BlueStar Systems Announces Addition to Management Team.Business Editors RALEIGH, N.C.--(BUSINESS WIRE)--April 5, 2000 BlueStar Battery Systems International Corp. (CDNX CDNX See Canadian Venture Exchange (CDNX). :BHW BHW Beamten Heimstätten Werk (German Building Society) BHW Boiler Hot Water BHW Brick Headwall BHW Blackman-Harris Window Function BHW Binary Halfword .) ("BlueStar") today announced the appointment of Marty R. Kittrell to the position of Executive Vice President of Finance and Administration. Mr. Kittrell will report directly to James A. Risher, 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. . Mr. Kittrell has responsibility for all financial, 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 legal functions. Mr. Kittrell has also been appointed to the Company's Board of Directors. "We are delighted to have Marty join the new executive management team of BlueStar. He brings a wealth of experience and knowledge to the Company at a time when we are launching our new strategic direction. Marty and I worked together for nearly ten years in helping to build a multinational, market leader in the power protection industry. His talents in finance, strategy and corporate development will help us create shareholder value," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Risher. Mr. Kittrell was most recently the Senior Vice-President and Chief Financial Officer for Worldtex, a NYSE-registered apparel and textile company located in Hickory, N.C. Prior to joining Worldtex, Mr. Kittrell was Executive Vice-President, Chief Financial Officer and a member of the Board of Directors of Enfinity Corporation. His career also includes 10 years with Exide Electronics, now Powerware Systems, as Vice President and Chief Financial Officer. While at Exide Electronics, Mr. Kittrell completed an initial public offering in 1989, participated in the acquisition of several companies, and assisted in negotiating the eventual sale of Exide Electronics for $600 million in 1997 to BTR BTR Rupee (currency of Bhutan) BTR Board of Technical Registration BTR Born to Run (Bruce Springsteen song) BTR Bureau of Tourism Research (Australia) BTR Back To Reality , successfully avoiding a hostile takeover Hostile Takeover A takeover attempt that is strongly resisted by the target firm. Notes: Hostile takeovers are usually bad news, as the employee moral of the target firm can quickly turn to animosity against the acquiring firm. attempt. He began his professional career at Price Waterhouse. Mr. Kittrell graduated magna cum laude from Lipscomb University, Nashville, Tenn. BlueStar is one of North America's largest integrated networks for power and charging systems, providing supplier and customer participants with sales, marketing, distribution and support capabilities. The Company, through its electronic commerce network, markets over 11,000 different battery products and automotive electric components from many of the world's finest suppliers. BlueStar continues to enhance its product lines through further strategic alliances with the world's leading manufacturers, along with the strengthening of the BlueStar participant network throughout North America. BlueStar's common stock trades on the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) . The Canadian Venture Exchange has neither approved nor disapproved the information contained herein. |
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