Tecumseh Products Company Announces Management Changes
TECUMSEH, Mich., Aug. 23 /PRNewswire/ -- Tecumseh Products Company (Nasdaq: TECUA, TECUB) announced that David W. Kay was appointed as Vice President, Treasurer and Chief Financial Officer, and Michael R. Forman was appointed as Vice President and Director of Human Resources.
Mr. Kay, a certified public accountant and currently the Company's
Corporate Controller, began his career as a public accountant, and from 1980
until joining the Company in 1999, worked for Sharon Steel Corporation
(Sharon, PA) and RTI International Metals (Niles, OH) in a variety of
accounting and finance positions.
Mr. Forman, an attorney, and currently the Company's Assistant Corporate
Director-Industrial Relations & Personnel, worked in private practice in
Memphis, TN and for a real estate and investment company in Clarksdale, MS for
18 years prior to joining the Company in 1990.
The appointments are effective October 1, 2001 upon the retirements of
John H. Foss (the Company's current Vice President, Treasurer and Chief
Financial Officer) and Wallace G. Stubbs (the Company's current Vice President
and Director of Human Resources) pursuant to the Company's previously
announced early retirement program for North American salaried employees.
Mr. Foss will continue as a Director of the Company.
James E. Martinco, the Company's Group Vice President, Engine & Power
Train Operations, is also retiring at the end of September, 2001 and the
Company has commenced a search for a successor.
Tecumseh Products Company is a full-line independent global manufacturer
of hermetic compressors for air conditioning and refrigeration products,
gasoline engines and power train products for lawn and garden applications,
and a diversified line of pumps.
Source: Tecumseh Products Company LLC