Growth Spurs Management Changes at Brecek & Young.Ranney Assumes Role of Chairman 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. ; Brecek to Serve as President FOLSOM Fol·som adj. Of or relating to a culture that flourished in western North America east of the Rocky Mountains during the late Pleistocene Epoch, notable chiefly for the use of grooved, leaf-shaped flint projectile points. , Calif. -- Brecek & Young Advisors, Inc., (BYA) is pleased to announce that Chris CHRIS Chemical Hazards Response Information System (US DoD) CHRIS California Historical Resources Information System CHRIS Computerized Human Resources Information System CHRIS Command Human Resources Intelligence System Ranney, Executive Vice President and Chief Marketing Officer and Roland Roland (rō`lənd), the great French hero of the medieval Charlemagne cycle of chansons de geste, immortalized in the Chanson de Roland (11th or 12th cent.). Brecek, Chairman of the Board, CEO and President, will be taking on new roles designed to give even greater focus and attention to the firm's representatives and to support BYA's desire to provide the best back-office operations for independent representatives' success and their business growth. Ranney will assume the roles of Chairman of the Board and Chief Executive Officer from Brecek, effective January 2, 2007. He will focus on continuing to build BYA's infrastructure and addressing BYA's day-to-day operational needs. Ranney's move to Chairman and CEO is a natural progression from his current role, where he has concentrated on efforts to build awareness and capacity for the business. "It gives me a great sense of satisfaction to see Chris step in as Chairman and Chief Executive Officer," Brecek said. "He's been an important part of our organization since its inception and he has played a key role in the growth BYA has experienced. I have every confidence in his ability to continue to grow the business and maintain our position as one of the top broker dealer firms in the nation." Brecek will maintain his role as President, allowing him to more fully pursue his passion for building the broker dealer and strengthening relationships with independent representatives. By relinquishing re·lin·quish tr.v. re·lin·quished, re·lin·quish·ing, re·lin·quish·es 1. To retire from; give up or abandon. 2. To put aside or desist from (something practiced, professed, or intended). 3. his role as CEO, Brecek will have more time to focus on support for the representatives and the growth of the firm. "It's been a privilege for me to work alongside Roland for the past 14 years," Ranney said. "The success BYA has experienced is a direct result of Roland's knowledge of the industry and his skill in building relationships. I'm excited to take on this new responsibility as CEO knowing that I'll continue to have the benefit of Roland's unique perspective and expertise." These new roles for Brecek and Ranney will allow each to play to their strengths in the natural evolution of the firm, and more evenly distribute the ever-growing demands of a successful broker dealer growth strategy. The changes are intended to increase the level of operational sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. and support for the increasing demands placed on independent broker dealers. It is this level of support - and anticipating independent representatives' needs - that consistently places BYA among the top broker dealer firms in the nation. About Brecek & Young Advisors, Inc. Headquartered in Folsom, CA with a Midwest office in Cincinnati, OH, Brecek & Young is a full service broker dealer and investment advisory firm that services the needs of individuals and corporations nationwide. BYA has earned numerous awards including four Broker Dealer of the Year Awards by Investment Advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and Magazine. Brecek & Young is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Security Benefit Corporation, a nationally recognized provider of mutual funds, annuities and retirement plans and programs. More information on Brecek & Young Advisors, Inc. can be found on the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at www.brecek.com. |
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