Tom Torti named new chamber chief

first_imgLake Champlain Regional Chamber of CommerceAnnounces New President to Replace A. Wayne RobertsTom Torti has been selected by the Lake Champlain Regional Chamber ofCommerce Board of Directors as the new President of the Chamber toreplace A. Wayne Roberts, who will be retiring at the end of the year. “The Board is very pleased to announce that Tom Torti will be the nextPresident of the Lake Champlain Regional Chamber of Commerce, followinga thorough and national search process, noted Karen Marshall, LCRCCBoard Chair. “Tom’s solid background in leading and managing complexorganizations, and his experience in policy and state governmentoperations, will provide a solid foundation for his leadership of ourorganization. Tom will be a strong voice for the business community andprovide a seamless transition as we begin new chapters for the Chamberwith the retirement of A. Wayne Roberts.” Mr. Torti will remain in his position as Secretary of the Agency ofNatural Resources (ANR) until after the General Election in November of2006. In a statement issued by the Chamber’s Board of Directors, Mr.Torti stated: “I am excited to be the next President of the LakeChamplain Regional Chamber of Commerce. Although Wayne leaves big shoesto fill, he has pointed the organization in the right direction and Iam eager to work with a vibrant, diverse and growing membership as wellas a solid team of highly respected Chamber staff.”Mr. Torti has been the ANR Secretary since January of 2005. He wasappointed by the Governor to this position after having served as theCommissioner of the Department of Buildings and General Services foreight years. Mr. Torti worked under both Democratic and RepublicanAdministrations, an important attribute for the Chamber’s Board whostrive to be non-partisan in their interactions with the GeneralAssembly and the executive branch of state government. John Dwyer, a member of the Chamber’s Executive Search Committeedescribed the national six-month search process as an intensive, butinteresting exercise in which the committee found a wealth of dynamic,highly qualified list of final candidates to choose from.  “It was adifficult choice, in that each of the candidates possessed exemplaryskills and background. However, Mr. Torti’s ability to work with avariety of stakeholders and people, his financial acumen in overseeingmulti-million dollar budgets and his collaborative manner inestablishing a vision for an organization and then seeing it through inhis work at the state level, is exactly what we are looking for in ournext President.”Mr. Torti has an extensive career in state government and has servedthe local community in various ways including the Essex Selectboard andPlanning Commission, Chittenden County Metropolitan PlanningOrganization, Chittenden County Transportation Authority and variousEssex sports leagues. The Lake Champlain Regional Chamberof Commerce is a non-profit organization that seeks to promote andsupport the healthy environment and quality of life that makes the LakeChamplain Region of Vermont the ideal place to live, work and dobusiness. You have received this message because you authorized theLake Champlain Regional Chamber of Commerce to e-mail you.To change your or your company’s e-mail contact information, pleasecall 863-3489 or e-mail vermont@vermont.org(link sends e-mail). Toreply directly to the sender of this e-mail, please hit “Reply.”last_img read more

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Black Caps cruise past Pakistan in first T20

first_imgPAKISTAN’S dismal tour of New Zealand continued with a comprehensive loss to the Black Caps in their first Twenty20 international yesterday.Crushed 5-0 in the one-day international series, Pakistan’s woes continued at Westpac Stadium in Wellington.The tourists avoided complete embarrassment after being bowled out for 105, but New Zealand closed out a seven-wicket win to take a 1-0 lead in the three-match series.Only Babar Azam (41) and Hasan Ali (23) managed to reach double-figures for Pakistan, who were in huge trouble at 38-6.While Rumman Raees (2-24) struck twice, Colin Munro’s unbeaten 43-ball 49 saw New Zealand to victory with 25 balls to spare.The Black Caps’ win was set up by their bowlers after they put Pakistan in to bat.Pakistan made numerous poor starts in the ODI series and that continued into the T20s.After Tim Southee (3-13) and Seth Rance (3-26) did the early damage, Mitchell Santner (2-15) got in on the act as well.A 15-run partnership between Babar and Faheem Ashraf (7) at least slowed New Zealand, but Pakistan were all out after 19.4 overs.Martin Guptill (2) and Glenn Phillips (3) fell early in the Black Caps’ chase, but Munro was comfortable before being joined by Tom Bruce (26) and Ross Taylor (22 not out.last_img read more

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Penn West Announces Financial Trouble

first_imgCanadian oil and gas producer Penn West Petroleum Ltd said this morning it may be in default on its financial covenants at the end of the second quarter, raising doubts about its ability to continue as a going concern.According to Reuters, as of March 31st Penn West had long-term debt of $1.86 billion, or $1.44 billion at current exchange rates.The company said it was in talks with lenders on amending its financial covenants, which if successful would reduce the risk of default. The company said it would try to raise money by selling more assets and seeking funding from investors.- Advertisement -Similar to other oil and gas companies, the Calgary-based company is suffering from a near-60 per cent slump in oil prices since mid-2014.Penn West’s net loss narrowed to $100 million-dollar, or 20 Canadian cents per share, in the first quarter ending on March 31. That compares to a $248 million-dollar, or 49 Canadian cents per share, quarterly loss a year earlier.Total production in the quarter fell 18.9 per cent to 77,010 barrels of oil equivalent per day.Advertisement As of Friday’s close of $1.05/share, the company’s Toronto-listed shares had fallen about 59 per cent in the past year and 10.3 per cent since the start of this year.Story courtesy Reuters/Business News Network: http://www.bnn.ca/News/2016/5/16/Penn-West-raises-doubts-about-its-future.aspxlast_img read more

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