New Owners Rearrange AmeriQuest Management
Computer 2000, a German company that acquired a controlling interest earlier this week in AmeriQuest Technologies Inc., a microcomputer company, said Thursday that it is replacing top AmeriQuest management with Computer 2000 executives.
Steve DeWindt, currently co-president of Computer 2000, was named chairman and chief executive, succeeding Harold Clark, who will remain as a consultant. Mark Mulfold, former managing director of a British subsidiary of Computer 2000, was named president and chief operating officer of AmeriQuest. He succeeds Donald W. Resnick, who will become the company’s chief financial officer.
Computer 2000 purchased a 62% controlling interest in AmeriQuest for $50 million. The Munich-based company lent AmeriQuest $18 million in November but exercised an option to buy a controlling interest in the Santa Ana company for an additional $32 million after AmeriQuest failed to meet specified sales targets.
AmeriQuest’s board has received approval from the New York Stock Exchange to bypass shareholder approval of the transaction because a delay “would seriously jeopardize the financial viability of the company,” according to AmeriQuest officials.
