Coherent to begin CFO search
LEESBURG, Va.--(BUSINESS WIRE)--May 6, 1997--Coherent
Communications Systems Corporation (NASDAQ:CCSC) today announced that
Michael P. Gendron, Chief Financial Officer, has left the Company to
pursue personal interests. Mr. Gendron said, "During my tenure, we
have upgraded the financial staff and have created an atmosphere of
prudent risk taking, creative problem solving and an overall
challenging and enjoyable environment. We have established the basic
requirements for sound financial control in an international
environment."
Daniel L. McGinnis, CEO, commented, "Mr. Gendron is leaving
Coherent with no debt, positive cash flow, conservative accounting
practices and a trained and enthusiastic financial team. He has our
thanks for his dedication to Coherent over the past several years."
Mr. Gendron's responsibilities will be assumed by Joan E. Cominski,
Corporate Controller, who has been named acting Chief Financial
Officer. The Company has begun a search to find and qualify a
candidate for its Chief Financial Officer position. Recruiting
activities are being conducted by Michael Shepelak, Director of Human
Resources. |
