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“I’m proud to be a part of this university,” he said. WMU’s new president talks about his family, football and why he came to Kalamazoo Under Clinton, Montgomery served as chief economist, then counselor and assistant secretary for the Department of Labor before being named deputy secretary of labor, where he oversaw operations of a $33-billion department. During Obama’s administration, he was a member of the president’s auto task force and led the inter-agency White House Council for Auto Communities and Workers, in a position the media dubbed “the Auto Czar.” During a more than 35-year academic career, Montgomery has held faculty positions at Carnegie Mellon and Michigan State universities and the University of Maryland. He has been at Georgetown since 2010. Montgomery will start at WMU on Aug. 1. Dunn, who had planned to retire June 30, will stay on the job through the end of July. Dunn said Montgomery is clearly an academician with an impressive curriculum vitae, or resume, both through his education at Pennsylvania State University and two advance degrees from Harvard University,and also thathe’s used it wisely inpublic policy under the administrations of two U.S. presidents. Being a dean at two outstanding universities was another positive, Dunn said. “He’s a really great connection and find for us,” Dunn said, agreeing with Montgomery that WMU is student-centric and that his background will help the college’s financial stability. “He’s a good listener and we need good listeners,” Dunn said, and he believes Montgomery will take action after gathering information about issues. The president-electhas a lot of energy, WMUs current president said, and his personality is a good fit for the university. “You want whoever follows you to be even better academically, because that’s what you want for the institution,”Dunn said. “Don’t take Western Michigan University lightly,” he said.
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EDT Cardinal Health stock drops 19% after $6.1 bln Medtronic deal; updated 2017 guidance Want to see how this story relates to your watchlist? Just add items to create a watchlist now: S&P 500 Index (SPX) Add CAH MDT SPX Cardinal Health Inc. /quotes/zigman/135665/composite CAH -11.54% shares dropped 19.3% in premarket trade Tuesday after the company said it had agreed to a $6.1 billion deal for certain Medtronic /quotes/zigman/45845333/composite MDT -0.04% businesses and updated its 2017 guidance. The company now expects fiscal 2017 earnings per share to come in at the bottom of earlier guidance of $5.35 to $5.50, compared with the FactSet consensus of $5.42. Cardinal Health attributed the guidance to generic deflation in its pharmaceutical business. Cardinal Health expects the Medtronic deal, which is for the company’s patient care, deep vein thrombosis and nutritional businesses and should close in the first quarter of fiscal 2018, to add at least 21 cents to EPS that year. Still, Cardinal Health expects EPS to be flat to down mid-single digits for fiscal year 2018, due to “several company-specific discrete items” that it did not specify and generic deflation. The Medtronic businesses encompass 23 product categories and include brands used in nearly every U.S. hospital, Cardinal Health said, with the businesses bringing in $23 billion in revenue for 12 months through October 2016. Company shares have surged 8.0% over the last three months, compared with a 3.4% rise in the S&P 500 /quotes/zigman/3870025/realtime SPX -0.29% . /quotes/zigman/135665/composite
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