Rockwood Holdings (ROC), 100 Overlook Center, Princeton 08540; 609-514-0300; fax, 609-514-8720. www.rocksp.com.
The CEO of Overlook Center-based specialty chemical company Rockwood Holdings has resigned and has been replaced by the company’s CFO as an interim leader. Seifi Ghasemi stepped down from the top job to become CEO of Allentown-based chemical maker Air Products, but will remain chairman of the board through January 1 and will stay on the board after that. Robert J. Zatta is his temporary replacement while the company searches for a permanent CEO.
Ghasemi, who had served as a member of the Air Products board of directors, will take the reins of the specialty gas and technology company effective July 1.
Also at Rockwood, Thomas J. Riordan, senior vice president, law & administration, and corporate secretary, has been named executive vice president and chief administrative officer.
Stormy Seas For Ocean Power
Ocean Power Technologies, an alternative energy company based on Reed Road in Pennington, has fired its chairman and CEO, Charles F. Dunleavy, and will conduct an internal investigation of an agreement made between one of the company’s subsidiaries and the Australian government.
The subsidiary, Victorian Wave Partners, agreed to build a wave power station off the coast of Australia and was awarded a $66 million grant from the Australian Renewable Energy Agency. The company has hired an outside attorney to investigate the deal as well as its own public statements about the project. Board member David L. Keller will serve as interim CEO.
Ocean Power Technologies designs and builds buoys that generate electricity based on wave action. It has tested them off Scotland, Hawaii, and New Jersey.
Ocean Power Technologies (OPTT), 1590 Reed Road, Building A, Suite 1, Pennington 08534; 609-730-0400; fax, 609-730-0404. David L. Keller, interim chief executive officer. www.oceanpowertechnologies.com.
Distribution Center For Bordentown
Grainger, the industrial supply company, plans to build a massive 1.3 million square foot distribution center on Hedding Road in Bordentown. The company announced it plans to build the warehouse on 96 acres of land in the township.
Grainger recently announced it was hiring 400 people to work at the warehouse, which will open in 2016, and that the number of employees could rise to 700 or more. The company also operates a distribution center in Robbinsville.
“Our new distribution center will allow us to get more products next day to our customers in the Northeast, so they have what they need to help keep their operations running and their people safe,” said Paige Robbins, vice president of Americas Supply Chain with Grainger. “Grainger has been in New Jersey since 1933, and we’re looking forward to becoming an active member of the Bordentown Township business community.”
IDI Gazeley will serve as the developer/construction manager, and Gray Construction will serve as general contractor. KSS Architects is planning the interior of the building, and Maser Consulting is the civil engineer.
Reconfigured: Orchard Road
Herring Properties has completed renovations at its office complex on Orchard Road in Skillman. The firm is now looking for tenants in 50,000 square feet of newly configured office space.
The company said in an announcement that spaces as small as 1,000 square feet were available. Herring Properties has owned and managed the building since 2005.
The 214,000-square-foot building was once owned by Johnson & Johnson and is now being touted as a “Work-Live” project with 150 townhouses planned for the 70-acre campus.
“We recognize that it is difficult for smaller companies to find attractive and affordable space in the Princeton area,” said Jamie Herring. “We have made significant investments in 23 Orchard Road over the past decade and have now positioned the complex to fit the needs of smaller, growing companies.” Solar panels provide 40 percent of the building’s power. Milton H. Charbonneau of Cassidy Turley is the broker.
Herring Properties, 23 Orchard Road, Suite 203, Skillman 08558; 908-874-5400; fax, 908-874-5498. James P. Herring, owner. www.herringproperties.com.
Princeton Firms Win App Awards
The winners of the New Jersey Technology Council’s Mobile Apps Forum competition are predominantly from New Jersey with only two of the certificates going to overseas companies, the first time that has happened in the competition’s brief history.
“We had applications from California, Ohio, and multiple submissions from New York and Pennsylvania, but the selection committee felt that the New Jersey submissions were of the highest standard” said Maxine Ballen, president of the Technology Council. The awards were presented Wednesday, June 25, at the Princeton University Friend Center. (See page 4.)
Viocare Technologies, based on Witherspoon Street, won the Health and Wellness Apps category and Lingraphica, based in Carnegie Center, took the Mobile Commerce sub-category with its TalkPath app that helps victims of stroke or brain injury communicate.
Internet Creations, of Water View Drive in Hamilton, won the Mobile Media category with its “front Desk” app that enhances the check-in experience.
This year’s new Education sub-category was won by Michael Reininger of Montgomery High School, who won for his Eco-Fuel Net, an iPhone application that uses social computing to show the most fuel-efficient route for your vehicle. For more information, visit www.njtc.org.
Horvath & Giacin PC, 130 Route 31 North, Suite A, Box 706, Pennington 08534-0706; 609-737-0300; fax, 609-737-7640. John A. Horvath CPA, president. www.horvathgiacin.com.
Horvath & Giacin, an accounting firm located in Pennington since 1989, is opening a second office at 31 North Sugan Road, Suite 3A, in New Hope (215-862-1300).
Camacho Mauro Mulholland, 20 Nassau Street, Suite 308, Princeton 08542; 609-452-7999; fax, 609-452-9222. Andrea Sacco Camacho, partner.
Camacho Mauro Mulholland has moved from 12 Roszel Road to 20 Nassau Street. The New York-based firm practices employment law, fraud investigation, general torts, and other areas of law.
Ficke & Associates, 186 Princeton-Hightstown Road, Building 3A, Suite 9, West Windsor 08550; 877-516-3749; fax, 888-717-7763, www.fickeinsurance.com.
Ficke & Associates, an insurance company, has left its office at 334 Wall Street and moved it to 186 Princeton-Hightstown Road. Phone and fax are new.