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Article: Aduddell Industries, Inc. Announces Cost Reduction Measures and Changes in Senior Management.
- Article from:
- Business Wire
- Article date:
- September 7, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OKLAHOMA CITY -- Aduddell Industries, Inc. (OTCBB: ADDL.OB) ("Aduddell" or "the Company"), today announced that in its continued effort to reduce overhead, the Company has significantly decreased staffing at the corporate level and the Board of Directors has unanimously accepted the resignations of Stan G. Genega, President and CEO and Reggie Cook, CFO, effective immediately. Mr. Genega has also resigned his position on the board.
Tim Aduddell, the Company's founder and current Chairman & COO, has been named the President and CEO of Aduddell Industries, Inc. In naming Mr. Aduddell CEO, the Board pointed to the excellent leadership and the strong top and bottom ...