Citigroup

Citi GPS Report: Economic and Social Mobility – The Role of Business in Improving Outcomes

Retrieved on: 
Wednesday, June 28, 2023
Banking, Professional Services, Finance, Pressure, Employment, Education, COVID-19, Business, Social capital, Citigroup, Social mobility, Social, ESG, Role, Nursing

Citi released a new Global Perspectives & Solutions (Citi GPS) report titled Economic and Social Mobility – The Role of Business in Improving Outcomes .

Key Points: 
  • Citi released a new Global Perspectives & Solutions (Citi GPS) report titled Economic and Social Mobility – The Role of Business in Improving Outcomes .
  • Although socioeconomic diversity lags race and gender on corporate diversity agenda, employers are playing a significant role in improving economic and social mobility.
  • This report builds on our previous body of work addressing issues of equality by outlining the benefits that a stricter focus on social mobility could yield at multiple levels.
  • Previous Citi GPS reports have underlined the economic imperative for gender and racial equality.

Huntington Names Vijay Konduru Chief Marketing Officer

Retrieved on: 
Tuesday, June 27, 2023
Huntington's disease, University, Marketing, Culture, OH, Intelligence, University of Pennsylvania, CMO, Huntington Bancshares, Wharton School of the University of Pennsylvania, Citigroup, Acquisition, Purdue University, Growth, Discover Financial, Management, COLUMBUS

COLUMBUS, Ohio, June 27, 2023 /PRNewswire/ -- The Huntington National Bank ("Huntington") has welcomed Vijay Konduru as executive vice president, chief marketing officer (CMO).  In this role, Konduru will lead Huntington's marketing organization, overseeing the bank's marketing strategy and long-term vision. He will be accountable for competitive intelligence, marketing operations, transformation, digital marketing acquisition and customer communications in a manner that drives consistent business growth.

Key Points: 
  • Experienced leader brings strong track record in brand performance and growth, customer experience, and analytics
    COLUMBUS, Ohio, June 27, 2023 /PRNewswire/ -- The Huntington National Bank ("Huntington") has welcomed Vijay Konduru as executive vice president, chief marketing officer (CMO).
  • In this role, Konduru will lead Huntington's marketing organization, overseeing the bank's marketing strategy and long-term vision.
  • He will be accountable for competitive intelligence, marketing operations, transformation, digital marketing acquisition and customer communications in a manner that drives consistent business growth.
  • Konduru most recently served as chief marketing officer and head of customer success for Extra Card.

Impactful TMCF Programming Helping Companies Exceed DEI Goals

Retrieved on: 
Tuesday, June 27, 2023
Thurgood Marshall College Fund, North Carolina A&T State University, Student, Mondelez International, Aramark, Face, Information technology, Alabama State University, HBCU, Culture, Jackson State University, Workplace, Kiewit Corporation, Tears, Historically black colleges and universities, Albany State University, Head, McKinsey & Company, Capital One, Future, Citigroup, Medtronic, Walking, Acquisition, Lowes, NBA, Corporation, Happiness, Knowledge, DEI, Nnaji, Management, Nursing, Boeing, Black, Kiewit

By creating a diverse talent pipeline for corporate hiring managers seeking to advance their DEI goals but not recruit at HBCU campuses, TMCF's targeted programming provides a one-stop shop solution for hiring and retention strategies.

Key Points: 
  • By creating a diverse talent pipeline for corporate hiring managers seeking to advance their DEI goals but not recruit at HBCU campuses, TMCF's targeted programming provides a one-stop shop solution for hiring and retention strategies.
  • TMCF has built a framework to accelerate societal change while helping companies gain a competitive edge.
  • These programs create a win-win for companies and students, offering new opportunities to advance toward their job and hiring goals.
  • “Part of our responsibility here at TMCF is to create opportunities so that when students graduate, they walk into a career,” TMCF President & CEO Dr. Harry Williams said.

James Harris Joins DBOE, Shaping the Future of Decentralised Options Trading

Retrieved on: 
Tuesday, June 27, 2023
Crypto, Partnership, Web3, Head, Risk management, Decentralized finance, Citigroup, Acquisition, Capital, Standard Chartered, Growth, Commercial, SIX, Cryptocurrency

Singapore, June 27, 2023 (GLOBE NEWSWIRE) -- The DBOE (DeFi Board Options Exchange) proudly welcomes James Harris as an advisor, marking a significant milestone in the advancement of decentralised options trading.

Key Points: 
  • Singapore, June 27, 2023 (GLOBE NEWSWIRE) -- The DBOE (DeFi Board Options Exchange) proudly welcomes James Harris as an advisor, marking a significant milestone in the advancement of decentralised options trading.
  • DBOE stands as a secure and capital-efficient platform, set to revolutionise custodial services through decentralised option trading.
  • Harris commends DBOE's commitment to providing a secure, capital-efficient platform for decentralised option trading and its innovative approach to addressing the over-collateralisation challenge in the DeFi space.
  • Traders can anticipate a seamless experience with decentralised, secure, and efficient options trading aligned with Web3 principles.

Base Carbon Announces Credit Issuance and Revenues From Water Purifiers

Retrieved on: 
Tuesday, June 27, 2023
Carbon, Pitch-based carbon fiber, Sale, The Company, Water, Project, NEO, Renewable energy, Citigroup

TORONTO, June 27, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal, and related climate action projects, announced today that it has received revenues from the sale of 95,318 carbon credits generated from the water purifier component of the Vietnam Household Devices Project (the “Project”) pursuant to its agreement with Project developer, Sustainability Investment Promotion and Development Joint Stock Company (“SIPCO”), and offtake arrangement with the Citigroup Global Markets Limited (“Citigroup”).

Key Points: 
  • TORONTO, June 27, 2023 (GLOBE NEWSWIRE) -- Base Carbon Inc. (NEO: BCBN) (OTCQX: BCBNF) ("Base Carbon", or the "Company"), a financier of emission reduction, removal, and related climate action projects, announced today that it has received revenues from the sale of 95,318 carbon credits generated from the water purifier component of the Vietnam Household Devices Project (the “Project”) pursuant to its agreement with Project developer, Sustainability Investment Promotion and Development Joint Stock Company (“SIPCO”), and offtake arrangement with the Citigroup Global Markets Limited (“Citigroup”).
  • As previously disclosed, Base Carbon facilitated a carbon credit offtake agreement between Citigroup and SIPCO, developer of the Project, related to the initial 7.4 million carbon credits issued from the Project.
  • Base Carbon has now received full payment associated with delivering the initial 95,318 water purifier generated carbon credits to Citigroup.

Nextracker Announces Launch of Offering of Class A Common Stock

Retrieved on: 
Monday, June 26, 2023
Other Energy, Technology, Other Technology, Alternative Energy, Energy, Software, Hardware, BNP PARIBAS, Common stock, HSBC, Inc., PJT Partners, Barclays Capital Inc. v. Theflyonthewall.com, Inc., Telephone, BofA Securities, SMBC Nikko Securities, J.P. Morgan & Co., Sale, TPG, KeyBank, Prospectus, NXT, Citigroup, Roth Capital Partners, Scotiabank, Broadridge Financial Solutions, Common, Security (finance), Barclays

Nextracker Inc. (Nasdaq: NXT), a global market leader in utility-scale solar trackers, announced today that it has launched a proposed underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker.

Key Points: 
  • Nextracker Inc. (Nasdaq: NXT), a global market leader in utility-scale solar trackers, announced today that it has launched a proposed underwritten offering of 14,210,511 shares of its Class A common stock (“Common Stock”) offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker.
  • The underwriters of the offering will also have a 30-day option to purchase up to 1,650,000 additional shares of Common Stock from Nextracker and such selling stockholders.
  • On June 23, 2023, the last reported sale price of Nextracker’s Common Stock on the Nasdaq Global Select Market was $38.63 per share.
  • The Common Stock may not be sold, nor may offers to buy any Common Stock be accepted, prior to the time the registration statement becomes effective.

Everest Appoints FBI Cyber Veteran Don Good as Chief Information Security Officer

Retrieved on: 
Monday, June 26, 2023
Professional Services, Insurance, Finance, Pennsylvania State University, LaSalle College, FTI Consulting, Ernst & Young, Risk management, Intelligence, Organization, NYSE, Business administration, Risk, Citigroup, FBI, FBI Cyber Division, Federal Bureau of Investigation, Master of Business Administration, Computer science, Navigant Consulting

Everest Re Group, Ltd. (NYSE: RE), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, has appointed FBI cyber veteran Don Good as Chief Information Security Officer, effective immediately.

Key Points: 
  • Everest Re Group, Ltd. (NYSE: RE), a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, has appointed FBI cyber veteran Don Good as Chief Information Security Officer, effective immediately.
  • He will report to Srini Maddineni, Everest’s Group Chief Information Officer, and will be based in Warren, NJ.
  • This includes 21 years at the United States Federal Bureau of Investigation, where he was most recently Deputy Assistant Director of its Cyber Division, responsible for all national security and criminal cyber investigations as well as cyber threat intelligence.
  • “Don is a tremendous asset to our global organization,” said Jim Williamson, Everest’s Group Chief Operating Officer and Head of Reinsurance.

Nextracker Announces Launch of Offering of Class A Common Stock

Retrieved on: 
Monday, June 26, 2023
BNP PARIBAS, Common stock, HSBC, PJT Partners, Barclays Capital Inc. v. Theflyonthewall.com, Inc., Telephone, BofA Securities, SMBC Nikko Securities, J.P. Morgan & Co., FLEX, Sale, TPG, KeyBank, Prospectus, Citigroup, Roth Capital Partners, Scotiabank, Barclays, Broadridge Financial Solutions, Common, Security (finance)

AUSTIN, Texas, June 26, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ: FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), has launched a proposed underwritten offering of 14,210,511 shares of Nextracker's Class A common stock ("Common Stock") offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker.

Key Points: 
  • AUSTIN, Texas, June 26, 2023 /PRNewswire/ -- Flex Ltd. (NASDAQ: FLEX) announced today that its subsidiary, Nextracker Inc. ("Nextracker"), has launched a proposed underwritten offering of 14,210,511 shares of Nextracker's Class A common stock ("Common Stock") offered by Nextracker and 2,289,489 shares of Common Stock offered by certain stockholders of Nextracker.
  • The underwriters of the offering will also have a 30-day option to purchase up to 1,650,000 additional shares of Common Stock from Nextracker and such selling stockholders.
  • Nextracker expects to use all of the net proceeds from the offering of 14,210,511 shares of Common Stock by Nextracker to purchase 14,210,511 Nextracker LLC common units from Yuma, Inc., our indirect wholly-owned subsidiary, and TPG Rise Flash, L.P., an affiliate of the global alternative asset management firm TPG.
  • The Common Stock may not be sold, nor may offers to buy any Common Stock be accepted, prior to the time the registration statement becomes effective.

Mercury Systems to Focus on Enhanced Execution of Strategic Plan Under Refreshed Leadership Team

Retrieved on: 
Friday, June 23, 2023
Interim, Mercury Systems, Senior, MRCY, Confidentiality, Sale, Goldman Sachs, Citigroup, Annual general meeting, Interim management, Eve Air Mobility, CFO, United, Independent, Management, Mercury

ANDOVER, Mass., June 23, 2023 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (the “Company” or “Mercury”) (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers processing power for the most demanding aerospace and defense missions, today announced that following a comprehensive review of strategic alternatives, the Board of Directors of Mercury (the “Board”) has determined that enhanced execution of the Company’s strategic plan under a refreshed leadership team represents the best path forward to drive value creation for all stakeholders at this time. In connection with this determination, the Company also announced a series of leadership and Board changes, including the initiation of a President and Chief Executive Officer transition, the appointment of a new independent director, and the identification of a second new independent director and a permanent Chief Financial Officer.

Key Points: 
  • Following a comprehensive review of strategic alternatives, during which we engaged with multiple interested parties, the Board ultimately determined that accelerated and focused execution of our strategic plan, under the guidance of a recently refreshed Board and leadership team, represents the best path forward for the Company.
  • Mr. Ballhaus succeeds Mark Aslett, who has resigned from his role as President and CEO of the Company.
  • The proposals ultimately received did not yield options for a sale that would reflect the intrinsic value of the Company.
  • Accordingly, the independent members of the Board unanimously determined to conclude the sale process and instead focus on all potential opportunities to create value, including through the enhanced execution of the Company’s strategic plan under refreshed leadership.

Heidrick & Struggles Names Partner in Charge of Tel Aviv Office

Retrieved on: 
Friday, June 23, 2023
Artificial intelligence, North West Regional Leaders Board, Data Analytics Library, Citigroup, Heidrick & Struggles, Management

LONDON, June 23, 2023 /PRNewswire/ -- Heidrick & Struggles (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions, named Cheli Nachman as partner in charge of its Tel Aviv, Israel office in May 2023.

Key Points: 
  • LONDON, June 23, 2023 /PRNewswire/ -- Heidrick & Struggles (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions, named Cheli Nachman as partner in charge of its Tel Aviv, Israel office in May 2023.
  • Cheli Nachman joined the Tel Aviv office as a partner in the Technology practice and will lead the Israeli office.
  • She specializes in cybersecurity, data & analytics, artificial intelligence, enterprise software, industrial technology, and financial technology executive search work.
  • Previously, Cheli was human resources vice president at Citigroup, then a senior partner at an Israeli boutique search firm.