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Technology Stocks : Comdisco, Inc. (NYSE: CDO)

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To: KevRupert who wrote (628)3/1/2001 12:04:11 AM
From: Glenn Petersen  Read Replies (2) of 689
 
Good move on the part of CDO today. This guy has a reputation as a turnaround specialist:

Comdisco Appoints Blake Chairman, Chief Executive

Rosemont, Illinois, Feb. 28 (Bloomberg) -- Comdisco Inc., a supplier of leased computers and management services, said it named Norman Blake chairman, chief executive and president, replacing interim CEO and president Philip Hewes.

From February to October 2000, Blake, 59, was chief executive and secretary-general of the U.S. Olympic Committee. Just prior to his Olympic committee appointment, he was chairman, CEO and president of Promus Hotel Corp.

Hewes became chief executive and president in December 2000 as the company searched for a permanent chairman and CEO. He's worked at Comdisco for 23 years and will continue as both a member of senior management and the board.

The shares of Rosemont, Illinois-based Comdisco rose $1.36, or 12 percent, to $12.75 in New York Stock Exchange trading.

Feb/28/2001 16:12 ET
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