UNC Resources Inc., in the midst of a major corporate restructuring, has named John A. Hollansworth to oversee its acquisitions program.
Hollansworth, a 54-year-old veteran of the telecommunications industry, will serve in the new post of senior vice president and assistant to President and Chief Executive Officer Dan A. Colussy.
After years of losses, the Falls Church-based manufacturing and services conglomerate has been engaged in a major effort to shed its problem businesses, including uranium mining. As part of that effort, it is looking to acquire new companies, primarily in the areas of telecommunications and aerospace, said company spokesman Ray J. Jicka.
"Hollansworth's prime duty will be to work with Dan Colussy on the company's acquisition program," Jicka said.
UNC launched its program last month with the acquisition of TRT Communications Inc., a Washington-based domestic and international telecommunications firm, in a $59 million leveraged buyout. Hollansworth, a consultant to UNC at the time, played "a very large part" in that deal, Jicka said.
Hollansworth has "broad experience in telecommunications, both on the service and the manufacturing side," Jicka said. He spent most of his career with Western Union, where he was a corporate vice president and general manager of the government systems division. More recently, he was president of Day Telecommunications, a manufacturer of electronic paging terminals, and chief executive officer of the Gencom subsidiary of Communications Industries Inc., which operates mobile telephone, paging and answering services in the Southwest. Hollansworth also is a former president of the Armed Forces Communications and Electronics Association.