Nannaco CEO resigns from firm
San Antonio Business Journal - March 15, 2004
San Antonio-based Nannaco Inc. (OTCBB: NNCO), on Monday announced that Andrew DeVries III has resigned from the firm as chairman and chief executive officer effective immediately.
Meanwhile, the board of directors has selected Steve Careaga to fill the role of CEO. Careaga was the founder and CEO of several ventures throughout his career, including Harbor Medical Inc., a medical products distribution company.
DeVries says part of the reason for his departure is that his business strategy is better suited for the private company environment.
"It has become clear to me over the past few months that Nannaco is not the best vehicle for my personal growth and business strategy, which stresses a diverse mix of consulting services for varied industries and companies," DeVries adds.
"Nannaco and the public markets need the communication of and leadership in a simple, effective business strategy. Steve Careaga is an excellent choice by the board of directors in pursuing this near term goal," DeVries says.
Nannaco is a project development and consulting firm.
ANDREW DEVRIES, III is President and Principal Shareholder of Nannaco, Inc. He
founded Nannaco in 1998 and has served as President since that time. Mr. DeVries
develops the policies and objectives of Nannaco. He manages market planning,
advertising and public relations, and he directs sales and distribution. Prior
to this, Mr. DeVries was Sales Director for Internet Direct, Inc. in San Antonio
from 1994 to 1997. In 1993, Mr. DeVries founded DeVries and Associates, a
financial services company and served as its president until the founding of
Nannaco. Mr. DeVries holds a Bachelor of Arts from North Texas State University
and a Master of Arts from the University of North Texas |
