Advertisement
YOU ARE HERE: LAT HomeCollections

PEOPLE

Nation

January 12, 1986

The top two executives of Ideal Basic Industries have resigned in a management shake-up at the financially ailing cement company.

Michael T. Nelligan, recruited four years ago to turn around the Denver-based company, resigned as chairman and chief executive. Senior Vice President Richard E. Reuss also submitted his resignation. Both resignations are effective immediately, the company said in a press statement.

Thomas Bronson, who currently heads the cement division of Moore McCormack Resources Inc. at Stamford, Conn., will replace Nelligan on Feb. 1, Ideal Basic said.

Advertisement
Los Angeles Times Articles
|
|
|