finance.yahoo.com
Ballantyne Strong Announces Departure of Chief Executive Officer Gary Cavey
Ballantyne Strong, Inc. 4:00 PM EDT
OMAHA, Neb.--(BUSINESS WIRE)--
Ballantyne Strong, Inc. (NYSE MKT: BTN), a diversified provider of digital technology services, products and solutions, today announced the departure of Gary L. Cavey from the positions of Director, President and Chief Executive Officer of the Company effective Friday, May 8, 2015. Chris D. Stark, who has served as Senior Vice President and Chief Operating Officer of Ballantyne Strong since May 2010, has been appointed President of Ballantyne Strong.
“We believe there is significant opportunity to improve financial performance at Ballantyne Strong,” said D. Kyle Cerminara, Board Member of Ballantyne Strong and CEO of Fundamental Global Investors. “Ballantyne has an 80-year track record of providing innovative products and services to the cinema industry, and has built strong capabilities in the areas of digital media and managed services. We are looking forward to working with Chris Stark, the senior management team and the newly comprised Board of Directors to enhance shareholder value. We wish Gary Cavey good luck in his future endeavors.”
“We would like to thank Gary Cavey for his service to Ballantyne Strong,” said Samuel C. Freitag, Chairman of the Board of Directors of Ballantyne Strong. “We have great confidence in Chris Stark to work with the other members of our senior management team to ensure that we maintain a high level of execution and customer service.” |
