Alumax Board Elects New VP Strategic Planning & Corporate Development And New VP Controller.NORCROSS, Ga.--(BUSINESS WIRE)--June 3, 1997--Allen Born, 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. of Alumax Inc. (NYSE NYSE See: New York Stock Exchange :AMX; Toronto:AXI), today announced that the company's board of directors has elected Michael T. Vollkommer as vice president, strategic planning and corporate development, reporting to Mr. Born. Mr. Vollkommer was previously vice president and controller of Alumax. Mr. Born also announced that Kevin J. Krakora, formerly vice president, finance of Kawneer Company, Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Alumax, has been elected by the Alumax board as vice president and controller. Mr. Krakora reports to Lawrence B. Frost, executive vice president and chief financial officer. Michael Vollkommer began his career in 1980 with Coopers & Lybrand and was a senior manager in 1992 when he became director of accounting for AMAX Inc., the former parent company of Alumax Inc. He was named controller of Alumax in 1994 and was elected a vice president in 1995. Mr. Vollkommer, 38 years old, received his bachelor of science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies degree in accounting from St. Francis College in 1980 and became a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. in 1982. He is a member of the American Institute of Certified Public Accountants With over 330,525 CPA members (in August 2006), the American Institute of Certified Public Accountants (AICPA) is the largest professional organization of Certified Public Accountants (CPAs) in the United States of America. and the New York State Society of Certified Public Accountants. He serves on the board of directors of the American Lung Association The American Lung Association (ALA) is a non-profit organization that "fights lung disease in all its forms, with special emphasis on asthma, tobacco control and environmental health". of Georgia. Kevin Krakora began his career with Price Waterhouse in 1980. He progressed to senior manager and in 1988 joined Work Wear Corporation, Inc. as controller. He joined Emerson Electric Co. in 1990 where he served as director of finance and later as vice president, controller of Liebert Customer Service & Support Division. He has served Kawneer Company as vice president, finance since 1994. Mr. Krakora, 41, is a certified public accountant. He received his MBA degree in 1980 from Case Western Reserve University in Cleveland, Ohio, and a bachelor of arts degree in 1978 from Columbia College in New York. Alumax is a world leader in aluminum with assets of $3.3 billion and 1996 revenues of more than $3.1 billion. The company produces and markets primary aluminum ingot ingot Mass of metal cast into a size and shape such as a bar, plate, or sheet convenient to store, transport, and work into a semifinished or finished product. The term also refers to a mold in which metal is so cast. , billet and slab and is a major fabricator of value-added aluminum products for the transportation, distributor, building and construction, packaging and consumer durables markets. CONTACT: Alumax Thomas R. Hagley (Media) 770/246-6642 Fax: 770/246-6691 or R. Daniel Loh (Investors) 770/246-6752 Fax: 770/246-6691 |
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