Business briefs

Jan. 30, 2014 @ 05:45 PM

Durham chamber to honor developer
DURHAM – The Greater Durham Chamber of Commerce will honor Durham developer Robert D. Teer Jr. with the Civic Honor Award at its annual meeting Feb. 13.
Teer is president of the development firm Teer Associates. He has been an “integral part of the growth and development of the Research Triangle Park in Durham,” the chamber said in a news release.
In addition to honoring Teer, the chamber will announce the first inductees into the Bull City Hall of Fame, created to recognize people whose work has extended beyond Durham’s borders.
This year’s honorees are Mary-Dell Chilton of Syngenta Biotechnology Inc., who was named one of three 2013 World Food Prize Laureates; Duke’s Dr. Robert J. Lefkowitz, a 2012 recipient of the Nobel Prize in Chemistry; and Blake S. Wilson, the co-director of the Duke Hearing Center who received the 2013 Lasker-DeBakey Clinical Medical Research Award.
Also at the meeting, the chamber will celebrate the impact of Durham businesses in 2013, and will look at new initiatives for the coming year.
The meeting will be Feb. 13 from 11:30 a.m. to 1:30 p.m. at the Sheraton Imperial Hotel & Convention Center in Durham.
Tickets are $55 for chamber members and $70 for non-members. To register, go to the website www.durhamchamber.org.

Herald-Sun, affiliated papers, purchase new press
Paxton Media Group, owner of The Herald-Sun, is making a substantial investment in new printing and packaging equipment to produce its papers in Durham, High Point, Monroe, Sanford and Henderson.
By mid-summer, the papers will be printed on a new press that will be housed in a facility the company has just purchased. The Herald-Sun, where the papers are now printed, put its building at 2828 Pickett Road in Durham up for sale last year.
“This represents our confidence in the future of print media, even in an era when so much news and information is being conveyed online and through social media,” Publisher Rick Bean said in announcing the new facility. “We believe many people will continue to rely on and expect a printed newspaper for a long time to come.”
The new location was not disclosed Thursday because, Bean said, not all employees of the papers had been told the news yet.

Seventh Generation CEO named to Cree board
DURHAM – John B. Replogle, the president and CEO of the Vermont-based green cleaning products company Seventh Generation, has joined Durham-based Cree Inc.’s board of directors.
Cree is a maker of energy-efficient LED components, light bulbs and lighting systems. For his position on the board, company granted Replogle an option to buy 4,000 shares of company stock for $62.75 per share, and issued him 4,000 restricted stock units.
The company also will also pay him, starting with the company’s fourth fiscal quarter, $8,750 quarterly for service as a member of the board, and $1,250 for serving on the governance and nominations committee.
He will be paid a portion of the retainer for the company’s third quarter, pro-rated for the number of days remaining.
Replogle started with Seventh Generation in March 2011. Before joining Seventh Generation, he was president and CEO of Burt's Bees, Inc. from 2006 to 2011.