Colorado Springs--Nov. 18, 1997--MINC Inc. (Colorado Springs) announced that Robert Jensen, MINC's former COO, has been elected to serve as the company's CEO by MINC's board of drectors. Other key managementannouncements were made as John Frothingham was elected CFO, David Still was named vice president of engineering and GlennOlsen was named as the new vice president of quality assurance. Additionally,the board restructured MINC France to become a branch of MINC InternationalCorp. and named Philippe Renault as branch manager.
Jensen was elected as MINC's COO on October 8, 1996. During his12 months in this position, he lead the company to exceed its fiscal year1997 revenue and profit expectations, secured another round of financing,successfully integrated MINC's French branch into the corporate operations, andrecruited several key managers to position MINC for future growth. Prior tojoining MINC, Jensen served as treasurer for a billion dollar, privatelyheld petroleum products and electronics manufacturing company, where he playeda key role in business acquisitions totaling more than $250 million. He wasalso a co-owner and vice president of finance at Somerset Technologies Inc.,a manufacturing company created through a management buyout of a division ofthe former Midland-Ross Corp. Jensen has an MBA from IndianaUniversity and is a Certified Public Accountant (CPA).
Along with Jensen's new appointment, the board announced that JohnFrothingham, who held the position of director of finance and administrationfor MINC, will become CFO for the company. Frothingham's broad industry experience and strong accounting, tax, software,and system skills coupled with his proven performance at MINC have preparedhim to assume complete financial responsibility for all of MINC's worldwideoperations.
Before joining MINC, Frothingham was the financial controller at Glunz& Jensen, A/S, where he was responsible for all corporate financialmanagement and reporting. Prior to Glunz & Jensen, Frothingham heldpositions as the director of finance and administration at Response Dynamicsand senior tax consultant at Price Waterhouse. He received a BA from JamesMadison University and an MS in Accounting from the American University, andis a CPA.
David Still will assume the position of vice president of engineering.Still joins MINC after serving as vice president of engineering at ArrayMicrosystems, a microelectronics company in Colorado Spring, where he wasresponsible for the technical direction and management for the development ofArray's entire product line including multimedia chips, reference boarddesigns and support/application software for the PC market. Additionalresponsibilities included strategic planning, technical program management, andmarketing support. Prior to Array, he held engineering positions at PrismaSupercomputers and Honeywell. Still has published numerous technicalpapers and holds two patents. He has a BSEE from the University ofNebraska and an MSEE from Arizona State University.
The board has created a new position--vice president ofquality assurance--and named Glenn Olsen to assume this new role. Olsenwill be responsible for all quality assurance processes and programsworldwide. Olsen has made significant contributions at MINC for more thanseven years. Before joining MINC, he served as the manager of the PLDSoftware Development and Programming Support group at National Semiconductor.Prior to that, he held various strategic and tactical marketingpositions at National/Fairchild. He holds a patent for a system and methodfor partitioning PLD product terms into distinct logic groups, and hascontributed numerous articles for major industry trade shows. Olsen has aBSEE from MIT.
Philippe Renault is now the branch manager of MINC's operation inGrenoble, France. Renault previously held the position of sales managerand was responsible for European sales and marketing management, regionaloffice development, and maintaining MINC's European VAR network. Beforejoining MINC, Renault served in the capacities of business manager, areasales manager and European sales manager for several large software companiesin France including Xerox Information System and Network. He holdstwo university degrees in business and marketing as well as the Frenchequivalent of an MBA.
Colorado Springs, CO
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