BREED Technologies, Inc. Notes Assignment Changes within Tatum CFO Partners, LLP.LAKELAND, Fla.--(BUSINESS WIRE)--April 30, 1999-- BREED Technologies, Inc. ("BREED") (NYSE NYSE See: New York Stock Exchange :BDT BDT In currencies, this is the abbreviation for the Bangladesh Taka. 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. ), a worldwide leader in automotive occupant occupant n. 1) someone living in a residence or using premises, as a tenant or owner. 2) a person who takes possession of real property or a thing which has no known owner, intending to gain ownership. (See: occupancy) safety systems, today reported that, effective immediately, Jack Sontheimer, Partner of Tatum CFO See Chief Financial Officer. Partners, LLP LLP - Lower Layer Protocol , will assume the Company's transitional Chief Financial Officer position. Sontheimer was formerly acting as BREED's Corporate Controller. Wanda S. Evans, also a Partner of Tatum CFO Partners, has been named as the Company's Corporate Controller. Evans has been acting as a member of the Tatum project team. J.F. (Jack) Gallagher, another Partner of Tatum CFO Partners, had been acting as the Company's transitional Chief Financial Officer since January 1999 when Tatum was first engaged by BREED. "We specialize spe·cial·ize v. 1. To limit one's profession to a particular specialty or subject area for study, research, or treatment. 2. To adapt to a particular function or environment. in assisting companies through periods of tremendous financial growth and change," Gallagher explains. "Our initial task was to identify areas that needed immediate attention. This phase of our assignment has been completed, and the emphasis can now be focused toward areas that need to be improved. Both Jack Sontheimer and Wanda Evans possess significant expertise in these areas and are eminently em·i·nent adj. 1. Towering or standing out above others; prominent: an eminent peak. 2. Of high rank, station, or quality; noteworthy: qualified to take the lead," Gallagher added. Richard D. Hissam, Regional Partner of Tatum CFO Partners, comments, "We are continually improving and strengthening BREED's worldwide financial organization. We believe that BREED and its shareholders will benefit greatly from the value-added perspective Jack Sontheimer and Wanda Evans will bring in their expanded roles. Jack Gallagher has done the job we challenged him to do. The assessment phase is now complete, and Jack will continue to consult with the Company on a going forward basis." "Consistent with our strategy of realigning our accounting, financial and reporting systems, we appreciate the work and financial analysis that Tatum CFO Partners continues to give us," states Johnnie Cordell Breed, Chairman and Chief Executive Officer of BREED. "We have every confidence in Jack and Wanda as they move into their new roles of Chief Financial Officer and Corporate Controller, respectively." |
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