|
|
 |
 |
 |
 |
Holland, MI (January 31, 2001) - Clarion Technologies, Inc. (NASDAQ: CLAR) today announced that it has named Thomas Wallace as the Company's Chief Operating Officer.
Mr. Wallace joins Clarion Technologies after four years with automotive supplier Johnson Controls, Inc. and 14 years with Prince Corporation, which was acquired by Johnson Controls in 1996. From August 2000 until joining Clarion, he served as Johnson Controls' General Manager of Joint Ventures. Prior to last August, Mr. Wallace for four years was a General Manager for Interiors Europe, overseeing operations that generated $250 million in revenues. In this capacity, he was responsible for manufacturing, purchasing, human resources, finance, and information technology at six facilities in England, France, Sweden and Belgium. Mr. Wallace earned his bachelor's degree in business at Ferris State University and an M.B.A. from the University of Michigan.
Clarion President Bill Beckman said, "Tom's extensive industry experience in operations both domestically and internationally makes him a key addition to our management. Tom also will prove an asset in the area of integration following mergers and acquisitions' experience we will leverage to further streamline the operations we have built through acquisition during the past 24 months."
On joining Clarion, Mr. Wallace said, "The Company's leadership and business model is what attracted me to Clarion Technologies. I believe Clarion's innovative approach as a supplier should prove very successful, and I look forward to playing a role in that success."
Clarion Technologies, Inc. operates six manufacturing facilities and a technical design center with a total of approximately 700,000 square feet located in Michigan, Ohio and South Carolina. Clarion's manufacturing operations include 150 injection molding machines ranging in size from 50 to 5000 tons of clamping force. The Company's headquarters are located in Holland, Michigan.
| For further information |
| Investor Contact: |
 |
James Hostetler
Vice President-Investor Relations
(847) 490-6063
|
| Media Contact: |
|
Nick Thole or Michael Zalewski
Seyferth Spaulding Tennyson Inc.
(800) 435-9539 |
Except for historical information, this news release contains certain forward-looking statements that involve unknown risks and uncertainties which may cause actual results to differ materially from any future results, performance or achievements expressed or implied by the statements made. Such risks and uncertainties include, but are not limited to, uncertainties regarding the marketing of its products, the availability of funds for ongoing operations and further development or acquisition activities and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. There is no assurance that the Company will be successful in achieving its goals.
View Terms and Conditions of Use and Privacy Policy. Copyright © 2006 Clarion Technologies, Inc. All Rights Reserved. Users of this site agree to be bound by the Terms and Conditions of Use. |
|