Executive Alert: Cerner founder talks future, Emerson CEO tackles taxes

Executive Alert is a weekly report on C-level news from across the Show-Me State.

Career moves

Chris Concannon will be joining BATS Global Markets as President on Dec. 15th 2014| Courtesy of BATS Global Markets
Chris Concannon will join Bats Global Markets as President on Dec. 15.| Courtesy of Bats Global Markets

Bats Global Markets has named Chris Concannon as new president. He will join Bats on Dec. 15, and will be based in New York as part of the firm’s executive committee. Concannon was the CEO and president of Virtu Financial and spent six years at the Nasdaq as executive vice president for transaction services.

Terrance M. McCarthy will retire as CEO of First Banks in February. McCarthy has led First Banks through a dangerous stumble and a recovery since he took charge in 2007. He will be replaced as president and CEO by Timothy J. Lathe, who is now president of First Bank.

Jeff Cohen was selected the managing shareholder of the Capes, Sokol, Goodman & Sarachan. Cohen, who concentrates on real estate, business and finance law, is a founder of the Clayton-based firm. The appointment is a change from the firm’s previous three-lawyer executive committee.

Gov. Jay Nixon has appointed Nia Ray as the state’s new Department of Revenue director, effective Dec. 1. Ray currently works as the Department of Labor and Industrial Relation’s Division of Employment Security director.

In the news

Gov. Jay Nixon has tapped former Anheuser-Busch President Dave Peacock and Clayton attorney Bob Blitz to lead the charge to keep the St. Louis Rams in St. Louis. Peacock and Blitz were given 60 days to prepare a briefing for the governor, who expressed resolve to “keep St. Louis an NFL city” amid rumors the team may relocate to Los Angeles.

Emerson CEO David Farr says tax code changes would bring business back stateside|Photo courtesy of wikicommons
Emerson CEO David Farr says tax code changes would bring investments back stateside. | Courtesy of Wikimedia Commons

Emerson CEO David Farr said that the Ferguson-based company would bring $2 billion of overseas profits back to the U.S., if a new Congress is willing to tackle the tax code. In the past, Emerson has borrowed money to invest in its U.S. businesses rather than bring back foreign cash due to the U.S. corporate tax rate, which is among the highest in the world. Farr cited it as a reason the company would expand overseas and not domestically.

Cerner Corp. CEO Neal Patterson shared insights on the future of health care in a speech to thousands of attendees at the 2014 Cerner Health Conference. The co-founder of the fast-growing North Kansas City-based health care IT company touched on the power of predictive modeling, the importance of interoperability and the need for open electronic medical records.

Karl Gemperli, CEO of Olathe, Kan.-based firm Elecsys, said that he intends to stay with the team after his company is acquired by Lindsay Corp.

Waverly, Kan. Based Financial Management Services Inc. has added two Kansas City-area executives, Mike Dixson and Brian Smith-Vandergriff, as shareholders. The two new partners will open a Kansas City office designed to help the firm grow.

James B. Webb, 70, the retired president and CEO of the St. Louis Minority Business Council, died Nov. 3 after being involved in a car accident in St. Louis County. According to a Missouri State Highway Patrol report, Webb had a “medical condition” that caused him to lose control of his vehicle, which was the only one involved in the accident.

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