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Archive for the 'Management changes' Category

ITT announces management changes

December
8

ITT Corp. of White Plains announced two changes in upper-level management.

David Melcher was named president of ITT Defense Electronics & Services. Melcher, 54, was also elected a corporate vice president. He previously was head of strategy, business development and international sales for ITT’s defense business.

ITT also named Gretchen McClain to the new position of president of ITT Fluid and Motion Control. McClain, 46, had been president of ITT Fluid Technology since March 2007.

Posted by Jay Loomis on Monday, December 8th, 2008 at 5:40 pm |
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Pepsi Bottling names chief strategy officer

December
1

Eric Llopis recently joined Pepsi Bottling Group Inc. in Somers as senior vice president and chief strategy officer.

Llopis, responsible for leading the company’s planning efforts, will focus on such areas as diversifying the company’s brands and capitalizing on geographic growth opportunities. Llopis most recently was director of competitive strategy at Miller Brewing Co.

Before joining Miller in 2005, he co-founded Auctive, a management consulting firm whose clients included consumer product companies Diageo, Coors, Kellogg and Eastman Kodak.

Posted by Jay Loomis on Monday, December 1st, 2008 at 4:58 pm |
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CFO named at Reader’s Digest

November
25

Thomas A. Williams was named senior vice president and chief financial officer of The Reader’s Digest Association Inc. in Chappaqua. Williams previously spent two years as executive vice president and chief financial officer at Affinion Group Inc. in Norwalk, Conn. Before that, he spent more than 20 years with AT&T, including a stint as CFO of the company’s Network, Customer Service & Merger Synergies Division.

Posted by Jay Loomis on Tuesday, November 25th, 2008 at 12:03 pm |
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BioScrip names president

November
21

BioScrip Inc., an Elmsford-based pharmacy benefits manager, has named Richard M. Smith as its president and chief operating officer.

Smith has more than 14 years of management experience in the health care industry.

Most recently, he was chief executive officer and director of Byram Healthcare Centers Inc., a provider of medical supplies and pharmacy products to patients with chronic conditions. Smith also was previously the president and chief operating officer of Option Care Inc., a specialty pharmaceutical company.

Posted by Jay Loomis on Friday, November 21st, 2008 at 12:00 pm |
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Drew announces management changes

November
20

Leigh J. Abrams will step down as the chief executive officer of Drew Industries Inc. after nearly 30 years running the White Plains-based company. His unusually long tenure as CEO, which began during a recession in 1979 and ends with the country in the midst of another economic crisis, saw him build Drew into a major manufacturer of parts for recreational vehicles and manufactured homes.

Abrams, 66, will remain at Drew as chairman of the board.

Drew also announced additional changes in top management.

Fred Zinn, Drew’s president, will become CEO and remain a member of Drew’s board. Edward W. “Rusty” Rose, III, chairman since 1984, was named lead director. The changes are effective Jan. 1.

“In the 28 years Fred has been with Drew, he has played a key role in growing Drew from a small company to a market leader for RV and manufactured home components,” Abrams said in a written statement. “We look forward to Fred’s leadership as we continue our successful strategy based on market share growth, new product introductions, acquisitions and operational efficiencies.”

Zinn, 57, was named chief financial officer in 1986 and appointed executive vice president in 2001. In May, Zinn was promoted to president.

“Over the last 28 years I’ve learned extensively from both Leigh and Rusty, and I’m delighted that we will continue to have guidance from them in their new roles on Drew’s board of directors,” Zinn said.

Posted by Jay Loomis on Thursday, November 20th, 2008 at 6:34 pm |
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Tolomer to take reins at Westchester Bank

October
22

John M. Tolomer, a former regional executive with Commerce Bank, will return to the area when he takes over as president and chief executive officer of The Westchester Bank in Yonkers effective Nov. 3.
Tolomer, 52, will succeed George E. Dunkel, who will retire after nearly 50 years in the business, Westchester Bank said. Dunkel joined Westchester Bank last year after retiring in 2005 as president and chief executive of Community Bank of Sullivan County.
Tolomer held positions with Citibank and Bank of New York, and served as senior vice president at the latter. In 2003 he joined Commerce Bank and helped lead its expansion in the Westchester market. In 2005 he was named president of Commerce Florida.

Posted by Jerry Gleeson on Wednesday, October 22nd, 2008 at 5:02 pm |
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Ex-Union State manager to lead Community Bank

August
12

Eric J. Wiggins, a senior manager at the former Union State Bank of Orangeburg, has been tapped to run Community Bank of Orange.
Wiggins will take over as president and chief executive officer at the bank effective Aug. 25. Last month an investment group that included former members of Union State’s board of directors said they would take an equity stake in Community Bank. The bank has lost money since its inception in 2002; its stock is traded over the counter.
Wiggins has 20 years in banking in the Hudson Valley. He had been senior vice president of commercial lending at Union State before it was bought at the start of this year by KeyCorp, where he continued as a senior vice president.
He will succeed Anthony Ingrassia as CEO. Suffern builder Kenneth Torsoe, a former Union State director who’s investing in Community Bank, will take over as the bank’s chairman after the investment deal, the bank said last month.
The bank, based in Middletown, plans to open a branch in Bardonia.

Posted by Jerry Gleeson on Tuesday, August 12th, 2008 at 4:31 pm |
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Rye resident named CEO of Manhattan B2B firm

July
30

Summit Business Media has named Rye-resident Andrew L. Goodenough as chief executive of the Manhattan-based provider of information to the insurance, financial and professional-services markets.

Goodenough, 52, replaces William F. Reilly, who will continue to serve as non-executive chairman.

In September, Goodenough was named Summit’s president.

Posted by David Schepp on Wednesday, July 30th, 2008 at 1:15 pm |
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Tokyo stock exchange chief named to IBM board

July
29

IBM Corp. has elected Taizo Nishimuro to the company’s board of directors, the Armonk-based company said today.

Nishimuro, 72, is chairman of the board of the Tokyo Stock Exchange Group Inc.

Nishimuro’s knowledge and insights into Asian markets will make a significant contribution to IBM, said Chairman, President and Chief Executive Officer Samuel J. Palmisano.

Posted by David Schepp on Tuesday, July 29th, 2008 at 1:39 pm |
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Fujifilm names new president at Valhalla unit

July
29

Fujifilm Corp. has named Hiro Sakai president of Fujifilm Holdings America Corp., the Tokyo-based company said today.

Fujifilm Holdings America, based in Valhalla, has operations in 32 U.S. states and employs more than 6,300 employees in research, development, manufacturing, sales and service of Fujifilm products.

Sakai succeeds Taizo Mori, who has been named president and chief executive of Fujifilm Logistics Co., based in Tokyo.

Sakai will continue to serve as president and chief executive of Fujifilm USA Inc., also based in Valhalla.

Sakai, who joined the company in 1977, was also promoted to corporate vice president, Fujifilm Corp., Fujifilm said.

Posted by David Schepp on Tuesday, July 29th, 2008 at 12:57 pm |
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Farber is CFO at GAMCO Investors

July
25

GAMCO Investors Inc. of Rye said Jeffrey M. Farber was named chief financial officer and executive vice president finance/corporate development. Farber joined GAMCO from Bear Stearns, where he was senior vice president/finance and a senior managing director prior to JPMorgan Chase’s acquisition of the investment bank. Farber joined Bear Stearns in 2000.

Posted by Jerry Gleeson on Friday, July 25th, 2008 at 4:34 pm |
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Schulman to retire at Tremont Group

June
26

Tremont Capital Management in Rye, an investment manager of a fund of hedge fund portfolios, said that Robert Schulman, chairman of the parent company Tremont Group Holdings Inc., is retiring effective July 7.
Schulman’s retirement follows a 2006 succession plan under which Rupert Allan, formerly managing director of Tremont’s London office, was named president and, later chief executive officer of Tremont Group Holdings. With Schulman’s retirement, Jim Mitchell will return to Tremont’s headquarters after four years in the London office. Mitchell will report to Allan.
Schulman joined Tremont in 1994 as president and chief executive. In 2001, Schulman helped arrange Tremont’s acquisition by OppenheimerFunds. Most recently, Schulman directed Tremont’s single manager products group, Rye Investment Management.

Posted by Jerry Gleeson on Thursday, June 26th, 2008 at 12:19 pm |
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Seavest taps Winer as executive VP

June
17

Seavest Inc., a White Plains investment management firm specializing in developing, buying and managing health care real estate, hired Jonathan L. “John” Winer, a former principal with Ernst & Young LLP, as executive vice president.

Winer started on Monday. His responsibilities will include arranging transactions, finding capital, and assisting with operational initiatives. While at Ernst & Young, he directed the Real Estate Capital Markets Advisory Group and the firm’s Healthcare Real Estate Advisory Practice.

Winer also speaks frequently at healthcare industry events. He has appeared at seminars sponsored by the Building Owners and Managers Association, Legg Mason and Columbia University.

Seavest controls a portfolio of more than 1.5 million square feet of medical office space around the country, with another 500,000 square feet under development.

Posted by Jerry Gleeson on Tuesday, June 17th, 2008 at 3:25 pm |
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Hayman to leave as Med Society exec

May
29

Stuart Hayman, executive director of the Westchester County Medical Society for the past 10 years, said yesterday he will leave his position on Aug. 22. Hayman will take over as executive director of the New York State Society of Anesthesiolgy in New York City on Sept. 1. Hayman said the county society is searching for his replacement.

Posted by Jerry Gleeson on Thursday, May 29th, 2008 at 4:15 pm |
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Research exec leaves Progenics Pharmaceuticals

May
23

Progenics Pharmaceuticals Inc. of Eastview said in a filing with the Securities and Exchange Commission that Dr. Alton B. Kremer, its senior vice president of clinical research, had resigned on May 20 to pursue other interests.
Kremer had joined the company in October 2004. Last year he was paid $380,000 in salary and a $245,000 bonus, among other compensation, according to Progenics’ proxy statement.

Posted by Jerry Gleeson on Friday, May 23rd, 2008 at 10:46 am |
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Prudential Rand buys White Plains real-estate firm

May
12

Prudential Rand Realty has agreed to acquire Nelson Vrooman Real Estate, a White Plains-based firm established more than 50 years ago that has become victim of the downturn in home sales in the Lower Hudson Valley.

“This is a very competitive market, and I knew that the best way to serve my clients and associates was to join a bigger team with more resources,” said Bill Vrooman, Nelson Vrooman founder and chief executive.

Vrooman, along with Nelson Vrooman President Mike Graessle, will join Prudential Rand as associate brokers, Prudential Rand said.

The deal, the terms of which weren’t disclosed, makes Prudential Rand the largest real-estate firm in White Plains, the New City-based company said.

As part of the transaction, Nelson Vrooman’s offices at 709 Westchester Ave. will close and combine with those of Prudential Rand at 1 N. Broadway.

The deal will also result in the transfer of 20 Nelson Vrooman workers to Prudential Rand, which has 20 offices in the Hudson Valley.

Posted by David Schepp on Monday, May 12th, 2008 at 10:56 am |
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Bedford resident retiring from Verizon

May
3

Bedford resident Daniel C. Petri has announced his plans to retire from Verizon Communications Inc., where he serves as group president — International. Petri, who has been with the giant Manhattan-based phone company for 37 years, will retire Aug. 1, the company said. Since 2002, Petri has been responsible for Verizon’s businesses outside the United States, including telephone operations in more than 20 countries on five continents.

Posted by Allan Drury on Saturday, May 3rd, 2008 at 4:36 pm |
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Drew Industries names new president, CFO

April
14

Drew Industries Inc.’s Chief Executive Officer Leigh J. Abrams will relinquish his role as president next month, the company said today.

Chief Financial Officer Fred M. Zinn will assume the role of president May 28, in keeping with the company’s management-succesion plan. Zinn, 57, has served as CFO since 1986 and as executive vice president since 2001.

The supplier of components to the recreational-vehicle and manufactured-homes industries also said it expects its board to promote Corporate Controller and Treasurer Joseph S. Giordano III, 39, to CFO at the company’s annual meeting May 28. Giordano would resign his controller’s title but remain treasurer, Drew Industries said.

Assistant Controller Christopher L. Smith will succeed Giordano as corporate controller, the White Plains-based company said.

The company’s stock, traded on the New York Stock Exchange, was higher in midday trading, up 34 cents to $26.45 a share.

Posted by David Schepp on Monday, April 14th, 2008 at 11:54 am |
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Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

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