Daily Archives: January 14, 2019

CP Kelco Receives Non-GMO Project Verification for 19 GENU® Pectin Products

ATLANTA, Jan. 14, 2019 (GLOBE NEWSWIRE) — CP Kelco, a leading global producer of specialty hydrocolloid solutions, announced today that the following 19 GENU® Pectin products are Non-GMO Project (NGP) verified:

  • GENU® BETA Pectin
  • GENU® Pectin type B rapid set
  • GENU® Pectin type D slow set
  • GENU® Pectin type DD extra slow set
  • GENU® Pectin type LM-12 CG
  • GENU® Pectin type LM-12-CG-Z
  • GENU® Pectin type LM-18 CG
  • GENU® Pectin type LM-22 CG
  • GENU® Pectin type LM-101 AS
  • GENU® Pectin type LM-102 AS
  • GENU® Pectin type LM-104 AS
  • GENU® Pectin type LM-105 AS
  • GENU® Pectin type JMJ
  • GENU® Pectin type YM-100-H
  • GENU® Pectin type YM-150-H
  • GENU® Pectin type YM-100-L
  • GENU® Pectin VIS-Z
  • GENU® Pectin type YM-115-L
  • GENU® Pectin type YM-115-H

NGP is a nonprofit organization dedicated to building and protecting a non-GMO food supply in North America.

Pectin, which is extracted from citrus peel, provides unique gelling, thickening and stabilizing properties in various food and beverage applications, including fruit juices, acidified protein drinks, jams, jellies, bakery mixes and fillings, dairy desserts and beverages, soups and sauces and it serves as a gelatin replacement in desserts and gels, amongst others.

“With our history of technical expertise, ongoing research and problem-solving with customers, we serve as an extension of a food manufacturer’s R&D team and understand the challenges of keeping up with food industry trends,” said Jérôme Béra, Senior Vice President of Global Marketing at CP Kelco. “We have seen increasing consumer interest in NGP-verified consumer products in North America and we strive to help our customers by achieving the verification for some of our key products. Shortening the NGP verification process makes it easier for our customers to introduce new products on shelves.”

For the most up-to-date list of CP Kelco NGP-verified products, visit the Non-GMO Project website. To learn more about these products and how to develop or improve formulations, send an email to solutions@cpkelco.com or visit http://www.cpkelco.com/.

About CP Kelco

Headquartered in Atlanta, Georgia, USA, and part of J.M. Huber Corporation, CP Kelco is a leading producer of specialty hydrocolloids with offices and facilities across the globe. Featuring an extensive range of hydrocolloid solutions and serving over 100 countries, CP Kelco leverages its capabilities to bring concepts and ideas to real-world products in a broad range of applications. The company’s specialty ingredients touch a wide variety of consumer and household products and industrial applications, tailored to meet the needs of regional consumers. Key product lines are Gellan Gum, Pectin, Xanthan Gum, Cellulose Gum, Carrageenan, Diutan Gum and Microparticulated Whey Protein Concentrate, as well as other unique biopolymers. Visit http://www.cpkelco.com/ for more information.

CONTACT:
Michele Cacdac-Jones
Office: +1 678 247 7149
Mobile: +1 770 743 0564
michele.cacdac-jones@cpkelco.com

Graduate Management Admission Council Acquires The MBA Tour

Acquisition will leverage GMAC’s data and digital assets to foster more strategic dialogue between business schools and candidates

RESTON, Va., Jan. 14, 2019 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, has acquired The MBA Tour, a well-recognized brand within the graduate management education industry.

The MBA Tour supports business schools’ global recruiting efforts by organizing business education-focused events each year around the world.  GMAC will look to grow The MBA Tour’s core offering, expand into additional markets and explore ways to deepen the interaction between business schools and prospective students in a personalized, data rich manner.

The acquisition is consistent with GMAC’s mission; to build the tools that help business schools and talented individuals discover and evaluate each other. GMAC will add value by integrating its market intelligence and digital assets to create a richer event experience and attract prospective students through comprehensive recruiting solutions that align its data, reach and presence along multiple candidate touchpoints. In addition, GMAC will expand The MBA Tour events into currently underserved markets, bringing easier recruiting access to a new pool of prospective students.  By doing so, GMAC will provide schools with more opportunities to build stronger, more informed, and meaningful connections.  And with more information to guide them, prospective students can make better decisions from the moment they consider a graduate business degree to the time they enter the application phase.

“The acquisition of The MBA Tour is part of an ongoing effort to develop smarter, more innovative ways to help business schools grow their candidate pipeline while providing programs with more intuitive, data-driven solutions to meet their recruiting needs,” said Sangeet Chowfla, president and CEO of GMAC. “Building a robust and diverse pipeline is a critical issue facing business schools around the world, and GMAC recognizes the important role it plays in connecting schools and candidates.”

The MBA Tour, now wholly owned by GMAC, began operation in 1993.  It hosts over 60 business education events each year across 6 continents and connects candidates with business schools from North America, Europe, Asia, Australia and South America.

“The MBA Tour has always been committed to providing the best opportunities for schools to meet qualified candidates”, said Peter von Loesecke, CEO and Managing Director of The MBA Tour.  “GMAC is well-positioned to make these events more compelling for schools and candidates by using their data and scale to better prepare candidates and schools for more meaningful discourse.”

The acquisition was completed on January 10, 2019.

About GMAC
The Graduate Management Admission Council (GMAC) is an association of leading graduate business schools worldwide. Founded in 1953, we are committed to creating solutions for business schools and candidates to better discover, evaluate and connect with each other. We work on behalf of the schools and the graduate management education community, as well as guide candidates on their journey to higher education, to ensure that no talent goes undiscovered.

GMAC provides world-class research, professional development opportunities and assessments for the industry, designed to advance the art and science of admissions. Owned and administered by GMAC, the Graduate Management Admission Test® (GMAT®) is the most widely used graduate business school assessment, recognized by more than 7,000 programs worldwide. Other GMAC assessments include the NMAT by GMAC™ (NMAT®) exam, for entrance into graduate management programs in South Asia, Southern Africa, and the Philippines, and the Executive Assessment (EA), specifically designed for Executive programs around the world.

Our flagship portal for graduate management education resources and information, www.mba.com, receives more than 6 million visitor a year and features the School Search matching tool and Graduate Management Admission Search Service® (GMASS®) database, matching candidates and business schools.

GMAC is a global organization with offices in Hong Kong, China, Gurugram, India, Singapore, London, United Kingdom and the United States. To learn more about our work, please visit www.gmac.com.

Media contact:
Geoffrey Basye, Director of Media Relations, GMAC
+1 (703) 668-9799 or gbasye@gmac.com

Graduate Management Admission Council Acquires The MBA Tour

Acquisition will leverage GMAC’s data and digital assets to foster more strategic dialogue between business schools and candidates

RESTON, Va., Jan. 14, 2019 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, has acquired The MBA Tour, a well-recognized brand within the graduate management education industry.

The MBA Tour supports business schools’ global recruiting efforts by organizing business education-focused events each year around the world.  GMAC will look to grow The MBA Tour’s core offering, expand into additional markets and explore ways to deepen the interaction between business schools and prospective students in a personalized, data rich manner.

The acquisition is consistent with GMAC’s mission; to build the tools that help business schools and talented individuals discover and evaluate each other. GMAC will add value by integrating its market intelligence and digital assets to create a richer event experience and attract prospective students through comprehensive recruiting solutions that align its data, reach and presence along multiple candidate touchpoints. In addition, GMAC will expand The MBA Tour events into currently underserved markets, bringing easier recruiting access to a new pool of prospective students.  By doing so, GMAC will provide schools with more opportunities to build stronger, more informed, and meaningful connections.  And with more information to guide them, prospective students can make better decisions from the moment they consider a graduate business degree to the time they enter the application phase.

“The acquisition of The MBA Tour is part of an ongoing effort to develop smarter, more innovative ways to help business schools grow their candidate pipeline while providing programs with more intuitive, data-driven solutions to meet their recruiting needs,” said Sangeet Chowfla, president and CEO of GMAC. “Building a robust and diverse pipeline is a critical issue facing business schools around the world, and GMAC recognizes the important role it plays in connecting schools and candidates.”

The MBA Tour, now wholly owned by GMAC, began operation in 1993.  It hosts over 60 business education events each year across 6 continents and connects candidates with business schools from North America, Europe, Asia, Australia and South America.

“The MBA Tour has always been committed to providing the best opportunities for schools to meet qualified candidates”, said Peter von Loesecke, CEO and Managing Director of The MBA Tour.  “GMAC is well-positioned to make these events more compelling for schools and candidates by using their data and scale to better prepare candidates and schools for more meaningful discourse.”

The acquisition was completed on January 10, 2019.

About GMAC
The Graduate Management Admission Council (GMAC) is an association of leading graduate business schools worldwide. Founded in 1953, we are committed to creating solutions for business schools and candidates to better discover, evaluate and connect with each other. We work on behalf of the schools and the graduate management education community, as well as guide candidates on their journey to higher education, to ensure that no talent goes undiscovered.

GMAC provides world-class research, professional development opportunities and assessments for the industry, designed to advance the art and science of admissions. Owned and administered by GMAC, the Graduate Management Admission Test® (GMAT®) is the most widely used graduate business school assessment, recognized by more than 7,000 programs worldwide. Other GMAC assessments include the NMAT by GMAC™ (NMAT®) exam, for entrance into graduate management programs in South Asia, Southern Africa, and the Philippines, and the Executive Assessment (EA), specifically designed for Executive programs around the world.

Our flagship portal for graduate management education resources and information, www.mba.com, receives more than 6 million visitor a year and features the School Search matching tool and Graduate Management Admission Search Service® (GMASS®) database, matching candidates and business schools.

GMAC is a global organization with offices in Hong Kong, China, Gurugram, India, Singapore, London, United Kingdom and the United States. To learn more about our work, please visit www.gmac.com.

Media contact:
Geoffrey Basye, Director of Media Relations, GMAC
+1 (703) 668-9799 or gbasye@gmac.com

CNH Industrial launches new organizational structure to accelerate global growth and profitability

  • Enhanced Company organizational structure focusing on its five global operating segments (Agriculture, Commercial & Specialty Vehicles, Construction, Powertrain, and Financial Services) supported by Global Functions addressing key synergy and development areas
  • Changes to Global Executive Committee (“GEC”) and members announced
  • Increased customer focus, fostering entrepreneurship and agility at segment level combined with greater leverage of global supply chain and innovation efforts
  • Further expansion in digitalization, automation and alternative propulsion systems

London, January 14, 2019

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), one of the world’s largest capital goods companies, announced today it is laying the foundation for accelerated global growth and profitability by changing its organizational structure and strengthening and focusing its Global Executive Committee (“GEC”, formerly named “Group Executive Council”).  The GEC is the operational decision-making body of CNH Industrial, which is responsible for reviewing the operating performance of the segments and making decisions on certain operational matters.

“Our industry is experiencing an ever-accelerating rate and growing magnitude of change fueled by megatrends such as digitalization, automation, electrification and servitization. Companies need to adapt, change and revitalize themselves continuously in order to meet these business challenges and successfully generate long-term value,” said Hubertus Mühlhäuser, Chief Executive Officer, CNH Industrial.

Consequently, the leadership of CNH Industrial conducted a detailed review into the way the Company does business.  The assessment included, among other things, obtaining feedback from its customers and channel partners, reviewing internal processes and systems, as well as taking a close look at its organizational structure and governance. “While we found numerous areas of excellence, as indicated by our continued strong year-over-year performance, we also identified opportunities for improvement, such as changing our organizational set-up into the new organizational structure presented today,” noted Mr. Mühlhäuser.

Through the organizational changes announced today, CNH Industrial is seeking to become

  • more customer centric, by enhanced focus on its five strong operating segments whose mission will be based on meeting and exceeding customers’ expectations;
  • more entrepreneurial, by reducing complexity and empowering these operating segments, while retaining the right level of corporate control;
  • more lean and agile, by simplifying decision processes and streamlining the organizational structure;
  • more innovative, by enabling faster and more market focused innovations both in terms of hardware and software as well as new business models.

Overall, the Company’s organization will be significantly simplified by strengthening its five global segments supported by streamlined global functions. The former regional structure will be largely absorbed into the operating segments, thus bringing the businesses closer to their customers and accelerating decision-making processes.

Operating Segments

The five operating segments will be fully responsible for the global growth and performance of their respective businesses, increasing focus and accountability. Each operating segment will have Product Line Leaders, Brand Leaders and Support Function Leaders.

  • Product Line Leaders will manage global product roadmaps and introductions as well as product cost and quality to ensure global consistency.
  • Brand Leaders will manage all commercial and go-to-market aspects including the ideal positioning of our industry-leading brands.
  • Support Function Leaders will drive segment specific processes and systems including Finance, Information Communication Technologies and Talent, amongst others.

The five operating segments and the GEC members leading each of them are:

  • Agriculture comprising the global agricultural brands of Case IH and New Holland Agriculture, together with the regional brand of STEYR. The Agricultural segment will be led by Derek Neilson, President Agriculture, who was the former COO of the EMEA region, a role he held since 2015.
  • Commercial and Specialty Vehicles including commercial vehicles brand IVECO, bus and coach brands IVECO BUS and Heuliez Bus, off-road and quarry vehicles brand IVECO ASTRA, firefighting brand Magirus and the Iveco Defence Vehicles brand, which focuses on civil protection and defense vehicles. The Commercial and Specialty Vehicles segment will be led by Gerrit Marx, President Commercial and Specialty Vehicles, who newly joins CNH Industrial. Mr. Marx has a strong automotive background, including commercial vehicles, having served for Daimler Trucks and Volkswagen in different world regions.
  • Construction comprising the CASE Construction Equipment and New Holland Construction brands. The Construction segment will be led by Carl Gustaf Göransson, President Construction, who has been responsible for the construction segment since 2016.
  • Powertrain focuses on the FPT Industrial brand, producing powertrains, axles, and transmissions. The Powertrain segment will continue to be led by Annalisa Stupenengo, President Powertrain, who assumed this role in 2015.
  • Financial Services is a global Financial Services player in the agricultural, construction equipment and commercial vehicles industries. The Financial Services segment will continue to be led by Oddone Incisa, President Financial Services, who assumed this role in 2013.

Functions

Given the enhanced focus of our five global operating segments, and the related transfer of business responsibility, the number and size of corporate functions has been reduced and their areas of responsibility streamlined.

Going forward, the corporate functions will focus on core Company tasks, including functional strategies, controls, systems and processes, reducing overheads and enabling faster decision-making and guaranteeing the adequate checks and balances in our new organization. At the same time, resources and funding have been reallocated allowing the Company to accelerate its activities in the areas of, amongst others, automation, vehicle electrification, digitalization and servitization.

  • Finance, M&A and Sustainability will oversee the consolidated financial performance and controls, as well as financial planning & analysis, tax, treasury & risk management, investor relations, mergers & acquisitions and the Company´s sustainability activities.
  • Strategy, Talent, ICT and Digital will manage the Company-wide strategy, internal stakeholder communication and human resources activities. It will also oversee the Company’s information and communication technology infrastructure as well as drive development of connected processes, services and business models.
  • Technology will manage core Company-wide technology programs including the Company’s stronger focus on the areas of automation and electrification.
  • Supply Chain will coordinate Company-wide procurement, manufacturing and quality activities ensuring leverage of scale, sharing of best practices, network optimization as well as continued application of Industry 4.0 concepts.
  • High Growth Markets: Asia, Middle East and Africa (AMEA) and South America (SA) will manage and coordinate regional sales, distribution and business activities across segments for those high growth regions and will manage the Company’s joint ventures and strategic alliances locally.
  • Aftermarket Solutions will ensure global Parts, Technical Service and Service excellence across the operating segments. While primary profit and loss responsibilities will reside within the respective operating segments, as will their commercial realization, the Aftermarket team will ensure accelerated development and deployment of innovative aftermarket concepts.

The functional leaders and GEC members are:

  • Finance, M&A and Sustainability – Max Chiara will continue to serve in his previous roles as Chief Financial Officer, a role he has held since 2013, and Chief Sustainability Officer, a role he has held since 2016.
  • Strategy, Talent, ICT and Digital –  Andreas Weishaar, Chief Strategy, Talent, ICT and Digital Officer joins the Company with a rich background having served at AGCO Corporation and Welbilt Inc. in similar roles. Mr. Weishaar started his career at Arthur D. Little.
  • Technology – Alan Berger, former Chief Technical Officer, will assume the role of Chief Technology Officer for the Company.
  • Supply Chain – Tom Verbaeten, former Chief Manufacturing Officer, will assume the role of Chief Supply Chain Officer.
  • High Growth Markets AMEA – Stefano Pampalone, former COO APAC, will assume the role of General Manager Asia, Middle East & Africa (AMEA) and will be responsible for all joint ventures and strategic alliances.
  • High Growth Markets SA – Vilmar Fistarol, former COO Latin America, will assume the role of General Manager South America.
  • Aftermarket Solutions –  Luc Billiet, former President Parts and Service, will assume the role of General Manager Aftermarket Solutions.

The Global Executive Committee will be advised as appropriate by Legal, Internal Audit, Compliance, and Corporate Communications.

Implementation of these organizational changes will proceed over the coming months and will include the development of a CNH Industrial strategic business plan based on the new organizational structure and direction.

CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

Sign up for corporate news alerts from the CNH Industrial Newsroom:
bit.ly/media-cnhindustrial-subscribe

Media contacts:
                       
Richard Gadeselli                                               Laura Overall
Vice President Corporate Communications            Corporate Communications Manager
CNH Industrial                                                   CNH Industrial
Tel. +44 (0)2077 660 346                                   Tel. +44 (0)2077 660 338
E-mail: mediarelations@cnhind.com

Attachment