Printer Friendly
The Free Library
19,573,962 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

AHPC Holdings Announces Two Additions to the Board Of Directors.


Business Editors/Health/Medical Writers

ITASCA I·tas·ca  

A lake of northwest Minnesota. It was identified in 1832 as the source of the Mississippi River.
, Ill.--(BUSINESS WIRE)--June 1, 2004

AHPC AHPC American Home Products Corporation  Holdings, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:GLOV), formerly known as WRP WRP Wetland Reserve Program
WRP Workforce Recruitment Program
WRP Workers Revolutionary Party
WRP Windows Resource Protection (Microsoft Windows Vista)
WRP Wetlands Restoration Program
WRP Work Restriction Protection
 Corporation, today announced that it has made two additions to its Board of Directors - Alan Zeffer, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of AHPC Holdings and Anthony Alibrio, the President Emeritus of the Sodexho, Marriott Health Care Division.

Mr. Zeffer and Mr. Alibrio will fill the two vacancies on the board, ensuing from the recently completed Stock Redemption and Exchange Agreement with WRP Asia Pacific, Sdn Bhd, whereby AHPC redeemed the majority stock position previously held by WRP. AHPC also announced the establishment of a staggered Board of Directors Staggered board of directors

Occurs when a portion of directors are elected periodically, instead of all at once. Board terms are often staggered in order to thwart unfriendly takeover attempts, since potential acquirers would have to wait longer before they could take control of a
 consisting of three classes of directors, whereby two of its current six directors will stand for election at each of the next three annual shareholder meetings. The directors will hold office for three-year terms and may not be removed without cause. The number of directors is set by the board and any vacancy is filled by the remaining board members. The secretary may only call a special meeting upon written request of the stockholders entitled to cast a majority of all votes entitled to be cast at the meeting.

According to AHPC President and CEO, Alan Zeffer, "We are thrilled to announce the addition of Mr. Alibrio to our Board. He has a distinguished career as a leading healthcare and foodservice executive and will provide us welcomed guidance and industry contacts as we move to expand these key segments of our business operations. With the recent closing of our stock repurchase Stock repurchase

A firm's repurchase of outstanding shares of its common stock.
 from WRP Asia Pacific, the Company, for the first time in its recent history, will be able to execute on its business plan without involvement from overseas management. The adoption of the staggered Board and related provisions provides us with a tool to increase continuity of management in this important process. We look for great things to come as the Company moves forward with its independent ownership."

Mr. Alibrio has over 37 years of experience in both the healthcare and foodservice industries, which comprise the two principal areas of focus for AHPC. Sodexho Marriott, where Mr. Alibrio currently serves as President Emeritus of the Health Care Division, is the leading food and facilities management firm in North America, managing nearly $3.2 billion of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax.  to over 1,000 hospitals and long-term care facilities long-term care facility
n.
See skilled nursing facility.
.

Mr. Zeffer became President and Chief Executive Officer of the Company, effective the closing of the Stock Redemption and Exchange Agreement. He served as Chief Financial Officer of the Company from 2001 to that time. Mr. Zeffer previously served as Managing Partner of Quest Capital Corporation, a financial advisory firm and as Treasurer of Sybron International Corporation.

This Press Release contains forward-looking statements, which involve numerous risks and uncertainties, including, but not limited to, the Company's ability to maintain current sales levels at current margins and ability to maintain in place the Company's current line of credit or replace it with an alternate substitute. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 1, 2004
Words:532
Previous Article:Envision Named Winner in The Sixth Annual Users Choice Awards; Envision Performance Management Solution Captures Highest Marks From User Judges.
Next Article:Polo Ralph Lauren Promotes Jeffrey Morgan to Division President, Product Licensing.



Related Articles
MBf USA, Inc. glove subsidiary signs agreement with top dental dealers through American Dental Cooperative.
MBf USA to receive $6.75 million capital infusion and enters into agreements with Wembley.
WRP Corporation Announces Medical Products Transition Services Agreement With Maxxim Medical, Inc.
The Army Museum of Western Australia twenty-five years on.
WRP Corporation Announces Reverse Stock Split of Its Common Stock.
WRP Corporation Announces Completion of Stock Redemption and Exchange; Board of Directors Announce Management Changes.
WRP Corporation Announces Name Change To AHPC Holdings, Inc. and New Stock Symbol, ''GLOV''.
AHPC Holdings, Inc., Announces New Revolving Credit Facility.
Identify If Your Company is above or below Average for Your Segment of the Dental Industry.
David Olivier and Per Wold-Olsen Join PharmaNet Development Group, Inc. Board of Directors.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles