AlliedSignal Elects Burnham And Poses Vice Chairmen Of Board.MORRIS TOWNSHIP There are several places named Morris Township in the United States:
See: New York Stock Exchange -- ALD ALD abbr. adrenoleukodystrophy ALD, n.pr See adrenoleukodystrophy. ALD aldolase. ) announced today that Daniel P. Burnham and Frederic M. Poses have been elected to the Board of Directors and as Vice Chairmen of the Board. Burnham and Poses had been presidents of AlliedSignal's Aerospace and Engineered Materials sectors, respectively. They will continue to report to Lawrence A. Bossidy, Chairman of the Board and Chief Executive Officer. John W. Barter, who had been president of the Automotive sector, informed Bossidy of his decision to leave the company in order to invest in and develop small businesses. Barter has agreed to stay on until April 1998 to conclude certain activities in which he has been involved. "Dan Burnham and Fred Poses have performed outstandingly throughout their long careers with AlliedSignal, and in their new roles they will help accelerate our growth and productivity initiatives," said Bossidy. "We are grateful to John Barter John Wilfred Barter (6 October 1917 – 17 December 1983) was a British Labour Party politician. He was Member of Parliament for Ealing North from 1955 until he retired from the House of Commons at the 1964 general election. for his 24 years of excellent service to the company, particularly for the major strategic change he led in our automotive businesses, his valued counsel as a member of the Leadership Committee and his redesign of our finance organization during his tenure as chief financial officer." Burnham joined AlliedSignal as Vice President and Corporate Controller in 1982, having previously been with The Carborundum Company. He was named President of the Aerospace sector in 1991. Born in 1946, he holds a B.S. in economics from Xavier University For other educational institutions using the name Xavier, see . Xavier University may refer to: In the United States:
Poses joined AlliedSignal as a financial analyst in 1969 and was named President of the Engineered Materials sector in 1988. He serves on the board of directors of the 92nd Street Y and is a trustee of the Riverdale Country School Riverdale Country School is a co-educational college preparatory day school in New York City. It is one of the most expensive and competitive private schools in the United States. . Born in 1942, he holds a B.B.A. from New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the and served with the Peace Corps in Peru for two years. Bossidy announced that AlliedSignal will be reorganized into 11 business units, eliminating the sector superstructure. The three sector offices -- Aerospace, Automotive and Engineered Materials -- will close in about 30 days, and their functions will either move to the corporate or business unit level or be eliminated. The finance, law, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and communications, and information systems functions will continue to report to Bossidy. Reporting to Burnham will be Turbocharging Systems, Engines, Aerospace Equipment Systems, Electronics and Avionics Systems, Aerospace Marketing Sales & Service, Federal Manufacturing & Technologies and the company's productivity initiatives. Reporting to Poses will be the Automotive Products Group (which includes Friction Materials, Filters & Spark Plugs, Prestone and Automotive Aftermarket products), Truck Brake Systems, Specialty Chemicals, Polymers, Electronic Materials, and the company's Business Services and growth initiatives. "Six years ago," said Bossidy, "AlliedSignal had more than 60 business units, which were small, regional and incapable of operating independently or attracting senior talent. Today, we have 11 business units, each of which is a significant factor in its market and has global reach, world-class talent and the critical mass to operate autonomously. Removing the sector layer will enable these businesses to make faster decisions and serve customers with greater speed, flexibility and cost effectiveness." Bossidy noted that all positions in the reorganization will be filled internally, "reflecting the outstanding management bench strength that the company has developed over the last several years." Based in Morris Township, New Jersey
The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , has some 70,000 employees at 300 facilities in 40 countries. Information about AlliedSignal is available on the Internet at http://www.alliedsignal.com/. CONTACT: AlliedSignal Mark Greenberg or Kristin Lemkau 973/455-5445 973/455-4732 |
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