Changes At Avcorp Board.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 1, 1999-- Avcorp Industries Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AVP AVP arginine vasopressin. .) announces that after three years as Chairman of the Board of Directors, Michael Scholz is stepping down as Chairman to continue as a Director. The Executive Chairman role will be assumed by John W. Sandford, who became the interim 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. following the resignation of Peter Jeffrey in July. Mr. Scholz said: "John is a very experienced aerospace executive. We are actively recruiting a new President & CEO and I decided that we should make the planned move now so that John and the new President can lead us into 2000 as a team. I will continue as an active Board and committee member and will participate on Avcorp's Strategic Planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. Task Force. This move will enable me to devote more time to my law practice." Mr. Sandford joined the Avcorp Board last year and has served as the Chairman of the Executive Committee. He is also the Chairman of Cade Industries, an aerospace company with head quarters in Lansing, Michigan. He retired from Rolls Royce North America Inc. in 1998, where he had served as CEO and Chairman. Mr. Sandford has extensive operating experience in the Canadian, US and UK aerospace industries, having served as the CEO of Gulfstream Aerospace, Fairchild-Republic and de Havilland Aircraft This is a list of aircraft produced or proposed by Geoffrey The Havilland or designed by the de Havilland Aircraft Company from its founding in 1920 until its purchase by (and integration into) the Hawker Siddeley Group in 1959. of Canada. Avcorp Industries Inc. is a Canadian aerospace industry manufacturer. The Company is a single-source supplier for design, fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. and assembly of metal, composite and plastic components and is made up of five divisions: Aerostructures, Composites, Metal Products, Engineering and Proprietary Products. |
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