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News (63)


Hedge Fund Sues AkzoNobel Over Chair

An activist hedge fund has filed a new suit in an effort to oust the supervisory board chair of coatings manufacturer AkzoNobel in the wake of the Amsterdam firm’s denial of a months-long me...


AkzoNobel Denies Hedge Fund's Meeting Request

Coatings manufacturer AkzoNobel announced Tuesday (April 25) that it officially rejected a request by sharefholders to hold an Extraordinary General Meeting to discuss an ouster of the firm'...


Bremm Named BASF Coatings President

A company veteran will be taking the helm as president of the Coatings division of chemical company BASF.


PPG Makes Public Appeal to AkzoNobel

The ongoing courtship between the world's largest coatings company and its biggest competitor took another very public turn this week as PPG Industries issued an open invitation to AkzoNobel...


Sherwin-Williams, Valspar Deal Delayed

The Sherwin-Williams Company and The Valspar Corporation announced in a joint news release Tuesday that they have extended the termination date of their merger agreement from March 21 to Jun...


OSHA Launches New 'Safe and Sound Campaign'

The U.S. Department of Labor’s Occupational Safety and Health Administration recently launched its “Safe and Sound Campaign,” which calls on employers to review and revamp their safety proto...


US Construction Industry Hiring in 2017

A new sampling of opinion in the U.S. construction industry indicates that most American contractors are prepared to add staff in the coming year.


Thomas C. Sullivan Retires from RPM Board

Multinational holding company RPM International recognized a handful of changes to its board of directors at its annual meeting of stockholders, including the retirement of one director who ...


House Attempts to Stall Overtime Rule

With the Labor Department’s controversial overtime rule set to be enacted in just two months, the U.S. House of Representatives passed a bill last week intended to delay its start by six mon...


OSHA Reporting Rule Provisions on Hold

Employers anticipating enforcement to begin in August for provisions of the new federal injury and illness tracking rule are getting a brief reprieve.


Challenges for Women in Engineering

There's a gap between the share of engineering students who are women and the share of the engineering workforce that is, and new research has a suggestion as to why.


New SSPC Board Members 2016

Two industry leaders have secured open positions on the Board of Governors of SSPC: The Society for Protective Coatings, while two incumbents attained reelection in the association’s 2016 el...


RPM Reports 'Pleasing' Q3 2016

Multinational holding company RPM International, parent company of Carboline, announced a record third quarter in its 2016 fiscal year, which ended Feb. 29.


Deadline Nears for SSPC Board Election

Time is running out to submit your recommendations for nominees to the SSPC Board of Governors. The extended nomination period runs out this week, so the association reminds interested parti...


Tnemec Names Bean President, COO

One of the leading manufacturers of high-performance protective coatings has named its new president and chief operating officer.


Execs Admit to Roles in Contract Scheme

Two former employees of a New Jersey engineering, environmental and energy consulting firm face prison time and thousands in restitution after conceding their participation in a $1 million c...


SSPC Seeks Candidates to Join Board

SSPC: The Society for Protective Coatings is requesting nominations for its Board of Governors in two categories, the association announced Friday (Jan. 29).


Executive Promotions Underway at PPG

PPG Industries has announced several new leadership appointments, including senior vice presidents in three divisions, as well as the retirement of the current senior vice president, automot...


Hempel Appoints New CFO

One of the world’s top paint and coatings companies has hired a new chief financial officer to fill the vacancy left by the departing incumbent.


Axalta Taps New VP, Division President

Global liquid and powder coating supplier Axalta Coating Systems has appointed a new executive to its leadership team.


Two RPM Leaders Receive Promotions

The parent company of Carboline and dozens of other industrial coatings brands has promoted two of its leaders.


Contractor to Pay for EEO Violations

A Massachusetts construction firm accused of misusing equal opportunity programs has reached a settlement in its court case.


Employee Skims from Paint Contractor

A former bookkeeper for an industrial painting contractor has pleaded guilty to charges that he stole more than $200,000 from his employer while working there.


Sherwin-Williams Announces New CEO

Sherwin-Williams has turned to one of its long-standing managers to lead the company starting next year.


RPM Eyes Solid Growth after ‘Tepid’ Q1

Carboline parent company RPM International Inc. acknowledged unfavorable weather conditions and exchange rates contributed to “tepid results” in the first quarter of its 2016 fiscal year, wh...


BASF Champions Workplace Diversity

Global chemical manufacturing giant BASF has announced that it has formal goals in place to increase the diversity of its management team in the years ahead.


Axalta Names New VP, EMEA President

Axalta Coating Systems has announced the appointment of Matthias Schönberg as Vice President of Axalta and President of its Europe, Middle East and Africa (EMEA) region.


Hempel Names New CEO

One of the world’s leading paint and coatings companies has named its new CEO, following a search initiated earlier this year.


RPM Announces Record Q4, Staff Changes

Multinational holding company RPM International announced historic results for its fourth quarter in fiscal 2015, which ended May 31.


AkzoNobel Reports 'Solid' Q1

AMSTERDAM—Rising revenues and operating income across all businesses graced the first quarter of 2015, despite continuing economic headwinds, AkzoNobel reported Tuesday (April 21).


Hempel Seeking New CEO

LYNGBY, DENMARK—In an unusually public statement, Hempel A/S has announced both the impending retirement of its chief executive officer and the search for his successor.


Accidents Add Income Insult to Injury

If you shatter your leg (or worse) in a fall from a scaffold, who is going to shoulder the six-figure medical bills? And fill the income gap while you recover?


DOT Debars ‘Disadvantaged’ Millionaire

With an estimated net worth in excess of $13 million, Cindy Taylor Stewart and her company don't fit anyone's definition of disadvantaged—including Uncle Sam's.


Architectural Mission Goes Bankrupt

A visionary nonprofit that for 15 years mounted architectural and design solutions to global problems has shut down and plans to file for bankruptcy.


Industry Executives Feel a Pay Pinch

U.S. construction and engineering may be bouncing back, but one surprising player is not feeling the love: the boss.


Injury Reporting to Increase Jan. 1

It shouldn't take three employees hospitalized at once before an employer is required to report the accident that led to it, federal safety officials say.


AkzoNobel Joins ‘100 Cities’ Effort

Building on its own Human Cities urban renewal campaign, AkzoNobel has now thrown its support behind 100 Resilient Cities, a new global project of The Rockefeller Foundation.


Developer Gets 8 Years for Hit-Man Plan

His lawyer called it an "offhand comment," but the FBI heard Daniel Dvorkin’s secretly recorded conversations another way: as a clear plan have a hit man murder a creditor owed $8.2 million....


U.S. Toughens Injury Reporting Regs

Sharpening its focus on severe injuries in the workplace, the U.S. will step up accident reporting requirements for employers as of Jan. 1.


U.S. Focuses on Temp Worker Safety

Aiming to avert simple mistakes that can kill or maim untrained workers in their first day on a job, the U.S. has issued new guidance for employers charged with safety.


AkzoNobel to Revamp Performance Coatings

AkzoNobel will slim down and retool its sprawling Performance Coatings business, one of the company's three major divisions.


PPG Awards $340K in Scholarships

The PPG Industries Foundation has awarded more than $340,000 in scholarships in 2014 to 54 U.S students who live in communities where the company operates.


Prison to Be Construction Family Affair

The Fraziers, owners of C.E. Frazier Construction Co. Inc. and a variety of long-troubled spinoffs, are all going to jail.


Bill Hooks Contractors for Sub Pay

If your sub or labor temp agency is shortchanging its workers, is that your problem? It will be—at least, in California—if one legislator has his way.


Study: Workers Ready to Leave Jobs

Construction, engineering and building employers should step up their game if they want to head off a mass exodus of workers this year, a new survey suggests.


Contractor Settles Painter Wage Case

A longtime Pittsburgh-based industrial painting company has agreed to pay more than $25,000 in back wages and damages to 26 painters who were defrauded of their rightful pay, the Department ...


Mammoth Find Slows Project

At first, the crews thought it was a pipe or a tree root. But it looked so much bigger—mammoth, you might say—and so much older.


AkzoNobel’s No. 2 to Step Down

Keith Nichols, 53, the chief financial officer who led AkzoNobel during a turbulent period in 2012 and oversaw its largest acquisition, will leave his position June 30 “after eight highly su...


Prison, Massive Fines in Historic Fraud

Two former executives of a Pennsylvania bridge concrete manufacturer are headed to prison in what authorities call the largest Disadvantaged Business Enterprise scam in U.S. history.


Fines, Education Follow Wage Fraud

"Do as I say, not as I did" will be a Chicago contractor's message for peers, as the company pays a hefty fine and agrees to educate others after defrauding nearly 100 workers of their fair ...


Contractor Ends Minority Case for $875K

A U.S.-based multinational contractor will pay $875,000 to settle discrimination claims involving hundreds of African American, Hispanic and Asian American job applicants.


3rd CEO in 2 Years Joins Ben Moore

Paint maker Benjamin Moore & Company has appointed a career retailing executive as its third CEO in two years.


AkzoNobel Plans Global Restructuring

Having wrapped the sell-off of major segments of its architectural coatings division, AkzoNobel has announced plans to aggressively reorganize and streamline the rest of the business by the ...


Another CEO Fired at Benjamin Moore

For the second time in 15 months, Warren E. Buffett has abruptly canned the head of his paint and coatings business.


AkzoNobel Takes Sustainability Crown

Despite its recent setbacks, the world’s largest paint and coatings maker is also one of the world’s most sustainably driven companies, according to a widely respected new global ranking.


AkzoNobel Plans New Wave of Downsizing

AkzoNobel continues to shrink its European footprint, with a new plan to close more than half of its German offices in the wake of recent divestments.


Roofing Suit to Cost RPM $65M+

Carboline parent RPM International Inc. will pay more than $65 million to settle allegations that its Tremco business price-gouged and sold defective roofing materials to dozens of governmen...


OSHA Whistleblower Awarded $820K

The federal agency tasked with protecting corporate whistleblowers has just signed an $820,000 settlement with one of its own, who had accused the agency of complicity in underreporting inju...


Bid-Rigging Scandal Engulfs 15 Firms

Years of contract collusion involving six World Cup stadiums and hundreds of other public and private projects have 15 South African construction firms facing $140 million in potential fines...


Firm Told to Rehire Nuke Whistleblower

A senior engineer who was fired after raising safety concerns during construction at a Kansas nuclear power plant must be reinstated and compensated more than $260,000, federal regulators ha...


Standoff Grips $120M Problem Project

Not so fast. That's the word from Montgomery County, MD, which has advised Washington, D.C.'s transit agency that it cannot simply bail out of a troubled $120 million project that it ...


Agency Wants Out of Botched $120M Hub

Already $80 million over budget and more than two years behind schedule, a $120 million Maryland transit center will not be used as planned because its structural flaws are too expensive to ...


2 Coating Company Owners Get Prison

Two owners of a western Pennsylvania powder coating company have been sentenced to federal prison for bilking investors out of $1.4 million.


 
 
   

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