Allan Leaves Harris Broadcast
March 26, 2004
The head of Harris' Broadcast Communications division is leaving the company. Bruce Allan, who held the job six and a half years, has resigned.
In a statement, Harris CEO Howard Lance said Allan has resigned as president of the division effective immediately to pursue other opportunities.
In January the Harris broadcast segment, which includes both radio and TV products, reported revenue of $66.4 million and operating income of $2.6 million in the second fiscal quarter, down from $94.2 million and $6 million, respectively, in the same period a year earlier.
At that time, Harris said sales had increased for studio products and systems, an area heavily affected by the economic downturn. The company also said it was encouraged by the release of HD Radio receivers at the Consumer Electronics show and a $96 million contract to modernize the Iraqi Media Network.
Lance will serve as the Broadcast Communications Division chief executive while the company seeks a replacement. An external search is underway, according to the company.