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INSIGHT TEMPE, Arizona, USA Personnel Promotions Also Announced Simula, Inc. (AMEX: SMU) announced today the reorganization
of its Aerospace & Defense segment into a new structure with three
market-focused business units. These three business units consist of: Aviation Safety Systems, Military Personnel
Safety Systems, and Ground Vehicle Safety Systems. "Today's announcements reflect execution of our
strategy for aggressive top line growth and building our position as the
preferred supplier of safety systems for the military of the future,"
said Brad Forst, President & CEO. Aviation Safety Systems is responsible for crashworthy
crew seating, troop seating, aircraft armor, and the Company's Cockpit
Airbag Systems (CABS(TM)). Military
Personnel Safety Systems is responsible for pilot, crew, and soldier safety
equipment such as body armor, parachutes, flotation collars, and other
body-worn vest ensembles. The
Ground Vehicle Safety Systems is initially responsible for military land
vehicle armor, and ultimately for other vehicle safety systems. The Company said that each new business unit will be
managed by a Vice President/General Manager having P&L, marketing,
program management, and customer service responsibilities that are aligned
to serve a specific set of customers within each market segment. This reorganization represents a major change to the former product
line management approach. The Company also said it is completing the recruitment
and hiring for a number of additional sales and marketing positions in
the Aerospace & Defense Group and for Simula, Inc. Personnel promotions resulting from this reorganization
include William Rogers to Aerospace & Defense Group President; Donald
A. Dutton to VP and General Manager of Aviation Safety Systems; and Dale
J. Kennedy to VP and General Manager of Military Personnel Safety Systems. The Company said it is completing recruitment
for the Ground Vehicle Safety unit position. Rogers joined Simula
in 1984 and has held a variety of operating and management positions.
Prior to joining Simula, Rogers was employed with Hughes Helicopters.
Dutton joined the Company in 1994, most recently as Product Development
Manager. Prior to his employment at Simula, he was with
Orbital Sciences Corp. and Boeing.
Kennedy has been with Simula for nine years in a variety of positions.
Prior to Simula and his academic training, he served in the United
States Air Force for 13 years. Mick Horton has been promoted to Director of Business
and Information Services. This
promotion reflects a broadening of Mr. Horton's responsibilities to encompass
all business systems within the Company. The Company's Commercial Group consists primarily of
its Automotive Safety business. This
business is currently organized as a separate P&L unit. Accordingly, the structure of the Commercial
Group remains unchanged. Simula designs and makes systems and devices that save human lives. Its core markets are military aviation safety, military personnel safety, and land vehicle safety. Simula's core technologies include inflatable restraints, energy-absorbing seating systems, advanced polymer materials, lightweight transparent and opaque armor products, personnel protective equipment and emergency bailout parachutes. For more information, Click here
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Source: Simula - Shareholder.com
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