AEROVOX ELECTS DENNIS HOROWITZ AND BENEDICT ROSEN TO BOARD OF DIRECTORS.NORTH DARTMOUTH, Mass.--(BUSINESS WIRE)--May 9, l995-- Shareholders of Aerovox Incorporated (Nasdaq/NM:ARVX) today elected two new members to the Company's Board of Directors, Dennis Horowitz and Benedict P. Rosen. In addition, incumbent director Ronald F. Murphy, Senior Vice President, Treasurer and Secretary of the Company, was reelected. All are to serve until the annual meeting in 1998. Mr. Horowitz is Corporate Vice President, Americas, for AMP Incorporated. He is also a director of Superconductor A material that has little resistance to the flow of electricity. Traditional superconductors operate at absolute zero (-459.67 degrees Fahrenheit or -273.15 degrees Celsius). Experiments in the 1980s raised the temperature to -321 degrees Fahrenheit. Technologies, Inc. Mr. Rosen is President and Chief Executive Officer of AVX AVX Adult Video XXX AVX Avid Visual Extensions AVX anti Virus Expert Corporation. In addition, he is a Managing Director of Kyocera Corporation, AVX's parent company, and President of Elco Corporation, a Kyocera subsidiary. "Aerovox and its shareholders are very fortunate to have the services of these new directors with their outstanding credentials," noted Aerovox Chairman Clifford H. Tuttle. "In addition to industry knowledge, Dennis Horowitz and Dick Rosen bring to the board a new perspective and expertise in international markets. This attribute complements our strategy to grow our markets worldwide. We are also fortunate to have the ongoing services of Ron Murphy Ronald "Ron" Murphy (born April 10, 1933 in Hamilton, Ontario)[1] is a retired former professional ice hockey player who played for the New York Rangers, Chicago Black Hawks, Detroit Red Wings and Boston Bruins over the course of an 889-game NHL career. , who has been a director of Aerovox and its predecessors since 1976." Mr. Horowitz and Mr. Rosen are filling positions on the board vacated by retiring directors Herbert J. Rowe and Kenneth F. Yontz, both members of the board since Aerovox became a public company in 1989. The Company also bids goodbye to another original board member, Kenneth C. Meinken Jr., who retired from the board at the time of the annual meeting in 1994, but has served as a consultant in the ensuing year. Aerovox Incorporated is the leading manufacturer of wound capacitors in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The Company also has plants in the United Kingdom and in Mexico. Aerovox products include AC, DC film, and aluminum electrolytic e·lec·tro·lyt·ic adj. 1. Of or relating to electrolysis. 2. Produced by electrolysis. 3. Of or relating to electrolytes. e·lec capacitors, low voltage power factor correction Power factor correction (PFC) is a technique of counteracting the undesirable effects of electric loads that create a power factor that is less than 1. Power factor correction may be applied either by an electrical power transmission utility to improve the stability and efficiency and power capacitors as well as EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. filters. CONTACT: Aerovox, North Dartmouth Mary Mandeville, 508/995-8000 |
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