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Biotech / Medical : RXSD Rexall Sundown

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To: Philip W. Dunton, Jr who wrote (240)1/20/1999 9:22:00 PM
From: Adelantado  Read Replies (1) of 327
 
The Market giveth and the Market taketh away...

The market sold on the following news:

BOCA RATON, Fla., Jan. 20 /PRNewswire/ -- Rexall Sundown, Inc. (Nasdaq: RXSD) today announced the appointment of Glenn Hagan to the position of Vice President, Supply Chain, reporting directly to Gerald T. Holly, Executive Vice President of Operations. In this newly created position, Hagan will be responsible for several key operational functions including purchasing, procurement and forecasting, as well as operations and production planning.

"With more than 20 years of experience in materials and supply chain management in diverse industries, Glenn is a seasoned professional whose broad-based operational background is a perfect match to our needs," Holly stated. "

Anyone have an idea why?

Joe
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