Scangraphics Inc. Elects Laurence L. Osterwise CEO, President and Director.BROOMALL, Pa.--(BUSINESS WIRE)--April 29, 1997--Scangraphics Inc. (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 :SCNG SCNG Strategic Center for Natural Gas ) announced Tuesday that its board of directors elected Laurence L. Osterwise, 49, to the position of Chief Executive Officer and President.
He was also elected to the board of directors. As announced last October, Larry Osterwise was to succeed as 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. , thereby replacing Andrew E. Trolio, after an appropriate transition period. Trolio will remain with the company as chairman of the board.
Osterwise came to Scangraphics as its 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 November 1996, after having most recently been President of the Communications Division at General Instrument Corp., a world leader in developing technology, systems and product solutions for the secure interactive delivery of video, voice, and data, as well as in manufacturing and distribution of discrete semiconductors.
Prior to General Instrument Corp., Osterwise was with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corp. for 25 years, where he held positions as President of Production Industries, U.S. Vice President and Corporate Director of Market Driven Quality and IBM Rochester IBM Rochester is the facility of International Business Machines in Rochester, Minnesota. The initial structure was designed by Eero Saarinen, who clad the structure in blue panels of varying hues after being inspired by the Minnesota sky. General Manager and Director of Application Business Systems. Osterwise holds an MS degree in systems and information sciences from Syracuse University Syracuse University, main campus at Syracuse, N.Y.; coeducational; chartered 1870, opened 1871. Syracuse is noted for its research programs in government and industry; facilities include the Center for Science and Technology, the Newhouse Communications Center, and and a BS in mathematics from Duke University.
Trolio, who will continue on as Chairman of Scangraphics, said, "Since Larry Osterwise came to Scangraphics this past November, he has earned my highest level of respect. He is the kind of Chief Executive Officer and President that is right for our Company at this stage of its growth.
"I believe that the leadership skills that Larry developed during his 25 years at IBM have prepared him well for the challenges ahead as Scangraphics strives to become a major force in the Geographic Information Systems market."
Trolio added that "Larry Osterwise is a seasoned professional with a long list of career accomplishments which include leading IBM's Rochester Minnesota operations during the development of the AS/400 system, one of the most widely accepted business computing systems in the world today. Under his leadership, IBM Rochester was awarded the Malcomb Baldrige National Quality Award."
Osterwise stated, "I have now been with Scangraphics for almost six months, and my enthusiasm and confidence in the future of this company continues to grow by the day. This is a very exciting time in the life of Scangraphics.
"The opportunities facing our Scanner Division, our Technology Resource Center, and Sedona GeoServices are boundless, limitless. It is our goal to be the leading company in these business areas and we are committed to seizing these opportunities."
Scangraphics is a provider of Geographic Information Systems (GIS) database management software products and is a pioneer and leader in scanning and image processing image processing
Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished technology, large document scanners, backfile conversion Scanning older documents that reside in a file cabinet. Service bureaus specialize in this conversion process. services, and imaging software and systems. Its products are marketed internationally through systems integrators and distributors.
Scangraphics is a publicly held corporation, with shares traded on NASDAQ (SCNG). Scangraphics Internet Home Page is: http://www.scangraphics.com Sedona GeoServices Internet Home Page is: http://www.sedonageo.com -0- Sedona is a trademark of Scangraphics Inc. Scangraphics is a registered trademark of Scangraphics Inc.
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