Latest news with #Duracell
Travel Daily News
6 days ago
- Business
- Travel Daily News
Azamara Cruises to launch Procell InSite onboard
Azamara partners with Procell to implement Procell InSite, enhancing battery management, operational efficiency, guest satisfaction, and sustainability onboard its ships. LONDON – Procell, the professional brand of the Duracell Company, and Azamara Cruises announce a strategic partnership to launch Procell InSite onboard Azamara ships. This collaboration aims to enhance operational efficiency and guest satisfaction in the cruise industry. Azamara places a strong emphasis on guest satisfaction, working to ensure every cruise meets the highest standards. Yet even small disruptions – such as a door lock, safe, or hygiene device losing power – can impact a guest's experience. According to Azamara, the cruise line currently has no way to monitor battery levels of many devices in real time. As a precaution, staff routinely replace batteries before they are fully depleted, which consumes time and resources that could be better spent enhancing guest services. To address this challenge, Azamara is implementing Procell InSite, a smart solution that provides visibility into battery performance and helps prevent unexpected failures. The technology is expected to improve operational efficiency and support the cruise line's commitment to delivering a seamless onboard experience. Procell InSite is a revolutionary wireless device management system designed to streamline the monitoring and maintenance of battery-powered devices. By integrating these devices into a single online platform, Procell InSite provides comprehensive oversight and optimization opportunities. The system features advanced analytics, predictive maintenance capabilities, and real-time operational management tools, ensuring seamless operations and significant cost savings. Additionally, Procell InSite supports sustainability by reducing the number of batteries used, thereby minimizing environmental impact. Key Benefits of Procell InSite for Azamara: Operational Efficiency: Procell InSite's real-time monitoring and predictive maintenance capabilities will help Azamara optimize its maintenance workforce, reduce unnecessary battery replacements and reduce operational costs. Enhanced Guest Experience: Ensuring that battery operated devices are functioning optimally will enhance the overall guest experience onboard Azamara ships by allowing staff to focus more on guest-facing tasks. Sustainability: By reducing the number of batteries used, Procell InSite supports Azamara's commitment to environmental sustainability. Karim Elmasry, CEO Procell Insite, says, 'We are thrilled to partner with Azamara in rolling out Procell InSite. Azamara quickly understood the industry's blind-spot in some critical guest facing battery operated devices that are not smart, not communicating back their status. That's where Procell InSite can help, turning legacy devices into smart devices, and with its real-time monitoring capabilities empower cruise liners to optimize resource allocation, enhance guest experiences, streamline operations, and reduce waste. We couldn't be prouder to have Azamara on-board and ready to take their guest experience to the next level.' Captain Nico Corbijn, Chief Administrative Officer, Azamara, commented: 'At Azamara Cruises, we're committed to delivering exceptional guest experiences while driving operational efficiency and sustainability. Our partnership with Procell and the integration of the Procell InSite system marks an exciting step forward. This innovative wireless device management platform allows us to monitor and maintain our battery-powered devices more effectively, reducing waste and operational costs. It's a smart solution that aligns perfectly with our dedication to responsible, sustainable cruising.' 'We are excited to partner with Azamara to bring Procell InSite onboard their ships. This collaboration aligns with our vision of providing not just long-lasting professional batteries to our customers but also innovative solutions that go beyond to further enhance operational efficiency, customer satisfaction, and sustainability.' said Michelle Potorski, President, Procell InSite.
CNET
21-05-2025
- Business
- CNET
Spend $50 on Everyday Essentials and Get $15 Back With This Amazon Gift Card Deal
With Memorial Day now just around the corner, there are lots of deals floating around on all kinds of things. But you don't have to buy something special to save money, as there are some great Memorial Day everyday essential deals on offer. Amazon is running a sale of its own and will give you a free $15 gift card when you spend $50 or more on the things we all need to get through our busy lives. Just make sure you enter the code STOCKUPSAVE at checkout. This deal is available right now across all manner of essentials, from paper towels to batteries and everything in between. And the best thing? Because you'd buy these items anyway, you can rest easy knowing that you're cutting back on your spending instead of buying things you don't need. Hey, did you know? CNET Deals texts are free, easy and save you money. There are tons of products included in this deal, including all of the laundry detergent that you could possibly ever need, not to mention a slew of air fresheners. You can even stock up on Duracell batteries so you need never run out again. The only thing to note here is that Amazon says the $15 promo credit will expire at 11:59 p.m. on Sept 4, so you do have to spend it before then. Maybe use that money to treat yourself to something nice? Go on, you deserve it. Why this deal matters With the cost of everyday living increasing more quickly than any of us would like, it's vital to save money wherever possible. Everyday essentials are a great way to save money because you'd buy them anyway, so why not spend a little less when you can? Some of these items are discounted on top of the free gift card you'll get, so you could argue you're saving twice, too.
News18
15-05-2025
- Business
- News18
Warren Buffett Explains Why He Stepped Down As Berkshire Hathaway CEO: 'It's Irreversible'
Last Updated: 'I didn't really start getting old, for some strange reason, until I was about 90, but when you start getting old, it does become -- it's irreversible,' says Warren Buffett. At the age of 94, legendary investor Warren Buffett has stepped down as CEO of Berkshire Hathaway by the end of the year, passing the leadership baton to Vice Chairman Greg Abel. The decision marks the end of a remarkable six-decade run during which Buffett transformed the company from a struggling textile firm into a $1-trillion conglomerate. In an interview with The Wall Street Journal, Buffett attributed the move to the natural effects of ageing. 'There was no magic moment. How do you know the day that you become old?" he said. 'I didn't really start getting old, for some strange reason, until I was about 90, but when you start getting old, it does become — it's irreversible." Buffett shared that small but significant signs — such as losing his balance, forgetting names, and difficulty reading newspapers — led him to realise it was time to step back. He also acknowledged that he and Abel were no longer operating at the same pace. 'The difference in energy level and just how much he could accomplish in a 10-hour day compared to what I could accomplish in a 10-hour day — the difference became more and more dramatic," Buffett admitted. 'He just was so much more effective at getting things done, making changes in management where they were needed, helping people that needed help somewhere, but just all kinds of ways." Despite physical limitations, Buffett stressed that his mental acuity remains intact and that he will continue to be active in making investment decisions. 'I don't have any trouble making decisions about something that I was making decisions on 20 years ago, or 40 years ago or 60 years ago," he said. 'I will be useful here if there's a panic in the market because I don't get fearful when things go down in price or everybody else gets scared… And that really isn't a function of age." He noted that he still feels good and looks forward to going to work each day at the Omaha headquarters. He has no plans for a quiet retirement. 'I'm not going to sit at home and watch soap operas… My interests are still the same," Buffett said, making it clear that he remains passionate about investing and the work he does. Under Buffett's stewardship, Berkshire Hathaway became one of the most successful investment vehicles in history, with a portfolio that spans companies like Duracell, GEICO, Coca-Cola, and Bank of America. His decision to step down as CEO may mark the end of an era — but it's clear that Buffett has no intention of walking away from the world of investing entirely. Watch India Pakistan Breaking News on CNN News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published:
India.com
05-05-2025
- Business
- India.com
Who is Greg Abel, Warren Buffett's successor as Berkshire Hathaway CEO? His net worth is…
Warren Buffett, one of the world's most well-known businessmen, has said he will step down as the CEO of Berkshire Hathaway by the end of this year. The 94-year-old has been leading the company since 1965. The news surprised many, especially since the announcement was made at the company's annual shareholders' meeting on Saturday (May 3). Buffett has always been strongly connected to the company, so the news felt unexpected. Buffett is often called the 'Oracle of Omaha', named after his hometown in Nebraska, USA. Under his leadership, Berkshire Hathaway became a USD 1.18 trillion company. It owns many different businesses, such as railroads and the battery company Duracell. The company also made big investments in well-known companies like Apple and Coca-Cola. Now, Buffett has announced that Greg Abel will take over as CEO by the end of the year. Abel is currently Vice Chair of Non-Insurance Operations and also leads Berkshire Hathaway Energy. According to a BBC report, Abel, who was sitting right next to Buffett on stage, looked surprised when the news was shared. Here's more about Greg Abel and why this leadership change matters: 1. Simple and hardworking background Greg Abel was born on June 1, 1962, in Edmonton, Alberta, Canada. He comes from a working-class family. As a young boy, he did small jobs like cleaning used bottles and filling fire extinguishers. This information was shared by the Horatio Alger Association of Distinguished Americans, which gave him an award in 2018. He studied at the University of Alberta. After college, he worked at the consulting firm PricewaterhouseCoopers and later joined an energy company called CalEnergy. In 1992, he became part of Berkshire Hathaway Energy (which was called MidAmerican Energy at that time). The company later became fully owned by Berkshire Hathaway. 2. Slow and steady rise within the company Over time, Greg Abel took on more responsibilities. He has been looking after several businesses at Berkshire Hathaway, including its chemical, industrial, and retail divisions. In the past year, he also started helping with some of Buffett's key responsibilities, especially in investment decisions. Buffett said last year that he wanted Abel to make the final decisions about which public stocks the company should invest in. People who work with Abel say he is very focused, asks thoughtful questions, and wants to deeply understand how each business works. For a long time, there were rumors that Abel might be Buffett's successor. Back in 2015, Charles Munger, Buffett's long-time business partner and Vice Chairman of Berkshire, said that the company's future leaders would be very capable. He called both Greg Abel and Ajit Jain 'world-class' performers. Munger passed away in 2023. Ajit Jain, who is 73 years old and originally from India, studied at IIT Kharagpur. He is also currently serving as Vice Chairman at Berkshire Hathaway. 3. Stepping into big shoes After the news came out, many people shared kind words and praised Warren Buffett for his long and successful career. Jamie Dimon, the CEO of JPMorgan Chase, said: 'Warren Buffett shows what is best about American business and the country itself. He invested in companies and helped them grow with honesty, hope, and simple good sense.' Buffett's work over the decades has inspired people around the world. Now, as Greg Abel gets ready to lead the company, he knows he is stepping into the shoes of a true legend. Apple CEO Tim Cook wrote on X: 'There's never been someone like Warren, and countless people, myself included, have been inspired by his wisdom. It's been one of the great privileges of my life to know him.' Now, Greg Abel is preparing to take charge of a massive company worth \$1.18 trillion. He will have the tough job of following in the footsteps of a legendary business figure like Warren Buffett.
Indian Express
04-05-2025
- Business
- Indian Express
Who is Greg Abel, the newly announced successor of Warren Buffett as Berkshire Hathaway CEO?
Billionaire businessman Warren Buffett, 94, announced he would step down as the CEO of the multinational conglomerate Berkshire Hathaway at the end of this year. Buffett has run the company since 1965, and yet the reactions to the announcement at the annual shareholders' meeting on Saturday (May 3) included 'surprise' and 'shock', according to many media reports. That is because Buffett has long become synonymous with the brand and is an American business icon himself. For decades, he led a company that owns a diverse set of assets, including railroads and the battery-maker Duracell. It made huge investments in the likes of Apple and Coca-Cola, earning him the moniker ' Oracle of Omaha', referring to his hometown in the state of Nebraska, US. Buffett said that Greg Abel, Vice Chair of Non-Insurance Operations and Chair of Energy at the company, will take over by the end of the year. A BBC report said, 'Mr Abel, sitting next to Mr Buffett on stage, was apparently caught unaware by the announcement.' Here is why the change of guard is making waves, and what is known about Abel, as he prepares to follow one of the most well-known names in business, and lead the $1.18 trillion conglomerate. 01 Working-class background Gregory Edward Abel was born in Edmonton, in the Canadian province of Alberta, on June 1, 1962, to a working-class family. Working odd jobs, he cleaned discarded bottles and filled fire extinguishers, according to the Horatio Alger Association of Distinguished Americans, a non-profit that honoured Abel in 2018. Upon graduating from the University of Alberta, he worked at the consulting firm PricewaterhouseCoopers and the energy firm CalEnergy. He joined Berkshire Hathaway Energy, then known as MidAmerican Energy, in 1992, which Berkshire later took over. 02 Significant role, years in making Among other things, Abel oversees several chemical, industrial and retail operations. Within the last year, he has also taken over some of Buffett's capital allocation responsibilities. Buffett said last year he would also want Abel to have final say on decisions regarding Berkshire's portfolio of public stocks. Many executives who work with Abel call him a perceptive questioner who closely scrutinises financial metrics and wants to closely understand the businesses and how they're run. His name has been floated for a while now, as speculation around Buffett's successor grew. In 2015, then company Vice Chairman Charles Munger, who was an early collaborator of Buffett, said, 'His successors would not be 'of only moderate ability'. For instance, Ajit Jain and Greg Abel are proven performers who would probably be under-described as 'world-class''. Munger passed away in 2023. Jain, 73, is of Indian-origin and an alumnus of IIT Kharagpur. He is currently the Vice Chairman of Berkshire Hathaway. 03 Big shoes to fill The news was met with praise for Buffett at the end of his tenure. 'Warren Buffett represents everything that is good about American capitalism and America itself – investing in the growth of our nation and its businesses with integrity, optimism, and common sense,' said Jamie Dimon, CEO of JPMorgan Chase & Co. Tim Cook, chief executive of Apple, in a post on X, said: 'There's never been someone like Warren, and countless people, myself included, have been inspired by his wisdom. It's been one of the great privileges of my life to know him.' Explained: The rise of Berkshire Hathaway under Buffett In August 2024, Berkshire Hathaway attained a market capitalisation of $1 trillion, becoming the first non-tech company to do so. Its success has been chalked upto Buffett's business acumen, in particular. He was already a millionaire at the age of 30 in 1962. His stints as an investment analyst at his father's firm, Buffett-Falk & Co., in 1951-54, and as a securities analyst at Graham-Newman Corp. in 1955-56 were immensely successful. He met Munger in 1959. Together, the duo in 1965 would revitalise Berkshire Hathaway, a struggling textile company, first by using its earnings to fund other investments, and then as a brand that would become a holding company. One of the key strategies Buffett followed is called value investing. It involves selecting stocks that may be underestimated by the stock market. This is based on understanding the stock market's volatility, which results in 'overreactions' that may not indicate a company's long-term fundamentals. Value investors stand to profit by purchasing stocks at discounted prices and are generally long-term investors of high-quality companies. He sought out such companies that seemed to be underdogs in the field, experiencing a spot of trouble even as their business fundamentals remained sound. Thus, Berkshire came to acquire holdings in a diverse array of companies such as GEICO, Coca-Cola, Duracell and the World Book Encyclopaedia. He reversed his position on staying away from tech stocks in 2016, when he began buying Apple shares, driven by the devotion Apple users show to their devices and viewing the company itself as a 'moat,' a business that does not stand to lose its market share while open to growing profit margins.
