Cerplex Chief Executive Officer resigns.TUSTIN, Calif.--(BUSINESS WIRE)--Oct. 15, 1996--Cerplex (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CPLX), a leading provider of high technology outsourcing services, on Tuesday announced that James T. Schraith, president and chief executive officer, has resigned to accept a senior level management position at a high technology, Fortune 500 company. Schraith's new position will be announced later this month. "While we sincerely regret Jim's decision to leave Cerplex, and appreciate the tremendous job he's done for the company, we recognize that the opportunity being presented him is not one which anyone in his position would turn down," stated William Klein William Klein (born April 19, 1928) is a photographer and filmmaker. Though born in New York City and educated at City College of New York, Klein is predominantly active in France. , chairman. "With Jim's departure, I will temporarily assume the roles of president 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. , as we initiate a search for a permanent replacement. Our intent is to have senior management maintain the course which Jim has established," Klein continued. Senior managers added during the past year include Phil Pietrowski, senior vice president North American Operations North American operation Surgical oncology Radical surgery of a 'frozen pelvis', consisting of radical en bloc resection of the uterus and urinary bladder. See 'Frozen pelvis.'. Cf 'All-American' and 'South American' operations. ; Bob McFarland, senior vice president North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Sales; and Ray Robidoux, senior vice president, Worldwide Marketing. "I appreciate the opportunity to have been part of Cerplex's activity in 1996 and I am very confident that the management team we have put in place will be able to continue moving the company forward," noted Schraith. About Cerplex Cerplex is a leading independent provider of outsourcing services, including repair and remanufacturing, parts and logistics services. The company has developed extensive capabilities in these areas, focusing on the computer and peripherals, telecommunications and office automation markets. Cerplex offers custom developed programs to OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and TPM (1) See TP monitor. (2) (Transactions Per Minute) The number of transactions processed within one minute. See TPS. (3) (Trusted Platform M customers that help to reduce their service costs, shorten response times, and improve customer satisfaction. The company's headquarters is located in Tustin, with service facilities throughout the United States and Europe. Visit Cerplex's homepage at www.cerplex.com. CONTACT: Cerplex, Tustin Ray Robidoux 714/258-5644 rrobidou@cerplex.com |
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