Monthly Archives: December 2008

John G Stumpf

Board: Executive Board
Job Title: President and Chief Executive Officer
Since: 2006
Age: 54

Mr. Stumpf has been the Chief Executive Officer since June 2007. He was elected to Wells Fargo’s Board of Directors in 2006, and has been President since 2005.. A 26-year veteran of the company, he joined the former Norwest Corporation in 1982 as Senior Vice President and Chief Credit Officer for Norwest Bank, Minneapolis. He held a number of management positions at Norwest Bank Minneapolis and Norwest Bank Minnesota before assuming responsibility for Norwest Bank Arizona in 1989.

WellPoint – Major Products and Services

Wellpoint is a commercial health benefits company in the US. Its products and services include:

  • Blue Cross/Blue Shield plans
  • Blue card
  • Claims management system
  • Health care plans
  • Health maintenance organizations plan (HMO)
  • Medicare supplement plans
  • Medicaid plans and other State-sponsored programs
  • Pharmacy management’s Review Point tool
  • Preferred provider organizations plan (PPO)
  • Pharmacy benefits management
  • Dental insurance
  • Life insurance
  • Senior plans
  • Long term care insurance
  • Disability insurance
  • Behavioral health
  • Worker’s compensation insurance products
  • Worker’s compensation managed care services
  • Health Savings Account plans (HSA)
  • Health Reimbursement Account plans (HRA)

Watsco – Locations and Subsidiaries

Head Office

Watsco, Inc

Watsco, Inc

2665 South Bayshore Drive

Suite 901

Coconut Grove

Florida 33133

USA

P:1 305 714 4100

F:1 305 858 4492

http://www.watsco.com

Other Locations and Subsidiaries

ACR Group 3200 Wilcrest Dr. Suite 440 Houston Texas 77042 USA

Air Systems Distributors LLC

2151 W Hillsboro Blvd

#400

Deerfield Beach

Florida 33442

USA

Atlantic Service and Supply LLC

6525 Baker Boulevard

Ft. Worth

Texas 76118

USA

Baker Distributing Company

14610 Breakers Drive

Jacksonville

Florida 32258

USA

Coastline Distribution 14610 Breakers Dr. Jacksonville Florida 32258 USA

Comfort Products Distributing LLC

13202 I St.

Omaha

Nebraska 68137

USA

East Coast Metal Distributors

1313 South Briggs Avenue

Durham

North carolina 27703

USA

Gemaire Texas

407 Garden Oaks

Houston

Texas 77018 5501

USA

Gemaire Distributors LLC

Heating and Cooling Supply LLC

2151 W Hillsboro Blvd

1669 Brandywine Ave. Suite A

#400

Chula Vista

Deerfield Beach

California 91911

Florida 33442

USA

USA

Homans Associates LLC/Heat Incorporated

NSI Supply

LLC

4050 W. Mesa Vista

250 Ballardvale Street

Las Vegas

P.O. Box 694

Nevada 89118

Wilmington

USA

Massachusetts 01887

USA


Watsco – History

Watsco was incorporated in 1956.

The company began a strategy of establishing a distribution network selling air conditioning and heating equipment and related parts and supplies across the Sunbelt in 1989.

Later during 1998, Watsco acquired Nevada Supply and completed the acquisition of five other wholesale distributors of air conditioning and heating equipment or related parts and supplies. In the same year, the company acquired Superior Supply Company and KingAire Corporation. Also, Watsco sold its manufacturing business, Watsco Components, to International Comfort Products Corporation. The company acquired Kaufman Supply in the same year.

In 1999, Watsco acquired two distributors of heating and air conditioning products that served the New England market. Also, it acquired Heat, a wholesale distributor of heating and air conditioning products located in New England. In the same year, the company acquired Atlantic Air, a distributor of air conditioning equipment based in Fort Worth, Texas.

The company announced new alliances with four providers of Internet business-to-business (B2B) eCommerce solutions in 2000. These were Ariba, Commerce One, Intelisys Electronic Commerce, and Cephren. In the same year, the company acquired SW Anderson Sales, a distributor of heating, air conditioning, and insulation products.

Watsco signed a multi-year license agreement with Whirlpool to be the exclusive national distributor for a new line of Whirlpool’s central air conditioning and heating equipment in 2002. The company completed a $225 million revolving credit facility to replace its existing bank loan agreement in the same year.

Watsco acquired operations from Pameco with 43 locations in Texas, Louisiana, Arkansas and Mississippi in 2003.The company sold an array of heating, air conditioning, refrigeration, and related parts and supplies.

The acquisition of East Coast Metal Distributors, a distributor of air conditioning and heating products, was completed in January 2005.

In August 2007, Watsco acquired ACR Group, through a cash tender offer and a subsequent short-form merger of Coconut Grove Holdings, a wholly-owned subsidiary of Watsco, with and into ACR. Watsco acquired ACR’s outstanding common stock in a cash tender offer of $6.75 per share. ACR is one of the nation’s largest distributors of air conditioning and heating products. It is based in Houston, Texas.

James F Lafond

Board: Non Executive Board
Job Title: Director
Since: 2003
Age: 64

Mr. Lafond has been a Director of WGL Holdings since2003. He retired in 2002 as the Area Managing partner in the greater Washington, DC area for Pricewaterhouse Coopers, a position he held since 1998. He is a Certified Public Accountant with extensive experience serving in leadership positions with Pricewaterhouse Coopers and with its predecessor, Coopers & Lybrand. He has been active in several civic and non-profit organizations. Among other recognitions, he has received the Lifetime Achievement Award from the Leukemia and Lymphoma Society. He is currently a Director of VSE Corporation as well as several not-for-profit entities. He has been a Director of Washington Gas Light since 2003.