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Scoular Names Bryan Wurscher Division Manager and General Manager of Scoular’s Special Crops Business
The Scoular Company today announced that Bryan Wurscher has joined Scoular’s senior leadership team as Vice President, Division Manager and General Manager of the company’s special crops business. He is reporting to CEO Paul Maass and working from Scoular’s office in Minneapolis, Minn.
Wurscher will oversee all aspects of the company’s operation that sources and processes special crops in Canada and U.S. for use around the world. Scoular’s special crops offering includes various pulses (lentils, whole and split peas, edible beans, and chickpeas) as well as canary seed, flaxseed, and sunflower seed.
“Bryan is a strong leader, and I’m thrilled to have him bring 20-plus years of diverse experience and talent to this critical role,” said Maass.
Wurscher came to Scoular from Cargill where he most recently served as President and Managing Director Cocoa & Chocolate, Cargill North America. Wurscher joined Cargill in 1995 and held a variety of general management, commercial, merchandising and business development roles with Cargill’s Trade and Structured Finance, Sugar, Corn Milling and Cocoa & Chocolate businesses. His roles included assignments in the United States, Singapore and Mexico.
A 125-year old employee-owned company with nearly USD 5 billion in sales, Scoular’s 100+ independent business units provide diverse supply chain solutions for end-users and suppliers of grain, feed ingredients, and food ingredients around the globe. From 120 offices and grain-handling facilities in North America, South America, and Asia, 1000+ employees are engaged in the business of buying, selling, storing, handling, and processing grain and ingredients as well as managing transportation and logistics worldwide. Scoular was listed 81st on Forbes magazine’s 2017 America’s Largest Private Companies.
Semperit Group – New management team and major contracts for Sempertrans
The Sempertrans segment of the Semperit Group, one of the leading manufacturers of conveyor belts worldwide, has a new management team. Its major goals are to increase profitability sustainably and utilise market opportunities efficiently. “With two new major contracts for copper mines in Asia and America we have done outstandingly well recently. Overall, we will supply more than 60 km of our high-performance conveyor belts,” says Semperit-CEO Martin Fuellenbach.
Since April 2017, Markus Keller (49) has been Head of the Sempertrans segment. In this position, he is responsible for the realignment of the segment and the associated stronger positioning as a solution provider. He studied mechanical engineering, has 25 years of experience in the conveyor belt industry and has worked successfully as Head of Technical and Operations of Sempertrans since 2011.
As Head of Operations since June 2017, Franz-Otto Geesmann (49) has strengthened the Sempertrans management team, bringing with him years of experience in the field of conveyor belt technology. Prior to that, he contributed his technological expertise as well as his extensive industry knowledge to renowned companies such as RWE, Thyssenkrupp and FLSmidth.
In August 2017, Peter Klaus took over the position as Head of Commercial Sempertrans. After 22 years of various positions with ContiTech and three years with Fenner, he worked most recently as Managing Director of Fourthane Productive Solutions in Chile. The fifty-year-old studied mechanical and production engineering in Hannover.
President and Chief Creative Officer Christopher Bailey to transition from Burberry
Burberry announces that Christopher Bailey will leave the Company at the end of 2018.
As Burberry begins the next decade of its journey, Christopher has concluded that after 17 years it will be the right time for him to pursue new creative projects. Christopher will remain President and Chief Creative Officer until 31 March 2018, when he will step down from the Board. He will provide his full support to Chief Executive Officer Marco Gobbetti and the team on the transition until 31 December 2018.
Since joining in 2001, Christopher has been a driving force behind Burberry’s transformation. In that time, Burberry has grown from a small licensed outerwear business to become one of the world’s largest and most admired global luxury brands.
Christopher became CEO and Chief Creative Officer in May 2014. In this joint role, he continued to push boundaries and led the ongoing elevation of the brand. He has also built a highly talented and experienced creative team, capable of the constant re-invention that Burberry is known for.
Christopher worked with the Board to put in place a new leadership structure and in July was succeeded as CEO by Marco Gobbetti. Since then, Marco and Christopher have worked together to shape an ambition and a strategy for the next chapter to accelerate the growth and success of the Burberry brand. They have also strengthened the leadership team.
Marco understands and supports Christopher’s decision and will now begin the process of finding a successor.
Marco Gobbetti, Chief Executive Officer, commented: “Burberry has undergone an incredible transformation since 2001 and Christopher has been instrumental to the Company’s success in that period. While I am sad not to have the opportunity to partner with him for longer, the legacy he leaves and the exceptional talent we have at Burberry give me enormous confidence in our future. We have a clear vision for the next chapter to accelerate the growth and success of the Burberry brand and I am excited about the opportunity ahead for our teams, our partners and our shareholders.”
Christopher Bailey, President and Chief Creative Officer, said: “It has been the great privilege of my working life to be at Burberry, working alongside and learning from such an extraordinary group of people over the last 17 years. Burberry encapsulates so much of what is great about Britain. As an organisation, it is creative, innovative and outward looking. It celebrates diversity and challenges received wisdoms. It is over 160 years old, but it has a young spirit. It is part of the establishment, but it is always changing, and always learning. It has been a truly inspiring place to work and the decision to leave was not an easy one. I do truly believe, however, that Burberry’s best days are still ahead of her and that the company will go from strength to strength with the strategy we have developed and the exceptional talent we have in place led by Marco. I would like to thank all my colleagues as well as Sir John Peace and the Board for all their support and faith in me over the years. I am excited to pursue new creative projects but remain fully committed to the future success of this magnificent brand and to ensuring a smooth transition.”
Sir John Peace, Chairman, commented: “Christopher is a unique talent and an exceptional person and I would like to thank him personally for his part in transforming Burberry. He has been a great partner to me and he leaves the Company in the very best of hands, with a strong team and culture in place, led by Marco as CEO. I have total confidence that Marco’s vision and leadership, with the excellent management team in place, will keep Burberry on the forefront creatively, digitally and financially, creating further value for shareholders in the next exciting stage of our evolution.”
Full details of all payments made to and receivable by Christopher Bailey in respect of his services as a director of the Company will be disclosed in the Directors’ Remuneration Report within the Company’s Annual Report and Accounts for the year ended 31 March 2018, and subsequent year, as appropriate.
To note the following:
For the period of continued employment to 31 December 2018 Christopher Bailey will receive, in accordance with his service agreement, his salary, pension and contractual cash allowance and non-cash benefits.
He will receive a bonus for the year ended 31 March 2018, subject to performance determination and payable in July 2018. No bonus will be paid in respect of the period April to December 2018.
The final tranche of the 2013 exceptional award will vest in accordance with its terms in July 2018.
The first tranche of the 2015 Executive Share Plan (ESP) and the second tranche of the 2014 Restricted Share Plan award will vest, subject to performance determination in the case of the ESP award, in July 2018.
Christopher Bailey has agreed to waive the remainder of his ESP awards and his remaining RSP award other than those referred to above.
Christopher Bailey has agreed to waive the pro-rated portion of the second tranche of the 2014 exceptional performance-based award and the third tranche of the 2014 exceptional performance-based award to reflect that he only served as CEO of the Company from April 1 to July 5 of the 2017/18 performance year. The pro-rated portion of the second tranche of the award is subject to performance for the period up to July 5, 2017 when he ceased to be CEO and will vest in accordance with its terms in July 2018.
Hudson’s Bay CEO leaving ahead of Key Shopping Season
Gerald Storch will step down Nov. 1, 2017, and former CEO Richard Baker will lead the company in the interim
The CEO of Hudson’s Bay Co., the owner of Saks Fifth Avenue and Lord & Taylor, is leaving the retailer ahead of the critical holiday shopping season and in the midst of a restructuring effort to boost sales.
CEO Gerald Storch will step down from the role Nov. 1 and return to his advisory firm Storch Advisors, the company said on October 20, 2017. He had held the post for three years and prior to serving as Hudson’s Bay leader, he was an executive at Target Corp. and had been CEO of Toys “R” Us Inc. It seems that it is a forced outgoing.
Executive Chairman Richard Baker, who has previously served as Hudson’s Bay CEO, will lead the company in the interim, Hudson’s Bay said.
The company has recruited a search firm to identify a permanent CEO. Shares in Hudson’s Bay have fallen 30% over the past 12 months. The stock closed October 20 up 0.9 % at CAD 11.96 (USD 9.47).
The new leader will likely work on turning around the business without the help of a major department-store acquisition. This year Hudson’s Bay has approached Macy’s Inc. and then Neiman Marcus Group LLC in potential takeover bids, but talks both times faltered without reaching in a deal.
Hudson’s Bay, which calls itself North America’s oldest company, started as a royal-chartered fur-trading company in 1670. Today, it is largely known for its retail stores. In addition to Saks and Lord & Taylor, it owns the Hudson’s Bay chain in Canada and Galeria Kaufhof in Germany.
Baker, in a conference call last month to discuss its second-quarter results, said the company wasn’t interested in buying another retailer in the near-term.
“Right now, our entire team in North America and Europe is focused on delivering a strong holiday season and best serving our customers,” Mr. Baker said Friday in a statement. “At the same time, we are looking to the future with great anticipation as we work on plans to maximize the strength of our leading retail and real-estate assets.”
The CEO change also comes as Jonathan Litt’s Land & Buildings Investment Management LLC has ratcheted up pressure on Hudson’s Bay management in recent months to explore options such as taking the company private or monetizing its real-estate holdings. Litt is well known for agitating for change in real-estate circles.
The Canadian retailer has said it was looking into such things as leasing space in its department stores to other brands, like Topshop and Sephora, and selling stores. It has also moved to restructure its North American business, to save some CAD 350 million a year.
Through six months ended July 29, the company’s net loss widened to CAD 422 million, from CAD 239 million in the year-ago period, with sales edging down 0.9 % to CAD 6.49 billion.
Darleen Caron named Executive Vice President and Chief HR Officer of LyondellBasell
LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, today announced the appointment of Darleen Caron as Executive Vice President and Chief Human Resources Officer.
“Darleen’s track record of leading global HR functions, combined with her ability to design and implement strategic programs enabling business objectives make her a terrific fit for this role,” said Bob Patel, CEO of LyondellBasell. “As we look to the future, I firmly believe a world-class HR function is key to strengthening our already outstanding team around the globe.”
Most recently, Caron was Executive Vice President of global human resources for SNC-Lavalin, Inc. Previously, she led HR functions for the Dow Chemical Company and ABB, and both HR and environment, safety and health for Alcan.
Caron holds a BBA from the Université du Québec à Montréal. She will join the company Monday, October 30, 2017.
LyondellBasell is one of the largest plastics, chemicals and refining companies in the world. Driven by its 13000 employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges like enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, and improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road. LyondellBasell sells products into approximately 100 countries and is the world’s largest licensor of polyolefin and polypropylene technologies.
Stanley Black & Decker elects NIKE CIO Jim Scholefield to Its Board Of Directors
Stanley Black & Decker has elected Jim Scholefield, 55, Vice President and Global Chief Information Officer of NIKE, Inc., to the company’s Board of Directors. Scholefield brings the company’s total number of directors to 11, including 10 independent directors, of which half are diverse
“Stanley Black & Decker is focused on accelerating its innovation efforts to enhance its track record of delivering top-quartile financial performance while operating in a highly sustainable manner,” said George W. Buckley, Stanley Black & Decker’s Chairman of the Board. “Jim’s expertise in this digitization and technology space spans both consumer products and automotive industries, as well as organizations with strong brands. He will be of tremendous value to the company, and we couldn’t be more pleased to have Jim as part of our Board.”
At Nike, Scholefield leads the company’s enterprise technology strategy, delivering innovative solutions to support the company’s business growth. Prior to joining Nike in 2015, Scholefield was Chief Technology Officer at The Coca-Cola Company, responsible for the organization’s IT strategy, tech operations and technology engineering. He also held IT leadership roles at Northern Trust, Ford Motor Company and Procter & Gamble. Scholefield earned a Bachelor’s from Florida State University and a Master’s from the Georgia Institute of Technology.
“Technology continues to move at a rapid pace, causing massive disruption across businesses and industries,” said Scholefield. “Stanley Black & Decker is a company that recognizes that change is coming and is committed to keeping the pace with innovation and business model evolutions to stay ahead of the curve. It’s an organization with strong brands, a rich history and an exciting future. I look forward to being part of the Board.”
Stanley Black & Decker, an S&P 500 company, is a diversified global provider of hand tools, power tools and related accessories, electronic security solutions, healthcare solutions, engineered fastening systems and more.
New CFO at KappAhl
Peter Andersson has been appointed new CFO of the KappAhl Group effective during April 2018, the latest. Peter Andersson has worked for many years as CFO of AB Lindex, where he currently is Director of Expansion
“I am very pleased with the recruitment of Peter. His extensive expertise and experience from retail will be a great asset to KappAhl”, says Danny Feltmann, KappAhl’s President and CEO.
As from April 2018 Peter Andersson will lead and develop the financial work of the KappAhl Group. He was born in 1964, is a trained economist with an MBA from the University of Gothenburg. Peter has many years of international experience from the retail business out of strategic and operational perspective as well as qualified work in financial and risk management. He has previously worked for ICA Handlarna AB. Since 2001, Peter Andersson has been employed at AB Lindex, where he has been CFO for many years and where he, since the summer of 2017, is Director of Expansion.Prior to the appointment of Peter Andersson, Torbjörn Gustafsson, who is responsible of the Group Controller function at KappAhl, will be acting CFO for the time until an external interim solution is in place. This is expected to take place in December.
KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with 370 KappAhl and Newbie stores, including Shop Online, in Sweden, Norway, Finland, Poland and Great Britain. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for 53 per cent of the range. Sales for 2016/2017 totaled SEK 4.9 billion and the company has approx. 4000 employees in nine countries
Unifi announces election of Kevin D. Hall as Chairman of the Board and Archibald Cox, Jr. as Lead Independent Director
Unifi, Inc., one of the world’s leading innovators in synthetic and recycled yarns, today announced the election of Kevin D. Hall as Chairman of the Board of Directors. Hall will also continue to serve as Chief Executive Officer, a position he has held since May 2017. In addition, Archibald Cox, Jr. was elected as Lead Independent Director.
Hall has more than 30 years of strategic marketing and brand development experience, along with leadership and managerial experience in the apparel industry. During his tenure as Chief Executive Officer, Hall has led the Unifi team toward growth in domestic and international sales, with a strong focus on expanding the REPREVE® platform, along with other premium value-added products.
James (Jim) Mead, who has been serving as Non-Executive Chairman of the Board, said, “I am delighted to have someone of Kevin’s calibre take on this critical role.” Mr. Mead will continue to serve Unifi as an independent director, bringing leadership and strategic management experience.
“I am honoured by and grateful for the confidence of the Board of Directors,” Hall said. “The Board has been integral to the changes made to our executive leadership team in recent months. Jim Mead’s vision and leadership during this process as Non-Executive Chairman was invaluable. The recent additions of significant new talent have strengthened our competitive position, and we believe we are on track to become the global textile industry leader in recycling and an innovation partner of choice.”
Archibald (Archie) Cox, Jr. has served Unifi as an independent director since 2008. He is Chairman of Sextant Group, Inc., a financial advisory and private equity firm, and former Chairman of Barclays Americas, a position he held from May 2008 to June 2011.
Unifi, Inc. is a multi-national manufacturing company that produces and sells recycled and other processed yarns designed to meet customer specifications, and premium value-added (“PVA”) yarns with enhanced performance characteristics. Unifi maintains one of the textile industry’s most comprehensive polyester and nylon product offerings. Unifi enhances demand for its products, and helps others in creating a more effective textile industry supply chain, through the development and introduction of branded yarns that provide unique performance, comfort and aesthetic advantages. In addition to its flagship REPREVE® products – a family of eco-friendly yarns made from recycled materials – key Unifi brands include: SORBTEK®, REFLEXX®, aio® – all-in-one performance yarns, SATURA®, AUGUSTA® A.M.Y.®, MYNX® UV, and MICROVISTA®. Unifi’s yarns are readily found in the products of major brands in the apparel, hosiery, automotive, home furnishings, industrial, and other end-use markets.