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Chobani secures funds for “growth and innovation”
Yahoo Finance· 2025-10-17 13:51
Core Insights - Chobani has secured $650 million in new equity funding aimed at supporting growth and innovation, specifically for factory expansions in Twin Falls, Idaho, and Rome, New York [1][2] - The investment reflects strong confidence from long-term industry leaders in Chobani's vision of providing good food for all [2] Funding and Expansion Plans - The new funding will finance a $500 million expansion at the Twin Falls facility, which produces yogurts, oat milk, and coffee creamers, and is expected to increase capacity by 50% [3] - Chobani is also investing $1.2 billion in a new 1.4 million-square-foot production facility in Rome, which will house up to 28 production lines and process around 12 million pounds of milk per day [2][3] Employment and Operational Impact - The Twin Falls expansion is projected to create 160 full-time positions, bringing total employment at the facility to over 1,300 once completed [4] - Additional capacity at the Twin Falls location is expected to be operational later this year, enhancing supply capabilities for customers in the US and Mexico [4] Recent Acquisitions - In May, Chobani acquired Daily Harvest, a local frozen-foods business that specializes in frozen, single-serve items [4][5] - Chobani continues to sell its products through its website and various retailers, including Target, Kroger, and Wegmans [5]
Avantor® Appoints Gregory T. Lucier to its Board of Directors
Prnewswire· 2025-10-03 12:05
Core Insights - Avantor, Inc. has appointed Gregory T. Lucier to its Board of Directors, bringing over 30 years of leadership experience in the life sciences industry [1][3] - Lucier is the founder and current Executive Chairman and CEO of Corza Medical, and has held significant leadership roles in other healthcare companies, including NuVasive and Life Technologies [2][4] - The appointment is expected to enhance Avantor's focus on growth and profitability in its Lab Solutions and Bioscience Production segments [3] Company Overview - Avantor is a global provider of mission-critical products and services to the life sciences and advanced technology industries, serving over 300,000 customer locations in 180 countries [6] - The company aims to enable breakthroughs in medicine, healthcare, and technology through its comprehensive portfolio [6] Leadership Background - Gregory T. Lucier has a proven track record of driving growth and innovation in the healthcare sector, having previously led Life Technologies to over $4 billion in sales before its acquisition by Thermo Fisher Scientific in 2014 [4] - Lucier holds a bachelor's degree in industrial engineering from Pennsylvania State University and an MBA from Harvard Business School [5]
ASM International NV (ASMIY) Analyst/Investor Day Transcript
Seeking Alpha· 2025-09-23 23:33
Core Insights - The company is hosting an Investor Day to discuss its strategic priorities and market outlook through 2030 [1][2] Group 1: Leadership and Strategy - The CEO, Hichem M'Saad, will present the company's strategy and priorities for the upcoming years [1] - Following the CEO, Vamsi Paruchuri, Corporate VP of Technology Innovation and Market Research, will discuss market outlook and technology inflections [2] Group 2: Business Units and Growth - Jason Foster, Corporate VP of the spares and services business unit, will address growth and innovation within the Services sector [2]
Jennifer Wolfenbarger Joins Franklin Electric as Chief Financial Officer, Bringing Extensive Financial Leadership in Global Operations
Globenewswire· 2025-07-07 20:49
Company Announcement - Franklin Electric Co., Inc. has appointed Jennifer Wolfenbarger as Chief Financial Officer (CFO) and Chief Accounting Officer, aiming to shape the company's financial future and oversee fiscal accountability [1][3] Executive Background - Wolfenbarger has held divisional CFO roles at notable manufacturing companies such as Caterpillar, Stryker, and Owens Corning, where she managed strategic planning and financial reporting for a $4 billion global insulation business [2][3] Leadership Perspective - CEO Joe Ruzynski praised Wolfenbarger's exceptional experience and value-driven approach, highlighting her potential to enhance continuous improvement within the company [3] Community Engagement - Throughout her career, Wolfenbarger has contributed to her community by serving as Treasurer on not-for-profit boards and mentoring at Indiana University's Kelley School of Business [3] Company Overview - Franklin Electric is a global leader in producing and marketing systems and components for water and energy movement, serving various sectors including residential, commercial, and industrial applications [4] Recognition - The company has received accolades such as being listed in Newsweek's America's Most Responsible Companies 2024 and Best Places to Work in Indiana 2024, reflecting its commitment to corporate responsibility and employee satisfaction [4]
LexisNexis Risk Solutions Names Valentina Isakina as Chief Strategy Officer
Prnewswire· 2025-04-08 12:30
Core Insights - LexisNexis Risk Solutions has appointed Valentina Isakina as Executive Vice President and Chief Strategy Officer, reporting to CEO Mark Kelsey [1][2] - Isakina will oversee the strategic direction and corporate development initiatives, focusing on growth and innovation across global operations [2] - The leadership addition aims to strengthen LexisNexis Risk Solutions' competitive position and enhance its strategic vision in the data and analytics industry [5] Company Background - LexisNexis Risk Solutions utilizes data, analytics platforms, and technology solutions to help businesses and governmental entities reduce risk and improve decision-making [6] - The company is headquartered in metro Atlanta, Georgia, and is part of RELX, a global provider of information-based analytics [6] Leadership Profile - Valentina Isakina brings over 20 years of experience in strategy, transformation, and innovation, having held leadership roles in various organizations [3] - Her previous positions include senior advisor to the Office of Tony Blair, managing director at JobsOhio, and vice president of corporate strategy at Nationwide Insurance [3] - Isakina holds an MBA from Cornell and a Master's in Actuarial Science, along with a Bachelor’s in Business Administration from Georgia State University, and is a CFA charterholder [4]