American Building Control CEO resigns
By SSN Staff
Updated Thu January 23, 2003
January 23, 2003
LEWISVILLE, Texas - The chief executive officer of American Building Control, formerly known as Ultrak, stepped down from his post, the third time in less than a year the company has had a change in that post.
Company officials did not say in a press release why Niklaus Zenger resigned from his post, but attributed a new business strategy at the company to his tenure. The strategy included the December 2002 sale of Ultrak’s CCTV division to Honeywell, and restructuring of the company into core business units, reducing operating expenses and increasing profit margins.
“When I had to take over, the company was in a very difficult situation,†Zenger said. The company today is well positioned to service future security needs with a talented employee pool, he said.
Zenger became CEO last summer after the resignation of George Broady a few months prior; the two shared leadership after then President and CEO Peter Beare left the company.
Bryan C.W. Tate, a member of the board of directors since October 2001, will become CEO. Tate was formerly the head of Digitel, a privately held telecommunications company in Atlanta.
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