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Globe and Mail
15 minutes ago
- Globe and Mail
Exchange Bank Promotes Stacy McKee to Vice President & Controller
Exchange Bank (OTC: EXSR) is pleased to announce the promotion of Stacy McKee to Vice President & Controller. This well-earned promotion recognizes Stacy's long-standing commitment and impactful contributions to the Bank's Finance team. This press release features multimedia. View the full release here: McKee began her career at Exchange Bank in February 2003 as an Accounting Specialist. Over the past 22 years, she has steadily advanced through leadership roles, including Accounting Supervisor in 2012, Assistant Vice President and Assistant Controller in 2018, and most recently, Vice President and Controller. Throughout her tenure, she has led numerous projects and implemented key financial processes that have strengthened the Bank's operations. 'Stacy's promotion is well deserved. She has been an integral part of our Finance team and is known for her collaborative spirit, steady leadership, and deep institutional knowledge,' said Charlotte Radmilovic, SVP and Chief Financial Officer of Exchange Bank. 'I am thrilled to announce her advancement to Vice President & Controller. Stacy brings a thoughtful and supportive approach that will continue to strengthen our team and culture.' McKee's academic accomplishments reflect her dedication to continual growth. She earned both an Associate of Arts degree and an Account Clerk Certificate from Santa Rosa Junior College in 2000 and went on to complete her Bachelor of Science degree with a concentration in Accounting from Eastern Oregon University in 2014. In her new role, McKee will oversee the Bank's financial reporting and accounting operations, while continuing to drive process improvements and support regulatory compliance. She will also play a key role in mentoring and developing the Finance team, helping to ensure the Bank's continued financial strength and operational excellence. About Exchange Bank Headquartered in Sonoma County and founded in 1890, Exchange Bank is a full-service community bank with assets of $3.27 billion. Exchange Bank provides a wide range of personal, commercial, and trust and investment management services with 17 retail branches in Sonoma County, a retail branch in Roseville and Trust & Investment Management offices in Santa Rosa, Roseville, Marin County and Silicon Valley. The Bank's legacy of financial leadership and community support is grounded in its core values of commitment, respect, integrity, and teamwork. Exchange Bank is known for its people who care about their customers, their company, and the communities where they live and work. Exchange Bank is a 19-year winner of the North Bay Business Journal's Best Places to Work survey and a 13-time winner of the Best Bank of Sonoma County by the Press Democrat's Readers' Choice 2024 awards. Exchange Bank was named Best Consumer Bank by the NorthBay biz Magazine's Best of the North Bay readers' poll and Best Local Bank by The Petaluma Argus Courier People's Choice Awards 2025. Exchange Bank is also a winner of the 2024 San Francisco Business Times Corporate Philanthropy award, and the Bohemian Magazine's Best of the North Bay 2024 named Exchange Bank Best Business Bank and Best Consumer Bank.
Globe and Mail
15 minutes ago
- Globe and Mail
PG vs. Inflation: How Long Can Price Hikes Offset Input Costs?
The Procter & Gamble Company PG has relied on price increases in recent years to offset inflationary pressures on input costs, but sustaining this strategy indefinitely presents challenges. While fiscal 2025 saw balanced contributions from volume and pricing, management has acknowledged that consumer behavior is shifting as inflation, tariffs and macro uncertainty weigh on purchasing patterns. In some categories, especially in North America and Europe, category growth has slowed, and consumers are seeking value through smaller packs, promotions or lower-priced tiers. This creates a ceiling on the effectiveness of repeated price hikes, as further increases risk driving trade-down or reducing category growth. PG's ability to maintain pricing power depends heavily on its brand superiority and innovation pipeline. Management emphasized that categories where performance has slipped below consumer expectations have seen share pressure, but regaining superiority quickly reaccelerates growth. Examples such as innovation in Pampers, SK-II and Swiffer demonstrate that when product performance and value are clearly communicated, the company can command premium pricing even in a cost-sensitive environment. PG is working on cutting costs, improving its supply chain and focusing on its most profitable products to handle ongoing inflation. The company is aiming for up to $1.5 billion in yearly savings and is removing less important products so it can invest in the best ones. But with $200 million in extra commodity costs and $1 billion in tariffs expected in 2026, PG will need more than just price hikes. It plans to combine smarter pricing with cost savings and innovations to stay ahead. PG's Peers: How CL & CHD Tackle Inflation In an increasingly inflationary and volatile macroeconomic environment, leading consumer goods companies like Colgate-Palmolive Company CL and Church & Dwight Co., Inc. CHD are leveraging strategic price increases and premium innovation to help offset rising input costs. Colgate has been using price increases alongside its premium innovation strategy to help cover rising input costs, including higher raw materials, like fats and oils and the impact of tariffs. In second-quarter 2025, pricing added 80 basis points (bps) to its gross margin, but this was more than offset by a 420-bps hit from raw and packaging material inflation. The company is also relying on 'funding-the-growth' productivity initiatives, which delivered a 250-bps benefit, and is planning further pricing actions in key international markets. For Church & Dwight, price increases have been an important tool to help offset higher costs from raw materials, packaging and tariffs, but the benefit is becoming more limited. In second-quarter 2025, the company saw solid volume gains, yet pricing and mix had only a small positive impact on sales, and inflationary pressures still weighed on margins. Management is balancing selective pricing with productivity improvements, cost controls and innovation to protect profitability, acknowledging that there is a limit to how much consumers will accept higher prices before switching to cheaper alternatives. This means future margin protection will rely more on efficiency gains and premium product growth rather than relying solely on price hikes. PG's Price Performance, Valuation & Estimates Procter & Gamble's shares have lost around 7.5% year to date compared with the industry 's 4.3% dip. From a valuation standpoint, PG trades at a forward price-to-earnings ratio of 22.01X compared with the industry's average of 19.79X. The Zacks Consensus Estimate for PG's fiscal 2025 and 2026 EPS indicates year-over-year growth of 2.3% and 6.3%, respectively. The company's EPS estimates for fiscal 2025 and 2026 have moved downward in the past 30 days. Procter & Gamble currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Procter & Gamble Company (The) (PG): Free Stock Analysis Report Colgate-Palmolive Company (CL): Free Stock Analysis Report Church & Dwight Co., Inc. (CHD): Free Stock Analysis Report
National Post
15 minutes ago
- National Post
Gregg Zaun reveals details behind Sportsnet firing for ‘inappropriate behaviour'
During his tenure as an in-studio analyst on Rogers Sportsnet for the Toronto Blue Jays, Gregg Zaun never was afraid to call it like he saw it. Article content Now, eight years after his high-profile firing from the broadcaster, Zaun isn't afraid to admit his mistakes. Article content Article content Zaun, a former Blue Jays catcher during his playing days, opened up during a podcast appearance this week about his unceremonious departure, including about the allegations made against him and how greatly they have affected him personally and professionally. Article content 'I definitely made mistakes. I let celebrity get in my head,' Zaun said during Monday's episode of the Toronto Legends podcast. 'I was never as famous in Canada as a player as I was as a broadcaster. I mean, I couldn't walk down the street. Article content 'My life was turned upside down, ruined. My professional career, ruined,' he added. 'I can't get a job in television. There's not a lot of forgiveness for people that look like me in this world. And it's my fault. It's absolutely my fault.' Article content While Zaun said that he was 'shocked' by the allegations, he also held himself accountable for letting things get too far. Article content Article content 'There are certain topics of conversation that don't belong in the workplace. And it's funny, the biggest mistake that I've made is thinking that because a lot of the conversations and exchanges were initiated by females in the workplace that they were somehow OK. That I was somehow justified in participating in those conversations. The tomfoolery, the hijinks. These allegations, they were shocking to me,' Zaun said. Article content 'I was just having fun with willing participants. Yeah, the environment was inappropriate. It was my fault for letting it get as far as it did. I should have been classier and I definitely should be held to a higher level of accountability,' he added. Article content Article content Several anonymous Sportsnet employees previously told the Canadian Press that Zaun had made sexual comments 'with the clear intention of making us uncomfortable.' Article content During the podcast interview, Zaun said that the network pushed him to become a 'Manalyst,' which he described as the 'Don Cherry of baseball.' Article content 'Sportsnet created that 'Manalyst' guy. They wanted 'Don Cherry of baseball,' so I gave it to them,' Zaun said. Article content But Zaun says he's capable of more than that sort of role. Article content 'People misunderstand or underestimate my versatility. I can be whatever you want me to be. You want me to be the loud guy. You want me to cause a ruckus. You want me to polarize the fan base. I can do that,' Zaun said. Article content 'Do you want me to just be quiet and go put my head down and be a soldier, and accomplish a list of tasks that you want from me? I can do that too. It's just easier to blame my past transgressions, my past mistakes, as the reason why you don't want to have a conversation.' Article content
