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Danka Appoints Chief Executive Officer, P. Lang Lowrey Chairman of the Board of Directors; Dr. Kevin C. Daly to Join Board.


Business Editors/High-Tech Writers

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Dec. 17, 2001

Danka Business Systems PLC (Nasdaq:DANKY) announced today that P. Lang Lowrey, Chief Executive Officer, will also assume the role of Chairman of Danka's Board of Directors effective January 13, 2002. Michael B. Gifford, the current Chairman, will remain as a Director of Danka following January 13, 2002.

Although a London based PLC, Danka's combination of the role of Chairman and Chief Executive Officer follows common practice in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and will provide Danka with a senior management structure that is more familiar to, and more easily understood by, Danka's predominantly U.S. security holders, financiers, trading partners and customers.

Lowrey commented: "I would like to thank Michael Gifford for his many recent contributions to Danka, both as interim Chief Executive Officer and Chairman. He stepped in at a very difficult time for the Company and was instrumental in leading Danka up to its recent financial restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). . I am proud that he, and the rest of the Board, have given me their vote of confidence to serve as Chairman."

Danka also announced the appointment of Dr. Kevin C. Daly to its Board of Directors also effective January 13, 2002. Daly is currently the Chief Technical Officer for the Storage Solutions Group of Quantum Corporation. Daly had been President and Chief Executive Officer of ATL (Active Template Library) A set of software routines from Microsoft that provide the basic framework for creating ActiveX and COM objects. Stemming from the standard template library (STL) that comes with C++ compilers, ATL includes an object wizard that sets up  Products from its formation in 1991 to its recent integration into the Quantum Corporation. The company is a leading supplier of data protection systems for computer networks and serves more than one-half of today's Fortune 500 Companies. Prior to forming ATL, Daly was the Chief Technical Officer at Odetics, Inc. of Anaheim, CA. He has also held positions with Charles Stark Draper Laboratory The Charles Stark Draper Laboratory, Inc., formerly the MIT Instrumentation Laboratory, was founded by Charles Stark Draper in the late 1930s to teach students how to design the scientific instruments necessary to accurately measure and study motion.  in Cambridge, MA, and as an Adjunct adjunct (aj´ungkt),
n a drug or other substance that serves a supplemental purpose in therapy.

adjunct 
 Professor at MIT MIT - Massachusetts Institute of Technology .

Lowrey added, "Danka has taken a major step forward with the appointment of Kevin Daly to its Board of Directors. Kevin's capabilities, experience and intellect A natural language query program for IBM mainframes developed by Artificial Intelligence Corporation. The company was later acquired by Trinzic Corporation, which was acquired by Platinum, which was acquired by Computer Associates.  will be critical to Danka's growth initiatives. His technological background and systems knowledge will significantly enhance Danka's goal of being more than a seller and supplier of office imaging equipment products, but a provider of document solutions and new technologies to its clients. We are thrilled about Kevin's decision to join the Board."

Danka Business Systems, PLC, headquartered in London, England, and St. Petersburg, Florida St. Petersburg (often shortened to St. Pete) is a city in Pinellas County, Florida, United States. The city is known as a vacation destination for North American and European vacationers, as well as a politically important battleground in U.S. Presidential politics. , is one of the world's largest providers of office imaging solutions, related services and supplies. Danka provides office products and services in approximately 30 countries around the world. For additional information about copier, printer and other office imaging products from Danka, visit our web site at: http://www.danka.com or call 1-800-OK-DANKA (800-653-2652).

Certain statements contained in this press release, are forward-looking. Such statements reflect the current views of Danka with respect to future events and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ materially from those reflected in the forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
. Readers are cautioned not to place undue reliance on these forward looking statements, which reflect Danka's analysis only as of the date they are made.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 17, 2001
Words:515
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