Governor Wolf Announces Voith to Create 37 New Jobs in York County

first_imgGovernor Wolf Announces Voith to Create 37 New Jobs in York County SHARE Email Facebook Twitter January 29, 2016center_img Economy,  Jobs That Pay,  Press Release Harrisburg, PA – Governor Tom Wolf announced today that Voith, an international engineering and manufacturing company, will establish a Global Business Service Center and Centers of Competence and create 37 new, full-time jobs in West Manchester Township, York County.“Voith has a long history in York County as one of the largest hydropower manufacturing facilities,” Governor Wolf said. “The proud tradition will carry on and this new investment shows a renewed commitment to the state and an eagerness to continue and grow here in Pennsylvania.”The project includes a committed investment of at least $825,000 from Voith to transform existing warehouse space into a state-of-the-art office environment, retaining 577 current positions and creating 37 new, full-time jobs over the next three years. The project will consolidate accounting, human resources, sourcing, corporate and market communications, and other functions for its North American operations.Voith received a funding proposal from the Department of Community and Economic Development that includes a $100,000 Pennsylvania First Program grant and $74,000 in Job Creation Tax Credits.“After having a presence here for 139 years, Voith is deeply woven into the community,” said Bob Gallo, president and chief executive officer of Voith Hydro. “Our continued success is a positive reflection of our hard-working employees and Voith’s ability to offer our customers leading edge technology and quality service.”The project was coordinated by the Governor’s Action Team, an experienced group of economic development professionals who report directly to the governor and work with businesses that are considering locating or expanding in Pennsylvania, in collaboration with York County Economic Alliance.“Our team was pleased that we were able connect Voith with the Governor’s Action Team and other resources to facilitate the consolidation,” Darrell W. Auterson, president and chief executive officer of York County Economic Alliance said. “Voith’s global reputation for excellence greatly enhances our community’s position as a welcoming center for international business investment. We’re honored to have them as a major employer in York County.”Voith is an engineering company in the energy, oil and gas, paper, raw materials, transport, and automotive markets. Founded in 1867, Voith employs more than 20,000 people, generates $5 billion in sales, operates in over 60 countries around the world, and is one of the biggest family-owned companies in Europe, excluding the discontinued Group Division Voith Industrial Services. Voith Hydro, specializing in hydroelectric equipment, technology and services, is headquartered in West Manchester Township, York County.Find out more about Voith, visit www.voith.com.For more information about the Governor’s Action Team or DCED visit www.newpa.com.Like Governor Tom Wolf on Facebook: Facebook.com/GovernorWolflast_img read more

UK sales head Benton exits State Street

first_imgAndrew Benton has left State Street Global Advisors (SSGA) barely 18 months after joining the $2.7trn (€2.3trn) fund manager, IPE has learned.Benton, who joined in March 2017 as head of UK institutional business, departed last week, according to sources close to the firm.SSGA declined to comment and Benton could not be reached by IPE.Benton joined the firm to replace Mark McNulty, who had held top roles at SSGA from 2006 until the end of 2016. Benton had previously led international sales and client service at Baring Asset Management. State Street has reshuffled its European leadership over the past 12 months, bringing in Miles O’Connor – former head of institutional for Europe, Middle East and Africa (EMEA) at Schroders – to a newly created sales role in January this year.In July 2017, the company announced that Mike Karpik, who had led its asset management arm in the EMEA region since 2012, would leave after a 19-year State Street career. He handed the chief executive role to Cuan Coulter, former chief compliance officer for the global State Street Corporation.On Friday, the company announced its profit had risen 13% in the third quarter of the year, with total revenue increasing by 3.7% to $2.95bn. Credit: Garrett A WoolmanState Street Corporation’s headquarters, Boston, Massachusettslast_img read more

‘Russia State-sponsored Doping across Majority of Olympic Sports’

first_imgRussia operated a state-sponsored doping programme for four years across the “vast majority” of summer and winter Olympic sports, claims a new report.It was “planned and operated” from late 2011 – including the build-up to London 2012 – and continued through the Sochi 2014 Winter Olympics until August 2015.An investigation commissioned by the World Anti-Doping Agency (WADA) says Russia’s sports ministry “directed, controlled and oversaw” manipulation of urine samples provided by its athletes. It says Russian athletes benefited from what the report called the “Disappearing Positive Methodology”, whereby positive doping samples would go missing.International Olympic Committee (IOC) President Thomas Bach described the commission’s findings as a “shocking and unprecedented attack on the integrity of sport and on the Olympic Games” and pledged to enforce the “toughest sanctions available” against those implicated.The IOC will decide on Tuesday about any “provisional measures and sanctions” for the Rio Olympics, which start on August 5.The commission, led by Canadian law professor and sports lawyer Dr Richard McLaren, looked into allegations made by the former head of Russia’s national anti-doping laboratory.Grigory Rodchenkov claimed he doped dozens of athletes before the 2014 Winter Olympics, which were held in Sochi, Russia.Rodchenkov – described by the Kremlin as a “scandalous” former official – also alleged he had been helped by the Russian secret service, the FSB.He claimed they had worked out how to open and reseal supposedly tamper-proof bottles that were used for storing urine samples so the contents could be replaced with “clean” urine.McLaren sent a random amount of stored samples from “protected Russian athletes” at Sochi 2014 to an anti-doping laboratory in London to see if they had scratch marks around the necks of the bottles that would indicate they had been manipulated.McLaren said “100% of the bottles had been scratched” but added that would “not have been visible to the untrained eye”.He said he had “unwavering confidence” in all of his findings.The damning report does not make any recommendations, but will fuel calls for a complete ban on Russia from the 2016 Summer Olympics, which start in Rio de Janeiro, Brazil on August 5.Wada has recommended the IOC “decline entries, for Rio 2016, of all athletes” submitted by the Russian Olympic Committee and the Russian Paralympic Committee. Russian government officials should also be banned from this summer’s Games, it said.WADA President, Sir Craig Reedie, called the “scope and scale” of the findings a “real horror story”, adding that he was “encouraged” the “correct decision” would be taken by the IOC.“I’m not sure that the system is broken,” Reedie told BBC Radio 5 live. “But if you are determined to cheat you can get round the system. We can’t sit back on the situation; we have to work with Russian officials to change the culture in that country.”President Vladimir Putin made the Sochi Games a showcase event and spent more than $50bn (£37.7bn) staging the Games.On Monday, Putin said officials named in the McLaren report would be suspended, pending a thorough investigation.But a statement released by the Kremlin criticised the report as “accusations against Russian athletes” based on the testimony of “a person with a scandalous reputation”.It also warned of a “dangerous recurrence of interference of politics in sport”.Putin has asked WADA to provide “more complete, objective, evidence-based information” to Russian investigators.The report said Russia’s ‘Disappearing Positive Methodology’ worked when analysis could be done at the Moscow laboratory.But at an international event – such as London 2012, the Athletics World Championships of 2013, or the Swimming World Championships of 2015 – Russia had to adapt its methods.The report found:Dr Rodchenkov’s “cocktail” of steroids was given to athletes prior to London 2012. They were drugs he felt were least likely to be detectedForty six Russian athletes with performance-enhancing drugs in their system were pre-tested from 17-22 July 2012They were categorised as red – will test positive and should be replaced; amber – traces of drugs, but should be clear for London; green – cleanAll records of positive tests were falsified into negative resultsAthletes were also given micro-doses of blood-booster erythropoietin (EPO) up until two weeks before they left for LondonEleven of the 46 athletes won medals at London 2012 – some have since been banned and had their medals strippedIn June 2016, the IOC ordered retests of London 2012 samples – eight athletes tested positiveIt was “inconceivable” that Russia’s Sports Minister, Vitaly Mutko, was not aware of the doping cover-up scheme, according to the report.Mutko has been in position since 2008. He is a member of the executive committee of football’s world governing body, FIFA, and chairs the organising committee of the 2018 World Cup, to be held in Russia.The report claimed Mutko personally intervened to cover up a doping case of “at least” one overseas football player in the Russian League and that 11 positive tests by Russia footballers disappeared.However, it was Mutko’s deputy, Yuri Nagornykh, who was advised of “every positive analytical finding” from the Moscow laboratory from 2011 onwards – in “total violation” of WADA rules – and decided who to protect.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more