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Moen names new sales VP

BY HBSDEALER Staff

Kitchen and bath supplier Moen has named Steve Holdsworth as its new VP wholesale sales, effective immediately.  In this role, Holdsworth will provide leadership to Moen’s sales organization and support their sales efforts in the wholesale channel. In addition to defining, developing and managing the implementation of sales strategies and customer programs for the wholesale business unit, Holdsworth will direct sales operations, training and development. 

Prior to joining Moen, Holdsworth worked in the electrical wholesale business. He joined GE Supply in 1986 and spent the last 25 years with Gexpro in roles of increasing scope and responsibility.  Most recently, Holdsworth was general manager of Gexpro’s global sales organization, where he led domestic and international sales for both the electrical and services business platforms.

 

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GE credit specialist indicted for mishandling Lowe’s account

BY HBSDEALER Staff

A federal grand jury has indicted Ronald Kiser, a former credit specialist for G.E. Consumer Finance, with bank fraud for diverting $465,000 worth of checks into his mother’s bank account. Kiser, 40, handled the Lowe’s account for G.E. 

According to the indictment, announced May 19 by U.S. Attorney Barry Grissom in Kansas City, Kan., the alleged crimes occurred in 2009 and 2010. Kiser’s duties included mailing checks to businesses that had a credit with Lowe’s, and when a check was returned to G.E. Finance because the business no longer existed, Kiser was supposed to shred the check and record the information in a spreadsheet.

Investigators claim that instead of shredding checks, Kiser arranged for the checks to be changed to his mother’s name and addressed to her home in Michigan. He then cashed the checks or deposited the checks into a checking account he held jointly with his mother. He used ATMs in Kansas, Missouri and Michigan to withdraw the stolen funds, prosecutors said.

If convicted, Kiser faces a maximum penalty of 30 years in federal prison and a fine up to $1 million. The U.S. Secret Service was the investigative agency, according to the press release. 

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100-year-old sawmill battles Miss. River

BY HBSDEALER Staff

It’s been two weeks now since the owners of JM Jones, a 100-year-old sawmill in Natchez, Miss., stopped running their equipment and started building levees instead. Located on the banks of the Mississippi River, this family owned operation has been piling up dirt by the truckload as the water level continues to rise.

Last week, when the river broke a 73-year-old record of 58 ft. in Natchez, JM Jones began adding concrete highway dividers, lent by a local contractor, on top of the dirt levees, according to an article in the Natchez Democrat. This brought the barriers up to 65 ft. But owner Lee Jones was still worried about the stability of the makeshift levees. 

“At 63 ft., we are in good shape. At 65 ft., it’s a mess,” he said. Although the company was still working on the levees this week, it had moved out some equipment and sold off a lot of inventory. JM Jones exports southern hardwood to customers around the globe. The previous week, some of its trucks headed south to Mexico City.

The latest update of the mill’s fate, from a CNN news blog, was on Thursday, May 19, when the water level had reached 61.8 ft. The Jones family was still at the business, nervously watching parts of their levees crumble in the wake of passing tugboats and barges.

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C.KLUMB says:
May-20-2011 08:35 pm

Good luck to Lee. I flew
Good luck to Lee. I flew over the Anderson Tully mill, another 100+ year old hardwood producer, in Vicksburg yesterday, May 19, when the river crested there, and it appeared their levees were holding fast. Buddy Klumb

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