Jeff Fedorchak To Retire From Brake Parts Inc

first_imgWith more than 20 years of experience across multiple industries and functional areas, deMoulpied has particular expertise in organizations with complex technical products. Combined, his prior positions have required a spectrum of skills in corporate strategy, operations improvement, product quality, and revenue cycle management. He has an impressive history of utilizing data driven problem solving (Lean Six Sigma) and project management (PMP and CSM) to achieve strategic goals surrounding customer satisfaction, operational efficiency and improved profit.  Jeff Fedorchak, vice president of global operations, will retire from Brake Parts Inc (BPI) as of Sept. 30. It was announced by David Overbeeke, president and CEO of Brake Parts Inc.AdvertisementClick Here to Read MoreAdvertisement“Jeff has been instrumental in shaping BPI’s global operations footprint for over 20 years,” said Overbeeke. ”His manufacturing expertise and exceptional leadership allowed him to effectively manage BPI’s multiple plant operations across the globe and his extensive experience in implementing lean manufacturing techniques has provided us with a competitive advantage in the markets where we compete.” Fedorchak joined BPI in 1994 as the manufacturing manager at the former McHenry, Illinois, rotor and drum manufacturing plant. In 1997, he was promoted to plant manager in the Cuba, Missouri, stamping and disc pad manufacturing plant. In 2004, Fedorchak assumed the responsibilities of the director of friction manufacturing in McHenry. He was promoted to his current position in 2013 and, with the acquisition of Remy Power Products in 2016, the North American rotating electrical manufacturing operations were added to Fedorchak’s responsibilities. Prior to joining BPI, Fedorchak worked for 15 years in the roller bearing industry serving the automotive, commercial and military aircraft and industrial markets. “Jeff’s hard work, commitment and dedication to BPI is much appreciated and will be felt for years to come,” said Overbeeke. “On behalf of all the employees at Brake Parts Inc, I would like to thank Jeff for his many contributions to our company and wish him all the best that retirement has to offer.”,Lubrication Specialties Inc. (LSI), manufacturer of Hot Shot’s Secret brand of performance additives and oils, recently announced the expansion of senior leadership. Steve deMoulpied joins LSI as the company’s chief operating officer (COO). AdvertisementClick Here to Read MoreAdvertisement LSI President Brett Tennar says, “Steve’s success in developing operational strategies that improves the bottom line, builds teamwork, reduces waste and ensures quality product development and distribution checks many of the boxes of what we were looking for in a COO. This, coupled with his career in the Air Force working with highly technical systems and his in-depth understanding of Lean Six Sigma and Business Process Management sealed our offer. As our tagline states, our products are Powered by Science. This data driven approach is one reason why our company has grown exponentially as we employ the most advanced technology to product development. I am confident that Steve is the right person to drive operational strategy for our diverse and growing brands.” Advertisement DeMoulpied comes to LSI from the Private Client Services practice of Ernst & Young where he managed strategy & operations improvement engagements for privately held client businesses. Some of his prior roles include VP of strategic development, director of strategic initiatives, and Lean Six Sigma Master Black Belt at OptumHealth, UnitedHealth Group’s health services business, as well as Lean Six Sigma Black Belt at General Electric, where he applied operations improvement principles to customer service, supply chain and product development. A successful entrepreneur, deMoulpied is also the founder of PrestoFresh, a Cleveland-based e-commerce food/grocery business.  DeMoulpied has a Bachelor of Science degree in Engineering Management from the United States Air Force Academy and a Master of Business Administration degree from the University of Dayton in Marketing and International Business. He served six years with the USAF overseeing the development of technology used on fighter aircraft and the E-3 Surveillance aircraft, finishing his career honorably as Captain.last_img read more

Smart city tech goes underground

first_imgThe opening of the Edge Computing prototype took place last September in the Hagerbach Test Gallery in SwitzerlandThe Smart Infrastructure unit of industrial manufacturer Siemens Switzerland has joined a consortium working on a pilot scheme for the development of underground data centres.The project – Edge Computing Underground – aims to help smart cities of the future overcome spatial problems and become more sustainable, using a combination of underground engineering and advanced information and communications technology.In 2019, the Swiss Center of Applied Underground Technologies (SCAUT), together with Datwyler Cabling Solutions and Amberg Engineering, presented a prototype data centre with a modular design in Switzerland. Now, with the Siemens unit on board, the project will look to utilise its expertise in the operation of sustainable energy systems.The consortium says urban areas of the future will have greater constraints on surface space than we currently contend with. The group’s ultimate goal is to roll out a large number of underground data centres, which it says will additionally benefit from high energy efficiency and an extremely low carbon footprint. #*#*Show Fullscreen*#*#last_img read more

HSBC will not face competition probe over panel

first_img In addition, all panel firms must work for fixed fees; establish electronic links with the panel manager to facilitate case allocation and case tracking; and have accreditation with the Law Society’s Conveyancing Quality Scheme. Firms must be regulated by the Solicitors Regulation Authority or the Council of Licensed Conveyancers; have a minimum of four regulated principles or directors and at least two licensed conveyancers or qualified solicitors. Entities must have been actively trading in purchase and sale conveyancing for at least six months; completed a minimum of 250 residential conveyancing transactions (excluding remortgages) over the previous two years; and have professional indemnity insurance cover of at least £2m. The Office of Fair Trading has declined to investigate HSBC over the small size of its conveyancing panel, saying the arrangement does not have a ‘sufficiently negative impact on competition’. East Grinstead sole practitioner Elaine McGloin contacted the watchdog after HSBC announced its new panel in January. The panel contained only 39 solicitor firms and four licensed conveyancers companies. McGloin told the OFT that the lender’s action restricted freedom of consumer choice and was anti-competitive, as the majority of firms would not be able to compete for work from clients with an HSBC mortgage. The OFT said it would not take any action because HSBC’s actions are ‘not having an appreciable effect on competition at this time’. Responding to a follow-up letter from Rob Hailstone, chair of the high street firm network Bold Legal Group, the OFT said: ‘Given HSBC’s relatively small share of the mortgage lending market and the fact that proportionately it will continue to have a significant list of firms on their panel, and consumers still have a wide choice of firms and lenders to choose from, it is not clear to us that the issue is having a sufficiently negative impact on competition (and therefore causing detriment to consumers) to warrant the OFT prioritising it.’ The OFT said that despite the change HSBC still has a ‘fairly significant’ panel of solicitors, adding: ‘We expect that it will continue to have an extensive conveyancing panel which includes smaller as well as larger firms.’ It noted that HSBC customers can instruct other firms not on HSBC’s panel, but must cover the cost of a panel solicitor to act on behalf of the bank, which the OFT said ‘may well be a legitimate commercial decision by HSBC to protect its interests in the transaction’. In addition, the OFT said: ‘Justifications to HSBC’s actions may be in line with maintaining consistent quality of service. This may be better achieved by HSBC using certain solicitor firms who are more familiar with the bank’s procedures, consistently carry out a certain volume of work and may be more familiar with the bank’s requirements as they change.’ It added: ‘Customers of HSBC may also benefit from the lender’s ability to monitor and control quality due to the repeated interactions they have with their panel firms.’ A spokeswoman for HSBC, which has a 10% share of the new sales mortgage market, told the Gazette that the panel is not closed and currently has 33 applications being considered. Commenting on the OFT’s view, McGloin said: ‘Its approach seems short-sighted, looking at HSBC’s actions as just a one-off.’ But she said: ‘Other lenders may follow suit, which will be a big issue for firms, especially smaller ones, as it will drive work away from the high street to big out-of-town factories, which are rather faceless.’ Hailstone added: ‘The OFT is missing many points when it comes to considering the wider implications of this matter.’ He said he received ‘horror stories on a daily basis’ from firms detailing delays and inefficiencies by some of the HSBC panel firms, and will be writing again to the OFT asking it investigate the matter urgently. Desmond Hudson, Law Society chief executive, responded: ‘While the OFT may have offered an individual response to Ms McGloin, I certainly don’t think the door has closed on this issue. The Society has had recent contact from the OFT, requesting additional information on these and related issues. We have provided a detailed response. If the OFT were to act, it would most likely take the form of a study into the wider lending market, rather than merely an investigation into an individual lender. ‘We will be in contact with Ms McGloin to add her concerns to our other evidence. It would be helpful if members continue to contact the Society first rather than approach bodies like the OFT directly. In the meantime, the pressure felt by HSBC as a result of the campaign by the Law Society and its members is undoubtedly mounting. ‘We will continue to press for a change in the banks approach to its conveyancing panel, in our members’ interests and in the interests of consumers.’ Meanwhile, HSBC’s head of lending Martijn van der Heijden revealed the criteria for its panel membership. These are:last_img read more

KR elects new chairman and ceo

first_imgThe announcement was made at an extraordinary meeting of the general assembly. The general assembly oversees the running of KR and comprises of 86 voting members. Prior to his election, Chon served as executive vice president of KR’s technical services division. He succeeds Dr. Oh Kong-gyun, who has served two three-year terms. www.krs.co.krlast_img

​‘Fire sale’ firm now cash-rich and takes £15m investment

first_imgPrivate equity investor Origin Equity has bought a £15m shareholding in insurer-focused defence firm Plexus Law. In a statement the firm, which is an alternative business structure, said the investment would support its ‘growth and innovation’ plans.Origin Equity’s shareholding does not give it a controlling stake in the 1,000-headcount firm, but it has gained two places on the Plexus boards, filled by Origin’s founding partners Gavin Loughrey and Olivia Roberts, neither of whom are lawyers. ‘We can also help the team further exploit advances around data management, analytics and next generation case management processing,’ an Origin statement said.  Fiona Scott, Plexus LawIt is not Plexus’s first experience of private equity investment. The firm was part of Parabis, owned by Duke Street Capital, which went into administration in 2015 owing £46m to 2,500 unsecured creditors. Plexus was bought by a consortium of individuals led Andrew McDougall and Tim Roberts, who represent the group’s original founders.The value then was estimated at £6.5m, and was reported at the time as a ‘fire sale’. The firm has since grown its revenue to £56m. It has 119 partners in six offices. McDougall is the current senior partner and Roberts is commercial director.Squire Patten Boggs acted for Plexus. Origin was advised by Macfarlanes. Olivia Roberts, Origin EquityPlexus chief executive Fiona Scott said the Leeds-headquartered firm chose the investment over an IPO or merger. ‘This approach doesn’t compromise management control,’ she added. The firm, she noted, is ‘cash-rich’ and ‘overdraft free’.last_img read more

Ricardo to buy Lloyd’s Register Rail for £42·5m

first_imgRICARDO: Engineering and consulting company Ricardo announced an agreement to acquire consultancy and assurance business Lloyd’s Register Rail on April 17. Ricardo will pay Lloyd’s Register Group £42·5m on a cash-free and debt-free basis, funded from its £75m bank facilities; Lloyds Bank has increased its revolving credit facility with Ricardo from £20m to £40m. The transaction is expected to be completed by July 1. LR Rail will then be combined with Ricardo’s existing rail activities to form an international rail business branded Ricardo Rail. Current LR Rail Managing Director Paul Seller will become Managing Director of Ricardo Rail, reporting to the CEO of Ricardo plc. In parallel, a standalone assurance management entity called Ricardo Certification Ltd will be established to hold and manage all future accreditations, enabling the independence of assurance services. ‘Lloyd’s Register Rail has an impressive market reputation and a very similar culture of quality and excellence in engineering to Ricardo’, said Ricardo plc CEO Dave Shemmans. ‘The combination of their geography, product offering and independent assurance and consultancy expertise complements our own, and will position Ricardo for the growth in this important sector. We believe that increasing global urbanisation will create a growing demand for assurance, consulting and engineering expertise in rail to drive safety, efficiency and sustainability.’LR Rail has 440 rail engineers and specialists at offices across Europe, Asia and the Middle East. In the year to June 30 2014 it recorded revenue of £48·1m, EBITDA of £3·7m and gross assets of £19·7m. For the year ending June 30 2015 it is expected to deliver revenue in excess of £50m and a standalone EBITDA margin of 8%. It has a 12 month order book totalling in excess of £50m. Norwegian railway authority Statens Jernbanetilsyn has appointed LR Consulting – Energy as a designated body qualified to verify that vehicles and infrastructure meet national standards. Spain’s ENAC has recently accredited Lloyd’s Register España as independent safety assessor for energy, infrastructure and rolling stock subsystems, adding to its previous control, command and signalling accreditation.last_img read more

Wabtec selected to complete Caltrain PTC installation

first_imgUSA: A contract for Wabtec to install Positive Train Control on Caltrain’s San Francisco – San Jose commuter route will be put to the Peninsula Corridor Joint Powers Board for approval at its meeting scheduled for March 1.In late 2011 Caltrain awarded Parsons Transportation Group a contract to provide PTC, with revenue service envisaged from October 2015. However, this contract was terminated in February 2017 after what Caltrain described as ‘many months of delay and repeated failure by the contractor to correct performance issues’.A subsequent evaluation by Caltrain found that using Wabtec’s I-ETMS technology was ‘the only technically and financially viable strategy’ to ensure the route would be equipped with PTC by the Federal Railroad Administration’s December 31 2018 deadline.The new contract would have a value not exceeding $49·5m, within the $59m which is available to complete the project. However, Caltrain anticipates that additional funding would be needed to fully deliver the project, and it is working to identify potential funding strategies.last_img read more

AVX Introduces Low Pass Harmonic Filters for High Frequency Wireless Applications

first_imgAVX Corporation, has released two new integrated thin film (ITF), high performance, low pass harmonic filters that exhibit low insertion losses and extremely sharp roll-off in high frequency wireless applications, including: mobile communications systems, military and emergency communications services, and matching networks. Based on thin film multilayer technology, the new 512 MHz and 700 MHz land grid array (LGA) filters feature an ultra-miniature 1206 chip size, and deliver excellent high frequency performance and rugged construction for reliable automatic assembly.Their new high performance, low pass ITF filters provide wireless systems engineers with peak performance and quality in an ultra-miniature 1206 chip size that’s compatible with the smaller and more crowded PCBs that next-generation wireless electronics frequently feature. They are currently working to extend the frequency of these high performance filters to cover the 300 MHz to 6 GHz range.Measuring just 3.10 mm x 1.60 mm x 0.60 mm (L x W x H ±0.10), the new, low profile 512 MHz and 700 MHz ITF low pass filters are rated for 3W continuous power, and operating and storage temperatures spanning -40°C to +85°C. Featuring characteristic impedance of 50 ohms and nickel/lead-free-solder (Sn100) coated terminations compatible with automatic soldering technologies (reflow, wave soldering, vapor phase, and manual), the RoHS compliant filters are 100% tested for electrical parameters and both visual and mechanical characteristics, and are shipped on tape and reel.last_img read more

Solon Tops Hoover, 66-60, in Regional Semifinal

first_imgPhotos via Opique PhotoThe Solon Comets advanced to the regional final with a 66-60 win over the Hoover Vikings on March 7 at the Canton Civic Center.It was a hard-fought contest, which came down to a nailbiting fourth quarter, as Dee Bekelja led the way for Solon, scoring 10 of her 29 points in the final period of play.Makenna Drabick led Hoover with 22 points, 20 of which came in the second half.Solon (24-2) will take on Canton McKinley (22-5) in a rematch of last year’s regional final on Friday, March 10 at 7 pm at the Canton Civic Center.To see more photos, check out our gallery here. Related Topics NEO HS Stafflast_img read more

Homer Electric Returns Capital Credits To Members

first_imgHEA will distribute capital credit checks to people who were members of HEA during 1987 and 1988. Story as aired: While the allocation is done annually, the return of margins in the form of a capital credit check occurs at the discretion of the Board of Directors, based on the financial health of the cooperative. The average check for someone who was a residential member in both 1987 and 1988 will be approximately $65.00. Capital credits are based on a margin, which is the difference between total expenses and total revenues of the cooperative. Each year, HEA allocates margins to its members in proportion to the amount they paid for electric service. The amount of each check is determined by the quantity of electricity purchased during each of those years; the more electricity purchased, the greater the capital credit check will be. FacebookTwitterEmailPrintFriendly分享Homer Electric Association, Inc. (HEA), is distributing $1.72 million in capital credits to its members. Distribution of capital credits will be to approximately 8,400 members and former members the week of April 16.last_img read more