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Joy Global, Inc. Message Board

  • veniceitaly12 veniceitaly12 Jun 4, 2002 10:09 AM Flag

    What's the story behind Hunnell?

    Anybody know?

    Does this mean Mark Readinger is coming back?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • ANNOUNCEMENT

      I want to take this opportunity to communicate a number of important organizational
      changes to all Joy Global employees.

      Effective immediately, Wayne Hunnell has resigned as President of Joy Mining
      Machinery. Wayne has elected to leave based on our differences in corporate strategy
      and management philosophy. I will be assuming operating responsibility for Joy Mining
      Machinery on an interim basis, and Wayne�s direct reports will report to me, except as
      otherwise noted below. We will be initiating an external search for Wayne�s
      replacement. Over his extensive career, Wayne has made significant contributions to the
      success of both P&H Mining Equipment and Joy Mining Machinery. I appreciate his
      efforts and wish him continued personal success.

      In addition, Tom Van Tassel has resigned as Senior Vice President, Operations for Joy
      Mining Machinery. Larry Buschling will assume the role of Senior Vice President,
      Operations and will integrate the manufacturing, engineering and supply chain functions
      on a global basis. Larry�s desire to �retire to teaching� in the next several years
      continues, so he will also lead the initiative to identify and develop his successor. Don
      Roof will assume the role of corporate sponsor for the ongoing strategic sourcing
      initiative previously directed by Tom. We appreciate Tom�s successful guidance of
      projects such as strategic sourcing, and we wish him well.
      -----------------------------------------------
      This announcement was sent out June 6, 2002. The reason for this change as stated in quote from Mr. Hanson is difference in corporate strategy and management philosophy. Now, I am just an uneducated blue collar union worker, but I would like to know what this difference might have been and which philosophy I might agree with, not that it really matters what I think. I am a former stock holder from the pre-bankruptcy but I am sure current board members and future stock holders might want to know what Mr. Hanson's strategy is.

      • 1 Reply to solidarity32
      • Thanks solidarity32.

        My guess is that you can expect a signficant amount of outsourcing to be put in place. You know what the result of that will be. Van Tassel refused to do it, and Hunnell refused to fire him. Therefore, both had to go.

        I shutter at the thought the last time Hansen did a high level external search he came up with Tom E.

        Good luck. You'll need it.

 
JOY
48.72+0.49(+1.02%)Dec 26 4:05 PMEST

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