RED Mountain Appoints New President to Continue Fierce Independence and Authentic Mountain Vision
Headshot: Howard Katkov
Headshot: Mark Schroetel
ROSSLAND, British Columbia, June 18, 2025 (GLOBE NEWSWIRE) -- RED Mountain Resort, one of North America's last great independent ski resorts, today announces a major leadership transition that marks both the culmination of a 22-year legacy and the beginning of a bold new era.
After more than two decades at the helm, Howard Katkov, RED's long-time CEO who has successfully led RED's strategy of growth to preserve the resort's fierce independence without disenfranchising the community of Rossland, will step down from his role as Chief Executive Officer. Katkov will continue to serve as Chairman of the Board, ensuring that RED's ethos remains intact. Simultaneously, Don Thompson, President of RED Mountain Resort, will also transition out of his executive role while remaining an active member of the board.
Following an extensive international search, RED is proud to welcome Mark Schroetel as its new President, effective July 6, 2025. With over 30 years of resort and industry leadership, Schroetel has a proven record of helping ski areas thrive—while staying true to their soul.
'For 22 years, I've poured my heart into this mountain,' said Howard Katkov. 'Not to build a cookie-cutter resort, but to protect something real. RED stands for independence, character, and community. I couldn't pass that legacy to just anyone. In Mark, I see someone who gets it—who understands that RED's success lies in its authenticity, not in conforming to the status quo. I'm thrilled to support him as we take RED into its next chapter.'
A Career—and a Calling—25 Years in the Making
Schroetel brings a rich and diverse background to RED. He served for 15 years as General Manager of Bear Creek Mountain Resort in Pennsylvania, where he oversaw a full-scale redevelopment of the resort. Later, he spent 8 years as General Manager and CEO at Utah's Powder Mountain, North America's largest skiable resort by acreage, where he helped define a differentiated skiing experience focused on preservation over profit.
But for Schroetel, RED is more than a career move—it's personal.
'I've always been drawn to the Kootenays,' said Schroetel. 'In fact, I brought my dad here for his 60th birthday and returned to RED as a reward for completing my first year as a GM over two decades ago. When this opportunity came up, it felt like destiny. During a recent visit, my wife looked at me and said she's never seen me so happy in the 16 years we've been together. I responded, 'This is where I belong.''
'I'm incredibly honored to join the team at RED and can't wait to put down roots in Rossland. This is more than a job—it's a commitment to community, to authenticity, and to keeping the dream of independent skiing alive."
The Road Ahead
Under Katkov's stewardship, RED has achieved legendary status: one of the Top 10 largest ski resorts in North America, with 3,850 acres of unspoiled terrain, nearly 3,000 feet of vertical, and legendary tree skiing across five peaks. RED has also embraced its next evolution as a true four-season destination, launching new summer experiences and deepening its ties to the local community. Most notably, the resort will officially open its highly anticipated Gravity Logic designed lift-accessed RED Mountain Bike Park on June 21, further demonstrating Katkov's vision to make RED a world-class mountain playground in all seasons.
Schroetel's appointment is the next step in that evolution—ushering in a future built not on acquisition or homogenization, but on independence, innovation, and respect for the mountain and the community of Rossland.
Media Contact:Chella Levesque | Chella Levesque Inc. | chella@chellalevesqueinc.com | 604.961.9185
About RED Mountain Resort:
Fiercely independent and proudly rooted in Rossland, BC, RED Mountain Resort is Western Canada's oldest ski resort and one of North America's largest, offering 3,850 acres of terrain, nearly 3,000 feet of vertical, and legendary tree skiing across five peaks. Just minutes from the U.S. border in the Kootenays, RED blends rich heritage with bold innovation—including in-bounds cat skiing and a new lift-accessed bike park—making it a true four-season mountain playground with authentic mountain-town charm. www.redresort.com
About RED Mountain Homes:
RED Mountain Homes was born from a deep commitment to stay true to the culture, roots, and spirit of RED Mountain Resort and Rossland. A collection of neighbourhoods located in and around the base of RED Mountain, minutes from Rossland's historic downtown, 30 minutes from Trail Regional Airport, and a two-and-a-half-hour drive from Spokane International Airport, each RED Mountain Homes development will offer access to the lifts for year-round mountain adventure and walkable, pedestrian-oriented streets. RED Mountain Homes was created for those who share the community's love of mountain living. www.redmountainhomes.ca
Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/93f4538e-8de1-471c-b698-11083366c9f9
https://www.globenewswire.com/NewsRoom/AttachmentNg/a3387aab-3068-4f7f-9ecd-d711839a549d
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Arqit Joins Oracle Defense Ecosystem
LONDON, June 17, 2025 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ) ('Arqit' or the 'Company'), a global leader in quantum-safe encryption, today announced it has been selected as a member of the newly established Oracle Defense Ecosystem, a first-of-its-kind global initiative to redefine the delivery of defense and government technology innovation, at the Oracle Defense Tech Summit. Taking place in Austin, Texas, on Tuesday 17 June, the event brings together members of the global defense community, as well as Oracle experts and partners to explore how innovative and emerging technologies can drive modernisation and address critical challenges in a dynamic and uncertain global security landscape. Arqit's inclusion in the inaugural cohort of the Oracle Defense Ecosystem recognises its pioneering role in securing mission-critical infrastructure against advanced cyber threats, including those posed by quantum computing. Arqit's Senior Director for Government and Defense, Sean Carnew, presented as part of the launch of this initiative, outlining the crucial role Arqit is playing in protecting government and critical infrastructure data in a post-quantum world. The Oracle Defense Ecosystem provides a commercial foundation for joint innovation and includes access to: Oracle Sales Support: Members can work with Oracle's sales team, which serves hundreds of thousands of customers worldwide, to develop global defense market messaging and solutions that best meet the unique needs of each customer and leverage solutions from within the ecosystem to deliver unmatched technology innovation to defense organizations. Oracle Cloud Marketplace: Members can make their solutions available to customers in every OCI region globally. Oracle Cloud Marketplace offers a continuous integration/continuous deployment (CI/CD) pipeline for delivering updates and new features directly to customers, wherever they are. Secure Cloud Computing Architecture (SCCA) Compliance: Members can reduce the time and cost of building SCCA-compliant deployments, standardize their security approach across entire system portfolios, and simplify workload deployment by leveraging the Oracle Cloud Native SCCA Landing Zone framework and documentation, while tapping into Oracle's expertise in these areas. Arqit's participation positions it to expand the deployment of its SKA-Platform™ (Symmetric Key Agreement Platform), a quantum-safe technology used to protect data in motion, in process and at rest, into new territories and alliances within Oracle's Defense Ecosystem. 'Joining the Oracle Defense Ecosystem puts Arqit at the heart of a global push to modernise and secure defense capabilities,' . 'Oracle's scale and ambition align with our mission to deliver quantum-safe security where data integrity is critical to battlespace effectiveness and mission success.' Notes to Editors About Oracle Defense Ecosystem The Oracle Defense Ecosystem provides a commercial foundation for joint innovation: Oracle Sales Support: Members can work with Oracle's sales team, which serves hundreds of thousands of customers worldwide, to develop global defense market messaging and solutions that best meet the unique needs of each customer and leverage solutions from within the ecosystem to deliver unmatched technology innovation to defense organizations. Palantir for Builders: Members can leverage Palantir Foundry and Artificial Intelligence Platform (AIP) on OCI. Palantir's end-to-end software platform helps early-stage companies with internal operations, product development, LLM integration, security, and governance. Oracle Cloud Marketplace: Members can make their solutions available to customers in every OCI region globally. Oracle Cloud Marketplace offers a continuous integration/continuous deployment (CI/CD) pipeline for delivering updates and new features directly to customers, wherever they are. Defense Acquisition Guidance: Members can work with Oracle's dedicated executive advisors to gain the defense, technology, and procurement expertise they need to accelerate growth. Cybersecurity Maturity Model Certification (CMMC) Acceleration: Members can significantly speed up CMMC compliance, helping save months of manual work mapping controls and setting up compliance-ready cloud architecture, by leveraging the OCI Core Landing Zone. Secure Cloud Computing Architecture (SCCA) Compliance: Members can reduce the time and cost of building SCCA-compliant deployments, standardize their security approach across entire system portfolios, and simplify workload deployment by leveraging the Oracle Cloud Native SCCA Landing Zone framework and documentation, while tapping into Oracle's expertise in these areas. Oracle NetSuite: Members will have access to preferred pricing for NetSuite's AI-powered business management suite, which is trusted by more than 42,000 organizations to streamline business processes and provide a scalable foundation for growth. Facilities: Members will receive access to Oracle office space used to support defense customers. Training and Certification: Members can benefit from Oracle University training and certification credits for OCI, applications, and database. About Arqit Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) supplies a unique encryption software service which makes the communications links of any networked device, cloud machine or data at rest secure against both current and future forms of attack on encryption – even from a quantum computer. Compatible with NSA CSfC Components and meeting the demands of NSA CSfC Symmetric Key Management Requirements Annexe 1.2. and RFC 8784, Arqit's Symmetric Key Agreement Platform uses a lightweight software agent that allows end point devices to create encryption keys locally in partnership with any number of other devices. The keys are computationally secure and facilitate Zero Trust Network Access. It can create limitless volumes of keys with any group size and refresh rate and can regulate the secure entrance and exit of a device in a group. The agent is lightweight and will thus run on the smallest of end point devices. The product sits within a growing portfolio of granted patents. It also works in a standards compliant manner which does not oblige customers to make a disruptive rip and replace of their technology. In September 2024, Arqit was named as an IDC Innovator for Post-Quantum Cryptography, 2024. Arqit is winner of two GSMA Global Mobile Awards, The Best Mobile Security Solution and The CTO Choice Award for Outstanding Mobile Technology, at Mobile World Congress 2024, recognised for groundbreaking innovation at the 2023 Institution of Engineering and Technology Awards and winner of the National Cyber Awards' Cyber Defense Product of the Year 2024 and Innovation in Cyber Award 2022, as well as the Cyber Security Awards' Cyber Security Software Company of the Year Award 2022. Arqit is ISO 27001 Standard certified. Media relations enquiries: Arqit: pr@ Investor relations enquiries: Arqit: investorrelations@ Trademarks Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. Caution About Forward-Looking Statements This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. These forward-looking statements are based on Arqit's expectations and beliefs concerning future events and involve risks and uncertainties that may cause actual results to differ materially from current expectations. These factors are difficult to predict accurately and may be beyond Arqit's control. Forward-looking statements in this communication or elsewhere speak only as of the date made. New uncertainties and risks arise from time to time, and it is impossible for Arqit to predict these events or how they may affect it. Except as required by law, Arqit does not have any duty to, and does not intend to, update or revise the forward-looking statements in this communication or elsewhere after the date this communication is issued. In light of these risks and uncertainties, investors should keep in mind that results, events or developments discussed in any forward-looking statement made in this communication may not occur. Uncertainties and risk factors that could affect Arqit's future performance and cause results to differ from the forward-looking statements in this release include, but are not limited to: (i) the outcome of any legal proceedings that may be instituted against Arqit, (ii) the ability to maintain the listing of Arqit's securities on a national securities exchange, (iii) changes in the competitive and regulated industries in which Arqit operates, variations in operating performance across competitors and changes in laws and regulations affecting Arqit's business, (iv) the ability to implement business plans, forecasts, and other expectations, and identify and realise additional opportunities, (v) the potential inability of Arqit to successfully deliver its operational technology, (vi) the risk of interruption or failure of Arqit's information technology and communications system, (vii) the enforceability of Arqit's intellectual property, (viii) market and other conditions, and (ix) other risks and uncertainties set forth in the sections entitled 'Risk Factors' and 'Cautionary Note Regarding Forward-Looking Statements' in Arqit's annual report on Form 20-F (the 'Form 20-F'), filed with the U.S. Securities and Exchange Commission (the 'SEC') on 5 December 2024 and in subsequent filings with the SEC. While the list of factors discussed above and in the Form 20-F and other SEC filings are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realisation of forward-looking in to access your portfolio
Business Upturn
36 minutes ago
- Business Upturn
Toll Brothers Apartment Living® and Carlyle Announce the Grand Opening of Peregrine, a Luxury Multifamily Apartment Community in Irving, Texas
IRVING, Texas, June 18, 2025 (GLOBE NEWSWIRE) — Toll Brothers Apartment Living®, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation's leading builder of luxury homes, and joint venture partner Carlyle announce the grand opening of Peregrine, a new luxury mid-rise apartment community near Dallas, Texas. Located at 6001 Love Drive in Irving, the community features 364 residences in a mix of studio, one-bedroom, and two-bedroom floor plans. A grand opening celebration was held recently with project partners, residents, and guests. 'We are excited to introduce Peregrine as the latest addition to our portfolio of luxury communities in Texas,' said John McCullough, President of Toll Brothers Apartment Living. 'Peregrine offers the high-quality finishes and premium amenities that renters have come to expect from Toll Brothers Apartment Living, in a location that easily connects them to the best of Dallas-Fort Worth.' Peregrine offers designer finishes, high-end features, and modern conveniences. The luxury apartment homes include quartz countertops with tile backsplashes, Shaker-style cabinetry with soft-close doors and drawers, stainless steel appliances, designer pendant lighting, and oversized closets with built-in shelving. Smart home technology, including keyless entry, smart thermostats, and USB charging outlets, enhances convenience and connectivity. Select residences feature private patios or balconies, double bathroom vanities, and glass-enclosed showers. Residents at Peregrine enjoy a hospitality-inspired lobby and lounge, a state-of-the-art two-story fitness center with a yoga and spin studio, a rooftop lounge, a game lounge, and a resort-style pool and courtyard with firepits, lawn games, and grilling stations. Additional offerings include a coworking suite with shared spaces and a private conference room, a dog park and pet spa, and dedicated bike storage and service areas. 'Peregrine reflects our commitment to delivering best-in-class rental communities in highly desirable markets like Irving,' said Tommy Rhodus, Managing Director of Toll Brothers Apartment Living in the Central region. 'With refined interiors, upscale amenities, and a prime location that connects residents to the greater Dallas-Fort Worth area and beyond, Peregrine offers an exceptional lifestyle for our residents and we look forward to building a thriving community here.' Peregrine seamlessly blends residential tranquility and urban convenience. Residents can explore the nearby parks and outdoor recreation areas, like Lake Carolyn and Campion Trail, and take in the culinary scene and entertainment found in Las Colinas. Peregrine's location provides easy access to the region's major employment centers in Dallas and Fort Worth, and the community is a short drive from Dallas Fort Worth International Airport. Peregrine is Toll Brothers Apartment Living's sixth multifamily community to open in Texas in the past year including Mirra in Frisco, Whitlow in Lewisville, Remy in Frisco, Lyle in Dallas, and The Sadie in Fort Worth. For more information about Peregrine, visit ABOUT TOLL BROTHERS APARTMENT LIVING® Toll Brothers Apartment Living® is the apartment development division of Toll Brothers, Inc. (NYSE: TOL), an award-winning Fortune 500 company, and the nation's leading builder of luxury homes. Toll Brothers Apartment Living brings the same quality, luxury, and service for which Toll Brothers is known to its exceptional rental and mixed-use communities in select markets, including Atlanta, Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix, and Washington, DC. Toll Brothers Apartment Living communities combine the energy of vibrant locations with unparalleled amenities, resident services, design, and the expertise of America's Luxury Home Builder®. In 2024, Toll Brothers Apartment Living was named to the National Multifamily Housing Council's Top 25 Largest Developers list, the fifth year it has been so recognized. The firm has completed over 10,000 units nationally, with more than 18,000 units in production. For more information visit ABOUT TOLL BROTHERS Toll Brothers, Inc., a Fortune 500 Company, is the nation's leading builder of luxury homes. The Company was founded 58 years ago in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol 'TOL.' The Company serves first-time, move-up, empty-nester, active-adult, and second-home buyers, as well as urban and suburban renters. Toll Brothers builds in over 60 markets in 24 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Indiana, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New York, North Carolina, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, and Washington, as well as in the District of Columbia. The Company operates its own architectural, engineering, mortgage, title, land development, smart home technology, and landscape subsidiaries. The Company also develops master-planned and golf course communities as well as operates its own lumber distribution, house component assembly, and manufacturing operations. Toll Brothers has been one of Fortune magazine's World's Most Admired Companies™ for 10+ years in a row, and in 2024 the Company's Chairman and CEO Douglas C. Yearley, Jr. was named one of 25 Top CEOs by Barron's magazine. Toll Brothers has also been named Builder of the Year by Builder magazine and is the first two-time recipient of Builder of the Year from Professional Builder magazine. For more information visit From Fortune, ©2025 Fortune Media IP Limited. All rights reserved. Used under license. Contact: Andrea Meck | Toll Brothers, Senior Director, Public Relations & Social Media | 215-938-8169 | [email protected] Photos accompanying this announcement are available at:
Business Upturn
36 minutes ago
- Business Upturn
Credit Unions Sound the Alarm on Student Loan Procrastination — Urge Families to Lock in Flexible Line of Credit Before Fall Deadlines
Washington, DC, June 18, 2025 (GLOBE NEWSWIRE) — CU Student Choice, a leading provider of education financing solutions, is renewing its nationwide outreach to help students and families avoid last-minute borrowing pitfalls and long-term debt. Backed by a network of more than 200 credit union partners, the flexible, multi-year education line of credit offers a smart, reusable alternative to traditional private student loans, just as tuition deadlines loom and financial decisions become most critical. Flexible Education Line of Credit The initiative, offered through the Student Choice platform, aims to give families an alternative to traditional private student loans, which often force borrowers to guess their total cost of attendance upfront and reapply every year. 'Many families wait until the last minute and feel forced into taking whatever loan they can get,' said Rich Kump, President and CEO, UMassFive College Federal Credit Union. 'This approach creates stress and leads to overborrowing. Our education line of credit removes that pressure by providing a reusable safety net so students can borrow as needed, when needed.' A Safety Net, Not a Sales Pitch Unlike most private loans that lock borrowers into one lump-sum loan amount year by year, the Student Choice model allows you to draw on funds over multiple academic years* That means students can adjust borrowing based on scholarships, financial aid, or changes in academic plans — avoiding interest on funds they do not need. Even if students don't plan to borrow right away, having the line of credit in place gives them a financial safety net they can tap into if or when it's needed. The credit union-backed program also offers: One-time application for multiple years of borrowing* No origination fees or prepayment penalties Support from real credit union representatives Repayment terms of up to 25 years for affordability This unique model has already helped 132,000 families finance their college education more confidently and has recently been expanded to support more than 2,000 colleges and universities. A Timely Warning for Procrastinators A recent report from Sallie Mae shows that more than 50% of families wait until July or later to finalize student financing — often leading to rushed decisions and higher loan balances. Traditional private loans, often promoted through paid aggregator sites, do not always provide the flexibility or transparency needed for smart borrowing decisions. 'We built this program for families who don't want to overborrow but also can't afford to wait,' said Kump. 'It's not about pushing debt. It's about doing the right thing and putting students in control.' Rising Awareness Amid Growing Concern As federal student loan headlines dominate the news, from stalled forgiveness debates to rising interest rates on new federal loans – families are facing a confusing and often frustrating borrowing environment. Many students don't realize until it's too late that federal loans alone may not cover the full cost of attendance, and traditional private loans often lead with unobtainable, low teaser rates, rigid terms, and limited protections. Amid this uncertainty, credit unions are stepping up. Backed by decades of member-first values, these not-for-profit institutions are offering a smarter, more transparent alternative – one that's designed around flexibility, and long-term financial wellness. With an education line of credit, students and families can secure funding without being forced into borrowing more than they need, offering a calmer path forward during an increasingly chaotic time. * Subject to credit approval and annual review. Must meet the school's Satisfactory Academic Progress (SAP) requirements. About CU Student Choice CU Student Choice is a credit union service organization (CUSO) that helps credit unions strengthen their role in education finance. Through private loan solutions and borrower education, Student Choice enables institutions to offer fair, flexible student lending that meets real-world needs. Since 2008, more than 132,000 families have accessed funding through Student Choice credit union partners. To learn more, visit NMLS #2123582 Press inquiries CU Student Choice Mike Weber [email protected] 563-599-1193 1001 Connecticut Avenue NW, Suite 1001, Washington, DC 20036
