American Standard Companies' CEO Frederic Poses talks to The Wall Street Transcript.Business Editors NEW YORK--(BUSINESS WIRE)--Oct. 2, 2000 The Wall Street Transcript has published an in-depth interview with Frederic Poses, 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. of American Standard Companies American Standard Companies, Inc. (NYSE: ASD)(known as Ideal Standard in Europe) is a global provider of air conditioning systems and services, bath & kitchen products and vehicle control systems. A S&P 500 and Fortune 500 listed company with 2004 sales exceeding 9. (NYSE NYSE See: New York Stock Exchange :ASD ASD abbr. atrial septal defect ASD Atrial septal defect, see there ), in which he talks at length about the company's future. The entire 4,500-word interview is available free online at http://www.twst.com/ceos.htm Poses gives an overview of the company. "American Standard is a global company with about $7.5 billion in sales. We have three large, strong businesses with powerful brand names and wonderful prospects for future growth. Our largest business is air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. systems and services, sold under the Trane and American Standard brand names." Poses explains, "We continue to gain share at the high end of our business. If you look at the medium-sized commercial market, we have a very strong position, and we continue to gain share. We'll be gaining some share in the residential part of the business, although we start with the share of somewhere between 10% and 12%. Our commercial share approaches 50% at the high end of our business." Looking forward, Poses states, "People are increasingly looking to buy more integrated systems, in other words Adv. 1. in other words - otherwise stated; "in other words, we are broke" put differently , to link the various parts of an air conditioning system, from a chiller chill·er n. 1. One that chills. 2. A frightening story, especially one involving violence, evil, or the supernatural; a thriller. chiller Noun 1. to an air handler to a terminal product and to the control systems. I also see increased sales of maintenance and parts as part of an overall solution where you turn your air conditioning system over to Trane. Trane will manage the installation and upgrade that system on a contract basis." This interview is part of a 62-page Homebuilding Industry Issue available at http://www.twst.com/info/info182.htm or by calling 212/952-7433 The Wall Street Transcript is a premier weekly investment publication serving serious long-term investors for over 37 years. The Wall Street Transcript has launched a new free service where investors can ask American Standard Companies (or any public company) a question at http://www.qawire.com The Wall Street Transcript does not endorse the views of any interviewees nor does it make stock recommendations. For subscription information call 800/246-7673. |
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