Category: Asean

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Commercial Vehicle Group (CVG) Appoints Andy Cheung as Its Executive Vice President and Chief Financial Officer

Cheung brings with him 25 years of global experience in finance and general management across industries including the automotive and building products sectors.

NEW ALBANY, Ohio, Sept. 14, 2022 (GLOBE NEWSWIRE) — CVG announced today that Andy Cheung has been appointed to the role of Executive Vice President and Chief Financial Officer, effective Oct. 11, 2022.

Prior to this appointment, Cheung spent more than 25 years at Johnson Controls, progressing through a variety of roles and departments, including positions in finance, general management, procurement, and corporate development. He has held a number of senior-level positions throughout his career, and lived and worked in Japan, China, Belgium, and the United States during his tenure. Cheung is joining CVG directly from Johnson Controls where he was most recently serving as Vice President & Chief Financial Officer of Global Products.

“Andy will play an important role in CVG’s transformation,” said CVG President and CEO Harold Bevis. “He has a proven record of building strong teams and delivering results. Andy has extensive experience with acquisitions, joint ventures and partnerships which will prove valuable as CVG enters its next phase of profitable diversified growth.”

“I believe the size, global platform, and diversification of CVG’s offerings poise the company for significant growth over the next few years,” said Cheung. “I’m eager to put my experience to immediate use and become part of CVG’s journey into the future, especially as the company continues focusing on the electric vehicle and automation industries.”

Cheung will replace Christopher Bohnert, who resigned from the role of CFO and is expected to remain with the company in a different role until the end of the year and assist in a smooth leadership transition.

Cheung was born in Hong Kong and received his Bachelor of Business Administration in Accounting from Hong Kong University of Science & Technology, and an MBA from the University of Chicago. Cheung is also a Certified Public Accountant (inactive status).

About CVG
At CVG, we deliver real solutions to complex design, engineering and manufacturing problems while creating positive change for our customers, industries, and communities we serve. Information about our company and products is available at www.cvgrp.com.

Media Contact
Sarah Littlefield
PR Specialist
Sarah.Littlefield@cvgrp.com

This content was issued through the press release distribution service at Newswire.com.

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Vytelle Expands Global Network of Bovine In Vitro Fertilisation Laboratories with Opening in Hamilton, New Zealand

HAMILTON, New Zealand, Sept. 14, 2022 (GLOBE NEWSWIRE) — Vytelle is progressing on a five-year plan, initiated at the conclusion of their Series A funding to provide accessible hormone-free bovine in vitro fertilisation (IVF) to producers across the globe. Part of the five-year plan, included doubling the laboratory capacity to produce bovine embryos through in vitro fertilisation. Announced today, Vytelle’s opening a laboratory in Hamilton, New Zealand.

Vytelle’s integrated technology platform combines Vytelle ADVANCE, a breakthrough in vitro fertilisation technology, with Vytelle SENSE, an animal performance data capture system, and Vytelle INSIGHT, an artificial intelligence-based genetic analytics engine. The platform provides progressive cattle producers the technology to make reliable data-driven mating decisions that improve the predictability of genetic progress replicating the right genetics faster.

The New Zealand-based laboratory will utilise Vytelle’s modern hormone-free in vitro fertilisation process including their proprietary media – developed in-house – that results in high-quality embryos for producers to implant fresh or frozen into recipient cows.

“New Zealand livestock producers can rely on hormone-free IVF technology to replicate the genetics from their elite donors faster than traditional methods we’ve been accustomed to using,” explained Andrew Donoghue, Regional Manager for Australia and New Zealand for Vytelle. He continued, “Since Vytelle produces the media used to culture the oocytes into embryos, producers can be assured embryos are produced consistently with rigid quality standards.”

New Zealand livestock producers can take advantage of the hormone-free IVF process today by scheduling an on-farm ovum pick-up. Qualified donors can be open, 15 days post-calving, or up to approximately 100 days pregnant. Heifers as young as 6 months of age are also eligible.

The Vytelle process is the most accessible, reliable, and predictable IVF process available. Livestock producers can follow the steps below to begin hormone-free IVF.

  1. Livestock producers are encouraged to contact Vytelle to discuss their reproduction program and schedule an on-farm ovum pick-up.
  2. Next, select elite donors for collection.
  3. A specialized Vytelle technician will come to the farm to collect oocytes
  4. Then, determine an implantation method. Vytelle can deliver fresh or frozen embryos.
  5. Finally, the producer will receive a simple invoice only for the Grade 1 embryos produced. As an added benefit, donors used for IVF remain in the conventional breeding cycle for a natural calf.

The New Zealand-based team is serving beef and dairy producers with on-farm ovum pick-ups immediately. Visit www.vytelle.com or contact the local New Zealand representative, Andrew Donoghue at andrew.donoghue@vytelle.com or +61 428 442 155 to accelerate your herd’s genetic progress today.

About Vytelle

Vytelle is a precision livestock company reshaping how cattle producers worldwide optimize their herds. Through Vytelle’s integrated technology platform, generations of genetic gains can be made in just a few years. This allows producers to sustainably deliver more protein with fewer inputs, helping to ensure meat and milk are viable, competitive food choices for future generations.

Attachment

Danielle Starr
Vytelle
danielle.starr@vytelle.com

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Families of Flight PS752 victims submit request for the International Criminal Court Prosecutor to examine Iran’s role in the shootdown of Ukraine Airlines International Flight 752

WASHINGTON, Sept. 14, 2022 (GLOBE NEWSWIRE) — Today, the Association of Families of Flight PS752 Victims (the Association) submitted an Article 15 Communication to Office of the Prosecutor (OTP) of the International Criminal Court (ICC) which provided information and evidence to the OTP about crimes that occurred on board Ukraine International Airlines Flight 752 (flight PS752) that were committed by the Islamic Republic of Iran (IRI) and the Islamic Revolutionary Guards Corps (IRGC). The Association requested that the OTP include these crimes in its investigation of the situation in Ukraine.

The request was submitted in accordance with Article 15 of the Rome Statute, alleging that perpetrators from the Islamic Republic of Iran and its Islamic Revolutionary Guards Corps have committed certain war crimes and crimes against humanity against the passengers and crew of flight PS752 and their surviving family members. The crimes include the war crimes of wilful killing, intentionally directing attacks against the civilian population or civilian objects, outrages upon personal dignity and pillage, as well as the crimes against humanity of murder and ‘other inhumane acts’. The request includes the evidence of victims directly impacted by the shootdown of flight PS752 and the actions of the Islamic Republic of Iran and the Islamic Revolutionary Guards Corps preceding and following the shootdown.

Although Iran is not a State Party to the ICC’s Rome Statute, jurisdiction for the OTP to consider the request and examine the alleged crimes is applicable because flight PS752 is an aircraft registered to Ukraine, which has accepted the Court’s jurisdiction over crimes committed on its territory since 21 November 2013. The Court has jurisdiction over crimes committed on board an aircraft registered to a State that has accepted its jurisdiction, and the OTP has clarified that this includes situations in which an attack is launched from a non-State party onto the territory of a State with jurisdiction before the ICC.

The Association’s request is the first Article 15 communication sent to the Office of the Prosecutor at the International Criminal Court alleging responsibility of perpetrators from the Islamic Republic of Iran and its Islamic Revolutionary Guards Corps for conduct surrounding the shootdown of flight PS752.

Hamed Esmaeilion, Association President and Spokesperson, stated that: “We have waited nearly 1,000 days for progress to be made in our pursuit of justice for our loved ones whose lives were horrifically ended. In the absence of concrete action from affected countries and a complete lack of accountability from the Iranian Regime, it falls on our shoulders to take this to an international forum where they can be held accountable. The Association of Families of Flight PS752 Victims has worked tirelessly, some of us putting our careers on hold, to dedicate our time to pursuing justice through any avenue available to us. We feel this is our responsibility and remain committed to it for the memory and honour of those whose lives were lost.”

Javad Soleimani, Chair of the Association’s Fact-Finding Committee, stated that: “The Association of Families of Flight PS752 Victims believes that justice is not negotiable. The Fact-Finding Report that we released in November of 2021 reinforced why we need help from governments to bring clarification and understanding to the events that led to the downing of Flight PS752. This crime is not just a combination of coincidences and that’s why we need a day in court, not negotiation with Iran who has deceptively and systematically attempted to cover up what happened.”

Amirali Alavi, Director and Chair of the Association’s Legal Committee, stated that: “There was never an impartial criminal and safety investigation into the downing of Flight PS752. This has added countless obstacles and delays to this case and ultimately, has been detrimental to advancing the necessary legal and political processes. It is unacceptable that Iran has not been held fully accountable to date for what happened, and we are hopeful that our next steps can change that.”

Background on Flight PS752: On January 8, 2020, the Islamic Revolutionary Guards Corps shot at least two missiles at flight PS752, killing all 176 people on board and an unborn child. The victims were citizens of the Islamic Republic of Iran, Canada, Ukraine, Sweden, Afghanistan, and the United Kingdom.

Only four hours earlier on the same day, the Islamic Republic of Iran had attacked bases in Iraq housing United States troops in retaliation for the killing of General Ghassem Soleimani on January 3, 2020. The government kept Iranian airspace open despite the grave risk to civilian flights operating that day, especially those near military targets in close proximity to the airport in Tehran. It was in this context that flight PS752 was shot down by the Islamic Revolutionary Guards Corps, a fact which the Islamic Republic of Iran initially denied. The government’s subsequent investigations have been characterized by obfuscation, refusals to cooperate with the international community and a lack of transparency. Evidence was mishandled and destroyed at the crash site, belongings of the victims were tampered with after collection and the bodies of some of the victims of the shootdown were mistreated and not properly identified, with some families receiving body parts that did not match their loved ones.

The families of the victims killed in the shootdown have been intimidated and harassed by Iranian authorities in the aftermath of the shootdown. The Islamic Republic of Iran has also cracked down on protesters and mourners in Iran, even detaining many and imposing harsh prison sentences. In the face of such obstacles, the Association is committed to finding out the truth and seeking justice through all available legal means.

Gissou Nia, a lawyer on the legal team making the request and Director of the Strategic Litigation Project at the Atlantic Council, stated that: “The safety of international civil aviation depends in large part on the understanding that civilians are off-limits and not to be weaponized for political or military gains. Given the regularity of civilian air travel and the necessity to take routes through many different countries on any flight path, there is an implicit understanding by States that this mode and means of transportation should be protected, for the benefit of all. When the officials of a State breach those obligations, it is critical that an impartial, independent investigation take place—an investigation the ICC is well placed to do given that the victims of this crime were nationals from different countries with links all around the world.”

Haydee Dijkstal, a UK Barrister at 33 Bedford Row Chambers in London, and a lawyer on the legal team making the request, stated that: “The International Criminal Court was created to end impunity for crimes which have evaded justice. The goal of raising this case before the ICC, is to find the truth and seek justice for the victims of flight PS752 and their families, and the fact that the crimes were committed on a Ukrainian aircraft opens the door to examining the crimes under the ICC’s jurisdiction over Rome Statute crimes committed on Ukrainian territory. The ICC’s jurisdiction over these crimes provides hope that after more than two and half years, the families of the victims of flight PS752 might see those most responsible held to account.”

For further inquiries in either English or Persian, or to arrange an interview, please contact the following at:

Hamed Esmaeilion
President & Spokesperson, The Association of Families of Flight PS752 Victims
speaker@ps752justice.com

Oliveah Numan
Sussex Strategy Group
onuman@sussex-strategy.com

Gissou Nia
Director, Strategic Litigation Project, Atlantic Council
gnia@atlanticcouncil.org

Haydee Dijkstal
Barrister, 33 Bedford Row Chambers
hd@33br.co.uk

This announcement is available in Farsi: http://ml.globenewswire.com/Resource/Download/5ce0e6b1-a9c3-4f25-8bc8-7318c1122472

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Business School Students in High Demand: Nearly 9 in 10 Landed Jobs Prior to Graduation

Survey finds full-time MBA graduates in North America benefit the most from salary bump while Asia Pacific graduates record the biggest increase in rating of the overall value of degrees

RESTON, Va., Sept. 14, 2022 (GLOBE NEWSWIRE) — Despite market fear of an imminent recession, 86 percent of 2022 business school graduates were employed at the time of graduation, up from 80 percent in 2021, according to a survey report released today by the Graduate Management Admission Council (GMAC). Contributing to the favorable trends are the regional results of graduates who studied in the Asia-Pacific region and Europe. Among graduates of Asia-Pacific business schools, this year 91 percent report being employed at the time of graduation, compared with 78 percent in 2021. Similarly, among European graduates, 90 percent indicate they were employed this year compared with 75 percent last year.

The annual Enrolled Students Survey from GMAC, a global association of leading graduate business schools, aims to better understand current trends in student and recent graduates’ evaluations and outcomes of their graduate management education (GME). Conducted in May-June 2022, this year’s survey explores the views of 1,718 respondents from nearly 300 business schools in 57 countries around the word on their overall GME experience, job search, and compensation in the context of the COVID-19 pandemic.

Globally, the responding graduates of participating schools reported a median percentage increase in total compensation—including base salary and all other compensation—of 29 percent. Notably, among North American school graduates, those who attended full-time MBA programs reported a pre-GME total compensation median of US$80,000, and a post-GME total compensation median of US$120,000—an impressive 50 percent increase.

“With the volatile economic conditions and organizational challenges brought on by the pandemic, well-rounded and prepared business leaders and managers are especially in demand in the current job market,” said Matt Hazenbush, director of research analysis and communications at GMAC and author of the report. “As the survey findings suggest, graduate management education provides students with a powerful leg up for their career.”

Other Key Findings

Most students who set out to make a career change or gain a promotion encounter success

In step with the Great Resignation, students’ top goals and motivations in 2022 were to enrich their lives and make a career change. Among 2022 respondents, a majority who set out to make a career change or get promoted report that they were successful in achieving that goal. Specifically, among those who say making a career change was one of their top three motivations to pursuing GME, 57 percent said they were successful. Success rates for graduates from schools in Latin America/Middle East/Africa (66%) and North America (61%) were slightly higher, though not significantly, than those in Asia Pacific (54%) or Europe (55%), but across world regions a majority successfully made the career change they set out to make. Similarly, 56 percent of graduates who had the goal to gain a promotion were successful.

Social media use in the job search jumps up from last year

Use of social media in the job search—including sites like LinkedIn—increased significantly year-on-year, from 27 to 37 percent, overtaking networking with classmates and alumni (28%) as well as friends and family (35%). The increase in social media use as a job search method was significant among professional MBA (24% in 2021 to 31% in 2022) and business master’s students (23% in 2021 to 40% in 2022). By region, use of social media increased significantly among those who studied in Asia Pacific, Europe, and Latin America/Middle East/Africa, but not in North America.

Students from Asia-Pacific schools rate the overall value of their degree significantly higher in 2022 compared with 2021

Eighty-five percent of respondents rated the overall value of their degree as good to outstanding, up slightly from 82 percent in 2021. By region, students who studied in Asia-Pacific schools reported the largest year-on-year increase in favorable ratings for the overall value of their degree, rising from 75 percent to 86 percent between 2021 and 2022. While both full-time MBA and business master’s students in Asia Pacific had year-on-year increases, the increase was significant among full-time MBA students, rising from 66 percent to 84 percent. Globally, students who attended ranked schools reported similar levels of favorability of the overall value of their degree compared with students who attended non-ranked schools (85%, respectively).

As pandemic restrictions eased, student satisfaction with career and student services improved

Eighty-four percent of 2022 respondents gave career services a favorable review, up from 74 percent in 2021. Also improving were opinions on student services, up to 85 percent favorable from 80 percent in 2021. The improvement in favorability in career and student services was consistent across students of full-time MBA, business master’s, and professional MBA programs, as well as students who studied in Asia Pacific, Europe, Latin America/Middle East/Africa, and North America.

About GMAC

The Graduate Management Admission Council (GMAC) is a mission-driven association of leading graduate business schools worldwide. GMAC provides world-class research, industry conferences, recruiting tools, and assessments for the graduate management education industry, as well as resources, events, and services that help guide candidates through their higher education journey. Owned and administered by GMAC, the Graduate Management Admission Test™ (GMAT™) exam is the most widely used graduate business school assessment.

More than 12 million prospective students a year trust GMAC’s websites, including mba.com, to learn about MBA and business master’s programs, connect with schools around the world, prepare and register for exams and get advice on successfully applying to MBA and business master’s programs. BusinessBecause and The MBA Tour are subsidiaries of GMAC, a global organization with offices in China, India, the United Kingdom, and the United States.

To learn more about our work, please visit www.gmac.com

Media Contact:

Teresa Hsu
Sr. Manager, Media Relations
202-390-4180 (mobile)
thsu@gmac.com

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Dave and Buster’s to Open 11 Units Across KSA, UAE, and Egypt

Announces international franchise partnership with Abdul Mohsen Al Hokair Holding Group

DALLAS, Sept. 14, 2022 (GLOBE NEWSWIRE) — Just a few months after announcing its international expansion plans Dave & Buster’s inks its first multi-country, multi-unit deal.

“We couldn’t be more pleased and excited to announce our Partnership with Abdul Mohsen Al Hokair Holding Group to develop the Dave & Buster’s Brand across key West Asian Markets,” said Antonio Bautista, Chief International Development Officer of Dave & Buster’s.

The Brand will begin its expansion with sites in the Kingdom of Saudi Arabia, followed by the United Arab Emirates and Egypt.

“Dave & Buster’s is a preeminent entertainment brand, and this franchise partnership marks a strategic milestone for our organization as we continue expanding our entertainment and hospitality portfolio across the region,” said Mishal Alhokair, Deputy CEO of Abdul Mohsen Al Hokair Holding Group.

To drive international expansion, Dave & Buster’s has developed key strategic initiatives that uniquely support global market penetration:

  • Customizable footprint to drive box economics in each market as required
  • Menu localization with high regional resonance
  • Proprietary, dynamic pricing model
  • Global marketing programs that are demographically agnostic and locally executable
  • Differentiated and unique amusement strategy and packages
  • Localized entertainment and 3rd day part programming

“With four decades of market leading experience, a seasoned leadership team, and a best-in-class support center infrastructure, Dave & Buster’s is ready to RUN THE FUN for our global partners and guests,” added Antonio Bautista.

For more information on franchising opportunities visit www.daveandbusters.com/franchising or email InternationalDevelopment@daveandbusters.com

About Dave & Buster’s
Founded in 1982 and headquartered in Coppell, Texas, Dave & Buster’s Entertainment, Inc., is the owner and operator of 200 venues in North America that offer premier entertainment and dining experiences to guests through two distinct brands: Dave & Buster’s and Main Event. Dave & Buster’s has 148 stores in 41 states, Puerto Rico, and Canada and offers guests the opportunity to “Eat Drink Play and Watch,” all in one location. Each store offers a full menu of entrées and appetizers, a complete selection of alcoholic and non-alcoholic beverages, and an extensive assortment of entertainment attractions centered around playing games and watching live sports and other televised events. Main Event operates 52 centers in 17 states across the country, and offers state-of-the-art bowling, laser tag, hundreds of arcade games, and virtual reality, making it the perfect place for families to connect and make memories. For more information about each brand, visit www.daveandbusters.com www.mainevent.com

About Abdul Mohsen Al Hokair Holding Group “Believe in what you do & you shall become the master of your craft”
This phrase inspired Sheikh Abdul Mohsen Al Hokair to start his first theme park in Riyadh, which was “an unprecedented leap” in the tourism and entertainment sector, a sector that ran on mere “coincidence.” Here in Abdul Mohsen Al Hokair Holding Group, we turned “the dream” into an organized industry that aspires to be the best locally, regionally, and internationally. Sheikh Abdul Mohsen’s vision began with the need for tourism and entertainment in the Gulf region, which led to the opening of parks, and recreational centers in 1978, making him the Sheikh of Tourism in the Gulf Region. The roots of our companies were based on research and planning and deep consideration for all aspects of success.

Now, many people look to us with deep appreciation and respect. Each of our companies has its own story of success, and together they crowned us as a holding company, an umbrella for all companies and businesses. Holding is the mother and protector of our businesses, which began from the first day of networking that Sheikh Abdul Mohsen started to a glorious road that we hope to continue.

MEDIA CONTACT:
Antonio Bautista
antonio.bautista@daveandbusters.com

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WillScot Mobile Mini Acquires Assets of Portable Storage Provider in Northern California

PHOENIX, Sept. 14, 2022 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a North American leader in modular space and portable storage solutions, today announced it has acquired the dry rental storage fleet of Container Solutions based in Concord, California. The acquisition adds approximately 1,200 portable storage containers and mobile offices to the WillScot Mobile Mini fleet.

Container Solutions is retaining its rental fleet of refrigerated and temperature-controlled containers, as well as its container sales and modifications business.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” “shall,” “outlook” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Certain of these forward-looking statements include statements relating value creation, the Company’s share price, and the Company’s future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. These risks include, without limitation, the risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ended December 31, 2021), which are available through the SEC’s EDGAR system at www.sec.gov and on our website. Any forward-looking statement speaks only at the date on which it is made, and WillScot Mobile Mini disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About WillScot Mobile Mini Holdings Corp.

WillScot Mobile Mini Holdings trades on the Nasdaq stock exchange under the ticker symbol “WSC.” Headquartered in Phoenix, Arizona, the Company is a leading business services provider specializing in innovative flexible mobile office, portable storage and workspace productivity solutions. WillScot Mobile Mini services diverse end markets across all sectors of the economy from a network of about 280 branch locations and additional drop lots throughout the United States, Canada, Mexico, and the United Kingdom.

Media Contact Information

Jessica Taylor

jetaylor@willscotmobilemini.com

Investor Contact Information

Nick Girardi

nick.girardi@willscotmobilemini.com