Electronic Fab Technology Corp. president/CEO resigns.GREELEY Greeley, city (1990 pop. 60,536), seat of Weld co., N Colo., at the base of the Front Range of the Rocky Mts.; inc. 1885. It is a rail and trade center for a rich irrigated farm area. , Colo.--(BUSINESS WIRE)--Aug. 24, 1995--Electronic Fab Technology Corp. (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 :EFTC EFTC European Fluorocarbon Technical Committee EFTC Extraction Force Transfer Coupling (aerial delivery operations) EFTC Emirates Filipino Tennis Club (United Arab Emirates) ), an independent provider of manufacturing services to original equipment manufacturers (OEMs) in the electronics industry, announced Thursday Thursday: see week. that Ken Schultz, its president, chief executive officer and a director, had resigned his positions effective today. The office of president and chief executive officer will be jointly assumed on an interim basis by founder Gerald Reid, currently chairman of the board, co-founder Lucille Reid, currently vice president, and Stuart Fuhlendorf, currently chief financial officer. Reid said, "Ken Schultz has been instrumental in bringing EFTC through a very significant part of its corporate life. When Ken first came on board, the company was privately held and had annual sales of about $3 million. In large part through Ken's guidance, EFTC has grown to where it is now a publicly held corporation with 1994 sales in excess of $50 million. We are very appreciative of the great job Ken has done." EFTC's manufacturing services primarily involve the procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. , assembly and test of complex printed circuit boards using both surface mount and pin-through-hole technology, finished products, cables, and electro-mechanical devices. Its customers include prominent companies in the following segments of the electronics industry: computer peripherals, medical devices, telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. equipment, industrial controls, and electronic instruments. CONTACT: Electronic Fab Technology Corp., Greeley Stuart Fuhlendorf, 303/353-3100 ext. 370 |
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