April 24, 2021 at 1:03 a.m.
Award nominations open
Business roundup
Award nominations open
Outstanding manufacturing operations are eligible for recognition through a state organization.
Indiana Manufacturers Association this week announced it is accepting nominations for its 2021 Manufacturing Excellence Awards.
Categories open for nominations are: Manufacturing Talent Champion Award; Emerging Leader Award; Community Impact Award; Innovation Excellence Award; and Lifetime Achievement Award. The awards are intended to “highlight Indiana companies and individuals for the outstanding work they do, exceptional contributions made to the industry and their impact on the future of manufacturing in Indiana.”
Nominations can be made at indianamfg.com. The deadline is Sept. 3.
Winners will be announced at the IMA’s Hall of Fame Luncheon on Oct. 14 in Indianapolis.
On the list
Portland native Mary Meeker has been named to Barron’s 100 Most Influential Women in U.S. Finance.
Meeker, a Jay County High School graduate, was named to the list that honors “women who are helping to shape the modern financial-services industry and leading it confidently into the future.” Barron’s originally declared Meeker “Queen of the Net” in a 1998 story.
In a profile of Meeker, Barron’s noted that her firm — BOND Capital — recently completed a $2 billion fund. Recent investments include Latin American used-car company Kavak and database software company Cockroach Labs.
Last week, Meeker was named to Forbes magazine’s 2021 Midas List, which ranks the world’s top 100 tech investors.
Awards presented
Biggs Property of Decatur recently announced award winners for the year.
Mike Derkatsch was named the company’s rookie maintenance technician of the year for his impact on communities in Fort Wayne. Other winners included Mitsi Bish as property manager of the year, Mike Lawson and maintenance technician of the year and Tori Anderson as rookie property manager of the year.
Tyson joins
Tyson Fresh Meats, a subsidiary of Tyson Foods, has joined the cattle disease traceability program called U.S. Cattletrace.
Tyson, which operates a facility in Portland, is the first beef processor to invest in membership in the program designed to assist animal health officials in disease response. It uses ear tags to collect data used to track animals in the case of a disease outbreak.
“We believe CattleTrace can help to reduce the risk that animal disease poses to the U.S. cattle supply, while also protecting our industry’s access to important export markets, which can quickly be compromised in the event of an animal health issue,” said Tyson Fresh Meats group president Shane Miller in a press release.
Purdue partnering
Purdue University announced Thursday that a new project has been accepted by Rolls-Royce as part of its Cybersecurity Technology Research Network.
Assistant professor Shaoshuai Mou is the leading investigator on the project that involves integrating artificial intelligence and is joined in the project by Pi Ding Zhao of Carnegie Mellon University. The partnership between Purdue, Rolls-Royce and the State of Indiana is supported in part by a $6 million commitment over three years by Indiana Economic Development Corporation.
“Purdue’s involvement with Rolls-Royce underscores the importance of industry and academic collaboration to address emerging cyber and cyber-physical threats,” said Purdue executive vice president for research and partnerships Theresa Mayer in a press release.
Not for sale
Subway announced this week that it is not for sale.
The restaurant chain based in Connecticut sent out an addendum this week to a previous statement that had sparked talk of a potential sale, Restaurant Business reported this week. The company’s shift to move some of its headquarters to Miami had added to the chatter.
In its statement, the chain was direct: “Subway is not for sale.”
Ardagh to announced
Ardagh Group will announce its first-quarter results and hold an update call Thursday.
The results will be released on Ardagh’s website — ardaghgroup.com — at 2 a.m. Thursday. An investor webcast will follow at 10 a.m.
Ardagh operates glass manufacturing facilities in Dunkirk and Winchester.
Officer named
CVS Health on Thursday announced that it has named Kathryn Metcalfe as its new senior vice president and chief communications officer.
Since 2016, Metcalfe has been chief communications officer for Aetna, a CVS Health company. In her new role, she will be responsible for all internal, external, crisis, and reputation communications across the organization.
“I’m excited to help CVS Health transform the health care system and make it more convenient, simple and affordable for consumers,” Metcalfe said in a press release. “CVS Health has played a significant role throughout the pandemic response, with over 15 million tests and 10 million vaccines administered — with more to come.”
NextEra announces
NextEra Energy reported Wednesday that it had first-quarter net income of $1.67 billion. That compares to $421 million for the first quarter of 2020.
NextEra Energy Resources, the clean-energy arm of NextEra Energy, reported a first-quarter net income of $491 million. NextEra owns and operates Bluff Point Wind Energy Center in Jay and Randolph counties.
“NextEra Energy delivered strong first-quarter results and remains well-positioned to meet our 2021 and longer-term growth prospects,” said NextEra Energy chairman and CEO Jim Robo in a press release. “After a strong start to the year, we remain as enthusiastic as ever about our long-term growth prospects …”
Advance increases
Advance Auto Parts this week announced that its board of directors has approved an additional share repurchase authorization of $1 billion, bringing the total to about $1.3 billion.
The board also declared a quarterly cash dividend of $1 per share, up from 25 cents per share. It is payable to shareholders July 2.
“In recognition of our 2020 results, strong financial position and confidence in our ability to deliver additional top- and bottom-line growth this year, the Board has voted to significantly increase the quarterly dividend,” said advance president and CEO Tom Greco in a press release. “Across Advance, we remain focused on our financial priorities of maintaining an investment grade rating, investing in the business and returning cash to shareholders.”
Indiana Manufacturers Association this week announced it is accepting nominations for its 2021 Manufacturing Excellence Awards.
Categories open for nominations are: Manufacturing Talent Champion Award; Emerging Leader Award; Community Impact Award; Innovation Excellence Award; and Lifetime Achievement Award. The awards are intended to “highlight Indiana companies and individuals for the outstanding work they do, exceptional contributions made to the industry and their impact on the future of manufacturing in Indiana.”
Nominations can be made at indianamfg.com. The deadline is Sept. 3.
Winners will be announced at the IMA’s Hall of Fame Luncheon on Oct. 14 in Indianapolis.
On the list
Portland native Mary Meeker has been named to Barron’s 100 Most Influential Women in U.S. Finance.
Meeker, a Jay County High School graduate, was named to the list that honors “women who are helping to shape the modern financial-services industry and leading it confidently into the future.” Barron’s originally declared Meeker “Queen of the Net” in a 1998 story.
In a profile of Meeker, Barron’s noted that her firm — BOND Capital — recently completed a $2 billion fund. Recent investments include Latin American used-car company Kavak and database software company Cockroach Labs.
Last week, Meeker was named to Forbes magazine’s 2021 Midas List, which ranks the world’s top 100 tech investors.
Awards presented
Biggs Property of Decatur recently announced award winners for the year.
Mike Derkatsch was named the company’s rookie maintenance technician of the year for his impact on communities in Fort Wayne. Other winners included Mitsi Bish as property manager of the year, Mike Lawson and maintenance technician of the year and Tori Anderson as rookie property manager of the year.
Tyson joins
Tyson Fresh Meats, a subsidiary of Tyson Foods, has joined the cattle disease traceability program called U.S. Cattletrace.
Tyson, which operates a facility in Portland, is the first beef processor to invest in membership in the program designed to assist animal health officials in disease response. It uses ear tags to collect data used to track animals in the case of a disease outbreak.
“We believe CattleTrace can help to reduce the risk that animal disease poses to the U.S. cattle supply, while also protecting our industry’s access to important export markets, which can quickly be compromised in the event of an animal health issue,” said Tyson Fresh Meats group president Shane Miller in a press release.
Purdue partnering
Purdue University announced Thursday that a new project has been accepted by Rolls-Royce as part of its Cybersecurity Technology Research Network.
Assistant professor Shaoshuai Mou is the leading investigator on the project that involves integrating artificial intelligence and is joined in the project by Pi Ding Zhao of Carnegie Mellon University. The partnership between Purdue, Rolls-Royce and the State of Indiana is supported in part by a $6 million commitment over three years by Indiana Economic Development Corporation.
“Purdue’s involvement with Rolls-Royce underscores the importance of industry and academic collaboration to address emerging cyber and cyber-physical threats,” said Purdue executive vice president for research and partnerships Theresa Mayer in a press release.
Not for sale
Subway announced this week that it is not for sale.
The restaurant chain based in Connecticut sent out an addendum this week to a previous statement that had sparked talk of a potential sale, Restaurant Business reported this week. The company’s shift to move some of its headquarters to Miami had added to the chatter.
In its statement, the chain was direct: “Subway is not for sale.”
Ardagh to announced
Ardagh Group will announce its first-quarter results and hold an update call Thursday.
The results will be released on Ardagh’s website — ardaghgroup.com — at 2 a.m. Thursday. An investor webcast will follow at 10 a.m.
Ardagh operates glass manufacturing facilities in Dunkirk and Winchester.
Officer named
CVS Health on Thursday announced that it has named Kathryn Metcalfe as its new senior vice president and chief communications officer.
Since 2016, Metcalfe has been chief communications officer for Aetna, a CVS Health company. In her new role, she will be responsible for all internal, external, crisis, and reputation communications across the organization.
“I’m excited to help CVS Health transform the health care system and make it more convenient, simple and affordable for consumers,” Metcalfe said in a press release. “CVS Health has played a significant role throughout the pandemic response, with over 15 million tests and 10 million vaccines administered — with more to come.”
NextEra announces
NextEra Energy reported Wednesday that it had first-quarter net income of $1.67 billion. That compares to $421 million for the first quarter of 2020.
NextEra Energy Resources, the clean-energy arm of NextEra Energy, reported a first-quarter net income of $491 million. NextEra owns and operates Bluff Point Wind Energy Center in Jay and Randolph counties.
“NextEra Energy delivered strong first-quarter results and remains well-positioned to meet our 2021 and longer-term growth prospects,” said NextEra Energy chairman and CEO Jim Robo in a press release. “After a strong start to the year, we remain as enthusiastic as ever about our long-term growth prospects …”
Advance increases
Advance Auto Parts this week announced that its board of directors has approved an additional share repurchase authorization of $1 billion, bringing the total to about $1.3 billion.
The board also declared a quarterly cash dividend of $1 per share, up from 25 cents per share. It is payable to shareholders July 2.
“In recognition of our 2020 results, strong financial position and confidence in our ability to deliver additional top- and bottom-line growth this year, the Board has voted to significantly increase the quarterly dividend,” said advance president and CEO Tom Greco in a press release. “Across Advance, we remain focused on our financial priorities of maintaining an investment grade rating, investing in the business and returning cash to shareholders.”
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