Streetbeat News

Labor Issues

DAL

During a conference call, a Delta Air Lines executive stated that pilot hiring has stabilized, allowing for an increase in the capacity expected to be flown over the summer.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:18 pm

WIT

Wipro Limited (NYSE:WIT) announced the appointment of Malay Joshi as the CEO of Wipro Americas 1 Strategic Market Unit, effective immediately. Malay, who has been with Wipro since 1996, succeeds Srini Pallia, the new CEO and Managing Director of Wipro Limited. Malay's previous role involved leading one of Wipro's largest business units, contributing to significant CAGR over a decade. His extensive experience in various leadership roles and deep industry knowledge are highlighted as key factors for his appointment. Malay will also join the Wipro Executive Board and will be based in New York City.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 2:10 pm

NEON

Neonode Inc. announced the immediate departure of CEO Urban Forssell. CFO Fredrik Nihlén will serve as interim CEO. Forssell will be a strategic advisor until end of 2024. This follows Neonode's strategy shift to focus on licensing business and phase out its Touch Sensor Module product business.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:24 pm

LAW

CS Disco, Inc. (NYSE:LAW) announced the appointment of Eric Friedrichsen as its new CEO, succeeding Scott Hill, who will become Board Chair. Friedrichsen, a seasoned technology veteran, is expected to lead DISCO into its next growth stage, leveraging his experience in scaling businesses and building strong company cultures. Hill will assist in the transition until May 11, 2024, and Friedrichsen will start on April 29, 2024. Friedrichsen's prior roles include CEO of Emburse, LLC, and leadership positions at Marketo Inc. and SAP.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 1:03 pm

BCOV

Brightcove (NASDAQ:BCOV), a leading streaming technology company, announced the immediate appointment of John Wagner as Chief Financial Officer (CFO). Wagner, with over two decades of experience in the technology sector, including a successful IPO with EverQuote, will oversee Brightcove's global financial operations. His appointment is expected to bolster Brightcove's financial strategy and operations, supporting its growth and profitability.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 12:31 pm

CCG

Cheng Zhong has resigned as Co-CEO of Cheche Group (CCG) for personal reasons, with no disagreements cited. Lei Zhang will continue as the sole CEO.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:54 pm

SKIN

The Beauty Health Company (SKIN) and COO Brad Hauser have mutually agreed to terminate Hauser's employment without cause, effective April 9, 2024. Hauser will stay in an advisory role until June 30, 2024. His departure is not due to any disagreements on financial reporting, operations, policies, or practices.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:27 pm

HXL

Hexcel Corporation announced the appointment of Thomas C. Gentile as CEO & President, effective May 1. Nick Stanage will transition to Executive Chairman until his retirement on December 31, 2024. Gentile is also expected to join the Board of Directors after the annual shareholder meeting on May 2.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:12 pm

HNST

Jessica Alba, founder of The Honest Company, is stepping down from her role as Chief Creative Officer but will continue as an advisor and board member. This marks a significant transition for the company as it navigates its future direction.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 8:10 pm

SPY

Fed's Bostic mentioned the possibility that rate cuts could be pushed even further out, indicating that businesses currently do not expect significant damage to the labor market despite slowing demand. This statement suggests a cautious approach to monetary policy adjustments.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 7:29 pm