Avrum Gray Joins Board of Directors of SL Industries, Inc.Business Editors/Hi-Tech Writers MT. LAUREL, N.J.--(BUSINESS WIRE)--June 6, 2002 SL Industries, Inc. (NYSE NYSE See: New York Stock Exchange and PHLX PHLX See: Philadelphia Stock Exchange PHLX See Philadelphia Stock Exchange (PHLX). :SL) announced today the appointment of Avrum Gray to the Company's Board of Directors. Mr. Gray's appointment increases SL Industries' Board to eight members. Mr. Gray, 66 years old, is the Chairman and Founding Partner of G-Bar Limited Partnership, one of the nation's largest independent options trading firms and a leading specialist in computer-based arbitrage activities in the derivative markets Derivative markets Markets for derivative instruments. , based in Chicago. He also serves on the Board of Directors of Lynch Corporation in Rye, NY, and Nashua Corporation The Nashua Corporation is an American company headquartered in Nashua, New Hampshire that makes labels, specialty papers, and imaging products and services. It was formed in 1848 to make cardboard and glazed paper. In 1926 it bought the Knowles Youngblood Co. in Nashua, NH. Mr. Gray is the former Chairman of the Board of Lynch Systems, Inc., a capital equipment manufacturer, and a former Chief Executive of a privately held automotive aftermarket company. Additionally, he has been Chairman of the Board of Spertus College, as well as a board member of the Illinois Institute of Technology Illinois Institute of Technology, in Chicago; coeducational; founded 1940 by a merger of Armour Institute of Technology (founded 1892) and Lewis Institute (1896). , the Stuart School, and a number of philanthropic organizations, including the Jewish Federation of Chicago. Warren Lichtenstein, Chairman and Chief Executive Officer of SL Industries, said, "We are pleased Mr. Gray has accepted the invitation to join the Board of SL Industries. His experience and business acumen will be a great benefit to the Company." Mr. Gray received a B.S.M.E. from Purdue University in 1956, and a Ph.D from Spertus College in 1983. About SL Industries SL Industries, Inc. designs, manufactures and markets Power and Data Quality (PDQ (Parallel Data Query) A query optimized for massively parallel processors (MPPs). The software breaks down the query into pieces so that several parts of the database can be searched simultaneously. See SMP. ) equipment and systems for industrial, medical, aerospace, telecommunications and consumer applications. For more information about SL Industries, Inc. and its products, please visit the Company's web site at www.slpdq.com. |
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