AST announces chief financial officer resignation.IRVINE, Calif.--(BUSINESS WIRE)--Sept. 6, 1996--AST Research 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 :ASTA), on Friday announced the resignation of Joseph E. Norberg, senior vice president and chief financial officer. Norberg, 49, who served as CFO See Chief Financial Officer. since May 1996, left AST (AST Computer, Irvine, CA) A PC manufacturer founded in 1980 by Albert Wong, Safi Quershey and Tom Yuen (A, S and T). It offered a complete line of PCs that sold through its dealer channel. to pursue other business interests. AST is commencing a recruitment search to fill the open CFO position. In the interim, Won Suk SUK Sveriges Unga Katoliker (Swedens Young Catholics) Yang, AST director and Samsung Electronics Samsung Electronics (SEC, Hangul:삼성전자; KSE: 005930, KSE: 005935, LSE: SMSN, LSE: SMSD) is a South Korean multinational corporation and the world's largest and leading electronics and information technology company. senior executive managing director, will serve as acting CFO of AST. Yang, 52, has served in various senior level positions within the Samsung Group The Samsung Group is South Korea's largest conglomerate (chaebol), composed of numerous businesses, including Samsung Electronics, the world's largest electronics company[1] for more than 25 years, including director of finance at Samsung Petrochemical; executive vice president of Samsung Semiconductor Inc., a U.S. subsidiary of Samsung; general manager of Samsung Electronics' Planning and Administrative Office; and general manager of the Corporate Administrative Office for an affiliated company, Cheil Synthetics Industries. "We appreciate the contribution Joe has made to our executive team during his short tenure with AST and wish him well in his future endeavors," said Young Soo Kim, AST president and chief executive officer. "While we undertake an executive search, we are pleased to have the resources and expertise of Mr. Yang, who will work to further the company's goals of returning to profitability and a market share growth position as quickly as possible." AST Research AST Research, Inc. was a personal computer manufacturer, founded in Irvine, California in 1980 by Albert Wong, Safi Qureshey and Thomas Yuen. (The name comes from the initials of their first names. , a member of the Fortune 500 list of America's largest industrial and service companies, is one of the world's leading personal computer manufacturers. The company develops a broad spectrum of desktop, mobile and server PC products that are sold in more than 100 countries worldwide. AST systems meet a wide range of customer needs, ranging from corporate business applications to advanced home and office use. Corporate headquarters is located at 16215 Alton Parkway, P.O. Box 57005, Irvine, Calif. 92619-7005. Telephone 714/727-4141 or 800/876-4278. Fax 714/727-9355. Information about AST and its products can be found on the World Wide Web at http://www.ast.com. CONTACT: AST Research Inc., Irvine Emory Epperson, 714/727-7958 |
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