Andersen Global Announces Collaboration with Budapest Law Firm

The international association now has a legal presence in 38 countries through its member firms and collaborating firms

SAN FRANCISCO-Thursday 24 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Andersen Global announced a collaboration agreement with Szabo Kelemen & Partners Attorneys, a respected law firm based in Budapest, Hungary. Hungary marks the 38th country in which Andersen Global offers legal services, expanding the international association’s growing presence in Eastern Europe. Andersen Global is now present in more than 46 countries worldwide.

Founded over two decades ago, Szabo Kelemen & Partners began as the legal arm of EY in Hungary. The firm has since grown to be the premier law firm in Budapest. The team is comprised of more than 30 professionals with decades of legal experience and international accolades, and will continue to advise local and international clients on tax, corporate and commercial issues in various industries.

“We started as part of the Big Four, and over the last several years, as we’ve watched Andersen Global grow and set the client service bar higher, it was fitting and natural that we join forces to provide our clients with the very best, seamless service across the globe,” said Tamas Szabo, Founder and Managing Partner at Szabo Kelemen. “We look forward to working closely with our fellow collaborating firm in Budapest, OrienTax, as well as all the Andersen Global member and collaborating firms worldwide, to bring the very best service and solutions to clients.”

“Tamas and his team bring the type of expertise, professionalism and dedication that makes others stand up and notice,” said Mark Vorsatz, Andersen Global Chairman and Andersen Tax LLC CEO. “We are continuing to expand our capabilities in this region with the objective of becoming the standout legal and tax practice in the area. The combination of Szabo Kelemen & Partners and OrienTax make a very impressive and competitive platform for Andersen Global in Hungary.”

Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has over 4,000 professionals worldwide and a presence in over 129 locations through its member firms and collaborating firms.

Contacts
Megan Tsuei
Andersen Tax
+1-415-764-2700

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Prominent Trade Consulting Firm in South Korea Switches to Rimini Street Support for Its Oracle Database

EC21 avoids unnecessary upgrades, improves platform stability, and frees up internal resources for more strategic work within the business

LAS VEGAS-Thursday 24 January 2019 [ AETOS Wire ]

(BUSINESS WIRE) -- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products, today announced that EC21, a leading export marketing and trade consulting firm in Korea, has switched to Rimini Street support for its Oracle Database software. By switching to Rimini Street, EC21 is able to dramatically reduce the total cost of maintenance of its Oracle Database by approximately 75 percent, and improved productivity within its IT department as resources can be reallocated to more strategic projects across the organization. EC21 can also maintain its robust, stable database platform for a minimum of 15 years from the time the company moved to Rimini Street, avoiding any unnecessary upgrades just to retain full support from the vendor.

Mandate to Lower Support Costs and Maximize System Utilization

Established in 2000, EC21 provides professional consulting services for trade, connecting buyers from nearly 30 countries to local Korean SMEs who want to export their items and services. After 18 years in operation, EC21 has amassed a very large database with more than 2.3 million client contacts, seven million products, and 2.5 million international buyers. The company has been using Oracle Database since its inception to house and manage this critical data, but began to seek ways to reduce the steep annual maintenance and support costs. The company also wanted support in maximizing the utilization of their system to ensure that they were getting the most out of its performance. While EC21 did consider migrating to another database, this turned out to be a larger project than anticipated in terms of the cost to migrate and the disruption to their business. The company reviewed third-party support options instead, and ultimately chose Rimini Street. This provided them with the best of both worlds – the ability to remain on their robust, stable database software, while at the same time drastically reduce the cost to maintain the system.

“We use Oracle Database as our core system for managing critically important data. However, the cost of maintaining this platform with Oracle was quite steep. Compared with the money we were spending, the service we received in return was very limited, the ROI was extremely low, and there appeared to be few options available from the vendor,” said Hak-joon Lee, senior research associate, New Commerce Team, New Business Division, EC21. “As a result, we selected Rimini Street’s comprehensive support for our existing software release and to avoid unnecessary upgrades for at least 15 years. Rimini Street provides us huge value and an outstanding solution which we can trust.”

Unparalleled Maintenance and a Primary Support Engineer

As with all Rimini Street clients, a senior PSE (Primary Support Engineer) with more than 15 years of experience on average, was assigned to support EC21’s Oracle Database platform, and as a result, the company experiences a much higher quality, ultra-responsive support in comparison to the call center model provided by the vendor. Rimini Street’s PSEs, and the technical team behind them, provide support for all issues, including support for all customizations, and ensure a service level agreement of responding within 15 minutes for all P1 critical issues.

“Although our IT support costs took up a huge portion of our overall budget, we were cautious about transitioning to another support provider as we worried about maintaining system stability and possible business disruption,” continued Lee. “However, as numerous organizations across the world already leverage Rimini Street support, its proven support model, and the fact that our PSE responds directly to our inquiries, this all added up to a sound solution for our business. Switching to Rimini Street has reduced a lot of work stress, and I feel confident that we are working with the best third-party support provider in the world.”

“EC21 has discovered what all Rimini Street clients experience – a premium level of support, unlike what they previously experienced with the original software vendor, and a proven means for liberating substantial funds to invest into other areas of the business,” said Kevin Kim, country manager, Korea, Rimini Street. “In addition, by making the switch to Rimini Street, CIOs can take back the control of their ERP roadmap and instead plan their business-driven IT roadmap which more closely aligns with their organization’s overall objectives.”

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, and the leading third-party support provider for Oracle and SAP software products. The Company has redefined enterprise software support services since 2005 with an innovative, award-winning program that enables licensees of IBM, Microsoft, Oracle, Salesforce, SAP and other enterprise software vendors to save up to 90 percent on total maintenance costs. Clients can remain on their current software release without any required upgrades for a minimum of 15 years. Over 1,700 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries currently rely on Rimini Street as their trusted, third-party support provider. To learn more, please visit http://www.riministreet.com/, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn. (C-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, continued inclusion in the Russell 2000 Index in the future; changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; the final amount and timing of any refunds from Oracle related to our litigation; our need and ability to raise additional equity or debt financing on favorable terms; the terms and impact of our 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the success of our recently introduced products and services, including Rimini Street Mobility, Rimini Street Analytics, Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on 10-Q filed on November 8, 2018, which disclosures amend and restate the disclosures appearing under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on March 15, 2018, and as updated from time to time by Rimini Street’s future Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2019 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190122005104/en/

Contacts
Michelle McGlocklin
Rimini Street, Inc.
+1 925 523-8414
mmcglocklin@riministreet.com

https://www.aetoswire.com/news/prominent-trade-consulting-firm-in-south-korea-switches-to-rimini-street-support-for-its-oracle-database/en

Schlumberger Announces Full-Year and Fourth-Quarter 2018 Results

HOUSTON-Thursday 24 January 2019 [ AETOS Wire ]

Full-year revenue of $32.8 billion increased 8% year-on-year
Full-year GAAP EPS, including charges & credits, was $1.53
Full-year EPS, excluding charges & credits, of $1.62 increased 8% year-on-year
Full-year cash flow from operations and free cash flow were $5.7 billion and $2.5 billion, respectively
Fourth-quarter revenue of $8.2 billion decreased 4% sequentially
Fourth-quarter GAAP EPS, including charges & credits, was $0.39
Fourth-quarter EPS, excluding charges & credits, of $0.36 decreased 22% sequentially
Fourth-quarter cash flow from operations and free cash flow were $2.3 billion and $1.4 billion, respectively
Quarterly cash dividend of $0.50 per share was approved


(BUSINESS WIRE) -- Schlumberger Limited (NYSE: SLB) today reported results for full-year 2018 and the fourth quarter of 2018.


see full report at https://www.aetoswire.com//news/schlumberger-announces-full-year-and-fourth-quarter-2018-results/en

About Schlumberger

Schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Working in more than 85 countries and employing approximately 100,000 people who represent over 140 nationalities, Schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance.

Schlumberger Limited has principal offices in Paris, Houston, London, and The Hague, and reported revenues of $32.82 billion in 2018. For more information, visit www.slb.com.

*Mark of Schlumberger or Schlumberger companies.

Notes

Schlumberger will hold a conference call to discuss the earnings press release and business outlook on Friday, January 18, 2019. The call is scheduled to begin at 8:30 a.m. US Eastern Time. To access the call, which is open to the public, please contact the conference call operator at +1 (800) 288-8967 within North America, or +1 (612) 333-4911 outside North America, approximately 10 minutes prior to the call’s scheduled start time. Ask for the “Schlumberger Earnings Conference Call.” At the conclusion of the conference call, an audio replay will be available until February 18, 2019 by dialing +1 (800) 475-6701 within North America, or +1 (320) 365-3844 outside North America, and providing the access code 457252. The conference call will be webcast simultaneously at www.slb.com/irwebcast on a listen-only basis. A replay of the webcast will also be available at the same web site until February 28, 2018.

This full-year and fourth-quarter 2018 earnings release, as well as other statements we make, contain “forward-looking statements” within the meaning of the federal securities laws, which include any statements that are not historical facts, such as our forecasts or expectations regarding business outlook; growth for Schlumberger as a whole and for each of its segments (and for specified products or geographic areas within each segment); oil and natural gas demand and production growth; oil and natural gas prices; improvements in operating procedures and technology, including our transformation program; capital expenditures by Schlumberger and the oil and gas industry; the business strategies of Schlumberger’s customers; the effects of U.S. tax reform; our effective tax rate; Schlumberger’s SPM projects, joint ventures and alliances; future global economic conditions; and future results of operations. These statements are subject to risks and uncertainties, including, but not limited to, global economic conditions; changes in exploration and production spending by Schlumberger’s customers and changes in the level of oil and natural gas exploration and development; general economic, political and business conditions in key regions of the world; foreign currency risk; pricing pressure; weather and seasonal factors; operational modifications, delays or cancellations; production declines; changes in government regulations and regulatory requirements, including those related to offshore oil and gas exploration, radioactive sources, explosives, chemicals, hydraulic fracturing services and climate-related initiatives; the inability of technology to meet new challenges in exploration; and other risks and uncertainties detailed in this full-year and fourth-quarter 2018 earnings release and our most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should our underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.

Contacts
Simon Farrant – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Manager of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
investor-relations@slb.com

Permalink : https://www.aetoswire.com/news/schlumberger-announces-full-year-and-fourth-quarter-2018-results/en

Y Analytics Launches to Bring Together Capital and Research for Good

Y Analytics will help capital allocators better understand, value, and manage social and environmental impact, increasing the effectiveness and reach of the capital we invest as a society


WASHINGTON & DAVOS, Switzerland-Friday 25 January 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Today marks the launch of Y Analytics, a new, independent organization established to drive increased and more effective investment in creating social and environmental good by equipping capital allocators with the research basis to effectively understand the impact of their decisions. The organization, headquartered in Washington, D.C. and led by Maryanne Hancock, will help bridge the divide between the research community and capital allocators. Ultimately, this will ensure that capital directed at addressing the United Nations Sustainable Development Goals is used most efficiently, and more broadly, that we advance our abilities to direct capitalism towards solutions that have the potential to create real, tangible impact.

From Maryanne Hancock, CEO of Y Analytics: “We are building on the extensive effort of others, who have worked for decades to advance the world’s understanding of what creates impact. Y Analytics is built on the premise of learning from their work, utilizing research to understand what creates impact, building effective tools to predict, underwrite, and manage it, and sharing that work with others to drive better decision-making. Enabling better decisions around how the world directs capital towards change will be vital in achieving the progress we seek to make.”

From Bono, Co-Founder of The Rise Fund: “Capitalism isn’t immoral, but it is amoral and it needs direction. If capitalism is to be a force for good we have to be able to measure when it's doing good and when it's doing harm. To persuade the biggest institutional investors to commit their funds to tackling some of the world's most urgent challenges we need to be as confident about the impact returns as we are about the financial returns - fuzzy thinking just won’t cut it. We need cold hard facts - that's what Y Analytics has been created to provide.”

From Bill McGlashan, Co-Founder and CEO of The Rise Fund: “We face a daunting series of global economic and environmental challenges, and as the UN Sustainable Development Goals show, we have to activate the scalable engine of entrepreneurship to reach those heights. To do that, we need to help people better understand what creates real change and empower them to grow the solutions that work. Y Analytics will help inform capital in pursuit of change, ensuring that every dollar is used most effectively and providing a common language to pursue positive impact – narrowing the gap to reach the Sustainable Development Goals and advancing progress towards sustainability and economic inclusion.”

From Sir Ronald Cohen, Chair of the Global Steering Group for Impact Investment: “The launch of Y Analytics represents another step in the crucial effort to channel increasing investment to improve lives and the planet. It is a myth that impact is not capable of being reliably measured and compared. If impact investing is our rocket-ship to social improvement, impact measurement is our navigation system. I look forward to supporting Y Analytics efforts to accelerate the impact revolution’s advance.”

From Anders Strömblad, Head of External Management, AP2: “We support the Y Analytics mission in pursuit of a better understanding of how to drive positive social and environmental impact alongside market rate returns. For investors, impact cannot simply be a qualitative term, it should be intrinsic to and fully integrated in one’s business model and quantifiable. Y Analytics’ work to better understand and evaluate what creates impact and to track and assess it over time is vital; we all know why we need to consider social and environmental impact, but how we hold ourselves accountable to our goal is the crux of the issue.”

Y Analytics is an outgrowth of The Rise Fund and is informed in part by active investment experience, totaling nearly $2 billion across 25 investments in a variety of industry sectors and spanning markets around the world. Building on the work of The Rise Fund – in partnership with Bridgespan and KPMG – and staffed by a team of economists and researchers, Y Analytics will seek to translate research to help decision-makers evaluate impact at the front-end of the capital allocation process and manage impact rigorously thereafter. It will also collaborate with other organizations working creatively in this space and share its learnings to help advance knowledge in the field. It will focus on two primary streams of work:

    Creation, Advancement, and Stewardship of Research-based Disciplines – Building mechanisms and methodologies that bridge the divide between research communities, capital allocators, and other key decision-makers. Y Analytics will actively share the approaches and learnings with the public to help advance the field.
    Impact Assessment and Analytics Services – Helping investors make more effective, evidence-based decisions using a rigorous approach that curates and translates research to inform estimations of net impact in economic terms that an investment creates across several impact pathways.

Y Analytics will actively engage with leaders across a wide range of disciplines to ensure that it brings multiple perspectives into its work. Its Editorial Advisory Board includes Helene Gayle (President and CEO of The Chicago Community Trust and former CEO of CARE), Lenny Mendonca (Senior Partner Emeritus, McKinsey and Company), Judith Rodin (former President, Rockefeller Foundation and President Emerita, University of Pennsylvania), Laura Tyson (Distinguished Professor of the Graduate School, Haas School of Business and Chair, Board of Trustees, Blum Center for Developing Economies, University of California, Berkeley), and Robert J. Zimmer (President, University of Chicago). It is forming partnerships with leading research institutions, such as the Abdul Latif Jameel Poverty Action Lab at MIT, the World Resources Institute and with leading researchers who will serve as a Research Advisory Council. These partners will help Y Analytics develop a more thorough understanding of potential impact pathways and continually advance its work.

Y Analytics will partner with and serve a variety of organizations and industries over time.

About Y Analytics: Y Analytics is a new independent public benefit corporation, where research and capital converge for good. Y Analytics bridges the divide between decision-makers and the research community, leveraging a research-based approach to help better understand the impact of capital allocation decisions. Y Analytics will enable the increasing efficiency and reach of every dollar invested and ultimately help catalyze a sustainable future. The organization, which includes an in-formation, affiliated nonprofit is headquartered in Washington DC and led by CEO, Maryanne Hancock.





View source version on businesswire.com: https://www.businesswire.com/news/home/20190123005305/en/

Contacts

Frank Thomas
The Rise Fund
Frank.Thomas@therisefund.com
or
Francesca Gilmore
Freuds
Francesca.gilmore@freuds.com

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NMC ProVita Launches Home Dialysis Service

According to studies, patients who have dialysis at home have better treatment outcomes and improved self-reported quality of life


Abu Dhabi, United Arab Emirates-Sunday 27 January 2019 [ AETOS Wire ]

In the United Arab Emirates (UAE), there are reports of more than 2,000 patients receiving dialysis, and this number is expected to increase by 100% by 2023. The high incidence of chronic kidney disease (CKD) in the UAE has been attributed to the prevalence of diabetes, obesity and hypertension. Home dialysis offers patients a number of benefits, and NMC ProVita International Medical Center – a subsidiary of the UAE’s largest private healthcare provider, NMC Healthcare – is offering this service to patients in the UAE through Reaya M9umayaza.

Multiple studies have shown that patients who have dialysis at home have better treatment outcomes and improved self-reported quality of life. Home dialysis is less expensive, it reduces the risk of infection and the lack of travel time is a significant benefit, especially for people with mobility issues.
Home dialysis offers greater scheduling flexibility, fewer food restrictions and better outcomes. The treatment can also be administered for longer times and more frequently, which is less stressful for the patient’s body. For the majority of people, dialysis involves being connected to a machine in hospital three to four times per week for at least three hours each time, and some patients have to travel long distances to receive the treatment.

Mr. Abdulla, the son of a patient named Osha Saeed, said, “It is such a relief that my mother can have dialysis at her bedside now. We no longer need to travel back and forth to the hospital and she can receive the treatment in familiar surroundings.”

Prasanth Manghat, CEO and Executive Director of NMC Health, said, “We seek to enhance our patients’ quality of life with customised care and personalised services improving overall health and well-being of our communities. We are very pleased to offer this elite home service providing each patient with their own dialysis unit to reduce the risk of infection. This will improve the efficiency of our medical care while eliminating unnecessary travel time for patients and reducing the burden on the UAE’s inpatient dialysis centres.”

According to the National Kidney Foundation, 10 percent of the world’s population is affected by CKD. While home dialysis is relatively new here, in Australia, Canada, Denmark, Finland, Iceland, Mexico, the Netherlands and New Zealand, around 20% of the people who receive dialysis opt for home dialysis.

Contacts

SAHARA Communications

Rayan Sheety, Account Manager, +97143298996, +971504814861

r.sheety@saharapr.com | www.saharagcc.com

Permalink : https://www.aetoswire.com/news/nmc-provita-launches-home-dialysis-service/en

FLIR Launches Scion Thermal Monocular for Public Safety Professionals

New Scion Professional Thermal Monocular Features Connectivity with FLIR TruWITNESS Platform

WILSONVILLE, Ore.-Wednesday 23 January 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- FLIR Systems, Inc. (NASDAQ: FLIR) announced today the launch of the FLIR Scion™ Professional Thermal Monocular (PTM) for public safety professionals. The Scion PTM is powered by FLIR’s high-performance Boson® thermal core for greater image quality and features connectivity with FLIR TruWITNESS® to allow real-time encrypted thermal video streaming to provide professionals with greater situational awareness.

The rugged Scion PTM features FLIR’s most advanced thermal imaging core, which allows users to quickly detect objects with greater detail and offer clear vision in low visibility conditions. Available in a 60 hertz refresh rate, the Scion PTM features 2 gigabytes of internal storage and a microSD™ card slot to record both geotagged video or still images for later playback. Additional features include, picture-in-picture zoom, global positioning system (GPS) functionality, and both Bluetooth® and Wi-Fi capabilities to allow simple file transfer between devices.

When linked with the FLIR TruWITNESS wearable sensor platform built for city-level security and public safety operations, Scion PTM combines video, audio, and location data to allow organizations to stream thermal footage of any pursuit, evidence recovery, or search and rescue effort to the command center via wireless network.

“The FLIR Scion is FLIR’s most feature rich commercial thermal handheld monocular available, bringing a new level of technology to public safety agencies,” said Jim Cannon, President and CEO for FLIR Systems. “Additionally, the Scion PTM’s integration with FLIR TruWITNESS makes this an invaluable tool that will help provide public safety professionals with more information for real-time decision making in the field.”

The Scion PTM, which replaces FLIR’s H series monocular thermal cameras, is available now in the United States starting at $3,295 MSRP through established FLIR dealers. For more information, visit www.flir.com/scion.

About FLIR Systems

Founded in 1978 and headquartered in Wilsonville, Oregon, FLIR Systems is a world-leading maker of sensor systems that enhance perception and heighten awareness, helping to save lives, improve productivity, and protect the environment. Through its nearly 3,500 employees, FLIR’s vision is to be “The World’s Sixth Sense” by leveraging thermal imaging and adjacent technologies to provide innovative, intelligent solutions for security and surveillance, environmental and condition monitoring, outdoor recreation, machine vision, navigation, and advanced threat detection. For more information, please visit www.flir.com and follow @flir.



View source version on businesswire.com: https://www.businesswire.com/news/home/20190122005289/en/

Contacts
Media Contact
Tim McDowd
503-498-3148
Tim.mcdowd@flir.com

Investor Relations
Jay Gentzkow
503-498-3809
Jay.gentzkow@flir.com

https://www.aetoswire.com/news/flir-launches-scion-thermal-monocular-for-public-safety-professionals/en

Mary Kay Inc. Announces Two Executive Appointments in Supply Chain Operations

Global Beauty Brand Appoints Chaun Harper and Dr. Lucy Gildea to Executive Team


DALLAS-Saturday 26 January 2019 [ AETOS Wire ]

(BUSINESS WIRE)-- Mary Kay Inc., celebrating its 55th anniversary as a top beauty brand and direct seller in nearly 40 markets, announces the appointments of Chaun Harper as Senior Vice President – Chief Manufacturing Officer and Dr. Lucy Gildea as Senior Vice President – Chief Scientific Officer. In their new roles, Harper and Gildea will join the global cosmetics company’s executive team.

As Senior Vice President – Chief Manufacturing Officer, Chaun Harper will assume responsibility for global manufacturing operations, global inventory control, supply planning, transportation and global quality. Harper joined Mary Kay Inc. in 2014 as Director of Production Operations. During his tenure, Harper has been instrumental in creating a culture of continuous improvement at Mary Kay’s manufacturing facility including dramatically increasing production efficiency and implementing key development opportunities for employees to elevate technical skills and advance their careers. Prior to joining the iconic beauty company, Harper worked for L’Oréal where he held several positions within both the operations and quality functions.

As Senior Vice President – Chief Scientific Officer, Dr. Lucy Gildea will continue to lead Mary Kay Inc.’s research and development operations. Since joining the iconic beauty company in 2017, Dr. Gildea has worked to execute the company’s global product strategy and innovation pipeline. With a global portfolio of more than 1,400 patents for products, technologies and packaging systems, Mary Kay has fostered a culture of innovation and invests millions of dollars annually in research and development. Dr. Gildea will be key in leading the company innovatively into the next generation. Prior to joining Mary Kay Inc., Dr. Gildea spent 15 years at Procter and Gamble, working in health care, oral care, beauty technology and beauty/skin development.

“In a relatively short period of time, both Chaun and Lucy have made significant contributions and proven to be instrumental in Mary Kay’s research, development, and supply chain operations,” said Deborah Gibbins, Chief Operating Officer for Mary Kay Inc. “In their new roles as members of the company’s executive team, Chaun and Lucy will work to ensure global and regional alignment of strategy and plans for Mary Kay® products. As one of the top innovators in the direct selling and cosmetic industries, Mary Kay is a cosmetics powerhouse with more than 700 products in our global portfolio. As we continue to produce best-in-the-industry products, we are proud to appoint Chaun and Lucy to these executive positions knowing their leadership and expertise will be invaluable as we build on our efforts to enrich women’s lives worldwide.”

Harper earned a Bachelor of Science in Chemistry from Arkansas Tech University in Russellville, Ark. and a Master of Business Administration from Webster University in St. Louis, Mo. Dr. Gildea earned a Bachelor of Science in Biology from Georgetown College in Georgetown, Ky. and a PhD in Cell and Molecular Biology, Immunology and Infectious Diseases from the University of Cincinnati.

About Mary Kay

At Mary Kay, success lies in our dedication to irresistible products, a rewarding opportunity and positive community impact. For 55 years, Mary Kay has inspired women to achieve their entrepreneurial goals in nearly 40 countries. As a multibillion-dollar company, we offer the latest in cutting-edge skin care, bold color cosmetics and fragrances. Discover more reasons to love Mary Kay at www.marykay.com.



View source version on businesswire.com: https://www.businesswire.com/news/home/20190124005055/en/

Contacts

Mary Kay Inc. Corporate Communications
marykay.com/newsroom
972.687.5332 or media@mkcorp.com

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