Action Performance Announces New Appointments and Responsibilities for Senior Executives.PHOENIX--(BUSINESS WIRE)--Dec. 6, 1999-- Action Performance Companies Inc. (Nasdaq:ACTN ACTN Action ACTN Acetone ) Monday announced new appointments and responsibilities for several of its senior executives designed to further consolidate operations and better position the company for continued growth. David Husband, chief financial officer, Howard Jacobs, senior vice president, Worldwide Marketing and Business Development, and Melodee Volosin, president, Action Racing Collectables (ARC), are being named executive vice presidents of the company and will assume additional responsibilities. Tod Wagenhals, who previously managed the company's Charlotte-based operations, has been named special assistant to the chairman. In addition to his responsibilities as CFO See Chief Financial Officer. , Husband will assume oversight of all corporate administration including human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and information systems. Jacobs, who joined Action in July from The Coca-Cola Company, also will become chief marketing officer for Action and all of its domestic and international subsidiaries. Volosin's responsibilities will expand to include management of all of the company's manufacturing, distribution, and sales efforts, including trackside track·side n. The area near a track, especially a racetrack. , retail, and direct-to-consumer businesses. As special assistant to the chairman, Tod Wagenhals will assist the Office of the Chairman in relationship management and business development among partners, drivers, teams, and sanctioning sanc·tion n. 1. Authoritative permission or approval that makes a course of action valid. See Synonyms at permission. 2. Support or encouragement, as from public opinion or established custom. 3. bodies. Husband, Jacobs, and Volosin will continue to report directly to Fred W. Wagenhals, chairman, president, and chief executive officer, Action Performance Companies. "I am very pleased to be able to announce this new management structure," Wagenhals said. "By streamlining our organization and further empowering David Husband, Howard Jacobs and Melodee Volosin with additional functional responsibilities, we continue to take the steps necessary to better align our business units, integrate key resources, and further position Action to execute its business mission." The company also announced that Christopher Besing and Lonnie Boutte, chief executive officer and president, respectively, of its Internet subsidiary goracing.com, are leaving the company. "goracing.com remains a key strategic initiative for the company," said Wagenhals. "We will continue to build goracing.com as the premiere online meeting place for worldwide motorsports-related news, information and e-commerce." A team of senior goracing.com executives already in place will assume operational management of the company in coordination with senior Action executives. Action Performance Companies Inc. is the leader in the design, marketing, promotion and distribution of licensed motorsports merchandise. Its products include a broad range of motorsports-related die-cast car replica Earlier document exchange software from Farallon Communications, Inc. that converted a Windows or Mac document into a proprietary viewing format. The viewer could be distributed separately or embedded within the document itself, turning it into a single-document viewer. collectibles, apparel, souvenirs, and other memorabilia mem·o·ra·bil·i·a pl.n. 1. Objects valued for their connection with historical events, culture, or entertainment: posters, publicity photographs, and other movie memorabilia. 2. . The company markets and distributes products through a variety of channels, including the 170,000-member Racing Collectables Club of America (RCCA RCCA Root Cause and Corrective Action (to prevent the recurrence of a defect by eliminating its cause) RCCA Rural Community College Alliance RCCA Roller Coaster Corporation of America RCCA Rod Cluster Control Assembly ), online through SpeedMall at goracing.com, trackside at racing events, mass retail department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , and a worldwide network of wholesale distributors and specialty dealers. |
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