CALIFORNIA - News from Jan. 15, 1985
Micro D Inc., Santa Ana, one of the nation’s largest distributors of computer software and accessories, has forced its recently appointed president to resign as part of a major management reorganization.
The company said the resignation of Richard G. Lionetti, who became president eight months ago, takes effect immediately and that he will not be replaced. His duties will be divided between Micro D’s executive vice president and its chief of finance, the company said.
Lorraine Mecca, founder and chief executive of 6-year-old Micro D, said the reorganization is a reaction to changes in the computer industry and not a response to a 36% drop in the company’s fiscal 1984 earnings.
“Our role has shifted from marketing manufacturers’ products to concentrating on what we do,” Mecca said. “What we do is buy, sell, ship (products) and collect money.”
Lionetti joined Micro D in October, 1983, and took over as president from Mecca last May. Mecca said Micro D is not looking for a replacement for Lionetti.
Lionetti could not be reached for comment.
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