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SXC Health Solutions chairman awarded 2012 Ernst & Young Entrepreneur Of The Year for Midwest

BY Allison Cerra

LISLE, Ill. — The chairman of SXC Health Solutions has been honored with an award that recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.

Mark Thierer was the recipient of the 2012 Ernst & Young Entrepreneur Of The Year award in the healthcare category in the Midwest. Thierer, who was selected by an independent panel of judges, was presented the award at a special gala on June 21 at the Hilton Chicago Hotel.

"An entrepreneurial spirit is the key driver behind SXC’s success in growing from an $80 million to a $5 billion company in just five years, and I am tremendously honored and humbled to receive such a prestigious award from Ernst & Young," Thierer said. "SXC has become a magnet for talent, and this award would not have been possible without the dedication, creativity, and passion that every employee brings to their work here every day. I am proud to lead such an outstanding team, as well as to be a part of the very elite group of entrepreneurs who have received this distinction."

As a Midwest award winner, Thierer now is eligible for consideration for the National Entrepreneur Of The Year 2012 award. Award winners in several national categories, as well as the National Entrepreneur Of The Year overall award winner, will be announced at the annual awards gala in Palm Springs, Calif., on Nov. 17.


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Wal-Mart announces departure of @WalmartLabs co-heads

BY Katherine Field Boccaccio

BENTONVILLE, Ark. — Wal-Mart Stores said in an emailed statement that the co-heads of its technology unit, @WalmartLabs, are leaving the company.

Venky Harinarayan and Anand Rajaraman, who ran the 200-person unit in San Bruno, Calif., are taking some time off from the industry, according to the statement. The pair took the helm of @WalmartLabs when the retailer bought their company Kosmix last year.

Wal-Mart said the rest of the technology team will remain intact.

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Ingles Markets declares cash dividends

BY Allison Cerra

ASHEVILLE, N.C. — The board of directors at Ingles Markets have declared cash dividends on all of its class A common stock and class B common stock.

A cash dividend of 16.5 cents was declared for the chain’s class A common stock, while 15 cents per share was declared for its class B common stock. This is an annual rate of 66 cents and 60 cents per share, respectively.

Dividends on both the class A and class B common stock are payable July 19 to all shareholders of record on July 5.

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