Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: TUESDAY, April 19, 1994 TAG: 9404190174
SECTION: BUSINESS PAGE: C-10 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
The board of Shenandoah Life Insurance Co. will hold its regular meeting Friday, but it is unlikely to name a successor to William R. Battle at that time.
Battle, a former president of Shenandoah Life, died Saturday at a Roanoke hospital. He had retired as president in 1989, although he filled the post on an interim basis from last June to December.
At the time of his death, he was chairman of the board's executive committee.
Shenandoah Life spokeswoman Donna Musselwhite said there is nothing in the bylaws that mandates immediate filling of the vacancy. If past experience is a guide, she said, the board may take three to six months to fill the seat.
- Staff report
Hardee's to buy Rax Restaurants
Hardee's Food Systems Inc., Rocky Mount, N.C., operator and franchiser of fast-food restaurants, said Monday it has agreed with Rax Restaurants Inc. of Columbus, Ohio, to become Hardee's third-largest franchisee. The transaction, subject to the execution of definitive purchase agreements, will convert 52 existing Rax restaurants to Hardee's restaurants and will buy 164 additional restaurants - 60 from Hardee's, and 104 from Franchise Enterprises Inc., an existing franchisee of Hardee's.
- Staff report
Ormond closes Tanglewood shop
The Ormond woman's apparel store at Tanglewood Mall has been closed by The Ormond Shops Inc. of North Bergen, N.J., as part of the company's Chapter 11 bankruptcy restructuring.
Despite the closing last week, Ormond continues operating units at Valley View Mall and River Ridge Mall in Lynchburg.
The company said April 14 it had a $5 million line of credit that allowed it to pay suppliers so the Ormond shops could buy more merchandise. The company said it would close unprofitable stores as part of the bankruptcy.
- Staff report
by CNB