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Kripalu expands board by five
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Kripalu Welcomes New CEO As It Prepares To Reopen
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STOCKBRIDGE â One of South County s largest employers is finally making plans to reopen after shutting its campus down completely 11 months ago.
Kripalu Center for Yoga & Health is planning to reopen its retreat center near Stockbridge Bowl to on-site guests on Aug. 19, with safety protocols in place, and will start to bring employees back next month, according to CEO Robert Mulhall. Kripalu initially closed its campus in March 2020 on a temporary basis when the pandemic struck, and then completely shuttered in June, laying off 90 percent of its then 489 employees.
The largest yoga retreat in North America will begin taking guest reservations on June 1 at limited capacity in accordance with the COVID-19 safety guidelines that are in place in Massachusetts at the time. Only registered day and night guests will be allowed on campus at first; walk-in guests will not initially be be accommodated. Gov. Charlie Baker recently announced that the state will lift all of its coronaviru
Sonal Shah Tapped to Lead the Asian American Foundation
TAAF
Sonal Shah was President Obama’s first director of the White House’s Office of Social Innovation and Civic Participation.
The Asian American Foundation
Sonal Shah, a professor and founding executive director of the Beeck Center for Social Impact and Innovation at Georgetown University, has been named president of this new foundation. Shah was President Obama’s first director of the White House’s Office of Social Innovation and Civic Participation.
The foundation was created with an initial $125 million in donations from its board of directors, and it intends to raise additional money to make grants to Asian American and Pacific Islander organizations and causes over the next five years.
AIB Group in the UK, which has 15 branches here, has reported an adjusted pre-tax loss of £62m for 2020 as it grappled with the economic impact of Covid-19.
There had been operating profit of £116m - which was down 38% due to the income impact of lower interest results as a result of the Covid-19 pandemic.
But the profits were wiped out as the bank increased its impairment charge - the amount set aside to cover bad debts - to £178m from £18m in 2019.
The £62m loss compares to £172m in profits in 2019.
In accounts lodged at Companies House, AIB Group (UK) plc said the increase in the impairment charge was “down to the deterioration in the economic outlook, credit downgrades, especially in sectors most affected by Covid-19”.
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