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PrimeOne Insurance Company Names Eric Jarvis as COO

October 13, 2020

SALT LAKE CITY, Oct. 13, 2020 /PRNewswire/ — PrimeOne Insurance Company today named Los Angeles-based Eric Jarvis as its Chief Operating Officer. He will report directly to David Thorson, Chairman and President of PrimeOne.

“Eric has demonstrated operational and executive management skills that will be sure to benefit PrimeOne,” said Thorson. “We are looking forward to utilizing his experience and talents to ensure the continued success of PrimeOne.”

Jarvis stated, “I am pleased to be working with Dave and the PrimeOne team. I’ve devoted my career to creating results-driven outcomes, and am eager to be a part of the realization of PrimeOne’s strategies of customer service, financial strength, and sustainable growth.”

Mr. Jarvis brings 21 years of experience in the insurance industry, most recently the head of the consulting firm Elevate Management, Inc. He previously led KnightBrook Insurance Company and the Knight Insurance Group. Mr. Jarvis is

Berkshire Hathaway Specialty Insurance Names Louise Kidd Head of Third Party Lines in Ireland

October 12, 2020

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Berkshire Hathaway Specialty Insurance (BHSI) today announced that Louise Kidd has joined its growing European team as Head of Third Party Lines in Ireland.

“As our Irish team continues to expand, we are delighted to have Louise leading our efforts to bring proven underwriting acumen and service to the third-party risks of customers throughout Ireland,” said Hilary Browne, Country Manager, Ireland, and Head of Casualty, UK & Europe. “Her deep expertise in both Executive & Professional and Casualty Lines will fuel our ongoing growth and lasting partnerships with customers and brokers in the region.”

Louise comes to BHSI with nearly two decades of industry experience with a focus on third-party lines. She was most recently Financial Institutions and Commercial Professional Indemnity Underwriting Manager for AIG in Europe. Prior to that she held various positions including Head of Financial Lines Ireland. She holds an honours degree in Financial Services from John

Tesco Names a Former Mondelez Executive as CFO

October 7, 2020

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U.K. grocer

Tesco

PLC named a former

Mondelez International Inc.

executive to lead its finances as Britain’s largest grocery chain by market share navigates an economic slowdown and the country’s exit from the European Union.

The company Wednesday appointed Imran Nawaz as chief financial officer, effective April 2021. Mr. Nawaz has a record of working for food and consumer-goods companies, including most recently as CFO of

Tate & Lyle

PLC, a British supplier of food-and-beverage ingredients.

Before joining Tate & Lyle in 2018, Mr. Nawaz spent nearly a decade working for Mondelez, including as senior vice president finance in Europe and vice president finance for the company’s chocolate business. He also held several roles with Kraft Foods Group before its merger with

H.J. Heinz Co.

and with

Philip Morris International

Ecuador names economist Pozo as finance minister after Martinez resigns

October 7, 2020

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Adds comments from new finance minister

QUITO, Oct 7 (Reuters) – Ecuador on Wednesday named economist Mauricio Pozo as the Andean country’s finance minister to replace Richard Martinez, who resigned after carrying out a successful bond restructuring plan and negotiating a loan with the International Monetary Fund.

Pozo, who previously served as finance minister from 2003 to 2004 under President Lucio Gutierrez, said he will focus on economic reactivation and strengthening Ecuador’s dollarization.

“I want to promote dialogue on the reforms that the country needs,” Pozo said during an event with Martinez and Ecuador’s President Lenin Moreno. “The country is in an adjustment process and it is only fair that it also have a recovery process.”

Martinez, who is leaving to work for the Inter-American Development Bank, recently completed a $6.5 billion financing agreement with the IMF. He also led the renegotiation of some $17.4 billion in sovereign bonds

UK Finance names ex-Barclays banker chief executive

October 7, 2020

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Banking lobby group UK Finance has named former Barclays executive David Postings its new chief executive, replacing its former leader after he was forced to step down over derogatory remarks he had previously made about a female financier.

Mr Postings, who was already a non-executive director of the trade body, will take the top role in January. After holding senior positions at Barclays in the 1990s, he joined Lloyds as managing director of its commercial bank. Most recently, he was chief executive of Bibby Financial Services, the UK’s largest independent factory company, until he stepped down last month.

His predecessor Stephen Jones resigned from UK Finance in June after inappropriate remarks he made about financier Amanda Staveley resurfaced in a legal case she brought against his former employer, Barclays. Mr Jones has apologised for his comments, which were made in 2008.

The change of leadership comes at an important time

Papa John’s Names Ann Gugino As New Chief Financial Officer

October 5, 2020

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uncaptioned — © 2018 Bloomberg Finance LP

Papa John’s has appointed Ann Gugino as chief financial officer, effective as of today, October 5. Gugino brings with her over 20 years of experience in financial management, planning and strategic expertise, including in the consumer and retail sector.

In her new role on Papa John’s executive leadership team, Gugino will help the pizza restaurant franchise build and implement long-term plans for growth. Steve Coke, who has been the interim principal financial and accounting officer since the departure of former CFO Joe Smith, will remain in his role as vice president of investor relations and strategy.

Prior to her appointment at Papa John’s, Gugino was senior vice president of financial planning and analysis at Target, a position she had held since May 2018. While at Target, she directed the retail giant’s planning, analysis and capital investment portfolios. Previously, she spent 18 years at Patterson Companies

Home Depot Names Merchandising Chief Decker President and COO

October 2, 2020

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Home Depot (HD) – Get Report named a new president and chief operating officer — Edward Decker, who currently is its executive vice president of merchandising.

Decker, 57, earlier had held the post of senior vice president of retail finance, pricing analytics, and assortment planning at the Atlanta home-improvement chain. He joined Home Depot in 2000. The president and COO positions are new at Home Depot.

Home Depot shares recently traded $276.56, down 0.4%, on a down day on Wall Street. The stock has advanced 55% over the past six months as consumers, locked down during the pandemic, put a lot into fixing up their homes.

In addition to Decker’s appointment, Ann-Marie Campbell has been named executive vice president of U.S. stores and international operations. She adds responsibility for all operations, business functions and strategy for the Canada and Mexico businesses.

And Jeff Kinnaird has been named executive

In Continued Leadership Shake-Up, Red Bull Names New CMO After Racism Controversy

October 1, 2020

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Red Bull today confirmed to Adweek that it has named Ken Turner to executive vice president and chief marketing officer for its North American operations. The move makes Turner the highest-ranking Black executive at the company.

According to reports by Business Insider, which first published the news, the energy drink brand has laid off around 50 employees in the past several weeks, largely from its culture marketing teams, which oversee projects related to hip-hop music and break-dancing culture. Red Bull did not respond to Adweek’s request for comment regarding the layoffs, but did not dispute the Business Insider story.

These latest changes come after a tumultuous summer for the brand, which began with a racism controversy following the police killing of George Floyd on May 25 in Minneapolis. In the aftermath of Floyd’s death and in the midst of widespread protests against police brutality and systemic racism, 300 employees signed

Singtel names insider as new group CEO amid sector slump

October 1, 2020

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Recasts with comments

SINGAPORE, Oct 1 (Reuters) – Singapore Telecommunications Ltd STEL.SI appointed an insider as its new group CEO on Thursday amid a challenging time for the industry, saying its current chief will retire in January after 13 years at the helm.

Singtel said its board had chosen Yuen Kuan Moon, the CEO of its Singapore consumer business, to replace Chua Sock Koong, 63, who will stay on as a senior adviser to the chairman to assist with the transition.

Yuen, 53, has been with Singtel since 1993 and is also its group chief digital officer.

He takes over as the company, which gets the bulk of its business outside Singapore, has been hit by intensifying competition in overseas markets such as India and Australia.

At a virtual news conference on Thursday, Chairman Lee Theng Kiat said Yuen was chosen after a global search that considered internal and

N.C. Man Received $1.7 Million In PPP Loans For Fake Businesses Using ‘Game Of Thrones’ Names

September 30, 2020

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Topline

A North Carolina man is facing federal fraud charges after allegedly receiving more than $1.7 million in Paycheck Protection Program loans for fake businesses with names based on the TV show “Game of Thrones.”

One Hundred Dollar Bill With Medical Face Mask on George Washington — getty

Key Facts

The U.S. Department of Justice has charged 38-year-old Tristan Bishop Pan, or Garner, North Carolina, with wire fraud, bank fraud and engaging in unlawful monetary transactions for taking money from a program intended to help out small businesses struggling due to the coronavirus pandemic.

Prosecutors say Pan used business names like White Walker, Khaleesi and The Night’s Watch to receive PPP loans using false tax filings and false statements regarding employees and payroll expenses.

The federal government approved more than $1.7 million in loans for Pan, who prosecutors say had sent 14 applications seeking a total of more than $6.1 million from the government.

Some of the money has since been seized,

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