Idaho Power Company names new CEO
LaMont Keen will take over as chief executive officer of Idaho Power Co. effective immediately, replacing Jan Packwood, 62, who will continue as CEO and president of IdaCorp Inc., the electric utility's parent company.
"Eventually, Jan Packwood will retire at some point, and so this is just one of the steps that is taken to ensure that there is a skilled and experienced leadership in place when that day comes," said Jeff Beaman, an IdaCorp spokesman. Packwood has not said when he will retire, Beaman said.
Prior to Friday's announcement, Keen, 53, served as president and chief operating officer at Idaho Power. His chief operating officer duties will be divided among three Idaho Power senior vice presidents ? Darrel Anderson, James Miller and Daniel Minor.
"As a 31-year veteran of Idaho Power with more than 17 years of service as an officer, LaMont possesses the knowledge and experience necessary to successfully guide our company," Packwood said in a statement. "His operational and financial management skills and complementary abilities in strategic planning and issue management will be key to Idaho Power's success."
Idaho Power serves more than 450,000 customers in southern Idaho and southeastern Oregon.
The management transition came as no surprise to James Bellessa, an analyst with D.A. Davidson Co.
"We would have expected LaMont to take over the reins of the utility, and when Jan Packwood retires, he will likely take over the reins of the holding company," Bellessa said. "This is a normal evolution that the company has had ? a pattern of promoting within and developing its management talent and grooming individuals to take over the top spot."
Business - The Idaho Statesman - Always Idaho
Idaho Power Company names new CEO
: New CEO
GREELEY, CO -- (MARKET WIRE) -- 11/16/2005 -- Swift & Company, the world's second-largest processor of fresh beef and pork products, today announced that Executive Vice President and Chief Financial Officer Danny C. Herron has decided to leave the company by September 19, 2006, the end of his current employment agreement.
"Danny has indicated his intention to pursue leadership opportunities outside of Swift & Company," said Sam Rovit, Swift & Company's president and chief executive officer. "We are extremely grateful for his many significant contributions over the past seven years, and we wish him the best in his future endeavors."
"In particular, I'd like to thank Danny for his role in creating the infrastructure that enabled Swift to stand on its own when it was acquired from ConAgra by Hicks, Muse, Tate & Furst and Booth Creek Management in 2002, and for his co-leadership of the company in the two months following my predecessor's resignation," concluded Rovit.
"I feel that my work at Swift is largely done," commented Herron. "I have been able to build and lead an extremely strong finance team that positions Swift well for the future. My eventual goal is to lead a company, and the timing of my decision seems right."
A search for a new chief financial officer will begin immediately. Herron has agreed to serve in his current capacity until the employment of his successor, and he is expected to remain with the company for a short period of time subsequently to assist with transition efforts.
Herron served as Swift & Company's co-chief executive officer from April to May of 2005. He joined ConAgra Beef Company, Swift & Company's predecessor, in April 1998 as vice president and senior financial officer. In September 2002 he became Swift & Company's executive vice president and chief financial officer.
About Swift & Company
With nearly $10 billion in annual sales, Swift & Company is the second-largest processor of fresh beef and pork products in the world. Founded in 1855, Swift employs over 20,000 people and serves customers in retail, further processor, international, and foodservice channels. For more information, please visit www.swiftbrands.com.
PRESS RELEASE EVP and CFO Danny C. Herron to Leave Swift & Company
: New CFO
Johnson Outdoors (JOUT:Nasdaq - news - research - Cramer's Take), a seller of kayaks, tents and diving gear, named David W. Johnson the company's vice president and chief financial officer.
Johnson had been serving as interim CFO of the Racine, Wis., company since August. He joined Johnson Outdoors in December 2001.
"The depth of expertise and strong leadership Dave brought to the role on an interim basis is exactly what we are looking for from our future CFO," the company said Monday. "He was a clear first choice for the job."
Shares of Johnson Outdoors added 2 cents to $16.40.
Kayak Builder Names New CFO
: New CFO
Ballard Power Systems Inc. is looking for a new chief executive with a technology background to ensure the fuel cell maker meets its development targets, the company's interim chief said Wednesday.
John Sheridan said the new boss doesn't have to be an executive with specific fuel cell or automotive experience, but "we're talking about technology experience more broadly."
"For someone coming into this role that has not had experience in technology sectors, technology companies, I think that would be a big jump."
The search is expected to take about six months and will include both internal and external candidates, Sheridan said Wednesday in a conference call a day after Ballard reported a loss of $8.9 million US, or seven cents a share, for the three months ended Sept. 30.
The Vancouver-based fuel-cell developer, which keeps its records in U.S. dollars, said that was down markedly from a loss of $52.6 million, or 44 cents a share, a year ago.
Dennis Campbell left the top job at Ballard earlier this month on a decision by the board of directors. His departure followed a significant restructuring including the sale of Ballard Power Systems AG and a decision to cut about 100 jobs in a cost-cutting effort that the company expects will reduce its annual operating costs by 12 per cent.
Campbell joined Ballard from Home Care Industries, which describes itself as "the world's leading manufacturer of vacuum cleaner filter bags and related filtration products."
Though an aerospace engineer by training, Campbell's business experience had focused on manufacturing, sales, marketing and distribution and he was widely seen as the executive who would bring fuel cells into commercial production.
The Vancouver-based company, which has lost hundreds of millions of dollars over the years, had once predicted it would break even by 2007.
"If you do go back in time with this company it is clear people in the company and experts in the field and pundits globally thought the fuel cell sector was going to develop faster than it has. The reality is it hasn't developed that fast," Sheridan said Wednesday.
Ballard's new chief executive will have to focus on meeting what the company describes as its technology road map and a target of 2010 for commercially viable fuel cell technology for hydrogen-powered vehicles.
"Over the next three years the critical thing to Ballard is execution, executing the technology road map, executing our product road maps. That's more product development than it is manufacturing," Sheridan said.
Helping boost Ballard's quarterly results was a $17.8-million gain from the sale of its German subsidiary Ballard Power Systems AG.
Quarterly revenue slipped to $16.1 million, down from $23.6 million in the third quarter last year.
The market cheered Tuesday's results sending the stock up 29 cents or about five per cent to $6.17 on the Toronto Stock Exchange in Wednesday afternoon trading.
At Sept. 30, Ballard had $203.8 million in cash and cash equivalents. In 2006, it expects operating cash burn to be in the range of $50 million to $70 million.
Ballard looking for new CEO with technology company experience - Yahoo! News
: New CEO
RACINE, Wis.--(BUSINESS WIRE)--Nov. 21, 2005--Johnson Outdoors Inc. (Nasdaq:JOUT), a leading global outdoor recreation company, today announced the appointment of David W. Johnson to the position of Vice President - Chief Financial Officer. Mr. Johnson has served as interim chief financial officer since August 2005 during which time the Company conducted an extensive executive search process.
Mr. Johnson brings a broad range of financial experience to his new role, with a twenty-year career that spans the banking, consumer packaged goods and outdoor recreation industries. Before joining Johnson Outdoors in December 2001, Mr. Johnson held a number of financial positions of increasing responsibility, first with The Northern Trust Company and later with The Procter & Gamble Company. At those companies he led financial efforts and teams in new business development, brand and operational restructuring, and cost-saving and analysis, among others. Mr. Johnson was Director of Treasury Services and Financial Analysis at Johnson Outdoors before becoming interim chief financial officer in August. Since assuming that role, he has led all aspects of the Company's finance department, including financial and tax planning, financial reporting, investor relations and financing efforts. Mr. Johnson holds a B.A. in Economics from DePauw University and an M.B.A. from the University of Chicago.
"The depth of expertise and strong leadership Dave brought to the role on an interim basis is exactly what we are looking for from our future CFO. He was a clear first choice for the job. We congratulate Dave on his promotion which recognizes his many contributions to the Company, and demonstrates our respect, trust and confidence in his ability to provide the financial leadership we need going forward," said Ms. Helen Johnson-Leipold, Chairman and Chief Executive Officer.
ABOUT JOHNSON OUTDOORS INC.
Johnson Outdoors is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products. The company designs, manufactures and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Marine Electronics, Diving and Outdoor Equipment. Johnson Outdoors' familiar brands include, among others: Old Town(R) canoes and kayaks; Ocean Kayak(R) and Necky(R) kayaks; Escape(R) electric boats; Minn Kota(R) motors; Cannon(R) downriggers; Humminbird(R), Bottomline(R) and Fishin' Buddy(R) fishfinders; Scubapro(R) and UWATEC(R) dive equipment; Silva(R) compasses and digital instruments; and Eureka!(R) tents. In 2005, Johnson Outdoors reported annual sales of $380.7 million and 1,300 employees across 23 locations in 17 countries.
Visit us on line at http://www.johnsonoutdoors.com
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Johnson Outdoors Inc. Announces Appointment of Chief Financial Officer
Legend Davies joins headhunting team
WELSH rugby legend Gerald Davies has been hired to repeat his on-pitch successes as a boardroom headhunter.
Odgers Ray & Berndtson, one of Britain's biggest executive search companies, has opened an office in Cardiff to exploit a recruitment market buoyant through jobs created by the Assembly Government.
Mr Davies, best known for his 46 caps for Wales, will work as a non-executive director. He has previously been the chairman of HTV Wales and of the Wales Youth Agency.
A spokeswoman said devolution had fuelled the creation of top-level jobs, saying, "In the first instance, the Assembly itself is creating jobs - high-profile public sector positions, reflecting the increased spending allocation and power of the Assembly. In the second instance, businesses themselves are realising the advantages of establishing a presence in Cardiff to strengthen their own voice in the decision-making process for Wales."
Chairmen appointed by Odgers include Sir Michael Grade of the BBC, Allan Leighton of the Royal Mail, and Paul Myners of Marks & Spencer. Its revenues over the past 12 months were £30m, with a turnover of more than £40m.
icWales - Legend Davies joins headhunting team