Albert A. Koch Named Pres./CEO Of Handleman Company
November 28, 2007 at 9:07 AM (PT)
HANDLEMAN COMPANY's Board of Directors has elected ALBERT A. KOCH as Pres./CEO. KOCH is succeeding STEPHEN STROME, who is retiring after nearly 30 years with the company, of which the last 16 were as CEO. STROME will will continue to consult the company. assist in accelerating its plan of returning to profitability.
Said KOCH, "The music industry is undergoing dramatic changes. This requires the Company to continue building on the significant steps STEVE and his management team have already put in place to reduce costs. At the same time we intend to pursue additional opportunities to strengthen the Company's overall performance. My focus at HANDLEMAN COMPANY will be to improve financial results, while leveraging the Company's core competencies of category management, logistics and in-store service into other avenues for growth."