Corporate Governance

Profound Medical Names Sobczyk Interim CFO as Dewan Steps Down

Image
Profound Medical Names Sobczyk Interim CFO as Dewan Steps Down

Toronto – – October 12, 2026 -- Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) replaced its chief financial officer effective immediately, promoting Corporate Controller Matthew Sobczyk to Interim CFO after Rashed Dewan stepped down from the role.

Sobczyk, a 2020 hire, takes over the finance function

Sobczyk first joined the interventional MRI (iMRI) company in 2020 and moves up from Corporate Controller. The company did not name a permanent successor or give a timeline for a CFO search.

Dewan stays on a short-term consulting contract

Dewan will remain with Profound under a short-term consulting contract to support the handover. CEO and Chairman Arun Menawat thanked him for his years of service and his contributions to the company.

XORTX Adds Banker Depesh Narotam as Independent Director

Image
XORTX Adds Banker Depesh Narotam as Independent Director

Calgary – October 12, 2026 -- XORTX Therapeutics Inc. (NASDAQ: XRTX | TSXV: XRTX | Frankfurt: ANU) has appointed Depesh Narotam, a financial services executive with more than 20 years of experience, to its board as an independent director effective July 27, 2026.

Board determines Narotam meets Nasdaq and Canadian independence standards

The board determined that Narotam, 43, is independent under applicable Nasdaq listing standards and Canadian securities laws. He also joins the board's Compensation, Governance and Nominating Committee.

Narotam is a resident of British Columbia, Canada.

XORTX Chairman Anthony Giovinazzo Steps Down From Board

Image
XORTX Chairman Anthony Giovinazzo Steps Down From Board

Calgary – October 12, 2026 -- XORTX Therapeutics Inc. (NASDAQ: XRTX | TSXV: XRTX | Frankfurt: ANU) said board chairman Anthony Giovinazzo is stepping down from the board of directors, citing personal reasons and a wish to pursue other interests.

Giovinazzo leaves after several years as chairman and committee member

Giovinazzo led the board as chairman for the past several years and also served on key committees. Co-CEO Dr. Allen Davidoff credited him with leadership and ethics of the highest standards in both roles. Davidoff said management and the board extend their appreciation for his efforts.

The company did not name a successor chairman or give a departure date. The release also did not say whether Giovinazzo's committee seats will be refilled.

XORTX advances five programs in gout and kidney disease

The late-stage clinical pharmaceutical company is developing three clinically advanced products:

AEP Elects Marriott, Equinix Chairmen to Board Amid Demand Surge

Image
AEP Elects Marriott, Equinix Chairmen to Board Amid Demand Surge

Columbus – October 12, 2026 -- American Electric Power (Nasdaq: AEP) has elected Marriott International Chairman David Marriott and Equinix Executive Chairman Charles Meyers to its Board of Directors, effective July 20, bringing the board to 12 directors, 11 of them independent.

AEP adds data center and hospitality operating experience as it invests to meet unprecedented energy demand

AEP said the two appointees will provide insight as it invests to meet unprecedented energy demand while maintaining its focus on reliability and affordability. Chairman, President and CEO Bill Fehrman said their experience aligns directly with AEP's strategy to meet growing demand, deliver reliable, affordable power and create long-term value for shareholders.

Toyota's Akio Toyoda Inducted Into Automotive Hall of Fame

Image
Toyota's Akio Toyoda Inducted Into Automotive Hall of Fame

Detroit – October 12, 2026 -- Akio Toyoda, chairman of the board of Toyota Motor Corporation (TMC), became the fourth member of the Toyoda family inducted into the Automotive Hall of Fame, in a ceremony held in Detroit.

The Hall of Fame recognizes leaders, innovators and visionaries whose work has shaped the global automotive and mobility industry. Toyoda joins his grandfather Kiichiro, his father Shoichiro, and Eiji Toyoda, his grandfather's cousin. Taiichi Ohno, widely regarded as the father of the Toyota Production System, is also among Toyota's honorees.

Toyoda took TMC's presidency in 2009 during a difficult period

Toyoda became president of TMC in 2009, assuming leadership during one of the most challenging periods in the company's history. He led efforts to strengthen quality controls, rebuild trust in the Toyota brand and reinforce the company's business foundation.

Rio Silver Shareholders Approve All AGM Resolutions

Image
Rio Silver Shareholders Approve All AGM Resolutions

Vancouver – – October 12, 2026 -- Rio Silver Inc. (TSX.V: RYO; OTC: RYOOF) won shareholder approval for every resolution at its annual general meeting on October 12, 2026, with 13,099,198 common shares, or 22.24% of issued and outstanding shares at the record date, represented in person or by proxy.

Shareholders back director slate, auditor and compensation plan

Resolutions covered the election of directors, ratification of the auditor's appointment for the year ended October 12, 2026, reappointment of the current auditor, and approval of the company's security-based compensation plan.

The source does not disclose vote percentages for individual resolutions or the names of elected directors.

Turnout stays at about one-fifth of share capital

The 22.24% representation means roughly 78% of issued shares were not voted at the meeting. Rio Silver describes itself as having a large percentage of insider, friends and family ownership.

TORM Board Loses Director Boehringer After Oaktree Exits Stake

Hellerup – October 10, 2026 -- Christopher Boehringer has resigned from the Board of Directors of TORM plc (NASDAQ: TRMD, TRMD A) with immediate effect, after Oaktree Capital Management and its affiliates ceased to hold any ownership interest in the product tanker owner.

Boehringer leaves the board after eleven years of service

Boehringer joined the TORM board in 2015. TORM said he supported the company through a period of significant transformation and growth.

Chair Simon Mackenzie Smith credited him with helping to develop and strengthen the One TORM platform and called him a trusted adviser through some of the most important milestones in the company's history.

Five directors remain on the TORM board

Following the change, the board comprises Simon Mackenzie Smith (Chair), Annette Malm Justad, Göran Trapp, Jann Brown and Jacob Meldgaard.

TORM did not announce a replacement for Boehringer's seat.

Boliden Names Three-Member Nomination Committee for 2027 AGM

Stockholm – – October 09, 2026 -- Boliden AB has appointed a Nomination Committee drawn from its three largest shareholders by voting rights, with Swedbank Robur Fonder's Lennart Francke as Chair, ahead of the 2027 Annual General Meeting on April 28, 2027.

Three institutional investors fill the committee seats based on the August 31 share register

Under instructions adopted by Boliden's Annual General Meeting, the committee consists of members appointed by the three largest shareholders by voting rights. Selection is based on Euroclear Nordics AB's print-out of the share register as of August 31, 2026, and is subject to each shareholder's willingness to participate.

  • Lennart Francke, Swedbank Robur Fonder (Chair)
  • Magnus Tell, Alecta
  • Karin Eliasson, Handelsbanken Fonder

Board Chair Karl-Henrik Sundström has been co-opted to the committee.

New Oriental Sets Nov. 13 AGM, Records FY2026 Results Filed

Beijing – October 08, 2026 -- New Oriental Education & Technology Group Inc. (NYSE: EDU; SEHK: 9901) will convene its annual general meeting on November 13, 2026 at 5:00 p.m. local time at No. 6 Hai Dian Zhong Street, Haidian District, Beijing.

No shareholder vote is scheduled for the 2026 annual meeting

The company confirmed no proposals will be submitted for approval at the gathering. Instead, the meeting will function as an open forum allowing shareholders of record and beneficial owners of American depositary shares to raise questions directly with management on company affairs.

General Dynamics Names Danny Deep CEO, Succeeding Novakovic in 2027

Image
General Dynamics Names Danny Deep CEO, Succeeding Novakovic in 2027

Reston, Va. – October 08, 2026 -- General Dynamics (NYSE:GD) announced that its board has elected company president Danny Deep as chief executive officer, effective October 08, 2026, succeeding Phebe Novakovic after 13 years in the role.

Novakovic transitions to executive chairman after more than a decade as CEO

Novakovic, who has served as CEO since 2013, will move to the role of executive chairman of General Dynamics, remaining engaged with the company's leadership. The board's independent lead director, Laura J. Schumacher, credited Novakovic with setting a clear strategic vision and building a capable leadership team during her tenure.