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Argus To Elect Officers Monday

Argus To Elect Officers Monday image
Parent Issue
Day
26
Month
November
Year
1949
Copyright
Copyright Protected
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Donated by the Ann Arbor News. © The Ann Arbor News.
OCR Text

Argus To Elect Officers Monday New Board Will Hold Organization Meeting Members of the newly elected board of directors of Argus, Inc., will meet. at the plant at 2:30 Mon-^ day :'""--'-inon to elect company offi i lay plans for the sta- bilization of operations and em- ployment. I A new president, executive vice- president and general manager nrnhqbii, ,viu ^ elected Monday. I ;ions of president, gen-J Ciai ^luncio'er and chairman of thef board are now vacant. ^ George Burke, sr., recently! served as temporary board chair^| man, but his tenure of office endedf following the hectic annual stock- holders meeting last week. Six Of Eight Seats At that session, which lasted two days and two (he local management gror -six of the eight positions on the board of di- rectors. The meeting Monday climaxes a turbulent period for the local firm. During the past year a vice-presi- dent was killed in a plane crash, a board chairman was fatally burned in a fire, and the presi- dent of the company resigned, re- ported by request of the directors. The company and eight officers and former officers were named defendents in a million dollar stockholder's suit which is still pending. Despite the serious financial dif- ficulties of the past year, opera- tions since April have been on a profitable basis, a company report Sapws.