- Global technology services, manufacturing executive to lead parent
company of premium consumer electronics brands -
TOKYO, April 25 /PRNewswire/ -- D&M Holdings Inc. (TSE II: 6735) today
named Eric C. Evans the co-chief executive officer and representative
executive officer of D&M Holdings, effective today.
D&M Holdings owns the Denon, Marantz, McIntosh Laboratory, Boston
Acoustics(R), Snell Acoustics, D&M Professional, ReplayTV(R) and Escient(R)
brands.
Mr. Evans, 53, an industrial partner of Ripplewood Holdings, is the
former president and chief operating officer of Diebold, Inc., a
$2.6-billion global technology product and services company. Prior to
joining Diebold, Mr. Evans was a group vice president in the climate
technologies area of Emerson, an industrial technology and engineering
leader.
Mr. Evans eventually will succeed Tatsuo Kabumoto as CEO of D&M
Holdings. Mr. Evans also will join the board of directors as chairman of
the board pending shareholder approval at the company's annual meeting in
June. Mr. Kabumoto, who has served as CEO of D&M Holdings for nearly four
years, has announced his desire to retire. He will work closely with Mr.
Evans as Co-CEO for a period of time, then stay on as an advisor to the
CEO/Chairman. Mr. Kabumoto will remain on the D&M Holdings board of
directors.
Vic Pacor, president and chief operating officer of D&M Holdings, will
continue in that position and report to Eric Evans.
Merle Gilmore, current chairman of D&M Holdings, said, "Eric is a
seasoned top executive who has managed technology-intensive companies
during periods of solid international growth. He is both a strategic
visionary and operational expert who has lived in Tokyo and speaks
Japanese. We are very pleased that Eric is joining D&M Holdings." Mr.
Gilmore is retiring as chairman of the board at D&M Holdings, effective in
June.
Before joining Emerson, Mr. Evans worked in strategic consulting,
initially with Bain & Co. and then in his own practice. He is a JD/MBA
graduate of the Harvard Business and Law Schools and has an undergraduate
degree in East Asian studies from Harvard College.
"I am thrilled to be taking on this important role at D&M Holdings,"
Mr. Evans said. "The company has made great strides in building a strong
portfolio of brands and solid operating base, and it's well positioned to
take advantage of the many changes that the industry is experiencing. I
look forward to leading the company to even greater growth," he said.
About D&M Holdings Inc.
D&M Holdings Inc. (TSE II: 6735) is based in Tokyo and owns the Denon,
Marantz, McIntosh Laboratory, Boston Acoustics(R), Snell Acoustics, D&M
Professional, ReplayTV(R) and Escient(R) brands. Denon, Marantz, McIntosh
and D&M Professional are global industry leaders in the specialist home
theater, audio/video consumer electronics or professional audio markets,
with a strong and long-standing heritage of manufacturing and marketing
high-performance audio and video components. Boston Acoustics, with its
signature The Boston Sound, (TM) is a leader in premium loudspeakers for
home and audio markets. Snell is a super premium speaker brand. The
ReplayTV and Escient brands represent award-winning technologies in digital
home entertainment. Additional information is available at
http://www.dm-holdings.com .
Statements in this news release regarding D&M Holdings Inc. that are
not statements of historical fact may include forward looking statements
regarding future events or the future financial performance of the company.
We wish to caution you that such statements are just predictions and that
actual events or results may differ materially. Forward looking statements
involve a number of risks and uncertainties surrounding the integration of
the company's acquisitions, competitive and industry conditions, targeted
cost savings programs, market acceptance for the company's products,
technological changes, developing industry standards and other factors
related to the company's businesses.
SOURCE D&M Holdings Inc.
back to top
