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 WASHINGTON, Nov. 24 /PRNewswire/ -- The American Business Conference (ABC), a coalition of fast-growing, midsize American companies, today announced the election of Dr. George N. Hatsopoulos, chairman & president of Thermo Electron Corporation (NYSE: TMO), and Clark A. Johnson, chairman and CEO of Pier I Imports, Inc. (NYSE: PIR), as co- chairmen of the organization. They replace James R. Jones, who was recently appointed as ambassador to Mexico by President Clinton.
 Commenting upon the change in leadership, ABC President Barry Rogstad said, "ABC members, not staff, determine and promote the ABC growth agenda in Washington. The appointment of co-chairmen illustrates the greater intensity with which we are pressing that agenda.
 "The time commitment necessary for effective advocacy was becoming too great for a single chairman. With George and Clark sharing the responsibility, and with our other members coming to Washington more often, ABC can sustain its uniqueness as a member-driven organization in these busy times."
 Hatsopoulos, nationally known for his groundbreaking economic studies on international capital costs, American saving and consumption patterns and competitive issues, is a founding member of ABC. Regarding his new role, he said: "I am delighted to join Clark Johnson as co- chairman of ABC. Because we are non-partisan and because our members lead some of the most successful entrepreneurial companies in the United States, ABC can play a leading role in getting this economy back on track. I look forward to working with my colleagues in ABC as well as the Clinton administration and Congress to help put in place sound macroeconomic policies to promote long-term growth and job creation."
 Johnson, a leader in the Texas business community, has been a member of ABC since 1989. Commenting upon his election as ABC co-chairman, he said: "As I see it, George and I have one main task: to keep our organization focused on the economic issues that matter so that the time ABC members spend in Washington is used to fullest advantage. As ABC's recent efforts in favor of the North American Free Trade Agreement (NAFTA) suggest, when our organization concentrates its energies, we can have a real impact."
 Personal and professional profiles of Hatsopoulos and Johnson follow:
 George N. Hatsopoulos
 Chairman & President
 Thermo Electron Corporation
 Waltham, Mass.
 -- Industry: Industrial -- High Tech Instruments and Co-Generation Systems
 -- Manufactures environmental and analytical instruments, custom- engineered and pre-packaged cogeneration systems, industrial process equipment, biomedical materials and products; the company also provides metallurgical heat treating, water quality engineering and analytical laboratory services
 -- Customers include members of the industrial, commercial, utility and government fields
 -- Facilities located in: Holland, United States, Germany, England, Canada, Japan, Italy, Sweden and France
 -- A New York Stock Exchange company which operates in domestic and international markets
 -- Total revenues for 1992: $948.9 million
 -- 8,000 employees
 -- Founded 1956
 -- American Business Conference, Co-Chairman
 -- Chairman, President & Founder, Thermo Electron Corporation Federal Reserve Bank of Boston; Board Member 1982-1989; Vice Chairman 1986-1987; Chairman 1988-1989
 -- Member of the Governing Council, National Academy of Engineering
 -- Member of the Executive Committee, National Bureau of Economic Research
 -- Member of the Corporation Visiting Committee for the Department of Mechanical Engineering at M.I.T.
 -- Trustee, Boston Museum of Science
 -- Fellow, American Academy of Arts and Sciences
 -- Awards: Pi Tau Sigma Gold Medal Award, Engineering, Gold Plate Award, Academy of Achievement, M.I.T. Corporate Leadership Award
 -- Boards: Bolt Beranek and Newman Inc., National Bureau of Economic Research, Congressional Economic Leadership Institute, American Council for Capital Formation, Centers for Policy Research
 -- Education: Doctor of Science in Thermodynamics, M.I.T.; Doctor of Science, New Jersey Institute of Technology, Honoris Causa
 Clark A. Johnson
 Chairman & C.E.O.
 Pier I Imports, Inc.
 Fort Worth, Texas
 -- Industry: Services -- Specialty Retail
 -- North America's leading specialty retailer of decorative home furnishings and related items
 -- Products are directly imported from more than 44 countries around the world
 -- Facilities located in 42 states and Canada
 -- New York Stock Exchange company since 1971
 -- Total Revenues for FY 1993: $629 million
 -- 8,000 employees
 -- Founded 1962
 -- American Business Conference, Co-Chairman
 -- Former: Chairman and C.E.O., MacGregor Golf Co.; President, Wickes Companies, Inc. (Furniture and Lumber)
 -- Chairman, International Sister Cities Association of Fort Worth; Former Chairman, Junior Achievement of the Chisholm Trail, Inc.; Former Chairman, Tarrant County United Way Campaign
 -- Trustee, Texas Christian University
 -- Co-Chairman, American Business Conference
 -- Boards: Pier I Imports, Inc.; Harvard Business School Alumni Association; Anacomp, Inc.; Actava Group, Inc.; Heritage Media Corporation; Albertson's, Inc.; InterTAN, Inc.; Sunbelt Nursery Group
 -- Education: University of Iowa, Iowa City Advanced Management Program; Harvard Business School
 -0- 11/24/93
 /CONTACT: Mary Lou Galvin of the American Business Conference, 202-822-9300/

CO: American Business Conference ST: District of Columbia IN: SU: PER

MH-DC -- DC011 -- 7682 11/24/93 13:51 EST
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Publication:PR Newswire
Date:Nov 24, 1993

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