Michael J. Timbers, President of Information Handling Service Group, Inc., the TBG Company of which CLSI is a part, has announced that he has accepted the resignation of James K. Barrentine, president of CLSI.
CLSI 's day-to-day responsibilities will be assumed by Carl P. Fisher, who has been named the company's acting president. Fisher is a former vice president of development for Mead Data Central, where he was involved in the start up of the Lexis, and Nexis systems. For the past seven years, he has worked in both full time and consulting positions with IHS Group.
TBG's press release asserted that the company is deeply committed to CLSI and the library market and will continue to make significant investments in CLSI to ensure that it remains the preeminent provider of library automation systems. In that regard, a major financing package has been negotiated with three major financial institutions to ensure that CLSI will have significant working capital to support increased development efforts.