U.S. ROBOTICS NAMES MANIRE CHIEF FINANCIAL OFFICER
U.S. ROBOTICS NAMES MANIRE CHIEF FINANCIAL OFFICER SKOKIE, Ill., March 5 /PRNewswire/ -- U.S. Robotics, Inc.
(NASDAQ: USRX) today announced the promotion of Ross Manire, vice president, finance, to the position of vice president, finance and chief financial officer. This strategic move will enable U.S. Robotics executive vice president, international operations and company director John McCartney to concentrate his efforts on the company's rapidly expanding international business.
McCartney, who formerly held the position of CFO and executive vice president, international operations, joined U.S. Robotics in 1984. During his tenure at the company, he has strengthened the financial and operations management team, resulting in improved profitability, inventory controls and information systems management. He was instrumental in the successful completion of the initial public offering. Most significantly, however, under McCartney's direction the international operations grew to more than 20 percent of the company's business from only 4 percent in 1990. Much of this success can be attributed to the acquisition of Miracom Technology, Ltd., in August 1989 and the establishment of the company's European headquarters, U.S. Robotics, s.a., in Lille, France. "For nearly a decade, we have relied on John McCartney as a key force in the dynamic evolution of U.S. Robotics. He will provide the foresight and strength necessary to continue growing our international business," said U.S. Robotics Chairman, CEO and President Casey Cowell. Ross Manire joined the company as vice president, finance in July 1991. From 1989 to 1991, he was vice president of Ridge Capital Corp., a Barrington, Ill.-based private investment firm. Before joining Ridge Capital, Manire served as partner in the Entrepreneurial Service Group for Ernst & Young in Chicago, where he managed the west suburban practice office. "Manire's track record here at U.S. Robotics, coupled with his work at Ernst & Young, give him the background to take charge of the financial operations of a publicly held company. This invaluable experience proved essential for our initial public offering. He also brings broad-based expertise, along with years of success in the area of acquisitions -- a key component to our strategy for growth," added Cowell. Manire holds a master's degree in business administration from the University of Chicago and a bachelor's degree in economics from Davidson College. U.S. Robotics, Inc. is a leading designer, manufacturer and marketer of data communications hardware and software. U.S. Robotics' product lines include Shared Access resource-sharing products for remote LAN access, the Total Control modem management system for central data sites, BLAST software products for terminal emulation, file transfer and remote control, Courier modems for corporate users, WorldPort portable modems for traveling professionals, and Sportster modems for small business, home office and entry-level users. Both corporate headquarters and manufacturing operations are based in Skokie. U.S. Robotics owns and operates Miracom Technology Ltd., Slough, England, and U.S. Robotics, s.a., Lille, France. The company markets its products to business, industry, government agencies and original equipment manufacturers. -0- 3/5/92 /CONTACT: Karen Novak of U.S. Robotics, 708-982-5244/ (USRX) CO: U.S. Robotics, Inc. ST: Illinois IN: CPR SU: PER SH -- NY057 -- 5505 03/05/92 13:52 EST
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|Date:||Mar 5, 1992|
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