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Delaware Business Times
How the Right Partner Can Make Foreign Exchange a Less Foreign Concept
Touchstone Home Products has roots that originated 38 years ago and has since grown to be an industry leader in electric fireplaces, patio heaters, TV lift cabinets, and other home goods. The company has continually exceeded customer expectations, and as the business evolved, took an interest in electric fireplaces —...
Dover Kraft Heinz factory continues to rise
DOVER —The next time you enjoy a spoonful of Stove Top stuffing, you might want to give thanks to Delaware. The iconic stuffing mix – of which millions of boxes are reportedly sold each Thanksgiving – is one of the key product lines at the Kraft Heinz factory in Dover. “Our production lines are all.
Delaware unemployment rate flat as national rate drops
DOVER – Delaware’s unemployment rate remained flat for the fourth consecutive month in January, but the state’s number of jobseekers continues to push record highs, according to state officials. January saw a gain of 500 jobs and the loss of 900 jobseekers in the labor force, according...
DE222 Honoree: Leslie Shaffer
Alma Maters: University of Pittsburgh, John F. Kennedy University. Boards: Riverfront Wilmington Business Improvement District. Q&A: Favorite thing about Delaware? “The diversity of arts organizations.”. Leslie Shaffer came to the 44-year-old Delaware Contemporary, the state’s only contemporary art museum, in 2017 after having led Artspace in New Haven, Conn.,...
People on the Move: Mar. 8
People on the Move is a rundown of recent hirings, promotions, appointments and other notable movements by professionals in the state. If you’re interested in submitting an entry, please contact news@delawarebusinesstimes.com. Liberian President Joseph Nyumah Boakai appointed Jarso Maley Jallah, the associate vice president of student success at Delaware...
Beebe transitions billing to Ensemble Health Partners
LEWES — Beebe Healthcare will be transitioning its revenue collection and supply chain operations, affecting more than 260 employees in its network. Beebe President & CEO David Tam announced that the health care system has signed an agreement with Ensemble Health Partners to manage the revenue cycle department, or the area that handles the financial.
Chemours audit finds execs violate ethics code
WILMINGTON — Chemours’ internal audit has found that three executives, including CEO Mark Newman, violated the company’s ethics code to alter the appearance of cash flow targets dating back to the end of 2022. The company, famed for making Teflon, announced late Wednesday night that the audit...
DE222 Honoree: James Ray Rhodes
Alma Maters: Temple University, Wesley College, Hampton University. Boards: Kingswood Community Center, REACH Riverside, Ebony Tie Affair, Cornerstone Fellowship Baptist Church, MC917 (Monday Club Non-Profit Arm), City of Wilmington Licenses & Inspections Review Board. Q&A: What’s something interesting about you that isn’t on your resume? “I collect miniature owls, pens,...
State Chamber announces 2024 Superstars in Education & Training honorees
WILMINGTON – A skilled and educated workforce draws businesses to Delaware and encourages existing businesses to stay and expand here. Whether college-bound or preparing for a technical or trade job, individuals need to be equipped with the knowledge and skills to be successful. Superstars in Education and Training seeks to celebrate innovative programs that contribute to developing the state’s workforce—of today and tomorrow.
DE222 Honoree: Kate Ransom
Alma Maters: Yale University School of Music, University of Michigan. Q&A: What was your first job? “Violinist in the Nashville Symphony Orchestra for two years during high school.”. Acclaimed chamber violinist, artistic director, and teacher Kate Ransom has also served as the president and CEO of the Music School...
Agilent names veteran exec. McDonnell as next CEO
WILMINGTON — Padraig McDonnell, a longtime Agilent Technologies executive and a veteran of the scientific-instrument industry, has been named as the next CEO of Agilent. Currently the president of Agilent CrossLab Group, McDonnell has roots in the company dating back to the company’s predecessor Hewlett-Packard Co. in 1998. He was instrumental in driving service and sales growth in Europe, the Middle East, Africa and India.
ILC Dover continues manufacturing legacy with space living fabric
ILC Dover is still in the space game, but instead of helping pioneer the spacesuit materials needed for some of the first forays into the great unknown, it’s now helping create the foundation of a space habitat that could someday usher in a new way of living and working. Employees from the company’s Frederica location.
VIEWPOINT: International competition locks on U.S. biotech Industry
The headline “Saudi Arabia launches plan to become biotech hub by 2040,” recently caught my eye – a report that might once have been derided, the oil rich desert kingdom’s life science ambitions are no joke. According to the article, “the National Biotechnology Strategy will advance...
Carney touts economic wins, game plan in final address
DOVER — For the last time, Gov. John Carney delivered a State of the State address Tuesday that celebrated major economic wins during his time in office. But it also marked a rare sight: protestors interrupting the governor’s speech. Delayed from January, Carney’s speech before senators and representatives...
Delaware biotech companies face ‘careful navigation’ to success
A patient once told Kris Vaddi that they waited outside for the FedEx truck to stop and make a delivery of extremely precious cargo: a drug treatment. “She would wait for the delivery so she could put it in her arm and just look at it, thinking ‘this is going to change my life,’” he.
DE222 Honoree: Pam Manocchio
Alma Mater: Hartt School of Music, University of Hartford. Q&A: What’s something interesting about you that isn’t on your resume? “I am also a musician. I play flute and direct the handbell choir at my church, Chester Bethel UMC.”. Following the retirement of Executive Director Mark Fields...
Italian Baker Anthony Serpe dies at 87
It’s been years since the culinary skills of Anthony Serpe filled the longtime Italian bakery’s shelves, but the recent loss of this second-generation baker has been felt deeply by those who knew and loved him through his work, family and commitment to community. Anthony Serpe Sr., who retired...
Springboard Collaborative takes aim at homelessness
GEORGETOWN – About a year ago, the Springboard Village opened 40 small cottages in Georgetown, each with heating and air conditioning as well as comprehensive care and meals. Today, that project launched by the Springboard Collaborative, has helped more than 90 people who have left the village since — and many have found housing outside the village or jobs on their own.
Compact Membrane Systems to expand lab space
With plans to expand its membrane manufacturing, Compact Membrane Systems (CMS) Inc. is investing in a new $3.1 million laboratory and plans to add 50 technology workers in the next three years. The new lab will be built near Wilmington University at Reads Way. CMS officials told the Delaware Business...
Bank of America to move Wilmington jobs out of city
WILMINGTON — Bank of America, one of the top banking companies that held a strong foothold in Delaware’s largest city, will be moving out of the final building it still holds in the Bracebridge complex. Bank of America will be relocating 500 employees from Wilmington to its Deerfield Campus in Pike Creek or to its.
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