Printer Friendly

MOLEN ELECTED CEO OF HUFFY CORPORATION

 DAYTON, Ohio, April 16 /PRNewswire/ -- The board of directors of Huffy Corporation (NYSE: HUF) elected Richard L. Molen to the position of president and chief executive officer, effective today. In his new role as chief executive officer, Molen succeeds Harry A. Shaw III, who will remain chairman of the board of directors. Huffy Corporation announced its succession plan in December 1992.
 "Dick Molen is an extremely qualified leader whose operating experience and ability have been an outstanding strength of the corporation," Shaw said. "I am confident that he will do an excellent job leading Huffy Corporation into the next century."
 Molen said, "I am pleased with the confidence expressed in me by Harry Shaw and the board of directors. I am looking forward to contributing to the continued success of Huffy Corporation as its chief executive officer."
 Molen, 52, has been employed by Huffy Corporation since 1968. He served in a number of marketing and sales positions of increasing responsibility until 1977, when he was named president of the Huffy Bicycle Division. He has served as president of the corporation since 1986, and has been groomed for the chief executive officer position over the past three years. A graduate of the University of Cincinnati and the Harvard Advanced Management program, he is active in the community, serving as a member of the board of directors of the Dayton Boys/Girls Clubs, Inc., the Ohio Manufacturers Association, the Huntington Bank - Dayton City Office and Huffy Corporation. He currently serves as a chairman of the Miami Valley Regional Bicycle Council and is chairman of the Bicycle Manufacturers Association.
 Huffy Corporation is a diversified manufacturer and supplier of bicycles, basketball backboards, lawn and garden tools, juvenile products and inventory, assembly and merchandising services.
 -0- 4/16/93
 /CONTACT: Pamela J. Whipps, assistant treasurer and manager, investor relations, Huffy Corporation, 513-866-6251/
 (HUF)


CO: Huffy Corporation ST: Ohio IN: MFG SU: PER

LC -- CL021 -- 0970 04/16/93 17:11 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 16, 1993
Words:326
Previous Article:J. M. SMUCKER DECLARES DIVIDEND INCREASE
Next Article:DOMINION RESOURCES DECLARES QUARTERLY DIVIDEND
Topics:


Related Articles
HUFFY CORPORATION ANNOUNCES ORGANIZATIONAL CHANGES
HUFFY CORPORATION ANNOUNCES FIRST QUARTER EARNINGS IN LINE WITH COMPANY EXPECTATIONS
HUFFY CORPORATION'S BOARD OF DIRECTORS APPROVES PLANS FOR NEW BICYCLE FACILITY
HUFFY CORPORATION DECLARES DIVIDEND AND PROJECTS THIRD QUARTER 1995 RESULTS
HUFFY CORPORATION NEWS RELEASE
HUFFY CORPORATION REACHES EARLY LABOR AGREEMENT
Huffy Corporation Announces Wheelbarrow Product Line Acquisition
Huffy Corporation's Third Quarter Results Above Analysts' Expectations
Huffy Corporation Reports 38 Percent Increase in Net Income from Continuing Operations
Huffy Corporation Elects New Director

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters