X-Message-Number: 26926
Date: Sat, 03 Sep 2005 11:15:10 -0700
From: Mike Perry <>
Subject: Alcor News #42
References: <>
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Alcor News Bulletin
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Number 42: September 3, 2005
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In this issue:
* Announcement
* Next Board Meeting
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Announcement
The Board of Directors felt it was important to personally
inform all Alcor members of two recent events.
First, Alcor's President and CEO, Joe Waynick, has decided
to leave Alcor and pursue other interests. We received his
resignation effective August 28, 2005. Joe has been
President and CEO for nearly two years. He will continue to
be an Alcor member. We wish Joe the best in going forward.
Steve Van Sickle will temporarily assume the role and
responsibilities of day-to-day operations of Alcor, acting
as our Executive Director. Steve has a long history with
Alcor, having become a member in 1992. Early in his
membership, he assisted in engineering Alcor's crackphone
and Air Transportable Perfusion (ATP) systems. In 1999,
Steve was elected as a Member of the Board of Directors;
and in February 2005, he joined Alcor's staff as the
Technical Development Leader. We believe Steve is an
excellent choice to lead Alcor's staff during this
transition.
The Board has commenced its search for a new President and
CEO. A search committee, to be headed by Board Chairman,
Dr. Michael Riskin, will be formed, and inquiries will be
made across the country and around the world for qualified
candidates. This is an opportune time to further Alcor's
goals. Accordingly, the Board's search committee will take
the necessary time to identify and retain the sort of
leader who can take us to the next level.
Second, on another matter, we have learned that a
substantial sum of money is missing from Alcor. We
suspected that a former employee misappropriated
approximately $180,000. Last week, the police arrested
former Alcor bookkeeper, Tim Reeves. While Mr. Reeves has
yet to be tried on these charges and is innocent until
proven guilty, the police have informed us that he has
confessed to most of the theft. We are cooperating with the
Scottsdale prosecutor assigned to this matter, and we will
keep you informed as the case progresses. We are also
working with the police and a private investigator to
recover the funds.
Please be assured that we have covered all member prepaid
accounts through Alcor general funds and no member should
be concerned about their good standing with Alcor as a
result of this matter. We shall use this situation as an
opportunity to strengthen the internal controls that the
Alcor staff exercises to protect our organization. We have
engaged our outside auditors to conduct an internal
controls review and suggest procedures to ensure that this
will not happen in the future.
That's all the news for now. We look forward to continuing
to strengthen and improve Alcor during this time of change.
If you have questions or concerns about any of these
issues, feel free to contact Steve Van Sickle at 480-905-
1906 ext. 104 or 877-462-5267 ext. 104 or
If you or someone you know would like to
be considered as a candidate for the President/CEO
position, please contact Dr. Michael Riskin at (714) 313-
9129 or
Alcor Life Extension Foundation
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Next Board Meeting
The next Board meeting is scheduled for Saturday, September
10, 2005 at 11:00 AM (MST).
Board meetings are typically held on the first Saturday of
the month at the Alcor facility (7895 East Acoma Drive in
Scottsdale, AZ). Members and the public are encouraged to
attend.
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End of Alcor News bulletin #42 dated September 3, 2005.
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