10 Tri-County Business Journal • July/August 2011 BUSINESS BRIEFS
BRIEFS Continued from page 9
South Euclid, college create storefront art TheCity of South Euclid, in part-
nership with Notre Dame College, has created theStorefront Art Initia- tive, which restores life and vibrancy to vacant storefronts throughout the city’s commercial corridors by in- stalling window art displays designed by Notre Dame students. The initia- tive beautifies the city’s commercial districts, offers students the oppor- tunity to publicize their artwork and makes vacant storefronts look more attractive to prospective tenants.
Kasich urged to back electricity market Recently in a letter toGov. John
Kasich, 12 Ohio businesses urged the administration to continue its support for the state’s competitive electricity market. Citing cost sav- ings, innovation gains, customer
choice, improved reliability and ac- cess to clean energy, the signatories to the letter credit Ohio’s competi- tive electricity market with deliv- ering consumer benefits and spur- ring the state’s economic and job growth. The signatories letter include
representatives from 7-Eleven, The Andersons, Best Buy, BJ’s Whole- sale Club, Boston Market, Leggett & Platt, Macy’s, PetSmart, Rite Aid Corporation, Sears Holdings, Su- perValu and Wal-Mart. Collectively, these companies represent 737 facil- ities and more than 121,000 workers in Ohio and purchase $119 million of electricity annually in the state.
Lubrizol shareholders approve acquisition At a special meeting, sharehold-
ers of Lubrizol overwhelmingly approved the acquisition of Lubrizol by Berkshire Hathaway for $135 per share in an all-cash transaction. Approximately 95 percent of the
votes cast, in person or by proxy, voted in favor of the merger. In total, 49.4 million, or 77 per-
cent, of the shares outstanding as of the April 27 record date were represented at the special meeting, constituting a quorum. Adoption of the merger agreement required an affirmative vote of a simple major- ity of the Lubrizol common shares outstanding. After the close of the transaction,
Lubrizol will remain headquartered in Wickliffe and will continue to be led by CEOJames L. Hambrick.
Eaton acquires Columbian company Cleveland-based Eaton, with
locations in the tri-county area, re- cently announced it has acquired the assets of C.I. ESI de Colombia S.A. (ESI). Terms of the deal were not disclosed. Based in Bogota, Co- lombia, ESI is a value-added reseller of industrial electrical equipment and engineering services in the Co- lombian market focused on oil and gas, mining and industrial and com- mercial construction.
Credit union doubles Relay for Life funds Once again,Eaton Family Cred-
it Union in Euclid doubled the previ- ous year’s donation for the American Cancer Society Relay for Life held May 13-14 at Euclid High School by raising more than $2,500. To augment its usual fundrais-
ing efforts, Eaton Family Credit Union partnered in a drawing for a Craftsman Lawn Mower with Sears Hardware in Willoughby Hills. This year, in addition to running a booth, the credit union volunteered to run the Survivor’s Tent, which in- cluded recognition for attendees and a Thanksgiving-themed meal.
patent settlement OurPet’s in Fairport Harbor an-
nounced a patent infringement set- tlement with Sergeant’s Pet Care Products. In the lawsuit, OurPet’s alleged that Sergeant’s engaged in conduct that infringed upon Our- Pet’s Utility Patent 6,371,053, which
MOVERS & SHAKERS
Lake Health announces several appointments
Kittoe Sugarman Mell McGuinness
is for a simulated mouse toy hav- ing a prerecorded sound chip and sold by OurPet’s under the Play-N- Squeak label. Under the settlement, Sergeant’s has agreed to terminate sales of its Zoink! Chatty Mouse products after an agreed wind-down period in which Sergeant’s will sell its remaining inventory under a li- cense agreement with OurPet’s.
Connector road project OK’d for Concord The Northeast Ohio Areawide
Coordinating Agency (NOACA), which works with communities in Northeast Ohio in furthering infra- structure projects, has identified the Connector Road Project in Concord Township to be added to its Trans- portation Improvement Program worth approximately $3.2 million in funds toward the Concord proj- ect. These funds will become avail- able in July 2013 through 2014. The project relates to infrastructure improvements to be made along the SR 44 corridor near the intersection with I-90.
ake Health has appointedMichael E. Kittoe as senior vice presi- dent of finance and chief financial officer. Kittoe will have respon- sibility for fiscal services, patient accounting, material management and health information management (medical records). He will be
responsible for establishing initiatives to optimize the financial performance of Lake Health, including maintaining a long-term capital plan in support of strategic initiatives and assessing ways to optimize reimbursement. The hospital system also recently announced the appointment of David
Sugerman, M.D., as medical director of emergency departments. Sugerman will be responsible for the emergency departments atWest Medical Center, TriPoint Medical Center and the new, freestanding department at theMadi- son Campus. Howard K. Mell, M.D., MPH, was appointed EMS medical director and
associate medical director for the TriPoint Medical Center Emergency De- partment. He will provide leadership, guidance, oversight and quality assur- ance to local paramedics and emergency medical technicians. He will work closely with local fire departments to create treatment protocols and provide educational opportunities for these first responders. At the annual organizational meeting, the Lake Health board of trustees
re-elected Susan McGuinness as board chair. Other officers elected were Bruce M. Kephart as vice chair,Michael E. Mayher as treasurer andDan- iel B. Cudnik, M.D. as secretary. New board member is Paul C. Sirko, cor- porate compensation manager at Parker Hannifin. Other members of the board include John F. Platz, Timothy P. Doyle, M.D., Lillie Mae Wilson, Thomas P. Jubeck, I. James Hackenberg and Robert G. Schiebli.
Downtown Painesville director to step down After three years at the helm of
the Downtown Painesville Orga- nization, Doug Nagy says it’s time to finish his education. Nagy has earned a scholarship to the Univer- sity of Chicago’s MBA program. He will leave the position at the end of August. Nagy, a Lake County native, took
the position as the organization’s first executive director in June 2008. In addition to helping Painesville gain certification as an Ohio Main Street Community, he led the organi- zation’s revitalization efforts and de- veloped one of the largest college in-
tern programs in the area, recruiting more than two dozen participants.
earns designation Mehmet S.Turkel,
director of business development and marketing forTechni- cal Assurance of Wil- loughby has earned the designation of certified professional
services marketer. Turkel is among a growing number of professionals to be certified by the Society for Marketing Professional Services, which advocates for, educates and
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