Loading…
Monday, July 14, 2014
Current Weather
Loading Current Weather....
Published: Wednesday, 8/13/2008

Tecumseh Products sets meeting on ousting 2

The Herrick Foundation, which owns a major portion of stock in Tecumseh Products Co., has forced the suburban Ann Arbor firm to hold a meeting on removing two board members.

The special session is scheduled for Nov. 21 to consider removal of Peter Banks and David Risley and to name replacements. A judge has ordered it upon the request of the foundation.

The Herrick family controlled Tecumseh Products for decades and was ousted last year in a spat with new board members. Mr. Risley became a board member after Todd Herrick, a grandson of the company founder, was ousted as chief executive last year.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.