Missouri Minute: St. Louis County chief resigns; Catholic Health Association names new CEO

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If you’re in Kansas City, you can now get your morning coffee from one two new Thou Mayest locations after the coffee company acquired Quay Coffee. Regardless of who’s serving up your cup of joe, grab yourself a mug and catch up on that acquisition, news from Missouri’s health care industry and the latest “Shark Tank” contestant from St. Louis.

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St. Louis County chief resigns following federal indictment
A federal grand jury indicted St. Louis County Executive Steve Stenger on charges of bribery, mail fraud and theft of honest services. Councilman Sam Page, a Democrat, will replace him. (Associated Press)

Catholic Health Association names new CEO
The nonprofit health care provider has tapped Sister Mary Haddad, currently its vice president of sponsorship and mission, to succeed Sister Carol Keehan as president and CEO effective July 1. (St. Louis Business Journal)

Menorah Medical plans $65 million expansion in KC area
The Menorah Medical Center, part of HCA Midwest Health, will break ground on a new 92,000-square-foot neuroscience and orthopedic center in August. (Kansas City Business Journal)

St. Louis biotech startup acquires German research firm
Canopy Biosciences, which did not disclose the terms of its acquisition of Zellkraftwerk GmbH, said the deal will bring its total headcount to 40 employees. (St. Louis Business Journal)

Head of St. Louis tourism agency to be inducted into travel industry hall of fame
Kathleen “Kitty” Ratcliffe, who has been president of the STL Convention and Visitors Commission since 2006, was recognized by Destinations International for her “significant contribution to the destination and marketing industry.” (St. Louis Post-Dispatch)

KC-based coffee subscription brand expands through acquisition, new facility
Thou Mayest has absorbed two Quay Coffee locations and plans to open a third, 2,000-square-foot shop at Kansas City’s Collective EX in May. (Startland News)

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The average age of American farmers continues to climb, according to a new report from the U.S. Department of Agriculture. The mean age of U.S. producers was 57.5 as of 2017, up 1.2 years from five years earlier. That continued a long-term trend of aging in the U.S. farmer population.

Say that again

“I am very focused on safety going forward. I am strongly vested in that. My clear intent is to continue to lead on the front of safety, quality and integrity.”

Boeing Chairman and CEO Dennis Muilenburg has survived a shareholder vote to split his dual executive roles, Reuters reports. At a news conference on Monday, Muilenburg said he would continue to lead the company after its fastest-selling plane, the 737 MAX, was grounded due to two crashes in recent months.

Go figure

15 percent

That is the portion of Kansas City’s budget that pensions are expected to consume by 2024, The Kansas City Star reports. The cost has ballooned since 2009, when pensions only made up 8.5 percent of the city’s budget. Last year, when pensions made up 13 percent of the budget, pensions were underfunded by over $733 million dollars.

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Saturday was “Expungement Day” at the University of Missouri-Kansas City School of Law. Volunteers from the law school and Code for Kansas City hosted an event helping people expunge certain offenses from their criminal records, KCUR reports. For many, having a criminal record poses a major hurdle to finding employment and attaining financial security.

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Best Wardrobe Solutions

The St. Louis-based maker of pocket square holders presented to investors during Sunday night’s episode of “Shark Tank” on ABC. Founder Cedric Cobb proposed a $200,000 investment for 15 percent stake in the company, the St. Louis Business Journal reports. Fashion mogul Daymond John invested $200,000 in exchange for $1 royalty per unit sold in perpetuity instead of an equity deal.

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