Homeland Security Corporation Announces Resignation of CEO and Treasurer
Homeland Security Corporation (PINKSHEETS: HSCC) announced the retirement of David Shade as CEO and Treasurer, effective June 30.
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Rhea-AI Summary
Homeland Security Corporation (PINKSHEETS: HSCC) announced the retirement of David Shade as CEO and Treasurer, effective June 30. The company expressed gratitude for Shade's two-decade contribution while looking forward to new leadership under James Werner, who has taken over immediately. Werner brings extensive experience managing industrial plants and has a background in overseeing technological advancements in construction management. The company emphasized that future performance will be guided by this new leadership.
Positive
- James Werner's appointment brings fresh leadership and perspective.
- Werner's extensive experience in managing industrial processes can enhance operational efficiency.
Negative
- David Shade's retirement may create concerns over continuity and potential experience gaps in leadership.
Details
News Market Reaction – HSCC
The recorded move for HSCC in the trading session of this news was -23.08%.
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Wrightwood, CA, July 15, 2021 (GLOBE NEWSWIRE) -- Homeland Security Corporation (PINKSHEETS: HSCC) has announced the retirement and resignation of David Shade, Chief Executive Officer and Treasurer, effective Jun 30.
“We thank Dave for his commitment and contribution to our accomplishments spanning the last two decades,” said Gary Williams, Vice President of Homeland Security Corporation. “At the same time, we look forward to furthering our performance for years to come with new leadership.”
James Werner has been identified as a successor to Mr. Shade. Mr. Werner will serve as Chief Executive Officer and Treasurer effective immediately.
Mr. Werner’s experience includes the management of industrial plants servicing government customers across multiple states. During his decades-long tenure, he executed the computerization of industrial processes. Mr. Werner also served as chief engineer to a construction company operating throughout the continental United States. As chief engineer, he managed technologies, costs, and contracts to ensure the technical function of the organization.
Forward-Looking Statements:
Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, along with statements regarding Homeland's performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those anticipated.
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