12162017Sat
Last updateFri, 15 Dec 2017 3pm

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Emerson Announces 2017 ASCO Engineering Scholarship Recipients

Emerson has announced the recipients of the ASCO 2017 Engineering Scholarship: Alexandra Lomasney of Peabody, MA, and Richard Hollenbach III of Hatfield, PA, have each been awarded a $5,000 scholarship to support their pursuit of a bachelor's degree in engineering. Emerson will further support the recipients' studies with an additional $1,000 grant to the engineering departments at each of their respective universities.

Lomasney is a senior, studying for a chemical engineering degree, at Villanova University. Hollenbach, also a senior, is majoring in mechanical engineering at the University of Pittsburgh.

Emerson awarded the ASCO 2017 scholarship recipients on Sept. 27, at PMMI's annual Amazing Packaging Race at PACK EXPO 2017 in Las Vegas. 


Metso to Implement New Operating Model and Organization

Metso's Board of Directors has decided on the Group's new operating model and organization, effective from January 1, 2018. The new organization is designed to accelerate Metso's strategy implementation by strengthening its service and product businesses in the minerals and flow control markets. 

Metso's new business areas will be: Mining Equipment; Aggregates Equipment; Minerals Services; Minerals Consumables; Recycling; Valves; and Pumps. The Group's current reporting segments, Minerals and Flow Control, remain unchanged. 

CIRCOR to Acquire Colfax’s Fluid Handling Business

CIRCOR International has signed a definitive agreement to acquire Colfax Fluid Handling (CFH) from Colfax Corporation for approximately $855 million including cash, newly issued CIRCOR shares, and the assumption of pension plan liabilities linked to the CFH business. The combination results in estimated pro forma combined revenues of approximately $1.1 billion based on the trailing 12 month results as of June 2017. Upon closing of the transaction, Colfax will own approximately 16% of CIRCOR. 

Flowserve Appoints Lee Eckert as CFO

Flowserve has named Lee Eckert as senior vice president and chief financial officer (CFO), effective October 9, 2017. Eckert joins Flowserve from CHC Group LLC., a global commercial helicopter service provider to the offshore oil and gas industry, where he served as senior vice president and CFO since 2015.

Eckert, 50, has over two decades of financial experience. Before joining CHC Group LLC, he served as CFO of the U.S. division of National Grid Plc. In addition, he served in various executive capacities at MeadWestvaco Corporation, including as vice president, operations, healthcare, and CFO of the Packaging Resource Group. He also served in senior finance roles at Electronic Data Systems and GE. 

Velan Announces New Sales Structure

Velan is re-designing its sales structure to be better aligned with customers’ market approach. This change is intended to focus Velan’s resources on maximizing impact and competitiveness in today’s challenging economy.

Paul Dion has been appointed as vice-president of sales, process industries which will focus on downstream refining, petrochemical, chemical and mining. Emanuele Rivolta has been appointed as vice-president of sales, upstream (onshore and offshore production) and midstream markets. Stefan Wingerath has been appointed as vice-president of sales, power industries which focus on combined-cycle, super-critical and ultra-super-critical power plants, nuclear and renewable energy.

In addition, Jose del Buey has been appointed as vice-president, technical sales of quarter-turn products, and Joe Calabrese appointed as vice-president, technical sales of multi-turn products. Charlie Pogue and Paul Lee have been appointed as vice-president, commercial sales.  

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