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Berkshire Hills Bancorp Appoints Former Federal Reserve Bank of Boston President and CEO Eric Rosengren as New Independent Director
BOSTON, April 10, 2023 /PRNewswire/ — Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the guardian business of Berkshire Bank, a foremost socially responsible local community financial institution with economical centers in New England and New York, announced the election of Eric S. Rosengren to the Board of Directors of the Company and its wholly-owned subsidiary Berkshire Bank effective April 5, 2023. Mr. Rosengren provides extensive economical, threat management and regulatory know-how obtaining served as the President and CEO of the Federal Reserve Bank of Boston until his retirement in 2021. On his election, Mr. Rosengren was determined to be an unbiased director and a fiscal expert and appointed to the Risk Management,…
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What does it take for a CFO to become CEO?
You may have seen me in your inbox twice this morning. I had the opportunity to write today’s CEO Daily, filling in for Fortune CEO Alan Murray. The column is all about how CFOs are increasingly seeking the CEO role. You can read it here. However, the transition of a finance chief to a chief executive can have some complexities, even though CFOs and CEOs are strategic partners who work together closely, according to Jenna B. Bayard, a consultant at Spencer Stuart, a global executive search and leadership consulting firm. “CFOs have spent the majority of their careers looking at decisions based on numbers and data,” Bayard explains. “For decades,…
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BlackRock CEO Larry Fink walks tightrope on climate investing
Illustration: Sarah Grillo/Axios This year’s chairman’s letter from BlackRock CEO Larry Fink, published Wednesday, gives less emphasis to climate risk and environmental, social and governance (ESG) investments than past letters — but doesn’t play down the substance. Why it matters: As the head of the world’s largest asset manager, Fink’s letters are widely taken as a signal for how the financial community is thinking about certain topics, and how policy makers may need to respond. Driving the news: His latest letter departs from those of the past several years, which focused largely on the need to incorporate climate risk, ESG concerns and broader corporate responsibility issues into how business should…
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Apple’s Tim Cook is ‘a Hall of Fame CEO’ who will avoid layoffs, analyst predicts
Will not assume a mass layoff announcement from Apple (AAPL) in spite of global financial weakness weighing on Apple iphone and Mac gross sales, claims Wedbush tech analyst Dan Ives. That’s in substantial portion for the reason that Apple CEO Tim Cook dinner did not overhire throughout the pandemic, compared with quite a few of Apple’s rivals. “Apple by no means employed at the rate of these other tech giants,” Ives claimed on Yahoo Finance Dwell (video clip previously mentioned). “You’ll see price-chopping about the edges, but Cupertino — I necessarily mean, they’re tacticians…I feel it just shows why Cook dinner is a Hall of Fame CEO. And I consider…
