Tag: CSSS
Raefield leaves Mace; Smith is new CEO
August 23, 2011Martha Entwistle
HORSHAM, Pa.—The change in leadership at Mace Security International does not signify a change in plans for the company, but rather, a change in the character of the company, Richard Barone, chairman of the Mace Board of Directors and chairman of the executive committee for the Ancora Group, told Security Systems News.
Mace announced Aug. 19 that Dennis Raefield has resigned his post as CEO on Aug. 18 and that Michael E. Smith the same day took over as CEO.
“Three years ago when Dennis...
Mace raises $8.3m
August 11, 2011Martha Entwistle
HORSHAM, Pa.—With most of its legacy issues settled, Mace recently raised $8.3 million through a rights offering to existing shareholders, and now has money in the bank to execute its growth strategy.
“We're quite happy with the outcome,” Mace CEO Dennis Raefield told Security Systems News. “We settled a whole lot of open issues—as you know the company had a troubled past with problems with the ex-CEO and the Environmental Protection Agency. We've settled those, and...