rom that sale to reduce debt
Thomas Riordan, will leave the construction-machinery maker at the end of the month and the company won't replace him in the near term.
The company--which makes specialized products such as cranes, road pavers, rock crushers and compact construction machinery--returned to the red in recent quarters after posting a first-quarter profit on a gain from the sale of its mining-equipment business.
The company said it planned to use some proceeds from that sale to reduce debt and is looking for acquisitions. Riordan, who has been in the posts since early 2007, will leave the company Jan. 31. His responsibilities will be
sunday assumed by Chief Executive Ronald DeFeo.
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