Week in Review | Steve Burns, Mickey’s Tenants, Empty Union Halls
LORDSTOWN, Ohio — The top story this week by far was Monday’s announcement that Steve Burns had resigned as CEO of Lordstown Motors Corp. His resignation and that of former Chief Financial Officer Julio Rodriguez led a big week of news for the electric-vehicle startup.
Later that day, Lordstown Motors announced Burns would collect a $750,000 severance over the next 18 months. Click HERE.
Executives Declare ‘New Day’ at Lordstown Motors
LORDSTOWN, Ohio – In the wake of Monday’s new, the company announced Angela Strand was appointed as executive chair to oversee the organization’s transition until Lordstown Motors can find a permanent replacement for Burns.
Becky Roof has been appointed as interim chief financial officer and Jane Ritson-Parsons was appointed chief operating officer. In an effort to retain key people needed to turn the company around, Lordstown Motors also distributed among its executive team 1.7 million shares of Class A common stock. Click HERE.
Former Mickey’s Army-Navy Gets New Tenants
WARREN, Ohio — Just a few months after purchasing the former Mickey’s Army-Navy store building from the Western Reserve Port Authority, Downtown Development Group has leased 80% of its first-floor space. New tenants include Flying High Inc. and a clothing retailer. Click HERE.
Billions of Dollars in Projects Empty Union Halls
YOUNGSTOWN, Ohio — The union hall at Laborers’ Local 935 in Warren is quiet these days as all 350 members of the local are busy on job sites across the region. Industrial projects, roadwork, public utility upgrades and commercial construction activity are commanding more time among the construction trades than in recent years, an indication of a robust building season.
“We’re at full employment and it’s looking good for us over the next few years,” says Jim Ledenko, business manager at Local 935. Click HERE.
Baseball Title Caps Hollobaugh’s Storybook Senior Season
AKRON, Ohio — Cameron Hollobaugh hoisted the Division IV state championship trophy as his Warren John F. Kennedy High School baseball teammates surrounded him June 13 on the Canal Park field.
Celebration ensued for this Eagles’ team, basking in their first baseball title in school history. Holobaugh could see his father, Rob, in the stands enveloped in the glorious moment for his son. But a day earlier, his father’s presence at the game seemed destined not to occur. Click HERE.
Copyright 2021 The Business Journal, Youngstown, Ohio.