Mills resigns as chief of ABC
July 15, 2004
LEWISVILLE, Texas - Less than year after coming onboard as the new chief executive officer of American Building Control and charged with taking the company through a reorganization, Danny Mills announced his resignation late last week effective immediately.
Mills served as chief executive officer for about eight months. Under his tenure, the company, once known as Ultrak, announced plans to consolidate office and sell non-core businesses, such as SecurityandMore and its industrial service business, IVS. Instead the company would focus on its access control business MDI and ABM Data Systems, an alarm management software firm.
Though MillsÃ¢â‚¬â„¢ resignation may appear sudden, the announcement should come as little surprise. At American Building ControlÃ¢â‚¬â„¢s annual shareholder meeting June 21, Mills was not re-elected to the companyÃ¢â‚¬â„¢s board of directors, despite board members recommending his election.
Instead, James Powers, chairman of RF Logics and former chairman of InfoGraphics, was elected by shareholders. Re-elected board members included Lance Borvansky, Carlo Loi and John Macaulay.
Mills could not be reached for comment prior to press time. Macaulay declined to comment on the shareholder decision beyond a company issued press release.
For more on this story, see the August issue of Security Systems News.