Tag Archives: CEO

Oatly CEO Toni Petersson said there is light at the end of the tunnel with respect to the oat milk shortage that has existed during the pandemic due to significantly more at-home consumption of packaged foods.  “No,” Petersson responded when asked by Yahoo Finance if the shortage would continue into 2022. “It’s going to improve. It has improved since March. It’s going to continue to increase [product availability] every single month here.” To help improve demand, Oatly said it will increase… Source link

Norwegian Cruise Lines (NCLH) resumed operations for the first time in 18 months Sunday, with a 100% vaccination mandate for all guests and staff. CEO Frank Del Rio told Yahoo Finance he is hoping other companies follow suit, and says it’s a failure of leadership in the country to not have a similar vaccine mandate nationwide. “Our leadership has failed us,” Del Rio said. “Can you imagine if 700,000 people died of anything other than covid, the outrage that there would be, what government would… Source link

Americans should be cautious before buying a car amid high prices and low inventory within the automotive industry, Rodo CEO Nathan Hecht said in an interview with Yahoo Finance. “I think the only reason you buy into this market today is if you really need a car,” Hecht said. “As we get into September, October, November, new car inventories should start to replenish, not to their normal levels, but just replenish as factory output increases.” Demand for both new and used cars is on the… Source link

The need for workers is weighing on the trucking industry, where freight operators are struggling to raise wages fast enough to find drivers. Eric Fuller, the CEO of U.S. Xpress (USX), said that his company has doled out 30% to 35% in total pay increases over the last 12 months — but suggested more may be needed. “The driver situation is about as bad as I’ve ever seen in my career,” Fuller told Yahoo Finance on Monday. Data from the Bureau of Labor Statistics showed that in the depths… Source link

Outgoing New York Gov. Andrew Cuomo seems to feel like he was railroaded out of his job. During an August 10 news conference where he announced his plan to resign in two weeks, Cuomo acknowledged behaving boorishly but insisted he didn’t sexually harass any of the 11 women who have accused him of that. “I never crossed the line with anyone,” Cuomo said, “but I didn’t realize the extent to which the line has been redrawn.” Given that he’s finally resigning, maybe it doesn’t… Source link

Form Energy’s recent announcement about its new iron-air battery could be a major leap forward in the transition to renewable electricity.  “We set out about four years ago to develop the kind of battery that it would take to enable a fully renewable and reliable electric grid,” Mateo Jaramillo, CEO and co-founder of Form Energy and former head of battery development at Tesla, said on Yahoo Finance Live (video above). “A few years later, a lot of hard work, some fantastic breaks going… Source link

Novavax (NVAX) announced Thursday it would have to push back its COVID-19 vaccine emergency use authorization (EAU) filing with the FDA by about one month, once again, this time due to manufacturing quality concerns. CEO Stanely Erck told Yahoo Finance Novavax itself did not delay the filing. Instead, he said, outside firms that the company was directed to work with by Operation Warp Speed — the former government program launched under the Trump administration to fund six vaccine candidates… Source link

Retail legend Mickey Drexler — known for making Gap cool in the late 80s and early 90s and then reviving J.Crew in the early 2000s as CEO —apparently didn’t pull any punches in a chat with Kanye West on whether the music icon and celebrated clothing designer should partner up with Gap.  “I probably shouldn’t say this but I told him he shouldn’t do the deal because it doesn’t make any sense in my opinion,” said Drexler, now the CEO of specialty apparel retailer Alex Mill, exclusively on Source link

With its stock price down about 72% year-to-date amid an overall cooling in the SPAC craze, QuantumScape founder and CEO Jagdeep Singh has a message to the market.  The upstart solid state battery maker remains on track with everything it said it would do when it debuted via a SPAC transaction late in 2020.  Singh said on Yahoo Finance Live the company is still eyeing commercialization of its battery technology in the 2024-2025 timeframe. Its key partner and backer Volkswagen will be the… Source link

The U.S. has fallen significantly behind China in the race to develop a blockchain-based payment system, Pantera Capital founder and CEO Dan Morehead told Yahoo Finance in a recent interview. “China’s six years ahead of the United States in building a blockchain-based payment system,” Morehead said in a Friday segment on blockchain technology with Yahoo Finance Live. China’s dominance in the blockchain space may propel America into action in the near future, according to Morehead,… Source link