Business roundup: Trahey VP of medical affairs
Dr. Thomas F. Trahey III has assumed the role of vice president of medical affairs at Rowan Regional Medical Center, succeeding Dr. David Smith, who recently retired after 37 years of service.
Trahey will be responsible for overseeing all medical affairs at the hospital, leading the medical staff, strengthening regulatory compliance, managing the physician recruitment and credentialing process, and ensuring excellent communication between medical staff and hospital leaders.
Trahey joined Novant in early 2010 in a dual role as clinical cardiologist with Mid Carolina Cardiology in Concord as well as Medical Director for Clinical Improvement at Rowan Regional Medical Center. Previously, he had played a prominent role in the development of cardiology services at CMC-Northeast in addition to serving in several medical staff leadership roles. He has provided cardiovascular care to Cabarrus and Rowan County residents for more than 20 years.
Trahey earned his undergraduate degree from Davidson College, graduated from Wake Forest University School of Medicine, and completed his internal medicine residency and cardiology fellowship at Duke University Medical Center. He has also earned a Master of Business Administration degree from The George Washington University.
Trahey is board-certified in cardiovascular disease, internal medicine and interventional cardiology. He lives in Concord with his wife and their two daughters.
Lutheran Services for Aging Partners with SearStone
SearStone, a not-for-profit continuing care retirement community planned for Cary, has signed an affiliate sponsor agreement with Lutheran Services for the Aging, which will provide technical assistance.
Lutheran Services for the Aging joins Greenbrier Development and Retirement Living Associates as SearStone partners in the Wake County community for seniors.
“LSA cares for more than 1,200 North Carolina seniors annually, over 600 of whom require skilled nursing, and in 2009 provided over $6 million in unreimbursed care to low-income seniors,” said SearStone founder Bill Sears. “This agreement sets up an alliance between SearStone and LSA as a benevolent brotherhood serving the elderly. Although each organization maintains its autonomy, we hope to leverage their extensive experience to better serve the community.”
“Searstone is positioned to be a great service to seniors in the region,” said LSA President Ted Goins. “Lutheran Services for the Aging looks forward to assisting this not-for-profit organization and participating in its ongoing community service, primarily to benefit low-income seniors in Wake County.”
For more information, visit www.searstone.com or call 919-466-9366. For information on Lutheran Services for the Aging, visit www.lsanc.net or call 704-637-2870.
Allstate employees honor MLK with Habitat Cabarrus project
KANNAPOLIS — On Jan. 17, Martin Luther King Jr. Day, employees of the local Allstate Insurance Accounting Services participated in Allstate’s annual Give Back Day by volunteering their time and talents at the Habitat Cabarrus ReStore in Kannapolis.
Give Back Day celebrates the legacy and work of Dr. Martin Luther King, Jr., by encouraging individuals to follow his examples of giving back to the community.
For the past two years Allstate has been hosting and organizing Give Back Day events nationwide.
Local participants were Donna Robinson, Tyler McClellan, Lorrie McClellan, Sheila Allmon, Sharen Jetton, Danielle Manwarren, Christy Curley and Tami Franklin. Habitat Cabarrus ReStore employees Michelle Maxwell and Wes Clark also helped out.
The Habitat Cabarrus ReStore is a subsidiary of Habitat for Humanity Cabarrus County, a registered 501(c)3 nonprofit organization. Since 1989, Habitat Cabarrus has been dedicated to eliminating substandard housing and all store proceeds support Habitat for Humanity Cabarrus County.
The ReStore is open Monday-Friday 10 a.m.–5 p.m. and Saturday 9 a.m.-4 p.m. at 2902 South Cannon Blvd. in Kannapolis. For more information, contact the Habitat Cabarrus ReStore at 704-786-4000, or visit www.cabarrusrestore.org.
Save-A-Lot building $24 million distribution center in Lexington
The Save-A-Lot discount grocery chain, a wholly owned subsidiary of SuperValu, is planning a new 325,000-square-foot food distribution center in Lexington. The state-of-the-art center located in Lexington’s Business Center is expected to open by December and employ more than 40 employees initially.
The project is the result of collaboration with the state of North Carolina and its One North Carolina Fund, the North Carolina Department of Commerce, Davidson County and the city of Lexington.
A groundbreaking ceremony was held Thursday at the 133 Lexington Parkway site. Participants included Lexington Mayor John Walser and other Davidson County officials.
“With this project, Save-A-Lot plans on investing more than $24 million in Lexington over the next three years,” said Bill Shaner, Save-A-Lot president and CEO. “We chose Lexington for our new distribution center because of its excellent business climate, central location and industrious workforce. For the state of North Carolina and the surrounding region, it means economic growth and jobs. I believe this will be a wonderful partnership for Save-A-Lot, Lexington and the region.”
Save-A-Lot operates more than 1,200 stores in 39 states. It plans to double the number of stores it operates nationally over the next five years. There are 24 Save-A-Lot stores in North Carolina.
Delhaize plans to open 100to 110 new stores this year
Delhaize Group plans to spend more than $1.2 billion opening new stores and remodelling existing outlets this year, according to a report in the Wall Street Journal.
Delhaize said its same-store sales declined 0.8 percent in the fourth quarter. The Belgian supermarket operator, which gets over two-thirds of its revenue from its U.S. Food Lion, Hannaford and Sweet Bay chains, said sales from stores open longer than a year had fallen 1.8 percent in the previous quarter.
Hannaford was the bright spot for the chain.
Dutch peer Ahold reported a 0.9 percent rise in U.S. same-store sales, outperforming other rivals such as Supervalu, which last week cut its full-year forecast as it reported a 4.9 percent decline in same-store sales.
Delhaize will open an additional 100 to 110 stores after adding 68 stores in 2010. It will expand its bottom-dollar discount food format.
Daimler Trucks North America leads Class 6-8 NAFTA, US markets
Daimler Trucks North America has announced it is the Class 6-8 segment leader for the North American Free Trade Agreement (NAFTA) and United States markets.
In 2010, Daimler Trucks’ Class 6-8 NAFTA retail sales climbed to 67,800-plus units, achieving a 31.6 percent share of market and growth of two full share points over 2009.
U.S. Class 6-8 retail sales rose to more than 56,900 units, representing an industry-leading share of 32.6 percent.
Daimler Trucks also remained the Class 8 NAFTA and U.S. market share leader for the 2010 calendar year, with shares of 32.4 percent and 33.9 percent, respectively.
The company’s 2010 Class 8 sales performance was driven by Freightliner Trucks, which achieved Class 8 leadership in the NAFTA market with 42,800-plus retail units sold, and a 30.3 percent market share. Freightliner Trucks also leads the U.S. Class 8 market with over 34,700 units sold and a 32.4 percent share. Daimler Trucks’ Western Star brand continued to see Class 8 retail sales growth in the premium extreme duty vocational market in 2010.
“Our 2010 sales success significantly exceeded our expectations,” said Martin Daum, president and chief executive officer of Daimler Trucks North America. “While the total market rose only slightly over 2009, a crisis year for our industry, DTNA … (looks) forward to continued growth and a productive and rewarding year.”
Daimler Trucks North America LLC is headquartered in Portland, Ore.
Attorney to speak at real estate investors meeting Tuesday
Attorney Benjamin Bridges will be guest speaker at this month’s Rowan Real Estate Investors and Associates meeting Tuesday at 7 p.m. at China Buffet.
Bridges will be sharing information on various types of business structures, such as sole proprietorships, partnerships, corporations, LLCs, etc.
He specializes in contracts, real estate, trusts and estates, wills and probate, with extensive experience in acquisition and disposition of real estate in multi-states, including title insurance, landlord/tenant, seller and purchaser issues.
The group meets the fourth Tuesday of each month and is open to anyone who would like to attend. For more information, contact Bob Yon at 704-762-1117.
Salisbury native buys Micro Systems Leasing
Ben Reavis, a native of Salisbury, has acquired Micro-Systems Leasing (MSL), a company that specializes in the leasing of technology systems for the building industry.
Reavis began his career as a computer programmer but transitioned into the sales and marketing of information technology (IT) systems. His sales career spans over 25 years.
He was a long-time client of Micro-Systems Leasing LLC and has familiarity and interest in the leasing of IT systems.
He and his wife live in the Lake Wylie area.
Reavis, formerly vice president of sales and marketing for a top Sage Software Partner, acquired the company from F2B Mobile Solutions, based in Charlotte, and will relocate the corporate office to York, S.C.[0xa0] MSL’s operations center will remain in Amarillo, Texas, under the direction of Teresa Webb, founder of MSL and senior leasing consultant.
Poteat elected president of Rowan Mutual Fire Insurance
Larry Poteat was elected president of Rowan Mutual Fire Insurance Co. at the annual meeting held Jan. 15.
Jerry Sides was elected vice president, Clyde S. Lippard, secretary-treasurer; and Rhonda F. Smith, assistant secretary-treasurer. Poteat, Sides and Lippard were also elected directors for 2011, along with David Corriher, Mary Lou Howe, Jerry Waller, Patsy Sexton, Jewell Alley, Tom Snider, Philip Kepley, John Cline and Bill Medley.
The board of directors voted to keep rates for 2011 the same as the previous 14 years. Rowan Mutual Fire Insurance Co. has been in business for 109 years.
First Bank acquires Bank of Asheville in FDIC transaction
TROY — First Bancorp’s First Bank subsidiary is purchasing Bank of Asheville under FDIC guidance.
All deposits are being assumed by First Bank. Bank of Asheville’s branches will open Monday as branches of First Bank.
Bank of Asheville operated five branches with approximately $210 million in total assets, including $162 million in loans, and $209 million in liabilities, including $205 million in deposits.
The failure of Bank of Asheville is expected to cost the deposit insurance fund $56.2 million.
Raymond James acted as financial advisor to First Bancorp in this transaction.
Submit information about new businesses, honors and management promotions to firstname.lastname@example.org. Include a daytime phone number.