Dr Norman Friedmann has resigned as chairman and chief executive of troubled Mountain View, California-based Daisy Systems Corp, to be replaced by outsider Gary Sbona as president and chief executive: Daisy has retained Sbona’s firm, Regent Pacific Management Corp, to try to help the company out of its pressing financial problems. Regent Pacific, in Cupertino, […]
Dr Norman Friedmann has resigned as chairman and chief executive of troubled Mountain View, California-based Daisy Systems Corp, to be replaced by outsider Gary Sbona as president and chief executive: Daisy has retained Sbona’s firm, Regent Pacific Management Corp, to try to help the company out of its pressing financial problems. Regent Pacific, in Cupertino, California, specialises in advising and managing companies in financial difficulty and assisting their turn-around. Sbona is a founder and chief executive of Regent Pacific. Daisy has not made the most current interest payment and certain other fees due to its senior lender, Heller Financial Inc and is thus in default of loan pacts.
