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Zoltek Management Change

  • Sunday, 23rd March 2003
  • Reading time: less than a minute

James F. Whalen, Chief Financial Officer and Secretary of the Company, has left Zoltek to pursue other business opportunities.

Mr. Whalen has served as the Chief Financial Officer and Secretary of the Company since April 2001. The Company also reported that it is undertaking a search for a successor. Zsolt Rumy, the Chairman and Chief Executive Officer of the Company, will assume the responsibilities of Chief Financial Officer on an interim basis.

Zsolt Rumy, Chairman and Chief Executive Officer of the Company, commented, “”We appreciate Jim’s contributions during the past two years and wish him success in his future endeavors. We believe that the scale of our current business and the existing financial staff with effective reporting and control systems at our operating units in the United States and Hungary will enable me to effectively serve as Chief Financial Officer until the position is filled with a permanent appointment.””

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