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4 n e w h a v e n B I Z | O c t o b e r 2 0 2 1 | n e w h a v e n b i z . c o m Yale New Haven Health CEO Marna Borgstrom to retire in March Longtime CEO of the Yale New Haven Health system Marna Borgstrom plans to retire as of March 25. e health system's board chose her successor, Chris O'Connor, who is currently president of Yale New Haven Health. Borgstrom has been working for the health system in various leadership roles for some 43 years. O'Connor was born at Yale New Haven Hospital. Prior to joining Yale New Haven Health in 2012, O'Connor served as president and CEO of the Hospital of St. Raphael before its merger with Yale New Haven Hospital. e health system includes Yale New Haven Hospital, Bridgeport Hospital, Lawrence+Memorial Hospital in New London, Greenwich Hospital and Westerly Hospital in Rhode Island. 'Refresh' campaign pays off for Subway Milford-based Subway Restaurants saw sales increases at its stores aer menu changes and a new ad campaign, the company reported. Overall sales in August at Subway's approximately 21,000 U.S. restaurants were up more than 4%, compared to the same period in 2019, according to Subway. e top-performing quartile, repre- senting over 5,000 restaurants, experi- enced a 33% increase in sales and the top three combined quartiles, about 16,000 restaurants, averaged an increase of nearly 14%. e week aer the launch of the "Eat Fresh Refresh" ad campaign, Subway had its highest average unit volume per week in over eight years. e company said it projected to beat its sales plan for the year by more than $1 billion. e "Eat Fresh Refresh" revamp included digital upgrades, store im- provements and tweaks to nearly every menu item. Of 66,000 guests surveyed, 83% said they approved of the menu changes. A r o u n d t h e R e g i o n SCSU breaks ground on new School of Business e site of the future School of Business building at New Haven-based Southern Connecticut State University is now just a hole in the ground filled with construction workers, but it will shortly be where future business lead- ers are trained. In September, SCSU leaders joined hundreds of guests for a formal groundbreaking ceremony for the new building, which is being constructed near the intersection of Farnham and Wintergreen avenues. e new four-story, 60,000-square- foot facility is expected to be finished by early 2023. At a price of $52.4 million, it will more than double the space for the university's business students. Sikorsky celebrates completion of newest heavy-lift helicopter Sikorsky's first brand-new CH-53K King Stallion heavy-li helicopter is fresh off the production lines in Strat- ford. e massive CH-53K, topped by six, 600-pound blades plus a tail rotor, made its official debut in U.S. Marine Corps insignia Sept. 24, in a hangar at Sikorsky, an event attended by dozens of VIP guests. e new aircra can li 36,000 pounds, fly as high as 16,000 feet and transport up to 32 troops or 24 medevac patients at a time. e ceremony marked the com- pletion of the Marines' first CH-53K, part of an order of six aircra set to be delivered in the next several years. Each King Stallion costs $90 million to $100 million apiece and Sikorsky, a division of Lockheed Martin, expects to build 200 of them. BioXcel reports promising results for prostate cancer drug New Haven-based BioXcel era- peutics Inc. recently reported promis- ing results for BXCL701, its drug for prostate cancer. In ongoing Phase 1b/2 clinical trials, all of the patients in the study showed a decline in tumor size and other signs of effective treatment. e patients had been diagnosed with adenocarcino- ma, an aggressive prostate cancer for which there are few available treatment options. BioXcel's drug was administered along with pembrolizumab, an immu- notherapy drug. According to the company, BXCL701 may make tumors more detectable by a patient's immune system, allowing it to mobilize a strong anti-cancer response. A study of the drug's effectiveness against small-cell neuroendocrine car- cinoma continues to enroll patients. e publicly traded company uses artificial intelligence to develop therapeutics in the neuroscience and immuno-oncology fields. Knights of Columbus debuts program for individuals seeking faith-based investment advice Individual investors seeking a wealth-management platform that aligns with Catholic values are the target customers for a new offering from New Haven-based Knights of Columbus. Knights of Columbus Asset Advisors (KoCAA), which manages more than $29 billion, has launched a new invest- ment advisor representative program that gives individuals access to its faith- based strategy through trained advisors. e program is open to both Knights of Columbus members and nonmem- bers, Catholics and non-Catholics, with more than $10,000 to invest. Clients get access to KoCAA's fund lineup of nine mutual funds and 85 model portfolios. Individuals can seek advice from 100 trained KoCAA advisors across 33 states, who were overseeing approximately $28 million in assets as of Sept. 15. Avangrid, Copenhagen joint wind venture reaches financial close Avangrid, the Orange-based parent of the United Illuminating Co., has lined up full financing for its first planned offshore wind farm, Vineyard Wind 1, the energy company announced. Avangrid officials said the project has closed on an aggregate of approximately $2.3 billion of construction and term loan financing with nine global lending banks. e company now expects to begin construction work on Vineyard Wind 1 this fall. Avangrid is joining forces with Copenhagen Infrastructure Partners, a Danish fund management and invest- ment company, to launch the wind farm, which will consist of 62 wind turbines situated about 15 miles south of Martha's Vineyard and Nantucket. e project is expected to generate 800 megawatts of electricity annually for Massachusetts, enough to power over 400,000 homes. North Haven's Green Check Verified partners with Austin fintech company North Haven-based Green Check Verified is partnering with Austin-based Abrigo — which makes fraud detection soware for the banking industry — on serving financial institutions interested in entering the cannabis space. Green Check Veri- fied audits marijuana businesses and veri- fies whether they're operating within legal bounds in an effort to help more traditional fi- nancial institutions feel comfortable serving cannabis custom- ers. In its deal with Abrigo, the Texas soware company will send its clients interested in serving the cannabis indus- try to Green Check, which will vet the marijuana companies for compliance, Green Check CEO Kevin Hart said. e move can help grow Green Check's client base, which currently stands at about 60, and growing, Hart said. Green Check is currently working with clients in 32 states. Study: Women reporting higher rates of workplace burnout than men Burnout rates in the U.S. workforce remain high, according to a new study from property and casualty insurer e Hartford, and women are increasingly reporting higher rates of job-related exhaustion than men. e Hartford's survey, which polled roughly 2,000 U.S. adults in late July, found that 61% of respondents reported feeling burned out at work — exactly the same level as in February, when e Hartford conducted a similar analysis. One big change since winter, however, was the apparent divergence between the workplace experiences of men and women. According to the survey, 66% of female workers reported experiencing burnout, B R I E F S Yale New Haven Health CEO Marna Borgstrom PHOTO | LIESE KLEIN Sikorsky's new CH-53K helicopter. PHOTO | CONTRIBUTED Subway's "Eat Fresh Refresh" campaign involved updates of nearly every menu item. PHOTO | MICHELLE TUCCITTO SULLO Construction workers on the site of the new SCSU School of Business building. Green Check CEO Kevin Hart FILE PHOTO The Knights of Columbus' world headquarters is located at 1 Columbus Plaza in downtown New Haven.

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