The stock market faces heightened risk of another sell-off if the VIX fear gauge crosses 38, Fairlead's Katie Stockton says

Reuters

IPO candidate Syngenta unveils management overhaul

Seeds and pesticides maker Syngenta, the Swiss agrochemicals company planning a $10 billion initial public offering (IPO), announced a new leader for its biggest business on Friday. Jeff Rowe, now President, Global Seeds, will take over the leadership of Syngenta Crop Protection, effective July 1. The job, in charge of Syngenta’s biggest division which made up nearly half the group’s $28.2 billion sales in 2021, could make Rowe a front-runner to eventually succeed Chief Executive Erik Fyrwald, aged 62.