KIMBALL, NE -- (Marketwire) -- 03/08/13 -- George Risk Industries Inc. (GRI) (OTCQB: RSKIA) is deeply saddened to announce the death of Kenneth R. Risk. Ken passed away February 27, 2013 after a brief battle with pancreatic cancer at the age of 64.
Upon the death of his father George Risk in 1989, Ken assumed the duties of President and CEO of GRI amid a hostile takeover. In 1989 GRI employed about 75 people and today employs more than 150 at facilities in Kimball and Gering, NE with annual sales in excess of $10,000,000.
Ken believed in commerce and community, running several successful businesses during his life. He was very involved with various organizations on state and local levels. He was an avid supporter of the Tom & Nancy Osborne Teammates mentoring program serving on the Program Board from 2003 to 2009, the Foundation Board from 2008 to the present, and the Kimball Teammates Board of Directors. Ken served on the Nebraska Aeronautics Board of Directors from 1999 to present and the Kimball County Aeronautics Board of Directors from 2000 to present. He was an active pilot with over 8,000 hours flying time. In 1998 he served on the Board of Directors for Greater Nebraska Workforce and during the summer of 2012 he accompanied Nebraska Governor Heineman to China on a trade commission trip.
On March 5, 2013, GRI's Board of Directors elected Stephanie Risk-McElroy, already a member of the Board of Directors and the Chief Financial Officer, to serve as President and Chairman of the Board. Stephanie will continue to serve as Chief Financial Officer. In addition Bonnie Risk, Ken Risk's wife, was elected to the Board of Directors.
Stephanie, the daughter of Ken Risk, graduated in 1994 from Hastings College with a Bachelor of Science degree in Business with an emphasis in accounting. She became CFO of GRI in 1999. For the last 14 years Stephanie has worked closely with Ken and the rest of the GRI management team so she is knowledgeable in all aspects of the manufacturing facility, especially the bottom line. It is her hope to continue running the company as it has been done in the past, to keep it profitable and to continue selling quality American Made Products and offer the great customer service that GRI is known for.
The Board of Directors and employees of GRI are confident in Stephanie's abilities to lead the company into the next generation and are grateful for her decision (in her father's words) to keep the company running "business as usual."
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