The Fairchild Corporation Announces Management Change
15 Dezember 2008 - 1:30PM
Business Wire
The Fairchild Corporation (NYSE:FA) announced today that Eric
Steiner, its Acting Co-Chief Executive Officer, President and Chief
Operating Officer, resigned effective Friday, December 12, 2008.
Mr. Steiner indicated that following the recent passing of his
father, he intends to primarily focus on family and other
investment opportunities. No replacement for Mr. Steiner is
expected to be made; however, Mr. Steiner will remain as a Director
of the Company. Phillip Sassower, Chairman of the Company, will
retain his title of Acting Chief Executive Officer. About The
Fairchild Corporation The business of Fairchild consists of three
segments: PoloExpress, Hein Gericke and Aerospace. Fairchild�s
PoloExpress and Hein Gericke businesses design and sell motorcycle
protective apparel, helmets and a large selection of technical
accessories for motorcyclists. Together, Hein Gericke and
PoloExpress operate 234 retail shops in Germany, the United
Kingdom, Austria, Belgium, France, Italy, Luxembourg, the
Netherlands, Switzerland and Turkey. Fairchild�s aerospace segment
is engaged in the aerospace distribution business which stocks and
distributes a wide variety of parts to operators and aerospace
companies providing aircraft parts and services to customers
worldwide. Additional information is available on The Fairchild
Corporation web site (www.fairchild.com). This news release may
contain forward looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21 E of
the Securities Exchange Act of 1934, as amended. The Company�s
actual results could differ materially from those set forth in the
forward-looking statements, as a result of the risks associated
with the Company�s business, changes in general economic conditions
and changes in the assumptions used in making such forward-looking
statements.
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