July 14, 2000
* Long Beach-based Compass Aerospace Corp., which renegotiated bank loans in March because it couldn't meet original terms, said it hired investment bank Donaldson, Lufkin & Jenrette Inc. to help explore alternatives. The closely held maker of plane parts and manufacturing kits didn't say whether it's considering a merger or sale. Compass also promoted John Reimers, who joined the company in March as chief operating officer, to chief executive.
March 16, 2000
* Douglas Solomon has been appointed chief executive of Compass Aerospace Corp., succeeding Alexander Hogg, who resigned last week. Compass, a Long Beach-based maker of precision parts for the aerospace industry, said Hogg left to pursue other business interests. Solomon, a Compass board member, was managing director of Macluan Capital Corp. The company also appointed John Reimers executive vice president and chief operating officer.