Consulier Engineering Inc. president resigns.TEQUESTA, Fla.--(BUSINESS WIRE)--Feb. 7, 1996--Consulier Engineering 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 :CSLR CSLR Center for Spoken Language Research (University of Colorado at Boulder) CSLR Center for the Study of Law and Religion (Emory University School of Law; Atlanta, Georgia) ) of Tequesta, announced the resignation of its President and Chief Executive Officer, George E. Mount. Mount assumed his position at Consulier in May of 1994 after a distinguished engineering career at the Pratt and Whitney Division of United Technologies Corp. During his tenure at Consulier, Mount was responsible for the development of engineering prototypes of several potential products including the Nut-Remov-R, a torque multiplying wrench, the Tiger Tail(tm) compact "pocket winch" and the Hyper Roll Ball Screw A ball screw is a mechanical device for translating rotational motion to linear motion. A threaded shaft provides a spiral raceway for ball bearings which act as a precision screw. . The board of directors wish to express their appreciation of Mount's contribution to the corporation and wish him well in his future endeavors. Pending the replacement of Mount, Warren B. Mosler, chairman of the board and principal shareholder of Consulier, has named Charles E. Spaeth, a member of the board of directors, as acting chief executive officer. In addition, Tina M. Marmesh was named acting 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. . Consulier Engineering Inc.'s common stock trades on the over-the-counter market over-the-counter market Trading in stocks and bonds that does not take place on stock exchanges. Such trading occurs most often in the U.S., where requirements for listing stocks on the exchanges are strict. under the NASDAQ symbol CSLR. CONTACT: Consulier Engineering Inc., Tequesta Thomas G. Weber, 407/745-9149 |
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