Business Services Industry
New leader sparks Richardson rebound. (Richardson Electronics Ltd. new Pres. Bruce Johnson)
Crain's Chicago Business, October, 1997 by Murphy, H. Lee
Electronics distributor slashes costs Bruce Johnson has wasted no time making his mark on Richardson Electronics Ltd., the long-struggling LaFox-based distributor that has enjoyed brightening prospects in recent months. The 56-year-old Mr. Johnson, former president of Premier Industrial Corp.
in Cleveland, joined Richardson as president and chief operating officer 11 months ago and was accorded wide-ranging responsibilities by CEO and Chairman Edward Richardson, 55. He has been shaking up the company ever since. At Mr. Johnson's insistence, Richardson dismissed about 8% of its 300-member headquarters workforce, wrote off bad debts and slashed costs. The company's travel agency was replaced, as even senior managers began staying at Holiday Inns instead of Hiltons...
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