H&H picks its next president

Jan. 14, 2004 — Harris & Harris Group Inc. (Quote, News, Web), announced that Douglas Jamison will become president, chief operating officer and chief financial officer on January 1, 2005, after the retirement of Mel Melsheimer, current president, COO and CFO.

Harris & Harris is a publicly listed venture capital firm that makes investments in private companies involved in nanotechnology, MEMS and microsystems.

Melsheimer’s retirement had been previously announced but the company had not named a successor until today. Jamison is currently vice president of Harris & Harris. He joined the firm in September 2002 from the technology transfer office of the University of Utah. Jamison said his primary concern is “making sure the transition to life after Mel’s management is done smoothly.”

Harris & Harris recently raised $17 million in a secondary stock offering. The company’s stock has risen dramatically in recent weeks and was around $18.60 in mid-morning trading.


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