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
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
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