InSinkErator names new president
InSinkErator, a leading manufacturer of garbage disposals and hot water dispensers, has named Tim Ferry as its new president. Ferry succeeds Jerry Ryder, who is moving into a new role as chairman of InSinkErator before retiring at the end of 2011.
Headquartered in Racine, Wis., InSinkErator is a division of St. Louis-based Emerson.
Ferry comes to InSinkErator after more than 22 years in sales, marketing and management capacities at Emerson. He was most recently president of Emerson Tool Co., which manufactures wet/dry vacuums under the Ridgid brand, commercial vacuums under the ProTeam label, as well as ceiling fans. Prior to Emerson, Ferry was an engineer at Abbott Laboratories.
In a prepared statement, Ferry said he saw opportunities for InSinkErator to expand its core markets both nationally and internationally. Among them are the emerging middle class in China and municipalities that turn processed food waste passed through disposers into renewable energy.
Russian brothers pled guilty in HD burglaries
Two brothers charged with stealing $1,000 worth of tools from several Home Depots in Northern California have taken a plea bargain, according to an article in the Chico Enterprise Record.
Yevgeniy Ivakhov, 24, and Valeriy Ivakhov, 19, pleaded guilty on May 4 to one felony count each of receiving stolen property in a Butte County Superior Court. The Ivakhovs had faced additional charges of second-degree commercial burglary and grand theft.
A third defendant, Andrey Gelis, 26, pleaded no contest to grand theft on April 20. The judge dismissed burglary and receiving stolen property charges in the case.
The three defendants were arrested on April 13 by the California Highway Patrol after being stopped for a vehicle code violation in Marysville, Calif. The CHP officer found unopened boxes of merchandise from Home Depot in the trunk.
Upon further investigation, the Russian nationals were identified as suspects in burglaries of other Home Depot stores in the region. Authorities said the men operated a theft ring where two of them ran out of stores with merchandise while the third waited in a getaway car.
The Ivakhovs and Gelis are wanted on warrants in other Northern California jurisdictions and may face additional charges, according to the article.
Readers Respond: Business and the $4 gallon of gas
Several readers sounded off on the rising price of gas and its relation to business success.
Here’s what we heard when we asked them to describe the impact of rising gas prices on business.
"Not too bad an impact yet, but this is our slow season anyway. I hate to think what will happen if it continues to rise all summer. [If so,] it would definitely have a major negative impact on our business in the fall."
— Jack Bransfield
"Current prices are impacting sales, as well as staffing. New hires and part-time seasonal hires are especially hard hit as hours of work available often do not offset the cost of transportation."
— Vicki Worley
"Of course $4.00 gas is hurting our business. It’s killing us."
— Name withheld