Ruck Replaces Baldwin at Pentacon; Headquarters Moving to California
Ruck Replaces Baldwin at Pentacon; Headquarters Moving to California
John Wolz
Mark Baldwin resigned as chairman & CEO of Pentacon Inc. and the board elected aerospace group president Rob Ruck as CEO. Outside director and co-founder Cary Grossman was elected chairman.
Pentacon also announced it will move its corporate office from Houston to Chatsworth, CA, to reduce expenses.
Ruck joined Pentacon last fall. The West Point graduate had been vice president/general manager for business and general aviation at Honeywell Aerospace.
Grossman is a managing partner in the investment banking firm of McFarland, Grossman & Company.
Baldwin was involved in putting together the five fastener distributorships and the Pentacon IPO in March 1998.
Pentacon reported 1st quarter 2001 revenue dropped 4% from last year to $71.3 million and net income dropped from $400,000 for the opening quarter of 2000 to $100,000 for the same period this year.\
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