PEOPLE NEWS: Vivint appoints CIO
Home automation services provider Vivint appointed Todd Thompson as the company’s new chief information officer, responsible for companywide information technology (IT) functions.
“We are excited to welcome Todd to our team,” said Alex Dunn, Vivint’s president. “Supporting our culture of innovation with advanced technology and effective processes has always been a priority, and Todd’s experience in IT leadership will be a huge asset to our business.”
Before joining Vivint, Thompson was CIO for Starwood Hotels & Resorts Worldwide, where he led the team that implemented the industry’s first new-age reservation system, drove initiatives to enhance revenue and the guest experience, and streamlined the IT function. Prior to Starwood, Thompson was CIO for JetBlue Airways.
“Vivint presents a lot of exciting advantages from a technological perspective,” said Thompson. “As a company, we have the opportunity to do things that have never been done before, and we want to do the same thing with information technology.
Todd holds a BS in computer science and an MBA from Brigham Young University.
Freedonia predicts stark recovery for windows and doors
According to World Windows & Doors, a new study from The Freedonia Group, global demand for windows and doors is expected to reach $223 billion in annual revenue in 2017, a 7.1% change that is in stark contrast to its growth during the 2007-2012 period.
The company said in a statement that the recovery would be spearheaded by several developed countries, most notably China, which maintained the world’s largest window and door market in 2012 and is expected to make up 36% of total global demand in 2017. This is due in part to burgeoning incomes and home sizes in the country.
The United States, which saw declines in the market during the recession, is also expected to see gains of 10% or more annually through 2017. Europe’s recovery will parallel that of the United States but will not be as dramatic.
The report found that gains in developing areas will also contribute to growth, most notably in the Africa/Mideast and South America. The company noted that these regions will see a less exxagerated growth rate because they were less impacted by the global financial crisis and are thus starting from a higher base level in 2012.