Roundup: MSA Announces Management Changes; Palmer to Develop Park for Seniors; More
Wires, And, Tribune-Review/Pittsburgh Tribune-Review
MSA announces management changes
Mine Safety Appliances Co. announced a series of management changes on Wednesday, including the promotion of senior vice president Stacey McMahan to chief financial officer. McMahan joined MSA last December, when Dennis Zeitler announced he would retire as CFO in August 2014. Until that time, Zeitler will serve as special adviser to CEO William Lambert. The Cranberry-based company named a company veteran to a new position meant to grow global sales and increase customer loyalty. Joseph Bigler, who joined MSA in 1971, was named vice president and chief customer officer. Bigler had been president of MSA's North American business since 2007. He is succeeded by Nish Vartanian, who was vice president of the fixed gas and flame detection business and who joined MSA in 1985. With sales of $1.17 billion last year, MSA makes safety products for the mining, construction and other industries.
Palmer to develop park for seniors
Golfing legend Arnold Palmer will develop a multi-purpose park geared for seniors, called Palmer Park, at The Village at Penn State, a retirement community in State College. His Arnold Palmer Design Co., which has built more than 200 golf courses, will develop the park in a venture with the non-profit Liberty Lutheran, which owns and operates the Village at Penn State. Palmer Park will serve the health and recreational needs of residents of the retirement community. The park will be based on a trend toward more active retirement living, said Luanne Fisher, CEO of Liberty Lutheran, based in Ambler, Pa., which operates 25 locations that offer independent and assisted living-related services. The park will offer golf-focused outdoor exercise, social and other activities.
Nasdaq has brief system glitch
The Nasdaq Stock Market said Wednesday that one of its trading systems had a brief outage, but the problem was resolved and trading was not affected. …