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.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
an hour ago
- Globe and Mail
Trump's new tariffs go into effect as US economy shows signs of strain
WASHINGTON (AP) — President Donald Trump began imposing higher import taxes on dozens of countries Thursday just as the economic fallout of his monthslong tariff threats has begun to cause visible damage to the U.S. economy. Just after midnight, goods from more than 60 countries and the European Union became subject to tariff rates of 10% or higher. Products from the EU, Japan and South Korea are taxed at 15%, while imports from Taiwan, Vietnam and Bangladesh are taxed at 20%. Trump also expects the EU, Japan and South Korea to invest hundreds of billions of dollars in the United States. 'I think the growth is going to be unprecedented,' Trump said Wednesday. He said the U.S. was 'taking in hundreds of billions of dollars in tariffs,' but did not provide a specific figure for revenues because 'we don't even know what the final number is' regarding the rates. Despite the uncertainty, the White House is confident that the onset of his tariffs will provide clarity about the path for the world's largest economy. Now that companies understand the direction the U.S. is headed, the Republican administration believes it can ramp up new investments and jump-start hiring in ways that can rebalance America as a manufacturing power. So far, however, there are signs of self-inflicted wounds to the U.S. as companies and consumers brace for the impact of the new taxes. Risk of economic erosion Hiring began to stall, inflationary pressures crept upward and home values in key markets started to decline after the initial tariff rollout in April, said John Silvia, CEO of Dynamic Economic Strategy. 'A less productive economy requires fewer workers,' Silvia said. 'But there is more, the higher tariff prices lower workers' real wages. The economy has become less productive, and firms cannot pay the same real wages as before. Actions have consequences.' Many economists say the risk is that the American economy is steadily eroded. 'It's going to be fine sand in the gears and slow things down," said Brad Jensen, a professor at Georgetown University. Trump has promoted the tariffs as a way to reduce America's persistent trade deficit. But importers tried to avoid the taxes by bringing in more goods before the tariffs took effect. As a result, the $582.7 billion trade imbalance for the first half of the year was 38% higher than in 2024. Total construction spending has dropped 2.9% over the past year. The economic pain is not confined to the U.S. Germany, which sends 10% of its exports to the U.S. market, saw industrial production sag 1.9% in June as Trump's earlier rounds of tariffs took hold. 'The new tariffs will clearly weigh on economic growth,' said Carsten Brzeski, global chief of macro for ING bank. Dismay in India and Switzerland The lead-up to Thursday fit the slapdash nature of Trump's tariffs, which have been rolled out, walked back, delayed, increased, imposed by letter and renegotiated. Trump on Wednesday announced additional 25% tariffs to be imposed on India because of its purchases of Russian oil, bringing its total import taxes to 50%. A leading group of Indian exporters said that will affect nearly 55% of the country's outbound shipments to America and force exporters to lose long-standing clients. 'Absorbing this sudden cost escalation is simply not viable. Margins are already thin,' S.C. Ralhan, president of the Federation of Indian Export Organizations, said in a statement. The Swiss executive branch, the Federal Council, was expected to meet Thursday after President Karin Keller-Sutter and other Swiss officials returned from a hastily arranged trip to Washington in a failed bid to avert a 39% U.S. tariffs on Swiss goods. Import taxes are still coming on pharmaceutical drugs, and Trump announced 100% tariffs on computer chips. That could leave the U.S. economy in a place of suspended animation as it awaits the impact. Stock market remains solid The president's use of a 1977 law to declare an economic emergency to impose the tariffs is under a legal challenge. Even people who worked with Trump during his first term are skeptical, such as Paul Ryan, the Wisconsin Republican who was House speaker. 'There's no sort of rationale for this other than the president wanting to raise tariffs based upon his whims, his opinions,' Ryan told CNBC on Wednesday. Trump is aware of the risk that courts could overturn his tariffs. In a Truth Social tweet, he said, "THE ONLY THING THAT CAN STOP AMERICA'S GREATNESS WOULD BE A RADICAL LEFT COURT THAT WANTS TO SEE OUR COUNTRY FAIL!" The stock market has been solid during the tariff drama, with the S&P 500 index climbing more than 25% from its April low. The market's rebound and the income tax cuts in Trump's tax and spending measure signed into law on July 4 have given the White House confidence that economic growth is bound to accelerate in the coming months. On the global financial markets, indexes rose across much of Europe and Asia, while stocks were slipping on Wall Street. But ING's Brzeski warned: 'While financial markets seem to have grown numb to tariff announcements, let's not forget that their adverse effects on economies will gradually unfold over time.' Trump foresees an economic boom. American voters and the rest of the world wait, nervously. 'There's one person who can afford to be cavalier about the uncertainty that he's creating, and that's Donald Trump,' said Rachel West, a senior fellow at The Century Foundation who worked in the Biden White House on labor policy. 'The rest of Americans are already paying the price for that uncertainty.'
Globe and Mail
3 hours ago
- Globe and Mail
Sun Life posts rise in quarterly profit on strong Asia-unit performance
Canada's Sun Life Financial SLF-T reported a jump in second-quarter profit on Thursday, driven by strong growth in its Asia unit, where insurers are expanding to tap a growing, underinsured middle class and offset weakness in the U.S. market. 'Sun Life's Q2 results were driven by record underlying net income in Asia with strong protection business growth, higher wealth management and investment earnings,' CEO Kevin Strain said in a statement. Underlying net income from the company's Asia operations helped lift overall earnings to $716 million, or $1.26 per share, for the quarter ended June 30, up from $646 million, or $1.11 per share, a year earlier. However, underlying earnings from its individual protection business declined 10% to $299 million. An AI app is helping diabetics count carbs with photos of their food – and major health care insurers are buying in Underlying earnings from its group health and protection business rose 7% to $326 million, while individual protection earnings fell 10% to $299 million. Wealth and asset management income was flat at $455 million. The Toronto-based company reported underlying EPS of $1.79, compared with analysts' average estimate of $1.78 per share, according to LSEG data. Underlying earnings from Sun Life Financial's group health and protection businesses, which provide insurance policies to employer and government plan members, rose 7% to $326 million. Sun Life also said David Healy will become President of Sun Life U.S. effective Sept. 1, 2025, succeeding Dan Fishbein, who plans to retire in March 2026. Shares of Sun Life have declined about 1% this year, while rival Manulife MFC-T, which also reported strong Asia growth this week, is down 6.4%.
Globe and Mail
5 hours ago
- Globe and Mail
Global Enterprise AI Market Size to Surpass USD 70.91 Billion by 2030
"Global Enterprise AI Market Research Report by Arizton" Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2025–2030. According to Arizton latest research report, the Global Enterprise AI Market is growing at CAGR 19.60% during 2024-2030. Report Scope: MARKET SIZE (2030): USD 70.91 Billion MARKET SIZE (2024): USD 24.23 Billion CAGR (2024-2030): 19.60% HISTORIC YEAR: 2021-2023 BASE YEAR: 2024 FORECAST YEAR: 2025-2030 MARKET SEGMENTION: Deployment, Technology, Industry, and Geography GEOGRAPHIC ANALYSIS: North America, Europe, APAC, Latin America, and Middle East & Africa Generative AI is Reshaping How Enterprises Operate, Innovate, and Engage Generative AI (GenAI) is emerging as a transformative force in how enterprises operate, innovate, and connect with customers. As organizations embed GenAI into their digital transformation strategies, the focus is shifting from isolated experimentation to enterprise-wide deployment. Recent surveys show that nearly one-third of global companies are already applying GenAI across at least one business function, with over 40% planning to increase AI investments in the near term. This technology is enabling businesses to enhance content creation, automate complex workflows, and deliver personalized experiences at scale, driving measurable improvements in productivity and innovation. From marketing and customer service to HR and product development, GenAI is becoming a critical pillar across functions. Its rising accessibility and the ability to fine-tune models for specific business needs are accelerating adoption across industries, positioning GenAI not just as a tool, but as a strategic asset in the enterprise ecosystem. Human Centered AI Emerges as a Strategic Priority for Enterprise Innovation and Employee Empowerment Human-Centered AI (HCAI) is becoming a cornerstone of enterprise AI strategy, shifting the focus from pure automation to building systems that enhance human potential, ensure trust, and drive inclusive innovation. By aligning AI development with transparency, fairness, and user-centric design, HCAI enables organizations to empower employees, enrich customer engagement, and foster responsible innovation. Microsoft stands as a leading example, integrating human-centered principles through its Office of Responsible AI and embedding tools like Microsoft 365 Copilot to automate routine tasks while supporting creative, strategic work. This approach has not only improved productivity but also elevated employee satisfaction, proving that AI built around people, not just processes, is key to unlocking long-term business value. As more enterprises adopt AI at scale, embedding HCAI principles will be essential for sustainable, ethical, and impactful transformation. Market News In May 2025, Salesforce's $8B acquisition of Informatica fortifies its AI vision with trusted data infrastructure, enabling real-time autonomous decision-making across enterprise functions. This move underscores the shift toward composable, data-driven architectures essential for deploying effective AI agents. In July 2025, HPE has completed its acquisition of Juniper Networks, doubling its networking business and creating a cloud-native, AI-driven portfolio to power hybrid cloud and AI workloads. This move strengthens HPE's position in high-growth, high-margin markets and accelerates innovation across secure, end-to-end networking solutions. Strategic Collaborations Fuel the Rise of Enterprise AI Agents Enterprise AI agents are redefining how organizations operate by ushering in a new phase of intelligent automation, where humans and machines collaborate to drive smarter decisions, faster execution, and continuous innovation. These AI-powered agents, ranging from digital co-pilots to autonomous decision-makers, are being rapidly adopted across key enterprise functions such as customer service, finance, HR, supply chain, and IT operations. Unlike static automation tools, AI agents are dynamic and adaptive, they learn from real-time data, understand context, and respond through natural language, allowing businesses to automate processes while staying agile and responsive. A notable example is the partnership between PwC and Microsoft, announced in January 2025, which combines Microsoft's Copilot technologies with PwC's deep industry expertise. Together, they are helping clients scale AI adoption, automate complex workflows, and unlock business value through the Agents Factory, a hub focused on ethical, scalable AI solutions. As more enterprises pursue similar collaborations, AI agents are fast becoming foundational to digital transformation strategies, empowering businesses to build intelligent, future-ready ecosystems. Key Company Profiles IBM Microsoft NVIDIA Corporation Google LLC Amazon Web Services, Inc. Meta Other Prominent Company Profiles Hewlett Packard Enterprise Development LP Oracle Corporation SAP SE Wipro Intel Corporation Sentient Technologies, LLC Verint Systems Inc. Strategy Salesforce, Inc. DATAROBOT, INC AI Superior GmbH Exomindse Tezeract Palantir Technologies Inc. Adobe UiPath Affectiva ScienceSoft USA Corporation Infosys Limited SambaNova, Inc. Noukha Technologies Markovate Inc. LeewayHertz Grammarly, Inc. instinctools Market Segmentation & Forecast Deployment Cloud On-premises Hybrid Technology Machine Learning Natural Language Processing Computer Vision Industry BFSI Healthcare Retail & E-commerce Manufacturing Others Geography North America The U.S. Canada Europe The U.K. France Germany Sweden Spain Italy Netherlands Switzerland APAC China Japan India Australia South Korea Singapore Latin America Brazil Mexico Argentina Middle East & Africa Saudi Arabia UAE South Africa Other Related Reports that Might be of Your Business Requirement Generative AI in Software Development Market - Global Outlook & Forecast 2025 - 2030 AI Chip Market - Global Outlook & Forecast 2024-2029 What Key Findings Will Our Research Analysis Reveal? What is the growth rate of the global enterprise AI market? How big is the global enterprise AI market? Which region dominates the global enterprise AI market share? What are the significant trends in the enterprise AI market? Who are the key players in the global enterprise AI market? Why Arizton? 100% Customer Satisfaction 24x7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton's report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date Post-Purchase Benefit 1hr of free analyst discussion 10% off on customization About Us: Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services. We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
