Genisco Technology Corp.: The company said Thursday...

Genisco Technology Corp.: The company said Thursday that Jerome J. Gross has been appointed president and chief executive, and Harmon Hardy has been appointed chairman.

Genisco also said that a private investment firm has agreed to buy a $5.4-million Genisco debt and convert it into Genisco common stock. The company said it also plans to raise about $5 million through a private placement of stock. As part of the transaction, Phillip C. Friedman resigned as chairman, chief executive and president.

Genisco, based in Anaheim, produces computer workstations, peripherals and electronic components.