MIAMI, May 19, 2015 /PRNewswire-HISPANIC PR WIRE/ — IPADE Business School (Mexico) and IAE Business School (Argentina), will host the third edition of the International Seminar Female Talent Plus Top Management. The seminar which will bring together over 50 attendants of management profile and global companies from different sectors from May 25th to May 27th  to discuss and learn, through a holistic view, about the contribution that women make in the company, the family and society as well as the role that they play.

This edition is entitled “Leaders who manage change” and refers to those challenges and strategies to promote and maintain the female talent in the organizations, as well as actions that male and female executives have generated to create multigenerational environments.

Maricarmen Bernal, director of the Center for Research on Women in Senior Management (CIMAD) of IPADE Business School, explained that “we want to share stories about women who have achieved success in the corporate world thanks to the support of a couple, family, mentoring, and companies which are convinced of their talent,” she said. “Also, the creation of corporate policies, practices and programs that are benefiting not only women but also men and society itself,” she added.

This Seminar will be an interactive meeting focused in issues of female talent and change management for globalized leaders, which will include conferences, panels, testimonials, case studies and mentoring walk.

This initiative arises from a variety of global indicators of the presence of women in government and senior management positions, which reveal an incipient growth. “China has the largest share of women in senior management (51%); in contrast Latin America ranges between 15% and 35%, which shows the need for the implementation of best practices in the workplace, as well as the design of strategies and leadership skills that promote gender complementarity,” said Bernal.

It will also bring together international companies such as Walmart, Manpower, Avon, AMN Advanced Medical Nutrition, Catalyst, among others, and prestigious directives like Monica Flores Barragan (Manpower Group Latin America), Guadalupe Caso Robles (Santander) and Marivi Esteve (Mexican Association of Independent Investment Advisors, AMAII).

For press inquiries write to [email protected], 1-954-825-8272

ATLANTA, May 19, 2015 /PRNewswire-HISPANIC PR WIRE/ — The Home Depot®, the world’s largest home improvement retailer, today reported sales of $20.9 billion for the first quarter of fiscal 2015, a 6.1 percent increase from the first quarter of fiscal 2014. Comparable store sales for the first quarter of fiscal 2015 were positive 6.1 percent, and comp sales for U.S. stores were positive 7.1 percent.

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Net earnings for the first quarter of fiscal 2015 were $1.6 billion, or $1.21 per diluted share, compared with net earnings of $1.4 billion, or $1.00 per diluted share, in the same period of fiscal 2014. For the first quarter of fiscal 2015, diluted earnings per share increased 21.0 percent from the same period in the prior year.

First quarter of fiscal 2015 results reflect a benefit to earnings of $71 million, or $0.05 per diluted share, primarily attributable to the settlement of a tax audit.

“We had a stronger than expected start to the year as we experienced a more normal spring across much of the country and continued recovery of the U.S. housing market,” said Craig Menear, chairman, CEO and president. “I would like to thank our associates for their hard work and dedication.”

Updated Fiscal 2015 Guidance

The Company has provided a range of sales, comp sales and diluted earnings-per-share growth to reflect the difference between 2014 average exchange rates and current exchange rates. The low-end of the Company’s sales, comp sales and diluted earnings-per-share growth guidance reflects the U.S. dollar remaining at current foreign exchange rates.

Based on its year-to-date performance, the Company raised its fiscal 2015 sales guidance and now expects sales will be up approximately 4.2 percent to 4.8 percent and comp sales will be up approximately 4.0 percent to 4.6 percent. The Company also raised its diluted earnings-per-share guidance for the year and now expects diluted earnings per share to grow approximately 11 to 12 percent from fiscal 2014 to $5.24 to $5.27.

This earnings-per-share guidance includes the benefit of a favorable settlement of a tax audit, the Company’s year-to-date share repurchases and the Company’s intent to repurchase $3.4 billion in additional shares over the remainder of the fiscal year.

The Company’s fiscal 2015 diluted earnings-per-share guidance does not include an accrual for contingent losses related to the data breach discovered in September 2014. Other than $7 million of net breach-related costs contained in the Company’s first quarter fiscal 2015 earnings, at this time the Company is not able to estimate the costs, or a range of costs, related to the breach. Costs related to the breach may include liabilities to payment card networks for reimbursements of credit card fraud and card reissuance costs; liabilities related to the Company’s private label credit card fraud and card reissuance; liabilities from current and future civil litigation, governmental investigations and enforcement proceedings; future expenses for legal, investigative and consulting fees; and additional expenses and capital investments for remediation activities. Those costs may have a material adverse effect on the Company’s financial results in fiscal 2015 and/or future periods.

Change in Accounting Policy

During the first quarter of fiscal 2015, the Company voluntarily changed its accounting policy for certain shipping and handling costs from the Company’s stores, locations or distribution centers to customers and for online fulfillment center costs. Under the new accounting policy, these costs are included in cost of sales, whereas they were previously included in operating expenses. Including these expenses in cost of sales will better align these costs with the related revenue in the gross profit calculation.

The Consolidated Statements of Earnings for the first quarter of fiscal 2014 have been reclassified to reflect this change in accounting policy. The impact of this reclassification was an increase of $128 million to cost of sales and a corresponding decrease of $128 million to operating expenses for the first quarter of fiscal 2014. There is no impact from this reclassification on net sales, operating income, net earnings or earnings per share.

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at earnings.homedepot.com.

At the end of the first quarter, the Company operated a total of 2,270 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs more than 300,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; net sales growth; comparable store sales; effects of competition; state of the economy; state of the residential construction, housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; demand for credit offerings; inventory and in-stock positions; implementation of store, interconnected retail and supply chain initiatives; management of relationships with our suppliers and vendors; the impact and expected outcome of investigations, inquiries, claims and litigation, including those related to the data breach; issues related to the payment methods we accept and the timing of upgrades and enhancements impacting point of sale devices; continuation of share repurchase programs; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity price inflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the effect of accounting charges; the effect of adopting certain accounting standards; store openings and closures; guidance for fiscal 2015 and beyond; and financial outlook. 

Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended February 1, 2015 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

RICHMOND, Va., May 18, 2015 /PRNewswire-HISPANIC PR WIRE/ — Markel Corporation (NYSE: MKL) announced today that Cathryn Curia, Managing Director, North American Property Reinsurance, is retiring effective August 1, 2015.

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“Cathryn’s underwriting and leadership contributions have been invaluable to the growth and profitability of Markel Global Reinsurance,” said Jed Rhoads, President and Chief Underwriting Officer of Markel Global Reinsurance. “She has had a truly remarkable career in the industry, and we are indebted to her for her many years of service.”

Curia has been in the reinsurance industry for the past 46 years. She joined Markel as part of the Alterra acquisition in May 2013. Curia served in a similar capacity for Alterra, having joined the company in 2005. Prior to joining Alterra, she served as Executive Vice President – North American Property Treaty for Platinum Underwriters Re. She was employed by St. Paul Re, Inc. from 1983 to 2002 in various positions including Executive Vice President, North American Property Treaty. She began her career as a trainee at Atlantic Mutual Companies, where she ultimately served as Secretary, Reinsurance. Curia earned a CPCU designation and is a member and past president of the Association of Professional Insurance Women.

“Cathryn is well known and deeply respected by her colleagues and our reinsurance brokers and clients. She will be sorely missed, and we wish her all the best in the years to come,” said Rhoads.

About Markel Corporation
Markel Corporation is a diverse financial holding company serving a variety of niche markets. The Company’s principal business markets and underwrites specialty insurance products. In each of the Company’s businesses, it seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting and operating profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at markelcorp.com.