Business Briefly

Lexington Medical rounds out top staff

The new management team at Lexington Medical Center was completed Wednesday with the selection of three top aides to president Tod Augsburger.

All have at least 20 years of health-care management experience, mostly at the hospital:

▪  Melinda Kruzner, executive vice president oversees operations, will oversee physician’s network, finance and information services.

▪  Roger Sipe senior vice president of operations, will oversee community medical centers, revenue, managed care, information technology and patient satisfaction.

▪  Barbara Willm vice president of development and community relations, will oversee the hospital foundation and work with local organizations and businesses.

Also . . .

▪  Sonoco Products Co. on Wednesday reported third-quarter earnings of $43.9 million, down 34 percent from a year earlier. The Hartsville packaging giant said it had net income of 43 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 65 cents per share. The results did not meet Wall Street expectations of 67 cents per share. Sonoco posted revenue of $1.24 billion in the period, which also fell short of forecasts of $1.29 billion.

▪  Faster production of commercial jets continues to drive profits at the Boeing Co., which saw earnings jump 25 percent in the third quarter. The Chicago-based company with a North Charleston plant on Wednesday posted a $1.7 billion net profit, up from $1.36 billion during the same period last year. Boeing said it earned $2.47 per share, topping Wall Street expectations.

▪  Ferrari roared onto the New York Stock Exchange Wednesday and its shares, trading under the ticker symbol RACE, closed higher in their public debut. Shares of Ferrari climbed almost 17 percent in early trading and settled for the day at $55, up 6 percent.

Staff reporters Tim Flach, Andrew Shain and the Associated Press contributed

This story was originally published October 21, 2015 at 6:42 PM.