Changes on the Executive Board of Wacker Chemie’s Pension Fund
Munich – WEBWIRE – Friday, June 24, 2022
Leadership of the Pensionskasse der Wacker Chemie VVaG pension fund is about to change. Effective July 1, 2022, Götz Neumann, 63, chairman of the pension funds Executive Board, and Daniela Böning, 60, member of the pension funds Executive Board, will retire. They will be succeeded by Frank Reinhardt, 53, and Eva Appel, 49, who will take over at the same time as chairman and member of the Executive Board respectively.
During todays general meeting, Christian Hartel, chairman of the WACKER pension funds Supervisory Board, thanked both departing Executive Board members for their dedication and successful work: Both Daniela Böning and Götz Neumann can look back on a long and successful career within the WACKER Group. Daniela has been a member of the pension funds Executive Board since 2011 and Götz since 2016. Particularly in the last few difficult years, they have both shown great commitment in expertly steering our pension fund through choppy waters.
He wished both new Executive Board members well in their roles and emphasized: Both bring profound experience to their new roles in financial matters and from human resources, as well as labor and employment law.
Frank Reinhardt
After a professional training in banking, Frank Reinhardt studied business administration at Munichs Ludwig Maximilian University (LMU) and worked in various roles at Deutsche Bank from 1990. He joined the WACKER Group in 2004, becoming part of the former subsidiary Siltronic. Over the next few years, he held various management positions in finance and controlling before taking over as head of WACKERs Corporate Finance and Insurance department in 2014.
Eva Appel
After studying law at the Universities of Passau, Augsburg and Turin, Eva Appel worked from 2002 in law firms and companies before joining Wacker Chemie AG in 2004. She held various management positions in the companys human resources management, most recently as a legal advisor in the Executives & Board Services department, where she was concerned, among other things, with the development of executives, setting up respective development programs.
About the Pensionskasse der Wacker Chemie VVaG Pension Fund
With more than 18,100 people insured, total assets of around 2.7 billion and market-value assets of over 3 billion, the Pensionskasse der Wacker Chemie VVaG pension fund is one of the leading company pension plans in Germany. Today, a total of 17 member companies contribute to the WACKER pension fund, which was founded in 1928.
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WACKER is a technological leader in the chemical industry and manufactures products for all key global industries. It is active in the silicone, polymer, life sciences and polysilicon markets.
General Motors Co. announced today that Dan Ammann, Chief Executive Officer of Cruise, is leaving the company. Kyle Vogt, Cruise President and Chief Technical Officer, will serve as interim CEO. In addition, Wesley Bush, the former Chairman and CEO of Northrop Grumman and a GM board member, will join the Cruise Board.
Alongside this leadership change, GM will accelerate the strategy the company detailed in its recent Investor Day, in which Cruise will play an integral role in building GMs autonomous vehicle (AV) platform as GM aggressively pursues addressable AV markets beyond rideshare and delivery.
GM is deeply committed to its vision of zero crashes, zero emissions, zero congestion, and AV technology will play a critical role in realizing it. Under GMs ownership to date, Cruise has seized the leadership position in commercial autonomous ridesharing and has created significant value for both GM shareholders and Cruises minority shareholders.
By continuing to work together, GM and Cruise bring massive manufacturing and technological scale to autonomy that will rapidly drive costs down. The integrated strategy will also maximize GM and Cruises total addressable market by leveraging synergies, leading to greater, more sustainable value for both GM and Cruise shareholders.
Winnipeg, Manitoba– Agriculture and Agri-Food Canada The governments of Canada and Manitoba have agreed to increase the 2021 AgriStability interim benefit payment percentage from 50 per cent to 75 per cent for Manitoba producers, Federal Minister of Agriculture and Agri-Food Marie-Claude Bibeau and Manitoba Agriculture and Resource Development Minister Ralph Eichler announced today. The interim benefit provides the opportunity for producers who are enrolled in AgriStability to access a portion of their benefit early, to help support losses and cover costs. With this increase, Manitoba producers can apply for an interim benefit to receive 75 per cent of their estimated final 2021 benefit, before completing their program year. Manitoba is also invoking the late participation option for producers not currently participating in AgriStability. Payments to late participants will be reduced by 20 per cent prior to applying any other deductions or penalties. The interim benefit is calculated based on the estimated margin decline or loss for the year compared to the farming operation’s reference margin. The decline must be at least 30 per cent below the reference margin to access a payment. If a producer receives an interim benefit payment, they must still file all final program year forms and meet program requirements by the assigned deadlines. Manitoba will also be waiving AgriStability structural change for eligible 2022 program participants to ensure producers maintain their level of support and are not penalized for any significantly reduced productive capacity resulting from this year’s extreme weather events. AgriStability is an important tool that can help manage risks and financial losses because of poor yields, low commodity prices, or rising input costs. The program provides support when a producer experiences a large margin decline. Participants may be eligible for an interim payment as an advance on their final 2021 AgriStability benefit. The deadline to apply for an interim payment is March 31, 2022. Access AgriStability information with My AAFC Account, visit the AgriStability website www.agr.gc.ca/agristability or call toll-free at 1-866-367-8506 for more information. AgriStability is one of the business risk management (BRM) programs under the Canadian Agricultural Partnership. The Government of Manitoba, Manitoba Agriculture Services Corporation (MASC), and the Government of Canada, continue to stay in regular contact with producers, stakeholders, and provincial counterparts to confront the challenges of drought across Western Canada. “My heart goes out to those farmers and ranchers feeling the impacts of the drought. We are working closely with provinces to get farm families the support they need as soon as possible. By unlocking more AgriStability funds through interim payments and invoking late participation, we can get more cash in hand for farmers who are making tough decisions in a difficult situation. We will continue to support farm families to get them through the challenges we face today, and position them for a sustainable future, since we know climate change will continue to pose challenges.” – The Honourable Marie-Claude Bibeau, Federal Minister of Agriculture and Agri-Food “I have been working closely with Manitoba producer groups and we are looking for every way we can help in these challenging times. We have taken this additional step to provide our producers with support and this increase allows producers to access a larger portion of their final AgriStability benefit early.” – Ralph Eichler, Manitoba Agriculture and Resource Development Minister Oliver Anderson Platform Delivers New Non-Interest Income and Cardholder Value. Revenew announced the launch of its merchant-funded incentive program designed to promote card usage and card loyalty. Key to the program is Revenew’s first of its kind platform for financial institutions, which delivers new Non-Interest Income directly to the bank or credit union. The Revenew program introduces rapidly realized value back into the loyalty and rewards programs for financial institutions. “Financial institutions have watched the decline of content value in merchant funded, card linked programs. With our retailer category exclusivity, we now drive this value to a new higher level,” stated Kevin Davies, CEO, Revenew. “For us it’s all about delivering the new…New Non-Interest Income, New Cardholder Value, and New Interchange Income. We look forward to making a major impact on how our financial institution partners increase their income, cardholder share of wallet and customer loyalty.” “The Revenew program gave us three things we have been looking for – an increase in member value, a new income stream, and an increase in wallet share,” stated Jeff March, CEO, Citadel FCU. “We have had programs in the past but none provided this level of value to our cardholders, and Revenew pays us a non-interest income stream every month. For us it’s a triple win!” After initial deployment of the platform in the Greater Philadelphia area in April, Revenew will aggressively roll out the program nationally. “We will have nationwide coverage by the end of 2021 with a goal of supporting 50+ retailer brands and 50+ million cardholders,” shared Tim Wallace, Chairman of Revenew, LLC. “Our participating retailers and financial institutions have been frustrated with the lesser value offerings, typical of many card-linked programs. Revenew is different because we offer our partnering financial institutions extremely high cardholder value and direct income that is not typically seen at current loyalty programs. We’re a different company with a unique approach, and that is making a major impact.” About Revenew, LLC For More information visit, https://revenewllc.com/ Media Contact: Revenew, LLC, 200 Philips Road, Suite 201, Exton, PA 19341 (610) 859-6003Japan – MHI Announces Changes in Executive-level Personnel
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Director of Communications
Office of the Minister of Agriculture and Agri-Food
oliver.anderson@agr.gc.ca
613-462-4327Revenew Changes the Rules with the Launch of Next-Gen Value Added Platform for Financial Institutions
Revenew, LLC, is the developer of a powerful next-gen income generating and value add platform for financial institutions. The platform focuses on identifying, reaching and converting consumers from competitor spend and moving that spend to participating retailers. Committing to a category exclusive retailer allows Revenew to deliver higher value offers to cardholders and an income stream to financial institutions. In addition to its technology advances in algorithms and artificial intelligence, Revenew incorporates a fully functioning offer automation system that delivers specific offers down to the individual cardholder level. Begun by a core group of technology and FinTech executives in February of 2020, Revenew, LLC went live on April 13, 2021.
Stacie Wise
610-314-7199
swise@revenewllc.com
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