Interim

Rootstock Software Names Richard Berger as New CEO

Retrieved on: 
Wednesday, May 1, 2024

Rootstock Software, a recognized leader in the Manufacturing Cloud ERP space, today announced the appointment of Richard (Rick) Berger as Chief Executive Officer.

Key Points: 
  • Rootstock Software, a recognized leader in the Manufacturing Cloud ERP space, today announced the appointment of Richard (Rick) Berger as Chief Executive Officer.
  • In this role, Berger will lead Rootstock’s vision and strategy as the company ushers in a new chapter of innovation.
  • Berger succeeds Interim CEO Jeff Ralyea , who will continue to serve as Executive Chairman of the Board, maintaining his advisory role.
  • For more on Rootstock’s leading Manufacturing ERP platform that Berger will be leading, check out https://www.rootstock.com/ .

Aubex Therapeutics Launches to Revolutionize Cancer Treatment With Novel Compounds Directed Toward the Tumor Microenvironment

Retrieved on: 
Wednesday, May 1, 2024

Aubex Therapeutics Inc., a pioneering biotechnology firm, announced its official launch, heralding a new era in the battle against cancer.

Key Points: 
  • Aubex Therapeutics Inc., a pioneering biotechnology firm, announced its official launch, heralding a new era in the battle against cancer.
  • Under the guidance of Board Member and Interim CEO, Jeffrey Glazer , Aubex’s initial program is focused on novel compounds aimed at transforming the treatment of solid tumor malignancies through a unique approach to modifying the tumor microenvironment (TME).
  • This innovative program demonstrates promising early activity in altering the tumor microenvironment, marking a significant milestone in immuno-oncology.
  • The launch of Aubex Therapeutics marks a pivotal moment in the ongoing effort to develop more effective cancer treatments.

UGI Reports Fiscal 2024 Second Quarter Results, Concludes Strategic Review and Affirms Fiscal 2024 Guidance

Retrieved on: 
Wednesday, May 1, 2024

UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended March 31, 2024 and announced that its Board has unanimously decided to conclude the strategic review of its LPG businesses, which was primarily focused on AmeriGas Propane.

Key Points: 
  • UGI Corporation (NYSE: UGI) today reported financial results for the fiscal quarter ended March 31, 2024 and announced that its Board has unanimously decided to conclude the strategic review of its LPG businesses, which was primarily focused on AmeriGas Propane.
  • Concludes the strategic review of the LPG businesses and retains ownership of AmeriGas Propane.
  • Repositions UGI to drive a high-performing, customer centered and results-driven organization, targeting a long-term EPS growth rate of 4 – 6%.
  • Affirms its fiscal 2024 adjusted diluted EPS guidance range of $2.70 - $3.002 per share.

Luna Innovations Retains Industry Veterans to Lead Strategy, Operations and Finance

Retrieved on: 
Wednesday, May 1, 2024

Luna Innovations Incorporated (NASDAQ: LUNA) (the “Company”), a global leader in advanced fiber optic-based technology, today announced that it has retained senior executives and industry veterans Alex Davern and Kevin Ilcisin as consultants to provide strategic advice and counsel with respect to the Company’s operations and strategy.

Key Points: 
  • Luna Innovations Incorporated (NASDAQ: LUNA) (the “Company”), a global leader in advanced fiber optic-based technology, today announced that it has retained senior executives and industry veterans Alex Davern and Kevin Ilcisin as consultants to provide strategic advice and counsel with respect to the Company’s operations and strategy.
  • Mr. Davern and Mr. Ilcisin will report to Richard Roedel, the Company’s Interim Executive Chairman and Interim President.
  • Mr. Davern and Mr. Ilcisin will play a leading role in the strategic review process and will begin their work with a full review of Luna’s operations and strategy.
  • There is also no assurance as to the specific terms or timing for any agreed transaction if one were to result.

U. S. Steel Battery-Powered Locomotives Receive “Governor’s Award for Environmental Excellence” from the Pennsylvania Department of Environmental Protection

Retrieved on: 
Wednesday, May 1, 2024

S. Steel” or the “Company”) (NYSE: X) received the “Governor’s Award for Environmental Excellence” from the Pennsylvania Department of Environmental Protection (DEP) for converting two of its diesel locomotives to battery power.

Key Points: 
  • S. Steel” or the “Company”) (NYSE: X) received the “Governor’s Award for Environmental Excellence” from the Pennsylvania Department of Environmental Protection (DEP) for converting two of its diesel locomotives to battery power.
  • The locomotives are located at the Mon Valley Works’ Edgar Thomson and Clairton Plants where they are used for carrying steel, coke, scrap metal, iron ore, and other materials necessary for production.
  • The switch to battery-powered locomotives is expected to reduce airborne particulate matter (PM2.5) emissions at the facilities by .385 tons - the equivalent emissions of 7,000 gasoline-powered passenger vehicles.
  • U. S. Steel invested more than $2.3 million in the locomotives while the remaining cost was offset through a partnership with the DEP.

Focus Financial Partners Appoints Michael Nathanson as Chief Executive Officer

Retrieved on: 
Tuesday, April 30, 2024

Focus Financial Partners Inc. (“Focus”), a leading partnership of fiduciary wealth management and related financial services firms, announced that Michael Nathanson, President of Focus, has been appointed the Company’s Chief Executive Officer, effective immediately.

Key Points: 
  • Focus Financial Partners Inc. (“Focus”), a leading partnership of fiduciary wealth management and related financial services firms, announced that Michael Nathanson, President of Focus, has been appointed the Company’s Chief Executive Officer, effective immediately.
  • Dan Glaser, Chairman of Focus’ Board of Directors and Operating Partner at Focus’ majority investment partner, Clayton, Dubilier & Rice (“CD&R”), who had been serving as Interim CEO, has been named Executive Chairman.
  • These pivotal leadership appointments represent an important pillar of Focus’ continued evolution as a firm.
  • In his role as Executive Chairman, Mr. Glaser will remain involved in Focus’ business and setting its strategic direction.

Wolverine Worldwide Appoints Dave Latchana Chief Legal Officer and Corporate Secretary

Retrieved on: 
Tuesday, April 30, 2024

Wolverine World Wide, Inc. (NYSE: WWW) today announced that Dave Latchana has been appointed Chief Legal Officer and Corporate Secretary, with oversight of the Company’s legal, compliance, corporate communications, risk management, ESG and security and loss prevention functions.

Key Points: 
  • Wolverine World Wide, Inc. (NYSE: WWW) today announced that Dave Latchana has been appointed Chief Legal Officer and Corporate Secretary, with oversight of the Company’s legal, compliance, corporate communications, risk management, ESG and security and loss prevention functions.
  • View the full release here: https://www.businesswire.com/news/home/20240430638171/en/
    Dave Latchana, Chief Legal Officer and Corporate Secretary of Wolverine Worldwide (Photo: Business Wire)
    Mr. Latchana has been at Wolverine Worldwide for nearly 16 years, joining the Company in 2008 as Corporate Counsel.
  • “Dave has demonstrated tremendous leadership and is an integral member of our management team,” said Chris Hufnagel, President and Chief Executive Officer.
  • We look forward to continuing to benefit from his deep knowledge and significant legal and industry expertise as we execute our transformation plan.”
    “I am honored to be named Chief Legal Officer and Corporate Secretary at such an important time, and to continue growing my career here at Wolverine Worldwide,” said Mr. Latchana.

Central Garden & Pet To Announce Q2 Fiscal 2024 Financial Results

Retrieved on: 
Tuesday, April 30, 2024

Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), a market leader in the Pet and Garden industries, will announce results for its fiscal 2024 second quarter ended March 30, 2024, after the close of trading on Wednesday, May 8, 2024.

Key Points: 
  • Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) (“Central”), a market leader in the Pet and Garden industries, will announce results for its fiscal 2024 second quarter ended March 30, 2024, after the close of trading on Wednesday, May 8, 2024.
  • On that day, Central will hold a conference call at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time), hosted by Beth Springer, Interim CEO, and Niko Lahanas, CFO, to discuss these results and to provide a general business update.
  • The live webcast and a replay as well as related materials will be accessible at http://ir.central.com .
  • Alternatively, to participate by phone, please dial +1 (201) 689-8345 (domestic and international).

Vince Holding Corp. Reports Fourth Quarter and Fiscal Year 2023 Results

Retrieved on: 
Tuesday, April 30, 2024

For the fourth quarter ended February 3, 2024:

Key Points: 
  • For the fourth quarter ended February 3, 2024:
    Total Company net sales decreased 17.5% to $75.3 million compared to $91.3 million in the fourth quarter of fiscal 2022.
  • The tax expense in the fourth quarter of fiscal 2023 compares to an income tax expense of $1.7 million in the same period last year.
  • The Company ended the quarter with 63 company-operated Vince stores, a net decrease of 4 stores since the fourth quarter of fiscal 2023.
  • The Company follows the retail 5-4-4 reporting calendar, which included an extra week in the fourth quarter of fiscal 2023 (the 53rd week).

Technology Advancement Center Expands Board of Directors

Retrieved on: 
Tuesday, April 30, 2024

The Technology Advancement Center ( TAC ), a cybersecurity nonprofit driving small business and academic engagement, STEM and workforce development opportunities, and proof of concept innovation, is pleased to welcome newly appointed members to its Board of Directors.

Key Points: 
  • The Technology Advancement Center ( TAC ), a cybersecurity nonprofit driving small business and academic engagement, STEM and workforce development opportunities, and proof of concept innovation, is pleased to welcome newly appointed members to its Board of Directors.
  • To date, TAC has allocated over $100 million to small businesses, enhancing economic development by assisting the small business ecosystem in bringing innovative, cutting-edge technology to market.
  • "In my tenure working in the technology sector, I can confidently say TAC’s Board of Directors is one of the most impressive collections of leaders this industry has to offer," said Gregg Smith, CEO of TAC.
  • Together, this roster of board members will ensure TAC continues to enable innovation and generate much needed opportunities for small businesses and future members of our technology workforce."