LOS ANGELES Aerospace manufacturer TECT Corp. has named Robert Cohen president and chief executive officer, succeeding Kenneth Glass.
Cohen was previously president of the Thomasville, Ga.-based companys TECT Power unit.
Meanwhile, TECTs parent company, UCA Holdings Inc., Asheville, N.C., has named Bernie Stanek to the new position of chief administrative officer.
Both Stanek and Cohen report directly to Glass, who remains chairman of the board for both TECT and UCA Holdings.
The TECT board recently approved "a strategic plan focused on capital investment" that will continue the companys practice of "reinvesting virtually all of its free cash flow into manufacturing technologies and capacity expansion," the company said.
TECT also said it has completed the arrangement of a new credit facility, "which provides the necessary access to capital required" to finance its growth.
A TECT spokesman couldnt be reached for further comment.
TECT, whose specialties include aerostructures and turbine engine components, said it has annual revenues of more than $450 million and 2,000 employees.