BRUCE HACK APPOINTED EXECUTIVE VICE PRESIDENT, FINANCE FOR MCA INC.MONTREAL--(BUSINESS WIRE)--August 4, 1995--The Seagram Company Ltd. today announced the appointment of Bruce Hack as Executive Vice President - Finance for MCA MCA in full Music Corporation of America Entertainment conglomerate. It was founded in Chicago in 1924 by Jules Stein as a talent agency. In the 1960s it bought Decca Records and Universal Pictures, and today it produces films, music, and television shows. INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. ., effective September 1, 1995. Mr. Hack will be based in Universal City and will report to Ron Meyer Ron Meyer (born February 17, 1941) is a former college and professional football coach. He is best known for being the head coach of the New England Patriots and Indianapolis Colts. Meyer's head coaching career began at UNLV, where he coached from 1971 to 1975. , President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of MCA. In his new post, Mr. Hack will be responsible for overseeing all financial functions, MIS and planning for MCA . Commenting on Mr. Hack's appointment Edgar Bronfman, Jr., President and Chief Executive Officer of Seagram, said, "During his thirteen years with Seagram, Bruce has been an exceptional contributor. Having worked in both our spirits and juice businesses, he has a broad knowledge of our operations. He was actively involved in the acquisition of our majority interest in MCA and his subsequent leadership of the due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. work provided a detailed knowledge of MCA's finances and operations. His keen analytic ability and operational experience will help MCA increase margins and build additional value for our shareholders." Ron Meyer commented on the appointment of Mr. Hack, stating, "We are fortunate to have someone with Bruce's talent and expertise on our management team and I personally look forward to working with him. He will be a tremendous asset in the continuing growth of MCA." Mr. Hack joined Seagram in 1982 and most recently served as Vice President, Strategic Planning and Business Development for Joseph E. Seagram Joseph Emm Seagram (April 15, 1841 - August 18, 1919) was a Canadian distillery founder, politician, philanthropist, and major owner of thoroughbred racehorses. Born at Fisher's Mills, now part of Cambridge, Ontario, his parents died when he was in his teens and for several & Sons, Inc. He was previously Senior Vice President-Finance and MIS, and Chief Financial Officer of Tropicana Products, 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 The Seagram Company Ltd. The Seagram Company Ltd. operates two core, global businesses: beverages and entertainment/communications. Seagram's distilled spirits, wines, fruit juices, coolers and mixers are sold in more than 150 countries and territories. Seagram's entertainment/ communications company, MCA INC., produces and distributes motion pictures, television and home video products, publishes books, produces recorded music, and operates theme parks and retail stores. Headquartered in Montreal, Seagram, together with its interest in MCA, employs 30,000 people worldwide and had 1994 revenues of over $11 billion. CONTACT: Chris Tofalli, 212/572-1118 |
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