| Fortis transformation reflected in new top management structures
Fortis will restructure its top management as of 1 January 2008.[1] The Executive Committee will be recomposed and responsibilities redistributed. A Business Executive Committee - which will replace the Fortis Management Committee - will be installed and will operate in closest collaboration with a Group Executive Committee. Taking into account the Fortis managers who have already taken up responsibilities within ABN AMRO, Fortis is convinced it now has the adequate management structure in place, not only to guarantee the successful integration of the acquired businesses, but also to develop Fortis as a whole. 1. The Group Executive Committee will consist of: * Jean-Paul Votron, CEO and Executive Director (Audit reports directly to the CEO); * Herman Verwilst, Deputy CEO and Executive Director (Human Resources, Public and External Affairs, Business Transformation Office report to the Deputy CEO); * Gilbert Mittler, Member of the Group Executive Committee responsible for Finance, Risk and General Counsel; * Filip Dierckx, Member of the Group Executive Committee responsible for Merchant Banking; * Lex Kloosterman, Member of the Group Executive Committee responsible for Private Banking, Asset Management, Investor Relations and Corporate Social Responsibility; * Camille Fohl, Member of the Group Executive Committee responsible for Retail Banking and for Global Branding and Communications; * Peer van Harten, Member of the Group Executive Committee responsible for Insurance and for Real Estate; * Alain Deschênes, Member of the Group Executive Committee responsible for Technology and Information Services, Operations, Facility, Purchasing and Process Improvement.
Chase Paymentech Makes Gift Cards Easy for Small Businesses with All ...
DALLAS, Nov. 9 /PRNewswire/ -- Chase Paymentech, the world's premier provider of payment services, announced today the introduction of an integrated, All-In-One payments package that provides small and medium-sized businesses with payment card processing and business growth services, including a "ready-to-market" gift card package. This new package will help ensure that smaller businesses can provide their customers the same payment choices as national retail chains. With the run-up to the 2007 holiday shopping period, letting customers use card-based payment methods - including the increasingly-popular gift card option - will provide a boost to merchants' bottom line. Gift cards are proven to increase merchant sales while increasing merchant profitability and are considered an increasingly essential tool for driving key holiday sales.
Metrorail extension to Dulles in doubt
Airports authority representatives moved into two floors of a Tysons Corner office building in 2007, working on final designs and prepping for construction in the spring of 2008, all in anticipation of receiving the federal aid. At a business forum last fall, Virginia transportation secretary Pierce Homer was asked by someone in attendance if the state "had a plan B" if the FTA didn't come up with the $900 million. Homer laughed and simply replied, "No." Business leaders in Northern Virginia have called the Metrorail project a crucial piece of the region's future economic success. Some expressed frustration with Simpson's letter. "It is extremely disappointing that, while acknowledging the critical need for mass transit in this corridor, the federal commitment falls so far short," said Bill Lecos, president and CEO of the Fairfax County Chamber of Commerce.
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