Herr’s Introduces Crabfries Flavored Potato Chips

Ed Herr, the Head of Chester County based Herr Foods, visited the South Philadelphia location of Chickie’s & Pete’s on Tuesday where he formally introduce potato chips flavored like Crabfries, the sports bar’s famous seasoned fries.

The concept for the taste came from the company’s Vice President of Marketing, Bob Clark, who was eating at Chickie’s & Pete’s when the idea came to him.

Pete Ciarrocchi, who trademarked the word Crabfries for seasoned, crinkle-cut fries, said that it took nine months of research and development to accurately season the Herr’s ripple chips with just the right mixture of crab seasoning and white cheese sauce.

Clark said the first run of Crabfries chips cost $1.49 in the store and come in 2.875-ounce bags. Bigger, eight-ounce bags, which will retail at $3.29, will be available soon.

Eric Teutsch Named President of DSM Biomedical

Royal DSM announced on Tuesday, that Eric Teutsch has been appointed the President of DSM Biomedical effective immediately. Teutsch will take over from Gerard de Reuver who has been interim President since November last year.

As President of the global science-based company active in health, nutrition, and materials, Teutsch will be in charge of overseeing the strategic development as well as execution of company’s global activities.

Teutsch will lead DSM Biomedical through the ongoing strengthening of its existing technology platforms as well as leading the firm into new strategic partnerships. Prior to his position at DSM, Teutsch served as Vice President and General Manager of the Orthobiologics Division at Stryker.

“I am honored to have been appointed President of DSM Biomedical,” said Teutsch. “The Company has a proven track record of developing innovative solutions for the medical device market and I am excited to drive expansion and solidify our position as the market leader.”

New Hedging Diagnostics Toolkit launched by Chatham Financial

Chatham Financial has unveiled its new proprietary Hedging Diagnostic Toolkit. The Kennett Square based full-service advisory and technology solutions provider launched the new suite of products to assist small and mid-size banks in making fully informed decisions when competing for quality long-term fixed rate lending opportunities while at the same time guarding and improving the bank’s own net interest margin.

One of the main components of the product is a Market Assessment Tool, which for the very first time offers financial institutions the ability to observe market swap rates in real time, helping them manage their interest rate risk.

“With this product, banks can finally become better poised to meet the needs and pressures from borrowers and lenders,” said Ben Lewis, a Managing Director within the Financial Institution Advisory practice at Chatham Financial. With this “they can make the transition from price takers to price makers.”

Fiserv Appoints Robert Hau as CFO

Fiserv Inc., the Brookfield based provider of financial technology solutions, has announced that it hired Robert Hau as its new Chief Financial Officer, effective March 14th. Hau will replace Tom Hirsch, who is retiring after 21 successful years at the company.

Hau, who holds an MBA from the University of Southern California’s Marshall School of Business and a Bachelor’s in Business Administration from Marquette University, brings with him close to three decades of experience in business and financial leadership. His most recent positions include CFO of Swiss Company TE Connectivity Ltd. and Executive Vice President and CFO at Lennox International Inc.

“Bob’s proven track record as a public company CFO along with his strong operational approach to finance will complement our management team very well,” said Jeffery Yabuki, President and Chief Executive Officer of Fiserv. “We are excited to welcome him to Fiserv.”