The Fairfield County Business Journal 6/12/2012 Issue

Page 1

FAIRFIELD COUNT Y

BUSINESS JOURNAL

YOUR ONLY SOURCE FOR LOCAL BUSINESS NEWS • westfaironline.com

Vol 48, No. 24 • June 11, 2012

Bob Rozycki

FCBJ TODAY Your banker might be even less bullish than you … 3 Accounting board ponders a small business alternative to U.S. GAAP … 7

cleanup litigation

Gold coastal property: Restoration Hardware to renovate Greenwich Avenue landmark … 8

BY ALEXANDER SOULE

casoule@westfairinc.com

In the field: Kayak reportedly delays IPO amid continuing Facebook fallout … 11

FAIRFIE

ST THE LI

June Next list:

CMOs

Social media’s value examined Page 6

LD COUNTY 18

LIST: JUNE st Hotels NEXTLarge T HOTELS 18 —LARGES

CMOs

CMO Year appoint

Listed

Listed

alphabe

alphab

CMO

.

Year appoint

Website

ed

Birge Robert 2009

number , phone e noted) address otherwis Name, 203 (unless Area code:

KAYACK

1, Norwalk St., Suite 55 N. Water kayak.com 0• 899-310

Website Wise Audrey g of marketin NA

Director

l ort Hospita Bridgep St., Bridgeport 06610 l.com Grant rthospita

e Learnin

d 06902

g Inc.

Suite d Place, Stamfor com 200 First 0 • cenage. 965-860

400, Stamfor

fied Holding

L. Wyman g Jennifer of marketin Director 2007

s

ss Diversi d 06880 Road, Stamfor .com ssequity 61 Wilton 3 • compa 221-170

Compa

Vice presiden

ity

Fairfiel Road, Fairfield Benson edu 1073 N. 0 • fairfield. 254-400 Frontie

r Commu

nicatio

l Electric

Co.

Senior

, Fairfield Turnpike 3135 Easton ge.com 1• 373-221

06828

d 06902 Group Road, Stamfor lding.com gs Point 96 Cummin independenceho 0• 358-800

Inc. 612, Norwalk Ave., Suite th.com 901 Main 0 • imsheal 845-520

IMS Health

CMO, UBS

Betty Nelson marketing t, global Vice presiden 2011 G. Ludmer ional Liaison Charles Nexia Internat l and CMO, 2008

s Politio Paula D. ment America Manage Wealth 2009

d 06912

Stamfor ton Blvd., 677 Washing ubs.com 0• 719-300

k Beth Comstoct and CMO vice presiden 2003

06851

las McNicho g Noreen , marketin Director 2005 her Killoy g Christop and marketin t, sales Vice presiden 2006

ny Inc.

UBS

d C. Smedsru officer Jeffrey g and strategy Chief marketin 2007

The IHC

& Compa

Ruger rt 06890 Place, Southpo com 1 Lacey 3 • ruger. 259-784

Sturm

Craig vice presiden 2011

d 06905

hlin g and McLaug marketin Inc. Theresa t, chief l Group e vice presiden Financia Group executiv officer, Citizens ications 1995 commun

2800 Main stvincents.org 0• 576-600

Coffey t and CMO

Senior

ns Corp.

Stamfor Ridge Park, t 3 High 0 • czn.ne 614-560

Genera

a L.P.

l Center t's Medica 06606 St. Vincen St., Bridgeport

r ciations Rama Sudhaka g and commun t for marketin 2007

06824

Russ Gasdia marketing and t, sales Vice presiden 2006

m 600 Washing sbank.co • citizen rbs.com

Heffler Mava K. t and CMO Vice presiden NA

Inc.

d Univers

06854

as d 06109 RBS Americton Blvd., Stamfor

a Inc.*

Group 06851 7, Norwalk 301 Merritt emcorgroup.com 0• 849-780

EMCOR

Inc.

Brett Keller 2002

Pharm d 06615 Blvd., Stamfor om 201 Tresser purduepharma.c 0• 588-800

Andy FennellDiageo P.L.C. g officer, Chief marketin 2008

06142 778, Hartford .com P.O. Box 0 • diageo 229-210

Diageo

e.com

Purdue

David Redhill 2003

10019 York, NY y, New com 1633 Broadwa 0 • deloitte. (212) 436-200

Deloitte*

North Americ

g

06854

Norwalk icut Ave., 800 Connect priceline.com 0• 299-800

Pricelin

Rich Foley and marketin t, sales e vice presiden 2002 Executiv

267 0 • bridgepo 384-300

Cengag

ed

number , phone e noted) address otherwis Name, 203 (unless Area code:

tically.

etically

Rentals

Inc.

Park, Greenwi ch Office 4 Greenwi 1 • ur.com 622-313

United

logies Corp.

Techno 06101 Hartford l Plaza, 1 Financia 0 • utc.com (800) 728-700

United

Corsillo t and CMO

Senior ch 06830

r Bank ry 06702 om St., Waterbu online.c 145 Bank 2 • webster 578-220

Webste

inment ng Enterta 06902 World WrestliSt., Stamford Main 1241 E. 0 • wwe.com 352-860

Juan vice presiden 2012 Carey E.

Bond

gies Corp. ers Helicopt

Technolo United Global CMO of t, Sikorsky 2009 and presiden

M. Crecca and t Michelle e vice presiden Bank Executiv and Webster CMO, Webster2008 D. Wilson Michelle g officer Chief marketin 2011 Carone Christa t and CMO Vice presiden 2008

Xerox Corp. Norwalk 06856 Ave., m 45 Glover 0 • xerox.co (800) 334-620

. CRIPTION L SUBS sample. DIGonITA view a BY mati and to ILABLE infor e.com AVAlists/ W /thefor more estfaironlin NO/buy • www.w T IS .com Publications EKLY LIS Business THE WEGo to westfaironlineJournal a division of Westfair Principa

ton 06032

L.L.P.* Road, Farming J.H. Cohn

n Park om 76 Batterso 3005. 0 • jhcohn.c 0, ext. . (860) 678-600 (914) 694-360 y websites ts, call from compan County ns or commen ion obtained s in Fairfield Questio Informat y has location Source: * Compan . available NA Not

of 12 Week

June 11,

ess

ty Busin

eld Coun

2012 • FairFi

Jack Serpa, executive vice president for Engage 121 Inc.

The List: chief marketing officers … 12 Special report: is it wise to mine new customers through social media? ... 13 Also … “Slower growth in healthcare costs could be the new normal.” ... 9

MEDIA PARTNER

Tronox move comes amid court battle Chemical company pursues

Changing tastes, changing times As sales of antiques wanes, shop owner tweaks business

BY MARY SHUSTACK

mshustack@westfairinc.com

H

arriet Roughan not only knows her antiques, but she knows her business. Estate Treasures of Greenwich, her longtime consignment shop in Riverside, has kept up with the times by fine-tuning its offerings. A simple walk through the 7,400-squarefoot treasure trove of a showroom will unearth everything from traditional English bone

china tea service to stately gilded-framed mirrors to estate jewelry dripping with gems – but it will also yield modern lamps, throw pillows, contemporary wooden boxes and reproduction cachepots. “The antiques business is not as strong at it was,” Roughan says. “That market has changed, and because it has changed and the young people’s decorating habits have changed, we have changed.” As with many antiques shops faced with Changing tastes, page 6

A

s it headed to court in an attempt to recover billions of dollars, chemicals giant Tronox Inc. simultaneously is relocating its headquarters to Stamford from Oklahoma City, with the state promising $3 million in financing. Tronox claims status as the world’s thirdlargest producer of titanium dioxide, with other producers including DuPont, Huntsman Corp. and Cristal Global. The pigment is used to whiten products ranging from paint to paper to plastic, with major Tronox customers including Benjamin Moore Paints, Sherwin Williams and PPG. In all, more than 1,000 companies buy titanium dioxide from Tronox, giving it an estimated 12 percent of the worldwide market share. In the three months ending March 31, Tronox reported an $86 million profit on revenue totaling $443 million. Tronox will add up to 100 jobs at 1 Stamford Plaza in Stamford, with the company offering cost-of-living adjustments for those that choose to move to the state. At deadline, Tronox had yet to list any open job positions on its website. The company’s arrival is a welcome development given Lonza AG’s decision to wind down its Norwalk office that once was the headquarters of Arch Chemicals, acquired by the Swiss company last year. In mid-May, the U.S. Department of Tronox move, Indeed, page 11

It’s an ad, ad, ad, ad world • 2


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