AIM Distributors Announces Promotions.Business Editors HOUSTON--(BUSINESS WIRE)--March 11, 2002 A I M Distributors, Inc. (AIM), a subsidiary of A I M Management Group Inc., has announced that Gene Needles has been promoted to the position of executive vice president, managing director of sales and Jim Stueve has been promoted to senior vice president, director of retail sales. Mr. Needles has been with AIM since 1993 and had served most recently as senior vice president, national sales manager sales manager n → gerente m/f de ventas sales manager n → directeur commercial sales manager sale n → of AIM's Financial Dealer Division (FDD (1) Abbreviation for floppy disk drive. See floppy disk. (2) (Frequency Division Duplexing) A transmission method that separates the transmitting and receiving channels with a guard band (some amount of spectrum that acts as a buffer or insulator). ). In his new role, Mr. Needles will the oversee the company's retail, offshore, Alliance, and key account sales efforts and will report directly to Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. J. Cemo, 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 AIM Distributors. Mr. Stueve has been with AIM since 1995 and had served most recently as senior vice president, national sales manager of AIM's Independent Financial Advisor Division (IFAD IFAD International Fund for Agricultural Development IFAD Ifa Delays ). In his new position, Stueve will report to Mr. Needles and will oversee both of AIM's retail sales channels, the FDD and the IFAD. "Gene Needles and Jim Stueve have both demonstrated a proven record of excellence in sales force management," Mr. Cemo said. "Gene will provide leadership to AIM's major sales organizations in his new role, while Jim will produce better coordination of AIM's retail wholesale divisions." About AIM Houston-based AIM is one of the nation's leading investment management companies. It is dedicated to providing its clients with high-quality products and service through multiple investment management styles and a broad product range of retail equity, fixed-income, and money market funds, institutional portfolios, and separately managed accounts for high-income individuals. Founded in 1976, AIM had approximately $158 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and more than 9 million shareholders as of Dec. 31, 2001. For more information, visit www.aimfunds.com. About AMVESCAP AIM is an indirect subsidiary of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ), a leading independent global investment manager dedicated to helping people worldwide build their financial security through a comprehensive array of retail and institutional products for clients in more than 100 countries. AMVESCAP had $398 billion in assets under management as of Dec. 31, 2001. Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: For more complete information about any AIM Fund, including sales charges Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select and expenses, please obtain the appropriate prospectus(es) from your financial consultant or by calling 800/347-4246. Please read the prospectus carefully before you invest or send money. A I M Distributors, Inc., Distributor. |
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