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Why Election Turnout is Job One

In Moldova’s recent presidential election and referendum on joining the European Union, the importance of robust voter turnout and protection against malign influences was driven home. Serving with the International Republican Institute’s international election observation mission, I joined a diverse team of 34 observers from seven countries, united in ensuring a fair election process. The international delegation was co-led by six-term U.S. Congressman Peter Roskam and former European Union Commissioner and United Nations Deputy Secretary-General Danuta Hübner.

The experience was a lesson in the meticulous operations required for election integrity and how critical voter turnout and vigilance are to safeguard democracy, especially against external interference in democracies worldwide.

Traveling across Moldova’s southern region, visiting 13 polling stations from small villages to larger cities, I witnessed the profound sense of duty and patriotism Moldovan citizens bring to the process. Poll workers, beginning their day at 7 AM, stood solemnly as the national anthem played. Later that night, I watched as votes were carefully counted by hand, with ballots securely transferred under police guard to central election authorities. The process reinforced the value of accuracy, transparency, and integrity in an election system.

I also learned threats to democracy do not wait for election day; they begin well in advance.

Moldova, sharing borders with Ukraine and Romania, was the target of malign influences, particularly from Russia.  Roskam noted: “Moldovans demonstrated resilience in the face of unprecedented foreign interference…Undeniably, the greatest threat to Moldova’s electoral integrity is malign foreign influence from the Russian Federation.”

Moldovan President Maia Sandu accused Russia of interfering in the election by spending $15 million on propaganda, cyberattacks, provocateurs, and outright vote-buying, with operatives allegedly purchasing up to 300,000 votes to destabilize Moldova’s shift toward closer EU ties.

In this context, Moldova’s election exemplifies the urgent need for countries worldwide to remain vigilant and proactively safeguard their electoral processes through transparency, a vital foundation of democratic elections.

For instance, Moldova’s requirement for voter identification with both address verification and photo ID, centralized to avoid duplicate voting, helped counter potential manipulation. Making voting accessible to citizens living and traveling is equally critical. Observing these practices in action reminded me of the importance of maintaining comprehensive, accurate voter rolls and requiring identification to reinforce legitimacy and trust in the results.

Danuta Hübner, former EU Commissioner and United Nations Deputy Secretary-General commented that while Moldova’s preliminary results had been declared, the real work of protecting democratic institutions was ongoing. “Elections are fundamental for democracy,” Hübner emphasized, “but democracy cannot survive on elections alone.” Her words serve as a reminder that democratic vigilance cannot be limited to single days; it must be a sustained effort, requiring engaged citizens and committed reforms to reinforce electoral integrity.

Democracy is more than a vote. It’s a commitment shared by citizens, poll workers, and the wider community to protect each other’s right to a free, fair, and transparent process. Moldova’s election experience, marred by interference but ultimately upheld by those who believe in democratic principles, should serve as an example for democracies everywhere: ensuring high turnout and protecting the electoral process are indispensable duties.

The Moldovan people deeply grasp this concept. Although the referendum to amend the constitution for EU entry passed by a narrow margin, President Sandu now faces a November 3 runoff against pro-Russian candidates.

In a world where malign actors seek to exploit every vulnerability, voter engagement, transparency, and resilience must be job one for any democracy that values its sovereignty and the will of its people.


Written by Lisa Gable.

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CEOWORLD magazineLatestSpecial ReportsWhy Election Turnout is Job One


Digital Agenda Cyprus Summit 2024: Exness CEO on Cyprus’ Tech Industry

At the Digital Agenda Cyprus Summit 2024, held on October 9 at the Nicosia Municipal Theatre, Exness CEO Petr Valov made a significant impact as he addressed key issues related to Europe’s tech landscape.

During his address, Valov emphasized the need to position Cyprus as a prominent player in the global technology arena. He advocated for regulatory moderation, stressing that easing certain constraints would enhance the European Union’s technological competitiveness on the global stage.

The event, themed “Digital Democracy: Digitisation – Innovation – Participation,” gathered influential figures from various industries, alongside policymakers and key stakeholders, to explore the future of digital transformation.

In a speech titled “Deregulation: How Strict EU Regulation Strangles Innovations and Makes EU Startups Less Competitive,” Valov argued that the current regulatory environment in Europe acts as a barrier to startup growth. He explained how the intricate web of over 100 laws and 270 regulations tech companies must navigate in the EU discourages innovation within the region. According to him, many entrepreneurs choose to establish their businesses outside Europe and only later introduce their products within the continent.

Valov went on to illustrate how such over-regulation suppresses innovation, making local startups less capable of competing on the global stage. He cited the complexities of AI regulations and the burdensome framework of GDPR as prime examples. While acknowledging the importance of legal protections, Valov emphasized that small businesses, in particular, struggle with the resources needed to comply with such stringent rules. He advocated for a more balanced regulatory approach, one that encourages entrepreneurship and innovation without stifling growth.

Exness’ involvement in the summit further underscores its commitment to fostering Cyprus’ burgeoning tech ecosystem. As a major player in the global financial technology landscape, Exness continues to contribute to the island’s rise as a hub for fintech innovation.

 

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CEOWORLD magazineLatestCEO OpinionsDigital Agenda Cyprus Summit 2024: Exness CEO on Cyprus’ Tech Industry


CTO Mira Murati, Among Other Executives, Leaves Openai While Sam Altman Prepares for a 7% Equity Stake

Mira Murati, OpenAI’s Chief Technology Officer, has announced her decision to step down from the company. In a post shared on X, she explained her departure, stating that she wanted to make space for personal exploration while focusing on ensuring a smooth leadership transition.

Murati’s exit comes alongside two other high-profile departures—Bob McGrew, the Chief Research Officer, and Barret Zoph, Vice President of Post-Training. OpenAI’s CEO, Sam Altman, clarified that these decisions were made independently and amicably, as he addressed employees in a memo shared on X. He acknowledged the timing of Murati’s decision but expressed understanding, stating that it made sense for the company to handle all the transitions simultaneously.

Murati’s decision to leave follows nearly a year after a boardroom dispute temporarily removed Altman from his position, during which Murati briefly stepped in as the company’s interim leader. During her six-year tenure, she was instrumental in the launch of some of OpenAI’s most innovative products, including ChatGPT and the text-to-image generator. Altman, in his message to employees, praised her contributions to the company’s rapid evolution.

Altman acknowledged the intensity of leadership roles at OpenAI, describing them as both a privilege and a relentless challenge, given the company’s accelerated growth and mission to advance artificial general intelligence (AGI). He also confirmed that Mark, the newly appointed Senior Vice President of Research, will assume leadership of the research organization, while Josh Achiam will take on the role of Head of Mission Alignment to ensure the company stays true to its core objectives.

Murati’s departure comes at a pivotal time for OpenAI, just ahead of its annual Dev Day conference. The company is riding high after securing billions in new funding and restructuring itself as a for-profit entity, a move that also gives Altman a 7% equity stake.

In her farewell memo to staff, Murati expressed deep gratitude for her time at OpenAI, crediting the team for pushing the boundaries of artificial intelligence research. She highlighted recent innovations in AI, particularly the release of speech-to-speech models and OpenAI’s o1 model, which represent significant advancements in AI’s ability to reason and interact with the world.

Altman’s memo echoed these sentiments, recognizing the contributions of all three departing leaders and outlining a clear path forward for the company. He reassured staff that the company’s leadership succession plan, while accelerated, is well-prepared, with key figures already in place to guide OpenAI into its next phase.

A gathering for staff was scheduled for later that evening to celebrate the contributions of Murati, McGrew, and Zoph, with a company-wide all-hands meeting to follow the next day for further discussions.

 

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CEOWORLD magazineLatestExecutive InsiderCTO Mira Murati, Among Other Executives, Leaves Openai While Sam Altman Prepares for a 7% Equity Stake


OPEC+ Extends Oil Production Cuts Through December 2024 to Ensure Market Stability

The OPEC Secretariat has announced that eight OPEC+ member countries—Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman—have agreed to extend voluntary production cuts of 2.2 million barrels per day (bpd) for an additional month, extending the reductions through December 2024. These adjustments, initially announced in November 2023, reflect the group’s ongoing efforts to manage global oil supply.

This decision follows previous voluntary cuts enacted by the same nations in April and November 2023. The eight countries have reiterated their collective dedication to full compliance with the Declaration of Cooperation, including adhering to the additional production adjustments, which are monitored by the Joint Ministerial Monitoring Committee (JMMC). During its 53rd meeting on April 3, 2024, the JMMC reviewed these commitments, with member countries reaffirming their pledge to offset excess production from January 2024 by September 2025, as outlined in compensation plans submitted to the OPEC Secretariat.

In recent statements, Iraq, along with Russia and Kazakhstan, reaffirmed their commitment to this agreement, including adherence to the voluntary production cuts and the specified compensation schedules for overproduction since January 2024. In August 2024, Saudi Arabia, Russia, the UAE, Kuwait, Algeria, and Oman conducted two ministerial consultations with Iraq and Kazakhstan, urging these countries to ensure full compliance and address the excess production volumes accumulated since the beginning of the year. Iraq and Kazakhstan confirmed their intentions to work with secondary sources to detail their plans for aligning production with the agreed targets and adhering to the compensation schedules they submitted to the OPEC Secretariat on August 22.

 

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CEOWORLD magazineLatestSpecial ReportsOPEC+ Extends Oil Production Cuts Through December 2024 to Ensure Market Stability


Crown Resorts Names David Tsai as New CEO to Lead Transformation and Growth

Australia’s Crown Resorts has confirmed David Tsai’s appointment as Group Chief Executive Officer following Ciarán Carruthers’s departure. Tsai, who assumed the role of Acting CEO in August, joined Crown as CEO of Crown Perth in December 2022, later advancing to President and Group COO in July. He has played an instrumental role in guiding the company through a pivotal period of transformation, including leading Perth’s reform and remediation efforts.

Crown Chairman John Borghetti described Tsai as a highly capable executive with a strong record in integrated resorts management, demonstrating both commercial acumen and strategic insight. Borghetti added that Tsai’s values aligned with Crown’s cultural and team-oriented approach, positioning him well to continue driving Crown’s transformation and growth. As CEO, Tsai is set to prioritize guest experience across all resorts, oversee refurbishments, and launch new entertainment offerings in 2025 and beyond while maintaining a focus on safe and responsible gaming. The board expressed confidence in Tsai’s leadership and enthusiasm for his appointment.

Tsai conveyed his eagerness to lead Crown Resorts into its next chapter, aiming to make Crown the premier entertainment destination across its locations, with support from a dedicated team to ensure long-term success.

Tsai’s appointment follows Crown’s recent return to regulatory suitability in Victoria and New South Wales, where its flagship properties, Crown Melbourne and Crown Sydney, are located. His extensive experience as a senior executive at U.S. casino leader MGM Resorts further underscores Crown’s commitment to transforming its operations and strengthening its position within the entertainment industry.

 

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CEOWORLD magazineLatestBanking and FinanceCrown Resorts Names David Tsai as New CEO to Lead Transformation and Growth


Shearwater GeoServices Embarks on Major Seismic Project for TotalEnergies in Angola

Shearwater GeoServices has secured a contract from French energy giant TotalEnergies to conduct a seismic survey off the coast of Angola. The project, set to start in January 2025, will focus on deepwater operations using ocean-bottom nodes (OBN) and is expected to take two and a half months to complete.

The survey will be carried out by Shearwater’s SW Tasman, a vessel equipped with dual remotely operated vehicles (ROVs), which was retrofitted in 2023 for seismic node deployment. The SW Gallien, built in 2011, will serve as the source vessel. The operation will utilize Shearwater’s Pearl nodes, known for their compact design and long endurance, to collect seismic data.

This project will cover Block 32, specifically the Louro and Mostarda fields, where Shearwater previously completed a 4D streamer survey.

Irene Waage Basili, CEO of Shearwater, expressed the company’s satisfaction with the performance of the SW Tasman and the Pearl OBN platform, emphasizing their continuous use since they were introduced last year.

Headquartered in Bergen, Norway, Shearwater operates globally and employs around 1,200 people. Meanwhile, TotalEnergies, with over 100,000 employees and operations in 120 countries, remains committed to providing reliable, affordable, and sustainable energy.

 

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CEOWORLD magazineLatestTech and InnovationShearwater GeoServices Embarks on Major Seismic Project for TotalEnergies in Angola


Nissan Faces Major Cuts with Shares Falling by 10%

Nissan Motor Co., grappling with intensifying industry challenges and internal issues, announced deep cuts to its workforce, production, and financial forecasts for the fiscal year. The automaker’s shares fell sharply in Tokyo on Friday, declining as much as 10% to their lowest level since October 2020, after the company revealed it would lay off 9,000 employees and reduce its manufacturing capacity by 20% following a 94% drop in net income for the first half of the fiscal year. Nissan also plans to reduce its stake in Mitsubishi Motors Corp. after depleting $2.9 billion in cash over the past six months.

Chief Executive Officer Makoto Uchida acknowledged that Nissan’s struggles stem not only from industry-wide pressures but also from internal missteps, including overly ambitious sales targets and the rapid rise of Chinese competitors. Uchida warned investors that meeting sales targets would be challenging and emphasized the need for Nissan to rebuild its resilience and steer toward recovery.

Nissan now projects its operating income to drop 70% from earlier expectations, reaching only $980 million by the end of the fiscal year in March. Additionally, revenue estimates have been cut by over 9%, reflecting an outlook of stagnant growth.

At the helm since 2019, Uchida has faced difficulty revitalizing Nissan amid stiff competition from Tesla Inc. and China’s BYD Co., leaving the automaker trailing its Japanese peers. Analyst James Hong of Macquarie Securities Korea described Nissan as “the weakest” among major Japanese carmakers, suggesting that price cuts might be the company’s only option for boosting sales.

To raise funds, Nissan will sell approximately a third of its stake in Mitsubishi Motors through the Tokyo Stock Exchange, a 10% holding valued at around $450 million at Thursday’s close. This move comes just eight months into Uchida’s three-year turnaround plan, during which Nissan had already downgraded its profit forecast to $3.3 billion in July, following disappointing sales in China, Japan, and North America.

The company reported a quarterly profit of $200 million for the period ending in September, missing consensus estimates of $430 million and well below last year’s $1.36 billion earnings.

Uchida’s roadmap for Nissan includes expanding its electric vehicle lineup, securing new partnerships, and increasing annual sales by 1 million units by 2027. However, analysts have expressed concerns that Nissan’s lineup lacks sufficient hybrid models at a time when EV demand is faltering. According to Macquarie’s Hong, hybrids are bolstering profitability for Toyota and Honda, indicating a need for Nissan to reconsider its strategy.

Like many legacy carmakers, Nissan has struggled to maintain its foothold in China, the world’s largest automotive market. In June, Nissan announced it would cease operations at its Changzhou plant due to declining sales.

The company has adjusted its production target to around 3.2 million vehicles for the fiscal year, representing a 7% decrease from the previous year. Retail sales projections have also been trimmed to 3.4 million units across key markets, including North America, China, Japan, and Europe.

In an attempt to improve efficiency, Nissan entered a collaborative agreement in March with Honda Motor Co. and Mitsubishi Motors for joint software development, batteries, and other EV components. This alliance places Nissan in direct competition with Toyota and its partnerships with Subaru Corp., Suzuki Motor Corp., and Mazda Motor Corp.

On Thursday, Uchida emphasized that Nissan’s strategic partnerships with Renault SA, Mitsubishi Motors, and Honda would enhance its investment efficiency and strengthen its product portfolio. The announced job cuts represent about 7% of Nissan’s workforce.

 

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CEOWORLD magazineLatestCEO InsiderNissan Faces Major Cuts with Shares Falling by 10%


Lingo Acquires BullsEye Telecom

Lingo acquired BullsEye Telecom in August 2022, creating a leading provider of Unified Communications (UC), cloud technology, broadband connectivity and managed services for businesses. Lingo, with over two decades of experience, has a solid reputation for customer satisfaction as objectively measured by their Net Promoter Score (NPS) placing their customer satisfaction levels significantly above industry averages. This strategic move positions Lingo as a leader in the field, offering secure and cost-efficient solutions to businesses of all sizes.

Diverse Portfolio of Communications Services 

Lingo provides a range of services including cloud-driven business communication systems, Unified Communications (UC), SD-WAN, managed network and edge security, broadband and fiber connectivity, managed Wi-Fi, traditional analog phone services and analog line replacement solutions. These services are integrated and consolidated into a single invoice.

Nationwide Network 

Lingo’s LD Network backbone, combined with the Cloud/UC Network, demonstrates the company’s commitment to operational efficiency. This network backbone spans the U.S. and Canada, terminating traffic to 99% of U.S. and Canadian LATAs via ILEC Central Office Connections. With a current utilization rate of 50%, Lingo is well-equipped to handle new volumes with minimal capital expenditure, processing over 12 billion minutes of traffic annually.

Best-in-Class Network and Technology Partners 

Lingo collaborates with over 50 connectivity partners, incumbent and competitive local exchange carriers to provide nationwide broadband and fiber connectivity. These connectivity partners include Lumen, AT&T, Comcast, Verizon, Frontier, T-Mobile and Windstream. The nationwide network not only offers redundancy and reliability but also yields multiple connectivity options, optimizing costs for both Lingo and its diverse client base.

Lingo also teams with best-in-class technology providers for its cloud, network security and managed services. These technology partners include Broadsoft, Netsapiens, Sophos, VMware, Cisco, Yealink, Poly and Zscaler.

The acquisition of BullsEye Telecom by Lingo has strengthened their position as leading communication and cloud technology provider. With a diverse product portfolio, exceptional customer satisfaction and a commitment to best-in-class enterprise grade technology, Lingo continues to lead the industry, providing comprehensive solutions to organizations of all sizes.


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CEOWORLD magazineLatestTech and InnovationLingo Acquires BullsEye Telecom


Sprinklr Taps Rory Read as New CEO to Drive CCaaS Growth and Innovation

Sprinklr has announced Rory Read as its new CEO and President, effective immediately. This leadership shift follows the tenure of co-CEOs Ragy Thomas and Trac Pham, with Thomas transitioning to an advisory role while remaining Founder and Chairman of the Board. Pham will step into a new, unspecified advisory position and will no longer be on the Board of Directors.

Thomas described the appointment as an “exciting new chapter” for Sprinklr, highlighting that Read’s leadership would strengthen the company’s foundations, bolster product innovation, and further customer and partner success.

Read, whose background includes executive roles at IBM, Lenovo, Dell, and, more recently, Vonage, rose to prominence by transforming Vonage’s enterprise communications portfolio with CCaaS, UCaaS, and CPaaS solutions. His tenure culminated in the sale of Vonage to Ericsson in 2021 for $6.2 billion, after which he served as Ericsson’s Senior Vice President and Head of the Business Area Global Communications Platform. He left that position earlier this year.

Read’s extensive experience in the CCaaS sector aligns with Sprinklr’s aspirations to accelerate its service offerings in the rapidly evolving contact center market. During a recent earnings call, Thomas candidly discussed the operational challenges Sprinklr faced as it scaled its CCaaS platform, Sprinklr Service, to meet rising demand, especially after securing major clients like Deutsche Telekom and BT. To scale effectively, Sprinklr has been building partnerships, establishing carrier networks, and tailoring solutions to address regional compliance standards—a process Thomas described as “building our own internal muscle.”

With much of this groundwork completed, Sprinklr sees Read’s appointment as a move to elevate its CCaaS capabilities to new heights. Read expressed optimism about Sprinklr’s trajectory, stating his commitment to crafting a strategic vision that brings concrete value to customers through its AI-powered platform.

Industry experts, including Simon Harrison, Founder and CEO of Actionary, see Read’s background as a strong match for Sprinklr’s goal of becoming a leading player in customer experience management (CXM). According to Harrison, Sprinklr is focused on refining knowledge and case management processes as it positions itself as an “operating system for all customer conversations.” He commended Read as a seasoned leader with three decades of success in operational transformation and business strategy.

The decision to appoint Read marks an end to Sprinklr’s brief experiment with co-CEOs, which lasted less than five months after Trac Pham was elevated to the position in June. Initially, this shared structure was designed to let Pham focus on operational management while Thomas concentrated on product and vision. Despite Thomas’s praise for Pham’s contributions, the company has not disclosed specific reasons for the change.

The recent history of co-CEO models in tech has been mixed, with competitors like RingCentral experiencing swift CEO turnover, while others—like Oracle, SAP, and Workday—have demonstrated success with co-leadership approaches from diverse backgrounds.

Meanwhile, Sprinklr has unveiled 70 new features in its latest update to the Sprinklr Service CCaaS platform, which include enhancements to knowledge management, workforce efficiency, and case management. Updates also extend to the AI-powered Digital Twin module, which now more effectively automates customer interactions, supporting teams across departments.

 

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CEOWORLD magazineLatestBanking and FinanceSprinklr Taps Rory Read as New CEO to Drive CCaaS Growth and Innovation


UNCTAD Report Reveals Shipping Costs Burden Developing Countries Disproportionately

The United Nations Conference on Trade and Development (UNCTAD) has published its latest annual report, Review of Maritime Transport 2024, which sheds light on the significant challenges poorer nations face in meeting their shipping needs. According to the report, disruptions fueled by climate change and geopolitical tensions are severely affecting global trade and supply chains, with small island developing states (SIDS) and least developed countries (LDCs) being particularly hard hit.

The report emphasizes that developing economies bear a much heavier burden for shipping compared to wealthier nations. UNCTAD’s data shows that the transport work intensity (TWI) per dollar of maritime trade in these economies is double that of developed countries.

Looking ahead, UNCTAD forecasts a 2% increase in maritime trade volume and a 3.5% rise in containerized trade volume in 2024. Between 2025 and 2029, total seaborne trade is expected to grow at an average annual rate of 2.4%, while containerized trade is projected to increase by 2.7%. The growth is being driven by higher demand for key commodities such as bauxite, coal, containerized goods, grain, iron ore, and oil.

In 2023, maritime trade volumes reached 12.3 billion tons, marking a 2.4% increase after a contraction in 2022. However, the report notes that the shipping industry continues to face significant challenges, with complexity, volatility, and uncertainty defining the operational landscape in 2023 and the first half of 2024.

In her introduction to the report, Rebeca Grynspan, secretary-general of UNCTAD, noted that disruption has become a persistent feature of the global shipping industry. The 2024 edition of the report also marks the final contribution from Jan Hoffmann, the chief of UNCTAD’s logistics branch, who is leaving his post in Geneva to take up a new position with the World Bank in Washington, D.C.

 

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CEOWORLD magazineLatestSpecial ReportsUNCTAD Report Reveals Shipping Costs Burden Developing Countries Disproportionately