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Johnson Retires from Research Inc., Names New President

Friday, June 15, 2001

Press release from the issuing company

Eden Prairie, MN—Research, Inc. (Nasdaq: RESR) today announced that Claude Johnson has retired as President and Chief Executive Officer of the company, and has assumed the role of Chairman of the Board of Directors. Johnson has served as President and Chief Executive Officer since 1992. He joined Research, Inc. in 1974 as Controller and was promoted to Chief Financial Officer in 1986. Research Inc. also announced that Brad Yopp, who was previously Treasurer, has been named President /Chief Financial Officer (CFO) and will assume operating responsibility for the company. Prior to joining Research, Inc. in May of 2000, Yopp was CFO and Director of Finance and Administration at Ultra Pac, Inc. a wholly owned subsidiary of Ivex Packaging Corporation. As Chairman, Johnson will continue to be involved in the strategic direction of the company in an advisory role as well as in special projects. “I have enjoyed my 27 years at Research, Inc., and look forward to making that experience available in my new role as Chairman of the Board of Directors,” Johnson commented. “While these are difficult times, we have charted the right course for Research, Inc. to move forward into the future. Now, I am pleased to turn operational responsibility over to Brad Yopp who has proven his executive capabilities admirably in the very challenging period we are coming through.” Yopp commented: “I am pleased to be assuming responsibility for Research Inc. at this time. Moreover, I am confident that we have done and continue to do the right things to be well positioned for the future of the business, and we have a committed team of talented people to enable us to do it.”

 

 

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