Printer Friendly

ANGELES CORP. ANNOUNCES MANAGEMENT CHANGES

 LOS ANGELES, March 22 /PRNewswire/ -- Angeles Corp. (AMEX: ANG) announced today that William E. Tuthill, a director of the company and the president and chief executive officer of Angeles Housing Concepts Inc., a subsidiary of Angeles, has been named president and chief executive officer of the company. Marshall S. Geller, a director of Angeles who is unaffiliated with the company, was elected chairman of the board. It is expected that Geller will assist Tuthill as necessary in the restructuring of the company and its major obligations. Former chairman William H. Elliott remains a director of the company.
 As a result of the board's determination to revise the executive management positions of Angeles as described above, Carroll D. Vinson has resigned as a director and president and chief executive officer of Angeles. Vinson was initially retained by the company in such capacities on Feb. 15, 1993, to assist in the restructuring of major obligations.
 Angeles also announced that it has retained Canyon Partners to serve as its adviser in connection with restructuring its obligations and raising additional capital.
 -0- 3/22/93
 /CONTACT: Steve Leach of Angeles Corp., 800-421-4374, ext. 598, or 310-284-3598/
 (ANG)


CO: Angeles Corp. ST: California IN: FIN SU: PER

EH-KJ -- LA026 -- 8300 03/22/93 14:42 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 22, 1993
Words:211
Previous Article:MOREHOUSE ANNOUNCES PROPOSED ACQUISITION
Next Article:HARMONY BROOK ANNOUNCES FILING OF INITIAL PUBLIC STOCK OFFERING


Related Articles
ANGELES SUBSIDIARY NAMES REINMUTH TO HEAD NEW KANSAS CITY OPERATIONS OFFICE; ACQUIRES TWO MIDWEST RETIREMENT PROPERTIES
ANGELES CORP. ANNOUNCES SEMIANNUAL DISTRIBUTION ON UNITS
ANGELES SUBSIDIARY ACQUIRES TWO CALIFORNIA RETIREMENT PROPERTIES, INCREASES UNITS UNDER MANAGEMENT TO 2,500
ANGELES CORP. REPORTS RESULTS FOR FIRST QUARTER FY 1993
ANGELES MORTGAGE INVESTMENT TRUST SUSPENDS DIVIDEND
CF INCOME PARTNERS L.P. ANNOUNCES BOARD AND INVESTMENT COMMITTEE RESIGNATIONS
ANGELES MORTGAGE INVESTMENT TRUST REPORTS ON STATUS OF SETTLEMENT WITH ANGELES CORP.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters