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Stephen Fletcher Named President and COO of MINOLTA-QMS

Wednesday, March 20, 2002

Press release from the issuing company

MOBILE, Ala., March 19 - MINOLTA-QMS, Inc. today announced the promotion of Stephen Fletcher to president and chief operating officer. In his newly appointed position, Fletcher will assume full responsibility for the daily management of the company. "In Steve's previous position as president of the Americas group, he significantly boosted our color laser printer sales, with shipments in recent months almost five times the average set in the year prior to his arrival,'' said Shoei Yamana, CEO and chairman. "His proven experience makes him the perfect candidate for this leadership role.'' Prior to joining MINOLTA-QMS in April 2001, Fletcher was president and CEO of the Tally Printer Corporation of Seattle, Washington, a manufacturer of high-speed line matrix printers. During his tenure, Tally doubled its U.S. line printer sales and increased its net profit several fold. Prior to Tally, Fletcher was vice president and general manager of NEC Technologies' Imaging Division in San Jose, California, where he led their sales growth from a few hundred printers a month to more than 30,000 per month. Fletcher holds an MBA and BS in Engineering from the University of Michigan.




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