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Corporate Responsibility

BWA

BorgWarner Inc. (BWA) announced Rohan S. Weerasinghe as Non-Executive Chairman of PHINIA Inc. following the spin-off of the Fuel Systems and Aftermarket segments. The spin-off is expected to be completed by the end of Q3 2023. Other board members include Brady D. Ericson, Samuel R. Chapin, Robin Kendrick, D'aun Norman, and Roger J. Wood.

Portfolio Pulse from Happy Mohamed

June 02, 2023 | 12:13 pm

MEIP

MEI Pharma announced the departure of President and CEO Daniel Gold, with David Urso appointed as his successor effective June 2.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 12:03 pm

ILMN

Illumina's board has elected two new independent directors, Stephen P. MacMillan, CEO of Hologic, and Scott B. Ullem, CFO of Edwards Lifesciences. MacMillan will also serve as the non-executive Chair of Illumina's board.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 11:35 am

AAPL

Apple is ramping up its hiring efforts for generative AI engineers, according to Apple Insider. This move indicates the company's focus on expanding its AI capabilities.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 11:17 am

MRM

MEDIROM Healthcare Technologies (MRM) has approved a reorganization plan to transfer its Digital Preventative Healthcare business to a new wholly-owned subsidiary and its salon development and general corporate departments to an existing subsidiary. This move aims to strengthen the Digital Preventative Healthcare business and improve the competitiveness of each subsidiary.

Portfolio Pulse from Charles Gross

June 02, 2023 | 9:12 am

AMZN

INDA

Puneet Chandok, the head of Amazon's cloud division AWS in India, has resigned from his position, according to a company spokesperson.

Portfolio Pulse from Charles Gross

June 02, 2023 | 8:43 am

AMZN

GOOG

GOOGL

META

Meta Platforms Inc. has announced a change in its remote work policy, requiring employees to work from the office three days a week starting in September. This move is a departure from Meta's previous remote-first approach and follows similar decisions by other tech companies like Amazon and Alphabet.

Portfolio Pulse from Ananya Gairola

June 02, 2023 | 5:41 am

META

Meta Platforms, formerly Facebook, has announced that employees will be required to return to the office for at least three days a week starting March 28. The decision comes as the company aims to strike a balance between remote and in-person work.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 10:00 pm

GT

Goodyear Tire & Rubber announced a plan to reduce production capacity at its Fulda, Germany facility by 50%, resulting in approximately 550 job reductions. The company estimates total pre-tax charges associated with the actions to be between $105M and $115M.

Portfolio Pulse from Charles Gross

June 01, 2023 | 8:57 pm

ACHC

Acadia Healthcare (NASDAQ: ACHC) has appointed Heather Dixon as its new CFO, effective July 10, 2023, succeeding David Duckworth who is stepping down. The company also reaffirmed its full year fiscal 2023 guidance.

Portfolio Pulse from Happy Mohamed

June 01, 2023 | 8:46 pm