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Georgia Protests EU Talks SuspensionAKRON, Ohio--(BUSINESS WIRE)--Dec 2, 2024-- Babcock & Wilcox Enterprises, Inc. (“B&W” or the “Company”) (NYSE: BW) announced the following leadership changes that will become effective January 1, 2025. Lou Salamone, who has served as Chief Financial Officer since November 2018, has announced he will retire from his role. In connection with his transition from his current position, Mr. Salamone has entered into an agreement with the Company to provide consulting services, including transition support for the Chief Financial Officer role, for a one-year term commencing on January 1, 2025. “Lou’s leadership and support have been invaluable over the past six years as we worked through a number of challenges including the global impact of COVID-19,” Kenneth Young, B&W Chief Executive Officer, said. “Lou initially planned to join us for two years but signed on for another four, which shows his tireless efforts to support our Company and ensure it was on a strong path to future success. Lou will continue to provide strategic support and guidance to B&W under a consulting agreement for at least the next year as we look to refinance and reduce our debt obligations over the coming months.” With the retirement of Mr. Salamone, Cameron Frymyer is named Chief Financial Officer. Mr. Frymyer, who has served in various management positions for B&W for the past 20 years including his most recent role as B&W’s Senior Vice President, Business and Finance Operations, will work closely with Mr. Salamone to ensure an orderly transition of responsibilities. Chris Riker is named Chief Operating Officer, responsible for B&W’s global business operations and for the successful implementation of the company’s short- and long-term business growth and execution strategies as well as performance and cost-saving initiatives. Mr. Riker has led B&W’s Thermal Segment since August 2022 and has been instrumental in improving cash flows and margins within its global operations. Prior to that, he held several operational and finance-related leadership positions including Vice President of B&W’s Global Parts & Service operations, Vice President of B&W’s Industrial Steam Generation business, and Controller for B&W’s Diamond Power International, LLC subsidiary. He has nearly 15 years’ experience with B&W. Jimmy Morgan is named Chief Commercial Officer, responsible for leading the commercial and business development for B&W’s ClimateBrightTM and BrightLoopTM suite of products as well as select biomass and waste-to-energy projects that will leverage B&W’s new and emerging technologies. This a key role to drive growth from carbon capture and hydrogen technologies that will provide long-term revenue growth for B&W. Mr. Morgan has more than 31 years of large energy project experience including eight years with B&W where he has provided key leadership for a number of areas, including completing the challenging waste-to-energy projects in Europe. Gillianne Hetrick is named Senior Vice President, Corporate Operations, and will lead B&W’s Human Resources, Environmental Health, Safety & Security, Information Technology, Communications & Marketing, Facility Services, and Global Travel organizations. Ms. Hetrick has over 20 years’ experience in the energy and communications industries, with both public and private companies. “As we look to streamline our operations, reduce overhead costs and expand our new technologies, I am pleased to announce these new roles for Cameron, Chris, Jimmy and Gillianne,” Young stated. “Each of these highly talented individuals have demonstrated exceptional business experience, strategic vision and strong leadership skills as we’ve worked to reduce our debt, grow our business and transition B&W for the future. This leadership team is poised to help B&W expand and grow B&W’s Thermal, Renewable and Environmental segments, launch our new technologies and continue supporting our strong global base of customers.” About Cameron Frymyer Mr. Frymyer joined B&W in 1997 and has served in a number of senior-level Finance & Accounting and operational leadership roles during his 27 years with the company, most recently as Senior Vice President of Business Operations. Mr. Frymyer has a Bachelor’s Degree in Accounting from The University of Akron and a Juris Doctor from The University of Akron School of Law. About Chris Riker Mr. Riker joined B&W in 2010 and most recently served as Senior Vice President, Thermal, since 2022, a role in which he was responsible for the Company’s global thermal energy business that provides advanced technologies and equipment, as well as replacement parts and services, to keep thermal and industrial plants operating efficiently. Prior to joining B&W, he served as a consultant with KPMG LLP. Mr. Riker has a Bachelor’s Degree in Finance and Economics from Florida State University and a Master of Business Administration from the University of North Carolina. About Jimmy Morgan Mr. Morgan joined B&W in 2016 and has served as Chief Operating Officer since 2022. Before joining B&W, he was Executive Vice President for Allied Technical Resources, Inc. Previous positions included serving as Chief Operating Officer with BHI Energy, Vice President of Installation and Modification Services with Westinghouse and as Managing Director for AREVA T&D. He began his career with Duke Energy as a Maintenance Engineer. Mr. Morgan has a Bachelor’s Degree in Electrical and Computer Engineering from the University of South Carolina, and a Master’s of Business Administration from the Darla Moore School of Business at the University of South Carolina. About Gillianne Hetrick Ms. Hetrick joined B&W in 2019 and has served as Vice President, Corporate Operations, since 2022. Prior to joining B&W, Hetrick held a number of positions at small to mid-sized publicly traded companies, where she led Human Resources, IT and Safety functions, and focused on business strategy, as well as process and operational efficiency improvements. Ms. Hetrick has a Bachelor’s Degree in Public Relations, Advertising and Applied Communication from Northern Michigan University. About Babcock & Wilcox Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com . Forward-Looking Statements B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to changes in the Company’s executive leadership team. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law. View source version on businesswire.com : https://www.businesswire.com/news/home/20241202071472/en/ CONTACT: Investor Contact: Investor Relations Babcock & Wilcox 704.625.4944 investors@babcock.com Media Contact: Ryan Cornell Public Relations Babcock & Wilcox 330.860.1345 rscornell@babcock.com KEYWORD: OHIO UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: OTHER ENERGY UTILITIES OIL/GAS ENVIRONMENT COAL ALTERNATIVE ENERGY ENERGY NUCLEAR SOURCE: Babcock & Wilcox Enterprises, Inc. Copyright Business Wire 2024. PUB: 12/02/2024 04:48 PM/DISC: 12/02/2024 04:48 PM http://www.businesswire.com/news/home/20241202071472/enNatural Grocers® Unveils 2025's Must-Know Trends
NoneWORCESTER, Mass. , Dec. 2, 2024 /PRNewswire/ -- The Hanover Insurance Group, Inc. THG announced today its board of directors has approved an increase in the company's quarterly dividend to $0.90 per share on the issued and outstanding common stock of the company, payable December 27, 2024 , to shareholders of record at the close of business on December 13, 2024 . "This is the 20 th consecutive year we have increased our quarterly dividend, demonstrating our commitment to delivering enhanced value to our shareholders," said John C. Roche , president and chief executive officer at The Hanover . "It is a significant milestone for us, underscoring our optimism in the company's future prospects and reinforcing our confidence in our financial stability and growth potential." Forward-Looking Statements Statements regarding quarterly or future dividends, whether regular or special, payable to the company's shareholders, which may be subject to future increases, decreases, or elimination, as determined by The Hanover's board of directors, are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. The company cautions investors that any such forward-looking statements are not guarantees of future performance, including but not limited to, growth, earnings improvement, returns, future dividend payments, or the amount of such payments. Investors are directed to consider the risks and uncertainties in the company's business that may cause actual results to differ and/or affect the board's decision to declare dividends in the future, including those risks which are discussed in readily available documents, such as the company's annual report on Form 10-K and quarterly reports on Form 10-Q, as well as other documents filed by The Hanover with the Securities and Exchange Commission and which are also available on hanover.com under "Investors." About The Hanover The Hanover Insurance Group, Inc. is the holding company for several property and casualty insurance companies, which together constitute one of the largest insurance businesses in the United States . The company provides exceptional insurance solutions through a select group of independent agents and brokers. Together with its agent partners, The Hanover offers standard and specialized insurance protection for small and mid-sized businesses, as well as for homes, automobiles, and other personal items. For more information, please visit hanover.com . CONTACTS Investors: Media: Oksana Lukasheva Michael F. Buckley Emily P. Trevallion (508) 525-6081 (508) 855-3099 (508) 855-3263 Email: olukasheva@hanover.com Email: mibuckley@hanover.com Email: etrevallion@hanover.com View original content to download multimedia: https://www.prnewswire.com/news-releases/the-hanover-insurance-group-inc-increases-quarterly-dividend-to-0-90-per-common-share-302320134.html SOURCE The Hanover Insurance Group, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
AP Trending SummaryBrief at 5:34 p.m. ESTThe United Nations raised the death toll of a recent massacre in which dozens of older people and Vodou religious leaders were killed by a gang in Haiti, and called on officials to bring the perpetrators to justice. The U.N. Integrated Office in Haiti said in a report published on Monday that between Dec. 6 and 11 more than 207 people were killed by the Wharf Jeremie gang. The gang took people from their homes and from a place of worship, interrogated them and then executed them with bullets and machetes. Earlier this month, human rights groups in Haiti had estimated that more than 100 people were killed in the massacre, but the new U.N. investigation doubles the number of victims. “We cannot pretend that nothing happened” said María Isabel Salvador, the U.N. secretary-general’s special representative in Haiti. “I call on the Haitian justice system to thoroughly investigate these horrific crimes and arrest and punish the perpetrators, as well as those who support them," she said in a statement. Human rights groups in Haiti said the massacre began after the son of Micanor Altès, the leader of the Wharf Jeremie gang, died from an illness. The Cooperative for Peace and Development, a human rights group, said that according to information circulating in the community, Altès accused people in the neighborhood of causing his son’s illness. “He decided to cruelly punish all elderly people and (Vodou) practitioners who, in his imagination, would be capable of casting a bad spell on his son,” the group said in a statement released shortly after news of the massacre emerged. In Monday's report, the United Nations said that people were tracked down in their homes and in a place of worship by Altès’ gang, where they were first interrogated and then taken to an execution site. The United Nations said that the gang tried to erase evidence of the killings by burning bodies, or by dismembering them and throwing them into the sea. The massacre is the latest humanitarian tragedy in Haiti, where gang violence has intensified since the nation’s president was killed in a 2021 coup attempt. Haiti has struggled to organize an election that will fill the power vacuum and restore democratic rule. The Caribbean nation is currently governed by a transitional council that includes representatives from the business community, civil society and political parties, but its government has no control over many areas of the capital city, and gangs are constantly fighting over ports, highways and neighborhoods. According to the United Nations, more than 5,350 people have been killed in Haiti’s gang wars this year. The Haitian government acknowledged the massacre against older people in a statement issued earlier this month, and promised to persecute those responsible for this act of “unspeakable carnage.”
( MENAFN - GetNews) With Texas facing another potentially severe winter, the state's power grid is once again under scrutiny. In light of the catastrophic failures during Winter Storm Uri in 2021 and Hurricane Beryl this past summer, residents are increasingly adopting innovative energy solutions to safeguard against outages. Tesla Energy, in partnership with installation leader Vikta Energy, is spearheading efforts to bolster energy resilience and sustainability for Texas homes and businesses. Extreme weather events have become a recurring challenge in Texas. This past summer, Hurricane Beryl left Houston residents without power for nearly two weeks, exposing significant vulnerabilities in the state's unregulated energy grid. As forecasters predict harsh winter conditions, the need for dependable, self-reliant energy systems has never been more urgent. “Texans deserve the security of knowing their homes can weather any storm,” said Angela Zatopek, SVP of Strategic Partnerships at Vikta Energy.“With advanced solar and battery technologies, we can empower homeowners to take control of their power and safeguard their families in the face of grid failures.” Tesla's Role in Creating Resilient Energy Solutions Tesla Energy's suite of products, including the Tesla Solar Roof, Powerwall battery storage, and the Cybertruck Powershare, offers a clean and sustainable alternative to traditional energy sources. These solutions allow homeowners to generate, store, and manage their own electricity, reducing reliance on an often-unreliable grid. Houston residents now have access to Tesla Electric's Virtual Power Plant program, enabling them to sell excess energy back to the grid and contribute to a more stable energy ecosystem. Vikta Energy, Tesla's certified partner, ensures seamless installation and integration of these systems, bringing Tesla's vision of energy independence to life. Addressing Safety and Sustainability The Tesla Powerwall has proven to be a safer alternative to traditional generators, which can pose risks such as carbon monoxide poisoning. Following Hurricane Beryl, Houston saw a concerning rise in generator-related incidents, highlighting the critical need for reliable, non-polluting backup power solutions. The Powerwall provides uninterrupted power during outages, offering peace of mind to families across Texas. A Strategic Shift Toward Renewable Energy Investing in renewable energy is a growing trend among Texans, not only as a safeguard against outages but also as a means to reduce energy costs and environmental impact. Tesla's Solar Roofs and Powerwalls offer long-term solutions that prioritize sustainability and resilience. These systems align with Texas's push toward clean energy while addressing the challenges posed by climate change and infrastructure limitations. “Energy independence is no longer a luxury but a necessity for Texans,” Zatopek added.“We're proud to lead the charge in providing cutting-edge solutions that protect our communities and support a greener future.” MENAFN23122024003238003268ID1109025370 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Dexus ( OTCMKTS:DXSPF – Get Free Report ) shares shot up 3.5% during mid-day trading on Friday . The stock traded as high as $7.65 and last traded at $7.65. 6,500 shares changed hands during trading, an increase of 185% from the average session volume of 2,284 shares. The stock had previously closed at $7.39. Dexus Stock Up 3.5 % The stock’s 50 day moving average is $7.65 and its 200-day moving average is $7.65. About Dexus ( Get Free Report ) Dexus engages in real estate investments, leasing and tenant services. It operates its business through following segments: Office, Industrial, Property Management, Funds Management, Development & Trading, and Others. The Office segment offers domestic office space with any associated retail space, car parks and office developments. Read More Receive News & Ratings for Dexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dexus and related companies with MarketBeat.com's FREE daily email newsletter .
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