Metro Inc has announced appointed Francois Thibault as senior vice president (SVP) and chief financial officer (CFO). The Canadian supermarket and pharmaceuticals group said the appointment is effective from 1 August 2012.
Thibault will lead the company’s financial management and reporting functions, as well as treasury and investor relations, legal affairs, strategic planning and corporate development. He joins Metro from Bombardier, where since 1999 he has held various strategic positions and was appointed vice president, finance of Bombardier Aerospace in 2009. Prior to 1999, Thibault held senior financial positions with large companies in the printing and telecommunications industries.
Thibault will succeed Richard Dufresne, who in February became CFO at George Weston, owners of rival supermarket chain Loblaw, after six years with Metro.
The “sad truth” of banking is that many jobs will be automated in the future, Deutsche Bank's chief executive said yesterday. Despite this, a recent survey found that 98% of European workers are optimistic about the changes automation will bring to their workplace.
India's gross domestic product (GDP) growth failed to meet expectations in Q2 as it slumped to 5.7%. However, India's IT industry is thriving. It contributes roughly 10% to the country's GDP and makes up about 25% of exports.
From music festivals to motor racing, events and festivals are an integral part of the move to a cashless society, reports SIX Payment Services.
The US Federal Deposit Insurance Corporation is suing nine European banks for allegedly contributing to the collapse of 39 US banks that had a collective value of more than $440bn (€375.6bn).