CEO, Senior Managers Buy Allied Office Supplies.Business Editors CLIFTON, N.J.--(BUSINESS WIRE)--Oct. 16, 2003 The 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. and several other top executives of Allied Office Supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). have acquired the assets of Allied, the company announced today. Howard L. Brown, Chairman, CEO and President, who has headed the company since 1998, and the members of the executive committee will continue to run the company, which is a Business-to-Business supplier of office products and services. The company, the fifth-largest BTB See B2B. BTB - Branch Target Buffer office supply firm in the country, will continue to do business as "Allied Office Supplies." The company's debt has also been restructured through a new senior secured credit facility provided by General Electric Commercial Finance. "Our company is much stronger financially," Brown said. "Our capital structure gives us the resources we need to move forward and to continue to grow." Howard Brown Howard Sebastian Brown is a figurehead and employee of HBOS plc, who own both Bank of Scotland and Halifax Bank (previously the Halifax Building Society) in the United Kingdom. He was born in Sheldon, Birmingham, England. 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. Michael Brown Michael or Mike Brown may refer to: In politics:
Michael Palmer (b.May 11, 1943 in Manhattan, New York) is a contemporary American poet and translator. , Chief Financial Officer Anthony Cavalieri, Executive Vice President of Sales and Marketing Gary Keefer, Executive Vice President of Central Region Joseph Aiello, Executive Vice President of 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. , Facilities and Legal Counsel Mark Rogart, and Senior Vice President of Logistics David Snider. Brown said the company would grow organically and would remain strongly committed to its customers, employees and vendor partners. "We want to increase our dominance on the eastern seaboard and to invest strategically in certain other areas of the country," he added. "The people who know the business and run the business now own the business. We'll continue doing the things that have made us successful: maintaining our commitment to quality, competitive pricing and using our OneSolution operating model to form strategic partnerships with our customers and become their single-source supplier for office products and services," said Brown. Through its OneSolution concept, Allied's customers can purchase office supplies, computer supplies, coffee and beverage services, furniture and project management, printing and forms management services and promotional products e-commerce programs with one bill, one salesperson and one delivery, reducing both soft and hard procurement costs. Allied is headquartered in Clifton, NJ, and has 13 other locations, principally in the northeast. The company has approximately $300 million in annual sales. |
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