Green Power Firm Keen to Stay Private Despite Abu Dhabi IPO Rush
'If you have capital and it's sufficient, why do you want to go public?' Masdar CEO Mohamed Jameel Al Ramahi said in an interview. 'It adds more complexity on management.'
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Fitzco Names Chris Wallrapp CEO
Executive joins the agency from Hill Holliday in Boston. ATLANTA, Aug. 20, 2025 /PRNewswire/ -- Fitzco, a BCG Worldwide agency, has named Chris Wallrapp as its new Chief Executive Officer, effective Sept. 8. Wallrapp joins from Hill Holliday Group in Boston where he has served as CEO since 2023 following more than a decade of leadership roles, including President and Chief Growth Officer. He will relocate to Atlanta to lead Fitzco's team into its next era of growth and creative success. BCG Worldwide CEO Tara DeVeaux, to whom Wallrapp will report, said what stood out about him was his stellar history of driving meaningful growth and the obvious enthusiasm he has for advertising. "It was clear from our first conversation that Chris loves this business. It's his superpower," DeVeaux said. "There was an extensive search to find the right fit for Fitzco and this ball of energy from Texas stood out. His track record of building meaningful relationships with new and existing clients made it clear he would be a transformational leader as Fitzco enters this next chapter of explosive growth." Over the course of his career, Wallrapp has worked in strategic growth roles at agencies including Modernista, Fallon, Carmichael Lynch, Y&R, and GSD&M. He has been recognized on AdAge's 40 Under 40 (2014) and Campaign US's 40 Over 40 lists (2021). "This is a dream opportunity to lead an agency with Fitzco's talent, creativity, and ambition," Wallrapp said. "The culture here is electric, and with Tara's vision and BCG Worldwide in our corner, we have the kind of advantage that sets us apart in an industry changing faster than ever. It's that combination of people and purpose that makes this moment so exciting for me." During his 14 years at Hill Holliday, Wallrapp led the agency to more than 120 new business wins, including Cadillac, Bank of America, Major League Baseball, Optum Health, and Kay Jewelers. Wallrapp takes the helm at a transformational moment. Founded in 1983 by Dave Fitzgerald, Fitzco was sold to IPG in 1998. In 2020, Fitzgerald came out of retirement to reacquire the agency and serve as CEO, later handing the reins to longtime staffer Evan Levy in 2023. When Burrell Communications Group formed BCG Worldwide and acquired Fitzco in April 2025, Levy retired, and Fitzgerald returned as interim CEO during the search for a permanent leader. The agency was named a Small Agency of the Year by AdAge in 2022. BCG Worldwide was founded by Channing Johnson's View Park Capital and FVLCRUM Partners, d.b.a. FVLCRUM Funds Capital Group, a private equity firm that intentionally invests in lower-middle market companies to generate sustainable opportunity. ABOUT FITZCOFounded in 1983 in Atlanta, Georgia, Fitzco is owned by BCG Worldwide and specializes in marketing and brand strategy, media planning and buying, data and analytics, content ideation, production, and design. Fitzco's ethos is to Make It Matter by delivering both conventional and unconventional business solutions for its clients, which include Madison Reed, Slim Fast Southern Company, Waymo, and Welch's. For more information, visit ABOUT BURRELL COMMUNICATIONS GROUPBurrell Communications Group was founded in 1971 by renowned ad man Tom Burrell, who led the company for 33 years. Today, Burrell Communications Group is the largest U.S. Black-owned agency specializing in understanding and speaking to today's market, one that is more diverse and more multicultural than ever before in our country's history. The agency boasts a roster of premiere, blue-chip clients that lead in their respective categories, including Toyota, Comcast, Deloitte, Coca-Cola, Microsoft, Exact Sciences and the American Red Cross. For more information, visit View original content to download multimedia: SOURCE Fitzco
Yahoo
15 minutes ago
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KROMATID Announces Successful Close of $8 Million Series C Funding Round, Exceeding Growth Capital Goals
Funding positions KROMATID for accelerated growth in genomic analysis and gene editing technologies BOULDER, Colo., Aug. 20, 2025 /PRNewswire/ -- KROMATID, a leader in next-generation genomic structural analysis, today announced the successful close of its Series C funding round, raising a total of $8 million and surpassing its targeted capital goals. The most recent tranche of the round contributed $3.8 million. The round was led by BroadOak Capital Partners, with participation from both existing and new strategic investors. The capital from this Series C close will fuel expansion of KROMATID's proprietary platforms for detecting chromosomal structural rearrangements, scale operations to meet growing global demand, and advance strategic partnerships with pharmaceutical and academic leaders in cell and gene therapy. "We are thrilled to have achieved our funding goal, which is a testament to the confidence our investors have in our vision and the unique capabilities of our technology," said Jim Chomas, CEO of KROMATID. "This investment enables us to scale faster, innovate further, and continue delivering the genomic insights that help bring life-changing therapies to patients." "KROMATID has built a differentiated platform that provides accurate, high-resolution analysis of genomic integrity, one of the most pressing needs in the rapidly expanding gene and cell therapy industry," said Bill Snider, Partner at BroadOak Capital Partners. "We are proud to continue our partnership as they enter their next phase of growth." Over the next 12–18 months, KROMATID plans to deploy this funding to accelerate commercial expansion and enhance automation and throughput in its laboratory operations. The company will also invest in strategic hiring across scientific, operational, and customer-facing teams to meet increasing market demand and solidify its leadership position in genomic structural analysis. About KROMATIDKROMATID delivers next-generation genomic structural analysis solutions for gene and cell therapy developers, enabling precise detection of chromosomal structural rearrangements with unmatched clarity and resolution. By combining proprietary imaging and bioinformatics capabilities, KROMATID supports therapeutic innovation from discovery through regulatory approval. About BroadOak Capital PartnersBroadOak Capital Partners is a boutique financial institution that provides direct investment and investment banking services to companies in the life science tools, diagnostics, and biopharma services sectors. BroadOak has invested in more than 70 life sciences companies including over 35 exits. For more information, visit Media Contact:Amanda LadasGlobal Marketing ManagerKROMATIDaladas@ View original content to download multimedia: SOURCE KROMATID 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
15 minutes ago
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Target Stock Plunges Despite Solid Q2 Results -- CEO Shakeup Sparks Selling
This article first appeared on GuruFocus. Aug 20 - Target Corporation (NYSE:TGT) shares slipped about 7% on Wednesday after the retailer posted mixed second quarter results and announced a leadership transition. The market reaction reflected weaker year-over-year earnings despite signs of operational improvement. Warning! GuruFocus has detected 5 Warning Signs with TGT. Second quarter net sales came in at $25.2 billion, down 0.9% from the prior year. The drop was smaller than in the first quarter, showing that traffic and sales trends are stabilizing, particularly in stores. All six core merchandising categories saw sequential improvements, while digital comparable sales advanced 4.3% on the back of over 25% growth in same-day delivery through Target Circle 360 and continued strength in Drive Up. Non-merchandise revenue also expanded, climbing 14.2% with solid growth in advertising, membership, and marketplace services. Adjusted and GAAP earnings per share landed at $2.05, below the $2.57 earned in 2024, as higher costs and tariff pressures weighed on profitability. Along with results, the board said Monday it has elected Michael Fiddelke as Target's next CEO, succeeding Brian Cornell. The naming is consistent in leadership as the retailer takes the retailer into the high-stakes back-to-school and holiday selling seasons. Based on the one year price targets offered by 30 analysts, the average target price for Target Corp is $105.48 with a high estimate of $140.00 and a low estimate of $82.00. The average target implies a upside of +0.11% from the current price of $105.36. Based on GuruFocus estimates, the estimated GF Value for Target Corp in one year is $147.51, suggesting a upside of +40.01% from the current price of $105.36. Gf value is Gurufocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. For deeper insights, visit the forecast page.
