Dataproducts Chief Resigns
Dataproducts Corp. announced Thursday that President and Chief Executive Charles A. Dickinson, 62, resigned after four years in the job.
The company, which manufactures printers for the computer industry, did not elaborate on his departure. Chairman Graham Tyson, reached at the company’s Woodland Hills headquarters, declined to comment, except to note that Dickinson’s announcement was made at a regular meeting of the board.
Tyson, 62, who founded the company 23 years ago, will assume Dickinson’s responsibilities, according to the company’s brief announcement. Asked whether that would be permanent, Tyson said: “We’ll have to see how the board likes my performance.”
Dataproducts recently reported that it expected earnings for the fourth quarter ended March 30 to fall 50% from the previous year’s quarter to $5.3 million on a 10% decline in sales to $113.8 million. The company blamed an industrywide slump and increased marketing costs.
NATION
Manufacturers Hanover, the nation’s fourth-largest bank holding company, announced a major corporate realignment and named five executive vice presidents to head new divisions. They are: Douglas E. Ebert, investment banking; Albert R. Gamper, commercial finance, real estate and leasing; Donald G. McCouch, foreign operations; Donald H. McCree, corporate banking, and Edward D. Miller, retail banking.
The New York bank holding company also said President Harry Taylor is taking early retirement at age 58 to return to his native England. He will be replaced by John R. Torell III, who will retain his current title of president of Manufacturers Hanover Trust. The firm said Taylor’s departure is unrelated to the reorganization.
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