Walter Bauer Becomes CEO of Delphi Systems
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Walter Bauer, former chairman of Informatics General in Woodland Hills, is the new chairman and chief executive of Delphi Systems, a Westlake Village-based maker of computer equipment and software used by insurance agents and brokers.
Bauer said his part-time job will be similar to that of a consultant.
Bauer said he was hired because stockholders in the privately held company, which has about $20 million in annual sales, wanted to restructure the business and change its management. Two of the company’s three founders have resigned as executives. They are George Nazarian, who quit as chairman, and Kenneth Bitticks, who left as president but remains a board member. Bitticks was replaced as president by Richard Janssen, another founder.
Bauer, 62, lost his job as chairman and chief executive of Informatics, a computer software firm, after the company was taken over last June by Dallas-based Sterling Software.
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