Shuffle Board: Spinnova's New CEO? Chairman of its Board [Yahoo! Finance]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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Source: Yahoo! Finance
Pornane, the Finnish fiber firm's co-founder, will continue to serve as the chair of the board upon reassuming the position of CEO. He now handles all of the group's businesses and will lead its management team. Following Tuomas Oijala 's resignation, the former CEO will continue supporting Poranen with strategy and depart by mid-September, as previously reported. Considering the “current development stage and special circumstances,” the company said, Spinnova will “deviate from recommendation No. 21 of the corporate governance code 2025, which concerns the separation of the roles of the CEO and chair of the board.” “Suzano's decision not to invest into the next steps of collaboration with Spinnova was disappointing , but it also opens new opportunities,” Poranen said. “We are aware of the challenges ahead, but the letters of intent signed last year showed that there is global demand and need for our solution.” More from Sourcing Journal H&M Hatches Plans to Create Digital Twins
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