Fiserv's shares dropped over 40% after missing earnings targets, lowering its revenue and profit forecasts, and announcing leadership changes and a move back to Nasdaq to recover from a significant decline.
Frank Bisignano has been appointed as the CEO of the IRS, a newly created position, while continuing his role as Social Security Administration Commissioner, raising concerns about leadership conflicts and oversight among advocates and officials.
Frank Bisignano, the Social Security Administration Commissioner, has been appointed as the CEO of the IRS, a newly created role, while continuing his SSA duties, raising concerns among advocates about potential conflicts and leadership gaps at the agencies amid ongoing leadership changes in the Trump administration.
Microsoft appoints Pavan Davuluri to lead the Windows and Surface teams, while Windows exec Mikhail Parakhin is transitioning to explore new roles within or outside the company. This move follows the recent establishment of a new AI unit led by Mustafa Suleyman. The reshuffle comes after the departure of Panos Panay, and it reflects Microsoft's ongoing efforts to navigate the evolving tech landscape and strengthen its position in AI and web services.
JPMorgan Chase CEO Jamie Dimon has made significant leadership changes, positioning potential successors Jennifer Piepszak and Marianne Lake in key roles within the bank. The reorganization also highlights Daniel Pinto as an immediate candidate for the CEO role. The move comes as JPMorgan reports record profits and speculation continues about Dimon's eventual retirement. The bank's succession plan remains a topic of interest, with the challenge of retaining top talent and ensuring a smooth transition of power.
JPMorgan Chase's recent leadership shuffle has positioned potential successors to CEO Jamie Dimon, signaling a potential changing of the guard at the top of the finance industry giant. The move comes as Dimon, who has led the bank for over 15 years, has hinted at his eventual retirement, prompting speculation about who will take the helm.
JPMorgan Chase announces leadership changes as potential successors to CEO Jamie Dimon are given new or expanded roles, with Jennifer Piepszak and Marianne Lake taking on key positions. The long-running succession race at the nation's largest bank continues, with no clear frontrunner emerging, and uncertainty surrounding Dimon's retirement plans. The shuffle also involves the consolidation of business divisions and the transition of key executives, including Daniel Pinto relinquishing his CEO title while remaining the bank's president and COO.
Eli Lilly's president of Diabetes and Obesity, Mike Mason, will retire at the end of December after a 34-year career at the company. He will be replaced by Patrik Jonsson, the president of Immunology, starting on January 1. This leadership shuffle comes as Eli Lilly anticipates FDA approval for its diabetes drug Mounjaro as a weight loss treatment.