CALIFORNIA - News from Sept. 3, 1986
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Winn Enterprises, parent of the ailing Knudsen Foods dairy concern, announced the creation of an executive committee to function as chief executive of the Los Angeles-based parent.
The three members of the committee are: Ted D. Nelson, formerly Winn chief executive; Nelson’s half-brother, Dee R. Bangerter, a major Winn shareholder and member of its board of trustees, and Daniel Montano, a Winn trustee.
Nelson said in a statement that the new structure allowed the board of trustees to be directly involved in the day-to-day management of Winn.
Montano, owner of the Montano Securities investment banking firm in Tustin, was appointed to Winn’s board last month.
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