Pay for S&P 500 company CEOs in 2022 rose just 0.9% to $14.8 million in median compensation, according to an AP study.
Industry News
The Lawless Group Rockies expanded its DeWalt partnership as part of an investment into preconstruction and structural specification markets.
AFFLINK announced that Michael Wilson will take over as President and CEO, succeeding Dennis Riffer.
Construction spending during April was estimated at a seasonally adjusted annual rate of approximately $1.9 trillion.
Fluid and material conveyance solutions distributor ERIKS North America named Mike Deery as VP and GM of its West Region.
3M will make facility and equipment improvements to expand its biotech manufacturing capabilities, and add 60 employees in Europe.
Atlanta-based Genuine Parts Company's board appointed Darren Rebelez as a new independent director. GPC is the parent company of Motion.
The National Association of Electrical Distributors awarded Schaedler Yesco Distribution's Marc Malvizzi a Lifetime Achievement Award.
DPA's annual Industrial and Safety Buying & Networking Conference was held in Jacksonville Riverfront in Florida, April 24-26.
Bearing and seal manufacturer SKF will consolidate its spherical roller bearing manufacturing by shifting production to Poland.
The location will immediately begin serving the community by providing a training site for the Moraine, Ohio, Fire Department.
The acquisition, subject to competition authority approval, is scheduled to close in June, according to a news release.
The Institute for Supply Management’s monthly Purchasing Managers Index (PMI) remained in contraction territory for a seventh straight month in May.
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