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Contributors
Doug Chandler
Doug Chandler began writing about the electrical industry in 1992, with intentions ...
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Archive for September 23rd, 2009Canadian researcher sees long-term bull market in electrical equipmentAn article in the Toronto Globe and Mail highlights a recent report by Angelo Katsoras of National Bank Financial which advises investing in electrical equipment companies as the best investment “play” for capturing the benefits of long-term increases in population, urbanization and economic growth. “That’s where the real bull market is, where the real opportunities are,” Katsoras told Noreen Rasbach of the Globe and Mail. “The bull market for electrical equipment will be long term.” E-Biz Forum highlights: making synchronization easierBob Gaylord, president of IDEA, in his opening general session comments to the E-Biz Forum in Tucson today, ran through several initiatives the organization is introducing that will make it easier for manufacturers and distributors to keep data in the Industry Data Warehouse (IDW) fresh. Among these, a new “utilities work station” interface where manufacturers can make line-item changes to their product data, which will go live in the next 30 days; a new IDEA “portal 2.0″ for users in all parts of the chain that will go live October 5; and a standardized web ordering platform for distributor web storefronts that automatically populates with IDW data (in six languages) that will be available by the end of the year. Gaylord also said UNSPSC codes on every product item in the IDW will become mandatory in December. Federal Signal appoints Leo Mahon as V.P. of strategy, business development and investor relationsFederal Signal Corp. (Oak Brook, Ill.) Leo Mahon has been appointed to the newly created position of vice president of strategy, business development and investor relations. Mahon has provided consulting services to Federal Signal since January 2009. In his new role reporting to William Osborne, Federal Signal’s president and CEO, Mahon will have direct responsibility for Federal Signal’s business development and corporate strategy functions and also be responsible for investor relations. Mahon previously served as vice president in the industrial investment banking group at Goldman Sachs. He holds a master’s degree in business administration from the University of Chicago Graduate School of Business and bachelor of science degrees in finance and accounting from Marquette University. Chris Baynes now president at Baynes Electric SupplyBaynes Electric Supply Co. Inc., (Brockton, Mass.): Chris Baynes has been appointed as the new company president. He has spent the last eight years as vice president at the company, where he was responsible for cross-functional management of the business and for building strong customer, manufacturer and vendor relationships in preparation for this new leadership post. Baynes replaces his father, Louis Baynes, who will become chairman of the board. Louis Baynes has been a part of the company since its founding in 1956. He first joined the company while still in high school and learned the business by working in warehousing and logistics. He joined the company full time in 1968 and held every position from truck driver to inside sales, and in 1981 was named president. Under his leadership the company grew from two branch locations to eleven and became a leader in the region’s lighting and electrical business. Live from the E-Biz ForumThe IDEA’s E-Biz Forum in Tucson this week is lightly attended compared to past years, but attendees are enthusiastic about pressing forward on their efforts to synchronize the flow of data between manufacturers, distributors and reps. IDEA Director of Sales and Marketing Rita Hagopian attributed the lighter turnout to the economy and the lack of direct flights from most of the country. Nonetheless, the electrical industry geeks gathering in the desert have a full slate of sharply focused meetings ahead — enough that your correspondent is looking for ways to clone himself to attend simultaneous sessions. Electrical Marketing’s LiveWire will bring you updates throughout the conference, so check back or follow us on Twitter @electricalmktg.
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