Lineage Power Corporation, a Gores Group company known for its energy-efficient AC/DC and DC/DC switching technologies, has named Craig A. Witsoe as its new CEO. Witsoe will be based at the company's Dallas headquarters and report to the board of directors. He most recently had been serving as president and CEO of Tyden Group, a leading producer of product identification and cargo security technology. Prior to joining Tyden, Witsoe spent 16 years in various executive positions at General Electric. Word of Witsoe's appointment comes shortly after Lineage's recent announcement that it has entered into a definitive merger agreement with Cherokee International, a provider of custom power solutions for datacom, telecom, medical and process control applications. Under this agreement, Cherokee will become a division of Lineage.
DuPont has acquired Coastal Training Technologies Corporation, a leading global producer and marketer of cutting-edge training programs, headquartered in Virginia Beach, VA. The transaction is expected to fuel significant growth for DuPont Safety Resources, a consulting business within the DuPont Safety & Protection segment. Terms of the agreement, which includes transfer of all customer agreements, patents, copyrights, brands, equipment and personnel, were not disclosed. The acquisition will allow DuPont, an established global leader in industrial safety services programs, to provide a broader mix of delivery systems to a growing global audience. Coastal Training Technologies, with offices in the United States, Mexico, Europe, Brazil, India and the Philippines, will gain access to DuPont's broad customer network for its extensive library of training products.
The Coastal deal is part of DuPont's strategy to expand its presence in emerging markets and safety industries. It complements the corporation's current safety training and
Founded in 1984, Coastal Training Technologies Corporation has developed and markets an extensive offering of award-winning DVDs, e-learning products, print materials and instructor-led courses available in 29 languages. About one third of the company's 600 employees reside in the United States.
Rick Carter has joined Applied Technology Publications (ATP) as executive editor. Bringing more than 25 years of magazine experience to his new position, he is expected to play a key...(Read whole article)
This website is owned and operated by: MSL Media Limited
Co. Number: 05359182
© 2005 MSL Media Ltd. All rights reserved. E&OE