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Posts Tagged ‘imprimis’

Piper Aircraft chief executive to resign

Wednesday, June 10th, 2009 by Eve Samples

VERO BEACH — Piper Aircraft Inc. is getting a new top executive. The Vero Beach-based plane maker announced Wednesday that James Bass, its president and chief executive officer since 2005, will resign on June 26.

Kevin Gould
, Piper’s vice president of operations, will take over as CEO. John Becker, a 20-year Piper veteran and vice president of engineering, will become president.

Bass said his goal when he took the helm at Piper was to turn around the then-struggling company and make it attractive to a buyer. The Asian investment firm Imprimis bought the plane maker in April.

“I have successfully completed my mission at Piper and am leaving the company in very capable hands,” Bass said in a statement. “What I was brought in to do has been done, and it is now time for me to move on to other challenges.”

Vero Beach-based Piper Aircraft sold to foreign investment firm

Friday, May 1st, 2009 by Eve Samples

VERO BEACH — Piper Aircraft Inc. has been sold to an international investment firm for an undisclosed price.

The Vero Beach-based plane maker announced today that Imprimis purchased 100 stake in the company from American Capital Ltd. (Nasdaq: ACAS).

“Imprimis intends to invest significant capital in Piper’s current operations to strengthen its position in its traditional markets and support the development of key new products such as the PiperJet,” Piper said in a statement.

Imprimis, which operates from offices in Bangkok, Singapore and Brunei Darussalam, is committed to keeping Piper’s headquarters in Vero Beach, the company said. (more…)

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