Clement R. Arrison to retire as President of Mark IV; William P. Montague will replace him.AMHERST, N.Y.--(BUSINESS WIRE)--December 21, 1995 -- Mark IV Industries, Inc. (NYSE NYSE See: New York Stock Exchange : IV) announced today that Clement Clement, in the Bible Clement, in Philippians, one of Paul's coworkers. He is traditionally identified with St. Clement of Rome, the likely author of a letter written from there to the Corinthian church in c.A.D. 96. R. Arrison, 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. , will retire on March 1, 1996. William P. Montague, the company's Executive Vice President and Chief Financial Officer, has been elected to succeed Mr. Arrison as President and Chief Operating Officer. John J. Byrne John J. Byrne (born 1931) is a longtime insurance industry executive who was CEO of GEICO, White Mountain Insurance Group and Fireman's Fund. He also served as chairman of Overstock.com. , currently Vice President - Finance, will succeed Mr. Montague as Chief Financial Officer. Sal H. Alfiero, Mark IV's Chairman and Chief Executive Officer, will continue in that capacity. Mr. Arrison, 65, has been President and a Director of the company since November 1976. He will continue to serve on Mark IV's Board of Directors, and as a consultant to the company. William P. Montague, 49, joined Mark IV as Treasurer in April 1972. He became Vice President - Finance in May 1974, and Executive Vice President and Chief Financial Officer in March 1986. Mr. Montague was also appointed to Mark IV's Board, expanding the number of Directors to six, effective March 1, 1996. John J. Byrne, 46, will assume the additional responsibilities of Chief Financial Officer effective March 1, 1996. Mr. Byrne joined Mark IV in September 1973, was elected Treasurer in 1981, and Vice President - Finance in 1988. Mark IV Industries, Inc., headquartered in the Buffalo suburb suburb, a community in an outlying section of a city or, more commonly, a nearby, politically separate municipality with social and economic ties to the central city. In the 20th cent. of Amherst, New York Amherst is a town in Erie County, New York, U.S., directly northeast of the City of Buffalo. As of the 2000 census, the town had a total population of 116,510. This represents an increase from the 1990 census figure of 111,711. , manufactures products and systems for Power and Fluid Transfer and Professional Audio markets. CONTACT: Sharlene Vogler (716) 689-4972 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion