Bossard Earnings Double
February 01
00:00
2005
Bossard Earnings Double
Jason Sandefur
Bossard’s net profit doubled in 2004 to about 18 million Swiss francs ($15.2 million), the Swiss fastener maker reported. Full-year sales rose 18.2% to 497 million Swiss francs. Bossard stock gained almost 30% during the year.
The year also delivered some traumatic news for the company. Longtime CEO Heinrich Bossard, 61, died in a plane crash off the coast of New Zealand in December. Bossard”s widow, Silvia Bossard-Eichenberger, was injured in the crash and continues to recover at her home in Switzerland.
Bossard promoted CFO David Dean to lead the company, and named controller Stephan Zehnder as CFO. Web: bossard.com �2005 FastenerNews.com
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