Riviera Tool's President & CEO Retires
26 April 2007 - 7:30AM
PR Newswire (US)
GRAND RAPIDS, Mich., April 25 /PRNewswire-FirstCall/ -- Riviera
Tool Co. (OTC Pink Sheets: RIVT) today announced the retirement of
Kenneth K. Rieth as president, chairman and chief executive officer
of Riviera Tool, effective immediately. The Grand Rapids,
Mich.-based designer and manufacturer of stamping die systems
reported it has created an interim team of executives to serve in
Reith's absence until the company names a permanent replacement.
Rieth had served as president of Riviera Tool Company since 1980.
"We want to thank Ken for his years of service at Riviera Tool and
wish him the best with his retirement," said Peter Canepa, chief
financial officer of Riviera Tool. "Ken guided Riviera Tool for
more than 27 years, though both exciting and tough times. We will
miss his leadership and insight, and appreciate his very important
contribution to our company." About Riviera Tool Riviera Tool Co.
(http://www.rivieratool.com/) designs, develops and manufactures
large-scale, custom metal stamping die systems used in the
high-speed production of sheet metal parts and assemblies for the
global automotive industry. A majority of Riviera's sales are to
BMW, Nissan, DaimlerChrysler, General Motors Corp., Ford Motor Co.
and their Tier One suppliers. Safe Harbor Statement under the
Private Securities Litigation Reform Act of 1995: The statements
contained in this news release include certain predictions and
projections that may be considered forward-looking statements under
securities laws. These statements involve a number of important
risks and uncertainties that could cause actual results to differ
materially, including but not limited to economic, competitive,
governmental and technological. DATASOURCE: Riviera Tool Company
CONTACT: Peter C. Canepa, CFO, Riviera Tool Company,
+1-616-698-2100 Web site: http://www.rivieratool.com/
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