27th January 2020
Key Atheneum Experts
Former Chief Commercial Officer – General Electric
Former Senior Strategy Director – General Electric
Director of Business Development – Siemens Energy (rival)
Key Information
HQ – US
Operations – Global
General Electric (GE) are close to making a final investment decision on plans to build a $3.5bn refinery in Uganda. The consortium led by GE would hold a 60% stake in the project. However, GE are also missing out on revenues due to the delays from Boeing as its 737 Max is unlikely to be cleared to fly until June/July. Q4 earnings are to be announced on January 29th. Share price up 4.7% in the past 30 days and up 33% in the past 52 weeks.
Key Atheneum Experts
Former Senior Innovation Director Eaton
Former Quality Director – Eaton Hydraulics Group
Former Senior Director – Danfoss (rival)
Key Information
HQ – US
Operations – Global
Eaton Corp. have agreed to sell their hydraulics business to Danfoss for $3.3bn. Last October Eaton agreed to sell their lighting unit for $1.4bn and purchased a maker of electrical interconnectors from TransDigm Group for $920m in December. Moody’s have recently announced that Eaton’s ratings are unaffected by the planned sale. Share price up 1.9% in the past 30 days and up 36% in the past 52 weeks.
Key Atheneum Experts
Former Managing Director – Airbus
Former Vice President – Airbus
Managing Director UK & Middle East – Boeing (rival)
Key Information
HQ – Netherlands
Operations – Global
Airbus hit record highs on Wednesday 22nd January, largely on the back of their main rival, Boeing’s, delays. They are also set to add a new assembly line at their base in Toulouse in order to boost production of their fast-selling A321neo narrow-body jet. Share price up 2% in the past 30 days and up 41% up in the past 52 weeks.
Key Atheneum Experts
Former COO Power Transmission – Siemens
Director Director of Operations – Siemens Energy & Automation
UK Country Ambassador – Blackchain Industry Group
Key Information
HQ – Germany
Operations – Global
Siemens have come under scrutiny recently from climate activists for their involvement in the development of an Australian coal mine. In other news Siemens are working with Dubai’s government to educate the country’s citizens on blockchain in anticipation of a fully digitized UAE. Share price fell 2.1% in the past 30 days but is up 15% in the past 52 weeks.
Key Atheneum Experts
Former VP Sales & Distribution NA – Johnson Controls
Former Global Marketing Director – Johnson Controls
Chief Technology Officer – Schneider Electric (rival)
Key Information
HQ – Ireland
Operations – Global
Johnson Controls have begun an external search for a new CFO after they announced last quarter that current CFO Brain Stief would be retiring. A healthy order backlog in Field Solutions is set to aid Johnson in a tough expected Q1 this year. Share price rose 0.7% in the past 30 days and up 26% in the past 52 weeks.