Heineken has moved to resolve its leadership vacuum by naming Rafael Oliveira as the company's next chief executive officer. This appointment marks a pivotal shift for the world's second-largest brewer, effectively closing a period of instability at the firm's helm.

Elsewhere, corporate litigation took a surprising turn as Avis Budget announced a $650 million settlement with Pentwater Capital Management. The deal ends a contentious dispute in which the car rental giant alleged that the hedge fund had deliberately stoked volatility in its share price. Meanwhile, Nike saw its stock edge higher in late trading following the announcement that Pfizer executive David Denton will step into the role of chief financial officer.