Trinity Industries (TRN) Subsidiary to Stop Shipments of ET-Plus System Oct 24, 2014 04:23PM

Trinity Highway Products, LLC announced today that it will stop the shipment of the ET-Plus® System until additional crash testing can be completed.

The Federal Highway Administration (FHWA) recently requested additional crash testing of the ET-Plus® System in support of its ongoing evaluation of the ET-Plus® System. The Company will continue working with FHWA related to further testing and will stop shipment of the product until requested testing is completed.

"In light of FHWA's request, the right thing to do is to stop shipping the product until the additional testing has been completed," said Gregg Mitchell, President, Trinity Highway Products, LLC. "We have confidence in the ET-Plus® System as designed and crash tested by Texas A&M Transportation Institute. It has met all tests previously requested by FHWA. We take the safety of the products we manufacture very seriously," Mitchell said.

Trinity Highway Products, LLC is a subsidiary of Trinity Industries, Inc. (NYSE: TRN).


Amazon.com (AMZN) Taps Former Dow Jones CIO to Lead AWS Oct 24, 2014 03:49PM

Amazon (Nasdaq: AMZN) has tapped the former CIO and global head of technology at Dow Jones & Co. to lead its Amazon Web Services unit.

The WSJ noted that Stephen Orban also spent a decade at Bloomberg LP, where he co-founded Bloomberg Sports and developed private cloud infrastructure for the company's web properties.

Shares of Amazon are lower following Thursday's Q3 report.


3D Systems (DDD) Taps Bose's Peter Theran as VP, Consumer Retail Oct 24, 2014 08:36AM

3D Systems (NYSE: DDD) that Peter Theran joined the company as its Vice President, Consumer Retail and will lead the expansion of the company's consumer products into new retail markets. Peter's charter is to broaden the reach and penetration of 3DS' latest consumer products, services and experiences including its Cube 3 and CubePro printers and its expanding portfolio of perceptual devices and online Cubify experiences.

"We are thrilled to have a person of Peter's considerable experience and stellar track record join our senior leadership ranks to lead one of our emerging growth businesses," said Avi Reichental, President and Chief Executive Officer, 3DS.

Peter comes to 3DS after a distinguished consumer and retail career, anchored by a 20-year service at Bose Corporation, where he managed reseller, retail and web businesses representing $350M in annual revenue. Peter brings with him deep experience in product management, marketing, sales operations and a proven record of developing differentiated markets for new consumer products.

"It is fortuitous to have a person of Peter's caliber at the helm, just as our latest consumer products are shipping. With several inbound retail opportunities at hand and as positive new products reviews abound, the stage is set for accelerated growth," concluded Reichental.

As part of its consumer products expansion, 3DS is participating in the new Intel Experience that is featured exclusively in 50 Best Buy retail stores across the United States. As the 3D printing pioneer and leader, 3DS is showcasing its new Cube 3 printers which will be printing live in stores and available for purchase at select Best Buy stores and online from BestBuy.com.


Avery Dennison (AVY) Appoints New COO Oct 24, 2014 08:33AM

Avery Dennison (NYSE: AVY) announced that its board of directors has elected Mitchell R. Butier as president and chief operating officer, effective November 1.

Mitchell R. Butier, Avery Dennison chief financial officer, has been named president and chief operating officer of the global labeling and packaging materials and solutions company. (Photo: Business Wire)

Mr. Butier, 43, has been the company’s senior vice president and chief financial officer since June 2010, and will continue to serve as CFO until a successor is named. Dean A. Scarborough continues as chairman and chief executive officer.

“Mitch has been a great thought partner in shaping our business model, and an architect of our value creation strategy,” said Scarborough. “He has worked in both of our core businesses, and played an instrumental role in developing their strategies for profitable growth.”

As COO, Butier will be responsible for the company’s operations, with all business unit leaders reporting to him. Donald A. Nolan, president of the Materials Group, will leave the company after a brief transition period. As a result, Butier will assume direct oversight of the materials businesses as of November 1.

“Mitch is highly respected throughout the organization for his exemplary leadership and ability to make things happen,” said Scarborough. “We’ve worked together for more than a decade, and I look forward to our new partnership in building this great company.”

Butier joined Avery Dennison from PricewaterhouseCoopers in 2000. Prior to being named senior vice president and chief financial officer, he served from 2007 to 2010 as corporate vice president, global finance, and chief accounting officer. Prior to 2007, he held other senior leadership roles across the company. He earned a B.S.A. from Loyola Marymount University.


Coca Cola (KO) Marketing Chief Tripodi to Retire Oct 23, 2014 10:02AM

Coca Cola (NYSE: KO) announced that after more than seven years of distinguished leadership and service as the Company’s Chief Marketing and Commercial Officer, Joe Tripodi will retire from the Company at the end of February 2015.

Tripodi will be succeeded by Marcos De Quinto, a seasoned and respected Company veteran who is currently President of the Iberia Business Unit & Vice President, Europe Group.

“During his tenure, Joe has successfully led our Company’s worldwide marketing and commercial organization, and played a vital role in building and leveraging our marketing capabilities and talent around the globe,” said Muhtar Kent, Chairman and Chief Executive Officer, The Coca-Cola Company. “I want to thank Joe for his leadership, dedication and many contributions to our business, and wish him and his family much happiness in his retirement.”

Under Tripodi’s leadership, The Coca-Cola Company launched one of its most successful global campaigns for brand Coca-Cola, Open Happiness. The Company was named the Cannes Lions Creative Marketer of the Year in 2013, while Trademark Coca-Cola continued its multi-year run among the top of Interbrand’s Most Valuable Global Brand List. In addition, The Coca-Cola Company’s marketing strategies and innovative consumer engagement work earned it a place among Fast Company magazine’s Top 15 Most Innovative Companies in the World in 2013. The Company was also recognized as Advertising Age Marketer of the Year and Mobile Marketing Association Marketer of the Year. Earlier this year, Tripodi was inducted into the American Marketing Association Hall of Fame.

Tripodi joined Coca-Cola in 2007 from Allstate Insurance Company, where he was Chief Marketing Officer. He also served in Chief Marketing Officer roles for The Bank of New York, Seagram Spirits & Wine, and MasterCard International.

De Quinto will succeed Tripodi as Chief Marketing Officer, effective January 1, 2015.

“Over his tenure with Coca-Cola, Marcos has been known for his ardent passion for our brands, our business and our system, as well as his strategic capabilities,” said Mr. Kent. “Although Marcos’ DNA is that of a marketer, he has held a number of leadership roles throughout his career and he will bring a global view with strong operational experience to this key role. Through Marcos’ leadership, the Iberia Business Unit has become one of our best marketing centers of excellence worldwide. Our global marketing organization will benefit greatly from Marcos’ proven track record of success and his unique combination of world-class operational and marketing expertise.”

De Quinto has been in his current role since 2000. Previously, De Quinto held various Division Marketing roles across Spain, Southeast & West Asia, Germany, as well as general management roles in Singapore & Malaysia.

De Quinto has a Bachelor of Economics from the Complutense University of Madrid and a Masters in Business Administration from the Instituto de Empresa.

Over the next several months, Tripodi and De Quinto will work in partnership to ensure a smooth and seamless transition.


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