AgriBioTech Inc. Announces Election of Outside Director to Board of Directors.HENDERSON, Nev.--(BUSINESS WIRE)--March 16, 1999--Richard Budd, chairman and 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. , AgriBioTech Inc. ("ABT ABT About ABT Abteilung (German: Department) ABT Abbott Laboratories (stock symbol) ABT American Ballet Theatre ABT Associação Brasileira de Telemarketing ABT Abort ABT Availability Based Tariff ") (Nasdaq/NM:ABTX) Tuesday announced that James W. Johnston has been elected to and joins the company's board of directors as an outside director. As previously announced, ABT is continuing its search for three new and additional outside directors to add to its board. Once all three of these additional outside board members are appointed, ABT will have a nine-person board of directors with a majority of members being outside directors. Johnston, 52, is president and CEO of Stonemarker Enterprises Inc., a consulting and investment company. He previously served as vice chairman of RJR Nabisco RJR Nabisco, Inc., was an American conglomerate formed in 1985 by the merger of Nabisco Brands and R.J. Reynolds Tobacco Company. RJR Nabisco was purchased in 1988 by Kohlberg Kravis Roberts & Co. in the second largest leveraged buyout in history, adjusted for inflation. Inc., a holding company, from 1995 to 1996. From 1989 to 1996, he also served as chairman of R.J. Reynolds Tobacco Co., and was CEO of that company until 1995. Johnston was named a director of RJR Nabisco Holdings Corp. in 1992 and chairman of R.J. Reynolds Tobacco International Inc. in 1993. He retired from R.J. Reynolds in July 1996. Johnston began his business career with Ford Motor Co. In addition to Ford, he has held senior management positions at various subsidiaries of Northwest Industries Inc. and Citibank N.A. He serves on various boards, including the Sealy Corporation Sealy Corporation (NYSE: ZZ) is a major mattress manufacturer. The company draws its name from the city where it started, Sealy, Texas. History In 1881, cotton gin builder Daniel Haynes began making cotton-filled mattresses for his friends and neighbors. and various non-profit organizations A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. . "We are extremely pleased that Jim Johnston There are multiple Jim Johnstons:
AgriBioTech is a fully integrated, full-service seed company specializing in the forage forage Vegetable food, including corn and hay, of wild or domestic animals. Harvested, processed, and stored forage is called silage. Forage should be harvested in early maturity to avoid a decrease in protein and fibre content as crops mature. and turfgrass seed sector, complete with research and development of proprietary seed varieties, seed processing plants, and a national and international distribution and sales network. ABT's vision is to lead the turf and forage seed industry in discovering its value potential. |
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