Daily Archives: February 3, 2020

PSAV® NAMES BECKY SHEEHAN CHIEF FINANCIAL OFFICER

Schiller Park, Ill., Feb. 03, 2020 (GLOBE NEWSWIRE) — PSAV, a global leader in event experiences, announced today that Becky Sheehan has been named Chief Financial Officer. Sheehan will be responsible for driving global financial stewardship by providing strategic leadership in all areas of Finance.

“Becky is an ideal addition to the senior leadership team given her extensive experience and fit with our culture. Her leadership of our financial functions will be critical as we continue delivering accelerated growth while expanding our capability, services and footprint,” said Mike McIlwain, CEO. “Becky’s track record and alignment with our vision gives me every confidence in her ability to contribute immediately.”

Sheehan fills the vacancy left when former CFO Ben Erwin was promoted to President in October 2018. Sheehan’s addition to the senior leadership team furthers the ability for PSAV to deliver transformative events with comprehensive offerings in creative, production, advanced technology and staging services.

Sheehan has a strong history of serving prominent companies. She spent the last three years as Chief Financial Officer for Cars.com. Previously, she spent 10 years with FTD Companies, Inc., as Executive Vice President and Chief Financial Officer. She is a Certified Public Accountant and spent more than 20 combined years at the accounting firms Deloitte and Arthur Andersen. At Deloitte, she served as a leader in the Chicago audit practice and was recognized as one of the top 50 “Next Generation” partners to lead the firm and its most important client relationships.

“I am thrilled to join PSAV at such an exciting time in the company’s history,” said Sheehan. “I was drawn to the strength of the PSAV purpose, mission and values, the impact the company is having on the dynamic event experience industry, and its future potential. I look forward to partnering with Mike and the senior leadership team as we continue to grow the business for the benefit of our customers.”

About PSAV®

The PSAV family of companies serves as a global leader in event experiences, providing creative, production, advanced technology and staging services to help meeting professionals deliver more dynamic and impactful experiences at their meetings, trade shows and events. The team consists of approximately 14,000 professionals across 2,100 on-site venue locations and more than 50 regional warehouses. The company operates in more than 20 countries across North America, Europe, the Middle East, Australia and Asia. It is the trusted partner and exclusive on-site provider of choice at leading venues worldwide. PSAV was recently named to the Forbes 2018 and 2019 America’s Best Employer list. The company is headquartered in Schiller Park, Ill.  www.psav.com.

Bob Niersbach
PSAV
847.385.3619
rniersbach@psav.com

 

CNH Industrial recognized among the leading global companies in sustainable performance by CDP

CNH INDUSTRIAL N.V.

DP Results 2020

London, February 3, 2020

CDP, the international non-profit that drives companies and governments to reduce their greenhouse gas emissions and safeguard water resources, has recognized CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) as a global leader in sustainable water management, naming it as one of only 71 companies included in the CDP’s prestigious Water Security A-List. Furthermore, CNH Industrial scored an A- in the CDP Climate Change.

“We are delighted that the CDP has once again recognized our ongoing efforts in the fundamental areas of water management and helping combat climate change” said CNH Industrial Chief Executive Officer, Hubertus Mühlhäuser. “We continually work to improve water management implementing targeted initiatives through our World Class Manufacturing and Logistics programs. Our increasing investments in developing and commercializing alternative propulsion technologies are playing an important role in helping develop lower-impact vehicles.”

Every year, thousands of companies disclose data about their environmental impacts, risks and opportunities to CDP for independent assessment against its scoring methodology. In 2019, companies were requested to do so by over 525 investors with over USD $96 trillion in assets and 125 major purchasing organizations with USD $3.6 trillion in purchasing power.

The CDP’s questionnaires on climate change and water  have an individual methodology that scores responses across four levels: disclosure, awareness, management of environmental risks and demonstration of best practices associated with environmental leadership.

These latest results follow CNH Industrial’s ninth consecutive year as the Industry Leader in the Dow Jones Sustainability Index, World and Europe. The Company is also included in the following indexes: FTSE4Good Index Series, MSCI ESG Leaders Indexesi ECPI Global Agriculture Liquid, ECPI World ESG Equity, ECPI Global Developed ESG Best in Class, ECPI Euro ESG Equity, Euronext Vigeo Europe 120, Euronext Vigeo Eurozone 120, STOXX Global ESG Leaders Index, STOXX Global ESG Environmental Leaders Index, STOXX Global ESG Social Leaders Index, STOXX Global ESG Governance Leaders Index, STOXX Global ESG Impact Index, STOXX Global Low Carbon Footprint, STOXX Global Reported Low Carbon Indexii and Integrated Governance Index (IGI).

CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

Sign up for corporate news alerts from the CNH Industrial Newsroom:
bit.ly/media-cnhindustrial-subscribe

Media contact:

Laura Overall
Corporate Communications Manager
CNH Industrial
Tel. +44 (0)2077 660 338
E-mail: mediarelations@cnhind.com
www.cnhindustrial.com

i The inclusion of CNH Industrial in any MSCI index, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, or promotion of CNH Industrial by MSCI or any of its affiliates. The MSCI indexes are the exclusive property of MSCI. MSCI and the MSCI index names and logos are trademarks or service marks of MSCI or its affiliates.

ii Those listed are the main global STOXX indexes in which CNH Industrial is included.

Attachments

Align Technology Pledges RMB 1 Million Donation in Response to the Novel Coronavirus Outbreak in China

SAN JOSE, Calif., Feb. 03, 2020 (GLOBE NEWSWIRE) — Align Technology, Inc. (NASDAQ: ALGN) today announced its commitment to donate RMB 1 Million to the Chinese Red Cross Foundation to support its ongoing prevention and control efforts for the outbreak of the novel coronavirus in China.

Align Technology President and CEO Joe Hogan made the following comments regarding the company’s pledge: “China is one of our largest markets and home to thousands of Align employees, doctors, customers and patients, and their safety is our top priority. Given the fluid situation and immediate humanitarian needs, we hope that our donation to the Chinese Red Cross Foundation can go toward supplies and support for frontline health care workers in the fight against the novel coronavirus outbreak.”

Align Technology is closely monitoring the overall situation in China. Its two operation sites are located in the cities of Chengdu and Ziyang (Sichuan Province). While there has been no impact to product safety due to the stringent health and safety procedures that are ingrained in its manufacturing processes, the company is also taking additional precautions across China to minimize risk of illness to employees, including additional protections and health screening procedures.

Further commenting on Align’s commitment to China, Julie Tay, Align Senior Vice President and Managing Director, Asia Pacific said, “We have a strong commitment to China and will continue to support the community as we go through this difficult time. We will do what we can to support and ensure the safety and health of our employees, doctors and their patients in China.”

About Align Technology, Inc.

Align Technology designs and manufactures the Invisalign® system, the most advanced clear aligner system in the world, and iTero® intraoral scanners and services. Align’s products help dental professionals achieve the clinical results they expect and deliver effective, cutting-edge dental options to their patients. Visit www.aligntech.com for more information.

For additional information about the Invisalign system or to find an Invisalign doctor in your area, please visit www.invisalign.com.  For additional information about iTero digital scanning system, please visit www.itero.com.

Align Technology Zeno Group
Madelyn Homick Sarah Johnson
(408) 470-1180 (828) 551-4201
mhomick@aligntech.com sarah.johnson@zenogroup.com

Reply to Parliamentary Question on financial literacy of adults in Singapore

Name and Constituency of Member of Parliament

Miss Cheryl Chan Wei Ling, MP, Fengshan SMC

Question:

To ask the Prime Minister (a) what is the current financial literacy of adults in Singapore and what has been the trend in the past decade; (b) what has been done to increase financial literacy; and (c) whether a national framework is in place to measure the impact of digital finance on businesses and individuals.

Answer by Mr Tharman Shanmugaratnam, Senior Minister and Minister in charge of MAS:

1. Singaporeans’ understanding of basic financial concepts is good, has been improving, and can certainly improve further to help them better plan for their future.

2. A Financial Planning Attitudes Survey commissioned by MoneySense in 2017 showed that about 9 in 10 Singapore residents understood that an investment with a higher return often comes with higher risk. This is significantly higher than the 6 in 10 in a similar survey conducted in 2013.

3. However, only about 1 in 5 feel that they are knowledgeable about investing. Some Singaporeans also have misconceptions about when to start planning for their finances. 1 in 5 feel that they would only need to do financial planning when they are looking to retire; and half of young working adults aged between 17 and 29 have not started thinking about financial planning because they think it is still too early to do so.

4. That is why we must continue our work through MoneySense, to raise the level of financial literacy amongst Singaporeans, to help them make prudent decisions relating to their savings, investments, insurance, house purchase, retirement planning, and not to fall for scams. MoneySense takes a multi-pronged approach, reaching out to Singaporeans at different stages of their lives.

5. As for the impact of digital finance on businesses and individuals, it is generally positive, because it brings about greater convenience, more accessibility, and in some instances, lower pricing, to banking and financial services. However, it can also mean that consumers are more exposed to products with higher risk, and which requires them to have a higher level of financial literacy.

6. MAS has been closely monitoring these trends and continually updating its regulatory policies to promote digital financial services, while guarding against risks. Let me cite a few specific areas where our policies have been evolving.

7. First, e-payments. We have been driving e-payments because it enhances consumer convenience and business efficiency. Today, more than 3 out of 4 Singaporeans between 20 and 75 years old have registered for PayNow, and an estimated 60% of active businesses have registered with PayNow Corporate. The total monthly transaction value is S$1.6 billion compared to S$1 billion six months ago, so adoption and growth is strong.

8. But cybersecurity is a concern in e-payment. MAS has issued guidelines for e-payments user protection and technology risk management by financial institutions. Financial institutions have to ensure that they implement robust cybersecurity measures. Parliament also enacted the Payment Services Act, so that we have fit-for-purpose regulations that set cyber hygiene standards for different payment services licensees. For consumers, MoneySense is also stepping up education to users, to practise good cyber hygiene such as setting strong passwords and keeping them secure, and being vigilant against phishing and other scams.

9. Second, we are also promoting other digital financial services, such as investment advisory and insurance offerings. Consumers can benefit from a wider choice of more customised products that match their risk profiles, investment goals and life needs. At the same time, MAS has provided more clarity to the industry on the areas that warrant greater oversight, to provide better safeguard for consumers.

10. Third, MAS will be issuing up to 5 digital bank licenses by the middle of this year. They can potentially provide greater funding access for underserved smaller enterprises, as well as low-cost investment solutions and convenient new banking experiences for consumers.

11. Standards in managing and using data are critical in all of this. Digital banks and other digital financial services are likely to use far more data in their operations than traditional financial services. MAS therefore worked with the financial industry to develop principles to guide the responsible use of artificial intelligence and data analytics in financial services, in a way that promotes fairness, ethics, accountability, and transparency in the use of data by financial institutions.

Source: Monetary Authority of Singapore

18th Edition of MAS-ESS Essay Competition to focus on Sustainability

Singapore, 3 February 2020… The Monetary Authority of Singapore (MAS) and the Economic Society of Singapore (ESS) today launched the 18th MAS-ESS Essay Competition. The aim of this year’s competition is to encourage debate on issues related to sustainability in the context of climate change. The title for this year’s competition is Does environmental sustainability make economic and business sense?.

2 Essays should be well-researched, informed and provide new analyses and perspectives. Essays should also address how businesses reconcile short-term gains with long-term sustainability goals and how companies can make practical and meaningful targets to measure their effort in climate change and sustainability management.

3 The competition is open to all pre-university students in Singapore regardless of nationality, as well as Singaporean pre-university students studying abroad. Submissions are invited from Polytechnics, Centralised Institutes, International Schools, and Junior Colleges as well as from full-time national servicemen who have completed their pre-University education. The following prizes will be awarded for the three best essays.

4 The closing date for the submission of entries is 5 May 2020. The terms and conditions as well as entry forms for the MAS-ESS Economic Essay Competition are available on the ESS website (http://www.ess.org.sg ).

Source: Monetary Authority of Singapore