ASME extends executive director agreement
The ASME board of governors voted recently to extend the employment agreement of Virgil R. Carter, executive director, through July 2, 2008, coinciding with Carter’s retirement.
Terry E. Shoup, ASME president, expressed appreciation and gratitude for the leadership Carter, who joined ASME as executive director in 2002, has provided, and noted that his announcement of retirement at this early time “permits ASME to continue to benefit from his continuity of executive leadership while planning for succession in an orderly manner.
“ASME owes executive director Carter a great deal of gratitude and appreciation for his leadership, which has enabled ASME to regain financial viability, to expand its global leadership and to improve its society-wide operations through use of the balanced scorecard,” he added. Shoup will lead the succession transition.
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey