Business Briefs: Chamber gives out awards, Changes at Ruger...
Updated 10:34 am, Friday, August 4, 2017
The Fairfield Chamber of Commerce awarded Bankwell as Company of the Year at its 71st annual awards dinner June 28 at the Brooklawn Country Club in Fairfield.
The New Canaan-based bank recently ranked as one of the Top 100 Best-Performing Banks in 2016 nationwide by S&P Global.
The Fairfield Chamber of Commerce also recognized Fairfield-based Operation Hope as the Nonprofit Organization of the Year.
Southport-based Sturm, Ruger & Co. has promoted two men to senior vice president positions.
Thomas P. Sullivan will be the new senior vice president of operations.
Sullivan will be responsible for all of the manufacturing, engineering and product development activities of the company. Sullivan has been responsible for the company’s New Hampshire divisions since joining in 2006.
Thomas Dineen is the new senior vice president of finance.
Dineen will continue his roles as chief financial officer and treasurer of the Fairfield-based gunmaker. Dineen will take on additional responsibilities, including investigating potential acquisitions by Ruger.
Dineen joined the company in 1997. He graduated from Boston College with a Bachelor of Science in accounting.
Ed Freedman, an organic coffee roaster based in Trumbull, recently added cafe owner to his portfolio of work.
Shearwater Coffee Bar takes up residence in a 1,200-square-foot corner location within the Brick Walk business and retail section of downtown.
The shop is at 1215 Post Road in Fairfield.
Shearwater introduced its small batch coffee roasts to Fairfield County in September 2013. At the Shearwater Coffee Bar helm is Jason Varga.
Private foundations nationally increased the value of their grants by 3 percent in 2016, according to a new report by Fairfield-based Foundation Source.
Small foundations distributed 13.2 percent of their assets in 2016 versus 12 percent in 2015.
Those with assets between $1 million and $10 million distributed 8.3 percent of their total in 2016, and larger foundations 6.9 percent, representing slight gains on both fronts.
LPL Financial affiliate Moneco Advisors has named Fairfield resident John Fortuna Jr. as an investment adviser in its Fairfield office, focusing on assisting retirees and family foundations.
Fortuna worked more than 30 years at Janney Montgomery Scott, including as first vice president and branch manager in the Fairfield office. Before that, he spent 10 years with T.L. Watson.
Fortuna has a bachelor’s degree in economics from Villanova University.
George Papageorge rejoined William Pitt Sotheby’s International Realty as an agent in its Southport office.
Papageorge was with William Pitt Sotheby’s International Realty from 2010 to 2016, leaving last August to join Berkshire Hathaway HomeServices New England in Fairfield.
He has an associate’s degree in business administration from Housatonic Community College and worked earlier in his career for Environmental Data Resources.
Equinox is opening a fitness club in Fairfield after receiving an unspecified investment from L Catterton, a Greenwich private equity firm that focuses its investments on the consumer and retail sectors.
With New York City-based Equinox having existing clubs in Greenwich and Darien, the company chose 233 Old Post Road in Fairfield’s Southport district for its new club, which will include classes, training and a spa.