Latest news with #Reeder
Yahoo
30-05-2025
- Business
- Yahoo
Effingham school adding mobile classrooms, looking for other additions with potential $55 million bond
EFFINGHAM, Ill. (WCIA) — An Effingham Elementary School is getting four new mobile classrooms, and soon, all second graders will be learning on the same campus for the first time in years. Jessica Reeder, the principal at South Side Elementary, said one of the reasons for the expansion is because the district has grown over the years. For the last 14 years, second graders have been split between classrooms at South Side and classrooms at Central Grade School. Spaces like the mobile classrooms will change that. 'Our art classes will be housed out there, our music classes, our ELL classes and one special education classroom,' Reeder said. All students will be in the new, separate classrooms three days of each week. 'Now we're all here together. We're able to solve problems together but also maximize all of our resources,' Reeder added. Mahomet-Seymour rejects school district bond proposal But, growth isn't the only reason for the temporary expansion. In November's election, a referendum for a potential sales tax increase failed. Andrew Johnson, the district's superintendent, said the mobile classrooms were part of their 'backup plan' if the referendum failed. Now, the district is using $750,000 – $1 million from various funds to pay for the rented mobile classrooms. 'I'm a firm believer in investing in our future at the highest level. Our children are our future,' Johnson said. The school board also recently passed a $55 million bond resolution to possibly fund other projects, including a new building for students in kindergarten, first grade and second grade. Johnson said that the project itself would cost about $45 million, but keep students in one area instead of three separate buildings. Sarah Bush Lincoln to build new facility in Effingham Right now, the district is in a 'petition period,' Johnson explained. He expects to hear an answer about the bonds moving forward or not within the next 30 days. If they do, he said, people in Effingham could see an 8-13% property tax increase within the next year. It depends on how much the Equalized Assessed Value (EAV) goes up in the Effingham area. If it doesn't move forward, he said it'll be a ballot question on ballots in the spring of 2026. As construction continues outside of South Side, educators like Johnson and Reeder are staying positive as they look forward to welcoming students back in the new spaces starting in the fall. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
24-05-2025
- Politics
- Yahoo
Feds won't flood the Grand Canyon this spring. What that will mean for the Colorado river
Federal officials have rejected a plan to release floodwaters from Lake Powell to restore Grand Canyon beaches this spring, frustrating river advocates who question the government's commitment to protecting the canyon's environment. Glen Canyon Dam has impounded the Colorado River near the Arizona-Utah line since 1963, and with it the annual load of sand that natural snowmelt floods previously churned up onto beaches and sandbars in the Grand Canyon each year. The U.S. Bureau of Reclamation, working through a collaborative adaptive management program to make the most of what sand a smaller tributary still deposits below the dam, has flooded the canyon by opening the dam's bypass tubes 12 times since 1996. With repeated decisions not to open the floodgates even when the sand is available, some are questioning whether the Glen Canyon Dam Adaptive Management Program is preserving Grand Canyon's ecology and recreation as required under the Grand Canyon Protection Act of 1992. 'We are failing,' said Ben Reeder, a Utah-based river guide who represents the Grand Canyon River Guides on a technical work group that considers management options for the Reclamation Bureau. 'Deeply disappointed,' said Larry Stevens, a canyon ecologist who represents Wild Arizona and the Grand Canyon Wildlands Council on the work group. Reeder and Stevens were among advocates and state agency officials who reluctantly agreed to forego a flood last fall in favor of saving the sand for a more naturally timed springtime flood. Events over the winter would interfere with that plan. Reclamation officials said in April that they would recommend that new Interior Secretary Doug Burgum not authorize the flood because a National Park Service contractor was excavating in a slough downstream of the dam to disrupt its use as a spawning bed by non-native fish, including smallmouth bass. Work on relining the bypass tubes to protect their steel pipes also interfered. On Thursday, May 22, the agency announced that the decision against flooding was final. Invasive fish: Cold water shots into the Colorado River slow a bass invasion in the Grand Canyon Those who had anticipated a rejuvenating flood said they appreciate the need to protect native fish from voracious predators like the bass, but that there's too often some reason or another to reject bypassing the dam's hydropower turbines to send water downstream, a cost to the dam's power customers around the West. In 2021, for instance, the government declined to flood the canyon to prop up Lake Powell's water level. 'It just seems like looking for any excuse not to do one,' Reeder said. The default appears to be against flooding in any given year, he said, perhaps because the team that ultimately recommends for or against does not include environmentalists or recreationalists. 'It really kind of bothers me, honestly, that we talk about the Grand Canyon in these economic terms as if it's there for human consumption,' Reeder said. Fresh off a May river trip, Reeder said beach erosion is apparent throughout the canyon. Rains from last year's monsoon particularly battered one of his preferred camping beaches, at Stone Creek. 'We have a sand-starved system,' he said. Environmentalists prefer a spring flood over fall, because it best mimics the river's natural rhythm. Angler advocates also prefer spring, as it comes at a time that can better support a tailwater rainbow trout fishery, which has suffered in recent years as low water in Lake Powell led to a warming river. More than any flood, the trout need more water in the reservoir, pushing the warm surface farther from the dam intakes, said Jim Strogen, who represents Trout Unlimited in the adaptive management discussions. 'A deeper, colder lake is the best thing for that fishery,' he said. Shortages: Hobbs says Arizona will defend its Colorado River water, wants other states to accept cuts The floods cost perhaps $1 million or $2 million in lost hydroelectric production, according to Leslie James, who represents mostly rural and tribal power consumers in the program as executive director of the Colorado River Energy Distributors Association. Last year, when there was no major flood but the dam managers regularly pulsed cold water through the bypass tubes to keep the river inhospitable to bass spawning, the agency said the cost in lost power production was $19 million. The losses deplete a fund that pays for dam maintenance and environmental programs, James noted, and drawing more from that fund this year could cause delays in maintenance. 'We weren't asked our views on (a spring flood), she said, 'but if asked we would say that we always have concerns about bypassing hydropower generation.' James said a repeat of last summer's cool releases to combat bass seems unnecessary, as bass so far are generally restricted to the 15 miles below the dam and are not showing up dozens of miles downstream at the confluence with the Little Colorado River, a haven for native humpback chubs. Reclamation officials said they will decide in June whether to pulse cold water through the canyon this summer. The agency reported that last year's cool flows appeared to have worked, preventing any detectable growth in bass numbers by keeping the river mostly below 16 degrees Celsius — the temperature at which bass reproduce successfully — as far downstream as the Little Colorado. It also projected that without bypass flows this summer, temperatures in the river likely would rise above 16 degrees. A federal biologist working on chub conservation told The Arizona Republic it would not be surprising if bass reach the Little Colorado by fall and reverse gains in the native fish population that allowed the government to downlist the chub from endangered to threatened in 2021. The floods, achieved with blasts of water that jet across the canyon below the dam, can give the erroneous impression that water is lost downstream. In reality, while the floods do temporarily reduce Lake Powell's elevation, they do not harm irrigators or municipal water providers. Lake Mead captures the water on the Grand Canyon's west end and stores it for later use in Nevada, Arizona, California and Mexico. Want more stories about water? Sign up for AZ Climate, The Republic's weekly environmental newsletter Reclamation officials initially told participants in the adaptive management collaboration that a flood was unlikely in April, when Program Manager Bill Stewart said every attempt had been made to schedule it. When the groups and agencies had agreed to put off a flood last fall, he said, it had appeared there would be a window in May when both slough modifications and dam maintenance would be done. The plan was to flood the canyon for 60 hours, with a peak flow of 40,400 cubic feet per second, compared to routine flows in May ranging from 8,000 to 13,382 cfs. During the transition in presidential administrations, work in the slough was delayed, leading to heavy equipment remaining in the river corridor throughout the month. Dam maintenance also lasted into the timeframe when a flood was envisioned, leaving some of the bypass tube capacity unavailable. 'We really did make every effort to make this happen,' Stewart told flood advocates tuning in to April's virtual meeting. Some participants, including Arizona Game and Fish Department biologist David Rogowski, said the program needs to improve its scheduling. 'We need to be better about planning for the future,' Rogowski said. 'We aren't doing (a spring flood) because of poor planning.' Stevens agreed, saying Reclamation should incorporate planned floods into its routine maintenance schedule. A river scientist who previously led the U.S. Geological Survey's Grand Canyon research team said the Reclamation Bureau's continuing trend of skipping opportunities to flood the canyon jeopardizes Grand Canyon National Park's sandbars — a feature he said is as vital to the park's natural environment as the sandstone walls looming above the river. 'It is disturbing that sand bars always come out second,' said Jack Schmidt, a Utah State University researcher and former head of the Grand Canyon Monitoring and Research Center. 'It's removing an entire landscape element.' Brandon Loomis covers environmental and climate issues for The Arizona Republic and Reach him at Environmental coverage on and in The Arizona Republic is supported by a grant from the Nina Mason Pulliam Charitable Trust. Follow The Republic environmental reporting team at and @azcenvironment on Facebook and Instagram. This article originally appeared on Arizona Republic: Grand Canyon advocates lament lack of environmental flows this spring
Yahoo
13-05-2025
- Business
- Yahoo
Chewy CFO resigns; looks to return to semiconductor industry
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Chewy Inc. CFO David Reeder will depart the company in several months in order to take on a CEO position in the semiconductor industry, the online pet retailer said in a Monday press release and securities filing. Reeder will depart the pet retailer at an undetermined date, according to the company's filing with the Securities and Exchange Commission. However, he will remain in his role as finance chief through the company's next earnings report in June, when Chewy is set to report results for its fiscal Q1 of 2025, CEO Sumit Singh said in a statement included in the release. Reeder will also 'assist with an orderly transition' as the company begins a search for his successor, Singh said. The Plantation, Florida-based company did not name the semiconductor firm Reeder will be heading as CEO. The move is a return to familiar grounds for the CFO. Prior to taking on the top financial seat for Chewy in February 2024, Reeder served as finance chief for semiconductor manufacturing company GlobalFoundries. His past experience also includes serving in various CEO, CFO and executive roles for companies including Tower Hill Insurance, Lexmark, and EFI, according to his LinkedIn profile. Reeder's departure after just a little over a year in the CFO seat follows after the pet retailer reported rising active customer numbers and net sales for its full-year 2024, despite its stock value wobbling after catching the attention of 'meme stock' trader, Keith Gill. Gill — also known as Roaring Kitty — became Chewy's third-largest shareholder last July, amassing a 6.6% stake in the company before offloading all of his shares in the online pet retailer in October, AP News reported at the time. Gill was a key player in the GameStop 2021 short squeeze, with the trader expressing his belief that GameStop's then-chairman Ryan Cohen, would be able to modernize the company, AP reported. Cohen, who currently serves as GameStop's chairman and CEO, co-founded Chewy in 2011 before selling the company in 2017 for $3.3 billion, according to a 2023 report by Business Insider announcing his appointment to GameStop's CEO seat. For its full-year 2024, Chewy reported a 6% YoY jump in net sales to reach $11.8 billion, according to its earnings presentation. Its sales were supported by strong active customer growth, with Chewy ending the year with 20.5 million active customers — "marking our first year-over-year growth in eight quarters,' CEO Singh said during the company's earnings call according to a transcript. In the Monday statement included in the press release, Singh credited Reeder's 'contributions during his time at Chewy, and thanked the CFO 'for his leadership as we advanced our strategic, long-term growth initiatives.' The company is also reaffirming its guidance for its Q1 2025, Singh said, which Chewy is expected to report on June 11. For the quarter, the retailer is anticipating net sales between $3.06 billion to $3.09 billion, which would represent between 6% to 7% growth year-over-year, according to its 2024 full-year earnings presentation published in March. Chewy did not immediately respond to requests for comment. Sign in to access your portfolio
USA Today
12-05-2025
- Sport
- USA Today
Wisconsin football beats several Big Ten rivals for commitment from 2026 linebacker
Wisconsin football beats several Big Ten rivals for commitment from 2026 linebacker Wisconsin football landed a commitment from class of 2026 linebacker Aden Reeder on Monday. Reeder chose the Badgers over top contenders Iowa and Michigan State, according to 247Sports. His offer sheet also includes Minnesota, Cincinnati, Boston College, Indiana, Maryland, Virginia and West Virginia. 247Sports lists Reeder as a three-star prospect. It specifically ranks him as the No. 601 overall player in the class, the No. 51 linebacker and the No. 25 recruit from the state of Ohio. The service reports only one scheduled official visit: to Madison, Wisconsin, on June 6. The Cincinnati, Ohio, native is the Badgers' seventh commitment in the class of 2026. He is that group's second-highest-ranked recruit, behind only three-star defensive lineman Carmelow Reed. The class ranked in the mid-40s nationally before Reed's addition, though that standing is sure to rise. Luke Fickell and his staff are still looking for their first blue-chip commitment of the 2026 cycle. The program is fresh off consecutive top 25 finishes in the 2024 and 2025 classes. While it has yet to deliver the same success in the current cycle, opportunities for key commitments are right around the corner during the summer months. Contact/Follow @TheBadgersWire on X (formerly Twitter) and like our page on Facebook to follow ongoing coverage of Wisconsin Badgers news, notes and opinion
Business Wire
12-05-2025
- Business
- Business Wire
Entegris Announces CEO Succession Plan
BILLERICA, Mass.--(BUSINESS WIRE)--Entegris, Inc. (NASDAQ: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries, today announced that Bertrand Loy will retire as President and Chief Executive Officer after 13 years in those roles, effective August 18, 2025. David Reeder will succeed Mr. Loy as President and CEO at that time. Mr. Reeder currently serves on the Entegris Board of Directors and will continue to do so as CEO. Mr. Loy will serve as Executive Chair of the Board through the end of the second quarter of 2026 to facilitate a smooth transition. Mr. Reeder brings to his new role a unique combination of financial and operational leadership experience with large public companies, including extensive semiconductor industry expertise. He most recently served as CFO of Chewy Inc., and previously in leadership roles at global semiconductor companies, including as CFO of GlobalFoundries and in senior roles at Texas Instruments and Broadcom. Mr. Reeder was also CEO at Lexmark International and at Tower Insurance Group. 'Entegris has been my professional home for two decades, and I make the decision to retire not only with enormous gratitude for the opportunity to serve as its CEO, but similarly with confidence in the Company's future,' Mr. Loy said. 'We have accomplished a great deal over the last 13 years, in particular making strides in broadening our technology portfolio, expanding our global infrastructure and creating significant shareholder value. I am proud of our achievements, but I am equally excited about the tremendous opportunities ahead for Entegris. Our global team is Entegris' true competitive advantage, and I know they will continue to bring great value to our customers and shareholders.' Mr. Loy continued, 'I have had the pleasure to get to know Dave well in his role on Entegris' Board. He is an incisive thinker and a decisive leader, with a deep understanding of our technology and the applications we serve, and a strong sense of the priorities that are meaningful for our stakeholders, including and especially our shareholders. I look forward to working closely with Dave during the transition and continuing to support him in my role as Executive Chair.' 'Bertrand's vision and leadership have shaped Entegris into the global industry leader it is today,' said James F. Gentilcore, Lead Independent Director, Entegris Board. 'Under his leadership and through a rapidly evolving technological and geopolitical landscape, Entegris' revenue and market capitalization grew nearly five times and over 10 times, respectively. On behalf of the Board, I want to express our immense gratitude for his two decades of service, his continued commitment to the Company, and the solid foundation he leaves behind.' Mr. Gentilcore continued, 'The Board recognizes that succession planning is one of its most critical duties. After careful consideration of internal and external candidates, we are confident that Dave is the ideal leader for this moment in Entegris' evolution. Dave has semiconductor industry expertise and proven global leadership capabilities, as demonstrated both through his career accomplishments and his contributions within our boardroom. We are confident that having Dave take on the CEO role is the right decision for the business as we continue our efforts to elevate Entegris to the next level of excellence and outperform our competition.' 'I am grateful for the Board's confidence in me to lead Entegris into its next phase of growth,' Mr. Reeder said. 'As a director, I have seen firsthand the organization's commitment to continuous improvement, creativity and the quest for excellence in all we do. These are values that speak to me on a personal and professional level, and I am eager to work with the team to build on this strong culture, capture the opportunities ahead of us, and deliver compelling value for our shareholders, customers, and our employees.' About David Reeder Mr. Reeder is a seasoned executive with considerable experience as both a CEO and CFO, bringing more than 20 years of semiconductor expertise across IDMs, fabless, foundry, systems and component companies. His most recent semiconductor experience was at GlobalFoundries Inc. (GFS), where as CFO he spearheaded the Company's IPO, the largest ever semiconductor IPO at the time. At GFS, Mr. Reeder also oversaw critical functions including operations, supply chain, procurement and IT. A globally focused leader, he has spent over a decade abroad working in Asia and Europe, driving semiconductor innovation and growth. He has a Bachelor's in Chemical Engineering from the University of Arkansas and a Masters of Business Administration from Southern Methodist University. About Entegris Entegris is a leading supplier of advanced materials and process solutions for the semiconductor and other high-tech industries. Entegris has approximately 8,000 employees throughout its global operations and is ISO 9001 certified. It has manufacturing, customer service and/or research facilities in the United States, Canada, China, Germany, Israel, Japan, Malaysia, Singapore, South Korea, and Taiwan. Additional information can be found at Cautionary Note on Forward-Looking Statements This news release contains 'forward-looking statements.' The words 'believe,' 'expect,' 'anticipate,' 'intend,' 'estimate,' 'forecast,' 'project,' 'should,' 'may,' 'will,' 'would' or the negative thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are based on current management expectations and assumptions only as of the date of this news release. They are not guarantees of future performance and they involve substantial risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. These risks and uncertainties include, but are not limited to, disruptions to our business, including our retention efforts and relationships with external stakeholders due to the changes in our senior management; challenges in attracting and retaining qualified personnel; the Company's ability to effectively implement any organizational changes; and other matters. These risks and uncertainties also include, but are not limited to, the risk factors and additional information described in the Company's filings with the U.S. Securities and Exchange Commission (the 'SEC'), including under the heading 'Risk Factors' in Item 1A of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed on February 12, 2025, and in the Company's other SEC filings. Except as required under the federal securities laws and the rules and regulations of the SEC, the Company undertakes no obligation to update publicly any forward-looking statements or information contained herein, which speak only as of their respective dates.
