Passco Cos. names new president
Irvine, Calif. — Passco Cos. announced that Larry Sullivan has been named president, effective May 30.
Sullivan, who currently serves as CFO and CFO of Passco, succeeds William Winn, who recently resigned.
William Passo, founder, will remain in his current position as CEO.
BP CIO elected to Manufacturing Leadership’s board
MOUNTAIN VIEW, Calif. — The Manufacturing Leadership Council, a global business network for senior industrial executives, has elected Dana S. Deasy, group CIO and group VP of information technology and services at BP, to the board of governors.
In a unanimous vote, the board of governors, which steers the Manufacturing Leadership Council and its global community of more than 5,300 industry executives, approved Deasy’s nomination earlier this month. With his appointment, the board’s ranks expand to 17 members, who hail from organizations such as Ford Motor Company, Lockheed Martin, Dell, Cisco Systems, UCLA, MIT, L’Oreal, the University of Cambridge and GlaxoSmithKline.
"The world around us is moving rapidly in terms of new technology and trends," said Deasy. "It is critical for executives to work together and create a way forward that embraces the changing world. I believe the leadership board is key in enabling this for the manufacturing industry and I am honored to become a member of the Manufacturing Leadership board."
Deasy is responsible for all global IT, indirect procurement and group real estate strategies and key capabilities that support BP’s multiple business operations — including refining, marketing, exploration, production and commodity trading. He led a major transformation project across BP’s entire IT organization to help maximize the company’s competitive edge in the energy industry and increase the value IT provides to its businesses. Prior to BP, Deasy held senior roles delivering large scale IT strategies and projects in General Motors, Tyco International, Siemens and Rockwell Space Systems Division in support of its Space Shuttle program. He holds a bachelor’s degree in business administration from the University of Southern California and a master’s degree from National University.
"We are delighted to welcome Dana Deasy to the board of governors," said Global VP and editorial director David R. Brousell of the Manufacturing Leadership community. "Dana’s long and distinguished career at the forefront of IT leadership for major manufacturing enterprises, combined with his extensive global energy sector insights, is a great asset to the board in its continued research and exploration of the critical issues facing the industry."
The Manufacturing Leadership Council is a member-driven global business leadership network dedicated to senior executives in the manufacturing industry. The council produces an extensive portfolio of leadership networking, information and professional development products, programs and services, including the Manufacturing Leadership Website, an online global business network with more than 5,300 members; the Manufacturing Leadership Council, an invitation-only executive organization of more than 100 members; the annual Manufacturing Leadership Summit; the Manufacturing Leadership 100 Awards celebrating industry achievement; and the Manufacturing Leadership Journal.
Midtown Shopping Center acquires 14.5 acres in Mid-City Los Angeles
Los Angeles — Midtown Shopping Center Associates said it has acquired the land under Midtown Shopping Center plus two adjacent properties totaling 14.56 acres for $42.5 million from Catellus Development Corp., based in Denver.
The 185,000-sq.-ft. center at 4725 W. Venice Boulevard is bounded by Venice, San Vicente and Pico Boulevards in the heart of Mid-City Los Angeles. Young Management Co. negotiated a ground lease with original owner Southern Pacific for 11 acres of the site and developed the center, attracting tenants such as Ralph’s, CVS, Orchard Supply Hardware and Bank of America.
This transaction gives MTSCA ownership of the land under the buildings they own as well as 3.5 additional acres that are on the eastern and western edges of the site.
MTSCA, the investment group that bought the property, includes Young Management Co. and its partners, James Young and Courtland Young. Young Management will be in charge of property management and leasing as well as redevelopment of the center. Plans call for making the center a more family friendly meeting place with extensive pedestrian walkways, seating areas and outdoor dining.