Performance Food Group Company Announces Chief Financial Officer Jim Hope to Retire; Transition of the role to Vistar President and COO Patrick Hatcher scheduled for the last quarter of calendar 2022
RICHMOND, Va.–(BUSINESS THREAD)–Performance Food Group Company (PFG) (NYSE: PFGC) today announced the upcoming retirement of Executive Vice President and Chief Financial Officer Jim Hope and the transition of the role to Patrick Hatcher, President and Chief Operating Officer of Vistar during the last quarter of calendar 2022. “Jim has been a driving force in PFG’s tremendous growth over the past few years. The depth of experience and enthusiasm he has brought to the role of CFO has positioned us with the financial strength to deliver meaningful value to our stakeholders,” said PFG President and CEO George Holm. ” Patrick has…
Read More »Jack Henry survey finds CEOs of regional and community financial institutions consistently focused on growing lending, efficiency and digital services
Bank and credit union CEOs report on business opportunities and challenges in annual survey MONETT, Mo., August 10, 2022 /PRNewswire/ — Jack Henry™ (NASDAQ: JKHY) today announced the results of its annual Strategic Priorities Benchmark Study of Strategic Priorities for US Bank and Credit Union CEOs More than 100 bank and credit union CEOs contributed to the annual study during the first quarter of this calendar year, representing financial institutions ranging in asset size from 500 million dollars in addition to 10 billion dollars. The survey found: Loan growth (67%), increasing operational efficiency (44%) and adding digital products/functions (39%) are…
Read More »Carbon Collective launches sustainable investment financial literacy initiative
BERKELEY, Calif.–(BUSINESS THREAD)–Carbon Collectivean online investment advisor focused on climate change, today announced the launch of its sustainable investment financial literacy initiative, Learn to win. By reading Carbon Collective’s free six-chapter e-book, The definitive guide to sustainable investing and passing an online quiz that tests the reader’s knowledge of the book’s topics, Carbon Collective will deposit a $100 bonus to new investment accounts opened on the platform, including brokerage options, Roth IRA or traditional IRAs. Learn to Earn’s mission is to democratize access to investment and raise awareness about the intersection of money and climate change. “Climate change is the…
Read More »EV battery plant projects get financial boost from DOE
Electric vehicle battery plant projects get financial boost from DOE | Engineering News-Register This website requires certain cookies to function and uses other cookies to help you have the best experience. When you visit this website, certain cookies have already been set, which you can remove and block. By closing this message or continuing to use our site, you accept the use of cookies. Visit our updated privacy and cookie policy for more information. This website uses cookiesBy closing this message or continuing to use our site, you accept our cookie policy. learn moreThis website requires certain cookies to function…
Read More »Morning Coffee: The banker who got fired after listening to millennials. The merger on Monday may have saved the job
If you are proving that you are losing. There are few better examples of the truth of this old political adage than when the human resources department of a financial company starts churning out charts to show that employee attrition is not materially different from normal levels. This apparently is what it happened to the Carlyle Group A few months ago, and in retrospect, this should have been seen as a real red flag for CEO Kewsong Lee, who resigned this week. The official statement suggested that his departure was simply a matter of not being able to agree numbers…
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US futures rise after weaker-than-expected inflation data
U.S. stock and government bond futures rose sharply on Wednesday after weaker-than-expected inflation data from the world’s largest economy. Consumer price index data released on Wednesday showed that prices in the US rose 8.5% year-on-year in July, below the 8.7% rise expected by economists. Prices were flat on a month-over-month basis, below the 0.2% increase expected. Futures tracking the blue-chip S&P 500 gained 1.7% after the release, while the tech-heavy Nasdaq 100 gained 2.5%. In U.S. government bond markets, the yield on the 10-year U.S. Treasury note, which tracks inflation and growth expectations, fell 0.1 percent to 2.7 percent. The…
Read More »Pakistan’s finance minister says country is ‘going in right direction’
Pakistan’s finance minister said the government has taken steps that will put the country on the right track and help the South Asian nation avoid an economic collapse. But this will cause pain to his people, he added. The country is desperately fighting for its survival as the recent rise in commodity and energy prices has exacerbated its debt problems. It has been struggling to pay for its imports as its official liquid foreign exchange reserves fell by $754 million to $8.57 million in the week ended July 22 from the previous week. according to the country’s central bank. “There…
Read More »Wallbox Announces Strong Q2 2022 Financial Results and COIL Inc Acquisitions and ARES Electronics
BARCELONA, Spain–(BUSINESS THREAD)–Wallbox (NYSE:WBX), a leading provider of electric vehicle (EV) power management and charging solutions worldwide, today announced its financial results for the second quarter ended June 30 2022. Highlights of Q2 2022: It generated record revenues of 39.5 million euros, an increase of 124% compared to the second quarter of 2021. It achieved gross margins of 41.1%. It sold nearly 64,000 chargers, up 95% compared to the second quarter of 2021. A strategic partnership with Nissan has been announced to provide the charger. and installation services to buyers of their new Ariya EV in the US Acquired COIL…
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