Blockchain
Former Cisco Germany CEO and Senior VP Central Europe Michael Ganser joins peaq to spearhead enterprise strategy
Peaq Foundation, the non-profit organization supporting peaq, the blockchain for real-world applications announces Michael Ganser has joined in an executive role with a focus on building out peaq’s enterprise strategy. Michael Ganser is the former CEO of Cisco Germany and Senior Vice President Central Europe. He’s also an investor and startup mentor, and has been advising the peaq team in a non-executive role for four years. With decades’ worth of business experience, Michael will help to guide the growth of the peaq ecosystem and spearhead peaq’s reach into the enterprise space, building up on existing collaborations with Bosch and other industry leaders.
As one of peaq’s early investors, Michael lent his entrepreneurial experience and knowledge to back peaq during the crucial years of building and testing. In the run-up to the mainnet launch, he is expanding his involvement in the project, aiming to bolster peaq’s appeal for traditional businesses and enterprises through his vast network and deep knowledge of the Web2 and corporate space.
“peaq’s vision and the impact it will create has the potential to make it one of the most influential projects for this decade and beyond,” says Michael Ganser. “The combination of Web3, IoT and AI will be a major innovation and growth driver across the world. The benefits of real world asset tokenization and generating new income sources for Enterprises and Consumers will bring Web3 at the forefront of many business innovations. I had the opportunity to get to know the world class team behind peaq for many years and it is my great pleasure to join the Foundation in an executive capacity and support innovative Enterprises in the transition from Web2 into the Web3 future.”
Michael joined Cisco, one of the largest IT and networking companies in the world, in 1996 as its general manager/CEO for Switzerland. From there, he held a variety of leadership positions in the company, including VP for Service Provider, VP Central-Eastern Europe, CEO for Cisco Germany, and Senior Vice President for Sales Germany, Austria, Switzerland and Eastern Europe. Under his leadership, Cisco won multiple awards, including being recognized multiple times as the best company to work in several countries.
“Michael’s knowledge and reach will be vital for peaq as we approach launch,” says Till Wendler, peaq’s co-founder. “In many ways, this is a continuation of Michael’s life’s work of laying the foundations for the internet and the Internet of Things. As a long-time trusted advisor and friend, he is the perfect addition to the team, and his leadership and management skills will be crucial to establish peaq as the backbone of the Economy of Things. peaq’s mission is to fundamentally transform the way we manage our devices and connected infrastructure. Michael is the perfect person to convey this vision to the boardrooms of machine manufacturers, whose involvement will be important for the ecosystem’s long-term growth and adoption.”
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Blockchain
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Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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