Business Briefs

Mayor Greg Fischer, GE Appliances President and CEO Kevin Nolan and Gov. Matt Bevin.

Growing Consumer Demand For Ge Appliances’ Products Drives $200 Million Investment In Kentucky, Creating 400 New U.S. Jobs

GE Appliances (GEA), a Haier company, recently announced two major investments totaling more than $200 million to expand its dishwasher and laundry manufacturing facilities and add 400 new jobs in Louisville.

Throughout this year and next, GEA will invest in Appliance Park, its largest manufacturing facility and headquarters location in Louisville.

Plans include:

· investment in its laundry production facility to add an industry-leading new topload washer, completely new dryer platform and additional production capacity for existing models. The laundry production expansion will increase manufacturing capacity by approximately 20 percent.

· investment in dishwasher production to expand the plant’s production capabilities by 35 percent for new plastic and stainless-steel tub models.

“The investments we are making today continue our mission of creating product and production supersites where we can more efficiently channel our innovation and manufacturing expertise by product line,” said Kevin Nolan, president and chief executive officer for GE Appliances. “This will greatly accelerate our ability to provide innovative new products that will delight consumers, expand our workforce and enhance our leadership in the major appliance industry.”

GE Appliances is a major part of the Louisville community. Its operations generate an annual Kentucky economic impact of $4.6 billion annually. The more than 6,000 GEA employees earn more than $515 million in salaries and benefits. The combined impact of operations, employee compensation and the announced $200 million investment will result in creation of an additional 13,500 jobs in the Commonwealth. Over the next five years, Appliance Park is expected to increase its already substantial economic impact by an additional $18 billion.

“GE Appliances has long been an exemplary corporate partner for Louisville and the Commonwealth,” Gov. Matt Bevin said. “This iconic company has employed many thousands of Kentuckians for generations, and we are grateful for their most recent investment in the Bluegrass State. As GE Appliances continues to adapt to a changing marketplace, we are confident that they will remain a perfect fit right here in Kentucky – America’s center for engineering and manufacturing excellence.”


James R. Allen To Ascend To Chair Of Leading National Financial Industry Organization

Hilliard Lyons is pleased to announce that Chairman and CEO James R. Allen has ascended to chair of the Securities Industry and Financial Markets Association (SIFMA), effective Oct. 1. Allen has served as chair-elect for the past year, and will succeed Lisa Kidd Hunt, executive vice president of business initiatives at Charles Schwab.

James R. Allen.

In this leadership role, Allen says he will continue the SIFMA mission of bringing together the shared interests of its more than 400 member firms, with the goal of preserving client choice and supporting the member firms in their efforts to deliver superior service.

“We are in this to serve our clients through rational regulation and a commitment to continuously grow and improve our skill set,” said Allen. “My goal is to shine the light on supporting individual investors at the highest level.”

SIFMA has recently been active in helping shape “Regulation Best Interest,” a rule proposed by the Securities and Exchange Commission and designed to enhance the quality and transparency of investors’ relationships with investment advisors and broker-dealers. Allen says that it’s crucial that small and mid-size regional firms like Hilliard Lyons are represented by SIFMA, as it allows them to have a voice in the industry’s response to the development of industry regulations like this one, thereby ensuring optimal service to its clients.

“The quality of what our industry does to help individual investors has never been higher,” said Allen. “At Hilliard Lyons, we have a very clear understanding of how smaller investors are served, and we know that the wrong kind of regulation can have unintended repercussions for our clients. We’re now in a position to serve them even better.”


Hosparus Health president and CEO Phil Marshall named board chairman of the National Partnership for Hospice Innovation

The National Partnership for Hospice Innovation (NPHI) elected Hosparus Health President and CEO Phil Marshall as its board chairman for the 2018-19 term during its September board of directors meeting. NPHI is a national membership organization made up of over 60 innovative, mid-to large-sized nonprofit hospice, palliative care and advanced illness providers across the country. Through ongoing advocacy and innovation efforts, NPHI is committed to ensuring the highest quality and comfort for seriously ill patients and their families in the last stage of life.

Phil Marshall.

Marshall has led Hosparus Health, a Louisville-based hospice and palliative care provider and one of the top 25 largest nonprofit hospice organizations in the country, since 2006. He previously served as executive director/vice president of Norton Healthcare Foundation as well as chief administrative officer and CEO of The Healing Place, both in Louisville. Before shifting his career toward nonprofit endeavors, he held lending/executive positions with U.S. Bank in Cincinnati, National City Bank in Cleveland and several Kentucky banking institutions. Marshall is a founding member of the Louisville Healthcare CEO Council and currently serves as its treasurer. He also is chairman of Health Enterprises Network board of directors, part of Greater Louisville, Inc. (GLI). Marshall is an active board member for the innovative Thrive Center and served on the executive committee of the board for the Kentucky Association of Hospice and Palliative Care from 2011-17. He holds a bachelor’s degree in business administration from the University of Michigan and an MBA from the Indiana University.

“I’m honored to represent Hosparus Health and the Kentucky/Indiana region in this national role, and I’m proud to help lead the pioneering efforts of NPHI to fundamentally change how the public, health care institutions and our lawmakers think about the last stages of life,” says Marshall. “I’m looking forward to working alongside our members to advance our advocacy efforts toward community integrated, customized hospice, palliative and advanced illness care for everyone who needs it.”

“Our board is comprised of innovative leaders who help guide and strategically shape the future of hospice and advanced illness care through the work of our members. Phil’s passion and drive for high-quality, person-centered care is remarkable, and I am thrilled that he is chair of NPHI,” says Tom Koutsoumpas, president and CEO of the National Partnership for Hospice Innovation.