Konecranes and Cargotec to Merge
Finnish engineering firm Konecranes and cargo handling machinery maker Cargotec plan to merge to help speed up innovation and reap savings, they said on Thursday, sending both of their shares sharply higher.The boards of the companies, which provide road and sea-cargo handling machinery and services to industries, factories, ports and terminals, said they had signed a plan under which Konecranes would be folded into Cargotec in a merger of equals.Cargotec shares jumped around 25%, while Konecranes stock was up around 17%, giving a combined market value of around 4.5 billion euros ($5.3 billion
Konecranes Appoints New CEO and President
Konecranes, which specialises in the manufacture and service of cranes and lifting equipment, has appointed a new president and CEO, Rob Smith, who will take over his new role as of February 1, 2020.As of today, the Finnish company's CFO, Teo Ottola, who also serves as Deputy CEO, will be acting as the interim CEO until Rob Smith starts in the position."Konecranes has concluded the integration following the MHPS acquisition that took place almost three years ago. The company is now ready for the next phase in its development, and for that I am pleased to extend a warm welcome to Rob Smith, who is a global leader with a track record in achieving market leadership positions through innovative business strategies…
USCG Accepting Applications for TSAC Vacancies
The United States Coast Guard is requesting applications from qualified candidates seeking consideration for appointment as public members to the Towing Safety Advisory Committee (TSAC). TSAC advises the Coast Guard on matters relating to shallow-draft inland and coastal waterway navigation and towing safety. Applications for TSAC membership must include a cover letter and resume. By mail: Alternate Designated Federal Official (ADFO)of TSAC, Commandant, (CG-OES-2)/TSAC U.S. Coast Guard, 2100 Second St. By e-mail to [email protected].
Coast Guard Looks to Fill TSAC Vacancies
Towing Safety Advisory Committee; Vacancies / Coast Guard, DHS Requests TSAC Applications. SUMMARY: The Coast Guard seeks applications for membership on the Towing Safety Advisory Committee (TSAC). This Committee advises the Secretary of Homeland Security on matters relating to shallow-draft inland and coastal waterway navigation and towing safety. DATES: Applicants should submit a cover letter and resume in time to reach Patrick Mannion, the Alternate Designated Federal Officer (ADFO) on or before July 13, 2012. • E-mail: [email protected]. • Fax: (202) 372–1926 ATTN: Mr.
