Graduate Management Admission Council Appoints Joy Jones as Incoming CEO

Jones to succeed Sangeet Chowfla as head of the global association representing leading graduate business schools

GMAC Incoming CEO Joy Jones

GMAC Incoming CEO Joy Jones

RESTON, Va., Aug. 08, 2022 (GLOBE NEWSWIRE) — The Graduate Management Admission Council (GMAC), a global association of leading graduate business schools, today announced the appointment of Joy Jones as the organization’s CEO-Elect. Jones currently serves as GMAC’s chief product officer and general manager of assessments, a role she has held since July 2017. The announcement came after current CEO Sangeet Chowfla announced his intention to step down from the position earlier this year, and an extensive search executed by a global executive recruiting firm. The GMAC board of directors unanimously voted to elect Jones, who will become GMAC’s fourth CEO as of October 1, 2022.

“With more than a hundred interested candidates from around the world, the Board conducted extensive interviews and thorough evaluations over the past months and was thrilled to find the best person to lead the organization from within,” said Jon Erickson, chairman of the GMAC board of directors and former president of education and career services at ACT. “Besides her proven success with growing GMAC products and services and deep understanding of the graduate management education industry we represent, we were especially impressed by Ms. Jones’s vision, intellect, composure, and ability to relate to people.”

Jones joined GMAC five years ago with the responsibility for holistically managing the Council’s assessments and preparation portfolio, which includes the Graduate Management Admission Test™ (GMAT™) exam—the most widely used assessment by business schools worldwide and relied on by more than 7,500 business school programs, the NMAT by GMAC™ exam, Executive Assessment, and associated assessment preparation materials. She was instrumental in navigating through challenging times during the COVID-19 pandemic with a rapid launch of the online delivery of all GMAC assessment solutions. Earlier this year, under her stewardship, GMAC debuted Business Fundamentals Powered by Kaplan, a new GMAC product line of “micro” courses in statistics, accounting, and finance to help prepare business school aspirants and admitted students for success in their graduate programs.

“It is a great honor for me to be chosen to lead a long-standing and highly regarded organization like GMAC, with an outstanding 70-year history of connecting talent with opportunity through higher education,” said Jones. “As the organization enters into a new chapter in an ever-evolving global business environment, focused on innovation and growth as well as diversity and inclusion, I look forward to continuing to work alongside my dedicated colleagues at GMAC and in the business school community to advance graduate management education and ensure that talented people have the opportunity to improve the world we live in.”

Throughout her career, Jones has been a transformational leader in a variety of roles spanning strategy, product, sales, business development, and operations, with expertise in leveraging new technologies to create innovative solutions for global markets. Prior to joining GMAC, Jones had a 13-year tenure at the Associated Press (AP) which culminated as their Vice President of Global Products, overseeing all product portfolio and distribution platform management across the company’s multimedia content licensing, advertising, and content service businesses. Prior to AP, Jones worked at Cap Gemini Ernst & Young, where she was an executive with the Strategic Advisory Services and Telecom Media Networks consulting practices. She earned her MBA at Stanford University and holds a bachelor’s degree in mathematics and applied sciences from the University of California, Los Angeles (UCLA), where she graduated with honors.

Jones will succeed Sangeet Chowfla, who has chosen to step down for a new phase of his life after nearly a decade at the helm of GMAC. Chowfla joined GMAC in 2013 and served as President and CEO since 2014. During his tenure, Chowfla drove an extraordinary period of transformation and diversification for GMAC, including establishing regional offices in China, India, and the U.K., and oversaw three acquisitions of complementary products and services designed to help foster connections with candidates and schools, namely NMAT by GMAC, BusinessBecause, and The MBA Tour. He also helped redefine the GMAC brand in renewing focus on serving member schools and uniting the industry to solve common problems and created additional value for schools through expanding our research programs, conferences, and events. Chowfla will continue as an advisor through the end of the year to be available for a smooth and orderly transition.

“Sangeet Chowfla joined the organization during a period of disruption in the industry that only intensified with the advent of the pandemic and global geopolitical challenges,” said Erickson. “We are grateful for his service and the extraordinary growth and evolution that has enabled us to build long-term strategies and position our association for the future to continue serving schools and candidates.”

“It has been an honor and privilege to lead this great organization in a time of change,” said Chowfla. “GMAC’s mission, its people, and the connections that it fosters are truly unique. I look back with some satisfaction that we have built a stronger and more resilient GMAC that is leaner, more diversified in its service offerings, and more global in its outlook. Joy and I have worked closely over the years, and I leave secure in knowing that she has the vision and capability to lead the organization and take it forward.”

About GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. Founded in 1953, GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC’s websites, including mba.com, to learn about MBA and business master’s programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master’s programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
202-390-4180 (mobile)
thsu@gmac.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b997ea7e-87f4-4d87-979a-e5ecde0379fc

Chinese secret police warned exiled Hong Kong businessman over parliament plan

China’s state security police threatened an overseas Hong Kong businessman who recently announced plans to set up a parliament-in-exile with repercussions for his family members who remain in the city, RFA has learned.

Hong Kong’s national security police said last week they are investigating former pro-democracy lawmaker-elect Baggio Leung, overseas businessman Elmer Yuen and journalist Victor Ho for “subversion of state power” under a draconian national security law after they announced plans to set up the overseas parliament.

“They warned me in advance [not to go ahead with the plan], but I ignored them,” Yuen told RFA in a recent interview, saying he had been contacted by state security police in Beijing, not the national security unit of Hong Kong’s police force.

“They gave me a number of warnings, [including] saying I still have family members in Hong Kong,” he said, adding that there “no point” in worrying about it.

Yuen’s comments came as his daughter-in-law Eunice Yeung, a New People’s Party member of the current Legislative Council (LegCo) whose members were all pre-approved by Beijing ahead of the last election, took out an advertisement in Hong Kong’s Oriental Daily News, publicly severing ties with her father-in-law.

“I Eunice Yung, a Chinese person with the blood of our mighty motherland running in my veins … hereby declare that I am cutting off Elmer Yuen as my father-in-law, following his investigation under the national security law for suspected incitement to subvert state power,” the ad, signed by Yung and dated Aug. 5, said.

Yuen said he still plans to go ahead with the Hong Kong Parliament, which will offer a fully democratic vote to all Hongkongers, regardless of location.

“This definitely is a touchy subject for [the ruling Chinese Communist Party (CCP)] right now because nobody who lives in Hong Kong or mainland China is legitimately represented in government,” he said, drawing parallels with Yung’s actions and the political divisions sown within families during the public denunciations, ‘struggle sessions’ and kangaroo courts of the Cultural Revolution (1966-1976).

“Stuff like this never used to happen in Hong Kong, but now that the CCP has enacted the national security law, they have forced [Yung] to draw a clear line between her and me,” he said.

“This used to happen in mainland China during the Cultural Revolution, when they would get family members of somebody they planned to denounce to cut them off,” he said. “Personally, I don’t think it’s a big deal, but you have to understand that this is the CCP, something that we Hongkongers have never experienced before, so we think it’s a big thing.”

“First of all, [Yung] wants to keep her seat in LegCo … she wants to protect her family; she has a husband and two kids,” he said.

Former Beijing adviser Lew Mon-hung said Yung’s move likely didn’t go far enough.

“I think she should draw an ideological and political line, not just talk in terms of … family ethics and relationships, which isn’t very specific, and is cultural [rather than political],” Lew told RFA. “She is just trying to politically correct, but lacks political wisdom.”

Lew said Yung should give media interviews illustrating the political reasons for her split with Yeung, or write an article backing up her position in terms of the national security law and Hong Kong’s Basic Law.

Chinese political commentator Lin Feng said the comparisons being drawn with the Cultural Revolution are apt.

“During the Cultural Revolution … those being cut off were generally intellectuals or officials who had just lost their social status, and reduced from being intellectuals or officials to the status of ordinary people,” Lin told RFA. “But for Hong Kong people, what is really unbearable is the freezing and confiscation of their assets under the national security law.”

“It’s hard for them to cope with the slightest change in social status, which makes the middle class very vulnerable.”

Forty-seven former opposition lawmakers and democracy activists are currently behind bars awaiting trial on the same “incitement to subversion” charge for their involvement in a 2020 democratic primary election aimed at maximizing the number of opposition seats in LegCo.

Soon after the primary, the government postponed the LegCo elections and rewrote the rules to force candidates to undergo vetting by a committee overseen by the ruling Chinese Communist Party (CCP) and national security police, effectively barring any pro-democracy candidates from running.

“The Security Bureau appeals to the public to dissociate themselves from individuals contravening the Hong Kong National Security Law, and the illegal activities those individuals organized, so as to avoid bearing any unnecessary legal risks,” a spokesman said in a statement.

Yuan, Ho and Leung are part of a group that announced the parliament-in-exile plan in Canada on July 27, along with plans to hold the first election under universal suffrage in late 2023.

Leung, who is also known by the English names Baggio and Sixtus, was expelled along with five other newly elected Legislative Council (LegCo) members after China’s National People’s Congress ruled their oaths of allegiance invalid in 2016.

Translated and edited by Luisetta Mudie.

China keeps up war games with anti-sub, sea assault practice near Taiwan

The Chinese military carried out anti-submarine and sea assault drills in waters around Taiwan on Monday, keeping up the pressure after major four-day drills an angry Beijing staged response to the U.S. House Speaker Nancy Pelosi’s visit last week, military sources said.

China also announced a series of new military drills in the South China Sea and in the Yellow Sea and Bohai Sea, waters that lie between the Chinese mainland and the Korean peninsula. 

The Eastern Theater Command of the Chinese People’s Liberation Army (PLA) said on its official WeChat account that the Command’s forces “continued to conduct practical joint exercises in the sea and airspace around Taiwan Island, focusing on organizing joint anti-submarine and sea assault operations” on Aug. 8.

On Sunday, the last day of the scheduled military exercise announced on Aug. 3, the PLA sent 14 warships and 66 aircraft to areas surrounding Taiwan in attack simulation drills, the Taiwanese Ministry of National Defense said, adding that 22 of the airplanes crossed the median line of the Taiwan Strait.

The ministry “monitored the situation and responded to these activities with aircraft in CAP (Combat Air Patrol), naval vessels, and land-based missile systems,” it said in a statement.

Taiwan military’s Fourth Combat Zone will also hold two large-scale, live-fire artillery drills in Pingtung in southern Taiwan on Tuesday and Thursday this week to test its combat readiness.

The drills will include the artillery command, infantry troops and the coastguard, the military said.

Eastern Theatre Command of China’s PLA conducts a long-range live-fire drill into the Taiwan Strait, from an undisclosed location, Aug. 4, 2022. Credit: PLA Eastern Theater Command Handout via REUTERS
Eastern Theatre Command of China’s PLA conducts a long-range live-fire drill into the Taiwan Strait, from an undisclosed location, Aug. 4, 2022. Credit: PLA Eastern Theater Command Handout via REUTERS

Numerous new exercises

On Saturday, China announced a new series of military drills including a month-long operation in Bohai Sea.

China’s Maritime Safety Administration released navigation warnings saying live-fire exercises will be held from Aug. 6 to Aug. 15 in the southern part of the Yellow Sea between China and South Korea, and gunnery drills from Aug. 8 to Aug. 9 and Aug. 9 to Aug.11 in the South China Sea. 

A navigation warning is a public advisory notice to mariners about changes to navigational aids and current marine activities or hazards including fishing zones and military exercises.

A separate military exercise was conducted in the northern part of the Bohai Sea on Friday and Saturday.

Local Taiwanese media reported that a month-long military operation will take place in Bohai Sea starting Aug. 8 until Sept. 8.

“I think the military exercises aren’t really going to stop,” said Mark Harrison, a senior lecturer in Chinese studies at the University of Tasmania in Australia.

“Beijing has used Pelosi’s visit as a pretext to create a “new normal” in the Taiwan Strait,” Harrison added.

Nancy Pelosi became the most senior U.S. official to visit Taiwan in the last 25 years last week and Beijing repeatedly warned against the visit, threatening “strongest countermeasures.”

Chinese media quoted several analysts as saying that military drills near Taiwan will become routine if “external interference” continues.

“The military exercises around Taiwan, although having been quite restrained, are meant to show that Beijing is by no means a ‘paper tiger’,” said Sonny Lo, a veteran political commentator in Hong Kong.

“Most importantly, Chinese military exercises near Taiwan are becoming a normal phenomenon, raising the specter of a possible military conflict or accident between the two sides,” Lo said.

On Saturday and Sunday, Chinese forces staged what could be seen as simulated attacks on Taiwan.

“The focus on Sunday was set on testing the capabilities of using joint fire to strike land targets and striking long-range air targets,” reported the PLA Daily.

“Supported by naval and air combat systems, the air strike forces, together with long-range multiple launch rocket systems and conventional missile troops, conducted drills of joint precision strikes on targets,” the paper reported.

U.S. House of Representatives Speaker Nancy Pelosi attends a meeting with Taiwan President Tsai Ing-wen at the presidential office in Taipei, Aug. 3, 2022. Credit: Taiwan Presidential Office Handout via REUTERS
U.S. House of Representatives Speaker Nancy Pelosi attends a meeting with Taiwan President Tsai Ing-wen at the presidential office in Taipei, Aug. 3, 2022. Credit: Taiwan Presidential Office Handout via REUTERS

What’s next?

This “largest ever PLA air-missile-maritime exercise ever conducted” has provided some insights into China’s potential courses of action and

preferences in a China-Taiwan conflict, said Carl Schuster, a retired U.S. Navy captain turned military analyst.

“It suggests Beijing would first isolate Taiwan and resort to air and missile strikes in hopes of breaking Taipei’s political will. A costly invasion probably is a last resort,” said Schuster, who also served as a director of operations at the U.S. Pacific Command’s Joint Intelligence Center.

“The exercise demonstrated that blockade in a conflict need

not require a constant naval presence offshore, but rather, shipping and air traffic can be deterred by air and missile threats in support of a maritime blockade,” the analyst said, adding that it “also reflected the

PLA’s improving capacity for joint operations.”

During the four days of Chinese military drills, Taiwan saw up to a thousand international flights being affected and the Taiwanese aviation administration had to discuss alternative routes with Japan and the Philippines.

A full military blockade would “paralyze Taiwan’s economy and seriously diminish the society’s confidence,” said commentator Sonny Lo in Hong Kong.

“However China usually focuses on the “core enemies” such as the leaders of Taiwan’s ruling Democratic Progressive Party, rather than the whole Taiwanese population,” Lo said, predicting that the cross-strait relations will stay tense until at least the next Taiwan presidential election in early 2024.

“Taiwan needs to quickly strengthen its international relations and its military capacity,” said Mark Harrison from the University of Tasmania, who argued that Beijing “will wipe out a vibrant democracy if it seizes control of Taiwan.”

The Taiwanese government needs to focus on expanding defense resources and to enact smart and effective defense strategies, according to Drew Thompson, a former U.S. defense official and senior visiting fellow at the Lee Kuan Yew School of Public Policy at the National University of Singapore.

“Smaller countries that have great disadvantages have had tremendous success in the last few decades against much larger, more capable militaries because they adopted asymmetric strategies,” Thompson said.

“So if Taiwan adopts an asymmetric strategy, they will do quite well, comparatively.”

Winners Announced in the Seventh Annual Stevie® Awards for Great Employers

Top Winners Include IBM and Tata Consultancy Services

2022 Stevie Awards for Great Employers Winners Announced

These awards recognize the world’s best employers and the human resources professionals, teams, achievements, and HR-related products and suppliers who help to create and drive great places to work.

FAIRFAX, Va., Aug. 08, 2022 (GLOBE NEWSWIRE) — Winners in the 2022 (seventh annual) Stevie® Awards for Great Employers, an international competition, were announced today. The awards recognize the world’s best employers and the human resources professionals, teams, achievements, and HR-related products and suppliers who help to create and drive great places to work.

Among the organizations with the most Stevie-winning nominations are IBM, worldwide (27 Gold, Silver, and Bronze wins), Tata Consultancy Services, worldwide (23), Enerjisa Enerji, Turkey (21), Bank of America, USA (18), Cathay United Bank, Taiwan (10), Globe Telecom, Inc., Philippines (10), MİGROS, Turkey (10), Abu Dhabi Customs, United Arab Emirates (8), DHL Global Forwarding, Germany (8), Sabanci Holding, Turkey (8), İGA (İstanbul Grand Airport), Turkey (7), Megaphone, Australia (7), and NEQSOL HOLDING, Azerbaijan (7).

Visit www.StevieAwards.com/HR for a full list of winners by category.

Next week two Grand (“best of show”) Stevie Award winners will be announced. One will go to the nomination that received the highest average score from the judges. The other, for Organization of the Year, will go to the entrant with the most award points earned in the competition.

The Grand, Gold, Silver, and Bronze Stevie Award winners will be celebrated during an awards banquet on September 17 at Caesars Palace in Las Vegas. Tickets for the event are now on sale.

More than 950 nominations from organizations in 26 nations were evaluated in this year’s competition. Winners were determined by the average scores of more than 100 professionals worldwide, acting as judges. Winners in the Employer of the Year categories, sponsored by HiBob, were determined by a unique blending of the average scores of the professional judges and more than 80,000 votes by the general public.

The Stevie Awards for Great Employers recognize achievement in many facets of the workplace. Categories include:

  • Employer of the Year
  • HR Achievements
  • HR Individual Awards
  • HR Team Categories
  • Solution Provider Awards
  • COVID-19 Response
  • More than 50 New Product & Service Categories
  • Thought Leadership

The awards are presented by the Stevie Awards, which organizes eight of the world’s leading business awards programs including the prestigious International Business Awards® and American Business Awards®.

About the Stevie Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

About HiBob
HiBob is a modern HR platform designed for modern business. HiBob’s intuitive and data-driven platform, ‘Bob’, was built for the way people work today: globally, remotely, and collaboratively. Since its launch in late 2015, HiBob has achieved consecutive triple-digit year-over-year revenue growth and become the HR platform of choice for more than 2,500 modern, midsize, and multinational companies who understand that a powerful, agile HR tech suite is mission critical and a key driver of organizational success. Dynamic companies across the globe such as Cazoo, Gong, Hopin, Monzo, Happy Socks, Fiverr, and VaynerMedia rely upon Bob to help HR and managers connect, engage, develop and retain top talent. For more information about HiBob, visit www.hibob.com.

Contact:
Nina Moore
Nina@StevieAwards.com
+1 (703) 547-8389

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3be33011-bf0f-469a-ac50-1f037f0aa9c3

J.M. Huber Corporation Signs Agreement to Acquire the Biolchim Group From NB Renaissance, Chequers Capital and Management Team

ATLANTA, Aug. 08, 2022 (GLOBE NEWSWIRE) — J.M. Huber Corporation (Huber)—a global, family-owned specialty engineered materials manufacturing company—announced today that it has signed a binding agreement to acquire full control of the Biolchim Group from NB Renaissance, Chequers Capital and the Biolchim Group management team. The Biolchim Group, managed and headed by Galileo Quattro SARL, has its main operating base in Italy and is a leading producer and distributor of a full range of specialty plant nutrition and biostimulants. Closing of the sale, anticipated to occur by the end of 2022, is subject to customary closing conditions including the foreign direct investment approval in Italy.

All the companies in the Biolchim Group—including Biolchim S.p.A, Cifo, Ilsa S.p.A, Matécsa Kft, and West Coast Marine-Bio Processing Corp.—are within the scope of the purchase. The Biolchim Group operates eight production plants globally and its products—biostimulants, trace elements, and water soluble, liquid and foliar fertilizers—are present in over 70 countries worldwide. The Biolchim Group has a rich 50-year history of serving the agricultural industry.

Upon close of the sale, the Biolchim Group will become part of Huber Engineered Materials (HEM), a company within the Huber portfolio of businesses. The Biolchim Group will be a key part of the strategic foundation of the Huber AgroSolutions (HAS) business unit of HEM that currently includes Miller Chemical & Fertilizer (Miller).

Leonardo Valenti, CEO of the Biolchim Group since 2008 and a pioneer in the plant nutrition industry, will remain committed to lead the Biolchim Group through the next phase of growth and the integration, leveraging the synergy potential of the strategic combination of both entities.

Huber AgroSolutions’ vision is to become a leading formulator of sustainable, high-performing agricultural products globally. The acquisition of the Biolchim Group, which has achieved impressive growth due to its broad offering of biostimulant and specialty nutritional products, significantly advances this vision by bringing an innovative and entrepreneurial workforce and culture to HAS. Together the companies share a culture that is deeply committed to plant nutrition and the success of its many customers around the globe.

The complementary sales footprint of both companies will enable expanded customer and product access into key agricultural regions globally. In addition to remaining committed to serve the Biolchim Group’s existing customer base, this also ideally positions HAS to advance the sales of the Biolchim Group’s products through its strong relationships with US-based growers and its complementary distribution network in Latin America and select countries in Europe, the Middle East and Africa. The Biolchim Group’s sales channels are ideally suited to advance the sales of various Miller products via its strength in Europe and its global subsidiary network.

“I am excited and energized about this opportunity to combine two successful businesses, Miller and the Biolchim Group,” says David Riley, Senior Vice President and General Manager of Huber AgroSolutions. “I am also thankful to Mr. Valenti for his leadership and support as we transition the Biolchim Group and Miller to the next phase of growth.”

Leonardo Valenti, CEO of the Biolchim Group, says, “The strategic combination of the Biolchim Group and Huber AgroSolutions will be transformative since the companies have complementary commercial and product offerings, as well as industry-leading technologies and research capacities. We are both eager to collaborate, share knowledge and build on each other’s capabilities. The agreement will open up new growth ambitions and will position us as a leading player in specialty nutrition globally. I am excited about the promising future for the company, and I am grateful to NB Renaissance and Chequers Capital for the continuous support received over the past several years through the implementation of the Biolchim Group’s value creation plan and the key strategic decisions.”

“Miller and the Biolchim Group create a powerful combination of brands, people and specialty products that will bring tremendous value to our respective customers globally,” says Dan Krawczyk, President of HEM. “We’re extremely excited to welcome the Biolchim Group’s employees to Huber given the similarities in our cultures, values and goals. Together we will work to shape the future of the organization and build a leading global business in the agriculture industry.”

Gretchen McClain, President and CEO of J.M. Huber Corporation, adds, “This combination furthers our commitment to provide innovative products and solutions to the global agriculture industry. Enabling food security for people around the world supports Huber’s overall sustainability commitment and strategy.”

Huber is being advised on the purchase by Rabobank and Jefferies, and Jones Day is acting as legal counsel to Huber on the transaction.

About J.M. Huber Corporation
J.M. Huber Corporation, headquartered in Atlanta, Georgia (US), operates a diverse portfolio of companies: CP Kelco, Huber Engineered Materials, Huber Engineered Woods and Huber Resources Corp. With locations around the world, our businesses create products used in a broad range of applications including personal care, food and beverage, agricultural nutrients and adjuvants, building materials, flame retardants and smoke suppressants, as well as sustainable forestry services. Founded in 1883, Huber is one of the largest family-owned companies based in the US. For more information, visit www.huber.com.

About Huber Engineered Materials
Huber Engineered Materials (HEM), headquartered in Atlanta, Georgia (US) is focused on engineered specialty chemical and minerals that enhance the performance, appeal and processing of a broad range of products used in industrial, agricultural and consumer applications. HEM’s AgroSolutions strategic business unit also has a portfolio of high value agricultural nutrients and adjuvants that it delivers to customers in the agriculture industry through a global network of distributors. For more information, visit www.hubermaterials.com.

MEDIA CONTACT:
Lea Volpe
Director, Corporate Communications
J.M. Huber Corporation
678.247.7128 phone
lea.volpe@huber.com

J.M. Huber Corporation ลงนามในข้อตกลงเพื่อเข้าซื้อกลุ่ม Biolchim จาก NB Renaissance, Chequers Capital และทีมผู้บริหาร

แอตแลนตา, Aug. 08, 2022 (GLOBE NEWSWIRE) — J.M. Huber Corporation (Huber) ซึ่งเป็นบริษัทผลิตวัสดุทางวิศวกรรมเฉพาะทางระดับโลกที่ดำเนินกิจการโดยครอบครัวได้ประกาศในวันนี้ว่า บริษัทได้ลงนามในข้อตกลงที่มีผลผูกพันเพื่อเข้าควบคุมกลุ่ม Biolchim อย่างเต็มรูปแบบจาก NB Renaissance, Chequers Capital และทีมผู้บริหารของ Biolchim Group กลุ่ม Biolchim Group ได้รับการจัดการและนำโดย Galileo Quattro SARL มีฐานปฏิบัติการหลักในอิตาลี อีกทั้งยังเป็นผู้ผลิตชั้นนำและจัดจำหน่ายสารอาหารพืชชนิดพิเศษและสารกระตุ้นชีวภาพแบบครบวงจร การปิดการขายคาดว่าจะเกิดขึ้นภายในสิ้นปี 2022 ซึ่งจะอยู่ภายใต้เงื่อนไขการปิดการขายตามธรรมเนียมรวมถึงการอนุมัติการลงทุนโดยตรงจากต่างประเทศในอิตาลี

บริษัททั้งหมดในกลุ่ม Biolchim ซึ่งรวมถึง Biolchim S.p.A, Cifo, Ilsa S.p.A, Matécsa Kft และ West Coast Marine-Bio Processing Corp. จะอยู่ในขอบเขตของการซื้อนี้ กลุ่ม Biolchim มีโรงงานผลิตแปดแห่งทั่วโลก และผลิตภัณฑ์ของบริษัท ได้แก่ สารกระตุ้นชีวภาพ จุลธาตุ ปุ๋ยเคมีเหลวและปุ๋ยทางใบที่ละลายน้ำได้นั้นมีให้บริการอยู่กว่า 70 ประเทศทั่วโลก กลุ่ม Biolchim มีประวัติอันยาวนานถึง 50 ปีในการให้บริการในแวดวงอุตสาหกรรมการเกษตร

เมื่อปิดการขายแล้ว กลุ่ม Biolchim จะกลายเป็นส่วนหนึ่งของ Huber Engineered Materials (HEM) ซึ่งเป็นบริษัทที่อยู่ในกลุ่มธุรกิจของ Huber กลุ่ม Biolchim จะเป็นส่วนสำคัญของรากฐานเชิงกลยุทธ์ของหน่วยธุรกิจ Huber AgroSolutions (HAS) ของ HEM ซึ่งปัจจุบันได้รวม Miller Chemical & Fertilizer (Miller) เอาไว้ด้วย

Leonardo Valenti ผู้เป็นซีอีโอของ Biolchim Group ตั้งแต่ปี 2008 และเป็นผู้บุกเบิกในอุตสาหกรรมสารอาหารพืช จะยังคงรับหน้าที่เป็นผู้นำกลุ่ม Biolchim ตลอดระยะของการเติบโตและการรวมกลุ่มต่อไป โดยจะใช้ประโยชน์จากศักยภาพการทำงานร่วมกันของการผสมผสานเชิงกลยุทธ์ของทั้งสองหน่วยงาน

วิสัยทัศน์ของ Huber AgroSolutions คือการเป็นผู้นำด้านผลิตภัณฑ์ทางการเกษตรที่ยั่งยืนและมีประสิทธิภาพสูงทั่วโลก การเข้าซื้อกิจการของกลุ่ม Biolchim ซึ่งประสบความสำเร็จในการเติบโตอย่างน่าประทับใจเนื่องจากการเสนอผลิตภัณฑ์สารกระตุ้นชีวภาพและผลิตภัณฑ์สารอาหารพิเศษที่หลากหลายนั้นได้ทำให้วิสัยทัศน์นี้ก้าวหน้าอย่างมากด้วยการนำแรงงานและวัฒนธรรมที่เป็นนวัตกรรมและมีความเป็นผู้ประกอบการมาสู่ HAS บริษัทต่าง ๆ ร่วมกันแบ่งปันวัฒนธรรมที่มุ่งมั่นอย่างลึกซึ้งในด้านสารอาหารพืชและความสำเร็จของลูกค้าจำนวนมากทั่วโลก

ยอดขายที่เพิ่มขึ้นของทั้งสองบริษัทจะช่วยให้ลูกค้าและตัวผลิตภัณฑ์สามารถเข้าถึงพื้นที่การเกษตรที่สำคัญทั่วโลกได้มากขึ้น นอกเหนือจากความมุ่งมั่นในการให้บริการฐานลูกค้าที่มีอยู่ของกลุ่ม Biolchim แล้ว ทางกลุ่มก็ยังได้วางตำแหน่ง HAS ให้ก้าวหน้าในการขายผลิตภัณฑ์ของกลุ่ม Biolchim ผ่านความสัมพันธ์ที่แน่นแฟ้นกับผู้ปลูกในสหรัฐฯ และเครือข่ายการจัดจำหน่ายเสริมในละตินอเมริกาและบางประเทศในยุโรป อีกทั้งในตะวันออกกลางและแอฟริกาอีกด้วย ช่องทางการขายของกลุ่ม Biolchim นั้นเหมาะสมอย่างยิ่งที่จะเพิ่มยอดขายผลิตภัณฑ์ต่าง ๆ ของ Miller ผ่านจุดแข็งในยุโรปและเครือข่ายสาขาทั่วโลก

David Riley รองประธานอาวุโสและผู้จัดการทั่วไปของ Huber AgroSolutions กล่าวว่า “ผมรู้สึกตื่นเต้นและมุ่งมั่นเกี่ยวกับโอกาสในการรวมธุรกิจสองธุรกิจได้แก่ Miller และ Biolchim Group เข้าด้วยกัน ซึ่งทั้งสองต่างก็เป็นธุรกิจที่ประสบความสำเร็จ” “ผมยังรู้สึกขอบคุณคุณ Valenti ด้วยในเรื่องความเป็นผู้นำและการสนับสนุนของเขาในช่วงเวลาที่เรากำลังเปลี่ยนกลุ่มบริษัท Biolchim และ Miller เพื่อไปสู่การเติบโตในระยะต่อไป”

Leonardo Valenti ซีอีโอของกลุ่ม Biolchim กล่าวว่า “การผสมผสานเชิงกลยุทธ์ของกลุ่ม Biolchim และ Huber AgroSolutions นั้นจะทำให้เกิดการเปลี่ยนแปลง เนื่องจากบริษัทต่างก็มีข้อเสนอเชิงพาณิชย์และผลิตภัณฑ์เสริมกัน อีกทั้งยังมีเทคโนโลยีชั้นนำของอุตสาหกรรมและความสามารถในการวิจัยอีกด้วย เราทั้งคู่ต่างก็กระตือรือร้นที่จะทำงานร่วมกัน แบ่งปันความรู้ และสร้างขีดความสามารถของกันและกัน ข้อตกลงดังกล่าวจะเปิดประตูสู่ความทะเยอทะยานในการเติบโตใหม่และจะทำให้เราเป็นผู้นำด้านสารอาหารพิเศษทั่วโลก ผมรู้สึกตื่นเต้นกับอนาคตที่สดใสของบริษัท และรู้สึกขอบคุณ NB Renaissance และ Chequers Capital สำหรับการสนับสนุนอย่างต่อเนื่องที่ทางเราได้รับในช่วงหลายปีที่ผ่านมาผ่านการดำเนินการตามแผนการสร้างมูลค่าของกลุ่ม Biolchim และการตัดสินใจเชิงกลยุทธ์ที่สำคัญ”

Dan Krawczyk ประธาน HEM กล่าวว่า “Miller และกลุ่ม Biolchim สร้างการผสมผสานที่ทรงพลังของแบรนด์ ผู้คน และผลิตภัณฑ์พิเศษที่จะนำคุณค่ามหาศาลมาสู่ลูกค้าของเราทั่วโลก” “เรารู้สึกตื่นเต้นเป็นอย่างยิ่งที่ได้ต้อนรับพนักงานของกลุ่ม Biolchim มายัง Huber เนื่องจากเราเองต่างก็มีความคล้ายคลึงกันทั้งในด้านของวัฒนธรรม ค่านิยม และเป้าหมาย เราจะทำงานร่วมกันเพื่อกำหนดอนาคตขององค์กรและสร้างธุรกิจชั้นนำระดับโลกในอุตสาหกรรมการเกษตร”

Gretchen McClain ประธานและซีอีโอของ J.M. Huber Corporation กล่าวเสริมว่า “การรวมกันนี้ช่วยส่งเสริมความมุ่งมั่นของเราในการจัดหาผลิตภัณฑ์และโซลูชันที่เป็นนวัตกรรมแก่อุตสาหกรรมการเกษตรทั่วโลก การทำให้เกิดความมั่นคงทางด้านอาหารสำหรับผู้คนทั่วโลกนั้นจะช่วยสนับสนุนความมุ่งมั่นและกลยุทธ์ด้านความยั่งยืนโดยรวมของ Huber”

Huber ได้รับคำแนะนำเกี่ยวกับการซื้อโดย Rabobank และ Jefferies ส่วนทางด้าน Jones Day นั้นทำหน้าที่เป็นที่ปรึกษากฎหมายให้กับ Huber ในการทำธุรกรรม

เกี่ยวกับ J.M. Huber Corporation

J.M. Huber Corporation ซึ่งมีสำนักงานใหญ่ในแอตแลนตา รัฐจอร์เจีย (สหรัฐอเมริกา) ดำเนินธุรกิจหลากหลายบริษัทได้แก่: CP Kelco, Huber Engineered Materials, Huber Engineered Woods และ Huber Resources Corp. โดยมีที่ตั้งอยู่ทั่วโลก ธุรกิจของเราสร้างผลิตภัณฑ์ที่นำไปใช้ในการใช้งานที่หลากหลาย ซึ่งได้แก่ในด้านการดูแลส่วนบุคคล อาหารและเครื่องดื่ม สารอาหารทางการเกษตรและสารเสริม วัสดุก่อสร้าง สารหน่วงไฟและเครื่องระงับควัน ตลอดจนบริการด้านป่าไม้อย่างยั่งยืน Huber ก่อตั้งในปี 1883 เป็นหนึ่งในบริษัทที่ดำเนินกิจการโดยครอบครัวที่ใหญ่ที่สุดในสหรัฐอเมริกา สำหรับข้อมูลเพิ่มเติม โปรดไปที่ www.huber.com

เกี่ยวกับ Huber Engineered Materials

Huber Engineered Materials (HEM) ซึ่งมีสำนักงานใหญ่ในเมืองแอตแลนตา รัฐจอร์เจีย (สหรัฐอเมริกา) มุ่งเน้นด้านเคมีภัณฑ์และแร่ธาตุพิเศษทางวิศวกรรมที่ช่วยเพิ่มประสิทธิภาพ ความน่าดึงดูด และการดำเนินการของผลิตภัณฑ์หลากหลายประเภทที่ใช้ในอุตสาหกรรม การเกษตร และการใช้งานสำหรับผู้บริโภค หน่วยธุรกิจเชิงกลยุทธ์ของ AgroSolutions ของ HEM ยังมีกลุ่มผลิตภัณฑ์สารอาหารทางการเกษตรที่มีคุณค่าสูงและสารเสริมที่ส่งมอบให้กับลูกค้าในอุตสาหกรรมการเกษตรผ่านเครือข่ายผู้จัดจำหน่ายทั่วโลกอีกด้วย สำหรับข้อมูลเพิ่มเติม โปรดไปที่ www.hubermaterials.com

ติดต่อด้านสื่อ: Lea Volpe
ผู้อำนวยการฝ่ายสื่อสารองค์กร
J.M. Huber Corporation โทรศัพท์ 678.247.7128
lea.volpe@huber.com