eco-friendly materials for its upcoming iPhone 15 lineup cases and Watch bands. This move raises questions about the potential impact on its partnership with luxury fashion brand Hermes. The shift towards eco-friendly materials is expected to be a theme at Apple's Sept. 12 product launch event. Apple also recently offered its employees steep discounts on Hermes leather accessories, potentially signaling an inventory clearance.

Portfolio Pulse from Ananya Gairola

September 05, 2023 | 8:04 am

TSLA

The Harris Ranch Tesla Supercharger in California, the largest in the world, could still be partially powered by a diesel plant, contradicting Tesla's clean energy claims. This was first revealed by investigative journalist Edward Niedermeyer in 2015 and revisited last year. Although Tesla promised to power all its Superchargers with renewable energy by the end of 2021, the reality at the Harris Ranch Supercharger may be different. Despite these revelations, many Tesla owners continue to prefer the convenience and charging infrastructure provided by the company.

Portfolio Pulse from Ramakrishnan M

September 05, 2023 | 6:40 am