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RAC

2002-11-08

From: RAC Headquarters Date: November 8, 2002 Subject: RAC's First V.P. resigns It is with deep regret that RAC announces the resignation of First Vice President Joe MacPherson. VP MacPherson cited irreconcilable interpersonal differences with some members of the Board of Directors as the reason for his resignation from the RAC Executive. In accordance with RAC's constitution, a replacement candidate will be actively sought over the next few weeks.