It takes a carefully crafted team of more than 1,200employees to keep the resort operations at Okemo Mountain running smoothly12 months out of the year. A dedicated workforce of professionals who areexperts in their fields fill a variety of positions that include indoorsand outdoors, full-time and part-time.Okemo’s Vermont student workforce is an integral part of the overall operation. But, when the local school systems do not share the sameholiday vacation week as the rest of the eastern states, Okemo’s HumanResources team “kicks into action” to fill those much-needed positions.Remo Paul, Co-op Coordinator at the River Valley Technical Centerworked closely with Crystal Stokarski, Okemo’s Director of Human Resourcesto develop a program where students could work in a number of servicerelated positions at Okemo and gain experience while on the job. Theseexperiences were directly linked to their course of study at the RiverValley Technical Center.”This was truly a win-win situation for everyone,” commented RemoPaul. “Our Technical Center students were able to receive credit fortheir work-based experience in the resort industry, and we were able toassist Okemo during their busy season.”For Okemo, it’s all about exceeding guest expectations. This is doneby hiring staff members with a positive, professional, guest orientedattitude. Students from the Business, Human Services and Culinary Programsat the River Valley Technical Center worked closely with Okemo supervisorsto provide the best possible experience for visiting guests. Studentslearned that the development and delivery of the product stimulates apersonal sense of pride and fulfillment in being a part of a successfulbusiness.”The vacation week was a tremendous success from both the student’sand Okemo’s perspective,” commented Crystal Stokarski. “Some studentsplan to return to Okemo to work during their holiday break continuingtheir work-based learning experience.”
JAMES KEYES PROMOTED TO PRESIDENT OF CITIZENS BANK’S CHARTER ONE FRANCHISEIN VERMONTKeyes, Who Joined Citizens Bank in 2002 as EVP of Commercial Lending, WillOversee Vermont OperationsProvidence, RI (August 26, 2004) – Citizens Financial Group announcedtoday that James R. Keyes will be President of Citizens Bank’s Charter Onefranchise in Vermont. Citizens takes over Charter One on September 1. Keyes, who joined Citizens Bank New Hampshire inJune of 2002 as Executive Vice President of Commercial Lending, willreturn to the Vermont market, where he spent more than 17 years.”Jim brings more than 25 years of diverse banking experience to his newrole within Citizens Bank,” said Bob Mahoney, Vice Chairman of New EnglandBanking at Citizens Financial Group. “He is a ‘balanced banker’ with abackground that includes executive level management positions in manyareas of banking – with specific experience in commercial lending and riskmanagement. He is an accomplished banking professional who is committedto serving our employees, our customers and the Vermont community.”Prior to joining Citizens Bank in June of 2002, Keyes served as presidentand chief executive officer at First Vermont Bank, a subsidiary of theBanknorth Group in Brattleboro, Vermont. While there he was responsiblefor achieving and maintaining outstanding financial performance, and hemanaged the successful merger of Woodstock National Bank into FirstVermont Bank in 1999. Keyes has also held numerous executive levelpositions with the Banknorth Group and The First National Bank of Boston.”I look forward to returning to Vermont – this time to the Burlington area– and becoming re-acquainted with the many communities throughout thestate,” said Keyes. “I continue to be impressed with Citizens focusedbusiness strategy, and I enthusiastically embrace the opportunity toexpand the bank’s successful franchise into the Vermont marketplace.”Keyes holds a master’s degree in business administration from NortheasternUniversity and a bachelor’s degree from Middlebury College. He has beenan active member of both the Vermont Bankers Association and the VermontChamber of Commerce. Keyes is also on the Board of Trustees forMiddlebury College, and was vice chair of the board of directors ofSouthern Vermont Health Services Corp. and Brattleboro Memorial Hospital.About Citizens Bank New HampshireCitizens Bank New Hampshire is an $8.4 billion state-chartered,full-service commercial bank headquartered in Manchester. It has 75branches and 167 ATMs located throughout the state and is a major lendingand commercial banking services resource for the New Hampshire businesscommunity. It has more than 1,200 employees.Citizens Bank New Hampshire is a subsidiary of Citizens Financial Group,Inc., an $80 billion commercial bank holding company. It is headquarteredin Providence, R.I., and has more than 870 offices, approximately 1,680ATMs and approximately 16,000 employees in seven states. It operates asCitizens Bank in Connecticut, Delaware, Massachusetts, New Hampshire, NewJersey, Pennsylvania and Rhode Island. Citizens is the 11th largestcommercial banking company in the United States ranked by deposits.Citizens is owned by The Royal Bank of Scotland Group plc. The CitizensWeb site is www.citizensbank.com(link is external).
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Most of Vermonts Legislature and many in its media and the general intelligentsia do not really believe our state faces a serious crisis regarding our tax burden or economy; lets look at the facts.As leader of Vermont Tax Revolt found at www.VermontTaxRevolt.org(link is external) this recently formed grassroots organization is composed of nonpartisan-seeking citizens who are concerned not only with Vermonts weighty tax burdens, but with what we see as ominous signs of worse things to come. As our web site voluminously lists, lets look at some of those more troubling danger signals should give pause and reflection to all Vermonters.Vermont is in a demographic free-fall: Vermonts share of people aged 25 to 29 is the lowest in the nation while its share of people aged 50 to 54 is the highest in the country; Vermont has the lowest birthrate in the nation; Vermonts young people leave our state at 4 times the national average; and lastly, because of an anomaly of birth cycles, in approximately 2012, our school population will actually begin to increase just as our aging population and their income tax dollars begin to retire, causing what the Ethan Allen Institutes Off The Rails report terms our coming train wreck. Between 2000 and 2006, Vermont lost 11,000 quality private sector jobs and found 20,000 new jobs; 65% of which came from either government (4,000) or from the education and health services field (9,000) and these mostly in the field of social assistance. This is an unsustainable tread: our taxpaying businesses shrink, leaving our remaining private sector businesses and home owners to support a growing government and non-profit sector. In addition to these two major demographic and economic challenges, the Vermont Tax Revolt organization has identified at least $3.5 billion of unfunded liabilities and expenses facing Vermont taxpayers, all of which are identified on its web site.This October witnessed the first of almost 80 million baby boomers that will file for retirement in the coming years. In addition to the projected $50 trillion deficit facing Medicare and Social Security, these retirees will be cashing in their IRA’s and 401k’s. This demographic tsunami will result in an enormous amount of claims on the goods and services of this nation, and if output in the form of the goods and services that these retirees demand doesn’t at least keep pace with this demand – shortages and inflation will occur. Imports may seem like a viable option, but if we’re not producing the wealth to pay for them, we’ll just be adding to our deficit spending. Drilling down to Vermont’s economic and demographic crisis, Senator Shumlin is on record as stating that “Vermonters do not have the additional earning capacity to raise [even] $250 – $350 million.” In order for Vermont to keep pace with the claims on its economy, entitlements and transportation infrastructure needs, it must abandoned its preoccupation with its culture of distribution and redistribution of wealth and embrace a culture of producing real wealth, not just financial claims on it. Over time, tax revenues are determined by economic and productivity growth.With our young sons and daughters fleeing Vermont at 4 times the national average, with quality private sector job growth almost nonexistent along with the general lack of affordability for the average, working middle-class family and Vermont taxpayers facing at least $3.5 billion of unfunded liabilities and expenses, the facts just dont validate denial of the obvious any longer.Winston Churchill said it best: The multitudes remained plunged in ignorance of the simplest economic facts, and their leaders, seeking their votes, did not dare to undeceive them.Folks, its time to awaken this sleeping giant.Tom Licata leads Vermonts citizen-led grassroots organization, found at www.VermontTaxRevolt.org(link is external). He lives in Burlington.
Cathy VanYperen has made history at Champlain College. The Clarendon, Vt., resident is the first to graduate from the Colleges online MBA program.In just under two years, VanYperen completed her coursework on weekends and evenings through the online program, while she worked and taught at Castleton State College. With her new masters degree on her resume, she was able to become a full-time, tenure-track assistant professor of business administration at Castleton.”While working full time and teaching part time, there was no way I could go to a classroom for my MBA,” she said. “Taking a virtual program meant that I could do my classwork at night or on the weekendsat my convenience.”Prior to becoming a full-time professor, she worked for 12 years in sales and corporate communications at Hubbardton Forge. She said that she started integrating her MBA classwork into her “real” work right away. “I’ve been using my MBA since I started the classes,” she said.VanYperen said that being a student offered more benefits than the obvious. “It helped me both in terms of knowledge and teaching methods,” said the professor. “I always talked about my MBA program in my classes and my students benefited because I had more empathy and had learned ways to explain things more clearly.” Management, business writing and business case studies courses are among those that she teaches.VanYperen had previously earned a MSA degree from St. Michael’s and a bachelor’s degree from Baylor University in Texas. “The last time I was in school was 1990, so I was refreshed with this program,” she said.VanYperen will share her experiences in November with new Champlain MBA students as they gather for a graduate student summit on campus. The next online MBA courses start on November 26 and February 25.
The “Best Companies to Work for in Vermont” ceremony will take place April 1 at Main Street Landing in Burlington. We will honor five Large Companies (over 150 employees) and 10 Small & Medium Sized Companies (15 to 149 employees) as the Best Companies to Work for in Vermont. All the honorees are listed below. The rankings in each category will be announced at the event. Presented by Vermont Business Magazine.Partnered with: Vermont Chamber of Commerce, Society for Human Resource Management-Vermont State Council, Vermont Department of Labor, the Vermont Department of Economic Development and Best Companies Group.Small/Medium companies (15-149 employees)In Alphabetical orderEdward JonesInsrumartMBF BioscienceNRG Systems. IncResource Systems Group IncSmall Dog ElectronicsTPW ManagementVELCO (Vermont Electric Power Company)VocRehab VermontWells River Savings BankLarge Companies (150 employees and up)In Alphabetical orderBioTek Instruments, Inc.Gardener’s Supply CompanyGreen Mountain PowerKing Arthur Flour CompanyMerchants BankCeremony and Networking Reception, $35 per person. To register call 802-865-5202 or email firstname.lastname@example.org(link sends e-mail).Time & Location: April 1, 2009, 4 pm. Main Street Landing Film House, at the corner of Lake & College Streets, Burlington
Green Mountain Coffee Roasters, Inc., (GMCR) (NASDAQ: GMCR), a leader in specialty coffee and coffeemakers, today announced a definitive Stock Purchase Agreement pursuant to which ARAMARK Refreshment Services, LLC (ARAMARK), a leading provider of office coffee and refreshment services, will acquire all outstanding shares of Van Houtte USA Holdings, Inc., also known as the Van Houtte U.S. Coffee Service business or “Filterfresh” business from GMCR, for an aggregate cash purchase price of approximately $145 million. The purchase price is subject to adjustment based on Filterfresh’s working capital and indebtedness as of immediately prior to the transaction’s closing. “ARAMARK and Filterfresh are both leaders in providing excellent service and quality office coffee and other refreshments to employees in the workplace,” said Jonathan Peters , Executive Vice President, ARAMARK Refreshment Services. “We look forward to satisfying even more customers through this new partnership.””We believe there is a strong strategic fit between the Filterfresh business and ARAMARK and we look forward to continuing to work with ARAMARK as a valued distributor,” said Dave Manly , General Manager of the Away From Home business for GMCR’s Keurig business unit.The Purchase Agreement contains customary representations, warranties and covenants, and is subject to various closing conditions, including obtaining regulatory approval in the United States. Subject to certain limitations, each party has also agreed to indemnify the other for breaches of representations, warranties and covenants and other specified matters.On December 17, 2010, GMCR acquired Van Houtte through the purchase of all of the outstanding capital stock of LJVH Holdings, Inc. At the time of the acquisition, GMCR announced it would pursue a sale of a portion of the former Van Houtte business, namely Van Houtte’s U.S. Coffee Service business, also known as Filterfresh. GMCR has accounted for all the assets and liabilities relating to the Filterfresh business as held-for-sale in its most recent financial statements.About Green Mountain Coffee Roasters, Inc.As a leader in specialty coffee and coffee makers, Green Mountain Coffee Roasters, Inc. (GMCR) (NASDAQ: GMCR), is recognized for its award-winning coffees, innovative Keurig® Single-Cup brewing technology, and socially responsible business practices. GMCR supports local and global communities by offsetting 100% of its direct greenhouse gas emissions, investing in sustainably-grown coffee, and donating at least five percent of its pre-tax profits to social and environmental projects.GMCR routinely posts information that may be of importance to investors in the Investor Relations section of its website, including news releases and its complete financial statements, as filed with the SEC. GMCR encourages investors to consult this section of its website regularly for important information and news. Additionally, by subscribing to GMCR’s automatic email news release delivery, individuals can receive news directly from GMCR as it is released.About ARAMARKARAMARK is a leader in professional services, providing award-winning food services, facilities management, and uniform and career apparel to health care institutions, universities and school districts, stadiums and arenas, and businesses around the world. The company is recognized as the industry leader in FORTUNE magazine’s “World’s Most Admired Companies,” and as one of America’s Largest Private Companies by both FORTUNE and Forbes magazines.Through its Refreshment Services group, ARAMARK provides a wide range of food and beverage services, supplying more than one billion cups of coffee annually to business and industry clients worldwide. ARAMARK offers a single source for office coffee service, water filtration, brand-name beverages, and food and break-room essentials. More information can be found at aramark.com or aramarkrefreshments.com.GMCR Forward-Looking StatementsCertain statements contained herein are not based on historical fact and are “forward-looking statements” within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “feel,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “should,” “would,” and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Owing to the uncertainties inherent in forward-looking statements, actual results could differ materially from those stated here. Factors that could cause actual results to differ
Saint Michael’s College,Over the last several months, Saint Michael’s College has named four new members to its governing board of trustees and has announced a new board chairman. William Gallagher, CEO of Atlantic Data Services of Quincy, MA, is the new board chair. Gallagher and his wife Penelope are the parents of 1999 Saint Michael’s College graduate, Becky, and her husband Thomas Fontana who is also a 1999 graduate. New members of the board are the following: Dr. Sultan Ahamed, president and chairman of the board of Connecticut Medical Insurance of Glastonbury, and senior attending surgeon of William Backus Hospital of Norwich, Conn. Rev. Michael Jacques, SSE, pastor St. Peter Claver Church, New Orleans, La. Rev. Richard Myhalyk, SSE, executive director of the Edmundite Southern Missions, Selma, Ala. Barry Roy, National Director of Tax Quality Assurance and Risk, Deloitte, Washington, DC, 1996-2009;Tax Partner, Deloitte, 1981-2009; Office of Chief Counsel, Internal Revenue Service, Washington, DC, 1974-80. Other current members of the Saint Michael’s College Board of Trustees are Sr. Peg Albert, OP, PhD; Sr. Lorraine Aucoin, P.M.; Mr. John J. Bergeron, Mr. Lawrence Blanford, Ms. Patricia Casey, Mr. Phil C. Ciulla Jr., Rev. David G. Cray, SSE; Very Rev. Michael Cronogue, SSE; Mr. Donald R. Dion Jr.; Mr. Mark Doran; Ms. Michele S. Gatto; Mr. Gerry Gould; Rev. Thomas F.X. Hoar, SSE; Mr. R. Alan Hunter Jr.; Ms. Noriko Kameda; Sr. Jacqueline Marie Kieslich, RSM; Rev. Msgr. John J. McDermott; Mr. Michael E. McGrath; Dr. John J. Neuhauser; Dr. Celine R. Paquette; Mr. Ernest A. Pomerleau; Rev. Marcel R. Rainville, SSE; Rev. David J. Theroux, SSE; Dr. Peggy R. Williams. Saint Michael’s College, The Edmundite Catholic liberal arts college, www.smcvt.edu(link is external) . Saint Michael’s provides education with a social conscience, producing graduates with the intellectual tools to lead successful, purposeful lives that will contribute to peace and justice in our world. Founded in 1904 by the Society of St. Edmund and headed by President John J. Neuhauser, Saint Michael’s College is located three miles from Burlington, Vermont, one of America’s top college towns. Identified by the Princeton Review as one of the nations Best 376 Colleges, and included in the 2012 Fiske Guide to Colleges, Saint Michael’s has 1,900 undergraduate students and 500 graduate students. Saint Michael’s students and professors have received Rhodes, Woodrow Wilson, Pickering, Guggenheim, Fulbright, and other grants. The college is one of the nation’s top-100, Best Liberal Arts Colleges as listed in the 2012 U.S. News & World Report rankings. -30-