Business Briefs: New CEO at Omnikal, GE’s Immelt out ahead of schedule
Published 12:00 am, Sunday, October 8, 2017
Omnikal, of Fairfield, announced that it has appointed Michelle Van Otten as CEO. Omnikal says it is the nation’s largest inclusive business organization representing over 2 million privately held companies
Kenton Clarke, of Fairfield, the company’s founder and current CEO, will continue to serve as chairman of the board of directors.
Van Otten joined the company two years ago and played a key role in re-branding the company’s newly-developed digital platform for advancing entrepreneurship.
General Electric’s Jeffrey Immelt is retiring as chairman and leaving the board of directors about three months ahead of schedule.
Immelt, who was CEO until John Flannery took over the company in August, led GE away from its Fairfield home of 42 years for the Boston waterfront in 2016. The shift accelerates GE’s leadership transition as Flannery, under pressure from activist shareholder Trian Fund Management, seeks to reverse this year’s biggest stock drop on the Dow Jones Industrial Average,
according to Bloomberg.
The Business Council of Fairfield County will present Frontier Communications CEO Daniel McCarthy with its Walter H. Wheeler Jr. Business Leadership Award. McCarthy is also a trustee of Sacred Heart University.
Named for a former CEO of Pitney Bowes, the award recognizes local corporate leaders. Recent recipients having included Workplace CEO Joe Carbone, former General Electric CEO Jeff Immelt and Bigelow Tea CEO Cindi Bigelow
Robbins Eye Center has found a new home for its outpatient surgical clinic after serving its some 6,000 patients out of multiple facilities since flooding in 2013 forced it out of its location in Bridgeport.
Robbins Eye Clinic plans to move to 2600 Post Road in the town’s Southport district, allowing it to add a fourth operating room from the three it currently utilizes at 1 Sasco Hill Road in Fairfield under Dr. Kim Robbins.
U.S. regulators approved Walgreens’ $4.4 billion buy of some 1,900 Rite Aid pharmacies, with plans to swap in the Walgreens logo over time. The deal is smaller than the $8.6 billion pact the companies reached in 2014 that would have transferred some 4,600 stores to Deerfield, Ill.-based Walgreens.
Rite Aid has one pharmacy in Fairfield, along with locations in Ansonia, Bridgeport, Milford and Stratford. Walgreens has four locations in Bridgeport and seven more in the area.
TD Ameritrade completed its buy of Scottrade, with plans to transition Scottrade brokerage accounts to its own platform by March. TD Ameritrade promised a “ smooth” and automatic transfer.
Scottrade customers with questions can visit welcome.tdameritrade.com, call (800) 619-7283 or visit a local branch. Scottrade and TD Ameritrade list Stamford offices and Scottrade has locations in Fairfield and Brookfield.
Whole Foods Market disclosed it became aware recently of unauthorized access of payment card information used at certain full-service restaurants and taprooms within some of its 470 stores, with its checkout systems in grocery aisles not believed to be compromised.
Whole Foods did not provide dates and locations of any breaches, saying it is working with law enforcement in investigating the incidents. Whole Foods’ nearby locations include Darien, Fairfield and Westport.
Darien-based Ring’s End acquired Tuxis Lumber of Madison, the company’s eighth lumberyard. Other area locations include Bethel and Wilton.
Ring’s End has showrooms and paint centers in Fairfield, Trumbull and Westport, as well as commercial plants in Milford and Stratford.
Ring’s End did not state transaction terms with the owners of Tuxis Lumber, which has been in business in 1961.
The Connecticut Department of Consumer Protection issued a newly-revised handbook on the state’s “lemon law” governing sales of defective vehicles. Under the law, vehicle and motorcycle buyers can force dealers into arbitration if unable to get satisfactory repairs of problems that surface within two years or 24,000 miles of vehicle use.
Information is available online atct.gov/dcp/lemon or by calling (860) 713-6120.