Atlantic Tech Restructures

Norwood, MA--Atlantic Technology president and CEO, Oscar Ciornei, has resigned to pursue new opportunities. Peter Tribeman, Atlantic Technology's chairman and founder, will resume his role as CEO.
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Norwood, MA--Atlantic Technology president and CEO, Oscar Ciornei, has resigned to pursue new opportunities. Peter Tribeman, Atlantic Technology's chairman and founder, will resume his role as CEO.

Ciornei, whose OAC Group acquired an interest in Atlantic Technology in January 2003, has returned control of the Norwood, Massachusetts loudspeaker, electronics and multi-room systems manufacturer to its original board of directors.

No changes in distribution are planned as a result of Ciornei's departure.

Ciornei and his OAC group have managed Atlantic Technology since the beginning of 2003. During that time, Ciornei and his OAC partner, Joshua Cooper, led the company in designing and developing a new line of home theater speakers to replace Atlantic's prior offerings, as well as co-developing the Systemline CAT-5 audio distribution system and all the related marketing, sales and distribution programs.

"Since Atlantic Technology is well on its way toward making a stronger market presence, I now look forward with eagerness to new opportunities and challenges," Ciornei said. "I leave the company proud of what we have achieved, and safe in the knowledge that there is a great team of people in place to continue the great accomplishments we have made in the past fifteen months."

"We are very appreciative of everything Oscar has brought to Atlantic Technology," said Tribeman. "Oscar's knowledge, creativity and energy have revitalized our approach to business. Although we are sad to see Oscar step down from his CEO role, we are delighted that The OAC Group will stay on in a consulting capacity to continue to assist us in our growth plans for the future. We wish him well as he moves on to future endeavors."

Joshua Cooper will continue to work with Atlantic as an OAC Group consultant as creative director.

The OAC Group is currently based in Portsmouth, New Hampshire, and plans on relocating to new headquarters by year-end to be based in Greenville, South Carolina.

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