Cerplex names Schraith as president and chief executive officer.TUSTIN, Calif.--(BUSINESS WIRE)--Oct. 6, 1995--The Cerplex Group, Inc. (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 independent provider of electronic parts repair and logistics services announced today that James T. Schraith, age 38, former 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 AST Research AST Research, Inc. was a personal computer manufacturer, founded in Irvine, California in 1980 by Albert Wong, Safi Qureshey and Thomas Yuen. (The name comes from the initials of their first names. , Inc., has joined the company as President and Chief Executive Officer. He will also join the board of directors. Schraith will assume all responsibility for the day-to-day operations of the company while William A. Klein continues as Chairman of the Board. With the addition of Mr. Schraith, the Board now stands at seven members. "Schraith's leadership ability and experience in managing all aspects of a rapidly growing company is an excellent fit with the needs of The Cerplex Group," Klein said. "The expertise he provides in operations, marketing and sales and his knowledge of the people in the computer industry will strengthen our role as the leader in the electronic parts repair and logistics industry." The addition of Schraith to the Cerplex management team is the next step in supporting Cerplex's future growth. "As a leader in its industry, Cerplex is in a position to sustain continued growth in the $15 billion per year worldwide electronics repair market," said Schraith. Schraith previously was employed at AST (AST Computer, Irvine, CA) A PC manufacturer founded in 1980 by Albert Wong, Safi Quershey and Tom Yuen (A, S and T). It offered a complete line of PCs that sold through its dealer channel. where he was President and Chief Operating Officer. During his employment, AST grew from $172 million to $2.5 billion in sales. "There are similarities between how AST grew in the last few years and where Cerplex is now," Schraith said. "Like the multitude of its customers, the size of its market, and the breadth of its capabilities -- Cerplex has the makings of a Fortune 500 company." Schraith is a board member of Pinnacle pinnacle (pĭn`ĭkəl), minor architectural motif of vertical tapering shape, usually crowning a pier, buttress, or gable. Although sometimes it appears in Renaissance design, as in the Certosa di Pavia, it is almost exclusively a medieval Micro, Inc. and Semtech Corporation. He was most recently the keynote speaker at the Systems Support Expo in Boston in May '95, and has written numerous articles on the sales and service of electronics over the past 15 years. About the Cerplex Group The Cerplex Group, Inc. is a leader in developing and expanding the electronics services industry by supplying comprehensive parts repair and logistics services. Cerplex is one of the largest independent electronics parts repair and logistics service organizations worldwide. The company continually develops extensive technical repair and support capabilities for equipment in the computer and peripherals marketplace, as well as in telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , process control, automotive, aviation and medical industries. Repair and logistics programs at Cerplex include depot repair, contract services, spare parts Spare parts, also referred to as Service Parts is a term used to indicate extra parts available and in proximity to the mechanical item, such as a automobile, boat, engine, for which they might be used. Spare parts are also called “spares. programs and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The Cerplex Group, headquartered in Tustin, California Tustin is a city in Orange County, California, United States. As of the 2006 census, the city had a total population of 70,871. The city is located next to the county seat, Santa Ana, and does not include the Tustin Foothills. , employs over 2,000 people and has 16 major facilities throughout the US and Europe. CONTACT: The Cerplex Group, Inc. Bruce D. Nye Vice President and Chief Financial Officer (714) 258-5600 |
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