Douglas to form new Department of Labor

first_imgGovernor Announces Plan to Merge Departments to Form New Department ofLaborGinevan to Retire, McDonald to Head DET & Merger Effort, Terrill will Moveto AOTMontpelier, Vt.- The Douglas administration is proposing to merge theDepartment of Employment and Training (DET) and the Department of Laborand Industry (DLI) to create a single Department of Labor, Governor JimDouglas has announced.Current DET Commissioner Anne Ginevan, however, is retiring; the effectivedate of her departure is still to be determined. Ginevan, 63, and aresident of Middlebury, is the second direct appointee to step down at theend of the Governor’s first term.”Anne is a proven administrator, has done a great job working tostrengthen our network of job training and education programs and has astrong understanding of government affairs and the legislative process.She has been a valuable member of our team and will be missed.” Douglassaid.”The next step is for us to move forward with our plan to merge theDepartment of Employment and Training with the Department of Labor andIndustry to create a one-stop-shopping model for job training, workforcedevelopment, and responsible labor and industry policy,” Douglas added.”Empowering Vermonters with the skills that they need to succeed in the21st Century economy is a central component of my job creation strategy.”Governor Douglas will appoint current Agency of Transportation SecretaryPatricia McDonald, 61, of Berlin, to fill the vacancy at DET.Douglas said McDonald’s public and private sector management experience,and her relationship with key legislators will be important to the successof the merger proposal. “Pat’s banking and human resources managementexperience, coupled with her strong record of government service, make heran excellent choice to lead this effort,” Douglas said.Before working for state government, McDonald worked for CIBA-GEIGYCorporation for 20 years, moving to Vermont in 1989 to take a position asVice President of Human Relations and Regulatory Management at TheMerchant’s Bank. In 1994, McDonald was appointed Commissioner of MotorVehicles and in 2000 became Deputy Commissioner of Education. Prior toher appointment at AOT McDonald served as Commissioner of Personnel.Current Deputy Secretary of the Agency of Commerce and CommunityDevelopment Dawn Terrill will be appointed Vermont’s next Secretary ofTransportation. Terrill, 36, is a resident of Colchester.Prior to her appointment as Deputy Secretary of Commerce, Terrill servedas President and CEO of Hill Associates in Colchester, Vermont, a companythat provides education and training to service providers and equipmentmanufacturers in the telecommunications industry.Terrill joined Hill Associates in 1988, holding various managementpositions including those of Chief Financial Officer and Senior VicePresident.Her new agency has the mission of maintaining a transportation system thatallows for the safe movement of people and goods in a cost-effective,environmentally sensitive and timely manner. AOT oversees approximately14,000 miles of roadway, 320 miles of Interstate, over 2,370 miles oftoll-free state highways, 11,210 miles of municipal roads, 13 publictransit system, 16 public use airports, ten state-owned airports, and 623miles of rail, roughly half of which is state-owned.Douglas said he sought someone “who is a proven manager and whounderstands that maintaining and improving our transportationinfrastructure is critical to our job creation strategy. I have everyconfidence in Dawn’s ability to build on the tremendous progress we’vemade in the last two years.”###last_img read more

DP World-CDPQ platform secures funds for new terminal investments

first_img Despite the impacts of COVID-19 and shifts in the global supply chain landscape, the ports sector has demonstrated a fair degree of resilience. Through recent strategic investments in automation and digital technology, DP World said it has strengthened its logistics capabilities, combined with the maritime services operations and worldwide network of ports and terminals, to provide a full suite of end-to-end smart supply chain solutions. “The partnership between DP World and CDPQ has been very successful, and we have benefited from each other’s expertise. The opportunity landscape for the port and logistics industry is significant and the outlook remains positive as consumer demand triggers major shifts across the global supply chain,” Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, commented. As informed, the commitment increases the total size of the platform to $8.2 billion.  “Building on the success of the first collaboration with our strategic partner, DP World,… the enhanced platform will seek investments in high-quality port and terminal infrastructure assets that will help design the future of smart trade and logistics,” Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at CDPQ, said. Since its launch in December 2016, the platform has invested in ten port terminals globally and across various stages of the asset life cycle. In the first half of 2020, the port operator reported a profit attributable to owners of $313 million, a decrease of 58.5 per cent from $753 million seen in the corresponding period a year earlier. DP World controls 55 per cent share of the platform, while CDPQ holds the remaining 45 per cent. center_img According to DP World, the enhanced platform will continue to target assets globally, but with an increased scope to broaden its footprint in new and existing geographies, such as Europe and Asia Pacific. The investment platform will pursue its deployment and diversification objectives by expanding across a wider part of the integrated marine supply chain, such as logistics services linked to terminals. “As we take the next step in our partnership, we will further diversify our geographic reach and look to seize new opportunities in a sector that, even during a uniquely challenging period, is driven by long-term fundamental trends.” Dubai-based port and terminal operator DP World and Canada’s insitutional investor Caisse de dépôt et placement du Québec (CDPQ) have announced the expansion of their ports and terminals investment platform through a new commitment of $4.5 billion. “(W)ell connected ports and efficient supply chains will continue to play an active role in advancing global trade and cultivating the business environments closest to their operations. Alongside CDPQ, … we look forward to working together on new investments that will connect key international trade locations worldwide.” On the other hand, the company reported revenue growth of 17.7 per cent on a reported basis having booked $4.07 billion in revenue for the period. DP World said the results were better than expected given the negative impact of COVID-19 on the world trade.last_img read more