Fresh stories
After two decades at the helm, G. Patrick Lynch is stepping down as chief executive of Northern Technologies International. The anti-corrosion manufacturer announced Tuesday that long-time company veteran Gautam Ramdas will assume the top role, marking a definitive shift in the leadership structure of the firm.
A $20 million milestone payment from Takeda Pharmaceuticals has triggered a strategic shift at Keros Therapeutics, as the clinical-stage biotech firm authorized a $5 million share repurchase program. The windfall follows the successful dosing of the first patient in the ELRiSE MDS clinical trial, which targets anemia treatments.
BJ's Wholesale Club Holdings is set to receive a $240 million windfall following the resolution of a long-standing antitrust battle over credit-card interchange fees. As a plaintiff in the class-action litigation, the retailer expects to record the pre-tax gain, net of legal costs, during its current fiscal third quarter.
Sarah Rubenstein is pivoting from her role as Clearway Energy’s chief financial officer to spearhead a major technological overhaul. Effective October 1, she will transition into the newly created position of head of the transformation office at the company’s controlling investor, Clearway Energy Group, focusing on automation and AI integration.
Jennifer Ryu will step into the role of chief financial officer at Xponential Fitness starting October 19, marking the end of a seven-month search for a permanent successor. Her appointment follows a period of interim leadership as the company navigates its latest phase of executive restructuring.
A 38% spike in avocado volume propelled Mission Produce to $450 million in third-quarter revenue, comfortably outpacing analyst expectations. While the company recorded a $6.5 million net loss due to one-time costs, the top-line growth signals a strong integration of its recent acquisition, Calavo Growers.