SAP SE has extended the contract of its Chief People Officer Gina Vargiu-Breuer months after internal criticism of her department over what many employees described as a flawed bonus system. Vargiu-Breuer’s new contract runs through January 2030, SAP said in a statement on Friday. Her current term expires early next year. Vargiu-Breuer had overseen the roll-out of a new bonus system earlier this y...
SAP SE has extended the contract of its Chief People Officer Gina Vargiu-Breuer months after internal criticism of her department over what many employees described as a flawed bonus system. Vargiu-Breuer’s new contract runs through January 2030, SAP said in a statement on Friday. Her current term expires early next year. Vargiu-Breuer had overseen the roll-out of a new bonus system earlier this year that ended up rewarding underperforming managers while holding lower-ranking workers to a higher standard for their payouts. This prompted outcry from employees and leaders at the German software company, Bloomberg reported in February. Read More: SAP’s New Bonus System Rewarded Underperforming Bosses SAP’s Chief Executive Officer Christian Klein told Vargiu-Breuer’s team to rework the stock-based compensation after the complaints and the company set aside millions of euros to appease angered staff and make improvements to the system. SAP did not immediately comment on whether it had made the improvements. SAP Chairman Pekka Ala-Pietilä said Vargiu-Breuer had strengthened “how we attract, develop and lead our people” and the company was “convinced she will further drive SAP’s transformation into the age of AI,” according to a statement Friday. Klein is adapting SAP’s business model for the artificial intelligence era amid pressure from capital markets. He warned yesterday that the company’s AI transition would be as painful as its shift to the cloud. Vargiu-Breuer joined SAP in 2024 from Siemens Energy .
Designer said to be considering options for his 40% stake in fashion house ahead of negotiations with bank lenders Stefano Gabbana left his post as chair of Dolce & Gabbana at the start of this year, the design house he co-founded with his then partner, Domenico Dolce, in 1985 has said. The Italian luxury fashion house said Gabbana had tendered his resignation, effective as of 1 January, “as part ...
Designer said to be considering options for his 40% stake in fashion house ahead of negotiations with bank lenders Stefano Gabbana left his post as chair of Dolce & Gabbana at the start of this year, the design house he co-founded with his then partner, Domenico Dolce, in 1985 has said. The Italian luxury fashion house said Gabbana had tendered his resignation, effective as of 1 January, “as part of a natural evolution of its organisational structure and governance”. Continue reading...
Maurizio Paolo Grassi Eni ( E ) is investing $70M in Nouveau Monde Graphite ( NMG ), a Canadian firm focused on natural graphite, as part of NMG's larger $297M capital raise announced on Thursday. Eni ( E ) is expected to hold about 11.5% of the company and secure a board seat, alongside the option to negotiate exclusive supply agreements for graphite and related materials. The deal will give Eni ...
Maurizio Paolo Grassi Eni ( E ) is investing $70M in Nouveau Monde Graphite ( NMG ), a Canadian firm focused on natural graphite, as part of NMG's larger $297M capital raise announced on Thursday. Eni ( E ) is expected to hold about 11.5% of the company and secure a board seat, alongside the option to negotiate exclusive supply agreements for graphite and related materials. The deal will give Eni ( E ) access to natural graphite—an essential input for lithium-ion batteries used in energy storage and electric mobility—while positioning the company within the critical minerals value chain. Italy's energy company also signed a letter of intent for up to 15,000 tonnes per annum of graphite offtake. The proceeds will fund development of the Matawinie graphite mine and support operations across the supply chain, including refining at the Bécancour battery materials plant in Quebec. The deal is subject to approval from Nouveau Monde Graphite ( NMG ) shareholders at its annual meeting in the latter half of May 2026. More on ENI, Nouveau Monde Graphite Inc. Eni Returned Over 100% Since My Buy Call: Here Is How Much Upside Is Left Eni S.p.A. (E) Analyst/Investor Day - Slideshow Eni S.p.A. (E) Analyst/Investor Day Transcript Nouveau Monde Graphite secures $297 million equity financing to advance Matawinie project Libya unveils oil and gas discoveries with Eni, Repsol, and Sonatrach
China unveiled new rules for the Shenzhen stock exchange’s tech-focused ChiNext board, seeking to broaden listing options and make the market more attractive to fast‑growing companies. The measures, announced Friday, include the creation of a fourth listing standard, designed to give greater access to high‑quality companies in emerging and future industries that may not yet meet traditional benchm...
China unveiled new rules for the Shenzhen stock exchange’s tech-focused ChiNext board, seeking to broaden listing options and make the market more attractive to fast‑growing companies. The measures, announced Friday, include the creation of a fourth listing standard, designed to give greater access to high‑quality companies in emerging and future industries that may not yet meet traditional benchmarks. Regulators will also introduce an early review process for initial public offering applications and further refine how new shares are priced, according to a China Securities Regulatory Commission statement. Trading on ChiNext will also change. Authorities said they will introduce market makers to help improve liquidity and price discovery, while new rules will speed up the execution and confirmation of large block trades, making it easier for institutional investors to complete transactions. The ChiNext Index on Friday rose to its highest since late 2021 and is up 7.7% this year. Some of the gains are the result of investors already pricing in the rule changes after the regulator touted its plan in January. The changes may also help rebalance China’s two main growth boards by spreading high‑tech listings more evenly between Shanghai’s STAR Market and Shenzhen’s ChiNext, said He Wenpin, a fund manager at Beijing Youhe Private Equity Management Co. Without the additional listing standard, many frontier technology companies — such as commercial satellite makers and advanced chip firms — have tended to gravitate toward STAR, He said. ChiNext, by contrast, has historically attracted companies focused on business‑model innovation, including biotechnology and renewable energy. “It’s the outcome of a long‑running standoff between the two exchanges, rather than a signal that regulators are opening the floodgates,” He said. “Over time, ChiNext should finally begin to enjoy the kind of valuation uplift that STAR has benefited from through high‑profile IPOs.” Regulators also pled...