Diamond Triumph Names New CFO

first_imgWith more than 20 years of experience across multiple industries and functional areas, deMoulpied has particular expertise in organizations with complex technical products. Combined, his prior positions have required a spectrum of skills in corporate strategy, operations improvement, product quality, and revenue cycle management. He has an impressive history of utilizing data driven problem solving (Lean Six Sigma) and project management (PMP and CSM) to achieve strategic goals surrounding customer satisfaction, operational efficiency and improved profit.  DeMoulpied comes to LSI from the Private Client Services practice of Ernst & Young where he managed strategy & operations improvement engagements for privately held client businesses. Some of his prior roles include VP of strategic development, director of strategic initiatives, and Lean Six Sigma Master Black Belt at OptumHealth, UnitedHealth Group’s health services business, as well as Lean Six Sigma Black Belt at General Electric, where he applied operations improvement principles to customer service, supply chain and product development. A successful entrepreneur, deMoulpied is also the founder of PrestoFresh, a Cleveland-based e-commerce food/grocery business.  KINGSTON, PA — The Diamond Triumph Auto Glass Board of Directors has appointed Richard Wooditch as the company’s chief financial officer. AdvertisementClick Here to Read MoreAdvertisement Prior to this designation, Wooditch served as the company’s vice president of finance and corporate controller. Wooditch is a Certified Public Accountant. For more information about Diamond Triumph, visit: diamondtriumph.com . _______________________________________ Click here to view the rest of today’s headlines.,Lubrication Specialties Inc. (LSI), manufacturer of Hot Shot’s Secret brand of performance additives and oils, recently announced the expansion of senior leadership. Steve deMoulpied joins LSI as the company’s chief operating officer (COO). AdvertisementClick Here to Read MoreAdvertisement DeMoulpied has a Bachelor of Science degree in Engineering Management from the United States Air Force Academy and a Master of Business Administration degree from the University of Dayton in Marketing and International Business. He served six years with the USAF overseeing the development of technology used on fighter aircraft and the E-3 Surveillance aircraft, finishing his career honorably as Captain. LSI President Brett Tennar says, “Steve’s success in developing operational strategies that improves the bottom line, builds teamwork, reduces waste and ensures quality product development and distribution checks many of the boxes of what we were looking for in a COO. This, coupled with his career in the Air Force working with highly technical systems and his in-depth understanding of Lean Six Sigma and Business Process Management sealed our offer. As our tagline states, our products are Powered by Science. This data driven approach is one reason why our company has grown exponentially as we employ the most advanced technology to product development. I am confident that Steve is the right person to drive operational strategy for our diverse and growing brands.” Advertisementlast_img read more

Ford’s Alan Mulally Named Morningstar 2010 CEO of the Year

first_imgCHICAGO – Morningstar Inc., an independent investment research firm, has named Ford President and CEO Alan Mulally as its 2010 CEO of the Year. AdvertisementClick Here to Read MoreAdvertisement Morningstar’s annual award recognizes a chief executive who exhibits exemplary corporate stewardship, demonstrates independent thinking, creates lasting value for shareholders, and has put his or her stamp on an industry. “All three of our nominees this year are skilled leaders,” said Paul Larson, equities strategist and editor of Morningstar StockInvestor. “Alan Mulally has implemented various measures since he took the reins of Ford in 2006 to position the automaker to compete better. We believe that consumer psychology, vehicle pricing dynamics, the growth in the pool of licensed drivers and the physics of vehicle wear and tear have contributed to millions of units of pent-up demand in the U.S. auto industry since 2007. Ford has prospered under Mulally’s leadership, and we expect the company’s earnings growth to rise over the next few years as the industry absorbs this latent demand.” Although he was an outsider to the automotive industry before taking over at Ford, Mulally has proved himself through his execution of several significant changes at the firm, according to Morningstar. These include:   • Recognizing that rising fuel prices will continue to drive consumers to buy cars rather than trucks, which Ford and other Detroit automakers have long depended on for profit, Ford has shifted more of its focus to the production of high-quality cars. The Ford brand was fifth overall in the 2010 J.D. Power and Associates Initial Quality Study, ahead of Toyota and Honda.Advertisement • Ford is now building and manufacturing its automobiles on common, global platforms, which will improve economies of scale and allow the company to switch production faster to meet changing demand. • Beginning in 2010, the Voluntary Employee Beneficiary Association (VEBA) took over United Auto Worker (UAW) health care costs from Ford, an agreement that puts Ford’s U.S. labor costs nearly on par with its non-U.S. rivals. “Morningstar holds Ford in high regard although the company lacks an economic moat — a set of sustainable competitive advantages — and scores poorly on Morningstar’s stewardship scale. However, the reasons behind these ratings are not tied to Mulally’s performance,” Larson added. “Ford has dual share classes and a high degree of family ownership. While we’d prefer to see a single share class so outside shareholders can exercise greater influence over the direction of the company, we put more weight on factors like Mulally’s efforts to procure as much cash as possible when he became CEO by opening new lines of credit and selling off non-core assets. When the recession and the credit crisis hit in late 2008, the company’s abundance of cash prevented Ford from having to rely on government aid like some of its competitors. Also, we expect Ford will use its free cash flow over the next few years to pay off its debts.”Advertisement The two other nominees for Morningstar’s 2010 CEO of the Year award were Jim Sinegal of Costco and Richard Adams of United Bankshares. The Morningstar CEO of the Year award was introduced in January 2000. Winners are chosen by Morningstar equity analysts based on Morningstar’s independent research. To see the complete list of past winners, click here.last_img read more

Credit squeeze could signal China crash

first_img“In the absence of policy change the credit squeeze could be regarded as a harbinger of a Chinese crash to come. And since China is still at an early stage of development, it may be a case of many bubbles and many crashes. The only question is whether the impact is felt globally, as in 1929, or mainly domestically, as with Japan in the 1990s. The longer policy remains inflexible, the greater the likelihood of a global backwash,” he said.last_img

The SIAD Group

first_imgGet instant access to must-read content today!To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.Don’t just stay connected, stay at the forefront – join gasworld and become a subscriber to access all of our must-read content online from just $270. Subscribelast_img

TAP Starts Land Easement and Acquisition

first_imgTAP begins its Land Easement and Acquisition (LEA) activities for the 870 km long Trans Adriatic Pipeline (TAP) in Albania, Greece and Italy.TAP has authorized its contractors to start surveys for collecting detailed information on the landowners living along the pipeline corridor to complement the existing cadastral data. The goal is to identify rightful landowners, establish property boundaries and evaluate the affected properties. TAP’s LEA process is based on acquiring access rights to land, in order to establish access for the pipeline.TAP will require temporary access to land for the construction strip where the pipeline will be buried and permanent access to land for installations such as compressor stations, block valve stations, etc. Following construction, TAP will also require land easements for the pipeline corridor and safety zones.TAP is carrying out its activities in accordance with the international standards of the European Bank for Reconstruction and Development (EBRD) to ensure that all affected people living along the pipeline corridor are compensated fairly and transparently.TAP has hired Royal HaskoningDHV (RHDHV) as its contractor for LEA activities. RHDHV is an international engineering and project management service provider and consultancy, based in the Netherlands.In 2014 TAP plans to enter into agreements with landowners regulating how the access to land can be granted. Royal HaskoningDHV will be contacting all affected landowners in the next months; it will mobilise a team of 200 staff members to carry out LEA activities in Greece, Albania and Italy.Albert Haak, TAP’s Land Easement and Acquisition Manager, said: “TAP’s LEA activities will be conducted in a very transparent manner and in accordance to the highest international standards.  TAP is committed to an open dialogue and building trustful and lasting relationships with the communities living along the future pipeline route.”Sjacco de Vos, Senior Project Manager for Royal HaskoningDHV, said: “Our goal is to ensure that access to land is secured and TAP can begin the pipeline construction on schedule, and also to ensure that people affected by the project are properly compensated according to the EBRD standards.”[mappress]LNG World News Staff, September 6, 2013last_img read more

Unto the breach

first_imgTo continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Subscribe now for unlimited access Get your free guest access  SIGN UP TODAY Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our communitylast_img read more

SFO investigating ‘tiny fraction’ of tip offs, says City firm

first_imgThe Serious Fraud Office (SFO) is investigating only a small percentage of the tip offs it receives as it struggles with an on-going lack of funding, a law firm has claimed.According to figures obtained by City firm Pinsent Masons in response to a Freedom of Information Act request, just 16 investigations were opened by the SFO in the year to June 2015. The number of whistleblowing reports to the SFO rose by 13% to more 2,800 in the same year.The reports were made though SFO Confidential, a dedicated email address for those wanting to report suspicions of serious fraud or corruption. The firm says that a lack of funding could mean some cases of serious fraud or corruption are not being fully investigated. It cited the fact that the SFO has made four requests for extra funding in as many years as evidence its lack of resources.Last month the SFO asked for £21.1m of extra funding, amounting to 60% of its budget, to pay for extra investigations.Barry Vitou, a partner and head of global corporate crime at Pinsent Masons, said it was ‘disconcerting’ that such a tiny fraction of tip offs are developing into full investigations.He said: ‘Investigations carried out by the SFO are both time-consuming and expensive. Opening a new case becomes an uninviting prospect when resources are already over-stretched. The idea that available budget does not impact outcomes does not hold up to much scrutiny.‘With a whistle-blower reporting system in place but not enough money, the SFO will be forced to continue to prioritise only the cases it considers most important – leaving others to fall by the wayside.’ But the SFO pointed that not all fraud falls within its ‘very specific remit’ .A spokesperson said: ‘If the information provided is not for us, we pass it on to other relevant law enforcement agencies and regulators. To suggest the SFO has not been able to investigate is deliberately to misinterpret this data.’It is also wrong to suggest that the SFO’s budget impacts its ability to pursue cases – the SFO will never refuse to take on an investigation on grounds of cost, as demonstrated by its current caseload.’last_img read more

Retired US army veteran charged in Haitian bribery scandal

first_imgFormer soldier arrested in BostonA retired United States Army colonel has been charged for his alleged role in a foreign bribery and money laundering scheme. The charges stem from unusual occurrences with a planned multi-million-dollar port development project in Haiti.The army veteran, Joseph Baptiste, 64, was arrested Tuesday morning on a criminal complaint filed in the District of Massachusetts. He was charged with one count of conspiracy to violate the Foreign Corrupt Practices Act and to launder money.Allegations against Baptiste are that he solicited bribes from undercover agents in Boston who posed as potential investors in infrastructure projects in Haiti, in connection with a proposed project to develop a port in the Moles Saint Nicolas area of Haiti.The proposed project was expected to cost almost US$84 million and was to involve the construction of multiple cement factories, a shipping-vessel recycling station, an international transshipment station with numerous slips for shipping vessels, a power plant, a petroleum depot and tourist facilities.Baptiste allegedly told the agents, in a recorded meeting at a Boston-area hotel, that he would filter the monies to Haitian officials through a non-profit entity that he controlled – the Maryland-based National Organization for the Advancement of Haitians which purported to help impoverished residents of the French-speaking nations – in order to secure government approval of the project.It further alleges that in telephone calls intercepted by agents as authorized by the court, Baptiste discussed bribing an aide to a senior Haitian official by giving him a job on the port development project after he left his position.Prosecutors claim that after undercover agents wired approximately US$50,000 to Baptiste’s charity for the purpose of bribing Haitian officials, he used it for personal purposes, though he intended to seek additional money from the agents to use for future bribe payments in connection with the port project.last_img read more

As city encroaches on Nairobi park, wild animals freedom to roam…

first_imgREUTERS – FILE PHOTO Rhinos, lions, buffalo and leopards range against the background of a city skyline in the Nairobi National Park, Africa’s only game reserve within a capital city.REUTERS – FILE PHOTOThe park has been fenced in on three sides as the city mushroomed around it.Outside its unfenced southern boundary, the banks of the Mochiriri River are a favoured refuge for breeding lions. Animals often pass through to make their way to larger parks beyond.But the Kenya Wildlife Service (KWS) has proposed a 10-year plan to fence land along the southern boundary to reduce conflict between people and animals.The idea has many conservationists up in arms and a court hearing on the plan is scheduled on Wednesday.“This is the lifeline of this park,” said Reinhard Nyandire, a conservationist working with the Friends of Nairobi National Park, gesturing to the open pastures behind him.“When they fence the park, you cut them (the animals) off,” he said.The volunteer group is dedicated to helping KWS keep the lands around the park open.The KWS director general and spokesmen did not respond to requests to discuss the plan.Commercial buildings are encroaching on the park’s land and in 2018, a six-km railway bridge was built through it. Sewage from nearby settlements empties into the river, KWS reports say.Animals often leave the park during the rainy season when the grass is too long to see predators and return during the dry season when the grass inside is more lush. The park also links up to migration corridors leading to larger parks.The plan proposes fencing in land on the southern boundary if the owners are willing, or if they do not agree, to fence the park itself.A 2016 KWS report said fencing was the “least suitable option” to reduce animal-human conflict. Shrinking ranges would cause conflict among rhinos and lions, other species could not migrate, and inbreeding would be a problem.It is not the only option. The plan itself said conservation initiatives such as installing free motion-sensor lights to deter lions have already reduced human-animal conflict.Nkamunu Patita, co-ordinator for the Naretunoi conservancy which borders the park, said many landowners do not want any fencing.When Reuters visited Naretunoi, herds of zebras were resting there with fluffy babies, unsteady young giraffe grazed alongside their mothers, and ostrich and wildebeest roamed alongside Maasai cows.Freedom to move across wide swathes of land benefits both wildlife and Maasai herders, she said.“Their way of life is compatible with conservation,” she said. “That’s why you see zebras and cows grazing together.”Related Pressure on Nairobi National park as the city expands Lion injures 1 in Nairobi after straying from parkcenter_img Animals electrocuted at South Africa Parklast_img read more

Ilonggo Thirdy Ravena signs as import in Japan league

first_imgFerdinand “Thirdy” Ravena III will see action in the Japan Professional Basketball League. FIBA PHOTO Ravena now follows the path taken by older brother Kiefer, who trained for a year in the US and served as practice player for Texas Legends in the NBA G-League before suiting up for the NLEX Road Warriors. “Nangangarap lang din ako. It’s not like I’m trying to dodge any team. Skipping the draft was a risk on my part because I have no guaranteed team. If those plans don’t push through, I don’t have a team so it’s a risk for me,” Thirdy said before. MANILA – Ilonggo guard Ferdinand “Thirdy” Ravena III is taking the same professional route as his brother. He agreed to play as reinforcement in the Japan Professional Basketball League. “Ever since before, I’ve always wanted to play internationally. And now that I have a chance – and it’s not just me exploring my options, there are actually offers – it’s a dream that I’ve always had and it would be a waste if I didn’t take it,” he said. The Japan B.League’s “Asian Player Quotas”,” instituted in November of last year, aims to open doors for more non-Japanese Asian players to “enhance competition in daily games…and expand business in the Asian market.” “It’s not really a matter of skipping the PBA. Who doesn’t want to play in the PBA?” he said in a mix of English and Filipino. “I just hope they understand and reconsider that rule. Chances for players to play worldwide will be wasted,” he added. “If one gets called up for the national team, he can bring that experience and it’s gonna make everyone better and raise the level of basketball higher. I hope they reconsider it. I’m just a kid with a dream,” the Ilonggo guard further said. The decision prompted PBA commissioner Willie Marcial to remind him of the league rules where players who skip the rookie draft for two straight years could face PBA ban. Thirdy will look to help the Aichi-based team led by former Japanese national team members Atsuya Ota, Takanobu Nishikawa, and Hisashi Da Silva bounce back from a season worst 5-36 record the last time out. The Japan B.League announced on Wednesday that the former Ateneo de Manila University Blue Eagles standout is set to suit up as “Asian Player Quotas” for the San-en NeoPhoenix in the 2020-2021 season. Thirdy, who saw action for Gilas Pilipinas in the 2021 FIBA Asia Cup qualifier earlier this year, skipped the 2019 PBA Rookie Draft after receiving feelers from Japan and Australia. The Japan B.League was founded in 2015, but traces its roots to several tournaments organized by Japan Basketball Association, the country’s governing body./PNlast_img read more

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