Another dimension: Baton Rouge-based Lofton Corp. has acquired Global Safety Consultants, a Lafayette-based safety company, which will allow Lofton to expand its services to provide safety training and consulting services. The company has established a new division to operate as Lofton Safety Services. “Lofton has always strived to be more than a staffing company, but a true partner to our clients as it relates to workforce management.” says Lofton Co-President Bart Lofton in a news release. “With GSC, we already had an established relationship. They are a family owned company … with similar values in line with our own.” Financial terms of the deal were not disclosed.
Get well soon: Albemarle Senior Vice President and Chief Financial Officer Scott Tozier will be on a temporary medical leave of absence, effective immediately, the Baton Rouge-based specialty chemical maker announced today. “It is anticipated that he will return to his normal duties in the near future,” the company says in a news release. In his absence, other executive officers of the company will assume Tozier’s management duties while remaining in their current positions, Albemarle says. Specifically, Senior Vice President of Corporate Strategy and Investor Relations Matthew Juneau will assume management responsibility of Albemarle’s finance and accounting, tax and treasury teams.
Climate change: A CenturyLink director has resigned after his fellow board members said he was “creating an environment that was unproductive,” leading to a dispute that has now escalated into public view with the disclosure of sharply worded internal emails. Bloomberg reports that in a regulatory filing, the company didn’t explain what it means to create an unproductive environment or what exactly Joseph Zimmel, a former Goldman Sachs Group Inc. executive, did to generate it. But all board members except one had agreed Zimmel shouldn’t stand for election again because of his impact on the group’s chemistry. After refusing repeated requests since early December to withdraw his name from consideration for re-election, Zimmel told the board on Jan. 19 he was resigning. CenturyLink is one of just two Fortune 500 companies based in Louisiana, with the other being Entergy. Read the full story.
