Recoton Names Arnie Kezsbom Chief Financial Officer
17 May 1999
Recoton Names Arnie Kezsbom Chief Financial Officer
LAKE MARY, FL--May 17, 1999--The Board of Directors of Recoton Corporation (Nasdaq National Market: RCOT) announced that Arnie Kezsbom has been promoted to the position of Senior Vice President-Finance and Chief Financial Officer for Company, effective May 5, 1999. In his new position, Mr. Kezsbom, 47, will be responsible for the planning, implementing and administering the Corporation's financial and accounting operations.Robert L. Borchardt, President and CEO, in making the announcement stated, "We are grateful to have a person with such talent and experience become our Chief Financial Officer. Arnie has the history, proven experience and financial industry background to lead our Company into the future. His varied background and experience within Recoton will enable him to properly oversee our operational needs and provide the necessary financial support for future growth."
Mr. Kezsbom had served as Vice President-Financial Planning for Recoton since 1995 and as a Vice President of Recoton Canada Ltd. since 1994. He was Vice President, Sales and Marketing of the Ambico and Discwasher divisions from 1992 until 1995. Mr. Kezsbom was Vice President was Vice President/General Manager of Ambico, Inc. from 1991 until it was acquired by Recoton in 1992.
Mr. Kezsbom replaces Stuart Mont, who held the position of Chief Financial Officer since 1992. Mr. Mont remains an active member of the Recoton management team as an Executive Vice President and Chief Operating Officer, positions he has held since 1993.
Recoton Corporation is a global leader in the development, manufacturing and marketing of consumer electronic accessories, loudspeakers and car audio products. Recoton's more that 4,000 products feature highly functional accessories for audio, video, car audio, camcorder, multi-media/computer, home office, cellular and standard telephone, music and video game products and 900MHz wireless technology headphones and speakers. They are sold under the AAMP(R), Ambico(R), Ampersand(TM), AR(R)/Acoustic Research(R), Calibron(R), Discwasher(R), InterAct(TM), Parsec(R), Peripheral(TM), Performance(R), Recoton(R), Rembrandt(R), Ross(TM), SoleControl(R), SoundQuest(R), Stinger(R) and STD(TM) brand names. The Recoton Audio Group produces and markets audio components, high fidelity loudspeakers, home theater speakers, and car audio speakers and components which are sold under the Advent(R), AR(R)/Acoustic Research(R), HECO(TM), Jensen(R), MacAudio(TM), Magnet(R), NHT(R) (Now Hear This), and Phase Linear(R) and Recoton(R) brand names.
Safe Harbor Notice - Please note that this release may contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. Such statements speak only as of the date made. Please refer to the Company's Form 10-K and other SEC filings.