February 1, 2020 at 4:48 a.m.
Tyson joins NextEra on admired list
Business roundup
Tyson joins NextEra on admired list
Tyson Foods Inc. has joined NextEra Energy on Fortune magazine’s annual list of the World’s Most Admired Companies.
Tyson, parent of Tyson Mexican Original of Portland, was named No. 1 in the Food Production category. NextEra, parent of Bluff Point Wind Energy Center, had been named No. 1 in the Electric and Gas Utilities category.
The annual survey, conducted by Fortune and Korn Ferry, is given to top executives, directors and financial analysts to identify the companies that have the strongest reputations within their industries and across all industries.
“We’re proud of our team members who work hard every day to make our company successful. This honor from Fortune is a great recognition of their efforts,” Noel White, chief executive officer of Tyson Foods, said in a prepared statement. “Sustainable, global growth that drives value for our customers and consumers while feeding the world nutritious, affordable food is at the center of our strategy.”
Fortune’s World's Most Admired Companies list is considered the definitive report card on corporate reputations.
New CEO
Neil Draper has been named president and chief executive officer of Jay County REMC in the wake of the retirement of Mark W. Arnold.
Board president Tom Zimmerman said Arnold and Draper will work together over the coming weeks to ensure a smooth transition.
A resident of Wells County, Draper is originally from Michigan. He is a graduate of Bluffton High School and received his degree in electrical engineering from IPFW. He earned management certification from the National Rural Electric Cooperative Association.
Most recently he has worked as a system engineer with Heartland REMC.
Draper and his family will be introduced to the cooperative at the annual meeting on April 18.
Briggs honored
Longtime Geneva banker Andrew Briggs received the 2019 Lifetime Achievement Award recently from the Berne Chamber of Commerce.
A 1972 graduate of South Adams High School, he graduated from Ball State University in 1978.
Now senior vice president of Famers and Merchants State Bank, he is a past president of the Indiana Bankers Association and continues to serve on its board of directors. He’s also past president of the Geneva Town Board and currently serves as treasurer for the Adams County Public Library System.
In 2019, he was named a Sagamore of the Wabash by Gov. Eric Holcomb.
Mayoral address
Portland Mayor John Boggs will deliver his first State of the City address at the Jay County Chamber of Commerce networking luncheon at noon on Wednesday, Feb. 19.
This month’s luncheon will be held at the Lions Event Center on road 100 North.
Reservations should be made by noon on Feb. 13 by calling (260) 726-4481 or emailing [email protected]. Cost of the luncheon is $10 per person.
Annual meeting
CrossRoads Financial Federal Credit Union members held their annual meeting on Jan. 25.
Board members Joellen Johnston and Joe Vinson were unopposed and will serve a three-year term on the board.
Controller Jeff Whetstone reported that total assets were $57,839,417 and total deposits were $50,755,484 at year end 2019. Net income for 2019 of $910,312 was a 21% increase from 2018.
Capital ratio increased 17.1% from the prior year up to 10.89% and the total membership at CrossRoads is 9,116 at year end 2019.
President Donald C. Gillespie recognized employees for their years of service to the membership including Patty Walters, 10 years, Sandy Crouch, 20 years, Janet Bantz, Paula Davidson and Jeanna Ford, 30 years.
Special recognition was given to Janet Bantz for her service as president from 1989 to her Jan. 1 retirement.
Dale Pearson was recognized for serving as a volunteer and board member since 1985.
Beat expectations
McDonald’s this week reported earnings and revenue in the fourth quarter that beat Wall Street expectation.
The fast-food giant reported revenue of $5.35 billion and earnings per share of $1.97.
U.S. same-store sales grew 5.1%, the company said.
In the third quarter of the fiscal year, McDonald’s missed Wall Street estimates for the first time in two years.
McDonald’s also announced this week that it will be offering two new chicken breakfast sandwiches for a limited time in the U.S. and will continue testing Beyond Meat in its Canadian stores.
Deal approved
In what may be a first, Indiana regulators have approved the consolidation of an Adams County credit union with First Bank of Berne.
The Department of Financial Institutions first approved the application of the Adams County Farm Bureau Cooperative in Monroe to convert from a state-chartered credit union into a state-chartered mutual savings bank. It then approved the consolidation with First Bank of Berne, according to Credit Union Times.
“I’ve been doing applications for 25 years and it’s the first one that I have had to deal with,” Kirk J. Schreiber, senior depository analyst, told Credit Union Times.
The merger agreement was initially announced by both financial institutions in October.
Dividend OK’d
The board of First Financial Bancorp, the Cincinnati-based parent of First Financial Bank, approved a quarterly cash dividend of 23 cents per common share.
The dividend is payable March 16 to shareholders of record as of March 2.
Sponsors sought
Jay County Chamber of Commerce is seeking sponsors for its annual community awards banquet. The banquet is set for March 19 at the Jay County Event Center in Portland.
For more information on sponsorship, contact Darlesia Lee at (260) 726-4481 or via email at [email protected].
Ups dividend
Yum Brands Inc., parent of Pizza Hut, Taco Bell and KFC, this week announced a 12% increase in its quarterly dividend to 47 cents per share.
The dividend will be payable on March 6 to shareholders of record as of Feb. 14.
The company said it aims to revamp its financial profile and improve the efficiency of its organization and cost structure globally. It believes that a “slimmer Yum Brands” would lead to efficiency gains.
New bottles
Ardagh Group, parent of glass container manufacturing plants in Dunkirk and Winchester, this week announced six new sophisticated glass wine bottle designs.
The new designs include three new texture options.
“Innovative bottle designs and single-serve packaging formats provide wineries with opportunities for differentiation in today’s market,” John T Shaddox, chief commercial officer for Ardagh’s North American Glass business unit, said in a prepared statement. “Ardagh’s new glass wine bottle options leverage a modern, premium look and feel that respond to consumer interest.”
The company will showcase these six new glass wine bottle designs at next week’s Unified Wine & Grape Symposium at Cal Expo in Sacramento, California.
New VP
KelliePearson-Carroll has been named vice president of human resources at Meridian Health Services, a regional health care provider based in Muncie.
Most recently she was chief human resources officer for American Academic Health System and St. Christopher’s Hospital for Children in Philadelphia.
She received her undergraduate and graduate degrees from Temple University and received her certification in human resources from Villanova University.
Credentialed
First Bank of Berne security officer Kyle Raugh has been credentialed as a Certified Fraud Examiner (CFE) by the Association of Certified Fraud Examiners.
Raugh met the organization’s education, experience and character requirements.
Tyson, parent of Tyson Mexican Original of Portland, was named No. 1 in the Food Production category. NextEra, parent of Bluff Point Wind Energy Center, had been named No. 1 in the Electric and Gas Utilities category.
The annual survey, conducted by Fortune and Korn Ferry, is given to top executives, directors and financial analysts to identify the companies that have the strongest reputations within their industries and across all industries.
“We’re proud of our team members who work hard every day to make our company successful. This honor from Fortune is a great recognition of their efforts,” Noel White, chief executive officer of Tyson Foods, said in a prepared statement. “Sustainable, global growth that drives value for our customers and consumers while feeding the world nutritious, affordable food is at the center of our strategy.”
Fortune’s World's Most Admired Companies list is considered the definitive report card on corporate reputations.
New CEO
Neil Draper has been named president and chief executive officer of Jay County REMC in the wake of the retirement of Mark W. Arnold.
Board president Tom Zimmerman said Arnold and Draper will work together over the coming weeks to ensure a smooth transition.
A resident of Wells County, Draper is originally from Michigan. He is a graduate of Bluffton High School and received his degree in electrical engineering from IPFW. He earned management certification from the National Rural Electric Cooperative Association.
Most recently he has worked as a system engineer with Heartland REMC.
Draper and his family will be introduced to the cooperative at the annual meeting on April 18.
Briggs honored
Longtime Geneva banker Andrew Briggs received the 2019 Lifetime Achievement Award recently from the Berne Chamber of Commerce.
A 1972 graduate of South Adams High School, he graduated from Ball State University in 1978.
Now senior vice president of Famers and Merchants State Bank, he is a past president of the Indiana Bankers Association and continues to serve on its board of directors. He’s also past president of the Geneva Town Board and currently serves as treasurer for the Adams County Public Library System.
In 2019, he was named a Sagamore of the Wabash by Gov. Eric Holcomb.
Mayoral address
Portland Mayor John Boggs will deliver his first State of the City address at the Jay County Chamber of Commerce networking luncheon at noon on Wednesday, Feb. 19.
This month’s luncheon will be held at the Lions Event Center on road 100 North.
Reservations should be made by noon on Feb. 13 by calling (260) 726-4481 or emailing [email protected]. Cost of the luncheon is $10 per person.
Annual meeting
CrossRoads Financial Federal Credit Union members held their annual meeting on Jan. 25.
Board members Joellen Johnston and Joe Vinson were unopposed and will serve a three-year term on the board.
Controller Jeff Whetstone reported that total assets were $57,839,417 and total deposits were $50,755,484 at year end 2019. Net income for 2019 of $910,312 was a 21% increase from 2018.
Capital ratio increased 17.1% from the prior year up to 10.89% and the total membership at CrossRoads is 9,116 at year end 2019.
President Donald C. Gillespie recognized employees for their years of service to the membership including Patty Walters, 10 years, Sandy Crouch, 20 years, Janet Bantz, Paula Davidson and Jeanna Ford, 30 years.
Special recognition was given to Janet Bantz for her service as president from 1989 to her Jan. 1 retirement.
Dale Pearson was recognized for serving as a volunteer and board member since 1985.
Beat expectations
McDonald’s this week reported earnings and revenue in the fourth quarter that beat Wall Street expectation.
The fast-food giant reported revenue of $5.35 billion and earnings per share of $1.97.
U.S. same-store sales grew 5.1%, the company said.
In the third quarter of the fiscal year, McDonald’s missed Wall Street estimates for the first time in two years.
McDonald’s also announced this week that it will be offering two new chicken breakfast sandwiches for a limited time in the U.S. and will continue testing Beyond Meat in its Canadian stores.
Deal approved
In what may be a first, Indiana regulators have approved the consolidation of an Adams County credit union with First Bank of Berne.
The Department of Financial Institutions first approved the application of the Adams County Farm Bureau Cooperative in Monroe to convert from a state-chartered credit union into a state-chartered mutual savings bank. It then approved the consolidation with First Bank of Berne, according to Credit Union Times.
“I’ve been doing applications for 25 years and it’s the first one that I have had to deal with,” Kirk J. Schreiber, senior depository analyst, told Credit Union Times.
The merger agreement was initially announced by both financial institutions in October.
Dividend OK’d
The board of First Financial Bancorp, the Cincinnati-based parent of First Financial Bank, approved a quarterly cash dividend of 23 cents per common share.
The dividend is payable March 16 to shareholders of record as of March 2.
Sponsors sought
Jay County Chamber of Commerce is seeking sponsors for its annual community awards banquet. The banquet is set for March 19 at the Jay County Event Center in Portland.
For more information on sponsorship, contact Darlesia Lee at (260) 726-4481 or via email at [email protected].
Ups dividend
Yum Brands Inc., parent of Pizza Hut, Taco Bell and KFC, this week announced a 12% increase in its quarterly dividend to 47 cents per share.
The dividend will be payable on March 6 to shareholders of record as of Feb. 14.
The company said it aims to revamp its financial profile and improve the efficiency of its organization and cost structure globally. It believes that a “slimmer Yum Brands” would lead to efficiency gains.
New bottles
Ardagh Group, parent of glass container manufacturing plants in Dunkirk and Winchester, this week announced six new sophisticated glass wine bottle designs.
The new designs include three new texture options.
“Innovative bottle designs and single-serve packaging formats provide wineries with opportunities for differentiation in today’s market,” John T Shaddox, chief commercial officer for Ardagh’s North American Glass business unit, said in a prepared statement. “Ardagh’s new glass wine bottle options leverage a modern, premium look and feel that respond to consumer interest.”
The company will showcase these six new glass wine bottle designs at next week’s Unified Wine & Grape Symposium at Cal Expo in Sacramento, California.
New VP
KelliePearson-Carroll has been named vice president of human resources at Meridian Health Services, a regional health care provider based in Muncie.
Most recently she was chief human resources officer for American Academic Health System and St. Christopher’s Hospital for Children in Philadelphia.
She received her undergraduate and graduate degrees from Temple University and received her certification in human resources from Villanova University.
Credentialed
First Bank of Berne security officer Kyle Raugh has been credentialed as a Certified Fraud Examiner (CFE) by the Association of Certified Fraud Examiners.
Raugh met the organization’s education, experience and character requirements.
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