Anglo-Dutch legal and scientific publisher Reed Elsevier has appointed Duncan Palmer as chief financial officer (CFO). He joins the group this month and will succeed Mark Armour, who is stepping down from the post in November.
Palmer was CFO at US building products group Owens Corning for five years and previously held senior finance roles for Royal Dutch Shell in the UK, the Netherlands and the US. A dual UK and US citizen, he studied mathematics at Cambridge University and has an MBA from Stanford University.
His appointment to the Reed Elsevier boards must be approved by an extraordinary general meeting (EGM), expected in early November.
Separately, Owens Corning said that Michael McMurray will take over the positions of senior vice president (SVP) and CFO with immediate effect.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
The proposals of both US presidential candidates could shake up operating conditions in several sectors, reports the credit ratings agency.
The Danish shipping and oil conglomerate confirmed that it will separate its businesses into stand-alone transport and energy divisions.
The central bank has tweaked its stimulus programme and is making a fresh effort to push Japan’s inflation rate above its 2% target.