Kerala-based non-banking financial company (NBFC) Manappuram Finance on Friday, August 1, announced that it has appointed Deepak Reddy as the company’s new CEO. Reddy assumed responsibilities on August 1, and will report to VP Nandakumar, who had been serving as the managing director and CEO but will now continue solely as the MD. Reddy will
Los Angeles-based Kingswood Capital Management, LP and Performance Investment Partners, LLC (PIP), also based in Los Angeles, have announced they have completed the acquisition of The Vitamin Shoppe, a leading pure-play omnichannel retailer of vitamins and nutritional supplements, from Franchise Group, Inc. As part of the transaction, Sharon Leite, who previously served as chief executive
Warren Buffett said he would step down as Berkshire Hathaway’s CEO after 55 years, eliciting tributes from investors and business leaders. Buffett, 94, made the announcement on Saturday during the company’s annual shareholder meeting in Omaha, Nebraska. The crowd gave Buffett two standing ovations, acknowledging his career as the longest-serving chief executive of an S&P