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AdvertisementClick Here to Read MoreAdvertisementLKQ Corp. has announced that John Quinn, executive vice president and CEO of LKQ Europe, has submitted his notice of retirement. Arnd Franz, currently chief operating officer of LKQ Europe, has been selected to succeed Franz, effective Oct. 1, 2019. Franz joined LKQ in April of this year after spending most of his career at the MAHLE Group, where most recently he was corporate executive vice president and a member of the management board. As Executive Vice President, Franz had responsibility for MAHLE’S global automotive sales and application engineering, including the aftermarket business unit. From 2006 until 2013, he was executive vice president and general manager for MAHLE Aftermarket.Quinn joined LKQ in 2009 as CFO and became CEO of LKQ Europe in early 2015 to lead the company’s operations overseas. Under his leadership, the revenue of LKQ’s European segment has more than tripled, as the company acquired several of the leading distributors in key markets like Stahlgruber in Germany and Rhiag in Italy and the Czech Republic. Today, LKQ Europe is the largest distributor of automotive aftermarket parts in Europe, with approximately $6 billion of annualized revenue and operations in more than 20 European countries.AdvertisementDominick Zarcone, president and CEO of LKQ Corp., said, “The addition of Arnd Franz to our European leadership team earlier this year was part of our normal succession planning process, and I am highly confident in Arnd’s ability to further accelerate the integration and improvements in the operational practices of our industry leading companies. I believe that under his leadership we will continue to expand on our success in Europe. John has been an integral member of the senior management team here at LKQ for the past decade and our European operations have significantly expanded under his leadership these past five years. I am extremely grateful for his dedication and hard work on behalf of LKQ.”Quinn commented, “LKQ has, in a very short time, created the premier aftermarket auto parts distributor in Europe. I am confident in the future of the company and the benefits to our customers, employees, suppliers and shareholders as LKQ continues to lever the strengths of the market leaders acquired since 2011. I look forward to transitioning my responsibilities to Arnd in the coming months.”Franz added, “I am humbled by both the opportunity and responsibility associated with leading LKQ’s European segment and look forward to continuing its track record of growth and success.”Advertisement
The Smart-Hose adapter/coupler products provide break-away protection and offer the flexibility to be used with Smart-Hose assemblies, conventional assemblies, or where no hose attachments are required.Based in Philadelphia, Smart-Hose technologies produces passive, integrated safety hose assemblies, break-away hose assemblies, and break-away adaptor/coupler productions for industrial transfer applications. Source: Smart-Hose Technologies
DeMaCo, the Dutch specialist in cryogenic infrastructure, said that on Tuesday the first batch of the 24 meter LNG-transferlines left DeMaCo for CryoAB in Lysekil, Sweden.“This forms an important milestone for both the customer and DeMaCo,” the company reported.DeMaCO has last month secured an order to build the LNG transport pipelines for the largest LNG receiving terminal in Scandinavia, to be built by Cryo AB for Skangass.The receiving terminal will be built next to Preem’s refinery in Lysekil (100 km north of Gothenburg ) on the west coast of Sweden.Besides delivery of LNG to Preem’s refinery, a truck loading facility will be built in connection to the terminal.The terminal will also become an important hub for distribution of LNG as fuel for ships.A shift to LNG as fuel is one of the most effective ways to reduce CO2 emissions and meet stricter environmental requirements.The gas will come from the LNG plant at Risavika (another LNG project Demaco is working on) near Stavanger.LNG will be delivered to Lysekil using Skangass LNG carrier – Coral Energy.The LNG terminal is scheduled to be in operation by the end of 2013, an investment estimated at 55 million EUR.[mappress]
Geoffrey Jacobs, the new president of the Cape Chamber of Commerce and Industry. As a son of Athlone, Geoffrey Jacobs, the new president of the Cape Chamber of Commerce and Industry, is committed to improving the conditions of business owners and hopes to bring back the rich history that the area once had. Born in Crawford, Mr Jacobs spent most of his years in Athlone as he attended Athlone North Primary School, and then Athlone High School where he matriculated in 1974. After completing his BA degree and teacher’s diploma at the University of Cape Town, he spent 12 years as a teacher at Athlone High School, and eventually became deputy principal.In 1991 he took up the position as the founding principal of Zonnebloem Nest High School in District Six. Even though he moved out of the area, he has always retained his connection with Athlone, most recently taking up the position of chairperson of the Athlone High School Alumni Association.Mr Jacobs said that Athlone has changed over the years and was not the safe place he grew up in during the 1970s and 1980s. “In those days, one could walk in most parts of Athlone without feeling threatened. Even gangsters and skollies had some kind of respect for others, especially older people and for their teachers. My uncle, Cecil Filies, was principal of Athlone North Primary, and he often recounted stories of meeting ex-learners from his school, and despite their new-found reputation as gang leaders and strong men in the community, they still had the utmost respect for him.As a young high school student, I worked as a shoe salesman at the iconic Rucky’s shoe shop in Klipfontein Road, and there too, despite many attempts at shoplifting, very few succeeded against the beady-eyed Mr Ruckersberg. There was a healthy respect for people, regardless of race or gender. It was a fun, thriving, accepting community back then, with few racial and social issues. Whether we were from Rondeboch East, Kewtown, Bridgetown or Vanguard Estate, there was a camaraderie which transcended racial, social, class and language issues. Lots of that has changed, and there is now an edge in relationships, everyone has an issue with everything, everyone is standing on their rights, regardless of whether they trample others’ rights in the process, and there is an anger and a propensity to violence, which we never saw in our day.”He said that in the classrooms, back then, disruption was light-hearted, well-meaning and mischievous but today, anger and violence were default emotions, and the mantra is shoot first and ask questions later. “Of course, on the positive side, the area has developed, and many of the retail places which were fledgling businesses back then are now economic giants – Wembley, Elite, Galaxy, Hilite, to mention a few. It’s exciting to see local business people stepping up and leveraging the many opportunities that exist in the area,” he said. Asked why the job change, Mr Jacobs said this position gave one the platform to inform and influence policy and practice, particularly as it relates to business.He added that businesses, especially small, medium and micro enterprises are the future of South Africa, as it is only in this sector that possible job creation exists. “The corporate sector has been shedding jobs over the past decade, and the bloated public sector has probably reached its maximum and will be under pressure to bring staffing numbers to more realistic levels. For SMME’s to grow to scale, we need a massive injection of investment into this sector, as well as a concerted effort to develop the relevant skills. There is currently a disjoint between what our schools and tertiary institutions are producing in skills, and what the corporate and SMME sectors need. As president of the CCCI, I have an opportunity to help shape the conversation to address this current disjoint,” he said. Mr Jacobs said the challenges faced by Athlone were the challenges faced by all businesses which included transport congestion, crime and violence, drugs and gangsterism, unstable electricity supply, low economic growth, and many more, but they were more felt in areas such as Athlone because of its rich history. He added, however, that the area had the potential to return to its glory days – a thriving economy, an interactive community, strong schools and a cultural hub which it once was. “By bringing all key players together, the CCCI can play an important coordinating role in re-imagining Athlone. As a son of Athlone, I’m committed to this,” he added.
There has been a 10% fall in the number of people making a will … Only one in 10 cohabiting couples have a living together agreement… Three out of 10 landlords admit they have often failed to protect a tenant’s deposit … These examples are made up, of course, but surprising though it may seem, such relatively small snippets of information are often enough to create a news article. This is because the survey results offer a new perspective on an old subject and so justifies renewed attention. If you carry out simple surveys like these and turn the findings into press releases, you have a very good chance of getting coverage and raising your firm’s profile. Once you start to recognise these stories you will start to see them regularly across most media outlets. The surveys don’t have to be extensive and they don’t have to be about established subjects. For example, there might be an interesting survey to be done on how many companies believe they are compliant with the new cookie regulations – or even how many companies know about the new regulations. If you think about it in this way, it won’t be long before you see the potential in the services your firm covers. And once you get the ball rolling, you never have to stop. You can do the same sort of surveys every year if you wish. There are lots of firms who do precisely that and continue to get coverage even though the results vary little from one year to the next. Accountancy firms are particularly good at this. Of course, it is better from a news point of view if your survey results do change year on year. This will give you a trend to report on which is a step up from a static survey report. You will have seen this kind of story countless times: I quite like watching the TV comedy show 8 Out of 10 Cats. Not just because of its entertainment value but because of what it highlights about marketing – yes, even the marketing of law firms. In case anyone doesn’t know, 8 Out of 10 Cats is based on surveys about how the public respond to various questions. It can be very amusing, but more importantly for our purposes it shows the power of the humble survey to grab the attention of both the public and the media. And this is where law firms come in: learn how to harness the power of surveys and you will have a constant supply of free marketing material. If that seems an extravagant claim, then consider how the media looks upon surveys. Newspapers and business magazines love them, and with good reason. The media is always looking for new ways to explore well-established themes ranging from personal issues such as marriage and cohabiting, to business matters such as employment or commercial property. To keep revisiting these subjects the media needs a new angle; surveys are a good way of creating that angle. For example, you may conduct a survey among your clients that reveals simple but interesting information such as: There has been a 20% increase in the number of people drawing up pre-nup agreements … Such reports are created by simply comparing the results of surveys from two different years. This kind of story is even more likely to get press coverage because it highlights change and news is all about change. I’ve focused on how surveys can help get valuable coverage in the media because that is perhaps their most glamorous use. However, that’s only the icing on the cake. Their real value may be in what they tell you about your clients, and the way in which they enable you to engage with those clients and make them feel valued. But more of that in another post. Nick Kehoe is a former television and newspaper journalist. He is now managing director at law marketing firm Media Coverage Seven out of 10 family businesses have no succession plan in place …
At least eight in 10 trainees are being kept on at the magic circle this autumn, with most firms posting higher retention rates than in 2015.Freshfields Bruckhaus Deringer led the way, posting a 95% retention rate after offering contracts to 40 of 42 trainees. Last year the firm kept on 83% of its cohort, offering 43 jobs from 48 places.After leading the magic circle last year with a 96% retention rate, Clifford Chance retained 82% this year, with 40 out of 49 trainees staying on.Excluding five resignations, Linklaters offered jobs to all of its 56 trainees this year. Overall, the retention rate was 91%. Last year it made offers to 46 of its 55 trainees (84%).Linklaters training principal Nick Rumsby said: ‘We are very pleased to announce such an impressive retention rate for our September qualification round. We are again fortunate to have a large group of talented junior lawyers qualifying with us—retaining 91% of the cohort is excellent news for Linklaters.’Allen & Overy matched last year’s figures, posting an 86% retention rate for its 42-strong cohort – 39 applied for a role, 38 offers were made and 36 offers were accepted.James Partridge, partner and training principal at Allen & Overy, said: ‘The retention rate is pleasing and in line with what we would expect.‘It demonstrates our long-term commitment to recruiting and retaining our talented young lawyers.’Slaughter and May has yet to reveal its figures.International firm Hogan Lovells, meanwhile, reported an 80% retention rate. From 30 trainees, 29 applied for a role, of whom 25 were successful. Of those 25, 24 accepted a contract.Professional services firm RPC announced that it is keeping on 70% of its intake, offering roles to 14 out of 20 trainees.
ROAD-RAILER: The ‘Trensformer’ trailer developed by Dutch firm RENS is an adaptable platform intended to permit a standard road vehicle to operate as a tractor unit on rail wheels.With an adjustable length of between 4125 mm and 5025 mm, Trensformer allows a standard road vehicle, such as a tractor, pick-up truck or motorised crane, to be mounted over a set of rollers. The rollers allow the road vehicle’s own drive train to power the rail wheels directly, essentially creating a low-cost shunting locomotive or tug. The trailer is equipped with a parking brake, and a compressor module controllable from the dashboard can be used to enhance the road tractor’s own brakes. Road vehicles weighing up to 20 tonnes can be accommodated on the platform; no further rail-specific approvals are required if the tractor unit is already cleared to work in a railway environment. The Trensformer trailer can be supplied with fixed fastenings for use with a single type of road tractor. Polyurethane-coated rail wheels can be supplied to give additional adhesion if required. RENS believes the design would be of particular use to industrial railways, maintenance contractors and private siding operators in need of a multi-purpose vehicle at low cost.
INDIA: Wabtec Corp has collaborated with 3D printing equipment supplier HP and supply chain specialist Redington to open an additive manufacturing centre at its Bengaluru siteThe Wabtec India Additive Manufacturing Centre is focused on accelerating the design and production of components for prototyping and short to medium batch production. This could include products such as adapters, brake controller covers and sensor holders.It offers complementary services including consulting, part identification and production of components for supply to locomotive and public transport operators and to micro, small and medium enterprises.Wabtec also has additive manufacturing capabilities at Grove City in the USA, and aims to use the process to make 25 000 production parts by 2025.
Jamaican sprint queen Merlene Ottey was bornBy: Cerone WhiteOn this day in Caribbean history, May 10, 1960, Jamaican Olympian and the country’s first sprint queen was born. Merlene Ottey was born in Cold Spring, Hanover, Jamaica to Hubert and Joan Ottey. The Olympic runner was introduced to the sport by her mother who bought her a manual on track and field. Throughout her years at Gurneys Mount and Pondside Schools and Vere Technical high school,Ottey excelled in the sport winning many titles. Growing up her inspiration was Donald Quarrie.The career of Jamaica’s original sprint queen didn’t leave the starting blocks until she left Jamaica in 1979 and started attending the University of Nebraska. In that same year, she represented her home country at the Pan American games winning a bronze medal in the 200 meter. Ottey attended the 1980 Moscow games where she became the first female English-speaking Caribbean athlete to win an Olympic medal. Ottey was honored with the “Order of Distinction”, the “Order of the Nation” prize, and the Jamaican Sportswoman of the year thirteen times between 1979 -1995 totaling 29 medals throughout her career.Ottey has won nine Olympic medals during her career; that is the most won by any woman in track and field history and also said to be more than any other athlete, male or female. Her extensive medal collection includes 14 World Championship medals won between 1983 to 1997. Ottey’s wins hardly included gold medals in major international competitions, thus she was dubbed “the Bronze Queen”.The bronze queen no longer represents Jamaica in any form because in 1998 she moved to Slovenia to train and in 2002 she became a citizen of Slovenia. In 2004 Summer Olympics she competed in the 100 meter where she reached the semi-finals. Despite many sets-backs in her career she has triumphed with many track and field athletes around the world looking to her for guidance and a beacon of hope. Happy Birthday Ottey. Did you Know?Ottey was once married and she briefly used the name Ottey-PageHere’s a look at Ottey In action: