Corporate Plan Update :: Exxon Mobil Corporation (XOM) Isna, July 12, 2024 Corporate Plan Update (December 6, 2023) ExxonMobil gave an update to its Corporate Plan through 2027, reflecting continued execution of its strategy to provide the products society needs and to lower emissions, both its own and others’. In a presentation to investors, ExxonMobil Chairman and Chief Executive Officer Darren Woods and Chief Financial Officer Kathy Mikells highlighted that: ExxonMobil’s Corporate Plan more than doubles potential earnings from 2019 to 2027 – and the company remains on track to deliver an additional ~$14 billion of earnings and cash flow growth over the next four years The company expects its … Continue Reading
But a trio of 20-something entrepreneurs refused to quit and now run a $16.7 billion investment firm Isna, July 10, 2024 Chris Hulatt was a trainee fund manager on Mercury Asset Management’s (now Merrill) grad program when he met Simon Rogerson and Guy Myles. At the turn of the millennium, the trio went on to found Octopus Group, the parent company of six financial and energy firms. Looking back, it’s hard to believe that three twentysomethings created the hugely successful business on a whim. But that’s precisely what happened—with some help from what they now call the ‘Terminator gene’. “Everyone thought we were totally mad,” Hulatt recalls of the moment he and his co-founders dropped out of the grad program to … Continue Reading
Public sector banks told to spell out 3-year business plans by March-end Isna, July 1, 2024 The government has directed state-owned banks to submit their business plans until 2026-27 by the end of this month, said, adding that these plans will be assessed on a quarterly basis by the government-nominated directors on the boards of the banks .The business plans will cover strategies to increase low-cost deposits, raise capital, resolve bad loans, improve cybersecurity and undertake financial inclusion outreach, said a senior government official. “In addition to the quarterly review by the government nominee, there will be mid-year and annual reviews by the finance ministry to assess the performance of the lenders and ensure corrective … Continue Reading
“The Leading Sustainable and Regional Bank” by 2026 Isna, June 29, 2024 February 1, 2024 Bangkok (1 February 2024) – Krungsri (Bank of Ayudhya PCL and its business units), a member of Mitsubishi UFJ Financial Group (MUFG), one of the world’s largest financial groups, announced its new Medium-Term Business Plan (MTBP) covering 2024-2026 with an aspiration to be The Leading Sustainable and Regional Bank. Krungsri prioritizes three key focuses: enhancing its dedication to sustainable banking practices, connecting its strong ASEAN presence and MUFG network to serve domestic and international markets, and growing its core business. Mr Kenichi Yamato, Krungsri President and Chief Executive Officersaid, “Last year marked the 10thth anniversary … Continue Reading