Former TNK-BP executive Mikhail Slobodin replaces Anton Kudryashov as head of Vimplecom's Russian business.

Australian tycoon James Packer bought a 9.4% stake in US real estate website Zillow Inc. James Packer acquired a 9. 4% stake in Zillow Inc. Cavalane Holdings, of which Packer holds a controlling stake, purchased 3 million shares in the US real estate website.

Daimler announced that it had appointed the new head for the company's luxury car division, AGM unit.

In an interview conducted by newly-acquired newspaper the Washington Post, Amazon.com Inc. CEO Jeff Bezos said that he would be applying his management style in Amazon to the beleaguered newspaper.

Mark Montana was introduced as Deutsche Bank's new head of equity trading for the Americas. The biggest bank in Germany, Deutsche Bank AG, announced the hiring of Matt Montana to head its equity trading for its asset and wealth management division for the Americas.

After working with Fidelity Special Situations Fund for five years, Sanjeev Shah would step down as manager of the fund according to a statement from Fidelity Worldwide Investment.

Vivus Inc. announced a new chief executive officer in the person of former Johnson & Johnson executive Seth H. Z. Fischer after Tony Zook resigned due to health issues.

Raghuran Rajan, the newly appointed bank governor of India's central bank would step into office in the eye of a roiling storm in the country's economy.

Sources told Reuters that RHB Bank of Malaysia would poach Maybank's Indonesian unit head Khairussaleh Ramli and appoint him as RHB's new Deputy CEO.

Kathy Kriskey is RBC Capital Market's new head of commodity investor sales. In an announcement, RBC Capital Markets introduced Kathy Kriskey as its new head of commodity investor sales in New York.