Sierracin’s CFO Quits; 4th Since ’80

Gary Patten, 39, resigned as chief financial officer of Sierracin Corp., becoming the fourth CFO to leave the Sylmar-based aerospace and electronics company since 1980. Sierracin said it is looking for a replacement.

Patten, who joined Sierracin seven years ago and became CFO in mid-1982, said he quit to become chief financial officer of Optical Radiation, a fast-growing industrial and medical optics concern in Azusa.

The move had nothing to do with controversy at Sierracin, he said.

A suit by two shareholders in November, 1985, charged that Sierracin spent more than $100,000 to rent a house for chairman Christoph Tribull and that Tribull may have used company money to fly his girlfriends around the world and buy polo ponies.

Former Sierracin President Peter K. Maeussnest alleged in a lawsuit filed last April that Tribull threatened to have him killed for opposing his plans.

Tribull has denied all the allegations.