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W W W. M A I N E B I Z . B I Z 11 S E P T E M B E R 7 , 2 0 1 5 buildings Colby purchased in July. "I'm extremely pleased to see Colby's continued eff orts to revitalize impor- tant areas of downtown Waterville," Mayor Nick Isgro told the news- paper. " is is excellent news for all of the citizens of Waterville as we continue to work with our partners toward Waterville's renaissance." Waterville manufacturer gets major schools contract Huhtamaki's Waterville manufac- turing plant is making a composta- ble line of plates for six major public school systems across the country as part of a contract awarded earlier this year. e Bangor Daily News reported that Huhtamaki, which has 550 employees at its Waterville plant, was awarded a plate produc- tion contract by Urban School Food Alliance, a nonprofi t that repre- sents public school districts in Los Angeles, Chicago, Miami, Orlando, New York and Dallas. e contract's term is three years, though there is an option to extend it to fi ve years. All of the plates are currently pro- duced at the company's Waterville plant, but production may expand to another plant once production ramps up. J ust as four Maine banks changed leadership in January of this year — there have been 11 new bank CEOs in the past four years — four Maine nonprofi t organizations involved in community and business development have recently or are about to change their helmsman. "With four turnovers at these funding organizations, we'll have fresh energy," said Susan Inches, who was on CEI's board and is a prin- cipal at Red Oak Group, a North Yarmouth consultancy. "Not that the former people were bad." e four heads include Ron Phillips, CEO and president of Wiscasset-based CEI, whose plan to retire in 2016 was announced in June. He spent nearly 40 years at the nonprofi t he founded. Also in June, the Maine Association of Nonprofi ts, based in Portland, said Executive Director Scott Schnapp plans to retire within the next year after serving the group for 14 years. Maine Development Foundation, based in Augusta, has already fi lled the shoes of former CEO and President Harold Clossey, who stepped down in April citing health and personal reasons, the second top leadership change in two years. Yellow Light Breen, a former execu- tive vice president and chief strategic offi cer at Bangor Savings Bank for the past 12 years, took over Aug. 10. Breen was a former board mem- ber of MDF, and is known for his volunteer and public service eff orts in education and economic develop- ment. He also served as the chair of the Maine Coalition for Excellence in Education and Realize!Maine, an initiative that seeks to reverse the brain drain in Maine. e fourth leadership turnover is at Portland-based Maine Community Foundation, which named Steven Rowe, a former Maine attorney gen- eral, as its next CEO and president. He is scheduled to start Sept. 15, until which time Meredith Jones, whose plan to step down was announced last fall, will continue to serve as CEO and president. According to MCF's website, the fund has awarded 128 grants to 103 organizations since it began grant-making. Inches says CEI has hired an executive search fi rm to help fi nd a new CEO and president. Meantime, Corenna Howard, CEI's chief oper- ating offi cer, and Elizabeth Rogers, senior vice president of marketing and communications, are helping defi ne the job, she said. e new head is expected to be announced at CEI's annual meeting next spring at Bowdoin College, Inches said. CEI also had recent internal moves, including in March elect- ing Ellen Seidman as the new chair of its Board of Directors, Betsy Biemann as vice chair of the board and Chip Newell as a new board member. Additionally, David Wedick became the new chief fi nancial offi - cer in May, and John Egan became senior vice president of loans and investment after Michael Finnegan retired in June. B I Z M O N E Y B Y L O R I V A L I G R A Changing times for four nonprofits funding development Let us help you grow your business. gorhamsavingsbank.com (207) 222-1485 Gorham Savings Bank's BusinessManager ® Program provides accounts receivable financing so you can: Member FDIC Equal Housing Lender Member FDIC Equal Housing Lender Member FDIC Equal Housing Lender Member FDIC Equal Housing Lender Member FDIC Equal Housing Lender Member FDIC Equal Housing Lender Member FDIC Equal Housing Lender The comfort of knowing we can sell our receivables weekly allows us to deal with more pressing business matters. — Terri, In Home Senior Services " " MEET PAYROLL REDUCE DEBT OPERATE WITH CONFIDENCE

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