Reddi Brake Supply Corp. announces top management changes.VENTURA, Calif.--(BUSINESS WIRE)--Feb. 9, 1996--Reddi Brake Supply 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 :REDI) today announced that its board of directors has elected Richard J. McGorrian president and chief executive officer, replacing William Leider, president and chief executive officer, who resigned to return to his management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects firm. McGorrian had recently joined the company as executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the company. The board also said that Gordon Werner had resigned as chairman, but would remain as a director and that Eric Openshaw was named as interim chairman. Additionally, Gerald Birin was named executive vice president in addition to his present post of chief financial officer. Furthermore, the board named both McGorrian and Birin as directors of the company. The board also reported that the company expects to post a substantial loss in the second quarter. ReddiBrake(R) Supply Corp. operates 99 Reddi Brake(R) outlets in 30 states providing two-step distribution of brake systems, chassis components and other auto undercarriage parts to professional installers. CONTACT: Reddi Brake Supply Corp. Richard J. McGorrian 805/644-8355 -or- KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Leslie A. Schupak/Paul Holm holm n. Chiefly British An island in a river. [Middle English, from Old Norse h 212/682-6565 ext. 207/201 |
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