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GREEN ISLE ENVIRONMENTAL SERVICES (FORMERLY REUTER, INC.) ANNOUNCES MANAGEMENT CHANGES

 GREEN ISLE ENVIRONMENTAL SERVICES (FORMERLY REUTER, INC.)
 ANNOUNCES MANAGEMENT CHANGES
 HOPKINS, Minn., Oct. 26 /PRNewswire/ -- Green Isle Environmental Services, Inc., (NASDAQ-NMS: GIES) (formerly Reuter, Inc.) announced today that Joseph M. Blankenship has resigned from the posts of president, chief executive officer and a director of the company effective Oct. 30, 1992, to take a position with another company. The Board has elected James W. Taylor to replace Blankenship as president and chief executive officer.
 Edward E. Strickland, chairman, commented: "Joe joined Green Isle (formerly Reuter, Inc.) in November of 1990 as vice president of the Waste Processing Division and was elected president and CEO in January of 1991. He joined the company subsequent to the strategic decision to build and operate two waste processing plants, and has worked diligently in the effort to make them viable. In the same period the performance of the Manufacturing Division has improved markedly. We wish him personal success in his new endeavor.
 "Jim Taylor has been a director of the company for three years and is quite familiar with the company's activities. He is currently a management consultant through Taylor Consultants, Inc., and previously served as president of Booz, Allen & Hamilton Inc., an international consulting firm. Jim will work with the Board of Directors and management to rationalize operations and enhance shareholder value. The Board will begin immediately to address longer term organization matters."
 Headquartered in Hopkins, Minn., the company owns and operates a waste processing and recycling facility in Eden Prairie, Minn., and a recycling and composting facility in Pembroke Pines, Fla. The company also manufactures computer disk drive spindles, other machined items and plastic refuse containers, and owns and operates a refuse collection system in Louisiana. The common stock of Green Isle Environmental Services, Inc. (formerly Reuter, Inc.) is traded in the NASDAQ National Market System with the symbol GIES.
 /CONTACT: Curt Swenson of Swenson Falker Eilertsen Inc., 612-371-0000 or James W. Taylor or Anwar H. Bhimani of Green Isle Environmental Services, Inc., 612-935-7798/
 (GIES) CO: Green Isle Environmental Services, Inc. ST: Minnesota IN: SU: PER


KH -- MN010 -- 4797 10/26/92 12:45 EST
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Publication:PR Newswire
Date:Oct 26, 1992
Words:353
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