Danka Names New Chief Executive Officer.Business Editors ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Feb. 14, 2001 Danka Business Systems, PLC (Nasdaq:DANKY) announced today that P. Lang Lang language LANG Louisiana Army National Guard Lang Langobardian (linguistics) LANG Los Angeles Newspaper Guild Lowrey has been named a Director and Chief Executive Officer of the Company, effective March 1, 2001. Mr. Lowrey most recently served as Chairman and Chief Executive Officer of eMags Solutions, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a worldwide data storage solutions and services company. Prior to eMag, Mr. Lowrey was the Chairman and Chief Executive Officer of Anacomp, Inc., a publicly held imaging solutions and services company which Mr. Lowrey successfully revitalized re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. by 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). all aspects of the Company. Michael Gifford, Danka's interim Chief Executive Officer, stated: "Mr. Lowrey brings to Danka a broad experience in the imaging solutions and services business, as well as hands-on experience dealing with restructuring issues similar to those Danka is encountering today. He has a demonstrated history of leadership and success. We are delighted to have him lead Danka's management team and join the Board of Directors." The Company also announced that Michael B. Gifford will become Chairman of the Board, also effective March 1, 2001. Mr. Gifford has served as Danka's interim Chief Executive Officer since October, 2000 and has been a Director of the Company since September, 1999. Prior to joining the Board, Mr. Gifford was the longtime long·time adj. Having existed or persisted for a long time: a longtime friend; a longtime resident of Detroit. longtime Adjective Group Chief Executive Of The Rank Organization PLC, a London based leisure and entertainment conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. . Mr. Gifford also serves on the Board of Directors of The Gillette Company. The Company also announced that David W. Kendall will retire as Chairman of the Board and as a Director, effective March 1, 2001. Mr. Kendall was named Chairman of the Company in October, l998 and has served the Company as a Director since July, 1993. Mr. Kendall has had a long and distinguished career leading various prominent companies in the United Kingdom and elsewhere. Mr. Gifford stated on behalf of the Board of Directors: "We thank David for his many contributions to the Company during very challenging circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . His thoughtful leadership to the Company will be missed. The Board wishes David well in his retirement." 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 independent suppliers of office imaging equipment and related services parts and supplies. Danka provides office products and services in 30 countries around the world. For additional information about copier, printer and other office imaging products from Danka, visit the web site at: www.danka.com. Certain statements contained in this press release, including statements related to Danka's future business and financial performance, 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 management's analysis only as of the date they are made. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion