Special Devices, Inc. Names New Chief Executive Officer
23 September 1999
Special Devices, Inc. Names New Chief Executive OfficerMOORPARK, Calif., Sept. 22 -- Special Devices, Inc. (SDI), a leading designer and manufacturer of highly reliable, precision-engineered pyrotechnic devices for the aerospace and automotive industries, has named Thomas W. Cresante Chief Executive Officer. Mr. Cresante has a prestigious manufacturing management background with over 28 years of experience. He has held various executive management positions with major automotive components suppliers such as TRW, Allied Signal, Rockwell International and ITT. As a senior executive of several of the world's leading manufacturers of occupant restraint systems including airbags and seatbelts, Mr. Cresante is extremely familiar with SDI's market, products and key customers. Mr. Cresante will replace current CEO, George A. Sawyer, who will step down on September 27. Mr. Sawyer will continue with his position on SDI's Board of Directors as Chairman of the Executive Committee. "We have been especially fortunate in recruiting Tom to SDI. Tom is well-known and respected throughout our industry and, in particular, with our major automotive customers," Sawyer said. "He is a strong advocate of 'World Class Manufacturing' techniques related to both automotive and aerospace processes. My associates and I at J. F. Lehman & Company are convinced that these advanced techniques in modern manufacturing, when fully put in place at SDI, will take our business to new heights," Sawyer added. Special Devices, Inc. (SDI) is a leading designer and manufacturer of highly reliable, precision-engineered pyrotechnic devices for the aerospace and automotive industries. The Company is dedicated to supplying its customers with products that meet their stringent requirements while maintaining the highest level of quality, reliability and innovation. SDI is a privately held corporation whose principle shareholders are affiliates of J. F. Lehman & Company. For more information regarding SDI, contact 805-553-1200. This release contains forward-looking statements relating to business growth at SDI. These forward-looking statements are based on current expectations and involve various risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements. SDI undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.