Cybernetics names Waldron chief financial officer.SANTA ANA, Calif.--(BUSINESS WIRE)--Nov. 16, 1994--Cybernetics Products 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 :CYBR CYBR Copy Byte Right ) Wednesday announced that it has named Kirk A. Waldron as the company's chief financial officer. Waldron, who has been with Cybernetics cybernetics [Gr.,=steersman], term coined by American mathematician Norbert Wiener to refer to the general analysis of control systems and communication systems in living organisms and machines. since March of this year, had been serving in that capacity on an interim basis following the resignation of the position's previous incumbent, Dean Trojan, in August. Immediately prior to joining Cybernetics, Waldron served as controller of Acme Holdings Inc., a multistate equipment rental company. During his tenure with Acme, the company secured credit lines totaling $40 million, implemented a $78 million public debt offering, and grew from 23 branches and $50 million in annual revenues to 47 branches and annual revenues of $90 million. Waldron, a Certified Public Accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , has also held senior accounting positions with Ernst & Young LLP LLP - Lower Layer Protocol in Los Angeles, and with Winchell's Doughnut House Inc., where after serving in a variety of accounting positions he was promoted to controller. Commenting on the appointment, Cybernetics 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. Joseph P. Drier Jr. said: "Kirk has a depth of experience in finance and an exceptional grasp of Cybernetics' operations and strategic objectives. While serving as our interim CFO See Chief Financial Officer. , Kirk proved he has the qualifications and abilities we were looking for in that position, and we're very pleased to have him on our executive team." Cybernetics Products is a diversified corporation involved in the development and manufacture of precision, high-volume drills and routers for electronic circuit boards and advanced camera systems for animation, feature film special effects and computer graphics applications. The company also operates a nationwide service organization under the name of Computer Services of America, which services personal computers, mainframes and peripherals. CONTACT: Cybernetics Products Inc., Santa Ana
Joseph P. Drier Jr., 714/541-2927
or
Silverman Heller Associates, Los Angeles
Lou Alkana, 310/208-2550
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