January 17, 2014 |
John Hanson, the chief financial officer of the Delaware River Port Authority, was named Wednesday as interim chief executive of the DRPA to replace John Matheussen, who has been appointed a state Superior Court judge by Gov. Christie. Hanson also appears to have the inside track to get the job permanently, although DRPA board members said they would conduct a nationwide search. Hanson, 53, a certified public accountant from Cherry Hill, is a former DRPA board member and a former chairman of the Camden County Republican Party.
January 11, 2014 |
Erez Vigodman will succeed Jeremy Levin as the chief executive officer of Teva Pharmaceutical Industries Ltd. After reports of the move last week in Israel, where Teva is based, the drugmaker made the announcement Thursday morning before the stock market opened there. Teva hopes to somehow calm citizens and employees at home, while also satisfying Wall Street analysts concerned that disagreement at the top of the company would further delay planned changes meant to boost profits and share price.
December 7, 2013 |
The painful financial restructuring underway in the Archdiocese of Philadelphia made substantial progress in the year ended June 30, a report released Thursday showed. The central financial office of the archdiocese lost $4.9 million in fiscal 2013, down from $17.6 million the year before, not counting unusual income and expenses in both years. Including those unusual or one-time items, such as $11.9 million in legal and professional expenses in fiscal 2012 and $10.3 million from the sale of real estate in 2013, the improvement in results for the Office for Financial Services, was even more dramatic.
November 25, 2013 |
By most calculations, Toni Pergolin was completely nuts. Why would she leave a secure - and lucrative - job as a chief financial officer at Pennsylvania Hospital to move to a storied nonprofit in Haddonfield that was barely afloat? Then, in August 2004, when she got there, it was even worse. More than 1,500 autistic, developmentally delayed, brain-injured clients, some of whom had lived in Bancroft Neurohealth group homes for most of their lives, were counting on her for a miracle.
November 3, 2013 |
KEVIN G. CLARK, who has been a senior adviser to Temple president Neil D. Theobald for the past year, was named vice president and director of athletics at the university, the school announced yesterday. Clark had been interim AD since May 3. He succeeds the retired Bill Bradshaw. Before arriving at Temple, Clark was senior associate athletic director at Indiana, where Theobald had been the chief financial officer. He served 11 years on Indiana's senior athletic staff. He was also in athletic adminstration at Saint Louis University from 1996 to 2001, and worked at the NCAA before that.
July 30, 2013
Marketing Systems Group , a Horsham provider of products, information, and services to the survey research community, has hired Trent D. Buskirk as vice president of statistics and methodology. He had been research director, advanced methods, at Nielsen Co. Diego Rincón has been hired by Philadelphia International Airport as deputy director of aviation, capital development. He had been assistant director of aviation for the City of Dallas at Dallas Love Field and director of development for the modernization of Chattrapati Shivaji International Airport in Mumbai.
July 26, 2013 |
As the Philadelphia School Reform Commission considers closing a charter school in Germantown, a School District auditor said Wednesday the school had been operating at a loss in each of the last four years. At a hearing on whether Imani Education Charter School should have its charter renewed, Mayer Krain said the district was especially troubled because the size of the school's losses had been increasing. He said Imani's annual financial statements showed the school's net assets went from $442,976 in 2009 to a deficit of $767,188 for the fiscal year that ended June 30, 2012.
July 4, 2013 |
The Archdiocese of Philadelphia on Wednesday reported a staggering $39.2 million loss for the year ended June 30, 2012, while disclosing unprecedented details about longterm financial deficits totaling $350 million. Even after stripping away millions in unusual expenses, including $11.9 million for legal and professional services related to the priest sex-abuse scandal and other issues, the archdiocese said its cash expenses 2012 still exceeded revenue by $17.4 million. "It's not so simple to say our problems are related to the sexual-abuse crisis," Timothy O'Shaughnessy, chief financial officer for the archdiocese, said.
July 2, 2013
In the Region Pepper Hamilton renews C.C. lease Brandywine Realty Trust , the Radnor-based office landlord, said it executed a long-term lease renewal with Pepper Hamilton L.L.P. on the law firm's 268,000 square feet of office space at Two Logan Square in Center City. The existing lease had been set to expire in 2015. Pepper Hamilton is one of Brandywine's three largest tenants. Among its many holdings, Brandywine owns three office buildings comprising 2.3 million square feet in the Logan Square area.