Roundup: StarKist Names Interim President; Kalouche Named CEO of TMS; Buffett Buys Prudential Real Estate; More

Tribune-Review/Pittsburgh Tribune-Review, October 31, 2012 | Go to article overview
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Roundup: StarKist Names Interim President; Kalouche Named CEO of TMS; Buffett Buys Prudential Real Estate; More


StarKist names interim president after CEO quits

StarKist Co., with headquarters on the North Shore, named an interim president on Tuesday because its CEO, in-Soo Cho, resigned. Sam Hwi Lee becomes president of the seafood products maker effective Thursday, the company said. Lee, a StarKist director and former Nestle Korea president, will be based in Pittsburgh as StarKist's parent, the Dongwon Group, searches for a permanent replacement for Cho. Lee also is a former Dole Food Co. and Armour Foods Co. executive. Cho joined StarKist in March 2011, and resigned to pursue new opportunities, the company said.

Parent of Tube City names CEO

TMS International Corp., the parent of Tube City IMS Corp., appointed Raymond Kalouche as its CEO, effective Jan. 1, the company said on Tuesday. Kalouche, who has been with the TMS since 1989 and is its chief operating officer, will succeed CEO Joseph Curtin, the Glassport-based provider of industrial services to steel mills said. Curtin, 66, CEO since 2009, will become executive chairman of TMS' board of directors. He has been chairman of the board since 2011. Kalouche, 50, is credited with leading TMS' international growth since 2007, including expanding operations in Mexico, Europe, Latin America, South Africa and the Middle East.

Buffett's firm buys franchise

Warren Buffett's company said Tuesday that it is buying the Prudential and Real Living real estate franchise and starting a new brokerage brand for those agents. Berkshire Hathaway Inc.'s real estate unit is acquiring the network from Brookfield Asset Management. Berkshire's HomeServices of America and Brookfield will open Berkshire Hathaway HomeServices next year and begin switching agents to the new firm. Buffett said he's happy to lend Berkshire's name and financial strength to the new company, which will be based in Irvine, Calif., and be led by a team of executives from Prudential Real Estate. HomeServices owns local brokerages with 16,000 real estate agents in 21 states. The Prudential and Real Living brands will be eliminated over the next couple of years.

Consol idles 145 W.Va. workers

Delays in obtaining environmental permits prompted Consol Energy Inc. to announce plans to idle surface operations at its Miller Creek complex near Naugatuck, W.Va., and lay off about 145 workers for two weeks starting Dec. 30. Underground operations there won't be impacted, Cecil-based Consol said Tuesday. Consol, which has briefed workers on the production stoppage, said it secured a state mining permit in November 2011 but still needs some state and federal environmental OKs. The Environmental Protection Agency released its objection to one permit related to the Clean Water Act, but that isn't sufficient to allow miners to begin work, the company said.

Oakland master plan revealed

The Oakland 2025 Master Plan: A Vision for Sustainable Living and Mobility, will be released to residents and business owners at a party event, starting at 6 p.

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Roundup: StarKist Names Interim President; Kalouche Named CEO of TMS; Buffett Buys Prudential Real Estate; More
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