abhishreshthaa
Abhijeet S
Atmos Energy Corporation (NYSE: ATO), headquartered in Dallas, Texas,[1] is the largest distributor of natural gas in the United States, serving 3.2 million customers nationwide.[2][3] Atmos acquired TXU's natural gas and pipeline holdings in 2004. The company began as Energas in 1983, a spinoff of the natural gas distribution division of Pioneer Corporation. In 1988, the company changed its name to Atmos and began trading on the New York Stock Exchange.[4] Atmos Energy is incorporated in Virginia and Texas
Atmos Energy, the largest pure natural gas distributor in the United States, delivers natural gas to 3.2 million residential, commercial, industrial, agricultural and public-authority customers. Its regulated utility services are provided to more than 1,600 communities in 12 states.[5]
Atmos Energy has grown from 279,000 customers in 1983 mainly by acquiring utility assets. Its most recent acquisition was the distribution and pipeline operations of TXU Gas Company in October 2004. Atmos Energy is the largest natural gas utility in Texas. Atmos Energy is also the largest natural gas distributor in Louisiana and Mississippi.
Atmos Energy is known as one of the most efficient natural gas utilities in the industry. In 2006, the company served 723 utility customers per utility employee, as compared with an average of 532 customers per employee served by its peer group. The company’s utility operation and maintenance expense of $112 per customer in fiscal 2006 was also lower than its peer group average of $218 per customer.
Atmos Energy's nonutility operations are ranked as one of the leading domestic mid-tier gas marketers. The company markets natural gas supplies to industrial customers and municipalities in 22 states, arranges for gas transportation and management services and manages company-owned gas storage and pipeline assets, including one of the largest intrastate natural gas pipelines in Texas.
The company was sold to Cosa Liebermann in 189 and renamed as Puma AG Rudolf Dassler Sport. Under the new ownership, it continue to support its innovation by introducing new products and technology such as the S.P.A technology in mid-1970; Puma AG Duoflex sole in 1982; trinomic sport shoe system in 1989; the inspector shoes for kids; and the Puma AG Disk System.
Like any other successful companies, Puma AG had also faced several problems about their financial aspect. That is why the management of the company had decided to sell low-class products in the market in order to target the working class market in different part of the globe as well as to compete with the arriving American brand such as Nike and Reebok, and eventually, produce more money and profit. Unfortunately, the said strategy had failed and lead to more serious problems. This is due to the fact that most of the customers of the company come from high class society and the fact that the company is already selling cheap products leads them to switch to another brand. The said situations lead to decrease of sales of the company (Kaufmann 2005).
The arrival of Jochen Zeitz can be considered as the start of the better times for the company. During the said time, she was the youngest CEO of all the European publicly traded company. He had an MBA from the European Business Schools. He was a product manager for Colgate Palmolive in New York as well as in Hamburg. In 1990, he became the vice-president of the international marketing and sales, where in his role is to manage the international communications strategy of the company. In 1991, he became the CEO of the company, and during that time, Puma AG reported its first profit of DM 25 million since its initial public offering during 1986
Atmos Energy, the largest pure natural gas distributor in the United States, delivers natural gas to 3.2 million residential, commercial, industrial, agricultural and public-authority customers. Its regulated utility services are provided to more than 1,600 communities in 12 states.[5]
Atmos Energy has grown from 279,000 customers in 1983 mainly by acquiring utility assets. Its most recent acquisition was the distribution and pipeline operations of TXU Gas Company in October 2004. Atmos Energy is the largest natural gas utility in Texas. Atmos Energy is also the largest natural gas distributor in Louisiana and Mississippi.
Atmos Energy is known as one of the most efficient natural gas utilities in the industry. In 2006, the company served 723 utility customers per utility employee, as compared with an average of 532 customers per employee served by its peer group. The company’s utility operation and maintenance expense of $112 per customer in fiscal 2006 was also lower than its peer group average of $218 per customer.
Atmos Energy's nonutility operations are ranked as one of the leading domestic mid-tier gas marketers. The company markets natural gas supplies to industrial customers and municipalities in 22 states, arranges for gas transportation and management services and manages company-owned gas storage and pipeline assets, including one of the largest intrastate natural gas pipelines in Texas.
The company was sold to Cosa Liebermann in 189 and renamed as Puma AG Rudolf Dassler Sport. Under the new ownership, it continue to support its innovation by introducing new products and technology such as the S.P.A technology in mid-1970; Puma AG Duoflex sole in 1982; trinomic sport shoe system in 1989; the inspector shoes for kids; and the Puma AG Disk System.
Like any other successful companies, Puma AG had also faced several problems about their financial aspect. That is why the management of the company had decided to sell low-class products in the market in order to target the working class market in different part of the globe as well as to compete with the arriving American brand such as Nike and Reebok, and eventually, produce more money and profit. Unfortunately, the said strategy had failed and lead to more serious problems. This is due to the fact that most of the customers of the company come from high class society and the fact that the company is already selling cheap products leads them to switch to another brand. The said situations lead to decrease of sales of the company (Kaufmann 2005).
The arrival of Jochen Zeitz can be considered as the start of the better times for the company. During the said time, she was the youngest CEO of all the European publicly traded company. He had an MBA from the European Business Schools. He was a product manager for Colgate Palmolive in New York as well as in Hamburg. In 1990, he became the vice-president of the international marketing and sales, where in his role is to manage the international communications strategy of the company. In 1991, he became the CEO of the company, and during that time, Puma AG reported its first profit of DM 25 million since its initial public offering during 1986