Michael P. Deblasio to Retire From Loral (Stock jumps 4%)
siliconinvestor.com
Well, I guess this explains his recent sale of 80K shares at 2.12.....
MdeB, who made over a million bucks selling G* stock (bought with company issued options at 5$) at 30$ within days of the G* N. American product launch, may be "missed" by BLS, but not by me.
"NEW YORK, Mar 22, 2002 (BUSINESS WIRE) -- Loral Space & Communications (NYSE: LOR chart, msgs) announced today that Michael P. DeBlasio, first senior
vice president, will retire from the company on March 29, 2002.
"In the nearly 30 years that Michael has worked at both the `old' and the `new' Loral, he has been a tireless contributor," said Bernard L. Schwartz, chairman and
chief executive officer of Loral. "His financial acumen was a real asset as we built the company. We'll miss his sense of humor and wish him many sunny days on the
golf course."
Mr. DeBlasio, 65, previously was senior vice president and CFO of Loral. He held the position of senior vice president, finance with Loral Corporation prior to the sale
of Loral's defense electronics and systems integration businesses in 1996.
Mr. DeBlasio was also senior vice president, chief financial officer and director of Globalstar Telecommunications Limited and a director of Space Systems/Loral and
is currently a director of Loral Orion, Inc. Prior to joining Loral Corporation in 1973, Mr. DeBlasio was vice president and treasurer of Elgin National Industries, Inc.,
New York. He joined Elgin in 1969 following nine years as audit manager for Touche Ross & Company.
A 1958 graduate of St. Francis College, Brooklyn, N.Y., Mr. DeBlasio is a certified public accountant and member of the New York and American CPA societies. He
also is a member of the Boards of Trustees of Philharmonia Virtuosi, Our Lady of Mercy Medical Center, Dickinson College and St. Francis College.
Mr. DeBlasio and his wife live in Rye, N.Y., as do their daughter, son-in-law and two grandchildren. " |
