Supercuts names Steve Price as CEO, ending nine-month executive search.SAN FRANCISCO--(BUSINESS WIRE)--Jan. 30, 1996--Steve Price, 57, a former 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. of Citicorp Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks and previously in top management at General Foods Corp., has been named president and CEO and a director of Supercuts 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 : CUTS), it was announced today by Thomas L. Gregory, chairman. Price fills the vacancies created earlier this month by the removal of David E. Lipson, as CEO, and his subsequent resignation as a director. The hiring of Price culminates a nine-month search by Supercuts for a permanent CEO, which the company announced last spring. Gregory and the board's search committee have held ongoing discussions with Price since the fall of 1995. "As the leader in the affordable hair care industry, Supercuts is indeed fortunate to have recruited a CEO of Steve Price's caliber and experience to lead our company and franchisees," said Gregory. "I look forward to working with him in the months ahead." Most recently, Price was president and CEO of Crescent Jewelers Inc., in Oakland, a chain of retail jewelry stores on the west coast. From 1986 to 1994 he held successively higher positions with Citibank N.A., including managing director of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Retail Bank; senior vice president responsible for all of Citibank's retail branches in the United States; chairman and director of the Student Loan Corp., a NYSE NYSE See: New York Stock Exchange company; and chairman/CEO of Citicorp Federal Savings. In the early 1980s, Price was executive vice president and publisher of Newsweek Inc. From 1960 to 1982, he served as an executive with General Foods Corp., including marketing manager for the Maxwell House division, executive vice president of Burger Chef, a fast food chain of company and franchised restaurants, president of corporate development, and corporate vice president and general manager, beverage division. Supercuts Inc. is headquartered at 550 California Street, San Francisco, Calif., 94104, 415/693-4700. Steve Price Personal Information Age: 57 Marital Status marital status, n the legal standing of a person in regard to his or her marriage state. : Married, two adult children Educational Background: Columbia College, N.Y. Bachelor of Arts Degree in Economics 1959 Columbia Engineering School, N.Y. Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies Degree in Industrial Engineering, 1960 Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. Soldiers Field, Mass. MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration Degree, with Distinction, 1963 Business Experience: Crescent Jewelers Inc. - President/CEO Oakland, Calif. January to August, 1995 Citibank N.A. - CEO and Chairman of various entities New York, Chicago and Hong Kong 1986 to 1994 Newsweek Inc. - Executive Vice president/publisher New York and Washington 1982 to 1986 General Foods Corp. - corporate vice president White Plains, N.Y. 1960 to 1982 CONTACT: Supercuts Inc. Thomas L. Gregory, 415/693-4883 Lisa Horn Chainey, 415/693-4726 or Miller Shandwick Technologies Fred Hoar, 415/962-9550 or 415/519-7875 fhoar@millerwest.com |
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