L. RONALD TREPP APPOINTED AS VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF CIMCO, INC.
L. RONALD TREPP APPOINTED AS VICE PRESIDENT AND CHIEF FINANCIAL OFFICER OF CIMCO, INC. COSTA MESA, Calif., Dec. 2 /PRNewswire/ -- L. Ronald Trepp has been named vice president and chief financial officer of CIMCO, INC. (NASDAQ: CIMC). He succeeds Laurance W. Simmons, who has been appointed treasurer for the corporation. Trepp, 53, has more than 25 years of experience in finance and industrial management, most recently serving as executive vice president and chief financial officer of Computer Communications, Inc. in Torrance, Calif. He has extensive experience in financial controls, MIS, MRP, and acquisitions. "Ron's financial background and experience makes him a strong addition to CIMCO's senior management team. His expertise will further enhance our efforts to improve margins and position ourselves for future growth," said Russell T. Gilbert, CIMCO's president and chief executive officer. In his new position, Trepp will be responsible for the entire range of CIMCO's financial activities, including accounting practices, information systems, MRP II, the treasury, and relationships with the financial community and stockholders. He will report directly to the president and chief executive officer. Simmons, who will report to Trepp, will manage treasury activities including custody of funds and other financial assets. He will also supervise CIMCO's banking, credit, and risk management functions. Trepp holds a bachelor's degree in accounting and industrial management and an master of business administration in finance and industrial management from UCLA. He is a resident of Long Beach, Calif. Founded in 1959, CIMCO is one of the leading manufacturers of high-precision thermoplastic components and subassemblies. CIMCO assists original equipment manufacturers in the design, development, and production of plastic components for electronic, computer, office equipment, industrial, and medical products. -0- 12/2/91 CONTACT: S. Suki Shattuck of CIMCO Inc., 714-546-4460 or Cecilia A. Wilkinson of Rifkind Pondel & Parsons, 310-207-9300/ (CIMC) CO: CIMCO Inc. ST: California IN: SU: PER
EH -- LA020 -- 8484 12/02/91 16:03 EST
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|Date:||Dec 2, 1991|
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