ADVISORY/Photo of James M. Kilts is Available on BW PhotoWire/AP PhotoExpress, NewsCom, PressLink and Business Wire's Web Site.Photo/Business Editors ADVISORY... --(BUSINESS WIRE) The photo is BW1 on AP PhotoExpress. The photo is on Business Wire's Web Site at http://www.businesswire.com/cgi-bin/photo.cgi?pw.012201/bw1 Photo caption reads: BOSTON--(BUSINESS WIRE)--Jan. 22, 2001 The Gillette Company Board of Directors has elected e·lect v. e·lect·ed, e·lect·ing, e·lects v.tr. 1. To select by vote for an office or for membership. 2. To pick out; select: elect an art course. James M. Kilts James M. Kilts was a chief executive officer of The Gillette Company. He negotiated the sale of the company to Procter & Gamble for US$57 billion. Press investigators estimate that he stood to gain more than $165 million personally in the purchase. chairman of the board and chief executive officer. He will assume his responsibilities as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. on February February: see month. 12. Mr. Kilts, 52, most recently served as president and chief executive officer of Nabisco, where he directed a highly successful turnaround Turnaround A situation where a company that has had poor performance for an extended period of time experiences a positive reversal. Notes: A speculator may profit from a turnaround if he or she accurately anticipates the improvement of a poorly performing company. of the company's $9 billion global food business. (Business Wire photo) CONTACT: Gillette, Eric Kraus, Vice President, Corporate Communications (617) 421-7194 or Skip Loper, Vice President, Corporate Investor Relations (617) 421-7968. See Business Wire story BW2311 for more information. |
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