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Corporate Responsibility

ENLC

XOM

ExxonMobil, following its acquisition of Denbury, is exploring market-competitive CCS solutions across the Gulf Coast with EnLink Midstream. They are reassessing the Pecan Island Area project, indicating other joint opportunities may take precedence.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 10:08 pm

GTN

Gray Television Inc. (GTN) announced CFO Jim Ryan's decision to retire after 2025, with Jeff Gignac, currently at Wells Fargo Securities, set to succeed him. Gignac will join Gray as Executive Vice President, Finance, in April 2024, and become CFO in July 2024. Ryan, who joined Gray in 1998, played a key role in the company's growth and acquisitions. Gignac, with a 20-year career at Wells Fargo and expertise in finance within the TMT industries, is expected to lead Gray's finance functions towards further growth and balance sheet management.

Portfolio Pulse from Happy Mohamed

February 20, 2024 | 9:56 pm

ARVN

Arvinas, Inc. (NASDAQ:ARVN) announced a CFO transition with Sean Cassidy leaving on February 29, 2024, and Randy Teel, Ph.D., taking over as interim CFO. Cassidy's departure comes after over a decade with Arvinas, a biotech firm focusing on targeted protein degradation. The company is conducting a search for Cassidy's permanent replacement. Arvinas has four clinical trial programs and expects its financial resources to support operations into 2027.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:44 pm

HUBC

Hub Cyber Security has announced that Lior Davidson has taken on the role of Interim CFO as of February 16.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:40 pm

IFF

International Flavors & Fragrances (IFF) announced a significant reduction in its expected quarterly dividend, cutting it by approximately 50% to $0.40 per share. This adjustment reflects a new dividend policy set by the company's Board of Directors and management team. The revised dividend will be payable on April 10, 2024, to shareholders of record as of March 22, 2024.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:28 pm

ESRT

Empire State Realty Trust, Inc. (ESRT) announced the promotion of Christina Chiu to President and Stephen V. Horn to Chief Financial Officer & Chief Accounting Officer. Anthony E. Malkin will continue as Chairman and CEO. Chiu's promotion is in recognition of her contributions and leadership, while Horn's promotion reflects his capabilities and potential. Both have been instrumental in ESRT's success.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:24 pm

AAPL

Apple Inc. has made a significant change in its leadership, with Gary Geaves stepping down as the vice president in charge of acoustics. He has been instrumental in the development of key products like AirPods and HomePod. Ruchir Davé, previously Geaves' top deputy, will take over the role. This move could signal a shift in strategy or focus within Apple's hardware team responsible for audio features on various products.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:31 pm

KO

Coca-Cola has announced that it does not expect international conflicts to materially impact its operational results. For the year 2023, the company recorded other operating charges amounting to approximately $2 billion.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:54 pm

C

Citigroup CFO Mark Mason reported positive activity in equities, fixed income, currencies, and commodities, expecting continued loan growth, especially in credit cards. The expense guidance includes $700M-$1B for reorganization and severance, emphasizing that transformation and risk control investments will not be compromised.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 6:48 pm

ACB

Aurora Cannabis shares are trading lower due to a transition in the CFO position.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 5:55 pm