Michelle Sobrino-Stearns, CEO and Group Publisher of Variety, is stepping down after 28 years to pursue a startup fashion venture. Dea Lawrence will become co-president and publisher, while Ramin Setoodeh is named co-president, continuing his role as co-EIC. The leadership transition marks a new chapter for the historic entertainment news brand, which has undergone significant growth and innovation under Sobrino-Stearns' tenure.
Christian Klein, who started as a 15-year-old intern at SAP and became its CEO, has led a major transformation of the company, making it Europe's most valuable firm with a market value of $350 billion by focusing on cloud computing and AI, despite internal challenges and restructuring efforts.
Wells Fargo has announced that the Federal Reserve has removed the growth limits on its assets imposed in 2018 after the company met all required conditions, marking a significant milestone in its transformation. The bank also announced a $2,000 special award for all full-time employees as recognition of their contributions during this period of change.
