Management Changes
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Caterpillar Inc. (NYSE: CAT) announced today that Richard Case, vice president with responsibility for the Marine & Petroleum Power Division, has elected to resign from the company to pursue other opportunities. Case's departure from Caterpillar will be effective May 1, 2012.
Caterpillar's board of directors has appointed Tom Frake to replace Case as vice president, Marine & Petroleum Power Division. Frake's appointment is effective April 1, 2012. Frake began his career at Caterpillar in 1986, and has held a series of positions with increasing responsibility at Caterpillar locations in North America, Asia and South America. Frake is currently based in Singapore, where he is the worldwide product manager for hydraulic excavators. He will relocate to Hamburg, Germany, in his new role leading the Marine & Petroleum Power Division.
"I want to thank Richard for his valued contributions to Caterpillar, where the majority of his fourteen-year career was spent in our engine business," said Gerard Vittecoq, Caterpillar group president with responsibility for Energy & Power Systems. "We wish Richard well in his new endeavors."
Caterpillar Inc. (NYSE: CAT) announced today that Richard Case, vice president with responsibility for the Marine & Petroleum Power Division, has elected to resign from the company to pursue other opportunities. Case's departure from Caterpillar will be effective May 1, 2012.
Caterpillar's board of directors has appointed Tom Frake to replace Case as vice president, Marine & Petroleum Power Division. Frake's appointment is effective April 1, 2012. Frake began his career at Caterpillar in 1986, and has held a series of positions with increasing responsibility at Caterpillar locations in North America, Asia and South America.
First Financial Service Corporation (NASDAQ: FFKY) today announced the following changes in the leadership of the Company and its subsidiary, First Federal Savings Bank of Elizabethtown.
Senator Walter Dee Huddleston is stepping down as the Chairman of the Board after diligently serving in this capacity for the past 15 years. Senator Huddleston will continue as a director, offering the benefit of his banking experience and knowledge as an active member of the Board for 46 years.
J. Stephen Mouser has been appointed as the Board's new Chairman. He is the President of Mouser Custom Cabinetry, LLC, a family-owned cabinet manufacturer employing 195 employees in Elizabethtown, Kentucky. A director since 1997, Mr. Mouser has served on a variety of Board committees of the Company and the Bank, where his extensive experience in managing business ventures has provided an entrepreneurial perspective.
E*TRADE Financial Corporation (NASDAQ: ETFC) today announced Rodger A. Lawson and Rebecca Saeger have been appointed to the Company’s Board of Directors effective February 10, 2012. Additionally, the Company announced Lewis E. Randall is retiring after almost 30 years of service on the Board effective February 10, 2012.
Lawson is a distinguished executive who most recently served as President and CEO of Fidelity Investments – Financial Services, where he is widely credited with leading significant improvements in operational efficiency and performance, and successfully guiding Fidelity through very challenging market conditions.
Saeger was Executive Vice President and Chief Marketing Officer at Charles Schwab from 2004 through 2010. She partnered with the company’s CEO to help shape the corporate vision and purpose, and revitalized the Schwab brand. She had responsibility for Schwab’s marketing, driving growth through a period of unprecedented challenges for investors and financial markets.
Sonoco (NYSE: SON), announced three executive officer appointments, according to Sonoco Chairman and Chief Executive Officer Harris E. DeLoach, Jr., and M. Jack Sanders, president and chief operating officer.
John M. Colyer, Jr. has been promoted to vice president, Global Paper and Industrial Converted Products. In this new role, Colyer has responsibility for Sonoco’s largest business segment, including global tubes and cores, paper, recycling, wire and cable reels, and internal supply businesses, including adhesives and forest products. In total, this segment has 198 global plant locations in North America, Europe, South America, Australia/New Zealand and Asia. Colyer is a member of the Company’s executive committee, reporting to Sanders.
Prior to this new assignment, Colyer, 51, served as vice president, Global Industrial Converting, and was responsible for leading the effort to complete the recent acquisition of Tegrant Corporation.
Ronald G. Leach has been named vice president of Sonoco’s recently expanded Global Protective Packaging segment, elected an officer of the Company and appointed to the executive committee, reporting to Sanders.
Leach, 54, was president and chief executive officer of Tegrant Corporation, prior to the acquisition in November 2011.
R. Howard Coker, 49, has been named to the Company’s executive committee and remains vice president, Global Rigid Paper and Closures, reporting to Sanders. In this position, Coker has global responsibility for the Company’s composite can, and metal and peelable membrane ends and closures businesses.
Prior to this appointment, Coker was vice president, Rigid Paper and Closures – North America.
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