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Executives Shifted By Gelman Firm

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Parent Issue
Day
26
Month
March
Year
1974
Copyright
Copyright Protected
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Donated by the Ann Arbor News. © The Ann Arbor News.
OCR Text

Executives Shifted By Gelman Firm

By Dan McLeister

(Business-Labor Reporter)

Raymond Strohm, president and chief executive officer of Gelman Instrument Co., has resigned after less than three years at the locally based manufacturing firm.

Charles Gelman, previously chairman of the board, has become president and chief executive officer.  Gelman, who founded the company 16 years ago, had been president until November, 1970.

Strohm told The News that the resignation was due to differences in management philosophy.

Both Strohm and Gelman said that there was no connection between this change of officers and that in 1970.

When Strohm came in 1971, it was the second change in executives in six months. At that time the company was suffering some financial difficulties.

But this morning Gelman told The News that the company was in very sound financial condition, profitable and growing.

Replacing Gelman as chairman of the board and Chairman of the company’s executive committee is Charles Jay, one of the founders of the company who had previously served as a director. Gelman said Jay will remain in New York and will not be active in the day-to-day management of the company.

Gelman said three years is a shorter than usual term for a president but personal objectives and situations change. He said Strohm resigned to enable him to pursue his personal interests.

Strohm will remain a director and serve as a consultant to the company for a few months. Strohm told The News he had no plans for another job.

When asked if his assumption of the presidency was on an interim basis until another chief executive was found, Gelman said “we don’t contemplate any other changes.”