Siemborski Resigns From Figgie
Apr. 01, 1998
CLEVELAND (AP) _ Steven L. Siemborski has resigned as chief financial officer of Figgie International Inc.
Siemborski, 43, also resigned as a member of the company's board of directors, Figgie officials said Wednesday.
Glen W. Lindemann, Figgie's president and chief executive officer, said that during Siemborski's tenure, the company sold 24 businesses, reduced total debt by $380 million and returned the company to profitability.
Siemborski will return to Ernst & Young LLP as a partner and director of its consulting practice in Cleveland, Pittsburgh and Detroit. He was a partner in Ernst & Young for seven years before joining Figgie.
Lindemann said the company expects to appoint a new chief financial officer this spring, but will not replace Siemborski on the board. The board will be reduced to six members, Lindemann said.
Figgie International, based in the Cleveland suburb of Mayfield Heights, manufactures high-performance respiratory systems and equipment for aviation, industrial, firefighting and government markets through its Scott Aviation division.