ASHA Corporation Announces the Retirement of Clenet As Chairman and Chief Executive Officer
13 January 1998
ASHA Corporation Announces the Retirement of Clenet As Chairman and Chief Executive OfficerSANTA BARBARA, Calif., Jan. 13 -- ASHA Corporation announces the retirement of Alain J-M Clenet, effective immediately. Mr. Clenet was founder of ASHA and until his retirement was Chairman and C.E.O. of the Corporation. His responsibilities will be handled by current President and C.O.O., Mr. Jack McCormack. In a related transaction, Mr. Clenet has sold a majority of his interest in the company to Mr. Lawrence Cohen, a director of the Company, and to several other independent investors. Mr. Clenet has agreed to be available for consulting for ASHA Corporation and remains a share holder. ASHA Corporation is headquartered in Santa Barbara, California. The stock is traded on the NASDAQ SmallCap Market (Symbol: ASHA). Visit ASHA's Website at http://www.ashacorp.com for additional information. SOURCE ASHA Corporation