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Adient plc, a global leader in automotive seating, has announced its board of directors has appointed Frederick Henderson as interim CEO and John Barth, as Adient’s current lead director, as interim chairman of Adient’s board. AdvertisementClick Here to Read MoreAdvertisementHenderson was most recently CEO of SunCoke and, prior to that, served as president and CEO of General Motors. He has 26 years of automotive experience, including direct involvement in China and Asia Pacific and 20 years of general management and operating experience, eight of which were as a CEO. He has served on the Adient board since the company was established as a public entity in 2016. Henderson will remain a board member but will relinquish his position on the governance committee. Henderson succeeds R. Bruce McDonald, who is stepping down from his role as chairman and CEO effective immediately, and will remain as an adviser to the CEO until Sept. 30. The Adient board of directors has commenced a comprehensive search process to identify a new CEO. That process will be coordinated on behalf of the board by directors Barb Samardzich, Peter Carlin and Raymond Conner. “Bruce McDonald made significant contributions during the formation of Adient plc to ensure a successful spin-off,” said Barth. “Bruce and the board agree that now is the right time for a new leader with a fresh perspective to drive value in the next phase of Adient’s life as a public company. Fritz brings the right leadership skills and operational experience to step in and immediately accelerate our transformation, providing the time to conduct an expeditious and thoughtful search for a new CEO.”AdvertisementHenderson said, “While our market position remains strong and our China joint ventures continue to perform at high levels, we recognize that we are not executing at the levels we are capable of in our consolidated Seat Structures and Mechanisms and Seating segments, and that shortfall has been reflected in our financial results and valuation. My immediate focus is on better operational execution to drive meaningful improvements in profitability and free cash flow. We know what needs to be done and we will be approaching the work ahead of us with urgency.” McDonald has served as the company’s chairman and CEO since its separation from Johnson Controls in 2016.Revised Outlook for Full Year 2018Today, Adient also announced it is revising its outlook for the full fiscal year 2018. Despite an anticipated increase in fiscal year 2018 revenue to approximately $17.5 billion, operating performance is running behind plan and thus the company’s outlook for Adjusted EBITDA is now expected to be approximately $1.25 billion. Continued challenges impacting the Seat Structures & Mechanisms segment drove approximately half of the shortfall versus previous expectations while weakness in the company’s Seating segment and Interiors drove the remainder, the company said. The primary drivers impacting Seating related to lower than expected operational conversion, primarily in North America, and to a lesser extent, economics and the negative impact of foreign exchange.
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Higher activity levels in North Dakota, Colorado and Wyoming, along with improved pricing, were the largest drivers of growth in the USA, said Entrec. Offsetting the majority of this growth, however, was a revenue decline in Texas as the company stopped providing lump-sum rig moving services in the Permian Basin during the first quarter of 2019.For 2020, Entrec’s outlook for its US business is positive. However, the recent sharp decline in crude oil prices precipitated by the coronavirus outbreak and OPEC trade war has caused significant uncertainty for the oil and gas industry. “At this stage, it is too early to tell what impact the decline in crude oil prices may have on activity levels in the oil and gas industry in 2020,” said Entrec.In Canada, excluding the impact of the Capstan acquisition, the company experienced very poor operating results due to a number of negative macroeconomic factors. These included pipeline constraints, which have contributed to significant discounts in the market price for the oil produced in western Canada compared with other jurisdictions, as well as rising carbon taxes and increasing regulatory requirements to achieve government approvals for large industrial projects.Entrec explained: “The downward pricing momentum experienced at the end of 2018, along with activity being restricted by limited takeaway capacity and production curtailments, resulted in oil and gas companies reducing their capital expenditures and drilling programs in 2019.”Looking ahead, Entrec said it is cautiously optimistic about its business in Canada. The company added that it is seeing signs of increased capital spending by its customers in the oil and gas sector. Maintenance, repair, and operation (MRO) work in the Alberta oil sands region also represents a growing market.www.entrec.com
Matt Loede has been a part of the Cleveland Sports Media for over 21 years, with experience covering Major League Baseball, National Basketball Association, the National Football League and even high school and college events. He has been a part of the Cleveland Indians coverage since the opening of Jacobs/Progressive Field in 1994, and spent two and a half years covering the team for 92.3 The Fan, and covers them daily for Associated Press Radio. You can follow Matt on Twitter HERE. Matt Loede GAME #18Valparaiso (13-4, 3-1 HL) at Cleveland State (5-12, 1-4 HL)Saturday, January 14, 2017 | 3:30 pm ETCleveland, Ohio | Wolstein CenterLive Stats | ESPN3 | AM 1420 WHKGAME PREVIEW:• Cleveland State concludes a brief two-game homestand with a 3:30 pm contest against Valparaiso on Saturday (Jan. 14) at the Wolstein Center.• It’s doubleheader with the CSU women hosting UIC at 1:00 pm.• The Vikings are 5-12 overall and 1-4 in the Horizon League following a 59-54 setback to UIC on Thursday night.• Valparaiso is 13-4 overall (3-1 HL) and is coming off a 78-62 win at Youngstown State on Thursday night.• Saturday’s game will be simulcast on AM 1420, WHK and ESPN3 with Al Pawlowski providing the play-by-play and Pat Vuyancih serving as the analyst.THE VALPO SERIES:• CSU leads the all-time series with the Crusaders, 30-18.• Valpo has won the last five meetings overall and 11 of the 15 match ups since the 2008-09 season.• The Vikings are 16-7 all-time against Valpo in Cleveland, including a 6-4 record in the Wolstein Center.• The Crusaders defeated CSU in Cleveland last season, 66-43, in Quicken Loans Arena, and earned a 77-52 win in Valparaiso.GAME 17 REVIEW: UIC 59, @CSU 54 (1/12/17):• The Vikings dropped just their second home game of the season, falling to UIC on Thursday night.• Rob Edwards led all scorers with 13 points, adding six rebounds and four assists.• Jamarcus Hairston had 10 points, four rebounds and two steals, while Bobby Word scored 10 points with five rebounds.UP NEXT:• The Vikings hit the road on Monday (Jan. 16) for a 7:00 pm game at Oakland to start a four game road trip.• CSU will also play at Milwaukee (Jan. 20), at Green Bay (Jan. 23) and at Youngstown State (Jan. 28) on the road swing. Related TopicsCleveland StateWolstein Center
Special to the PRESSOn April 24, businesses across Texas were allowed to reopen with “Retail To Go” parameters. The City of Port Isabel used Facebook Live to broadcast local businesses’ products to the facebook.com/portisabeltx audience. With somewhat over 20,000 followers, the idea was to give those followers a peek into stores they could not visit.The City of Port Isabel’s first Facebook Live broadcast promoting local businesses was for Coastal Winds, a gift shop along Highway 100, with owners Paul and Karen Wentzel. A tour of Coastal Winds featured tropical inspired accessories, many of them one-of-a-kind. The live stream resulted in sales immediately following the wrap of the broadcast. As part of the City’s offer, the post was then advertised on Facebook, and traffic was pushed back to the website, phone number, or Facebook page of the participating business.When “Retail To Go” morphed into businesses being open to foot traffic, with restrictions and limitations, a Facebook Live was scheduled with Quik Stop. And again, the City paid for several days of advertisement on Facebook with the call to action button being linked to what the business decides would drive the most traffic to them. Viewers were also invited to ask questions in the comments.Over the weeks, the format of the project has gelled, yet remained flexible enough to react to changes with proclamations or to the subject or business featured.Facebook Live events are scheduled for 2:00 p.m. and can take anywhere from 10 minutes to 30 minutes. Then the post is advertised and posted to IGTV (Instagram TV, user @portisabeltexas). The City of Port Isabel will also create media releases of the broadcasts, submit them to local media, or use it in an email blast or posted to websites.The City of Port Isabel is capitalizing on audiences who are interested in content that helps them plan their trips and strengthens an existing connection, and locals are interested in learning more about the community. The broadcasts also keep Port Isabel connected with Winter Texans back in their home states. Subjects have ranged from a tour of the Lighthouse, restaurants, retail, Isabel Y. Garcia Animal Shelter, COVID-19 testing registration, Highway 100 weekend traffic, and interviews with local media such as the Port Isabel South Padre Parade and the Coastal Current.On Tuesday, June 30, a return visit to Coastal Winds included a conversation about operating a small business over the last two months through changing orders and proclamations related to the COVID-19 pandemic, featuring Coastal Winds’ new merchandise. On June 1, The City of Port Isabel featured the kitchen at Marcello’s Ocean Grille & Spirits with Chef Bettina Tolin. On Thursday, July 2, in the spirit of ‘Throwback Thursday,’ local legend Bobby Wells gave a virtual tour of Port Isabel, chatting with City of Port Isabel’s marketing director Valerie Bates on Port Isabel’s history. On Tuesday, July 7, Laura Caudillo at the Port Isabel Branch of the First National Bank of South Padre Island will be interviewed.Businesses wanting to participate in the Facebook Live broadcasts are asked to contact Valerie Bates at (956) 867-7002 or firstname.lastname@example.org. There is no cost. To view the videos visit: Facebook, at http://www.facebook.com/portisabeltx/videos, or YouTube, at https://www.youtube.com/watch?v=EPQqoYxSvOE&list=PLckVj39KB9RfaiVisWJFIF4gfIhg1vGDkSince the program started, nearly 73,000 minutes, or over 1,200 hours, of views have been generated.Want the whole story? Pick up a copy of the Port Isabel-South Padre Press, or subscribe to our E-Edition by clicking here. RelatedOpinion: From the desk of the City of Port Isabel’s city managerSpecial to the PRESS From the Desk of the City of Port Isabel’s City Manager With the unfortunate political turmoil happening in Port Isabel, I , Edward Pro Meza, city manager of this beautiful and unique coastal community, would like to remind our residents about the positive projects and programs…May 1, 2015In “News”Opinion: At the mercy of wavesBy Gaige Davila email@example.com There is an obvious relationship between Cameron County’s COVID-19 cases and Cameron County Judge Eddie Treviño’s tone at his press conferences: as the wave rises, so, too, does the urgency of the captain’s voice of this ship we’re all aboard, looking down as the crest refuses…July 24, 2020In “Editor’s Column”City of Port Isabel to host public workshop on implementing smart growthSpecial to the PRESS City of Port Isabel officials and local residents will meet with representatives from Smart Growth America on May 21 and 22, 2013 as part of a free, grant-funded technical assistance program. The workshop will aim to give Port Isabel the tools it needs to leverage community…May 17, 2013In “News” The City of Port Isabel’s YouTube page showing several of the city’s interviews with local businesses. Share
Sven Ulreich considered quitting Bayern Munich over the close season due to a lack of chances, but Manuel Neuer’s latest injury has propelled his understudy into the spotlight.Germany standout and Bayern captain Neuer is out until January after undergoing surgery on Tuesday — his third operation in six months for a fractured foot.The same day, Ulreich made only his eighth Bundesliga appearance in three seasons during Bayern’s 3-0 win at Schalke, with Wolfsburg up next on Friday at Munich’s Allianz Arena.“You feel for Manuel, the whole team is of course disappointed and we hope he comes back soon,” said the 29-year-old Ulreich.“I am pleased that I get to play and will do my best to replace Manuel.”The problem is that while Ulreich is a talented shot-stopper, like most of the world’s goalkeepers, he lacks Neuer’s unshakable self-confidence in the box, footballing ability and timing.Both the Schalke and Wolfsburg games are mere warm-ups for Bayern’s biggest test so far this season — next week’s trip to Paris Saint-Germain in the Champions League group stage.It is all a far cry from just a few weeks ago when Ulreich was eyeing the door, uttering: “It’s not my aim to sit on the bench as a No. 2 for the rest of my career.”Now, he has Neuer’s considerable boots to fill with only Bayern’s third-choice keeper — 17-year-old Christian Fruechtl — as back up.There are three players Bayern can ill afford to lose for a long time — primary goalscorer Robert Lewandowski, playmaker Arjen Robben and Neuer.Ulreich, a former Germany Under-21 international, has only made a total of 14 competitive appearances for the Bavarian giants, mainly when Neuer was injured, since joining from Stuttgart in 2015.He faces his toughest challenge next Wednesday at the Parc de Princes against PSG’s star-studded ‘MCN’ attack — Kylian Mbappe, Edinson Cavani and Neymar.“I am looking forward to testing myself against such a world-class team, but we are a world-class team, which I know from training,” Ulreich said confidently.The stats are both a help and a hinderance when trying to ascertain how Bayern will fare with Ulreich as their last line of defence.They have lost only one of the eight German league games he has played over 90 minutes.However, his lone two Champions League group stage outings were last November’s shock 3-2 defeat at Rostov and a meaningless 2-0 win at Dinamo Zagreb in December 2015.Likewise, against arch rivals Borussia Dortmund, he experienced highs and lows.He saved two penalties in August’s 5-4 penalty shoot-out win at Dortmund to win the German Super Cup after being in goal for last season’s 3-2 German Cup semi-final home defeat.Nevertheless, Bayern head coach Carlo Ancelotti has given him full support — for now.“Whenever Sven was asked to do something, he did well. We have a lot of faith in him,” said the Italian.
Related TopicsBrock LesnarRAWWWE Fresh off the heels of a terrific Great Balls of Fire Pay Per View last night, the WWE really dropped the ball with RAW tonight.I’ll start with the beginning of the end. Not only was it very predictable that Seth Rollins vs Bray Wyatt would rematch tonight after the quirky finish last night. But does anyone remember when Bray Wyatt’s entrance used to be one of the coolest things about him? It rivaled The Undertakers entrance as one of the coolest in the game.Not anymore, it has gotten so stale, that now the WWE even cuts to commercial during it. Also, how does this match go from jerking the curtain last night to the main event tonight?Now, back to the start of the night with Big Cass coming out during the opening segment. While the typical heel promo was starting to work, the thing that yours truly has been predicting would happen for weeks, surely did as The Big Show came out to confront and attack Cass.This was no shock as it more then seemed like the most likely thing to take place. It is also a no brainer to think Cass will go over Show at SummerSlam. Despite the great promo’s from Enzo, the WWE creative team insists on taking the same old predictable basic route on this entire storyline.The Main Event of SummerSlam also no longer appears to be a mystery as the long rumored ( by me) Four Way Dance for the title appears to be shaping up nicely. Next week will be step one in that process as Samoa Joe vs Roman Reigns will take place for the number one contendership. It doesn’t take a rocket scientist to predict Braun Strowman will interfere, cause a no decision and force Angle to make it the long awaited 4 way at Slam.Please tell me this Ambrose vs The Miz feud is ending right? Nope,,,,, DANG!A feud no one is caring about will continue on as the two got back into tonight with Ambrose ruining the “Mizzies“. Maybe not predictable, but certainly disappointing.Also, 3 Tag Teams were featured on RAW tonight, none of which were the champs. As The Hardy Boyz were attacked by The Revival after their match with Gallows and Anderson. So, the champs win a thrilling 30 minute Iron Man match, and then don’t appear on the flagship show?More predictable booking saw Bayley and Banks defeat Nia Jax and Alexa Bliss. Again, wrestling logic 101, having the champ lose in a match that doesn’t involve the title. This continues to make Banks look like a serious threat to the strap. Smart booking, yet predictable.Need further proof of that predictable theory? Neville & Noam Dar took on Akira Tozawa and Cedric Alexander. One guess who won that match? You got it, Tozawa and Cedric Alexander come away with the pointless win.All in all, a decent RAW, but not one that did anything to advance any storylines past anywhere we already saw them going. Next week however, should be interesting with the mysterious Kurt Angle “text messages” getting revealed as he will come clean at the urging of Corey Graves.After a great pay per view, my only concern is that the WWE may get lazy with their booking until August begins and the drive towards SummerSlam starts. Vince McKee
IN FIVE EASY PIECES WITH TAKE 5 She owns the 100- and 200-meter backstroke national records. Japanese backstroke swimmer Reiko Nakamura, who won bronze medals at the last two Olympics, announced her retirement Monday.Nakamura, 26, finished third in the 200-meter final at the 2004 Athens Games and again in Beijing in August to become the first Japanese woman in 72 years to win medals at consecutive Olympic Games. GET THE BEST OF THE JAPAN TIMES