Food City named 'Employer of Year'
The Council for Exceptional Children Division on Career Development and Transition has named Food City as Employer of the Year.
"I'm humbled and honored to accept this distinguished award on behalf of our entire Food City team, particularly our store managers and human resource coordinators, who work diligently to ensure we provide every opportunity possible to enable our associates with disabilities to become an integral part of our team," said Steven C. Smith, Food City president and CEO.
The Employer of the Year award has been given since 1989 and is presented to an employer or business that has shown remarkable commitment to promoting or providing employment opportunities to students with disabilities.
Xpress Global Systems names interim president
Xpress Global Systems has announced the departure of CEO Darrel Harris and named COO Dale Davis as interim president and COO.
Harris has decided to pursue a growth opportunity as a senior officer with a larger organization, the company said.
Over the next few months, the company will conduct a process for identifying the next CEO and receive broad input, XGS said.
Nearly two years ago, Aterian Investment Partners acquired Chattanooga-based XGS, an expert in the nationwide transportation of floorcoverings, and pledged to invest in structural, organizational and human capital.
BlueCross BlueShield earns 4-star rating
BlueCross BlueShield of Tennessee's Medicare Advantage PPO plan has earned a 4- out of 5-star quality rating from the Centers for Medicare & Medicaid Services (CMS) for the sixth year in a row.
The Chattanooga-based company received cumulative four-star performance on both the overall pharmacy and medical measures. CMS issues ratings annually following a review of plans' member outcomes, operations, and customer surveys across a number of areas.
"We have consistently focused on outreach – connecting with our members so they understand their benefits and their providers' care instructions, and working with providers to help patients stay healthy," said Annamarie Rakes, director of quality improvement for senior products at BlueCross.
Food Lion unveils 'Faces of Hope'
Food Lion is conducting a new campaign, including in the Chattanooga area, aimed at helping support kids and families impacted by the ongoing coronavirus pandemic.
Through the Faces of Hope campaign, Food Lion Feeds is donating 9.5 million meals to Feeding America partner food banks throughout its 10-state footprint.
"Already on the frontlines of ensuring all of our neighbors receive the nourishment they need, our food bank partners are now faced with new challenges from COVID-19 such as increased demand for food, transportation, and volunteer shortages," said Meg Ham, Food Lion president.
In the Chattanooga area, Food Lion Feeds has donated $7,500 to the Chattanooga Area Food Bank to support child feeding programs. Additionally, local Food Lion associates will restock several food pantries across the region and makeover two food pantries by providing much-needed equipment.
First Horizon reports post-merger results
First Horizon National Corp. on Friday posed third-quarter net income available to common shareholders of $523 million and earnings per share of 95 cents.
The results reflect the impact of the July 1 IberiaBank Corp. merger and the July 17 acquisition of 30 Truist branches, according to the company.
Results also include include $269 million pre-tax, or 60 cents per share, of notable items largely related to the IberiaBank merger, the company said. Excluding notable items, adjusted third quarter net income available to common shareholders totaled $193 million, or 35 cents per share, the company said.
"We achieved major milestones in third quarter 2020 with the completion of our merger of equals with IberiaBank and the Truist branch acquisition," said First Horizon CEO Bryan Jordan. "We also delivered strong results despite continued macroeconomic and interest rate headwinds tied to the pandemic."