George Risk Industries Inc. Announces Management Changes
March 08, 2013 at 01:25 pm
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George Risk Industries Inc. announced the death of Kenneth R. Risk. Ken passed away February 27, 2013 after a brief battle with pancreatic cancer. Upon the death of his father George Risk in 1989, Ken assumed the duties of President and CEO of the company amid a hostile takeover.
On March 5, 2013, the company's Board of Directors elected Stephanie Risk-McElroy, already a member of the Board of Directors and the Chief Financial Officer, to serve as President and Chairman of the Board. Stephanie will continue to serve as Chief Financial Officer. In addition Bonnie Risk, Ken Risk's wife, was elected to the Board of Directors.
George Risk Industries, Inc. is a manufacturer of electronic components. The Company is engaged in the designing, manufacturing, and sale of custom computer keyboards, proximity switches, security alarm components and systems, pool access alarms, EZ Duct wire covers, water sensors, electronic switching devices, high security switches and wire and cable installation tools. Its segments include security alarm products, cable & wiring tools and other products. It also designs and manufactures a range of professional specialty tools for wire and cable installation, which include installation, staging, vision and testing tools; drilling and cutting tools; specialty wire running, pushing and pulling systems; FiberFuse Wire Running Rods & Kits, and spanning and retrieval tools. Its security products are used in alarm system installations in the residential, commercial, industrial, and government sectors. Its specialty services include private labeling and custom manufacturing services.