ALLENTOWN, PA. — A wire report that appeared yesterday in Money Today on the planned resignation of the chairman of Mack Trucks Inc. was an outdated story that appeared as a result of a computer error.
ALLENTOWN, Pa. -- Ralph E. Reins will resign as chairman, president and chief executive officer of Mack Trucks Inc., the chairman of the company's distributors council confirmed late yesterday. Reins, 50, has accepted a position as head of the automotive group at United Technologies Corp. of Hartford, Conn., said Bob Nuss, owner of Rochester Mack in Rochester, Minn., and chairman of the council that includes 200 Mack dealers.
A formal announcement from Mack was expected today, Nuss said.
Reins will be replaced by an executive from Renault Vehicules Industriels, which on Oct. 5 completed its $107 million buyout of the 55 percent of Mack stock that it had not previously owned, Nuss said.