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Incoming Walmart chief executive John Furner started at the mega retailer as an hourly employee stocking shelves. Now, the largest U.S. company by revenue is counting on him to guide it through its next chapter. CEO Doug McMillon on Friday announced his retirement after a decade as leader of the No. 1 company on the … Read more
Sanae Takaichi listens to a question after visiting the Yasukuni shrine to honour the war dead durig the shrine’s spring festival in Tokyo on April 23, 2015. Toshifumi Kitamura | Afp | Getty Images Having won the presidency of Japan’s ruling Liberal Democratic Party, Sanae Takaichi is on the verge of becoming the country’s first … Read more
Good morning. Cisco Systems, long anchored in its networking hardware business—selling routers, switches, and other infrastructure products—has repositioned itself to meet surging enterprise demand for AI infrastructure. Its new chief financial officer, Mark Patterson, is now at the center of that strategy. The San Jose–based communications giant (No. 83 on the Fortune 500) reported earnings on Wednesday for … Read more
Donatella Versace, the visionary who steered the Versace brand through triumph and tragedy, has stepped down as chief creative officer, Versace’s U.S. owner Capri Holdings announced on Thursday, March 13. Donatella will become chief brand ambassador, while Miu Miu’s former design and image director, Dario Vitale, has been appointed chief creative officer, effective April 1. … Read more
The legendary 94-year-old investor Warren Buffett wrote to Arnault after LVMH raised its retirement age to 80 in 2022, saying the age limit was much too conservative. Read More
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