Aldila names three new directors.SAN DIEGO--(BUSINESS WIRE)--Nov. 16, 1994--Aldila Inc. (NASDAQ/NMS:ALDA ALDA Association of Late-Deafened Adults ALDA Australian Learning Disability Association ALDA Adult Learning Development Association ALDA Asociación Larense de Astronomía (Barquisimeto, Venezuela) ALDA Alabama Dietetic Association ) today announced the election of three new directors who are replacing existing directors. The size of the board remains at 10 members. The new directors are Chapin Nolem, 62, president and a director of Combe combe Noun same as coomb Inc., manufacturer of proprietary drugs and toiletries toi·let·ry n. pl. toi·let·ries An article, such as toothpaste or a hairbrush, used in personal grooming or dressing. toiletries npl → artículos mpl de aseo (= , White Plains, N.Y.; Peter E. Bennett, 53, president and senior partner of Liberty Partners, a financial investment company, New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ; and John J. Henry, 68, vice chairman of Sinclair & Rush Inc., a global plastics manufacturer in St. Louis. Nolen joined Combe Inc. in 1970. Previously, he was president of Whitehall Laboratories, manufacturers of drugs and toiletries, a division of American Home For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. Products Corp., New York City. He has also served as a director and chairman of the Cosmetic Toiletry and Fragrance Association. He is a graduate of Yale University Yale University, at New Haven, Conn.; coeducational. Chartered as a collegiate school for men in 1701 largely as a result of the efforts of James Pierpont, it opened at Killingworth (now Clinton) in 1702, moved (1707) to Saybrook (now Old Saybrook), and in 1716 was and received an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from Harvard School of Business in 1959. Bennett formed Liberty Partners in 1992. Prior to that, he spent 21 years with Merrill Lynch & Co., most recently as head of its private financial activities. He was also managing director of Merrill Lynch Capital Markets, and senior vice president of Merrill Lynch Interfunding Inc. Bennett is a graduate of Lehigh University and holds an MBA from Columbia University. He is a director of Datamax, "A" Co., Arcade Inc., Miracle Recreation Equipment Co., Polaris Pool Systems, and Orbit Industries. Henry has been with Sinclair & Rush since 1978. Prior to that, he was a senior vice president of Rockwell International, with responsibility for corporate development. In 1973 he organized GeoSource Inc., a supplier of services and products to the petroleum industry, now listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . He serves on the board of directors of Astrotech International Corp., Miracle Recreation Equipment Co., and Duquesne University in Pittsburgh. He is a graduate of Syracuse University with a BS in accounting and finance. "We are delighted to add the judgment and counsel of these seasoned executives to our board of directors," said Vincent T. Gorguze, chairman of the board. "Their individual talents and breadth of experience will help us further strengthen Aldila's leadership position as the premier manufacturer of graphite golf shafts." The new board members replace Theodore J. Forstmann Theodore J. Forstmann (b. 1940) is one of the founding partners of Forstmann Little & Company, a private equity firm. He is unmarried, and has no children. Forstmann is a graduate of Greenwich Country Day School, Phillips Academy, Yale University and Columbia Law School. and Nicholas C. Forstmann Nicholas C. "Nick" Forstmann (1947 – 2001) was one of the founding partners of Forstmann Little & Company, a private equity firm. Nicholas Forstmann graduated from Georgetown University in 1969, and began working at the Morgan Guaranty Trust Company. , general partners of Forstmann Little & Co., and John J. Langdon, president of The Topps Company Inc., who are resigning. Forstmann Little & Co. acquired Aldila in 1992, took the company public in June 1993, and recently distributed its remaining common stock to Forstmann Little investors. "Aldila has benefited tremendously from the involvement of Ted and Nick Forstmann and John Langdon on our board," said Gorguze. "Their guidance has been instrumental in Aldila's continuing growth since its acquisition by the Forstmann Little partnership in 1992 and in our transition to a public company." Aldila Inc. is the nation's largest designer, manufacturer and marketer of graphite golf club shafts used in clubs assembled and manufactured by leading golf club companies, as well as pro shops, custom club shops and repair shops worldwide. CONTACT: Aldila Inc.
Robert J. Cierzan or Mary Lou Coburn
619/592-0404
or
Sard Verbinnen & Co.
George Sard/Anna Cordasco
212/687-8080
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