Thursday, July 15, 2004

Tristate business summary

New president of Aurora Casket

William Backman III has been named president of Aurora Casket Co. Backman, who had been executive vice president of sales and marketing, succeeds Bill Barrott, who will continue as chairman. The Aurora, Ind., firm has about 700 employees. Backman is the seventh president of the company founded by his great-grandfather in 1890. In addition, the company said Jerry Reichert, former partner at Deloitte & Touche and a longtime adviser, will become Aurora's chief operating officer. Chris Barrott, Bill Barrott's younger brother, will continue as executive vice president.

P&G integrates Wella business

Procter & Gamble Co. said Wednesday it would combine the Wella professional business it acquired last year with professional businesses in its own Clairol and fine fragrances business. Heiner Gurtler, chief executive officer of Wella, will head the newly combined unit and take the position of P&G group president for Global Prestige and Professional Care. P&G owns about 81 percent of total Wella shares. "With the creation of this new business unit, Wella is taking on an increased role within P&G in both of its core competencies - prestige and professional," Gurtler said in a statement.

Ohio offers money to Bell
Key to office is under skin
Ohio, Ky. redefine what's taxed as food
Hedge funds may get SEC scrutiny
Commission battling subpoenas
Some corn lost to rain
Peale: Beer site says cornhole IS Cincinnati
Lay says he was unaware of fraud that rotted Enron
Harrah's in talks to buy Caesars
Group puts overtime loss at 6M workers
Tristate business summary
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