Latest news with #NorthCarolina-based
Fashion Network
3 hours ago
- Business
- Fashion Network
Kontoor Brands reports leadership role expansion on COO departure
Kontoor Brands on Tuesday announced that Jenni Broyles and Joseph Alkire will assume expanded roles on the U.S. denim company's executive leadership team, effective immediately. The Greensboro, North Carolina-based company said Broyles has been promoted to the role of executive vice president, chief commercial officer & global head of brands, where she will assume leadership responsibility for all international and commercial operations for the Lee and Wrangler brands. Likewise, Alkire has been promoted to the role of executive vice president, chief financial officer & global head of operations, and will oversee all of Kontoor's supply chain operations. Both executives will report to Kontoor's president, chief executive officer and chairman, Scott Baxter. The Helly Hansen business will continue reporting to Baxter, according to a press release. 'Jenni and Joe have earned these expanded roles through proven performance and strategic leadership, a testament to the depth of talent we are cultivating at Kontoor Brands,' said Baxter. 'This leadership team has the vision and expertise to guide Kontoor's strategic evolution as we expand our portfolio of brands, accelerate growth and continue to deliver long-term value for our shareholders.' Coinciding with the news, Tom Waldron, executive vice president and chief operating officer, will exit Kontoor Brands after a transition period that will conclude September 30. "I want to recognize and express my gratitude to Tom for his more than six years of leadership at Kontoor as well as his time at our predecessor company,' concluded Baxter. 'Tom has played an important role in our company, and we wish him well in his future endeavors." In its most recent trading update in May, the parent of Lee and Wrangler brands said sales decreased 1 percent to $623 million in the first quarter, on the back of declines in global wholesale.
Fashion Network
3 hours ago
- Business
- Fashion Network
Kontoor Brands reports leadership role expansion on COO departure
Kontoor Brands on Tuesday announced that Jenni Broyles and Joseph Alkire will assume expanded roles on the U.S. denim company's executive leadership team, effective immediately. The Greensboro, North Carolina-based company said Broyles has been promoted to the role of executive vice president, chief commercial officer & global head of brands, where she will assume leadership responsibility for all international and commercial operations for the Lee and Wrangler brands. Likewise, Alkire has been promoted to the role of executive vice president, chief financial officer & global head of operations, and will oversee all of Kontoor's supply chain operations. Both executives will report to Kontoor's president, chief executive officer and chairman, Scott Baxter. The Helly Hansen business will continue reporting to Baxter, according to a press release. 'Jenni and Joe have earned these expanded roles through proven performance and strategic leadership, a testament to the depth of talent we are cultivating at Kontoor Brands,' said Baxter. 'This leadership team has the vision and expertise to guide Kontoor's strategic evolution as we expand our portfolio of brands, accelerate growth and continue to deliver long-term value for our shareholders.' Coinciding with the news, Tom Waldron, executive vice president and chief operating officer, will exit Kontoor Brands after a transition period that will conclude September 30. "I want to recognize and express my gratitude to Tom for his more than six years of leadership at Kontoor as well as his time at our predecessor company,' concluded Baxter. 'Tom has played an important role in our company, and we wish him well in his future endeavors." In its most recent trading update in May, the parent of Lee and Wrangler brands said sales decreased 1 percent to $623 million in the first quarter, on the back of declines in global wholesale.
Fashion Network
3 hours ago
- Business
- Fashion Network
Kontoor Brands reports leadership role expansion on COO departure
Kontoor Brands on Tuesday announced that Jenni Broyles and Joseph Alkire will assume expanded roles on the U.S. denim company's executive leadership team, effective immediately. The Greensboro, North Carolina-based company said Broyles has been promoted to the role of executive vice president, chief commercial officer & global head of brands, where she will assume leadership responsibility for all international and commercial operations for the Lee and Wrangler brands. Likewise, Alkire has been promoted to the role of executive vice president, chief financial officer & global head of operations, and will oversee all of Kontoor's supply chain operations. Both executives will report to Kontoor's president, chief executive officer and chairman, Scott Baxter. The Helly Hansen business will continue reporting to Baxter, according to a press release. 'Jenni and Joe have earned these expanded roles through proven performance and strategic leadership, a testament to the depth of talent we are cultivating at Kontoor Brands,' said Baxter. 'This leadership team has the vision and expertise to guide Kontoor's strategic evolution as we expand our portfolio of brands, accelerate growth and continue to deliver long-term value for our shareholders.' Coinciding with the news, Tom Waldron, executive vice president and chief operating officer, will exit Kontoor Brands after a transition period that will conclude September 30. "I want to recognize and express my gratitude to Tom for his more than six years of leadership at Kontoor as well as his time at our predecessor company,' concluded Baxter. 'Tom has played an important role in our company, and we wish him well in his future endeavors." In its most recent trading update in May, the parent of Lee and Wrangler brands said sales decreased 1 percent to $623 million in the first quarter, on the back of declines in global wholesale.
San Francisco Chronicle
a day ago
- Business
- San Francisco Chronicle
Nucor: Q2 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — Nucor Corp. (NUE) on Monday reported second-quarter net income of $603 million. The Charlotte, North Carolina-based company said it had net income of $2.60 per share. The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.62 per share. The steel company posted revenue of $8.46 billion in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $8.41 billion. _____
Time Business News
a day ago
- Business
- Time Business News
Choosing the Right Mold Supplier Boosts Packaging Growth
Injection mold companies have become a backbone of manufacturing success in various industries, including packaging. The companies in the sector need custom mold fabrication for the packaging industry, as in other sectors, including automotive components, aerospace, construction, and medical devices. This is because molds determine the product's success in satisfying crucial parameters of precision, efficiency, and scalability. They make mass production of complex-shaped products easier with due quality across thousands of units. This explains the importance of a reliable mold-making partner, as in custom mold makers in McDowell County, for a manufacturing business. The demand for high-quality, custom molds is increasing exponentially. The acclaimed custom mold makers deliver precision-engineered mold solutions suiting the needs of various industries. The injection molds supplied by them form the basis for intricate parts necessary in various high-performance areas. In this context, North Carolina-based Brown Tool & Mold is worth mentioning for its evolution as a top player in custom molding, offering design and manufacture of world-class injection molds. It caters to many industries, including packaging and medical devices. The high-capacity plants of the company handle large orders from corporate clients and are well equipped with the best tooling and specialized equipment like CNC machines, electrical discharge machines, and high-precision grinding machines in the machine fleet. Mold making Engineering and design Machining and metal 3D printing The seasoned mold injection companies closely follow the client brief to do the custom mold for the fabrication industry. They gather the correct product specifications and make the mold plans after studying the detailed CAD models and drawings. The custom mold supplier will ensure clarity on the packaging design, dimensions, complexity, critical tolerances, and surface finish requirements to optimize the quality of custom molds. The custom mold makers in McDowell County take the call on the mold's material depending on the product's use. They finalize the resin materials from PP, PET, HDPE, and PC depending on the required properties such as strength, heat resistance, chemical resistance, regulatory compliance, etc. At the end of the day, the mold design depends on the material chosen. For the packaging sector, the intended use of the packaging is very important. The mold supplier must know whether the packaging is for food, chemicals, or electronics and pick the suitable material. This ensures that the design has maximum safety and durability to enhance the quality. In short, the choice of the mold-making company will define the final quality of a product. The demonstrated capability for Design for Manufacturability (DFM), aligning all requirements of the final product for international quality without issues like warping, sink marks, or short shots, is very important. TIME BUSINESS NEWS
