Pablo Perversi to Join METTLER TOLEDO Board of Directors
Mr. Perversi is the President of Europe at Danone, a leading global food and beverage company, and a member of its Executive Committee. Prior to his current role, Pablo served as Chief Innovation, Quality, and Sustainability Officer and President of Gourmet Division for Barry Callebaut from 2017 to 2022. Before that, he held various roles of increasing responsibility at Unilever from 1993 to 2017, his last position there being Vice President of Foods Europe.
Roland Diggelmann, Chair of the Board, stated, 'Pablo is a very accomplished leader of global organizations in the food industry, an important market for METTLER TOLEDO. His wealth of experience from over 30 years of leadership at branded food companies across Europe, Latin America, and Asia will provide valuable perspectives to our business. We welcome Pablo and look forward to his contributions to our Board.'
METTLER TOLEDO (NYSE: MTD) is a leading global supplier of precision instruments and services. We have strong leadership positions in all of our businesses and believe we hold global number-one market positions in most of them. We are recognized as an innovation leader and our solutions are critical in key R&D, quality control and manufacturing processes for customers in a wide range of industries including life sciences, food, and chemicals. Our sales and service network is one of the most extensive in the industry. Our products are sold in more than 140 countries and we have a direct presence in approximately 40 countries. With proven growth strategies and a focus on execution, we have achieved a long-term track record of strong financial performance. For more information, please visit www.mt.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Freeport Unlocks Surprise Copper Cargo
Freeport-McMoRan (NYSE:FCX) just gave the copper market a bit of breathing room. The mining giant is offloading more ore than anyone expected after an oxygen plant problem at its PT Smelting facility in Indonesia stretched a planned four-week shutdown. Warning! GuruFocus has detected 5 Warning Sign with UNH. That smelter usually processes material from Freeport's massive Grasberg copper-gold mine, but with operations on hold, the company suddenly has about 100,000 tons of copper concentrate ready to go. They're moving fast too the shipments need to clear before a short-term export license expires in mid-September. It's not a game-changer for the global copper market, but for smelters scrambling for raw material after a big jump in processing capacity worldwide, it's a welcome dose of supply. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 minutes ago
- Yahoo
Roblox Stock Tanks After Surge of Lawsuits and Global Bans
Aug 15 - Shares of Roblox Corporation (NYSE:RBLX) fell sharply on Friday as scrutiny mounts over the platform's safety measures for young users. The NYSE-listed stock dropped more than 7%, reflecting mounting concern from investors. Warning! GuruFocus has detected 6 Warning Signs with RBLX. The Louisiana Attorney General filed a lawsuit against Roblox, claiming the company failed to implement robust safety protocols, creating opportunities for child predators. Meanwhile, a federal lawsuit in California added to pressure, with reports indicating over 300 legal actions tied to child exploitation. Internationally, Qatar banned the platform this week, following Turkey, Iran, China, Jordan, and Oman, citing threats to minors' safety and moral standards. The ban comes amid viral social media attention, notably a YouTuber, Schlep, who conducted a sting operation leading to six arrests. Roblox responded by banning his accounts and issuing a cease-and-desist notice, while safety officials emphasized that vigilante actions, though well-intentioned, create risks for users. Oppenheimer analysts admit the consistency of policies used by the company but indicate that the crisis highlights the conflict between the company's business model and the need to protect the young users. The counterstrike demonstrates the stakes of the online gaming industry as the government and social sites are growing more regulatory across the world. Based on the one year price targets offered by 31 analysts, the average target price for Roblox Corp is $134.95 with a high estimate of $175.00 and a low estimate of $30.00. The average target implies a upside of +15.76% from the current price of $116.57. Based on GuruFocus estimates, the estimated GF Value for Roblox Corp in one year is $91.99, suggesting a downside of -21.09% from the current price of $116.57. This article first appeared on GuruFocus.
Business Wire
17 minutes ago
- Business Wire
Accord Announces Amendment to its Banking Facility
TORONTO--(BUSINESS WIRE)--Accord Financial Corp. (TSX – ACD) today announced it has amended its senior secured revolving credit facility (the 'Credit Facility'), extending the maturity date to December 15, 2025. This amendment follows two recent short-term extensions: the first announced on July 25, 2025, and the second on August 8, 2025, which extended the maturity date to August 15, 2025. Under the new terms, the total commitment will be reduced from $260 million to $200 million. The amendment also incorporates milestones tied to potential asset sales (with net proceeds to be used to repay bank indebtedness), increases the interest rate on drawn amounts by 1.00%, and updates certain financial covenants. 'While the amendment includes higher pricing and a reduced commitment, the extension provides time for the Company to continue to actively pursue a broad range of strategic initiatives to address the Company's maturing debt obligations (totalling $217.6 million as at June 30, 2025 and coming due by January 31, 2026) and maximize shareholder value,' said Mr. Hitzig. 'These include potential divestitures of portfolio assets or business units, as well as other financing alternatives. The Company continues to work closely with its financial advisors, but there is no assurance that these initiatives will yield a successful result. While we focus on these initiatives, profitable operating performance and growth will continue to be a challenge.' The Company does not plan to provide further updates on its strategic initiatives unless material developments emerge. A Material Change Report and the amended Credit Facility agreement will be filed on SEDAR+ at About Accord Financial Corp. Accord Financial is one of North America's most dynamic commercial finance companies providing fast, versatile financing solutions including asset-based lending, factoring, inventory finance, equipment finance (in Canada), trade finance and film/media finance. By leveraging our unique combination of deep experience and independent thinking, we craft winning financial solutions for small and medium-sized businesses, simply delivered, so our clients can thrive. For further information please visit or contact: Forward-Looking Statements This news release contains certain "forward-looking statements" and certain "forward-looking information" as defined under applicable Canadian securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements in this news release include, but are not limited to, statements, management's beliefs, expectations or intentions regarding the financial position of the Company and the ability of the Company to repay or refinance its outstanding debt obligations. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties including the Company's overall liquidity and capital resource position and its ability to repay its debt obligations when due and those risks identified in the Accord's periodic filings with Canadian securities regulators. If any or all of the Company's outstanding debt obligations are not renewed or replaced upon expiration of their terms, and if the Company is unsuccessful in its ability to generate additional capital from sales of portfolio assets and/or business units and additional alternative financing arrangements to repay same on terms acceptable to the Company, or at all, the Company may not be able to continue to finance its operations and operate as a going concern. See Accord's most recent annual information form and most recent management's discussion and analysis of results of operations and financial condition for a detailed discussion of the risk factors affecting Accord. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
