Alamo Group Inc. names Jim A. Smith executive vice president and chief financial officer.SEGUIN, Texas--(BUSINESS WIRE)--April 10, 1996--Alamo Group Inc. (NYSE NYSE See: New York Stock Exchange :ALG ALG antilymphocyte globulin. ALG antilymphocyte globulin. ALG Antilymphocyte globulin, see there ) today announced that Jim A. Smith has been named Executive Vice President and Chief Financial Officer of the Company. Mr. Smith, 57, joins Alamo Alamo Eighteenth-century mission in San Antonio, Texas, site of a historic siege of a small group of Texans by a Mexican army (1836) during the Texas war for independence from Mexico. Group with 35 years of financial and managerial experience. He began his career with Arthur Andersen & Co. in 1961. For 21 years, he was employed by Tracor, Inc., a $700 million, diversified, commercial and defense manufacturer, in various capacities. Mr. Smith started with Tracor as Controller and reached the position of Chief Financial Officer in addition to holding a seat on the company's Board of Directors. Since his departure from Tracor in 1987, Mr. Smith has served as a financial advisor and has held seats on the boards of directors for companies including Mobley Environmental Sciences (Nasdaq:MBLYA), National Instruments Corporation, Inc., and Electrosource, Inc. (Nasdaq:ELSI ELSI Ethical, Legal and Social Implications (of Human Genome Project) ELSI East London Somali Initiative (UK) ). During this period, he has also advised private companies such as San Marcos Telephone Company, Inc., CJC CJC Canadian Jewish Congress (Congrès Juif Canadien) CJC Criminal Justice Commission (Queensland, Australia) CJC Canadian Judicial Council CJC Criminal Justice Center CJC Commission on Judicial Conduct , Inc. (Artcarved Rings), Enviroquip, Inc., and Texas Commerce Bank, Austin. Donald J. Douglass, Chairman 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. , commented on the announcement: "As Alamo Group looks to increase profitability in its core activities as well as in its newly acquired businesses, Jim Smith's seasoned professionalism and experience will play an integral part in the Company's continued growth and success. In addition to his financial responsibilities, Jim will provide Alamo Group with leadership in the areas of strategic and tactical planning. We look forward to Jim's contribution to our operation and have the utmost confidence in his ability to help lead the Company to the next level of its development." Alamo Group is a leader in the design, manufacturing and distribution of heavy duty, tractor-mounted mowing and growth maintenance equipment in North America and Europe. The Company has 943 employees in the U.S., 302 in the U.K. and 61 in continental Europe, and operates ten manufacturing facilities. The corporate offices of Alamo Group (USA) are located in Seguin, Texas, near San Antonio. The headquarters for Alamo Group (EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) is in Salford Priors, England, near Birmingham. CONTACT: Don Douglass Chairman and Chief Executive Officer 210-226-1339 or 203-966-0621 or June Filingeri/Robert Weiner Media Contact: Stan Froelich Morgen-Walke Associates 212-850-5600 |
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