Affinia Group Names David Sturgess As Senior VP, Secretary And General Counsel

first_img“We couldn’t be more excited to have David on board with us,” said Keith Wilson, president and chief executive of Affinia. “With the move of Affinia’s headquarters to North Carolina, David’s significant experience in both private practice and in-house will make him a key asset to our company. David’s proven dedication to his community will be a perfect fit to our team, which already has a strong culture of kindness, friendship and community involvement.” “I am thrilled to join Affinia Group and become a member of a great international team that is highly respected both inside and outside its industry,” said Sturgess. “The company has an impressive history and an exciting future.  I welcome the opportunity to contribute to its continued success.” Previously, Sturgess was a partner at Updike, Kelly & Spellacy, a Hartford, Conn., law firm with three offices. During his 26-year tenure, Sturgess held positions as managing partner, treasurer and board member, as well as chair of business law practice group and venture capital and emerging companies subpractice group. He managed a diverse client base requiring a broad range of practice disciplines, including mergers and acquisitions, securities, international commercial transactions and debt and equity financings. He began his career with Day Pitney, also in Hartford, as an associate in the tax and corporate practice groups. Sturgess, who will become part of Wilson’s executive leadership team, brings more than 30 years of experience as an attorney in corporate environments and in private practice. He comes to Affinia from ReCommunity Recycling, the largest pure play recycling company in the United States. At Charlotte-based ReCommunity, he headed all legal activities, including mergers and acquisitions, debt and equity financings, real estate leasing, intellectual property, contracts and compliance and litigation. GASTONIA, N.C. – David Sturgess has been appointed senior vice president, secretary and general counsel of Affinia Group Inc., a global leader in the design, manufacture, distribution and marketing of industrial grade products and services. Active in volunteer work and professional affiliations, Sturgess is a member of the Association of Corporate Counsel’s national and Charlotte Chapters and part of the organization’s Sponsorship and Member committees. He has served as chairman, as well as a member of the board of directors of the Connecticut Venture Group, Crossroads Venture Capital Fair and Community Health Charities of New England. A magna cum laude Finance graduate of the University of Connecticut, Sturgess was a member of the board of directors and president-elect of the University of Connecticut Alumni Association and was a member of the board of directors of the University of Connecticut Research and Development Corp. He holds his juris doctorate from Duke University School of Law.AdvertisementClick Here to Read MoreAdvertisementlast_img read more

AID Bank employees continue sick out

first_img Share Share Sharing is caring! Tweet Sharecenter_img 103 Views   one comment Employees of the Agricultural Industrial Development Bank (AID Bank) are today Monday 6 July 2015 continuing sick out action in protest of the institution’s proposal regarding salary increases. General secretary of the National Workers Union, the union representing the Bank’s employees, Rawlings Jemmot told Dominica Vibes on Monday 6 July 2015 that close to twenty (20) employees are engaged in the sick out.The employees, who commenced the sick out action on Friday 3 July, is to express dissatisfaction with management’s proposal letter dated 1 July 2015 regarding salary increases. “The bank has so far revoked the letter of the 1st of July and reviewed the letter making a second offer”.“We will not discuss on the air what the offer is about as we have not met with the workers at yet to discuss the bank’s offer,” he said. Jemmot said about sixteen (16) to twenty (20) employees have spoken against the Bank’s proposal. The Union is expected to meet with employees soon to discuss the move latest proposal. LocalNews AID Bank employees continue sick out by: Dominica Vibes News – July 6, 2015last_img read more

New York Fed Takes the Pulse of American Households

first_img Share American Households Federal Reserve Bank of New York Home Price Expectations Survey 2019-05-22 Mike Albanese in Daily Dose, Featured, News, Origination New York Fed Takes the Pulse of American Householdscenter_img May 22, 2019 588 Views The Federal Reserve Bank of New York’s 2019 Survey of Consumer Expectations Housing Surveyshows that U.S. households expect home prices to rise at a slower price when compared to last year.A large majority of households still view housing as a good financial investment, although the share believing housing is a “very good investment” declined across all regions, according to the survey.“The U.S. economy is still in a very good place,” said John Williams, President and CEO of the New York Federal Reserve. “We’re seeing very strong job growth. Very low unemployment and continued growth into this year.”The survey also concluded that the majority of renters still view obtaining a mortgage is difficult, but the share believing it is easy rose above 21% for the first time since 2014.The survey, which is part of the broader Survey of Consumer Expectations, has been conducted annually since 2014.Williams said one of the biggest reasons the economy has not seen more growth over the past few years is because the housing sector has “lagged relative to its historical patterns.”New York Fed reports there are approximately 10.7 million fewer households in 2016 than there were in 2004.According to the report, the average home-price-change expectation at both the one- and five-year horizons fell when compared to 2018. The average one-year change in home prices in 2019 was 3.6%, down from last year’s 4.6% and the second-lowest level since 2014.Five-year growth expectations average 2% annually, which is approximately 1% lower than last year.The average probability of home prices decreasing at the five-year horizon jumped to 29% in 2019 from 27% in 2018. Younger respondents—under 50-years-old—believe there is more of a risk in housing compared to those over the age of 50.Respondents, however, responded favorably toward housing as a financial investment, with 65% believing buying property in their zip code is a “very good” or “somewhat good’ investment. Nine percent think housing is a bad investment, down from 10.6% in 2018.Reversing a five-year trend, the average reported probability of moving over the next year rose to 17.8% from 17% in 2018.last_img read more