AMTROL President Beretta to retire.WEST WARWICK, R.I.--(BUSINESS WIRE)--Dec. 1, 1995--AMTROL Inc. announced today that David Beretta be·ret·ta or ber·ret·ta n. Variants of biretta. , the company's vice chairman and president has indicated his intent to retire as president effective May 31, 1996. He will remain on the company's Board of Directors and its Executive Committee. A special committee of the Board has been formed to identify Beretta's successor. Beretta, 67, has been AMTROL's president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. since 1991 and has served as vice chairman of the company since 1988. He has been an AMTROL director since 1986. "We regret Mr. Beretta's decision to retire," stated Chester H. Kirk, the company's chairman and chief executive officer, "but we're grateful for his leadership over recent years. His guidance and broad experience enabled AMTROL to make a successful transition from a private to a publicly held company. His initiatives in management restructuring, reengineering of manufacturing and continuous improvement programs position us for future gains in shareholder value," Kirk said. A company spokesman said that the search process was well underway and several candidates for the president's position have already been interviewed. AMTROL is a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. producer and marketer of flow and expansion control technology used in water systems and heating, ventilating ventilating Natural or mechanically induced movement of fresh air into or through an enclosed space. The hazards of poor ventilation were not clearly understood until the early 20th century. Expired air may be laden with odors, heat, gases, or dust. and air conditioning products with a growing international presence. The company's common stock trades on the 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 market under the symbol AMTL AMTL Army Materials Technology Laboratory AMTL American Medical Testing Laboratories AMTL Advanced Manufacturing Technology Laboratory AMTL active management of the third stage of labor . CONTACT: AMTROL Inc. Edward J. Cooney, 401/884-6300 or Bibelnieks Associates Inc. Yanis Bibelnieks, 212/949-2295 |
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