Fast-growing Micom Systems Inc., a high-tech company with head offices in the Simi Valley, unveiled a corporate restructuring that divides the company into two divisions and three wholly owned subsidiaries. The company also announced a series of promotions.
The changes "will put into place a corporate structure for a more dispersed and complex company and will assist in establishing better communications, leadership and market focus," President William A. Norred said in a prepared statement. As reasons for the restructuring, he cited Micom's growth--at a compound rate of 85% a year--and its acquisition last week of Interlan Inc., a company involved in Micom's business of supplying cable-based local-area networks, which permit high-speed data transmission between or within computer systems.
Under the reorganization, Interlan will operate as a wholly owned subsidiary called Micom-Interlan Inc. Paul J. Severino, former president of Interlan, becomes chairman of the new unit, and Ashok K. Khawan, formerly Micom vice president-marketing, becomes president. Both are also corporate vice presidents.
The other two wholly owned subsidiaries are Black Box Corp., Pittsburgh, with Eugene R. Yost continuing as president, and Micom-Borer Ltd. of Reading, England, directed by Kenneth G. Baynton.
The new Micom Technologies division will market, develop and manufacture all Micom products. Michael E. Barker, former Micom vice president-operations, becomes president of the division. He was also named a corporate vice president along with David F. Hemmings, who will be responsible for the division's product lines.
Christopher G. Kenber was named president of the new Micom sales division, which will cover sales, service and support for Micom products. He has also been named a corporate vice president.
All subsidiary and division heads will report to the office of the president, which for the past several years has consisted of Norred and Executive Vice President Roger L. Evans.
Additional promotions include Norman Mushnick, vice president-manufacturing development and support, and John E. Lazor, vice president and corporate controller. Robert A. Weaver, currently vice president-finance and administration, will also take over new companywide real estate activities.