Executive Changes at Orbital
24 March 2000
Executive Changes at OrbitalPERTH, Australia, March 24 Orbital Engine Corporation's Chief Financial Officer and joint Company Secretary, Mr. Peter Hatfull has resigned to pursue a career in the financial services arena. Orbital is currently engaged in an executive selection process, and will announce Mr. Hatfull's replacement in due course. Mr. John Beech, an Executive Director and Chief Financial Officer from 1989 to 1997 will assume Mr. Hatfull's responsibilities in the interim period. Orbital is a leading international developer of engine technologies using direct in-cylinder fuel injection and lean-burn systems for enhanced fuel economy and lower emissions. The company serves the worldwide automotive, marine, recreational and motorcycle markets. Headquartered in Perth, Western Australia, Orbital stock is traded on the Australian Stock Exchange (OEC), the New York Stock Exchange (OE) as well as the Berlin (ORE) and Frankfurt (OREA) Exchanges.