Readers Digest Association Taps Paul Tomkins as CFO

first_imgThis morning, the Reader’s Digest Association and parent company RDA Holding Co. announced that Paul R. Tomkins is set to succeed Tom Williams as executive vice president and chief financial officer with the company. Tomkins is also slated to join RDA’s management executive committee. Tomkins will start his new position on May 23, joining RDA from the non-publishing sector where he was vice president controller of AT&T’s Business Solutions.Former CFO Williams became RDA president and CEO when Mary Berner parted ways with the company in late April. After Berner’s departure, Randall Curran, CEO of telecommunications company DELTACOM, Inc., filled her position as chairman of the RDA board.This announcement trails shortly after RDA announced its first quarter financials. Overall revenue in the first quarter of 2011 was $326 million, falling from $413.9 million in the first quarter of 2010 (during which RDA emerged from bankruptcy on February 20). From February 20 to March 31, 2010, RDA’s revenue totaled $156.2 million. RDA cites fewer magazine/book renewals, unprofitable product lines and less magazine issues for the revenue loss and for the EBITDA in the first quarter of 2011, which was at negative $25.2 million. In the first quarter of 2010, EBITDA was up at $9.5 million.last_img read more

SELECTMEN NEWS Big Issues To Be Discussed At Meeting On Monday December 10

first_imgWILMINGTON, MA — The Wilmington Board of Selectmen meets this Monday, December 10, 2018 at Town Hall (Room 9). An Executive Session begins at 6:30pm. The public portion of the meeting begins at 7pm.There are some noteworthy items on the agenda, including:DPW Director Michael Woods, Town Engineer Paul Alunni and Planning Director Valerie Gingrich will discuss the Woburn Street/Lowell Street intersection.Town Manager Jeff Hull will provide an update on the North Wilmington MBTA Commuter Rail Station.Town Manager Jeff Hull will provide an update on the Butters Row Bridge Replacement.Town Manager Jeff Hull will provide the results of the recent Annual Town Meeting Survey.Town Manager Jeff Hull will share good news about a recent award won by the Yentile Farm Recreational Facility.Town Manager Jeff Hull will provide an update on the FY2020 budget process.Town Manager Jeff Hull will provide an update on Russell Disposal’s performance bond.Town Manager Jeff Hull will provide an update on placing AEDs at all town parks.Town Manager Jeff Hull will provide an update on the Fire Department’s fire pumper situation.Town Manager Jeff Hull will announce the appointment of Laura T. deWahl to the Wilmington Conservation Commission.Selectmen will consider the approvals of various licenses for town businesses.The meeting will be telecast live by Wilmington Community Television on WCTV-G — Channel 22 on Comcast and Channel 38 on Verizon.  The meeting will also be streamed on WCTV’s website HERE.Wilmington Apple intends to report on many of the items above – and any other news that comes from the meeting — over the next two weeks. Wilmington Apple sometimes live-tweets the meeting HERE.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Thank You To Our Sponsor:Share this:TwitterFacebookLike this:Like Loading… RelatedSELECTMEN NEWS: Selectmen To Discuss Senior Center, Palmer Park, WHS Gym Floor At September 9 MeetingIn “Government”SELECTMEN NOTEBOOK: 6 Things That Happened At This Month’s Selectmen’s MeetingIn “Government”SELECTMEN NEWS: Childhood Cancer Study, Olin, Cook Ave., Recreation Dept. Update On Agenda For Tonight’s MeetingIn “Government”last_img read more

Account Aggregator to make funding seamless in India

first_imgReserve Bank of IndiaReutersFormer UIDAI chairman Nandan Nilekani introduced the Account Aggregator to give individuals and small businesses more control over their digital data. Sahamati, a body which will promote the Account Aggregator ecosystem, will be headed by BG Mahesh, one of the earliest internet entrepreneurs in India who also founded OneIndia.com. The account aggregator is based on a new class of non-banking financial institutions called the account aggregator (NBFC-AA) model.The Reserve Bank of India (RBI) is planning to make bank account operations, including mutual fund, insurance and provident fund businesses, paperless through the account aggregator (AA) app. This will give individuals greater control over how their data is being used, while also reducing the need for them to visit multiple bank branches.Sahamati will work towards accelerating the adoption of the framework by building awareness about the new technology and supporting implementation and integration through various workshops.A new era has begun. Thanks to #AccountAggregator and other digital infrastructure that we have, India will become a leader in empowering individuals and small businesses with their own data! https://t.co/lqkXDN3u44— Nandan Nilekani (@NandanNilekani) July 25, 2019The aggregator will obtain data from multiple service providers and deliver it via consent-based channels to financial information users. This will be used in the financial sector first, followed by telecom, healthcare, and other sectors.”Thanks to AA and other digital infrastructure that we built, India will become a leader in empowering individuals and small businesses with their own data,” said Nilekani.The non-profit will apply for the self-regulatory organisation (SRO) licence with the RBI, which is expected by the year-end, allowing the companies to start offering the services. The license will also give it the status of a self-governing body, allowing it to work on a code of conduct and best practices for member organisations, Mahesh told The Hindu BusinessLine.SBI Chairman Rajnish Kumar believes that the use of account aggregators could lead to cost efficiency. This can be shared with the customer in terms of a lower rate of interest.The central bank in 2016 had approved a new class of Non-banking Financial Companies (NBFCs), including four major financial regulators RBI, SEBI, IRDA and PFRDA, to act as Account Aggregators. Their responsibility is to transfer a client’s data without storing it. Acting like consent brokers, the AAs can make money out of this transaction without being able to read the data.last_img read more