Friday, January 23, 2009

Thresher Industries, Inc. (THRR.PK) is Run by a Team of Seasoned Professionals

CEO Tom Flessner started his career in product design in the mid 1960’s with Outboard Marine Corporation, the parent company of Johnson and Evinrude outboard motors. The focus of his career has been on the die-casting and foundry management business. Mr. Flessner is known for his ability to successfully turn around distressed manufacturing companies. In 1991 he was instrumental in the turnaround of Puget Cast Products Casting Division in Tacoma, Washington and later Allied Die Castings in Rutherfordton, North Carolina. In 1996, as Director of the Precision Pressure Cast Division of Alyn Corporation, he participated in the design and construction of their casting department.

Ed Gardner, Chairman of the Board of Directors, brings more than 20 years of quality and manufacturing experience to the Thresher management team. He is currently the Corporate Quality Director at Greene Tweed, and most recently, Ed served as the Global Quality Systems leader at Owens Corning where he initiated the worldwide Quality Management System, driving Quality performance and waste elimination across the corporation. Mr. Gardner also gained valuable insight into the Quality arena working with Holley Performance Products, Allied Signal, and Warn Industries. Ed holds a B.S. degree from Utah State University and a MBA from Willamette University in Oregon.

CFO Roger Rowell earned his Bachelor’s degree in finance from the Sid Craig School of Business at Fresno State University. At the age of 24, he became Managing General Partner of The Rowell Company in Fresno, California. During his tenure, the office building’s 27% occupancy grew to 100% at the time of its sale. Roger is Managing General Partner of Temecula Ranchos, a California General Partnership, where he was in charge of the financial and operational aspects of the farming organization. Temecula Ranchos was one of the largest Grapefruit producers in California. Roger is also President of Mahowell Services, a California Corporation. His responsibilities include due diligence and real estate acquisitions.

Director Kevin Weeks successfully founded his own multi-line insurance agency in the Chicago area in 1976. In 1990, Kevin stepped away from the agency’s daily operations and successfully completed a turnaround in the business that he was currently employed with. Five years later, Kevin relinquished management of that agency back to the corporation he currently supervises today. Mr. Weeks’ extensive background in corporate financial structure and financial planning will be a benefit to Thresher. He has been instrumental in obtaining new customers and shares enthusiasm for the company.

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