07/30 07:02 *GRAHAM-FIELD <GFI.N> SAYS IRWIN SELINGER RESIGNS AS CHAIRMAN/CEO
HAUPPAUGE, N.Y., July 30 (Reuters) - Graham-Field Health Products Inc. said Thursday it had named Rodney Price, chairman of Thistle Hotels Plc <THO.L>, as its chairman and chief executive.
Price, who is also a consultant to Brierley Investments, succeeds Irwin Selinger, who resigned as chairman and chief executive officer of Graham-Field, effective today, the company said in a statement.
Brierley holds about 24 percent of the voting power of the capital stock of Graham-Field, it said.
The company did not say whether Price would remain chairman of Thistle Hotels. Graham-Field officials were not immediately available for comment.
Graham-Field said Paul Bellamy, its chief financial officer, will act as interim president and chief operating officer until the hiring of a new COO and president.
Graham-Field said it will expand its board of directors to include J. Rex Fuqua, a former Graham-Field director and a former chairman of Fuqua Enterprises Inc. Currently, J. Rex Fuqua and his family own shares of common stock of Graham-Field representing about 9 percent of the voting power of the company's capital stock. |
