J. DOUGLAS JOHNSON RESIGNS CHIEF EXECUTIVE POST AT ROWE INTERNATIONAL CORP.
GRAND RAPIDS, MI - J. Douglas Johnson announced his resignation as Rowe International Corp.'s president and chief executive effective January 30, 2005. Jeff Martin, president of Harbour Group's entertainment companies, will oversee day-to-day operations until a new chief executive is named.
Johnson was appointed to his position five years ago and came to Rowe from G.S. Blodgett Corp., a world leader in commercial appliances. During his five years at Rowe, Johnson guided the company through a Chapter 11 financial reorganization, sale to St. Louis-based Harbour Group and transformation into a technology-based digital jukebox concern with the launch of AMI Entertainment.
"My tenure at Rowe has been one of the more interesting, challenging and rewarding periods of my business career," Johnson said. "The past five years have been highlighted by imposing financial issues and the emergence of a completely new technology. Now the company is entering an era of great expectations with the launch of AMI Entertainment. However, I do have other business interests and felt the company had reached a point where the time was right to make this decision."
Johnson continued: "I am proud of what Rowe has accomplished and would like to take this opportunity to thank distributors, operators and other industry members for their support and dedication to the Rowe brand. I am looking forward to following the growth and success of Rowe and AMI with great pride."
The material here is from "Ahead of the Times, VT MUSIC & GAMES," an electronic supplement that instantly delivers the latest news in the coin-op music and games industry. If you would like to receive Ahead of the Times by e-mail, or know someone who would, send a request along with the recipient's e-mail address and company name to firstname.lastname@example.org; Subject: "SUBSCRIBE: AHEAD OF THE TIMES MUSIC & GAMES." Subscriptions to the newsletter may only be requested by e-mail. Your request may not be fulfilled if the subject line field is incorrect or incomplete.