AutoNation, headquartered in Florida and America’s largest automotive retailer, has announced the appointment of Carl Liebert as Chief Executive Officer and President. Liebert was also named to AutoNation’s Board of Directors. Liebert currently serves as COO and Executive VP of USAA, a Fortune 100 full-service financial services company.
Wyndham Destinations, the world’s largest vacation ownership and exchange company, has announced the appointment of Olivier Chavy as President, RCI Exchanges. Most recently serving as CEO of Mövenpick Hotels & Resorts, Chavy brings 30 years of international hospitality experience and executive leadership roles spanning luxury hotel and timeshare resort operations to global interior design.
Zimmerman Advertising, a leading integrated retail agency in the US, announced it has appointed Jeff Pearson as its Chief Client Officer. Pearson is a veteran retail marketing and e-commerce executive with nearly 20 years of experience in overseeing strategy and the transformation of operations, marketing, e-commerce, and merchandising functions.
Do you know who, or what, FCA US LLC is. It is a little automobile company with a stable of brands including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram, Maserati and Mopar. And it is an LLC. YouTube is an LLC. Barclays Bank has an LLC. Contrary to popular misconception, there is no status attached to being an S Corporation or a C Corporation (Inc).
Recently, Fiat Chrysler Automobiles announced plans to invest $4.5bn (£3.4bn) into the US vehicle industry which will create 6,500 new jobs. It says it will build the first new assembly plant in Detroit for nearly three decades.
Fiat Chrysler said its investment is part of its strategy expand its Jeep SUV and Ram truck brands. The company will convert two of its plants, one of which has been idle since 2012, into the assembly site for its new Jeep Grand Cherokee as well as a new three row Jeep SUV. It will also be equipped to build plug-in electric hybrid vehicles.
Profits have topped £1bn for the first time at UK housebuilder Persimmon, who built 8,072 new homes in 2018. In 2018, Florida headquartered Lennar had a market cap of $18 billion, built 45,600 new homes and achieved revenues of $20.6 billion.
Under a plan announced jointly by the Mayor and Governor of New York, drivers entering the most congested part of Manhattan would have to pay a charge comparable wth London’s congestion charge. The plan requires approval from the state legislature
The Mayor and Governor have said the Metropolitan Transportation Authority is in crisis. About a third of trains run late. Decades-old signals require large gaps between trains, leading to commuters struggling to squeeze into crowded railway cars at rush hour.
Driven by acquisitions, fourth-quarter sales jumped 54.5 percent while profits quadrupled at Florida-based Helios Technologies (formerly known as Sun Hydraulics), manufacturer of hydraulics and electronics. The company posted net income of $16.4 million for the final quarter of 2018. For the full year, sales hit a record $508.0 million.
According to president/CEO Wolfgang Dangel, “We believe we can continue to grow at a rate that exceeds growth expected in the currently changing macroeconomic climate. We are aggressively investing in innovative manufacturing technologies and market-leading new products, which will keep our capital expenditures and research and development spending at strong levels.”
Jinko Solar, a solar panel company, has opened new US headquarters in Florida. The investment will create about 200 new jobs.
KnowBe4 claims to be the provider of the world’s largest security awareness training and simulated phishing provider. Like many companies, it has used its location in Florida to develop relationships in South America and has demonstrated this with the acquisition of El Pescador, a national cybersecurity leader in Brazil. Stu Sjouwerman is CEO of KnowBe4 and Kevin Mitnick is KnowBe4’s chief hacking officer. For more information on KnowBe4, visit www.knowbe4.com.
ConnectWise, a cloud-based business-management applications developer headquartered in Tampa, Florida, is being bought by Thoma Bravo, a buy-and-build private equity firm, in a deal expected to create 300 new local jobs in coming years and pay $270 million to about 1,000 employees.