Latest news with #Ohio-based
Yahoo
3 hours ago
- Business
- Yahoo
Investment firm to pair carrier Koleaseco with Hyway Trucking
Investment firm OneCompass Holdings announced it has entered into an agreement to acquire dryvan and temperature-controlled carrier Koleaseco, Inc. Financial terms of the transaction were not provided. The deal is expected to close on Aug. 22. Hudsonville, Michigan-based Koleaseco is listed with 128 power units and 148 drivers, according to the FMCSA's database. The company also has a full-service brokerage offering for shippers in the U.S. and Canada. OneCompass plans to roll the assets of Koleaseco under another one of its portfolio companies, Dublin, Ohio-based Hyway Transportation. Once the deal closes, Koleaseco will operate under the Hyway Trucking banner. 'We're excited to welcome the employees and customers of Koleaseco to the OneCompass family and the Hyway Transportation platform, said OneCompass Chairman and CEO Matt Hartman in a news release. 'Their team and capabilities are a great addition to the Hyway network and will play a key role in speeding up our shared vision for national growth. We're especially pleased to integrate their people into our employee ownership model, where they can help shape the future and share in the success they contribute to.' The combination will allow both fleets to better compete on a national scale. Hyway is also an asset-based carrier that specializes in dryvan and temperature-controlled freight. It is listed with 130 power units. Hyway is a subsidiary of FST Logistics, another OneCompass portfolio company. 'I'm confident this transition will create meaningful opportunities for our team and carry forward the legacy of service and integrity that has defined Koleaseco for more than 30 years,' said JP Koop, owner of Koleaseco. More FreightWaves articles by Todd Maiden: Losses mount at Pamt, TL unit posts 112.5% OR Saia beginning to shake off growing pains Heartland Express books another loss in Q2 The post Investment firm to pair carrier Koleaseco with Hyway Trucking appeared first on FreightWaves. 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
Hindustan Times
6 hours ago
- Business
- Hindustan Times
India-born Shailesh Jejurikar to be next CEO of FMCG giant Procter & Gamble
American FMCG major Procter & Gamble Company has named India-born Shailesh Jejurikar as its next chief executive officer, who will lead the consumer goods multinational from January 1, 2026. Shailesh Jejurikar is serving as COO of P&G for over last six years; will take up CEO role from Jan 1.(Photo: P&G) Jejurikar (58), who joined Procter & Gamble (P&G) as an assistant brand manager in 1989, will replace Jon Moeller as part of a top leadership transition, according to a statement from the Cincinnati, Ohio-based company. He is serving as chief operating officer of P&G for over last six years and is also a board member of vertical transportation systems maker Otis Elevator Co. "Shailesh succeed Jon Moeller as Procter & Gamble's President and Chief Executive Officer, effective January 1, 2026. The Board has also nominated Jejurikar to stand for election as a Director at the annual shareholder meeting in October 2025," a statement from P&G said. He helped build several of P&G's core businesses, including global Fabric Care and Home Care in regions including North America, Europe, Asia and Latin America. He has also helped lead the development of the company's renewed strategies and operational results in the Supply Chain, Information Technology and Global Business Services. P&G is a leading FMCG company in India market also, operating with brands including, Ariel, Tide, Whisper, Olay, Gillette, Ambipur, Pampers, Pantene, Oral-B, Head & Shoulders and Vicks. Jejurikar, an alumnus of IIM Lucknow, is the latest to join an elite league of India-born C-suite executives at global giants. Earlier this month, Moradabad-born Sabih Khan was elevated to the position of chief operating officer of iPhone maker Apple. Khan, who will still have Apple CEO Tim Cook as his leader, will take over his new role from Jeff Williams later this month, rising through the ranks after being at Apple for 30 years and joining the executive team as senior vice president of operations in 2019. Satya Nadella is the Chairman and CEO of Microsoft, while Sundar Pichai is the CEO of both Google and its holding company Alphabet. Shantanu Narayen, Chair and Chief Executive Officer of Adobe, one of the largest software companies in the world and Arvind Krishna, Chairman, President and CEO of IBM, are among those active pole bearers. Joining them are Vasant Narasimhan, the CEO of global pharma major Novartis, and Reshma Kewalramani, CEO and President of global biotech major Vertex. Similarly, Sanjay Mehrotra, Chairman, President and CEO at Micron Technology; Anirudh Devgan, President and CEO of Cadence, and Leena Nair, Global CEO of Chanel, are among the other significant active members. Sanjiv Kataria, the ex-CEO of Bata, held the distinction of being the first Indian global CEO of the footwear major. He resigned from the post last month. Likewise, Laxman Narasimhan, who parted ways with Starbucks last year after serving as its CEO, had also led another multinational giant Reckitt Benckiser as CEO. Indra Nooyi who stepped down as CEO of foods and beverages major PepsiCo in 2018 after leading the company for 12 years and serving it in various roles for 24 years and Harish Manwani who became the first Chief Operating Officer of FMCG major Unilever in 2011, paved the way for India-born executives to head global companies.
Qatar Tribune
10 hours ago
- Sport
- Qatar Tribune
Muller set for Vancouver Whitecaps move after Cincinnati deal: Report
dpa Munich Former Bayern Munich icon Thomas Müller is set to sign for MLS side Vancouver Whitecaps, according to media reports in Germany and Canada. Germany's Bild tabloid reported that the Canadian side has reached an agreement with league rivals FC Cincinnati, who hold the right of first refusal for the 2014 World Cup winner under the MLS Discovery Rights system. The report said Vancouver will pay the Ohio-based team around ?400,000 ($460,000) over the next 12 months for the right to land Müller. Müller is expected to sign his contract in Vancouver on August 1 and could make his first appearance for the side on August 10 against the San José Earthquakes. Canadian newspaper The Province earlier reported that the Whitecaps' effort to sign the 35-year-old was 'not done but close.' According to recent reports, MLS bosses have sought to push for a deal between the clubs because they fear that the transfer would otherwise fail, losing a potential figurehead for the league. Each franchise can place up to seven players on its discovery list, which are often not made public. However, teams can trade or sell Discovery Rights to a player if the holding club cannot reach a deal. 'Contract terms have been agreed between the team and player,' The Province said. 'Now it's simply down to the terms of his rights moving from Cincinnati to Vancouver.' According to reports, Müller did not want to move to Cincinnati. Neither the clubs nor the player have commented on the reports. Müller left Bayern this summer after 25 years of service, having failed to receive a new contract from the German record champions. On Saturday, he hinted at a move to the MLS in a cowboy-themed video in which he rode a horse on what appeared to be an open plain.
The Star
11 hours ago
- Business
- The Star
Procter & Gamble replaces Moeller with COO
Moeller will become executive chairman and 'provide advice and counsel to the new chief executive officer on company matters,' P&G said. — Reuters NEW YORK: Procter & Gamble (P&G) chief executive Jon Moeller is stepping away from the top job after four years in the role, and the consumer goods giant says he will be succeeded by chief operating officer (COO) Shailesh Jejurikar. Moeller will become executive chairman and 'provide advice and counsel to the new chief executive officer (CEO) on company matters,' P&G said in a statement on Monday, a day before it was scheduled to report its quarterly results. The company did not disclose the reason for the change in leadership in its statement. However, P&G chief communications officer Damon Jones told Reuters Moeller's departure was part of a planned and orderly transition put in place by the board. There were no health concerns leading to Moeller's departure, he said. The Cincinnati, Ohio-based company has a history of relatively short CEO terms, dating back to the mid-1990s. Moeller's predecessor David Taylor was CEO for six years, two of which were during the Covid pandemic when consumer goods companies faced product shortages and supply chain snags. Taylor then served as executive chairman of the board. Under Moeller, the company navigated a post-pandemic sales boom, as well as rising expenses and sticky inflation. P&G shares gained roughly 13% during his four-year tenure, in line with the S&P 500 index. The company, which makes Pampers diapers and Head & Shoulders shampoo, in April warned of higher product prices due to an increase in input costs from the trade war at a time of weakening consumer spending. Its stock is down about 6% so far this year. In June, the company said it would cut 7,000 jobs over the next two years and exit some product categories and brands in certain markets, including some potential divestitures, as part of a broader two-year restructuring plan. 'It might not mean much to the outlook since they're promoting from within,' said Brian Jacobsen, chief economist at Annex Wealth Management, which holds P&G shares. 'This could be more like the passing of the baton in a long race rather than shaking things up.' Jejurikar's appointment, effective Jan 1, 2026, keeps up with P&G's preference for naming internal candidates for the top job. Moeller had also risen through the ranks before becoming the COO and then CEO of the company. The board has nominated Jejurikar as a director at the annual shareholder meeting in October 2025. Jejurikar has held roles across multiple P&G businesses, including Health & Beauty Care and P&G Professional. Prior to his current role, he was the head of P&G's Fabric & Home Care, which includes brands such as Tide, Ariel and Downy. — Reuters
USA Today
11 hours ago
- Sport
- USA Today
Connor Stalions counters Jack Sawyer's accusations, proves Michigan's 2022 win was legit
1. Jack is saying Ohio St never ran a Slot YY formation all year (pull up any of their games on YouTube and you'll see them run that look).2. Their signal for this play was:- The letter 'Y' (TE in 99% of offenses)- The Delay of Game signSo 'Y Delay.' 🤔 Wonder what this… Former Ohio State edge rusher Jack Sawyer is talking about Michigan football again, and he cannot fathom how or why the Buckeyes lost in 2022. As the national (although becoming more Ohio-based) narrative that the only reason why the Wolverines have beaten OSU the past four years is because of 'cheating' with the Connor Stalions advanced scouting allegations, Sawyer and self-proclaimed Buckeye Nation keep putting out their side of the story, thinking it proves the point. However, as you'll soon see, it does nothing of the sort. "I'll tell you this: I think they beat us straight up last year, obviously, and the year before," Sawyer said on a podcast. "But my sophomore year, we left the field like, 'This feels weird.' We lost by double digits and I felt like we beat the (expletive deleted) all game. We ran a screen pass that we had never put in. Not the formation, not the look. Anything. And then like, you see him (Stalions) on the sideline, they're doing it. And we changed it, we audible to it, whatever. We run it. All the D-linemen, as soon as the ball is snapped, the linebackers, everybody, they sniffed it out. "We ran a tight end screen from the 25-yard line going in, and they snuff it out." This came to light on Monday, but last fall, Stalions appeared on the Bussin' with the Boys podcast and explained how he knew the exact play that OSU was running without even knowing the play itself. Because football is still football, and if your sign is easy to decipher -- as this was -- then it will be deciphered. "Here's the bottom line of how can you be so good in-game," Stalions said. "Slot YY. So I think they motion into slot YY. Their signal for the slot YY formation, and then the guy who was live the entire season signaled (visibly) Y-delay. Am I supposed to see that and be like, 'Oh, I don't know what this is!' I think this has got to be a Y-delay screen." Stalions had more to say about this exact clip, refuting Sawyer's version of events on X (formerly Twitter). Priceless. Of course, note that Sawyer plays on defense, so he doesn't exactly have a solid grasp of the offensive playbook for his team week in, week out. While we cannot confirm or deny Stalions' account, that OSU ran this play before, as a former analyst for Michigan football, he would know. What's more, if Ohio State had never run the play before, then how would Stalions have illegally stolen the signal as Sawyer insinuates? If his scheme was so pervasive, and his mom being in the crowd at a Purdue-Ohio State game with her phone was somehow responsible for a play and formation that Sawyer insists was never run before, how did Stalions actually decipher it, if not in-game? Make it make sense. Logic is not strong with this one. But it's another season, and though Sawyer is no longer in Columbus, he will live the rest of his life having never beaten Michigan. Thus, this certainly comes across as some kind of coping mechanism, if not outright denial.
