PNC Financial Group began staff reductions that will decrease its workforce by 4%. The move is expected to reduce the company’s 2024 expenses by $325 million at a time when it is focused on expense management, “particularly in the current environment,” PNC Financial Group Chairman,...
Stablecoin provider Tether has appointed its chief technology officer, Paolo Ardoino, as its new CEO, effective from December. Ardoino will succeed Jean-Louis van der Velde, who will transition to an advisory role for the company while retaining his position as CEO for cryptocurrency exchange Bitfinex, Tether said in a Friday...
Walmart named ex-Shipt executive Rina Hurst as vice president of its GoLocal delivery platform. Hurst will oversee the strategic direction, operations and general management of Walmart GoLocal as it continues its goal of bringing retailers same-day delivery, according to a Monday (Oct. 9) press release....
Verifone appointed Fiserv executive Himanshu Patel as its new CEO effective Nov. 1. Patel succeeds Mike Kohlsdorf, who has been CEO since August, the global provider of payment solutions said in a Tuesday (Oct. 10) press release. Kohlsdorf will remain on Verifone’s board of directors....
Citigroup has reportedly taken some of the early steps in its previously announced reorganization. The bank is currently reviewing staff rosters to determine who will be retained, reassigned or laid off in November, Reuters reported Wednesday (Oct. 4), citing a global memo to staff it has seen. Reached...
British digital bank Monzo has named Conor Walsh to head its U.S. operations. Walsh, a veteran of Cash App, was named the bank’s U.S. CEO on Wednesday (Oct. 4), according to a news release provided to PYMNTS. “I’m delighted to welcome Conor to lead our strategy and growth in the...
Blockchain analytics firm Chainalysis made a 15% reduction in its workforce. The move came in response to market conditions, the company said in a statement provided to PYMNTS Tuesday (Oct. 3). “While Chainalysis continues to be well positioned for long-term success as a consistently top-performing...
Walgreens Boots Alliance has experienced the latest shakeup in its leadership team, with Chief Information Officer (CIO) Hsiao Wang departing from the company about a year after assuming the role. Wang had been on a leave of absence but is no longer with the drugstore chain, Bloomberg reported Monday...
GameStop has named Chewy co-founder Ryan Cohen as its president, CEO and chairman. Cohen, who had been executive chairman at GameStop, relinquished that title when taking on the new roles, the video game retailer said in a Thursday (Sept. 28) filing with the Securities and...
