Haier America announces promotions
Wayne, New Jersey-based Haier America announced the promotions of Paul Riley to senior VP sales and marketing and Sanjay Gupta to senior VP and business unit leader, Platform Solutions effective immediately.
Each will report directly to Adrian Micu, president and CEO of Haier America. Riley succeeds Rian Cain who has left the company to pursue other opportunities.
“Since joining Haier America in August 2014, Paul has done an excellent job developing Platform Solutions’ go-to-market product commercialization and merchandising strategies,” said Adrian Micu, president and CEO, Haier America. “I am fully confident that Paul will provide the leadership necessary to continue our transformation towards more complex solutions focused selling — communicating a revitalized Haier brand message.”
Regarding Gupta, Micu said: “In his new role, Sanjay will be accountable for the overall competitiveness, profitability and strategic direction of our Platform Solutions business. In addition to complete P&L accountability, he will provide strategic, operational and collaborative leadership.”
The previous roles occupied by Riley and Gupta will not be filled.
In new ad, Glidden touts low-cost, high-quality paint
PPG's Glidden paint brand is celebrating its value proposition of high quality in a low-cost package.
The company's new ad campaign debunks the myth that expensive paint equals top results.
“We know the hustle and bustle of everyday life can get in the way of the goals you have for making your home look its best,” said Mark Lancia, senior brand manager. “The Glidden brand is all about providing an easy home décor process from start to finish so you can achieve that ‘Wow!’ look you want without the ‘Whoa!’ pricetag. Our new campaign is a testament to this.”
Lancia cited an independent test in which Glidden paint scored better than paints that sold for double the price.
“We believe the paint category has become overly complex, which can be both confusing and frustrating for consumers,” Lancia said. “We stand for being smart about painting your home. With the Glidden brand, you know you’ll get a quality can of paint that provides great results at a reasonable price, and we have the results to prove it.”
Toro Company posts growth
Bloomington, Minnesota-based The Toro Company reported net earnings of $93.8 million, up from $87.1 million in the same quarter last year.
Net sales increased 10.9% to $826.2 million.
“Good spring weather conditions helped generate robust retail sales during the quarter,” said Michael J. Hoffman, Toro’s chairman and CEO. “Additionally, I’m proud of the dedication of and execution by our strong team that enabled us to deliver our record results.”
In the residential area, the company pointed to increased sales from products, including a new platform of consumer zero-turn riding mowers and new all-wheel drive walk power mower.
“As we continue through the key selling season, we are encouraged by the strong retail sales results that we are seeing across our businesses. We believe that we are well-positioned with our portfolio of innovative products to drive additional sales and increase our market share,” Hoffman said.