Thursday, February 20, 2003

Tristate summary

Staff and wire reports

Senior exec at Cintas leaves

One of Cintas Corp.'s senior executives has left the Mason uniform supplier.

The company confirmed Wednesday that Robert R. Buck, senior vice president and head of its uniform rental division, its largest business, resigned in January for "personal reasons" after 20 years with the company. Buck couldn't be reached for comment.

A spokeswoman said Buck's decision was not related to the company's weaker-than-expected results reported this week. Cintas shares fell 11 percent Tuesday after the company said earnings and revenues this fiscal year will be lower than forecast.

The company said Buck's responsibilities have been split between two vice presidents. Jay Case has been named executive vice president for the rental division west, and John Milligan has named executive vice president rental division east.

NCR CEO Nyberg resigns position

Dayton, Ohio-based NCR Corp., the world's biggest maker of automated-teller machines, said Wednesday that chief executive officer Lars Nyberg resigned effective March 14 to attend to "certain family matters."

Nyberg will remain NCR's chairman. He will be replaced as CEO by President Mark Hurd, the Dayton, Ohio-based company said. Nyberg, 51, has been with NCR since 1995 and directed its 1996 spinoff from AT&T Corp. Hurd, 46, started with NCR in 1980.

ATR will close Danville plant

Boyle County, Ky.'s largest industrial employer, ATR Wire & Cable Co. in Danville, said it will close its tire cord manufacturing plant near Danville by April 19, eliminating 550 jobs.

The company has filed for bankruptcy in U.S. Bankruptcy Court in Lexington.

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