Bell Industries Announces New Chief Executive Officer
03 Oktober 2005 - 2:20PM
Business Wire
Bell Industries, Inc. (AMEX:BI) today announced that the board of
directors has appointed director John A. Fellows as president and
chief executive officer of the company. Fellows succeeds Russell A.
Doll, who was named acting president and chief executive officer in
September 2004. Fellows, 41, was elected to Bell's board of
directors in May of 2005. Prior to his appointment as president and
chief executive officer, Fellows was a private investor. From
August 1998 to April 2004, he served as chief executive officer of
RMH Teleservices, Inc., a publicly traded international provider of
technology related services, which was acquired by NCO Group, Inc.
in April 2004. Prior to joining RMH, Fellows served in management
roles with PepsiCo, PageNet and TeleQuest. "I am very pleased to
have the opportunity to lead Bell Industries. I will utilize my
domestic and international experience to leverage the company's
strong and diverse business units while working with talented
associates to realize the full potential of this organization,"
Fellows said. Mark Schwarz, Chairman of Bell Industries, Inc.,
said, "We are delighted to introduce John Fellows and are confident
he is the right individual to guide Bell's growth strategy in the
years ahead. We wish Russ Doll well in his future endeavors and
thank him for his contributions to the company over the past seven
years. Moving forward, our objective as a board and management team
is to enhance shareholder value, and we will work diligently toward
meeting that goal." Fellows earned his bachelor's from Texas
A&M University and his masters in business administration from
Loyola College. About Bell Industries, Inc. Bell's primary
business, the Tech.logix Group, offers a comprehensive portfolio of
technology products and managed lifecycle services, including
planning, product sourcing, deployment and disposal, and support
services. Support services include help desk support, desk side
support, technical maintenance services and reverse logistics and
depot services. Bell also distributes after-market parts and
accessories to the recreational vehicle market and manufactures and
sells standard and custom magnetic components used in electronic
applications for computer, medical, lighting and telecommunication
equipment. Forward-Looking Statements Statements in this press
release may be "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. These
statements are based on current expectations, estimates and
projections about the company's business based, in part, on
assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially from
what is expressed or forecasted in such forward-looking statements
due to numerous factors, including those described above and those
risks discussed from time to time in the company's filings with the
Securities and Exchange Commission, including Factors That May
Affect Future Results of Operations included in the Form 10-K for
the year ended December 31, 2004, and Management's Discussion and
Analysis of Financial Condition and Results of Operations in the
Form 10-K for the year ended December 31, 2004, and the Form 10-Q
for the quarter ended June 30, 2005. In addition, general industry
and market conditions and growth rates, and general economic
conditions, could affect such statements. Any forward-looking
statements speak only as of the date on which they are made, and
the company does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after
the date of this release.
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