ETC Europe has announced that Mike Lowe will be retiring from the position of managing director at the end of May.

Lowe was closely involved in the internal development of ETC Europe, as well as the development of European markets for ETC and of the new organization of the company.

Fred Foster, CEO of ETC International, said, "Mike has contributed his industry experience and maturity to ETC. We wish him all the best in his richly deserved retirement in sunny Italy."

As part of the continuing international development of ETC, Bill Gallinghouse, ETC International VP of Business Development, assumes responsibility for European sales, and Dick Titus, ETC International chief operations officer, assumes responsibility for leading ETC Europe operations. ETC's European offices will remain in London.